{"id":2443,"date":"2017-11-17T03:56:24","date_gmt":"2017-11-17T03:56:24","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=2443"},"modified":"2017-12-30T16:38:06","modified_gmt":"2017-12-30T16:38:06","slug":"bitcy-review-part-1","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=2443","title":{"rendered":"BitCy — Review Part 1"},"content":{"rendered":"

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

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

A few days ago, we published a \u201cFirst Thoughts\u201d article on BitCy<\/a>.\u00a0 In it we talked a little about the BitCy <\/a>company and provided a very brief overview of its investment plans.\u00a0 For your information, I have reprinted this information below.<\/p>\n

As you might guess from the name of the program, BitCy <\/a>is one of the many companies nowadays that are involved with cryptocurrency trading.\u00a0 There appears to be two approaches to this business just as there are in Forex trading.\u00a0 One relies on human judgement; the other is computerized.\u00a0 BitCy <\/a>is one of the latter and, according to their website, they \u201chave developed and applied fully automated trading systems based on our trading experience, mathematical analysis and innovative software.\u201d\u00a0 I will go along with the computerized approach.\u00a0 No matter how hard one tries, emotions, hunches, etc. always come into play that can lead to an incorrect decision when using your own judgement.\u00a0 Perhaps most important, computerization can permit you to make MANY trades in the time that a single trade would take place using your own judgement.\u00a0 Trades can be entered into quickly and, just as quickly, the exit can be made.\u00a0 It is FAST!\u00a0 So, if you feel this way too, you might want to take a closer look at BitCy<\/a>…<\/p>\n

BitCy <\/a>offers a total of EIGHT investment plans.\u00a0 That\u2019s a lot — although there certainly have been programs offering more.\u00a0 It seems that the company has tried hard to offer different types of plans in an effort to appeal to different personality types of investors.\u00a0 For example, two of the plans pay daily interest on a calendar day basis and return your principal at the end of the plan.\u00a0 One pays hourly interest and also returns your principal at the end of the plan.\u00a0 The other five are based on business days and pay your earnings at the conclusion of the plan (with your principal included as part of them).\u00a0 The minimum and maximum investments are all given in Bitcoin — which is perfectly OK.\u00a0 Unfortunately, half of the investment plans have minimum investments of one or more Bitcoins and will probably be out of the reach of most investors.\u00a0 If you take a quick look at the investment plans, one should stand out.\u00a0 It offers an astounding 7,000% interest after 100 business days.\u00a0 That\u2019s 70 TIMES your initial investment.\u00a0 Is that really possible?<\/p><\/blockquote>\n

Now let\u2019s take a closer look at the BitCy <\/a>investment plans\u2026<\/p>\n

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

Analysis of Investment Plans — Part 1.<\/strong><\/p>\n

The first three of the eight investment plans fall into one group as they all return your investment at the end of the plan.\u00a0 They also pay interest on a calendar day basis.\u00a0 The third of these plans is a bit of an oddball as it pays interest on an hourly basis rather than daily.\u00a0 I can see no use to that at all.\u00a0 Hence, let\u2019s first of all convert the information on that plan — the \u201cUltimate\u201d plan — to days.\u00a0 The interest rate that is given is 0.13% per hour.\u00a0 Multiplying this by 24, you get the interest paid per day which is 3.12%.\u00a0 The investment term is 1440 hours.\u00a0 Dividing this by 24, you get the number of days which is 60 days.\u00a0 With these changes, here is the summary information for these three plans as given in the website:<\/p>\n

Casual<\/u>
\n2.3%\/day for 15 days
\n0.0050 \u2013 0.2500 BTC<\/p>\n

Optimal<\/u>
\n2.6% per day for 25 days
\n0.2500 \u2013 2.500 BTC<\/p>\n

Ultimate<\/u>
\n3.12% for 60 days
\n2.500 \u2013 25.00 BTC<\/p>\n

As indicated in the introduction, not too many of the BitCy <\/a>investment plans will be within the reach of the typical online investor.\u00a0 In this group of three plans, the first one is certainly OK.\u00a0 The second might be doable for a few investors.\u00a0 Remember that, at least right now, one Bitcoin equals around $7,000.\u00a0 So, a quarter Bitcoin is well over $1,000.\u00a0 Not too many HYIP investors will put this much into one program.\u00a0 The third plan with a minimum investment of well over $15,000 will probably not be used at all.<\/p>\n

