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And Cancels One Old One.

BitShore (reviewed here) just announced that they have added two new investment plans and cancelled one existing plan.  To put things in perspective, here are what the existing plans look like:

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

Plan #2
10% daily for 15 days
0.01 – 0.5 BTC

Here are the new plans:

Plan #1A
10% daily for 15 days
.001 – .02 BTC

Plan #2A
15% daily for 10 days
.021 – .05 BTC

So, you can see that old Plan #1, the 5% plan, is gone.  Old Plan #2 has become new Plan #1A with a much lower minimum investment requirement; so, it is a revised plan rather than a new one.  New Plan #2A is brand-new.  If you look at the two new plans, the one thing that stands out is that the emphasis in on shorter-term investment plans.

I’ll spare you the arithmetic that we usually go through in a formal program review.  However, let me indicate what we would discover if we analyzed these new investment plans:

Plan                 DNI                  Days to break even

#1A                  3.33%              10 days
#2A                  5%                   7 days

You can see that the DNI (average daily net interest) that you will earn from Plan #2A is quite high.  Of course, it’s always nice to earn a lot of money.  However, the investor always should be concerned that a program might be offering returns that it cannot sustain in the long term.  In general, we at Emily News have set a DNI of 2% as the borderline value for where the risk of program sustainability can begin to become significant (please see HYIP Insights #12 for a discussion of this).  However, this is our OPINION.  We might be very wrong and BitShore could turn out to be a very long-lived program.  The point might be that the potential investor should perhaps be a bit more cautious than he would be when investing in a lower-interest program.

Since the two investment plans are now fairly short-term and they pay a high daily interest, they break even very quickly — in only one week in the case of Plan #2A.  This is an attractive feature of the two new plans.  Also, the minimum investments that are required for the two plans are very reasonable.  Even Plan #2A, the more lucrative plan, only requires an investment of .02 BTC (around $200 right now).

So, if you are a fan of short-term high-interest investment plans, you will like the new investment plans that BitShore now offers.  If, on the other hand, you favor longer-term lower-interest plans, you will probably miss the 5% plan that was cancelled!

Good Luck!

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