Discussion.

In Part 1 of this review, we determined break even points for the BitBoots investment plans and also determined the profitability (DNI) of the Levels 1,2, and 3 plans for different assumed lengths of survival of the overall program.  I’ll repeat this information here so that it’s all in one place:

Break Even Points

Level 1     91 days
Level 2     77 days
Level 3     63 days
Level 4     53 days
Level 5     46 days

Daily Net Interest

Level 1
4 months     DNI = 0.27%
8 months     DNI = 0.68%
12 months     DNI = 0.82%

Level 2
4 months     DNI = 0.47%
8 months     DNI = 0.88%
12 months     DNI = 1.02%

Level 3
4 months     DNI = 0.77%
8 months     DNI = 1.18%
12 months     DNI = 1.32%

First of all, looking at break even points, the Level 1 plan takes a full three months to break even.  That’s a long time for an HYIP.  However, it is certainly not impossible.  If the BitBoots program turns out to be a long-term survivor, this would not be a problem.  Of the three plans that we are considering, the Level 3 plan is the best, breaking even in a “mere” two months.

Next, looking at profitability, as you would expect, the Level 1 plan isn’t a good performer unless the program survives for eight months or so.  In HYIP insights #23, we suggested that the investor might want to aim at investment plans having weekly profits of between 5% and 10% — as a good compromise between satisfactory profit and acceptable risk.  After eight months, the Level 1 plan is providing you with a DNI of 0.68%.  Multiplying by seven, you get an average weekly profit of 4.76%, just shy of the 5% we are aiming for.  After a full year, the DNI increases to 0.82% and weekly profit would go up to 5.74%.  A little better, but still on the low end of the range we are aiming for.  So, the Level 1 plan will be modest — but acceptable — as a money-maker.  However, it will be a winner in-so-far-as helping the BitBoots program to survive in the long term.

Moving up to the Level 2 plan and then to the Level 3 plan, DNIs are higher.  If you work out weekly profit for these plans, you would get the following:

Level 1
4 months         8 months         12 months
1.89%              4.76%              5.74%

Level 2
4 months         8 months         12 months
3.29%              6.16%              7.14%

Level 3
4 months         8 months         12 months
5.39%              8.26%              9.24%

Looking at these numbers, we must remember that the Level 3 plan requires a minimum investment of $2,500, which very few online investors will be prepared to make.  Even the Level 2 plan with a minimum investment of $1,200 will be out of reach of all but the more serious investors.  So, even though the weekly profit of the Level 2 and 3 plans begins to become respectable after eight months or so, these plans will probably not see very much use.  In a way, this is GOOD for the overall program as it will increase the chances for its long-term survivability.

There are a few more important factors to remember when you think about investing in a perpetual investment program.  The figures above stop after a year.  However, after that, your weekly profit will continue to increase until it gradually approaches the gross daily interests that the investment plans pay.  So, in the case of the Level 1 plan, the interest would approach 1.1% per day or 7.7% per week.  For the Level 2 and 3 plans it would approach 9.1% and 11.2% per week.  It can never get higher than these amounts.  Again comparing these numbers to our ballpark guideline of aiming for a weekly profit between 5% and 10%, you really can’t do too much better.  Many other perpetual programs appear to be doomed in the long-term because the daily (and weekly) interest that must be paid gradually goes through the roof with no relief for the company.  The earnings that are promised by BitBoots appear to be very sensible — both from the point of view of the investor as well as from the point of view of survivability of the overall program.

To further confirm this, in HYIP Insights #12, we suggested that the “sweet spot” for DNIs from the point of view of long term survivability as well as profitability of an HYIP is between 1% and 2%.  We already pointed out that the DNIs for these plans will gradually approach the gross daily interests that they pay.  These were 1.1%, 1.3%, and 1.6%.  Again, the BitBoots plans are right on the money.  Of course, this is saying the same thing that we said in the previous paragraphs.  But, here we are relating the numbers to sustainability of the program whereas previously we were relating them to profitability.

Conclusions.

It is very difficult for an HYIP to put together a “perpetual” program that is attractive to the online investor and for which the company might be able to sustain interest payments indefinitely.  Possibly, BitBoots might have achieved this illusive goal.  IF (the big question!) the program can survive for a year of longer, it could be a good one from everyone’s point of view.  This program doesn’t promise obscene income; but is does promise a very attractive one.  With wise management practices on the part of the administration, this might be doable…

I hope this information is helpful.

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