Greed - Our Worst Enemy

To fully understand patterns in the hyip world we need to take a closer look at one emotion. GREED!

This one emotion is what causes both investors and program admins to make mistakes and is also causing the hyip arena to transition from controlled investing to frenzied gambling.

Greed: An excessive desire to acquire or possess more than what one needs or deserves, especially with respect to material wealth.

Greed causes many mistakes made by investors such as:

• piling all their money in one program - when a program pays nicely on your first couple of spends it is very tempting to move money from other programs into the paying one. The trick is to make an agreement with yourself about how you will manage your portfolio before you start!
• not withdrawing at least some of the interest - it's so neat to see your interest earn interest that you completely forget about the fact that none of the money is yours yet. Even if you like to compound make sure you take out at least some of your interest after each period.
• blindly following someones recommendation - when someone says you can double your money in 10 days and you refuse to do any research on the project yourself, it's your money that will be lost. Take even a few minutes and check the monitors, forums, or even google the site name to see what comes up.
• focusing on 10%+ a day programs - there is a limit to even what a well designed ponzi can generate in interest for its paid members. Increasing the percentage decreases the lifespan, pure and simple. It's ok to play with the high interest programs but just balance with some longer term also.

Greed causes the early failure of many well designed programs because:

• the admin simply being a scammer and not paying at all - easily the worst case of greed because nobody wins. No investors make money and the admin makes very little money before everyone realizes it's a scam. Unfortunately cost to start a scam such as this could be less than $20.00
• the admin paying just long enough to get that one big spend - this is only one step better than the first one. At least some investors make money. The unfortunate thing is that the 'big spend' is getting smaller so this type of program doesn't last very long either.
• the admin changing their own rules midway through the project - even though things are going well the admin can see that more money can be made and they change the plan accordingly. When you see these changes it is easy to spot the real meaning behind them.

You can control your greed and not allow the greedy program admin to affect you as much.

Side Note: If you get a chance find and watch the movie Greed. It's a 1924 silent film (and long) but well worth every minute.

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