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News Commentary #222 — Increased Transaction Fees for BitCoin.

News Update from BitWave Tells about Increased Fees for BitCoin Transactions.

We just received an update from BitWaves (reviewed here) that will affect Bitcoin transactions with ANY HYIP.  This is a 350% increase (from 0.0002 BTC to 0.0007 BTC) in the network fee for Bitcoin transactions.  The new fee translates to around $5, which is very significant.  It will no longer make sense to withdraw the equivalent of even $10 in Bitcoin.  Who wants to lose have their earnings in fees?  So, remember this both when depositing as well as when withdrawing in Bitcoin.  Save your withdrawal requests till you have a significant amount to withdraw.  I’m sure that this new procedure will drastically reduce the volume of Bitcoin transactions because, at least in the HYIP industry, most withdrawals are quite small — rarely over $100.  Our thanks to BitWaves for bringing this important news to our attention.

Following is the update from BitWaves

Revision to Transaction Fee of BITCOIN

This is to inform you that due to the growing volume in blockchain transactions of BITCOIN has pushed to all BITCOIN wallet increase the network fee from 0.0002 BTC to 0.0007 BTC per transaction, that is why BITCOIN minimum withdrawal amount 11$ from now.

https://www.coinpayments.net/help-fees

If you cannot afford the BTC fee so you can make a withdraw weekly or you can invest by ETHEREUM, LITECOIN, ADVCASH or other payment gateway, their fees are low.

And if you share your payment proof on our Facebook group, then we will be very happy !

Your feedback is very highly appreciated!!

Stay with us, Click the link below to Join Facebook Official Group:
https://www.facebook.com/groups/bitwavesfinancialgroup

If you have any questions, please contact our customer service support! We will reply as soon as possible.

SKYPE ID:- bitwavesfinancial
SUPPORT MAIL:- support@bit-waves.com
Thank You For Choosing Bit Waves!
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Yours sincerely,
Bit Waves – Ride the Profit Wave

In case you’ve forgotten about BitWaves, they have a nicely done introductory video on their website.  You can also access the video in the Emily News monitor listing for Bitwaves by clicking the “Introduction” icon there.

Our review of BitWaves was a favorable one.  Following are the comments we made on the two investment plans offered by BitWaves.  You might recall that they were called the “Starter Plan” and the “Perfect Plan.”

Let’s repeat all this along with other information from the website in a table:

Starter Plan
4% daily for 40 days
Minimum deposit = $25
DNI = 1.5%
Break even = 25 days

Perfect Plan
0.3% hourly for 450 hours (around 19 days)
Minimum Deposit = $200
DNI = 1.87%
Break even = 14 days

Looking at these numbers, there is good news.  First, the minimum investments for both the plans are very reasonable.  Almost everyone will be able to afford the $200 minimum for the higher interest plan if he is interested in it.  This is very different from the practice of many HYIPs where they will offer an obscenely high interest program with an equally high minimum investment in hopes of catching an unwary “big fish.”  You can be sure that, if a “fish” bites, the program will quickly close and the admin will disappear with the treasury.  But, thankfully, there is none of that nonsense here.

Second, the DNIs of the two investment plans are about as high as you can go and still have the program remain viable in the long term.  Of course, this is exactly what investors are looking for.  A DNI of 1.87% translates to weekly profit of over 13% and 1.5% translates to 10.5%.  In the real world, these are extremely high earnings.  Any HYIP that offers profits greater than these is open to question.

Comparing the two investment plans, if a person has the minimum investment of $200, the Perfect Plan is definitely the way to go.  Not only is it more profitable, the plan is over and done with in only 19 days.  If you want, you can always invest again.  If you reinvest your original amount plus your earnings, you are compounding your earnings and can do very well — assuming the program stays around for a while…

Finally, we tied up our review with the following closing remarks:

To tie all this up, BitWaves offers two investment plans that appear to be well thought out.  They offer good returns that are still reasonable enough such that, with wise management, the program should be able to sustain them.  Minimum investments required for both the plans are reasonable.  So, almost anyone can take advantage of either of them.  Thus, for the more cautious investor, BitWaves might be a good investment choice.  For the investor looking for very high short-term earnings, this might not be the right program.  In any case, if you do decide to invest with BitWaves, be sure to make your investment a small part of a diversified portfolio; as the saying goes, “don’t put all your eggs in one basket” — in case it breaks!  And, never invest more than you can afford to lose.  Good Luck!

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