This program is now CLOSED! Do not invest there!
Based in Hong Kong, AltCoiner has been online for just about one month now. The English version of the website is exceptionally well done. The use of the English language is very good and explanations are clear and easy to understand. This differs from many HYIP websites where the reader has to struggle to understand how the program works (read an HYIP Insights article about this problem here). To make it very simple for the beginner to get started with the program, there is a wonderful guide that takes you through the registration process step by step. It would be hard to get lost if you follow this guide. In addition to the well-written narrative sections of the website, there is an extensive FAQ page. This repeats some of what is covered in the narrative and also clarifies details that might not have been addressed.
As the name of the program might imply, AltCoiner deals with the trading of alternate digital currencies or “altcoins.” An altcoin is anything besides Bitcoin. Examples might be LiteCoin and Ethereum. Apparently, since altcoins are a very new and changing method of transmitting funds, their value is quite volatile and trading them requires considerable skill and experience. The folks at AltCoiner claim to have the required background to enable them to navigate these difficult waters. This program is a way for them to generate additional funds by means of which they hope to further increase their profits — both to their benefit as well as to the benefit of potential investors. For the interested person, the AltCoiner website has an elaborate write-up on strategies that can be employed by traders of altcoins. Reading through it, one can easily see that this business is best left to the experts…
AltCoiner enables you to invest your Bitcoins in the trading of altcoins. So, all the accounting in the website is in Bitcoin. In the past, I have always converted Bitcoins to a dollar equivalent both for my own convenience as well as for the convenience of those who cannot yet “think in Bitcoin.” However, this time around, since everything in this website revolves around digital currencies, including the means of depositing and withdrawing funds, I think the time has come to leave everything in terms of Bitcoin. For those of you who may still be new to digital currencies, right now, one Bitcoin is roughly equal to $1,250.
With this as an introduction, let’s discuss the AltCoiner investment plans. There are four of them. However, they are tied together in a very neat way so that, in effect, there is really only one plan. But, let’s start with the four of them and discuss the relationship later. All of them are what I refer to as “perpetual” plans in that, once you make a deposit, there is no “term of investment” associated with it. It remains active and earning interest for you until the company closes its doors or until you withdraw it. The ability to withdraw your deposit is a very nice feature. The majority of other “perpetual” investment plans don’t permit you to withdraw your principal or, if they do, they charge a very severe penalty. One such plan that is active now charges 50%! Quite excessive and the message is clear that they want to hang onto your funds to the bitter end. In contrast, AltCoiner only charges a penalty of 5%. Considering that they pay daily interests in excess of 3%, this penalty is almost negligible. The only hang-up is that it will take five days for you to get your withdrawal back. But, assuming the program is operated in an honest manner, this shouldn’t be a cause for concern.
All of the four investment plans posts interest earnings on an hourly basis. Personally, I don’t feel this is necessary; daily would seem to frequent enough. However, I guess that, if this is done automatically, it’s no extra work for the company. And, there are surely some investors that would like this feature, although I can’t imagine anyone making withdrawals every hour on the hour.
Here’s a summary of the four AltCoiner investment plans:
XMR
Min. deposit = 0.01 BTC
Max. deposit = 3.99 BTC
Hourly profit = 0.14 %
Daily profit = 3.36 %
DASH
Min. deposit = 4.00 BTC
Max. deposit = 19.99 BTC
Hourly profit = 0.15 %
Daily profit = 3.6 %
ETH
Min. deposit = 20.00 BTC
Max. deposit = 49.99 BTC
Hourly profit = 0.18 %
Daily profit = 4.32 %
ZEC
Min. deposit = 50.00 BTCɃ
Max. deposit = Unlimited
Hourly profit = 0.21 %
Daily profit = 5.04 %
It is worth noting that probably only the first investment plan will be within the reach of most HYIP investors. The second or DASH plan requires a minimum investment of 4 BTC, around $5,000. That’s quite a lot. The investment levels for the third and fourth investment plans are extremely high.
