First Thoughts on Colobit.

We just began a listing for Colobit on the Emily News Monitor.  Colobit launched its online program on September 2, almost exactly three months ago.  They claim to have over 20,000 account holders (I’m not sure if they all have active deposits) and to have received over 400 BTC in deposits.  Right now, that’s equivalent to over four million dollars!  So, the company is doing extremely well.

Like many other online investment programs, Colobit is involved with cryptocurrency trading.  However, they have added an additional twist to this.  Their trading is done “via arbitrage.”  Now, that might not mean anything to you at all.  We most often hear the term, “arbitrage,” used with respect to betting on the outcome of certain events — like who will win or lose a football game.  The idea is to place bets with DIFFERENT bookmakers such that, no matter who wins the event, you come out ahead.  This is called a “sure bet.”  In the past, there have been a number of highly successful HYIPs that claimed to be involved with this sort of business.  I think that the idea behind using arbitrage with crypto currency trading is that different exchanges will post different exchange rates for certain cryptocurrency pairs.  By making simultaneous trades of mathematically determined amounts on the different exchanges, you will come out ahead whether the currency pair increases or decreases in value.  At least, that’s my take on how this works right now.  I will do some homework on this and, when I do the review of the program, will make corrections to this if necessary.  The point is that Colobit is approaching this business of cryptocurrency trading from a whole new angle.  They are treating it as GAMBLING and are placing their bets in a mathematically determined way such that — at least theoretically — they can’t lose.  I like it…

Colobit offers a variety of investment plan types.  It looks to me like they are trying to appeal to investors having different types of personalities.  However, there is certainly nothing wrong with that.  The first plan pays you 115% of your investment after 15 calendar days.  The second pays you 0.21% hourly for 40 business days.  And, the third and final plan pays you 120% per month for three months.  All of the plans have a minimum investment of 0.003 BTC and a maximum of 50 BTC.  As you might have guessed, your return is included in your earnings for all of the plans.  Owing to the great variety in the Colobit investment plans, it is probably not clear which plan is the most profitable.  When we review the program — which will be in the next day of two — we will answer that question as well as take a look at a number of other features of the program.

Colobit appears to be a very unique program.  Stay tuned for more information about it when we do a complete review…

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