The Bitstil Investment Plans.
We recently published a “First Thoughts” article about Bitstil. In it we introduced the Bitstil investment plans in the following way…
Bitstil offers three plans for the online investor. All of them are 15 working days long. However, they are different TYPES of investment plans. The first pays you a daily return that includes both your interest and deposit. The second pays you a daily return that only includes your interest; your deposit is returned to you at the end of the plan. The third pays you a one-shot return at the end of the plan that includes both your interest earnings and your deposit. Minimum investment requirements vary from a minimum of $15 up to a maximum of $2,500 — which might be prohibitive for many investors. As you might expect, it looks like the more profitable plans have the higher minimum investment requirements.
Here are the complete details about the three Bitstil investment plans:
- Plan #1
- 1.7% for 15 working days
- $15 – $7,500
- Principal back
- Plan #2
- 155% after 15 working days
- $900 -$8,500
- Principal back
- Plan #3
- 11% for 15 working days
- $2,500 – $5,000
- Principal included
Analysis of the Bitstil Investment Plans.
Let’s begin by noting that 15 business days is three weeks — or 21 calendar days. Normally, we convert business days to calendar days by multiplying the number of business days by a 30/22 conversion factor. If you multiply 15 by this factor, you get 20.45 calendar days, which we would round up to 21 days. So, this is a sort of check that the conversion factor gives pretty good results.
Focusing on Plan #1, if you receive 1.7% interest per day, the total interest that you will receive in the 15 working day period would be 25.5% (.017 x 15). So, for this plan, you won’t break even until your deposit is returned to you at the end of the plan. At that time, you can say that the 25.5% becomes your total net interest for the plan. If you average this out over the 21 CALENDAR day length of the plan by dividing by 21, you get that the average daily net interest (DNI) for the plan is 1.21%.
Next, let’s look at Plan #2. This plan pays you a one-shot payment of 155% at the end of the 15 working day period. Since this includes your deposit, you must subtract 100% from it to get the total net interest that you receive from the plan, or 55%. Averaging this out over the 21 CALENDAR day length of the plan, you get a DNI of 2.62%. Obviously, since this plan doesn’t provide any return at all until it ends, this is when the plan will break even.
Finally, focusing on Plan #3, if you divide 100% by the daily return of 11%, you get that the plan will break even in 9.09 working days. Multiplying this by the 30/22 conversion factor, you get a breakeven time of around 13 CALENDAR days. Since Plan #3 pays you 11% daily for the 15 working days, the total gross interest that you will receive from the plan will be 165% (11 x 15). Subtracting 100% from this, you get a total net interest for the plan of 65%. Averaging this out over the 21 CALENDAR day length of the plan, you get a DNI of 3.10%. So, this is the most profitable of the three investment plans.
Here’s a summary of what we have found out about the three Bitstil investment plans
- Plan DNI Days to break even
- #1 1.21% 21 calendar days (end of plan)
- #2 2.62% 21 calendar days (end of plan)
- #3 3.10% 13 calendar days
We will discuss the results of this analysis in Part 2 of our review. Please stand by. Part 2 will be available in a few days. In it will try our best to point out the strong and weak points of the Bitstil investment plans and, ultimately, arrive at conclusions that might be helpful to the online investor.
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