The neatest thing about the AltCoiner investment plans is that they “merge” into one another. For example, if I make an initial deposit of 3.00 BTC, that would place me in the XMR plan. If, a few weeks later, I decide to deposit another 3.00 BTC, rather than a new deposit being opened for me in the XMR plan, my two deposits would automatically be added together and I would move up to the DASH plan where I would benefit from the higher interest rate. So, in reality, there is only a single investment plan with an interest rate that is keyed to the size of your investment. Again, I think this is a good system. It encourages investors to keep on investing in the company and rewards them handsomely for doing so.
The AltCoiner website has a feature that enables an investor to automatically reinvest a portion of his interest earnings. You can chose anywhere from zero to 100%. This compounding is a great way to grow your principal exponentially. Some people will invest a modest amount and let it compound for a few months. Then, they will begin to withdraw their earnings on a much greater principal than they started with. As we will see when we work some numerical examples, with the relatively high interest rates paid by AltCoiner, your principal can double in a month or so. So, if you can bear the suspense of having your money tied up for a month or two before seeing any cold hard cash, this is a potentially lucrative way to make a lot of money. Of course, this is the dilemma with any HYIP. There is always the hard choice of trying to get your principal back ASAP or letting it grow in order for you to make even more money later on. All this depends on how well you assess the ability of a HYIP to survive in the long term. We wrote an article in HYIP Insights recently about this very subject. You can read it here.
OK, let’s work an example to put some numbers on all this. I’ll keep it very simple and will assume a deposit of 2 BTC. That will put us in the XMR investment plan with an hourly interest rate of 0.14% or daily rate of 3.36%. It’s obvious, I guess, but, since there are 24 hours in a day, the daily rate is simply 24 times the hourly rate. To make our work a tad simpler, I’ll refer to the daily rate. Assuming a month to be 30 days long, your interest earnings for the month would be 100.8% (30 x 3.36). In other words, you would essentially double your money in the 30 day period. For this example of a 2 BTC investment, you would have earned 2.016 BTC (2 x 1.008) in interest. And, of course, your investment of 2 BTC remains with the company to earn you an additional 2.016 BTC every month until the company finally closes their doors.
Taking the “merge” and compounding features into account, there are an infinity of investment scenarios that could take place. I would strongly recommend that a potential investor with AltCoiner spend some time messing around with the calculator on the home page of the website. You can set different investment amounts and compounding rates and instantly determine your future earnings. This is a great help in the decision making process. It is admirable that AltCoiner recommends that investors begin with a small deposit so that they can learn how the process works. Most HYIPs go for broke and try to entice a person to invest as much as he can bear.
As already indicated, all transactions with AltCoiner are in Bitcoin. The minimum deposit is 0.01 BTC, somewhat more than $10. The minimum withdrawal is 0.001 BTC, somewhat more than 10 cents. Transactions are instant as far as AltCoiner is concerned. However, you have to keep in mind that the Bitcoin verification process might take up to 24 hours. Usually it is much faster.
Although it only applies to people that you directly refer to the program (the first level of your downline), AltCoiner has a decent affiliate program. For those with no investment, it pays you a 3% commission on the deposits of people that you refer. For people with an active deposit, the commission depends on the investment plan that you are in (the size of your investment). Here are the rates:
XMR – 6%
DASH – 7%
ETH – 8%
ZEC – 10%
Support from AltCoiner appears to be excellent. There are the standard support form and email address as well as live chat. There is also the opportunity to get help on social media. So, at least theoretically, a newbie to online investing should have plenty of help available to him. However, it is worth repeating that the website narrative is very complete and easy to read and the FAQ repeat in summary form much of the narrative and also appears to fill in any details that might have been missing. So, if the program is working as advertised, there should be little need for assistance.
In summary, you might want to consider adding AltCoiner to your investment portfolio. It is a potentially lucrative program that is presented very well. However, always remember that all HYIPs are risky investments. The more lucrative ones such as this might even be more so. In short, be cautious and do your homework before making an investment. And, always strive to develop a diverse investment portfolio in case one or more of your investment vehicles fails. Good Luck!
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To the Admin: We always welcome comments on our reviews — pro or con — and we will be happy to publish them in the Emily News blog.
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Please don’t forget that you can post your screenshots of payment, scam, or other proofs related to a program by clicking on the “Details” button in the Emily News monitor. Also, don’t forget that you can add your referral link when you post your proofs — another way to build your downline.
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