As most of you will be aware, the HYIP industry has just witnessed a monumental shake-up that continues to cause fallout as we publish. The closing of the Nova-Lights Family of programmes signals a very sad, but yet an extremely poignant day in the history of online Hyip.
It has not only caused huge losses in both income and investor confidence, but it has given rise to speculation, innuendo and in-fighting that has split the HYIP community, and damaged many reputations in the process.
Whilst I am sure that investor confidence will return, it must be realised that the demise of Nova-Lights has already caused a ripple effect throughout the Hyip Industry that will be felt for many months to come. This ripple effect has exposed and taken down many piggy-backing programmes that were not as "up-front" with their investors as was originally assumed.
This in itself, must be viewed as a good thing, albeit in the wake of a disaster in HYIP that would rival the great Stock Market Crash as a comparison. As we begin to recover, and confidence returns to the community as a whole, it will become more apparent that the need to find the programmes that offer real "Forex Trading" will be the minimum benchmark when investing.
The insistence of "Due Dilligence" as was the flavour in the past will not be as significant in determining the "Legitimate" programmes as it seemed before. Track Record, proven performance, and proof of trades will be the measuring stick for the future.
Copyright©2004 Gold-Horizons
