Do You Invest in Ponzi Schemes?
- Thread starter Golden9
- Start date
Well, there was a time when I was investing in pyramid schemes but I never knew how pyramid schemes actually worked. I was told about Hyips is that they actually invest money in business and I believed in that nonsense. Hyips are scams.
They stops paying members and only pay hyip monitor for the paying status so I do not think it is a good idea for losing hard earned money for nothing that worth it.
I did many years ago and the way you make money is to get in and out before the bubble pops. I did make money timing the market like this, but the table turned one too many times and I got sued for winning too much and had to return a couple thousand dollars that hurt, because I had already spent my winnings.
Ponzi schemes can make you quite some money of you thread carefully. They don't last more than a few months, so the early bird catches the worm. But I don't invest what I cannot afford to lose.
