Bitcoin is today the main currency in which people invest in HYIPs.
Since the end of 2014, the main suppliers of HYIP Script, GoldCoders and H-Script, have implemented drivers to use BTC into HYIP and, since then, began the turn for the Bitcoin in the HYIP world and now don’t exist HYIP that does not accept Bitcoin as payment system.
In addition, Admins are developing many BTC-Only Programs.
For those who are not familiar with this e-currency, here is a brief explanation as to why this success: people commonly think Bitcoin as a new currency, but, in reality, it’s much more. The true revolutionary nature of Bitcoin consists of countless potential applications and, in the field of HYIP Industry could get to replace traditional payment services such as PerfectMoney, Payeer or Payza.
Traditional payment systems are managed by private or investment funds, they are buikd constitutionally to make profit. Bitcoin is different, it’s managed and supported by all the participants as decentralized peer-to-peer. It sounds a complicated thing, and for this reason many people still using processors for their payments, but the proportion of BTC users is increasing gradually.
This is also doing by many user-friendly apps based on Bitcoin protocol technology, as trading platforms, which allow us to easily exchange “flat-money” in BTC and vice–versa, offering, in this way, possible additional margins gain. Most careful investors are able to “seize the moment“ selling and buying BTC exploiting the high fluctuations of e-currencies.
There are still small problems: Bitcoin transactions are not instantaneous, they can take from 15 minutes up to 2 hours for confirmations. Another point to remember is the lack of support: the Bitcoin system is safe, but the responsibility for wallet security is totally attributable to the owner.
Bitcoin vs Payment Processors
What are the Bitcoin advantages over other payment methods?
- Bitcoin guarantees complete anonymity;
- Low commissions: Bitcoin is more convenient to use than other payment processors. This means that the HYIP admin and users can increase both their profitability eliminating fees and the HYIP Admin can reduce implementation costs of his script;
- Bitcoin is an open platform, open source;
- Security: there is not central authority behind Bitcoin. Bitcoin is used all over the world, it not depend by national legislation or local authorities. Therefore, it guarantees the safety of customer funds, since the Bitcoin network can not be blocked. There are not, for example the closing risks unfortunately happened (remember e-gold and LibertyReserve).
All right then?
Almost … the only real drawback of Bitcoin is its fluctuation rate. When we have stability we did not feel effects, but when BTC increases or decreases sharply in value compared to traditional currencies, this fluctuation may affect each HYIP program causing faster coming to the end.
If the Admin is increasing the deposit overall value, due to the BTC growth, it will be no available to give back deposits with interest, converting, for example, BTC in dollars.
This consideration is not applied to the “BTC-Only Programs”, they just have BTC, so far from currency fluctuation problems.
We believe that it is mainly for this reason that often the longest-lived HYIP are BTC-Only, in particular with the declinations “Piggy Bank” and “Coin Generators”.
Bitcoin is definitely the simplest and most immediate payement transaction on-line, This happened historically to gambling, but in reality, HYIPS are similar gambling and, from this point of view, there is no doubt that Bitcoin HYIP and are totally synergistic.