19/03/2010. CurrencyBasics Review and Other News

BEWARE! THIS PROGRAM HAS STOPPED PAYING! PLEASE DO NOT INVEST!

Hi everyone! Before we get to tonight’s news I want to talk to you about one of the new additions to the MNO monitoring page made just yesterday. It’s called CurrencyBasics and it’s a short term program that I think many of you are going to like.

This one is running for the last two days and is (in my opinion) one of the more obvious HYIP related games around now. But then again I guess they all are and that doesn’t mean you can’t make a few bucks out of CurrencyBasics while it lasts. There are a good number of plans to choose from here, ranging from hourly to on expiry after 31 days. I’ll try to run through all of them here for you.

The first one runs for just 10 hours. CurrencyBasics offers you 10.25% interest per hour for the duration. That adds up to 102.5% interest back with just 2.5% actual profit. So in reality this plan, like the rest you are about to see, isn’t so unfeasibly large that it can’t be sustained if managed correctly. The minimum investment is $5 and the maximum is $10,000.

The second plan is another hourly one and offers 5.2% per hour for 20 hours. The amounts you may invest are the same with the minimum remaining at $5 and the maximum at $10,000. The total amount you may expect to earn is 104% which includes your principal so that’s 4% profit.

So I guess you could call the last two “tester plans” if you prefer, though they do occupy a very important part of CurrencyBasics. If you prefer something a bit more substantial however you may wish to consider one of the following. The third plan costs a minimum of $50 to join and for anything up to a maximum of $3000 will pay you 55% interest per day for 2 days. That’s 110% of your principal in total. If you’d like to risk a bit more then amounts from $3001 to $10,000 are offered 60% per day and amounts larger than $10,000 are offered 70% per day, also for 2 days.

The next plan is a bit shorter. It runs for just one single day and and offers to pay you 105.2% interest on amounts from $50 to $5000, 110% on deposits from $5001 to $10,000 and 128% interest on expiry for deposits above that.

CurrencyBasics then has another plan that runs for two days but only pays on expiry this time. The rates offered include 114% on investments between a minimum of $500 and a maximum of $5000, 130% interest of deposits from $5001 to $10,000 and 170% on deposits larger than that.

Bit of an extreme jump after that as the next plan runs for 17 days. CurrencyBasics offers a return of 280% on deposits starting from a hefty minimum of $1000 up to $3000. Investments from $3001 to $7000 are offered 340% interest in total and deposits bigger than that are offered 400%.

And finally the longest term plan runs for 31 days and only takes deposits starting from a minimum of again $1000. Investments between that and $4000 are offered 500% interest on expiry, amounts between $4001 and $8000 are offered 680% on expiry, and in the unlikely event of someone making a larger deposit that that you are offered 850%.

As you can see there is a pretty wide selection there and I think most fans of short term HYIP games will find something of interest there. Unfortunately where CurrencyBasics falls down a bit is in the selection of payment methods. This is limited to just LibertyReserve and PerfectMoney and while these may be popular choices anyway it will no doubt severely limit the appeal of the program. Any regular HYIP players will no doubt be familiar with the “no questions asked” policy of these processors in the event of you losing money. But as part of the bigger picture it may actually inspire a bit of caution and common sense among investors so just remember to be careful, ok? Payments are processed according to the length of the plan in question, ie hourly, daily, or whatever and payments are instant. Which I guess slightly compensates for the lack of choice.

Otherwise though the security is well up to standard with CurrencyBasics using SSL encryption to protect the members accounts. They are running off a script licensed from GoldCoders and hosted on a dedicated Staminus server with support and protection from DDoS attacks provided by DdoSWiz. You may contact the admin by submitting a support ticket on their contacts page.

There is some information on the website about the ForEx market though I don’t see that the admin states explicitly that that is where they make money. It doesn’t matter anyway as the texts are copied directly from other sources so all information about business and trading activities should be ignored. CurrencyBasics is a game and a risk and is to be treated as such. However it is pretty well planned out and some people will inevitably profit from it. If you wish to be one of them then joining early with a modestly sized deposit would be the way to do it. They won’t be here forever though so as usual it’ll be the early birds that do best.

OTHER NEWS FOR TODAY.

Today was an unusually quiet day for HYIPs and there were few updates posted by the admins. Let’s start with the update from Aballong (reviewed here). It seems that the deadline for closing the second pool is delayed as the program is still accepting new deposits which is quite strange for me. Apparently that was a trick to guarantee stable growth of new money from the investors so I’m not sure anymore if Aballong is ever going to stop this and go private. Anyway, the latest update from the program released last night suggested that the depositing option would be switched off pretty soon, however I see that at the moment it’s still open. So I’m looking forward to hearing from the admin (interviewed here) again once the program finally gets privatized. Here is the latest news from them:
“Martin and I like to say thank you for the great compliments after we are sending the upcoming bets in the last newsletter, a few of you played and confirmed it was not only the odds, but they also understand now how we make money for you. If you are interested to place again some bets Martin prepared again two interesting Matches what are upcoming, and you should have time to place the arbitration before the match starts, actually we give you a match from tomorrow and one from after tomorrow so you should be really getting into the bookies in time.
The first Match is in Argentina. on 03-20-2010
You will earn 1.29%
1X-2 Est De La Plata v. Atl Tucuman BetFair 1.81 InterWetten 2.30
The two bookies you need to join are:
http://www.betfair.com/
https://www.interwetten.com/en/Default.spx
The second Match is Cyprus on 03-21-2010
You will earn 1.84%
1X-2 Apollon v. Apop BetFair 2.61 Bet365 1.67
The two bookies you need to join are:
http://www.betfair.com/
http://www.bet365.com/en/
Aballong also got some nice pool money invested yesterday, so we are closing in to the final amount we are allowing to invest.
Regards Alrea”.

