IS DEATH OF THE INDUSTRY INEVITABLE?
Reading many articles about current high yield industry development I came across some statements about further declining and slowing down processes which becoming dominant in the hyip and autosurf world. The authors of such articles try to persuade their readers to quit the industry forever. I see the current situation in a more optimistic way, but of course there are a lot of factors which caused some investors to suspend their activity temporarily and hold back from spending money for a while. What are these factors? I will try to find answers in this article.
1) First and foremost, the e-gold indictment provoked the massive waves of panic among investors. Up till now many of them believe that e-gold will have to close soon as a result of constant pressure from US government agencies. Recent discouraging update from Omnipay website about delaying the fully operational in-exchange site OmniPay Africa for several weeks can also shake faith in impending completion of e-gold recovering process. It is certainly far from recovering at this point. But it's struggling for survival in a very successful manner in my opinion. The proof is I haven't noticed any serious glitch in e-gold website functioning this year. I foresee its full back to business by the beginning of autumn.
2) Second factor of slowing down the industry is CEP informal investigation and as a result of it massive exodus of frightened investors from this formerly popular payment processor CEP Trust and connected programs like Coastin88 and CEP Coast. I saw in the last e-mails from Trevor (the boss of all this CEP stuff) that he was as confused as many of its investors and surely didn't know what to do. I consider that all this investigation (be it informal or not doesn't matter) can be a reason of forthcoming closure of all these programs and payment processor. There's no smoke without fire and what can be survivable for e-gold which is in business for over 10 years already will not work for CEP Holdings which appears to be no more than ponzi-based half-legal enterprise. Despite all convictions of Trevor who keeps trying to assure you that there's nothing to worry about I have a really bad feeling about this payment processor as it can possibly share the fate of EMO and StormPay PPs which both ended up in confiscating the funds and further investigations that can last for a very long time. Remember that CEP Trust is not properly licensed which can be a formal reason for its closure. So beware of using this processor now until the situation is clear enough and don't believe blindly in what you were told by the administration. Treat it just like another HYIP or autosurf.
3) The third factor is summertime. Yes, simple as that. Many investors and even program admins are on vacation. Many of them just play a waiting game trying to figure out what will be the outcome of all these events and how to survive in this mess. I can mention just Coastin88 and AdsOnCommand using this tactics, probably also Planet-Trust. That's why I haven't delisted them yet and still hope that things will be turning out for these programs eventually. Many programs just dropped problematic payment processors as EliteAdShare did for instance. But I would not approve its choice as you never know when AlertPay or SolidTrustPay bites the dust. You can subscribe to MONEY-news using form in the right sidebar or bookmark my site as now I'm in the process of writing an article about payment processors, their advantages and disadvantages and how to make the right choice now. So check the updates regularly!
Though there's a slack in the industry now it would be a mistake not to mention about a few possible leaders of the industry even in this quiet summertime. Among autosurfs I consider SurfMargin and Swift Money Surf as probable leaders for the next couple of months. They don't look similar. SurfMargin is here for the long haul, paying for 5 months already and have the intention to rise its profit sharing model to the next level and to become one of the examples of well planned management in the surfing world while Swift Money Surf keeps aggressive promotion and tries to gain all possible attention to itself during this slow down period. I can see no competitors for this big two. Please feel free to suggest any other surfing sites for consideration if you feel that they have a great potential and I will gladly evaluate them and possibly join.
In a nutshell, is death of the industry inevitable? I would answer NO. There are some difficulties now, but when the autumn comes you will see the newly improved industry where only the strongest one can survive and thrive.
1) First and foremost, the e-gold indictment provoked the massive waves of panic among investors. Up till now many of them believe that e-gold will have to close soon as a result of constant pressure from US government agencies. Recent discouraging update from Omnipay website about delaying the fully operational in-exchange site OmniPay Africa for several weeks can also shake faith in impending completion of e-gold recovering process. It is certainly far from recovering at this point. But it's struggling for survival in a very successful manner in my opinion. The proof is I haven't noticed any serious glitch in e-gold website functioning this year. I foresee its full back to business by the beginning of autumn.
