First Thoughts on BittAce.
BittAce just began a “Silver” listing on the EmilyNews monitor. They are a relatively new program and have been online for a little over one week now. We welcome them to our monitor!
BittAce claims to generate their revenue by means of cryptocurrency trading. According to their website, they are a “team of professional traders focusing mainly on Bitcoin and other crypto currencies trading over multiple exchanges and markets. Thanks to the extraordinary diversification of our investments, we are able to deliver steady income for our investors.”
For the online investor, BittAce offers four medium-term investment plans ranging from 24 to 45 days long. Two of the plans pay interest daily and return your investment as part of your earnings while the other two retain both your earnings and investment until the conclusion of the plan. You will remember that we often remark that investment plans of the first type are the least risky because, from the beginning, the portion of a person’s investment that is at risk (in case the program closes prematurely) is rapidly decreasing. On the other hand, plans of the second type are the riskiest because a person can lose everything if the program closes early. BittAce appears to compensate for this by offering very high interest rates in these high-risk plans. However, the rates that are offered might be SO high that it will be impossible for the company to sustain them.
We will take a closer look at the BittAce investment plans when we review the program in the next day or two. At that time, we will come up with some numbers such that we will be able to make a very logical determination of both the profitability and risk associated with this investment program. Please stand by…
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