Plenty-Oil Now Accepts Six Cryptocurrencies.
Plenty-Oil (reviewed here) just added LiteCoin to the list of cryptocurrencies that its investors may use when doing business with them. The complete list is now: LiteCoin, Etherium, Bitcoin, Monero, Dash, and Ripple. This is a substantial list and, if you are a fan of cryptocurrencies, one or more of these is probably on your list of favorites.
Here’s the update from Plenty-Oil announcing the addition of LiteCoin:
Plenty-Oil Company has connected a popular crypto-currency Litecoin (LTC) to its investment project for oil production.
Dear investors!
The amount of earnings in the modern world directly depends on the speed of financial flows and their security. The goal of our investment project is to obtain maximum income for investors. Therefore, for carrying out transactions by our partners, Plenty-Oil Company chooses only the best things.
We inform you that we have connected the popular crypto-currency Litecoin (LTC).
Litecoin (LTC) is among the top first digital currencies with a capitalization of over $ 6 billion.
The confirmation of transactions is almost instantaneous. All the payments are anonymous. Any transaction is hidden from prying eyes. The system works in an automatic mode and does not allow users to hack accounts in any way. The money of each investor will be in maximum safety.
Use “the digital silver” for earnings on the black gold.
Make money here and now with Plenty-Oil!
As I write this, Plenty-Oil has only been online for 11 days. In this brief period, they claim to have attracted nearly 3,000 investors who have deposited a total of nearly $200,000 into the program. This is quite a track record.
When we reviewed Plenty-Oil, you might recall that we were favorably impressed by the “order” of their investment plans and by that fact that their minimum investments should be within the reach of all serious investors. Most important, we pointed out that the interest rates the plans pay are rather high. While this means more profit for you, the investor, it will also make the program riskier from the point of view of its long-term survival.
Here are our concluding remarks from our review of the program:
Discussion.
Concerning profitability, ALL of the Plenty-Oil investment plans are VERY profitable. Even the Starter Plan paying a daily net interest of “only” 3% is highly profitable. I like to translate profit into weekly terms and 3% daily net interest comes out to 21% weekly. That’s a lot! The Professional Plan paying 5% daily net interest comes out to 35% weekly. That’s off the chart!!
Unfortunately, the other side of the coin is that programs having investment plans with DNIs in this range might have a hard time surviving in the long term owing to the burden these interest payments place on the program. In HYIP Insights #12, we suggested that programs with investment plans having DNIs higher than 2% might be at risk of early closure. Of course, we hope that this is NOT the case with Plenty-Oil. Perhaps it will be one of the very few programs that manage to survive in the long term while continuing to pay its investors very high interest rates.
The cautious investor might want to take advantage of the shorter term Plenty-Oil investment plans. It’s a new program and, even in a worst-case scenario, one would like to think that it could survive long enough for these plans to go through a full cycle.
The investment ranges for the different investment plans overlap. Let’s compare returns that you would receive making a $200 investment in each of them. Remember, of course, that your $200 will be returned to you at the end of the plan. For the Starter Plan it will be 3% of $200 or $6 (.03 x 200). Doing the same arithmetic for the other plans, you will get:
Starter Plan. $6
Easy Plan. $7
Medium Plan. $8
Professional Plan. $10Of course, it would be nicer to receive ten dollars per day rather than six. The question is, “do you want to risk your investment for 25 days rather than 5?” The answer, of course, depends on the type of investor that you are…
Conclusions.
Plenty-Oil offers four fairly high interest investment plans. So, there is the potential for higher than average earnings — along with higher than average risk. The plans DO appear to be well-thought-out and, thankfully, they do NOT offer interest rates that are obscenely high — a sure sign that a program is a very bad risk. I don’t think that much more than this can be said.
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