Minimums Now More Realistic.
Doubly (review here) just announced that, effective December 14, it has increased its minimum investment amounts. As you may recall, Doubly has three investment plans: Standard, Exclusive, and VIP. The increases apply to all three plans. Here are what the old and new minimums look like side by side:
Old
Standard .001 BTC
Exclusive .025 BTC
VIP .500 BTC
New
Standard .004 BTC
Exclusive .160 BTC
VIP 1.250 BTC
Roughly speaking, the minimums for the Standard and Exclusive investment plans have been increased by a factor of four and the minimum for the VIP plan has been doubled. These sound like huge increases. However, if you put dollar values on them, they aren’t unreasonable at all. For example, assuming that 1 BTC is worth around $4,000, the minimum for the Standard plan has been increased from $4 to $16 and the minimum for the Exclusive plan has been increased from $100 to $640. Certainly, the previous minimum of $4 for the Standard plan was so low that it was almost silly. I am sure that no one will have a problem with the new minimum of $16. For the Exclusive plan, although the new minimum will be beyond the reach of some investors, that’s the way it should be; if an investor would like to earn more, he should be prepared to risk more. That’s the way investment works. Finally, again assuming that 1 BTC is worth around $4,000, the minimum investment for the VIP plan has been increased from $2,000 to $5,000. This is high. However, the return from the VIP plan is also very high. This will limit the number of takers in this plan and, therefore, the obligation of the company to pay a high return to a great number of people. This will greatly increase the odds that the program will be a long-term survivor.
So, to sum things up, while the percent increases in the minimum investments required for the Doubly investment plans might seem high, they are actually more realistic and will probably make for a much healthier program. Let’s hope that our evaluation of these changes is correct and that Doubly does, indeed, turn out to be one of the more long-lived investment programs featured on the EmilyNews monitor.
Here’s an excerpt from the Doubly Facebook post describing this news. They were somewhat apologetic about the increases. That probably wasn’t necessary. The increases were very logical…
It’s happening again.
As planned, prices for the minimum investments will increase tomorrow again.
We want to make Doubly’s customers enjoy a certain exclusiveness and every single customer obtains highest priorities in support, advice and development.
In order to always keep these promises, in the long term, we only want to provide our services to selected people.
Quality is better than quantity.
The increase in prices will take place tomorrow, December 14, 2018.
Robert Greene,
CHIEF EXECUTIVE OFFICER
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