{"id":2422,"date":"2017-11-15T04:15:50","date_gmt":"2017-11-15T04:15:50","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=2422"},"modified":"2017-12-30T16:38:25","modified_gmt":"2017-12-30T16:38:25","slug":"bitwaves-review","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=2422","title":{"rendered":"BitWaves — Review"},"content":{"rendered":"

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

Introduction.<\/strong><\/p>\n

We just published a \u201cFirst Thoughts\u201d article about BitWaves<\/a> a few days ago.\u00a0 The purpose of these First Thoughts articles is twofold.\u00a0 First, they alert you to the fact that we have added a new investment program to the Emily News<\/em> monitor.\u00a0 Second, they provide a very brief introduction to the program.\u00a0 Usually, I will try to cover two things: a discussion of the activities of the company (where the money comes from that it will pay to its investors) and a thumbnail sketch of the program\u2019s investment plans.\u00a0 After reading a First Thoughts article, you should have a general idea what a program is about and what the investment possibilities are.\u00a0 In other words, it is an overview of the program.<\/p>\n

When writing a review of a program, it\u2019s helpful to the reader if everything is in one place.\u00a0 With that thought in mind, I always try to include a brief introduction to the program.\u00a0 Well, as I just indicated, this is what I do in the First Thoughts articles.\u00a0 So, from now on, what I think I will do when I start a review article is to simply repeat most, if not all, of what I wrote in the First Thoughts.\u00a0 I hope this approach will be helpful to you rather than boring and repetitive.<\/p>\n

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

So, here is a good part of what was in the First Thoughts article about BitWaves\u2026<\/p>\n

According to their website, \u201cBitWaves Financial Limited<\/a> is officially registered in United Kingdom and its registration number is 10993176. BitWaves Financial Limited<\/a> is a leading online investment platform involved in mining & trading of the most popular cryptocurrencies & forex trading.\u201d\u00a0 They are one of a number of companies that we have listed lately that are involved with BOTH the mining and trading of cryptocurrencies.\u00a0 These are two very different disciplines as I see it and it would seem to require two different teams of professional staff.\u00a0 However, if the company can handle it, diversity is a plus. \u00a0So, I won\u2019t pass judgement…<\/p>\n

BitWaves<\/a> offers two different investment plans.\u00a0 The \u201cStarter\u201d plan pays 4% daily for 40 days and requires a minimum investment of $25.\u00a0 The \u201cPerfect\u201d plan pays 0.3% per hour for 450 hours and requires a minimum investment of $200.\u00a0 Dividing this by 24 hours per day, this translates to a term of around 19 days.\u00a0 We have never put numbers on this; but, roughly speaking, I would call the second plan short term and the first borderline between short and medium.\u00a0 In case you haven\u2019t done the arithmetic already, 0.30% per hour translates to 7.2% per day.\u00a0 Sounds like a high interest investment plan?\u00a0 Not really because the term is so short.\u00a0 We will get into the details of all this when we do a detailed analysis of the two investment plans in a review that you can expect to see in a few days from now.<\/p><\/blockquote>\n

And, now let\u2019s talk about these two investment plans\u2026<\/p>\n

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

As I\u2019ve already indicated, the Starter Plan pays 4% daily interest for 40 days.\u00a0 This gives you a total gross return of 160% (4 x 40) by the end of the plan.\u00a0 Since your principal is included in this, your total net return is 60%.\u00a0 Dividing this by the 40-day length of the investment plan, we get an effective daily net interest (or DNI) for the plan of 1.5%.<\/p>\n

To get the number of days for the plan to break even, you divide 100% by the daily gross interest paid (4%) to get 25 days.<\/p>\n

The Perfect Plan pays 0.3% per hour for 450 hours.\u00a0 As we indicated above, let\u2019s divide this by 24 hours per day to get the number of days for the term of the program.\u00a0 This comes out to 18.75 days.\u00a0 Of course, 3% per hour is equivalent to 7.2% per day.\u00a0 So, the total gross interest paid by the program is 135% (18.75 x 7.2).\u00a0 Since your investment is included in this, you must subtract 100% to get the total net interest which will be 35%.\u00a0 Dividing this by the 18.75-day period, you get a DNI of 1.87%.<\/p>\n

Like in the Starter Plan, to get the number of days to break even, you divide 100% by the daily gross interest of 7.2% to get around 14 days — or two weeks.<\/p>\n

Let\u2019s repeat all this along with other information from the website in a table:<\/p>\n

Starter Plan<\/u>
\n4% daily for 40 days
\nMinimum deposit = $25
\nDNI = 1.5%
\nBreak even = 25 days<\/p>\n

Perfect Plan<\/u>
\n0.3% hourly for 450 hours (around 19 days)
\nMinimum Deposit = $200
\nDNI = 1.87%
\nBreak even = 14 days<\/p>\n