The biggest news of the day was connected with HugMoney which is obviously collapsing now and making selective payouts to certain payment processors and avoiding paying to larger investors. I have received several complaints from my readers today informing me about delays of over 48 hours waiting for cashouts to get processed. I myself contacted the admin and haven’t received a reply yet but I guess HugMoney is over. Judging by the selective payouts, the fact that the admin never returned my questions for the second interview and ignored my last message I tend to believe that HugMoney is on the verge of collapse. And though many monitors are still reflecting Paying status for HugMoney I suggest you to listen to MNO’s voice of reason and stop depositing now. HugMoney though managed to run for nearly 100 days which made it the most successful short-term HYIP so far this year and left many people in profit. I believe that if the admin ever starts another HYIP in the future many investors will be eager to invest there. However as usual in this Industry we will probably never know when that happens. It’s fair to say that HugMoney was a very long and profitable ride for many investors. I hope to see more such quality short-term programs like them on MNO for the rest of 2010 as well.

I was about to publish another lengthy update from PTVPartner on my blog tonight but decided against it for the moment as their site is experiencing some technical troubles right now. All day long today I haven’t been able to make a withdrawal from my account in PTVPartner and I also noticed that the sign-up function is not working either. I’m not sure what’s happening and I have contacted the admin already regarding it. I’ll let you know as soon as I get a reply from him.

BiotechInvFund site was unavailable for me for the entire day today and somebody reported that it was due to a massive DdoS-attack on their site. If it’s so I hope they will be online soon but for now the program has been moved to Waiting status on MNO monitoring page.

The SolidTrustPay account of CottonFunds program (reviewed here) has been suspended and the admin offered to pay me via StrictPay until that gets resolved. SolidTrustPay has been removed as a payment option from CottonFunds website but I just wish the admin was more open to his members and actually sent a newsletter informing them about this.

As you can see this has not been such a great week for HYIPs but let’s hope that after so many closures the future will bring us hope and new long lasting programs. By the way, I hate to say this but there is one guy on the net running a blog (won’t be mentioning any names here) who simply amazes me with his “predictions” sometimes. He predicted that HugMoney would be a scam way back in December 2009. Lol, what an expert! He didn’t join GeniusFunds for the same reason, and guess what, he was right! Considering that no program in the HYIP industry lasts forever you don’t need to be a psychic to predict these things. It’s the very same if you say that rain is going to fall soon but actually say when – eventually you will be right. So predicting HYIPs collapsing might be a thing that will make you an expert in this industry because you will always be right, (eventually!)

Now let’s take a look at a new short-term game called SotInvest that I added to my monitoring list tonight. And by short-term I mean very short term where you can get 105%-135% on your investment starting from $1 in just one single day. Of course, the crucial thing will be to join SotInvest in the early stages as we definitely know that it’s going to collapse one day (meet the experts, lol!). So I can tell you that SotInvest has been online for two days and so the first payouts have been processed already which makes it kinda an attractive game to play. Unfortunately with a very limited choice of payment processors (only LibertyReserve is accepted at the moment) I don’t believe it will get too many followers. However, the temptation might be overwhelming because the other investment plans in SotInvest are offering you even higher profits of 15%-35% for 10 days, 135%-300% after 7 days, 200%-700% after 15 days and even 450%-1500% after 30 days. Of course it’s questionable if SotInvest will survive a whole month online but looking at the number of monitors added already I believe the admin is quite serious about providing the growth which should bring longevity to his program. The script is a licensed GoldCoders one and the DdoS-protection is provided by the powerful servers by BlackLotus with their highest enterprise level of protection that should defend the site from possible attacks. More on SotInvest will be in my review on MNO which will be published soon. Stay tuned for that, guys!

I have been paid today from the following programs on my monitoring page:
ProsperityWallet, CottonFunds, InvestProxy, Verifield, Oico, NasMos, ForexNetClub, MandarinInvest, EuroNanoInvest, BJInvestment, OneDailyPro, FinanceNova, TheKapital, PanaMoney, AvaInvestment, SureBetInv, WWFD, Xcelsus, YesInvestment, GoldenInvestment, EzProfit, Eternidex, PrimaryPool, GloboFunds, Plents, AimTrust, BVBC, SmartTradersInv, ExceptionalFunds, WestFinance, WaterInvestment, Aballong, CurrencyBasics (the first payments received) and Cashift (the first payment received).

Don’t forget to check my blog put tomorrow for another interview, a review of a new short-term program Cashift and the daily news from the Industry. Stay tuned as MNO will have a surprise for you soon! I wish you all very good weekend from Tel-Aviv.