The familiarity of bitcoin has massively grown exponentially over the last few years. That fame has actually led to a surge in bitcoin scams. One specific kind of scam has become particularly common in the bitcoin community. It’s called a High Yield Investment Program (HYIP) scam, also termed as a doubler scam or simply an investment scheme. So people ask Do Cryptocurrency High Yield Investment Plans Work?

Bitcoin HYIPs are big business and scammers are attracting millions of dollars from so called gullible investors. Moreover the investors are lured with promises of enormous returns as high as 5% to 10% per day. How to do bitcoin investment schemes work? This article explains everything you need to know about the truth behind bitcoin’s latest annoying investment.

Bitcoin has made HYIP Investment schemes more familiar

The internet and email made it simpler for a scam artist to contact millions of people in seconds. Now, with bitcoin, they were experiencing similar surge in investment schemes.

Bitcoin is more anonymous than Fiat currencies

Bitcoin could be exchanged over the internet with nothing more than a single wallet address. Also there’s no need to meet someone face to face. Also don’t need to know any contact information like an email address, a phone number, or a bank account number. Moreover you don’t even need to know the person’s name.

Bitcoin can be sent over the Internet Quickly

Bitcoin with other digital currencies are borderless and frictionless. They have low transaction fees and could be sent globally in seconds. You can also send $200,000 bitcoin for a few dollars.

Insane Bitcoin ROIs

People have made 5000%+ returns from bitcoin and other cryptocurrencies. So when someone sees a huge ROI advertised by a scam artist, they are actually tempted to believe it’s real.

Bitcoin HYIPs is strongly proving to be massive success for people that actually returning to implement quality tactics. It’s one they could suggest checking out if you wish to unwind profit at fewer periods but have a hard challenge at the same time.

Also Read HYIP Investment