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The prediction of crypto bulls states that the market has found its bottom, citing the growing influx of institutional investments into this space. Just recently, Yale’s $29.4 billion-endowment added two cryptocurrency funds to its portfolio. Fidelity, the world’s fifth largest asset management firm, announced a new hedge business related to cryptocurrencies. Caspian, another asset management platform, raked in $19.5 in funding via a public sale, after forging partnerships with Wall Street-backed financial firms.
Yeah. I checked it through Wikipedia. Here, I realized HYIP is one type of High risk program. But, I found the exact solution to reduce the risk. Nowadays, you can accept as true who run a HYIP site with the bitcoin HYIP script. Also, this site must have a bitcoin gateway to transfer your money. Accordingly, the bitcoin is supportive to save you from scam.
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These commerce aspects could mainly attract people willing to spend their crypto holdings in real time, and merchants/payment providers looking to accumulate these assets without having to mine or purchase them from a local exchange. Travelers, for instance, could bring the best usabilities out of cryptos by treating them as global currencies. They can carry them anywhere, anytime and spend them locally without having to go through a costly fiat conversion process.
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A HYIP is essentially a Ponzi scheme – more often than not, a scam. It involves paying returns to earlier investors with money invested by new investors. As a result, some do walk away with a positive return, if they get in early enough. However, it’s not a sustainable model. Once new investors stop coming on, the cash flow stops, often leaving a large number with significant losses.
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