Hey guys, as most of you know I'm not a big fan of the HYP or HYIP programs like Bitconnect, LaserOnline, Conrol Finance, etc, etc, etc. I feel they are scams and ponzi schemes. That said I know a lot of people are into them and I always call them scams, so I figured I'd put my money where my mouth is so to speak and try them for myself and see if I would get scammed...which by the way I did. Now looking back I probably should have tried Bitconnect in addition to or instead of LaserOnline and BTCHash, since that one is still paying out supposedly and also since it's the most popular. Regardless I tried these ones out. Now a few weeks back I did both a Steemit post and a Youtube video about my experience with Laser Online and how they exit scammed and stole my money. You can check those links out below... LaserOnline Youtube Video https://www.youtube.com/watch?v=uSO-xAbJGak LaserOnline Steemit Post http://ift.tt/2BwbfIa Around the same time I tried out LaserOnline, I decided to checkout BTCHash as well. I put in $50 and while the site is still running, their social media is still up, they are still promoting, I have since initiated 2 different despoits, one on December 4 and one on December 19 and neither one has been paid yet, despite them saying you will be paid in 7 days. I have submitted support tickets, I've yet to hear anything back. I guess the point of this video is A. to specifically let you know for a fact that Laser and BTCHash are scams. And B. that pretty much all HYP or HYIP programsa are scams. Do some people make money? Yes of course, that's why Ponzi Schemes work. If from the very get go nobody made money everyone would find out and nobody else would invest. By starting out paying people money, they can continue to do so as long as they keep bringing more and more people in. They also rely on people getting greedy and rolling over profits which is easy to show people gains on paper, as long as they never want to withdraw those gains. Anyhow, as people see they are making money they tell friends and make Youtube videos and more people come in and then at some point the company running these programs either exit scams, shuts it down and runs away with everyone's money. Or it gets to the point where they aren't bringing enough new peopel in and people start wanting to withdraw funds and then the programs implode on themselves. Ozzie the BS filter had an interesting video the other day talking about how he thinks these programs are going to start going down. You can watch the video below... https://www.youtube.com/watch?v=k8qHZFzpadA&t=799s Essentially he tells how some Youtubers promoting these programs are starting to get Cease and Desist letters from the SEC of various states, essentially saying that by promoting these programs on Youtube and using links they are essentially the same thing as a financial advisor or even a broker. Ozzie in this video goes on to say he thinks this is only the beginning and that they are going to start cracking down on these programs. For this reason he recommended people start withdrawing money and stop depositing new money or rolling over money already in their account. I've never personally even bought the Bitconnect tokens, however if your holding those and you believe this to be true you may want to start liquidating them as if the program crashes I would imagine the coins also go to zero. Anyhow, what's your thoughts? What's been your experience with HYP programs? Drop your comments below and let us know about them. One other thing, nobody drop any affiliate links to this garbage, they will all be deleted so don't waste your time.