TOP 10 Signs of an Approaching SCAM
Description
Originally, investing on the Internet is associated with risks. Therefore, it is important to understand that sooner or later, every investment project will fall into the «SCAM» category. There are obvious signs of an approaching SCAM, and we will tell you about them in this article.
From the author
After the launch of absolutely every investment project, there will be «critics» who do not always correctly predict the outcome of one investment project or another. This is due to inexperience or a sense of self-importance, like: «What if I guess and turn out to be right?» Experienced investors can sense a hopeless project from a mile away. It is essential to understand who is an experienced investor and who, excuse the expression, is a talker. We digressed a little from the topic, but the decision is yours, and your financial income depends on it. Therefore, be more level-headed when investing and familiarize yourself with the obvious signs of a «SCAM» in an already operating investment project.
Sign #1. Violation of payment regulations
The very first sign of an imminent SCAM is «Violation of payment regulations». Each investment project has its own type and payment regulations. By the way, we wrote an article about types of payments. We believe it will be useful for you to familiarize yourself with it:
Regarding payment regulations, it is individual. Starting from instant payments and ending with the processing of withdrawal requests within 72 working hours or more.
When instant payments stop in a project, it is already an alarm for the investor. This may mean that funds have run out on one of the wallets in the project, and the administration will fix this soon by replenishing the wallet. However, it may also mean that the administration deliberately disabled instant payments due to the end of the influx of funds.
Violation of payment regulations also applies to manual payment types. For example, in an investment project, the regulation for processing a withdrawal request is up to 24 hours, and the request is not processed after the regulation has expired, and the funds are returned to the balance, then this is a violation of the regulations.
This point can also confidently include a change in the type of payments. For example, from instant to manual.
It is worth noting that there is no need to panic over minor violations of regulations. There is always a small chance that these are minor technical issues. When the regulations are seriously violated, most likely the project is a SCAM.
Sign #2. Selective Payments
Selective payments are one of the favorite tactics of top administrators of investment projects with a decent flow of funds and more. The administration may distribute payments to small deposits and stop payments to large deposits. This is done to somehow preserve the operation of the investment project. However, of course, it does not end well. Investors with large deposits, though they are in the minority, will start complaining that they are not being paid on forums, blogs, monitoring sites, and natural panic will ensue.
A small piece of advice: Before investing, always check the project status on several resources simultaneously to more accurately determine the current status of the project.
Sign #3. Restart
There is nothing to discuss here. When a restart is announced, you should firmly decide for yourself that investing in this project is no longer advisable after the announced news. A restart should be a signal of the official termination of the investment project in the eyes of the investor. We cannot even name any unique cases of work after a restart. Except for perhaps MMM, super piggy bank, and everything.
P.S. If you know of successful restart cases, write in the comments. It will be very interesting to read.
Sign #4. Generous Promotions
The administrator of the investment project suddenly announces a promotion. It doesn't matter what it is: a bonus to the deposit, an increase in partner accruals for the duration of the promotion, contests, or adding a new investment plan. If the project is not particularly stable and has been operating for a short period, this may be a sign of an approaching SCAM.
P.S. In more top-notch investment projects, promotions can go as a matter of course. For example, as it was in the legendary Razzleton or as it is in the economic game Fun Fishermen.
Sign #5. Open Insider Information
Probably, each of you would go to a project with a well-known administrator rather than one about which absolutely nothing is known about the administration. There is nothing surprising about this, but at the same time, open insiders play a cruel joke with the duration of the investment project. Advertising is everywhere about the experience of the administration, and they start to throw it at you. This brings us to the next sign of an approaching SCAM.
A small piece of advice: You can always clarify information, ask for opinions from authoritative bloggers, leaders, or different chats before causing panic or making decisions. Trust experienced investors who have been in the HYIP industry for many years.
Sign #6. Money Dump
This sign is often associated with sign #5. Upon learning about a reputable administration, people literally start dumping money, and the temptation for the administration to take funds from the start increases. Why bother with a project that has cost $1,000 - $2,000 when, hypothetically, $10,000 was deposited on the first day? The answer is obvious.
There are cases when a project is actively funded without any insider information. Unfortunately, this is not uncommon. Lately, investors are going into everything, thus lining the pockets of the administration.
A small piece of advice: To avoid investing in a project that has been funded, rely on open statistics (not from the project itself, but on aggregators) before making a deposit.
Sign #7. Blocking Investors of the Project
Administrators of investment projects sometimes block accounts of investors, allegedly for violating certain rules. It is not always because of rule violations. Blocking can be unjustified due to the beginning of problems with the project. They mainly block investors with large deposits.
A small piece of advice: Always allocate funds using a diversification strategy. We recommend reading our article: Diversification Strategy.
Sign #8. Technical Issues
Various problems with the website of the investment project can signal an approaching SCAM. Not simply because it cannot be fixed. Not at all. Investors panic, withdraw funds, and this negatively affects the further operation of the investment project. After fixing the problems and returning to the usual course, some players may not return to the project. This mainly applies to piggy banks or fasts where there is an opportunity to withdraw the deposit body.
A small piece of advice: If you observe problems with the site, withdraw the deposit body and continue to participate for profit or do not invest in the project at all.
Sign #9. Holidays
Going on planned or unplanned holidays is a popular topic among Russian administrators. This method is especially popular to avoid processing payments during the New Year period. Going on holidays can be considered a de facto SCAM of an investment project since no one plans to return from there, as announced by the project administration. It's just an extra reason not to fulfill obligations to investors, work, and collect a little more funds from newcomers.
Interesting fact: About 90% of investment projects cease their work after the end of the so-called holidays.
Sign #10. Difficulties in Communication with Technical Support
The last sign on the list but not by significance is the problem of communication with technical support. When difficulties arise with the operation of the investment project, it is most logical to contact technical support. If you have previously contacted technical support and received responses quickly, and now you don't, it is a troubling sign of an approaching SCAM. In general, initially, communication with technical support should be established, and answers should arrive almost «instantly». Agree that it is inappropriate for a real company to take a long time to respond to its investors.
A small piece of advice: In case of certain problems, do not limit yourself to the online chat on the investment project website. Look for other contacts, such as email and Telegram chat.
Conclusion
Investing on the Internet is not an easy thing. You need experience to be able to determine the preparation of an investment project, how long the project will work, and so on. Unfortunately, SCAMs are commonplace in the HYIP industry. You must come to terms with the fact that you will lose money. But if you approach the formation of your investment portfolio competently, you can protect yourself and reduce the risks of losing funds.
We have covered the TOP-10 signs of an approaching SCAM for readers of our blog. Remembering these 10 signs of an approaching SCAM can protect you from losses in investing. Forewarned is forearmed.
We hope that the information was useful for both experienced and novice investors.
And what signs of an approaching SCAM do you know? Write about it in the comments!
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