Second Thoughts on BitAeon.
BitAeon (reviewed here) is one of two programs presently listed on the EmilyNews monitor that have what we refer to as a “Sticky” listing. For readers not familiar with what this means, programs in this category pay a monthly fee in order to insure that their listing is at the “top of the page.” Other listing categories pay a one-time fee and that’s all. This is important for the investor to know because, although nothing in the HYIP business is ever guaranteed, since programs in the “Sticky” category are investing significant amounts of money on advertising, they might be more apt to be committed to a long-term online presence. This, of course, is the type of program that an online investor is seeking. These hints as to the survivability of a program are very valuable and are what the potential investor should be looking for as he tries to decide whether or not to invest in a program.
Obviously, there are many other factors that you will want to look at when making investment decisions. In fact, when we review a new program, we take a look at what we feel are the most important factors that, again, give hints as to the survivability of a program. Chief among them are the average daily net interest rate that a program’s investment plans pay. This is the average profit that you earn from an investment plan on a daily basis over its lifetime. Ideally, you want profits that are lucrative — but not so lucrative that it is almost definite the program will close its doors very quickly. In HYIP Insights #23, we make suggestions as what might be the sensible amount of profit to be aiming at.
In the case of BitAeon, profit is a little hard to determine as they offer what we refer to as a “perpetual” investment plan. Like a conventional bank account, you make a deposit and you continue to earn interest on it “ad infinitum” — until you finally withdraw your principal. Of course, you will make a LOT more interest that you will from a conventional bank. But, to be brief, as the months go by, with BitAeon your daily profit can quickly reach 2% and ultimately peak out at around 2.5%. This is a high return that pushes the concept of sustainability to the limit. However, it is not SO high that you will immediately dismiss the program as a complete scam. As we indicated in our review of the BitAeon program, we feel that with wise management practices, it may, indeed be possible for this program to be a long-term survivor. The adventuresome investor will like this program.
It is worth noting that this program has a number of options that can make it very interesting to the online investor. On one hand, since it is a “perpetual” program, you can make an investment and continue to receive interest from it until, ultimately, the program closes; invest it and forget it. An unusual feature of this program is that, although the investment plan is perpetual, just like a bank account, you can withdraw your deposit at any time (with a 10% penalty). So, the investor can get out his “crystal ball” and make a guess as to what the optimal length of time for an investment will be — and then withdraw his money and go home. Needless to say, it is VERY hard to do this exactly right. Still another option is compounding. BitAeon will do this automatically — at any percentage you desire — or you can do it yourself by reinvesting some or all of your earnings. This is a controversial topic among experienced investors. A popular point of view — but by no means the only one — is to withdraw all of your earnings until you break even. This would only take 39 days in the case of BitAeon. Then, compound half or some other percent of your earnings after that. IF (a very big “IF”!) the program is a long-term survivor, you can make a LOT of money in this manner. However, if it closes prematurely, you lose more. It’s the same old HYIP dilemma: bigger profits come with bigger risks.
I hope this information is helpful to you…
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