{"id":2140,"date":"2017-10-12T03:43:50","date_gmt":"2017-10-12T03:43:50","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=2140"},"modified":"2017-10-18T11:11:44","modified_gmt":"2017-10-18T11:11:44","slug":"bitdragon-review-part-2","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=2140","title":{"rendered":"BitDragon — Review Part 2"},"content":{"rendered":"

This program has STOPPED paying! Do not invest there!<\/strong><\/p>\n

Analysis of the Investment Plans.<\/strong><\/p>\n

In Part 1<\/a> of this review, we outlined the essential features of the BitDragon<\/a> Investment plans.\u00a0 Now, let’s look at them more closely.<\/p>\n

One advantage of high interest plans such as the ones that BitDragon<\/a> offers is that they break even quickly.\u00a0 For example, the Starter plan that pays 9% daily will break even in only 12 days (100\/9) — in less than two weeks.\u00a0 After that, everything you earn is pure profit.\u00a0 Considering that the BitDragon<\/a> investment plans go on forever, a person could theoretically make a LOT of money.<\/p>\n

OK, let\u2019s do some arithmetic!\u00a0 To start with, let\u2019s assume that BitDragon<\/a> has a very short life span and closes in roughly two weeks (15 days) after a person makes his deposit.\u00a0 Averaging things out, how much profit would he have earned on a daily basis?\u00a0 This, of course, is what we refer to as daily net interest or DNI.\u00a0 Starting with his gross interest of 9% per day, his total gross interest for the 15 days would be 135% (9 x 15).\u00a0 Subtracting 100% from this to account for the fact that his initial deposit isn\u2019t being returned, his total net interest (profit) would be 35%.\u00a0 Averaging this out over the 15 day period, you come up with a DNI of 1.67%.\u00a0 This isn\u2019t too bad.<\/p>\n

To put some dollars and cents on this, suppose that you invest $200 in this plan (I\u2019m going to use dollars rather than BitCoin in this example to make the calculation more meaningful), by the end of the 15 day period, you would have made a profit of $70 (.35 x 200).\u00a0 This is quite a bit.\u00a0 The point is that, with perpetual high interest investment plans such as this, you can make a lot of money even if the program closes very quickly.<\/p>\n

<\/a><\/p>\n

But, let\u2019s be kinder to BitDragon<\/a> that this and see how these numbers would work out if the program stayed around for longer periods of time.\u00a0 Making the same calculations for these longer time periods, here\u2019s what you would come up with all the way out to a full year in the future.\u00a0 The dollar values still refer to the $200 investment.<\/p>\n

Days\u00a0\u00a0\u00a0\u00a0\u00a0 DNI %\u00a0\u00a0\u00a0 Total Profit %\u00a0\u00a0\u00a0\u00a0 Total Profit $$<\/u><\/p>\n

15\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1.67\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 35\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 70
\n30\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5.67\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 170\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 340
\n60\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7.33\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 440\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 880
\n90\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7.89\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 710\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,420
\n120\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8.17\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 980\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,960
\n150\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8.33\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,250\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,500
\n180\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8.44\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,520\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,040
\n360\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8.72\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,140\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 6,280<\/p>\n

Looking at these numbers, you can quickly see the magic of a \u201cperpetual\u201d investment plan.\u00a0 If, by some miracle, the program stayed alive for six months, your $200 investment would have yielded a profit of over $3,000.\u00a0 If it stayed alive for a full year the profit would be over $6,000!\u00a0 These numbers, of course, are \u201cthrough the roof.\u201d\u00a0 You be the judge as to whether or not they are a real possibility\u2026<\/p>\n

On top of this, BitDragon<\/a> offers the possibility of compounding your earnings.\u00a0 In case you\u2019re not familiar with how compounding works, the program permits you to have some or all of your earnings automatically added to your deposit.\u00a0 There is a pro and a con to this.\u00a0 The \u201cpro\u201d is that your daily earnings will increase along with the potential for greater total earnings later on.\u00a0 The \u201ccon\u201d is that, reinvesting a portion of your earnings increases the length of time it takes for you to break even and, therefore, increases the possibility of losing money in case the program closes more quickly than you anticipated.\u00a0 Some investors choose a middle road which is NOT to compound until they break even and, after that, to compound partially.\u00a0 This said, with such a high interest program as this, as our arithmetic shows in the preceding paragraphs, returns might be more than adequate without injecting the risks associated with compounding.\u00a0 A while back we published a detailed HYIP Insights<\/em> article about the pros and cons of compounding which you can read here<\/a>.<\/p>\n

Other Features of the Program.<\/strong><\/p>\n

Since all transactions use BitCoin, both deposits and withdrawals might be delayed by the confirmation process.\u00a0 However, processing by BitDragon<\/a> is promised to be instant.<\/p>\n

BitDragon<\/a> has a decent affiliate program that pays you 5%, 1%, and 1% of deposits made in the first three levels of your downline.\u00a0 For industrious recruiters who might be interested in the BitDragon<\/a> representative program, these percents are increased to 7%, 2% and 1%.\u00a0 There is an application procedure in order to become a Rep.\u00a0 Representatives are listed in the BitDragon website along with their contact information, languages spoken, etc. and even a link to the Rep\u2019s replicated website.\u00a0 This is a very serious representative program that could go a long way in helping Reps to grow their downline as quickly as possible.<\/p>\n

Support is by means of an email address or the standard contact form.\u00a0 These can be perfectly satisfactory if there is a quick turnaround time for response.\u00a0 There is a phone number that I think is in the UK.\u00a0 Perhaps someone living there should try it and let us know how it works.\u00a0 I\u2019m never optimistic about phone support from HYIPs.<\/p>\n

In summary, BitDragon<\/a> is a high interest program that might appeal to the more adventuresome investor.\u00a0 It is probably a rule that, the higher the earnings, the higher the risk.\u00a0 However, high earnings cut break even times way down.\u00a0 But, if a person gets into a program like this shortly after it gets off the ground, the potential for profit is always there while the risk is significantly less.\u00a0 Again, if you\u2019re adventuresome, you might want to make BitDragon<\/a> a part of a diversified investment portfolio.\u00a0 And, as we always advise, never invest more than you can afford to lose.\u00a0 Good Luck!<\/p>\n

<\/a><\/p>\n

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This program has STOPPED paying! Do not invest there! Analysis of the Investment Plans. In Part 1 of this review, we outlined the essential features of the BitDragon Investment plans.\u00a0 Now, let’s look at them … BitDragon — Review Part 2<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[539,542,547,548,550,551,546,543,544,540,541],"class_list":["post-2140","post","type-post","status-publish","format-standard","hentry","category-reviews","tag-bitdragon","tag-bitdragon-info","tag-bitdragon-investment-plan","tag-bitdragon-investment-program","tag-bitdragon-news","tag-bitdragon-review","tag-bitdragon-scam-or-paying","tag-bitdragon-update","tag-bitdragon-updates","tag-bitdragon-ltd","tag-httpsbitdragon-ltdrefemilynews","exalt-entry"],"yoast_head":"\nBitDragon - Review Part 2 - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=2140\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BitDragon - Review Part 2 | BitDragon.ltd Review | Fair and Fast HYIP News | EmilyNews | EN\" \/>\n<meta property=\"og:description\" content=\"This program has STOPPED paying! 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