The HYIP Miracle….I Want to Believe

Why do people send money to HYIPs scams?

Have you heard of the Christmas Miracle? Well, this is very similar….

Explanation number one: “…if those greedy people are so stupid to believe in a 600% return they SHOULD lose their money.”

Tomorrow if you run a full page ad in the Wall Street Journal which states “I just discovered the cure for cancer” people will immediately ask you to prove it.

If you then produce 60 healthy people all of whom claim they have been cured of their life threatening cancer while drinking your medicine, literally thousands of sick cancer patients will immediately flock to you for the cure. Millions of dollars will flow to you and millions more will be pledged even without actual medical or scientific proof.

Desperate people will always want to believe in a cure. They want to believe and want to be a part of your medical miracle.

Each month oceans of fresh new faces surf to HYIP web sites and portals trying to make money, earn a better living or just improve their lives. They don’t have much money. They need a ‘miracle’ big return on what they can spare. They need money….everyone needs money.

Tomorrow, if you advertise that you are a day trader in the stock market and each month your HYIP consistently makes at least a 600% return, people will ask for proof !

If you prove your claim by showing up with 60 people who have invested through your HYIP web site and have all been paid or are being currently paid their 600%. You can then say, “See all these investors–for three months now they are being paid their High Yielding interest! They are getting their big money returns and so will you.”

After that the the 60 people post ‘testimonials’ to your web and appear in HYIP forums with comment like, “See I got paid all 600% over the past two months, its real, you should get in on this!”

Follow that up with some payment to ‘affiliates’ and more new faces will be sent your way.  It won’t be long before millions of HYIP Ponzi dollars begin to flow into your pockets. Even though you have not shown any conclusive proof that you even have any day trading skills beyond the fact that you know where the Charles Schwab office is…..new desperate people will send in their hard earned money hoping for a miracle big return.

Desperate people will always want to believe. They want to believe and want to be a part of your financial miracle.

HYIP victims are not all ‘greedy’ people. Just like the fictional dying cancer patients, most of them are just ignorant how to improve their situation.  That high return and a promise of a better tomorrow can be a powerful a motivator. Its can be just as powerful as believing in the non existent cancer cure. Financially challenged people will always want to better themselves. By ‘financially challenged’ I mean just about all of us.

Big excuse number two from the victims: “But I read the address and registered company name on their web and it even had a phone number….”

Its an important point to understand that on the Internet, a company registration, address and phone does NOT make that web business legitimate. Registering domains, hosting accounts, e-currency accounts, email accounts….all of these just REQUIRE a name, address and phone. ALL of these can easily be obtained with phony information or be registered anonymously.

Ralph Trump, Donald’s long lost brother, can register domains, set up hosting and digital money account(s) right now using Trump Tower NYC as the address and a pay phone down the block as the contact number.

So whey are HYIP victims always ‘fooled’ when an HYIP shows a company name/registration address and phone number?

Desperate people will always want to believe. They want to believe and want to be a part of your financial miracle.

Here is another classic illustration of the miracle believer. I just ran across this not ten minutes ago in my news reader, Google Blog Search keywords ‘e-gold’. Like many other identical sites, this is a promotional web site complete with the HYIP referral links:

“The more you are waiting, the more money you are losing. Jump in! Join my boat to a better life, to the happiness you are seeking for. Here are your tickets…..*waytomillions.blogspot.com

When you were very young, your parents told you about a fat guy in a red suit that flew across the sky pulled by Rudolph and his reindeer pals. It is a magical story and at that age you believed in Santa…you may have even left him milk and cookies that Christmas eve.

As you got older you realized the Santa routine was just not possible…you grew up.

Why don’t HYIP ‘investors’ ever grow up? Why don’t they realize those size returns are just a magical story?

Desperate people will always want to believe. They want to believe and want to be a part of your financial miracle.