Next let\u2019s quickly check how long it takes the investment plans to break even.\u00a0 You do this by dividing 100% by the percent interest paid daily.\u00a0 For the first plan you get around 44 days (100\/2.3).\u00a0 Since the plan is only 15 days long, you will not break even until the end of the plan when your investment is returned.\u00a0 Similarly, for the second plan you would calculate that it breaks even in 39 days (100\/2.6) which is still longer than the investment term.\u00a0 In the third plan, however, you would break even in around 32 days (100\/3.12) which occurs before the end of the investment term.\u00a0 So, in that case, you will be making pure profit from day 33 to day 60, after which your investment will also be returned.\u00a0 Unfortunately, as we already indicated, the minimum investment for that plan is so high that probably no one will use the plan.\u00a0 The important point in this analysis is that, for the first two plans, you won\u2019t be in profit until your investment is returned at the end of the plan.<\/p>\n

In all of these plans, since your principal is returned at the end of the investment term, your daily earnings can be considered as net interest or pure profit IF the program survives till the end of the investment term.\u00a0 Let\u2019s assume that this is the case, which implies that these interest earnings are your daily net interest or DNI for each of the investment plans.\u00a0 In the article in HYIP Insights #12<\/em> (that you can read here<\/a>) we suggested that programs offering investment plans with DNIs higher than 2% might not have a very good chance for long term survivability.\u00a0 Remember that 2% profit per day amounts to nearly 15% profit per week.\u00a0 That\u2019s quite a lot — even in the HYIP business.\u00a0 The lowest DNI for these three programs is in the \u201cCasual\u201d plan and is 2.3%.\u00a0 This is only slightly above the suggested limit of 2% and I suppose that a plan with this level of interest could be a survivor IF other plans offered by the program offer reasonable rates.\u00a0 Well, the two other plans in this group offer higher rates which, from the point of view of overall survivability of the program, is not good news.\u00a0 The only saving factor is that the minimum investments for these two plans are quite high which will minimize the number of customers for which BitCy will have the obligation to pay high earnings to.<\/p>\n

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

Next let\u2019s take a look at the fourth plan offered by BitCy<\/a>, the \u201cPremium\u201d plan.\u00a0 This plan is truly in a class by itself as we shall soon see.\u00a0 This plan, along with the remainder of the investment plans from BitCy <\/a>all return your investment as a part of your earnings and all give the investment term in business days rather than calendar days.\u00a0 Finally, they all pay your earnings at the END of the investment term.\u00a0 So, you must wait till an investment plan is over before you receive anything from any of these five plans.\u00a0 In the HYIP world where programs can come and go in a week or two, this makes all of these plans very risky business — unless their term is very short.<\/p>\n

As a note, there seems to be no reason for ending the last five plans in the program plans on the basis of the number of business days that have elapsed.\u00a0 If earnings were being paid on a day by day basis, it might make sense to do this.\u00a0 However, since all your earnings are paid at the end of the investment term, there is no logic to it at all.\u00a0 The only reason I can come up with is that, by giving the number of business days, it obscures the fact that the corresponding number of calendar days (which is when you receive your money!) is much much more.\u00a0 So, the first thing we will do for the Premium plan is to determine how many calendar days you will have to wait before you receive your earnings.<\/p>\n

Here is the information given on the website for the Premium plan:<\/p>\n

Premium<\/u>
\n7,000% after 100 business days
\n0.0500 \u2013 5.000 BTC<\/p>\n

There are roughly 22 business days in a month.\u00a0 Therefore, 100 business days is roughly equal to 4.55 months (100\/22).\u00a0 Then, taking a month to be 30 days long, the number of calendar days in this investment plan will be around 136 days (4.55 x 30). \u00a0Four and a half months is a VERY long time in the HYIP game!<\/p>\n

