The aim of a Distributed Denial of Service (DDoS) attack is to paralyse online systems. Using a ‘trojan,’ the attacker is able to recruit unprotected hosts and build a network of compromised machines - often referred to as ‘zombies’ or ‘botnets’ - which can then be used to flood the “victim’s” website with requests for information. (more…)
Pinoy Money Talk (PMT) chanced upon a site that takes the look of the original egold site in an attempt to deceive egold users, with the intention of hacking accounts.
The fake site can be found at www.e-qold.com, as opposed to the original www.e-gold.com site. Notice that the fake site cunningly used “q” which can actually be mistaken for “g,” deceiving e-gold users that they are in the actual e-gold website.
E-currencies or electronic currencies are monetary units used to purchase products or invest online. They are no different from actual cash except that they are "virtual."
There are various types of e-currencies available but those commonly used are E-gold, Paypal, E-bullion, and iKobo. Each one is different so visit each site to learn more about them.
HYIP is NOT for you if:
1. You value your money and are afraid of losing them
In this case, you'd better head to a state or a commercial bank, where you will be receiving a very low but relatively stable income for "long years," not being afraid to lose your hard-earned money. Keep in mind: there are no reliable HYIP projects. Some of them pay more than others and yet close down earlier.
2. You don't even have a minimal amount of money (at least $100-$1000) for investing
As you know, money makes money. By not having deposited anything, you cannot derive anything — no matter how many times you multiply zero, you will receive zero in the end. So in case you don't have any money — go and work — HYIP is not a magic wand that can give you profits out of nothing.
3. You've got a weak nervous system
In this case, stay away not only from HYIP, but also from other risky ventures — otherwise, sleepless nights are guaranteed for you. If you are an emotionally unstable person making spontaneous, not well-thought decisions, HYIP is also not for you, since you are taking the risk of losing everything during the first month by making a wrong choice.
4. You like to blame others for your mistakes
If, once failure occurs, you blame someone (be it the administrator, friend, boss, government, God, weather, coincidence etc) except for yourself, you should stay away from HYIP. Keep in mind that YOU are the only one being responsible for the decisions you are making, and all the fault in case of a failure is yours. If you have lost money in HYIP — you are the only one who is guilty in your unpredictability and greed, having taken over your common sense. Remember that no one was pulling you on a lace and you have voluntarily given your money to a scammer.
5. You've got a scammer's nature
If you came to this world with the purpose of making use of others, to succeed by cheating and scamming — keep out of HYIP. There are enough scammers even without you in this arena.
HYIP is for you if:
1. You are a self-confident person, willing to take risk
If your credo in life is "The ones who risk nothing don't drink champagne," and you are ready to take reasonable risk, then HYIP is an ideal way of making money for you. HYIP likes the risky ones who are ready to sacrifice their last penny in order to either receive a million… or to lose everything.
2. You've got a well-developed intuition and common sense
Regardless of numerous pieces of advice and discussions, which you will find on HYIP-Forums, you should always conduct your own analysis (Due Diligence). The situation should be analyzed on the basis of your own experience, instead of recommendations of other people. If someone is trying to lure you into a program, you should keep in mind that the last decision is yours.
3. You are able to take losses and learn from your own mistakes
HYIP doesn't like losers who walk aside after their first loss. HYIP is only for brave and persistent people, able to admit their mistakes after a complete loss, make the necessary conclusions, and then rise from the ashes, like the bird Phoenix, and in brave pace not only recover their loss, but also to double (or triple or xxx-ple) their capital.
An HYIP (High Yield Investment Program) is an investment program that offers high returns with a corresponding high level of risk. Contrary to common types of investments, HYIPs can easily give you 100% return in less than a year. Some programs even offer the same return after a month, some after a week, and some offer 100% return even just after some hours.
It is possible to generate such earnings if you know how to play the HYIP game well. In order to do so, you need to equip yourself with the basic knowledge about surviving in the HYIP arena. Below are some things you should know before making that first step into the HYIP world.
High Yield means High Risk. Most people are aware only of the “High Yield” part of HYIPs, but as we all know, return is proportional to risk. Simply stated: the higher the return, the higher the risk. In HYIP, be prepared to lose everything.
Invest only what you can afford to lose. Since you can lose everything in HYIP, do not ever, ever, ever (have we pointed that out clearly?) invest any amount you are not prepared to lose. One actually “gambles” rather than “invests” in HYIPs. In the same way that you won’t go to a casino or bet on the lottery with all your money, do not “gamble” in HYIPs with the money for your house rent, child’s allowance, or groceries. Gamble only an amount you won’t cry over if you lose it.
99% of HYIPs are scams. Don’t easily invest on the first HYIP you see online. Conduct research (DD or Due Diligence in HYIP jargon), search for online reviews, and ask those who have already invested in the program. What hurts the most is investing in an HYIP that will run away with your money the next day. That usually happens if you don’t do research first.
Diversify. Put your money in a group of investment programs, preferably with varying degrees of risk and return. The idea is for you not to “put all the eggs in one basket.” That is, even if one of your programs fail, you still have some fallback, can still reinvest, and perhaps recoup the losses through the other programs.
Take out your principal as soon as possible. Don’t be greedy, take out your principal investment as soon as you recoup it (take some profits with you) and re-invest only the profits earned if you still want to invest in the same program. That way, even if the HYIP you are in folds up, you’d walk away as a winner.
Protect yourself online. As most HYIP transactions are conducted online, you are prone to viruses, trojans, hacking, phishing, etc. Protect yourself by using multiple passwords, using different login names, installing a virus scanning software and firewall, and regularly checking your PC for updates and patches. The worst thing that could happen to you is to receive a $5,000 deposit in your e-currency account, only to find it inaccessible because it has been hacked!
Do not always trust forums and rating sites. Some, if not most, forums and rating sites are either the owners themselves of the scam HYIPs or paid by the owners to advertise the program. Check for objective comments and reviews of programs that interest you in different forums and rating sites. Try to find and stick to a forum or rating site whose members are credible, have integrity, and have built good reputation for themselves.
Do not just sit down and wait. Unlike investing in stocks, t-bills, or mutual funds, investing in HYIPs require some amount of attention since you need to regularly check on the progress of your investment and the status of the program you are in. If you invest in a program and come back after 1 year, don’t be surprised to find the program gone! There’s a big chance the program’s admin has ran away with your money!
Ask questions and learn. You simply can’t succeed in HYIP if you do it alone. Learn from the experts and veterans. Ask questions. Pinoy Money Talk is here! :)
* * * * *
Message from our Partners: If you manage a business, you probably know how vital it is to have an accept credit card and allow credit cards as payment. With merchant accounts, your customers can pay with a credit or debit card. To get credit card services, log on to the net now!
You are currently browsing the PinoyMoneyTalk.com blog archives for July, 2005.
