Cryptocurrencies are beginning to capture a significant amount of attention internationally. Bitcoin, the most valuable crypto, is soaring towards more than $20,000 USD per coin, and doesn't appear to be slowing down any time soon.
With the increased attention on the cryptocurrency market comes an increase in the amount of individuals and organizations attempting to capitalize on it. This manifests as a dramatic price surge in popular cryptos, but also draws a higher number of less reputable operators into what is largely an unregulated market.
As a result, the latter half of 2017 has brought us a dramatic increase in the amount of high yield investment programs, low-quality initial coin offerings, and multi level marketing schemes. Generating profit from the crypto market on a reliable basis can be difficult, and can require a significant amount of focus, attention, and effort.
The sharp learning curve involved in cultivating a winning cryptocurrency investment strategy inevitably causes many newer investors to seek easier options. Lending ICOs, high yield investment programs, and other platforms attempt to capitalize on these investors and convince them into depositing funds into managed investment account.
While the modus operandi of these platforms may differ, they all operate under what is essentially the same promise: investors are presented with an opportunity to deposit funds, which are then traded by “highly experienced traders” or “highly advanced trading robots” to deliver a guaranteed return on investment.
Typically, these platforms provide ROI calculated on a daily or even hourly basis. It’s important to remember, however, that these platforms are completely unregulated, and as cryptocurrency is virtually irretrievable when lost, can result in significant financial damages when they go awry.
It’s fair to refer to the vast majority of these platforms as high yield investment programs, or HYIPs. While there are in fact a number of reputable HYIPs that do pay out when withdrawal request are made, many simply pay out withdraw requests from older investors with new investor capital, which makes them functionally the same as Ponzi schemes.
In this article, we’ll be taking a look at the Vista Network, which is a fairly complex cryptocurrency based high yield investment program that places a significant emphasis on the multi level marketing aspect in an attempt to draw in more investors.
We’ll take a look at the Vista platform and the promises it makes, as well as breaking down the Vista investment plans, to help you determine whether it’s worth consideration as an investment opportunity or not.
What Is Vista Network?
The Vista Network is a high yield investment program that appears to be designed to draw in investors that are unfamiliar with the cryptocurrency investment market. Vista offers investment opportunities for both Ethereum and Bitcoin, and has a highly structured multi level marketing element.
The Vista platform states that the individuals that operate it possess years of experience in the crypto mining and trading world. Vista promises to “double Bitcoin and Ethereum investments in just 80 days”, which is a fairly astronomical goal.
Assessing the Vista platform from a critical perspective makes it fairly obvious that it’s designed solely to separate unsuspecting crypto investors from their capital. A key red flag of any high yield investment program or multi level marketing scheme is to draw in investors with complex reward tiers and terminology, which is apparent in the Vista “Binary BingoPay” and “Weekly Matrix Bonuses” that reward users for referrals.
Vista provides users with pre-built powerpoint presentations that explain the basics of cryptocurrency and how to create a wallet, which makes it obvious that the platform is intended to bring in investors that are not familiar with the crypto market.
How Vista Works
Vista doesn't actually provide investors with a white paper, and instead makes veiled references to “algorithms” and “trading bots” that allow users to double their Bitcoin or Ethereum investments. Separating relevant information from the Vista documentation is somewhat of a chore, as it’s primarily centered around briefing cryptocurrency neophytes in the basics of the crypto trade.
Vista even provide potential investors with a tawdry “Vista Lifestyle” section on the website in which investors are guided to “enjoy some much needed ME time” with their newfound wealth, delivering blatantly inauthentic recommendations to spend more time with family or “spiritual time”.
Ultimately, Vista wants investors to deposit Bitcoin or Ethereum into managed accounts, which will then be used to fund aggressive automated trading bot strategies. As Vista doesn’t provide any information on the success rates or strategy of their trading bots, it’s possible that they don’t exist as all, making it probable that Vista is nothing more than an elaborate crypto Ponzi scheme.
Vista Network Investment Plans
Vista offers two different sets of investment plans for Ethereum and Bitcoin respectively. We’ll proceed to break down these plans. Note that none of the Vista documentation provides a time frame for these returns, nor does it explain how returns can be withdrawn, or what “daily cap” refers to. These packages are presented as they appear on the Vista website.
- 05 BTC yields a binary return of 6%, with a daily cap of 0.10 BTC
- 1 BTC yields a binary return of 7%, with a daily cap of 0.20 BTC
- 3 BTC yields a binary return of 8%, with a daily cap of 0.60 BTC
- 5 BTC yields a binary return of 10%, with a daily cap of 1 BTC
- 1 BTC yields a binary return of 12%, with a daily cap of 2 BTC
- 4 BTC yields a binary return of 14%, with a daily cap of 8 BTC
- 8 BTC yields a binary return of 18%, with a daily cap of 16 BTC
- 05 ETH yields a binary return of 6%, with a daily cap of 0.10 ETH
- 1 ETH yields a binary return of 7%, with a daily cap of 0.20 ETH
- 3 ETH yields a binary return of 8%, with a daily cap of 0.60 ETH
- 5 ETH yields a binary return of 10%, with a daily cap of 1 ETH
- 1 ETH yields a binary return of 12%, with a daily cap of 2 ETH
- 4 ETH yields a binary return of 14%, with a daily cap of 8 ETH
- 8 ETH yields a binary return of 18%, with a daily cap of 16 ETH
Vista Network Verdict
The Vista Network offering is clearly a multi level marketing scheme at best, and a Ponzi scheme at worst. If you’re interested in generating profits from a managed investment account, there are many reputable managed crypto funds available on the market today that are far less likely to disappear with your crypto.