But, let\u2019s continue our analysis of this investment plan.\u00a0 Since your deposit is included in your return, you must subtract 100% from the gross return of 7,000% to get a total net return of 6,900%.\u00a0 Distributing this over the 136-day investment term, you come up with an effective daily net interest (DNI) of 51%.\u00a0 Of course, compared to the 2% that we recommend as being a sustainable return, 51% is WAY off the chart.\u00a0 To put this into simple understandable terms, this means that, if, for example, you invest $2,000 in this plan, you will receive around 50% (half) of this — $1,000 — in interest every day for the next 136 days.\u00a0 The catch is that ALL these earnings are saved for you and given to you as a lump sum at the END of the 136-day period.\u00a0 My bet is that the program will close long before the 136 days are up.\u00a0 However, I would love to have the folks at BitCy <\/a>prove me wrong on this.<\/p>\n

In HYIP Insights #14<\/em> (you can read it here<\/a>) we discussed this type of investment plan.\u00a0 The point of the article is that the plan is a trick to attract investors by means of a high interest rate.\u00a0 Then the long term for the plan gives the project admin time to close the program and run away with the treasury before he pays any earnings to these unwary investors.\u00a0 I really hate to see this type of investment plan.\u00a0 My sincere recommendation would be that\u00a0BitCy <\/a>should change it to bring it into the world of feasibility.<\/p>\n

It is worth noting that the minimum investment for this plan is probably doable for a decent number of HYIP investors.\u00a0 0.0500 BTC translates to between $300 and $400.\u00a0 This should be feasible for the \u201cserious\u201d investor.<\/p>\n

Well, this is enough for now.\u00a0 In Part 2 of this review<\/a>, we\u2019ll take a look at the second four investment plans offered by BitCy<\/a>.\u00a0 Stay tuned!<\/p>\n

*********************************<\/p>\n

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

*********************************<\/p>\n

Be the first to get most important HYIP news everyday!
\nSimply Follow EN Facebook<\/strong><\/a>, EN Telegram<\/strong><\/a>, EN Twitter<\/strong><\/a>
\nor Subscribe to EN Feedburner<\/a><\/strong> and submit your email address!<\/p>\n

If you like this article, please share it by using the social media buttons below.<\/p>\n","protected":false},"excerpt":{"rendered":"

