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News Commentary #809 – Progress Report from CoinExtender

90 Days with BTC.

CoinExtender (reviewed here) is now the longest-lived program on the EmilyNews monitor; they have been listed with us for almost exactly one-half year.  This is an accomplishment in HYIP world.  As their investment plans are only 90 days long, this implies that many of their investors have completed an earning cycle — and are undoubtedly very happy with the program.

On a monthly basis, CoinExtender reports on progress with both their DogeCoin and BitCoin investment activities.  They recently issued a “90 Day” report on BTC.  Following is the information in this recent report along with info from previous monthly reports on their BTC investment activity.

Date                            Jun 18              May 18            Apr 17

# of Days                     90                    60                    30
Total Members           3,335               2,343               1,413
Active Members         270                  156                  53
Total Deposits             5.490               2.145               0.974
Total Withdrawals       2.076               1.090               0.295

The most impressive thing about this information is that it is BELIEVABLE.  It is unfortunately true that, in the HYIP business, statistics that are given by a program are often inflated in an effort to give the potential investor an exaggerated picture of a program’s performance.  Assuming the data in the CoinExtender table are correct, it paints a picture of slow steady growth that appears to be continuing to the present time.  This, of course, is what the investor is looking for.

Here is what we said in the “Conclusions” section of our review of the CoinExtender program:

The CoinExtender program offers a total of nine investment plans.  The program recently added Bitcoin as a means of making payments/withdrawals in addition to the present Dogecoin which can be expected to increase its popularity.  All of the CoinExtender  investment plans are 90 days long and interests that are paid are modest (by HYIP standards).  This level of interest suggests that the program will have a high probability of long-term survival.  CoinExtender will probably appeal to the online investor who is seeking a moderate but stable passive income.  It will probably not appeal to the investor looking for quick profits.

So, this is a case where a program appears to be performing in exactly the way in which we predicted in our review.  That’s good to see…

TODAY (29.06.2019) UPDATE FROM PROGRAM:

Dear Community,
The farm will be moved to a new location this month.
All miners will be shut down at 00:00 Malaysian time.
We will do our best to bring the equipment to the new farm in the shortest time.
We will not accept new investment and withdrawal until complete displacement.
A number of plans have not been activated, will be active in the coming days.
Please do not worry and be patient.
Thank you for your understanding.

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