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HYIP monitors, or HYIP listing/rating sites, are websites that list and/or promote HYIPs for referral commissions. The monitor charges each HYIP a listing fee which is usually then invested into that program, although there exist free listings and occasionally monitors which invest their own money. The monitor then labels the HYIP as "Paying" or "Not paying/Scam" depending on whether interest is received within the terms specified by the program. Monitors also allow other HYIP investors to rate and comment on the programs, based on factors such as promptness of payouts and responsiveness of the HYIP administrator. Programs with higher ratings achieve higher rankings on the monitor sites, which coupled with a "Paying" status may entice more investors who rely on the monitor.
Sometimes HYIPs only pay monitor sites to keep their "Paying" status visible, but do not pay other investors. As HYIP monitors are not affiliated with the HYIPs themselves, they are unable to prevent investors from being scammed; they neither help to recover lost funds
In order to generate a "Paying" status early (so that future visitors will see it) and maintain it for the longest possible time, newly opened HYIPs must list their site quickly as well as constantly pay monitors their interest on time. Added to the fact that many monitors just invest the listing "fee", and that a commission is received on each deposit made by people who visit the HYIP via the monitor, they are the most likely to profit when a program runs out of funds. Hence, normal investors are always the losers.
HYIP owners can manipulate monitors and forums, by paying people to comment positively or by using a range of IP addresses or proxy servers in different locations so that "paying" votes appear to come from around the world. This allows the HYIP to rise up the rankings more quickly than others, giving investors a false sense of security. Additionally, even if they know it will scam in the future, most investors will also rate new HYIPs positively until the HYIP stops paying, because they want more people to invest after them in the hopes that the program will last longer. Future scammers can
Some HYIP monitors also have discussion forums that facilitate recruitment of new investors into HYIPs currently being promoted. These often contain many posts by cheerleaders or shills, who share a belief that HYIPs are good money-making opportunities as long as they pay.
Interest Rates
HYIPs typically claim to offer interest rates of 1% or more per day on invested funds; some claim to offer much higher daily rates exceeding 200% a day. Allegedly, the highest-return HYIP on record has offered 1,100% ROI in one day. Claims of astronomical returns without large capital outlay or background information are indicative of a Ponzi-structured HYIP program.
HYIPs Investors
There are three types of groups of people willing to put their money in HYIP investment.
(1) The Newbies - This group forms the majority of HYIP investors. They are often inexperience or insufficiently informed about of HYIP. The most common reason for them to join an HYIP is to have a source of income that their lives depend on.
(2) The Gamblers - HYIP investors in this group have some experience with HYIPs and they show signs of being over confident . Similar to gambling addiction, the thought of profiting from hyip gives them a thrill and motivates them to invest their money.
(3) The Cheerleaders - Contrary to group (1), investors in this group have a clear understanding of how hyip works. They seek to earn and maximize profits in HYIPs by exploiting the majority group (1).