2) Second factor of slowing down the industry is CEP informal investigation and as a result of it massive exodus of frightened investors from this formerly popular payment processor CEP Trust and connected programs like Coastin88 and CEP Coast. I saw in the last e-mails from Trevor (the boss of all this CEP stuff) that he was as confused as many of its investors and surely didn't know what to do. I consider that all this investigation (be it informal or not doesn't matter) can be a reason of forthcoming closure of all these programs and payment processor. There's no smoke without fire and what can be survivable for e-gold which is in business for over 10 years already will not work for CEP Holdings which appears to be no more than ponzi-based half-legal enterprise. Despite all convictions of Trevor who keeps trying to assure you that there's nothing to worry about I have a really bad feeling about this payment processor as it can possibly share the fate of EMO and StormPay PPs which both ended up in confiscating the funds and further investigations that can last for a very long time. Remember that CEP Trust is not properly licensed which can be a formal reason for its closure. So beware of using this processor now until the situation is clear enough and don't believe blindly in what you were told by the administration. Treat it just like another HYIP or autosurf.
3) The third factor is summertime. Yes, simple as that. Many investors and even program admins are on vacation. Many of them just play a waiting game trying to figure out what will be the outcome of all these events and how to survive in this mess. I can mention just Coastin88 and AdsOnCommand using this tactics, probably also Planet-Trust. That's why I haven't delisted them yet and still hope that things will be turning out for these programs eventually. Many programs just dropped problematic payment processors as EliteAdShare did for instance. But I would not approve its choice as you never know when AlertPay or SolidTrustPay bites the dust. You can subscribe to MONEY-news using form in the right sidebar or bookmark my site as now I'm in the process of writing an article about payment processors, their advantages and disadvantages and how to make the right choice now. So check the updates regularly!
Though there's a slack in the industry now it would be a mistake not to mention about a few possible leaders of the industry even in this quiet summertime. Among autosurfs I consider SurfMargin and Swift Money Surf as probable leaders for the next couple of months. They don't look similar. SurfMargin is here for the long haul, paying for 5 months already and have the intention to rise its profit sharing model to the next level and to become one of the examples of well planned management in the surfing world while Swift Money Surf keeps aggressive promotion and tries to gain all possible attention to itself during this slow down period. I can see no competitors for this big two. Please feel free to suggest any other surfing sites for consideration if you feel that they have a great potential and I will gladly evaluate them and possibly join.
In a nutshell, is death of the industry inevitable? I would answer NO. There are some difficulties now, but when the autumn comes you will see the newly improved industry where only the strongest one can survive and thrive.
2 comments:
Hi Paul,
The slowness in HYIP/autosurf is inevitable due to uncertainties in e-gold. Once Omnipay Africa is established, I believe too everything would be back to normal.
I do not care for payment processors. So I do not join any programs that do not take e-gold or e-bullion. And some people join the programs if only they do not take e-gold. LOL! That certainly limits our choices.
By the way, I do not follow CEP issue closely. But I wonder if CEP indeed is under investigation. Or it is a smokescreen to hide their real intentions, such as delaying payments for a long period of time. Does anyone have any proof of it? It would be very interesting to confirm that.
JMV :)
Hi, JMV! I also hope that everything will be alright with e-gold soon. Otherwise I would not start this blog. :-)
Regarding CEP issue, I really don't care much about it as I have only small amount in Coastin88 left. What bothers me most that the issues with CEP Trust can affect many good autosurfing programs which accepts it. Just remember what happened when Tri-Star Money Changers closed. And CEP Trust has a much much greater influence on this industry IMHO. So I really hope they will survive.
Thank you for your comments, they are really good and I appreciate it. Paul.
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