This program has STOPPED paying! Do not invest there! Introduction. A few days ago, we published a \u201cFirst Thoughts\u201d article on BitCy.\u00a0 In it we talked a little about the BitCy company and provided a … BitCy — Review Part 1<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":2452,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[661,670,665,666,669,674,664,662,663,672,671],"class_list":["post-2443","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reviews","tag-bitcy","tag-bitcy-info","tag-bitcy-investment-plan","tag-bitcy-investment-program","tag-bitcy-news","tag-bitcy-review","tag-bitcy-scam-or-paying","tag-bitcy-update","tag-bitcy-updates","tag-bitcy-biz","tag-httpsbitcy-bizrefemilynews","exalt-entry"],"yoast_head":"\nBitCy - Review Part 1 - 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=2443\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BitCy - Review Part 1 | FAIR and FAST HYIP News | EmilyNews | EN\" \/>\n<meta property=\"og:description\" content=\"This program has STOPPED paying! Do not invest there! Introduction. A few days ago, we published a \u201cFirst Thoughts\u201d article on BitCy.\u00a0 In it we talked a little about the BitCy company and provided a … BitCy — Review Part 1Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/emilynews.com\/blog\/?p=2443\" \/>\n<meta property=\"og:site_name\" content=\"EmilyNews\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-17T03:56:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-12-30T16:38:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2017\/11\/bitcy.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"200\" \/>\n\t<meta property=\"og:image:height\" content=\"200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Emilynews\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"BitCy - Review Part 1 | FAIR and FAST HYIP News | EmilyNews | EN\" \/>\n<meta name=\"twitter:image\" content=\"http:\/\/emilynews.com\/blog\/wp-content\/uploads\/2017\/11\/bitcy.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Emilynews\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/emilynews.com\/blog\/?p=2443\",\"url\":\"https:\/\/emilynews.com\/blog\/?p=2443\",\"name\":\"BitCy - Review Part 1 - EmilyNews\",\"isPartOf\":{\"@id\":\"https:\/\/emilynews.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/emilynews.com\/blog\/?p=2443#primaryimage\"},\"image\":{\"@id\":\"https:\/\/emilynews.com\/blog\/?p=2443#primaryimage\"},\"thumbnailUrl\":\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2017\/11\/bitcy.jpg\",\"datePublished\":\"2017-11-17T03:56:24+00:00\",\"dateModified\":\"2017-12-30T16:38:06+00:00\",\"author\":{\"@id\":\"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33\"},\"breadcrumb\":{\"@id\":\"https:\/\/emilynews.com\/blog\/?p=2443#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/emilynews.com\/blog\/?p=2443\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/emilynews.com\/blog\/?p=2443#primaryimage\",\"url\":\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2017\/11\/bitcy.jpg\",\"contentUrl\":\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2017\/11\/bitcy.jpg\",\"width\":200,\"height\":200},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/emilynews.com\/blog\/?p=2443#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/emilynews.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BitCy — Review Part 1\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/emilynews.com\/blog\/#website\",\"url\":\"https:\/\/emilynews.com\/blog\/\",\"name\":\"EmilyNews\",\"description\":\"EmilyNews Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/emilynews.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33\",\"name\":\"Emilynews\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/emilynews.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/080b41979dac9ab029c0867a1655bdaf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/080b41979dac9ab029c0867a1655bdaf?s=96&d=mm&r=g\",\"caption\":\"Emilynews\"},\"url\":\"https:\/\/emilynews.com\/blog\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"BitCy - Review Part 1 - EmilyNews","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/emilynews.com\/blog\/?p=2443","og_locale":"en_US","og_type":"article","og_title":"BitCy - Review Part 1 | FAIR and FAST HYIP News | EmilyNews | EN","og_description":"This program has STOPPED paying! Do not invest there! Introduction. A few days ago, we published a \u201cFirst Thoughts\u201d article on BitCy.\u00a0 In it we talked a little about the BitCy company and provided a … BitCy — Review Part 1Read more","og_url":"https:\/\/emilynews.com\/blog\/?p=2443","og_site_name":"EmilyNews","article_published_time":"2017-11-17T03:56:24+00:00","article_modified_time":"2017-12-30T16:38:06+00:00","og_image":[{"width":200,"height":200,"url":"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2017\/11\/bitcy.jpg","type":"image\/jpeg"}],"author":"Emilynews","twitter_card":"summary_large_image","twitter_title":"BitCy - Review Part 1 | FAIR and FAST HYIP News | EmilyNews | EN","twitter_image":"http:\/\/emilynews.com\/blog\/wp-content\/uploads\/2017\/11\/bitcy.jpg","twitter_misc":{"Written by":"Emilynews","Est. reading time":"9 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/emilynews.com\/blog\/?p=2443","url":"https:\/\/emilynews.com\/blog\/?p=2443","name":"BitCy - Review Part 1 - EmilyNews","isPartOf":{"@id":"https:\/\/emilynews.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/emilynews.com\/blog\/?p=2443#primaryimage"},"image":{"@id":"https:\/\/emilynews.com\/blog\/?p=2443#primaryimage"},"thumbnailUrl":"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2017\/11\/bitcy.jpg","datePublished":"2017-11-17T03:56:24+00:00","dateModified":"2017-12-30T16:38:06+00:00","author":{"@id":"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33"},"breadcrumb":{"@id":"https:\/\/emilynews.com\/blog\/?p=2443#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/emilynews.com\/blog\/?p=2443"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/emilynews.com\/blog\/?p=2443#primaryimage","url":"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2017\/11\/bitcy.jpg","contentUrl":"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2017\/11\/bitcy.jpg","width":200,"height":200},{"@type":"BreadcrumbList","@id":"https:\/\/emilynews.com\/blog\/?p=2443#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/emilynews.com\/blog"},{"@type":"ListItem","position":2,"name":"BitCy — Review Part 1"}]},{"@type":"WebSite","@id":"https:\/\/emilynews.com\/blog\/#website","url":"https:\/\/emilynews.com\/blog\/","name":"EmilyNews","description":"EmilyNews Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/emilynews.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33","name":"Emilynews","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/emilynews.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/080b41979dac9ab029c0867a1655bdaf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/080b41979dac9ab029c0867a1655bdaf?s=96&d=mm&r=g","caption":"Emilynews"},"url":"https:\/\/emilynews.com\/blog\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/2443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2443"}],"version-history":[{"count":0,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/2443\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/media\/2452"}],"wp:attachment":[{"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}