Looking at these numbers, there is good news.\u00a0 First, the minimum investments for both the plans are very reasonable.\u00a0 Almost everyone will be able to afford the $200 minimum for the higher interest plan if he is interested in it.\u00a0 This is very different from the practice of many HYIPs where they will offer an obscenely high interest program with an equally high minimum investment in hopes of catching an unwary \u201cbig fish.\u201d\u00a0 You can be sure that, if a \u201cfish\u201d bites, the program will quickly close and the admin will disappear with the treasury.\u00a0 But, thankfully, there is none of that nonsense here.<\/p>\n

Second, the DNIs of the two investment plans are about as high as you can go and still have the program remain viable in the long term.\u00a0 Of course, this is exactly what investors are looking for.\u00a0 A DNI of 1.87% translates to weekly profit of over 13% and 1.5% translates to 10.5%.\u00a0 In the real world, these are extremely high earnings.\u00a0 Any HYIP that offers profits greater than these is open to question.<\/p>\n

Comparing the two investment plans, if a person has the minimum investment of $200, the Perfect Plan is definitely the way to go.\u00a0 Not only is it more profitable, the plan is over and done with in only 19 days.\u00a0 If you want, you can always invest again.\u00a0 If you reinvest your original amount plus your earnings, you are compounding your earnings and can do very well — assuming the program stays around for a while\u2026<\/p>\n

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

With all this as background, it\u2019s simple to determine how much money these investment plans can earn for you.\u00a0 Let\u2019s assume an investment of $500 in the Perfect Plan and see what happens.\u00a0 At 0.3% per hour, you would have $1.50 (.003 x 500) credited to your account every hour.\u00a0 Of course, this is equivalent to daily earnings of $36 (24 x 1.5).\u00a0 After the 450 hours are up, your total gross earnings would be $675 (1.5 x 450).\u00a0 Subtracting your investment of $500, you find that you made a profit of $175 in just short of 19 days.\u00a0 Not bad at all\u2026<\/p>\n

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

BitWaves<\/a> uses the Perfect Money, Payeer, and Advanced Cash payment processors.\u00a0 Additionally, you can utilize the following cryptocurrencies: Bitcoin, Litecoin, and Ethereum.<\/p>\n

Deposits are instant with Bitcoin requiring three confirmations.\u00a0 Apparently, withdrawals are instant also.\u00a0 However, at least for Bitcoin, it would appear to me that the confirmation process must delay the transfer of funds to your Bitcoin wallet.\u00a0 But, maybe I\u2019m missing something here.<\/p>\n

BitWaves<\/a> has a satisfactory referral program that pays 6% commission on deposits in the first level of an investor\u2019s downline, 2% for the second level, and 1% for the third.\u00a0 You don’t need to have an active deposit in order to participate in the referral program.<\/p>\n

Support seems like it should be excellent.\u00a0 There is the standard contact form along with an email support address.\u00a0 In addition, there is a Skype address.\u00a0 Finally, there is a live chat feature on the website.\u00a0 That may be the best news of all.<\/p>\n

To tie all this up, BitWaves<\/a> offers two investment plans that appear to be well thought out.\u00a0 They offer good returns that are still reasonable enough such that, with wise management, the program should be able to sustain them.\u00a0 Minimum investments required for both the plans are reasonable.\u00a0 So, almost anyone can take advantage of either of them.\u00a0 Thus, for the more cautious investor, BitWaves<\/a> might be a good investment choice.\u00a0 For the investor looking for very high short-term earnings, this might not be the right program.\u00a0 In any case, if you do decide to invest with BitWaves<\/a>, be sure to make your investment a small part of a diversified portfolio; as the saying goes, \u201cdon\u2019t put all your eggs in one basket\u201d — in case it breaks!\u00a0 And, never invest more than you can afford to lose.\u00a0 Good Luck!<\/p>\n

<\/p>\n

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If one of the paying programs on our Monitor appeals to you, please support Emily News<\/em> by registering for it on our website. Thanks very very much!<\/p>\n

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This program has STOPPED paying! Do not invest there! Introduction. We just published a \u201cFirst Thoughts\u201d article about BitWaves a few days ago.\u00a0 The purpose of these First Thoughts articles is twofold.\u00a0 First, they alert … BitWaves — Review<\/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":[646,647,649,653,654,648,660,652,650,651,645],"class_list":["post-2422","post","type-post","status-publish","format-standard","hentry","category-reviews","tag-bit-waves-com","tag-bitwaves","tag-bitwaves-info","tag-bitwaves-investment-plan","tag-bitwaves-investment-program","tag-bitwaves-news","tag-bitwaves-review","tag-bitwaves-scam-or-paying","tag-bitwaves-update","tag-bitwaves-updates","tag-httpsbit-waves-comrefemilynews","exalt-entry"],"yoast_head":"\nBitWaves - Review - 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=2422\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BitWaves - Review | FAIR and FAST HYIP News | EmilyNews | EN\" \/>\n<meta property=\"og:description\" content=\"This program has STOPPED paying! 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