First Thoughts on BitCy.
You may have noticed that we began a “Gold” listing for BitCy on the Emily News monitor a few days ago. Our apologies for taking us this long to say anything about the program!
Before we begin, BitCy has a very nice introductory video that you can access on their website or on the Emily News monitor. Just go to the BitCy listing and click on the “Introduction” icon and it will play.
As you might guess from the name of the program, BitCy is one of the many companies nowadays that are involved with cryptocurrency trading. There appears to be two approaches to this business just as there are in Forex trading. One relies on human judgement; the other is computerized. BitCy is one of the latter and, according to their website, they “have developed and applied fully automated trading systems based on our trading experience, mathematical analysis and innovative software.” I will go along with the computerized approach. No matter how hard one tries, emotions, hunches, etc. always come into play that can lead to an incorrect decision when using your own judgement. Perhaps most important, computerization can permit you to make MANY trades in the time that a single trade would take place using your own judgement. Trades can be entered into quickly and, just as quickly, the exit can be made. It is FAST! So, if you feel this way too, you might want to take a closer look at BitCy…
BitCy offers a total of EIGHT investment plans. That’s a lot — although there certainly have been programs offering more. It seems that the company has tried hard to offer different types of plans in an effort to appeal to different personality types of investors. For example, two of the plans pay daily interest on a calendar day basis and return your principal at the end of the plan. One pays hourly interest and also returns your principal at the end of the plan. The other five are based on business days and pay your earnings at the conclusion of the plan (with your principal included as part of them). The minimum and maximum investments are all given in Bitcoin — which is perfectly OK. Unfortunately, half of the investment plans have minimum investments of one or more Bitcoins and will probably be out of the reach of most investors. If you take a quick look at the investment plans, one should stand out. It offers an astounding 7,000% interest after 100 business days. That’s 70 TIMES your initial investment. Is that really possible?
So, there will be a LOT to talk about when we review this program and take an in-depth look at these investment plans. Please look for a detailed review from us in a few days…
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