This program is now CLOSED! Do not invest there!
Biksbit LTD apparently is a well-established company that that “extracts, processes and sells its production in the form of precious stones both to the representatives of the jewelry industry, and to the industrial representatives of various industries.” They claim that the “industrial use of gemstones, rubies in particular, is a far more beneficial way of earning income for Biksbit.” For purposes of attracting private investment, the company incorporated in Great Britain in March of 2016 and went online at that time. However, it is only recently that the company has actively been promoting its investment programs.
Biksbit has located its gemstone processing plants in Baotou, Inner Mongolia, China “where there are minimum prices for electricity and favorable conditions for business activities.” The company is now conducting expensive explorations seeking additional deposits of precious stones. Some of this work is taking place in Greenland where deposits of rubies and associated stones are being investigated. Additional explorations are taking place in Sierra Leone where diamond deposits are located as well as in Sri Lanka. These are long-term projects designed to provide reliable income for the company for decades to come. However, in order to help support this exploratory work, Biksbit is seeking funds from investors worldwide. Due to the lucrative nature of the gemstone business, they are able to offer high profits to their investors. Their website is dedicated to this effort to attract investors.
Biksbit offers eight investment plans. There is truly something for everyone. Some return your principal at the end of the investment term while others return it along with your interest earnings. Some pay interest on a daily basis while others hold all interest till the end of the investment term. To simplify matters somewhat, I am going to break the investment plans into two categories: those that pay interest on calendar days and give you your principal back at the end of the investment term and those that calculate interest on business days and include your principal along with interest earnings as a single payment at the end of the investment term.
Here is a listing of the plans:
***Calendar Days (principal back)
Pro
2.16% for 25 days
$10 – $600
Does not break even.
Net profit = 54%
Emerald
2.36% for 45 days
$2,000 – $40,000
Breaks even in 43 days.
Net profit = 106.2%
Sapphire
2.80% for 65 days
$1,000 – $50,000
Breaks even in 36 days.
Net profit = 182%
***Business days (principal included)
Grandidier
450% after 18 days
$5,000 – $50,000
Ruby
300% after 30 days
$1,000 – $50,000
Red Diamond
1,100% after 37 days
$2,500 – $40,000
Diamond
700% after 60 days
$750 – $40,000
Imperial
1,600% after 90 days
$500 – $30,000
Let’s begin by taking a look at the first three plans that pay you your interest earnings on a daily basis and then return your principal as a lump sum at the end of the investment term. I’ll use the first plan, the PRO plan, as an example as that is probably the plan that the typical HYIP investor is most likely to choose. First of all, since the plan pays 2.16% interest per day, your total net interest earnings for the investment term of 25 days will be 54% (2.16 x 25). Since you aren’t making 100% of your investment, you don’t break even during the investment period. You will have to wait till you get your principal back on day 25 at which time your total return from the plan will be 154% (your net interest earnings plus your principal back). As a numerical example, if you had invested $500, your daily interest earnings would be $10.80 (500 x .0216) and your total net interest earnings would be $270 (10.80 x 25). At the end of the investment term you would get your $500 investment back for a total gross return of $770 (270 + 500 or 1.54 x 500).
Taking a quick look at the next plan up, the 2.36%, 45 day, Emerald plan, you can see that this plan will break even during the investment period after 43 days (100/2.36). Your total net interest earnings for this plan will be 106.2%. And, after your principal is returned at the end of the plan, your gross return will be 206.2%.
These plans are a bit tricky. Since the third plan, the Sapphire plan, has a lower starting investment limit and a higher interest rate, it might be tempting to use this plan. However, since its investment term is 20 days longer than the Emerald plan, you have to wait this much longer to get your principal back. So, although the percent yield is significantly better, your funds are at risk for 20 days longer. This is the classic dilemma with HYIPs. You are always given a carrot — an incentive — to invest in a higher interest program that carries a higher risk. If the program survives till the end of the investment term, you are a winner. If not, you could lose a significant amount of money.
The next five plans are all based on business days and none of them return any of your earnings until the end of the investment term. This is important to remember when figuring out how long your money will be tied up with an investment plan. Assuming an average of 22 business days per 30 day month, it will take the 90 business day Imperial plan just about FOUR months to end. So, you will have to wait this long in order to receive even a penny from this plan. Very few HYIPs survive this long. Of course, we would like to think that Biksbit will still be around in four months. But, if it turns out to be a typical program, this would be an extremely risky plan to invest in. Of course, the Imperial plan promises to pay you an astounding 1,600% after the 90 business day period. How’s that for a carrot?
On the other end of the spectrum is the Grandidier plan that pays you 450% after only 18 business days — almost a month. Let’s call this 82% (18/22) of a month. So, on a calendar day basis, you would be earning this 450% in roughly 25 (.82 x 30) days. This is gross earnings since your principal is included in it. Subtracting 100%, you have your net earnings of 350% in this 25 day period. On a daily calendar basis, this is equivalent to around 16% (350/25)! This is an astounding daily rate of return. Compare this to the PRO plan that only pays 2.16% per calendar day. One wonders what is going on. The catch is that the Grandidier plan requires a minimum investment of $5,000. Again it is the classical HYIP decision. Is it worth risking a large sum of money in order to possibly make such a large profit?
I’m not going to do any more arithmetic on the Biksbit program. Clearly, with so many different investment plans, there are countless possibilities. Think carefully about their pros and cons before making a decision of which plan to use and how much to invest. Perhaps you might even want to go through some arithmetic like I just did in order to help you decide what to do.
Biksbit has a very good selection of payment processors that you can use. At present, it includes: Payeer, Perfect Money, Bitcoin, Payza, and AdvancedCash. The minimum deposit that you can make is $10 and the minimum withdrawal is $1. These are pretty much the industry standards. Withdrawals are promised within 36 hours but, typically, are handled much more quickly than that. I think it’s a good idea for a company to give themselves some slack in this regard. There may be very legitimate reasons why a company cannot process withdrawals as quickly as they would like. A few days grace can give them time to work out issues that may be delaying the withdrawal process.
Biksbit has a very respectable affiliate program that pays commission on deposits made by your downline for four levels below you rather than the usual three. So, for the aggressive recruiter, there is considerable opportunity for sizable affiliate commissions. On top of this, Biksbit recently announced that the minimum deposit required to participate in their representative program has been decreased to a very affordable $100 (see our news commentary about this here). There appears to be no additional referral commission for reps. However, reps can have their contact information listed on the BiksBit website. This could be a great help in attracting new sign-ups to the program as many investors will appreciate the opportunity to deal personally with their upline sponsor.
Support from Biksbit is very good. Most important, there is live chat. This is always the preferred contact method as it can enable the investor to get his questions answered immediately. I’m not sure what the hours of live chat feature are. For starters, it is probably safe to assume that it’s open during business hours in the UK. Anything more than that, I would regard as a nice bonus. There is also an email address and the standard contact form. Finally, there is a UK phone number that residents of that country might want to try. I wouldn’t be too optimistic about getting a live answer. But, who knows? You might be pleasantly surprised…
Biksbit is an interesting company that offers a large variety of investment plans. There is truly something for everyone. Some of the plans are more suited to the conservative investor while others have the potential for very high returns, albeit with a high level of risk. So, you might want to consider adding Biksbit to your investment portfolio. As always, we advise that you also invest in other programs and “don’t place all your eggs in one basket.” And, of course, never invest more than you can afford to lose. 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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