This program moved to CLOSED! Do not invest there!

Discussion.

In Part 1 of our review of the BitWave investment plans, we devoted our time to determining how long it takes each of the plans to break even and to determining the average daily net interest (DNI) that each of them pays.  You will recall that, since the BitWave investment plans are “perpetual,” we had to assume different lifetimes for the overall program in order to calculate DNI — since it depends on both interest rate and length of plan.  With this as an introduction, here’s the information about the BitWave investment plans as well as what we found out about their breakeven points and DNIs.

The Plans

Plan #1
0.15% per hour
3.6% per day
$10 – $999

Plan #2
0.17% per hour
4.08% per day
$1,000 – $4,999

Plan #3
0.20% per hour
4.8% per day
$5,000 and up

Breakeven Points

Plan #1            28 days
Plan #2            25 days
Plan #3            21 days

Daily Net Interest (DNI)

Plan #1

Length of Plan             DNI
30 days                        0.27%
60 days                        1.93%
90 days                        2.49%
120 days                      2.77%
150 days                      2.93%
180 days                      3.04%

Plan #2

Length of Plan             DNI
30 days                        0.75%
60 days                        2.41%
90 days                        2.97%
120 days                      3.25%
150 days                      3.41%
180 days                      3.52%

Plan #3

Length of Plan             DNI

30 days                        1.47%
60 days                        3.13%
90 days                        3.69%
120 days                      3.97%
150 days                      4.13%
180 days                      4.24%

Looking at all this information, a number of things should be apparent.  First, the minimum investment for Plan #3 is rather high at $5,000.  For this reason, very few online investors will be able to take advantage of this plan.  In fact, we always caution our readers about investing large amounts of money in ANY online investment plan, given their reputation for unannounced premature closure.  Of course, we hope we are wrong on this and that BitWave will be one of the few programs that will be with us for a very long time.

Next, the plans pay a very respectable rate of interest.  This enables them to break even very quickly (all within 3 or 4 weeks) and, of course, they are very lucrative.  Remember that a gross daily interest of 3% translates to 21% gross weekly interest and 4% translates to 28%.

If you look at the results above for DNI, you will see that DNI also becomes quite high as soon as two months or so has elapsed.  Remember that DNI is NET profit.  So, a DNI of 2% is equivalent to a net profit of 14% per week — which is pretty darn good.  And, of course, the longer the program survives, the higher the net profit that you will be receiving until, ultimately, it begins to approach the daily gross interest that the investment plans pay.

Of course, the flip side of the coin is that, as time goes on, the program will be burdened with payment of these high returns and it could become increasingly difficult for it to survive.  Paying returns of 3% or more per day — forever — could become very difficult.  This is a disadvantage of “perpetual” investment programs.  They don’t provide the relief to the program that a plan with a finite life span does.

For the cautious investor, the fact that BitWave permits withdrawal of your deposit reduces the risk of losing everything.  It also might benefit the program because, if an investor withdraws his deposit (and a new investor takes his place), new money in injected into the program rather than returns having to be made continuously on old money.

A possible approach that an investor might want to take when investing with Bitwave is to withdraw his deposit after he has doubled his money, that is, after he has made 100% profit.  How long will this take?  Just divide 200% by the gross daily interest that a program pays and you will find out.  For example, in Plan #1, divide 200% by 3.6% to get around 56 days.  Of course, this is simply TWICE the time for a plan to break even.  So, if you choose to use this procedure, you would withdraw your deposit from BitWave after the following times have elapsed — depending on the plan that you invested in:

Days to Double Money

Plan #1            56 days
Plan #2            50 days
Plan #3            42 days

Of course, this takes a lot of self-discipline.  There is always the temptation to wait one more day…

Earnings Example.

As an example, suppose that you invest $100 in Plan #1.  Your daily gross return would be $3.60.  You can see that after 28 days, you would have earned $100.80 and would have broken even.  After 56 days, you would have earned $201.60 and would have doubled your money.

Conclusions.

BitWave offers three very lucrative and easy-to-understand “perpetual” investment plans.  They have the nice feature that, after a 48-hour waiting period, the investor can withdraw his deposit (with a 5% penalty).  Because of the relatively high interest rates that are paid, all the plans break even in less that a month and, similarly, it is possible for the investor to double his money in less than two months.  Because of the high interest rates that are paid, the risk involved when investing with this program might be significant.  These investment plans will probably appeal to the more adventuresome — rather than conservative — investor.

I hope this information is helpful.

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