This program moved to PROBLEM status! Do NOT invest there!

The BitShore Investment Plans.

In our recent “First Thoughts” article about the BitShore investment program, we introduced their investment plans in the following way:

For the investor, BitShore offers two very easy-to-understand investment plans.  One pays 5% daily for 30 days and the other pays 10% daily for 15 days.  In both cases, your investment is included as part of your return.  We expect to review the program in a few days and will discuss the pros and cons of these investment plans at that time.  Please stand by for the review.  It will be published soon…

Here is the full information on the investment plans.  Not too much more that the above other than investment limits — which, of course, are extremely important for many reasons.

Plan #1
5% daily for 30 days
0.001 – 0.02 BTC

Plan #2
10% daily for 15 days
0.021 – 0.5 BTC  (*min. investment was lowered to 0.01 btc)

Analysis of the BitShore Investment Plans.

When we analyze investment plans we typically determine two quantities: when they break even and the average net interest (pure profit) that you make from them on a daily basis.  We refer to that as daily net interest and have given it the abbreviation DNI.

To determine when an investment plan of this type breaks even, all you have to do is divide 100% by the daily return that you receive.  For Plan #1, dividing 100% by 5%, you see that the plan breaks even in exactly 20 days.  To determine DNI, there are a few steps.  First, you determine the total GROSS interest that the plan pays you.  In the case of Plan #1, that will equal the daily gross interest of 5% times the 30-day length of the investment plan, or 150%.  To get the total NET interest that you receive, you have to subtract 100% from this amount because it includes your investment (that is part of your gross return).  So, for Plan #1, your total net interest will be 50%.  Finally, if you average this out over the 30-day length of the plan by dividing 50% by 30 days, you get a DNI of 1.67%.

It is easy to repeat these calculations for Plan #2.  If you do, you will get the following results:

Plan                       DNI                        Days to Break Even

#1                           1.67%                    20 days
#2                           3.33%                    10 days

Discussion.

Let’s first take a look at the minimum investment requirements for the two BitShore investment plans.  Assuming a value for Bitcoin of $12,000 (it happens to be extremely volatile now!), for Plan #1 the minimum investment requirement of .001 BTC translates to around $12.  For Plan #2, the minimum of .02 BTC translates to around $240.  The important point, in my mind, is that any halfway serious investor will be able to afford Plan #2 if he feels it is a more attractive plan than Plan #1; the minimum investment requirement will not be a problem.

Next, let’s take a look at the length of the plans along with how long it takes them to break even.  With a length of 30 days, Plan #1 might be considered to be a medium-term plan while Plan #2, with a length of only 15 days might be considered to be a short-term plan.  These ratings are, of course, a matter of opinion.  What is a medium-term to one investor might be a short-term plan for another.  We can probably agree, however, that with lengths of of a month or less, they are certainly not long-term plans.

Both plans pay respectable daily interest rates.  This leads to breakeven points that occur significantly before the ends of the plans.  Plan #1 breaks even in 20 days while the total length of the plan is 30 days.  Plan #2 breaks even in only 10 days while the total length of the plan is 15 days.

These investment plans are the best TYPE of investment plan, as you are recovering your investment beginning with the very first day of the plan.  As an example, in Plan #2, with a breakeven point of 10 days, the implication is that you will have recovered half of your investment in only five days.  This is a comforting fact for the online investor whose principal concern is always early closure of the investment program that he has put his hard-earned money into.

Both plans are very lucrative.  If you multiply the DNI (average daily profit) by seven, you get the average weekly profit that you will receive from each plan (I think better on a weekly basis!).  For Plan #1, this comes out to almost 12% per week and for, Plan #2, you get over 23%.  There is a big difference between these two numbers and the investor should obviously aim for the most profitable plan if he can afford to.  As we already indicated, the minimum investment for this plan is only around $240.  So, from the point of view of profitability, Plan #2 would seem to be the way to go.

As we have already implied, there are other advantages to Plan #2.  Let’s summarize them here:

  1. It is half the length of Plan #1, 15 days vs. 30 days. In HYIP world, there are serious advantages to shorter-term investment plans simply because — at least in recent times — many programs do not survive more than a few weeks.
  2. It breaks even in half the time. As we already discussed, this greatly reduces the time that your investment is at risk.

The flip side of all this is that profitable programs such as this are always more risky than unprofitable ones.  The logic behind this is simple; it is harder for a company to pay higher than lower interest returns.  In HYIP Insights #12, we suggested that programs offering investment plans having DNIs higher than around 2% might be handicapped when it comes to long-term survival.  Well, Plan #2 is certainly in this category and, for all the reasons I gave above, it is apt to be the most popular of the two investment plans.  So, the cards might be stacked against this program.  In fairness, however, it is always possible that the administrators of this program know things that we don’t know and are very confident of their ability to sustain the returns that they promise.   The investor will have to do his due diligence and try his best to make a wise and informed decision as to whether or not to invest.

Earnings Example.

Let’s use Plan #2 as an example as I believe it will be the most popular of the two BitShore investment plans.  We’ll assume a rather healthy investment of $1,000. With a daily return of 10%, it is easy to see that your daily earnings will be exactly $100 (.1 x 1.000).  So, after 10 days, you will have earned $1,000 (10 x 100) and will have broken even.  Finally, by the end of the 15-day investment plan, you will have earned a total of $1,500 (15 x 100), for a net profit of $500.  So, it is obvious that this is a very profitable investment plan.  A profit of $500 in around two weeks is fantastic!

Conclusions.

BitShore offers two very profitable investment plans.  The second plan is twice as profitable as the first and is only half as long.  With a very reasonable minimum investment, it is likely to be the more popular of the two investment plans.  Given the attractive returns offers by the BitShore investment plans, there is naturally some question about the ability of the program to survive in the long term.  This program will probably be attractive to the more adventuresome investor who is seeking high profits in the minimum length of time.  It will probably not appeal to the conservative investor seeking a long-term source of passive income.

I hope this information is helpful.

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