{"id":2632,"date":"2017-12-07T03:50:27","date_gmt":"2017-12-07T03:50:27","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=2632"},"modified":"2017-12-30T16:36:00","modified_gmt":"2017-12-30T16:36:00","slug":"colobit-review-part-1","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=2632","title":{"rendered":"Colobit — Review\u00a0Part 1"},"content":{"rendered":"

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

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

Since writing the \u201cFirst Thoughts\u201d article for Colobit <\/a>(read it here<\/a>), I discovered that they have a very informative and professionally done video introducing their program.\u00a0 You can access the video by going to the Emily News<\/em> monitor listing for Colobit<\/a> and clicking on the word \u201cIntroduction\u201d on the small video icon.\u00a0 It will take you straight to the video.<\/p>\n

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

I\u2019ve thought a bit about what I wrote in the First Thoughts article concerning how the Colobit <\/a>program works.\u00a0 I think I was pretty much on the money.\u00a0 If, in addition, you watch the video, you will get additional insights into their unique arbitrage approach to trading cryptocurrencies.\u00a0 I wonder why this approach hasn\u2019t been used, for example, in the trading of \u201cnormal\u201d currency pairs — Forex trading\u2026<\/p>\n

Months ago, there was an HYIP online that used arbitrage betting to make money on sporting events.\u00a0 In that situation, different book makers give different odds on who the winner of an event will be.\u00a0 When trading cryptocurrencies, the published exchange rate is essentially the currency exchange\u2019s prediction of the winner\/loser of a currency trade.\u00a0 This seems to be the identical situation to betting on sporting events.\u00a0 Here\u2019s what I wrote about arbitrage betting in the review of the sporting event program.\u00a0 It might help you to understand the Colobit <\/a>process\u2026<\/p>\n

Most commonly, this type of betting is applied to sports events because they occur on a very regular basis. People are constantly placing bets with book makers (bookies) who typically offer slightly differing odds as to who the winner and loser of an event might be. By carefully considering these differing odds and by betting certain amounts of money with different bookies on both outcomes of the event, it is possible to make money no matter what the outcome of the event is. Most commonly, this is called a \u201csure-bet.\u201d Sounds simple? Not really. A good deal of math is involved and timing is of the utmost importance as the odds offered by different bookies can change at any time. Furthermore, you might have to bet a sizable amount of money in order to make a significant profit \u2014 one worth the trouble of going through all this.<\/p><\/blockquote>\n

I suspect that the last sentence of this explanation tells you the reason why Colobit<\/a> is seeking outside investors in their venture\u2026<\/p>\n

The Colobit <\/a>approach to cryptocurrency trading appeals to me.\u00a0 I have a scientific background and I would much rather try to earn some money on a procedure based on math rather than on predicting the movements of the very volatile cryptocurrencies.\u00a0 The Colobit<\/a> procedure is based on science.\u00a0 The normal procedure is based on crystal ball gazing\u2026<\/p>\n

The Colobit Investment Plans.<\/strong><\/p>\n

As indicated in the First Thoughts article, Colobit <\/a>offers three investment plans:<\/p>\n

The first plan pays you 115% of your investment after 15 calendar days.\u00a0 The second pays you 0.21% hourly for 40 business days.\u00a0 And, the third and final plan pays you 120% per month for three months.\u00a0 All of the plans have a minimum investment of 0.003 BTC and a maximum of 50 BTC.\u00a0 As you might have guessed, your return is included in your earnings for all of the plans.<\/p><\/blockquote>\n

Let\u2019s take a look at the plans one by one\u2026<\/p>\n

The first plan is easy to understand.\u00a0 Since your investment is included in your return, your total net interest for the investment plan is 15%.\u00a0 Averaging that out over the 15-day investment period, you get a daily net interest (DNI) of exactly 1%.<\/p>\n

The second plan is a bit trickier to understand as we are talking about HOURLY interest and payment on BUSINESS days.\u00a0 First of all, since there are 24 hours in a day, 0.21% per hour translates to 5.04% per day.\u00a0 Let\u2019s round this off to 5%.\u00a0 I suspect that this is what the folks at Colobit <\/a>have in mind.\u00a0 At the end of 40 business days, the total gross interest that you will earn will be 40 times this or 200%. \u00a0Since this includes your initial investment, you have to subtract 100% to get your total net interest.\u00a0 This will also be 100%.\u00a0 When comparing the profitability of different investment plans, we always compare their effective DNIs.\u00a0 However, they are based on CALENDAR days.\u00a0 There are roughly 22 business days in a 30-calendar day month.\u00a0 Using this same proportion, you find that 40 business days is equivalent to around 55 calendar days (30\/22 x 40).\u00a0 So, averaging the total net profit of 100% over the 55-calendar day period, we get a DNI of around 1.82%.<\/p>\n

To complete the picture for this investment plan, we should also find out when it will break even.\u00a0 That\u2019s easy to determine.\u00a0 You divide 100% by the daily interest of 5% to get 20 business days.\u00a0 Just like before, we can convert this to calendar days to get around 28 calendar days (30\/22 x 20).<\/p>\n

For the third plan, you earn 120% of your investment every month.\u00a0 For the three-month (90 calendar day) period, your total gross return will therefore be three times this or 360%.\u00a0 Subtracting 100% from this because this return includes your investment, you get a total net interest of 260%.\u00a0 Dividing this by 90 days, you get an effective daily net interest (DNI) of 2.89%.<\/p>\n

Maybe this is enough for now.\u00a0 In Part 2 of this review<\/a>, we\u2019ll compare the profitability of the three investment plans as well as look at a few other features of the overall Colobit <\/a>investment program.<\/p>\n

<\/a><\/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. Since writing the \u201cFirst Thoughts\u201d article for Colobit (read it here), I discovered that they have a very informative and professionally done video introducing their … Colobit — Review\u00a0Part 1<\/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":[743,738,736,737,739,745,742,740,741,734,733],"class_list":["post-2632","post","type-post","status-publish","format-standard","hentry","category-reviews","tag-colobit","tag-colobit-info","tag-colobit-investment-plan","tag-colobit-investment-program","tag-colobit-news","tag-colobit-review","tag-colobit-scam-or-paying","tag-colobit-update","tag-colobit-updates","tag-colobit-biz","tag-httpscolobit-bizrefemilynews","exalt-entry"],"yoast_head":"\nColobit - Review\u00a0Part 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=2632\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Colobit Review\u00a0Part 1 | FAIR and FAST HYIP News | EmilyNews | EN\" \/>\n<meta property=\"og:description\" content=\"This program has STOPPED paying! Do not invest there! Introduction. Since writing the \u201cFirst Thoughts\u201d article for Colobit (read it here), I discovered that they have a very informative and professionally done video introducing their … Colobit — Review\u00a0Part 1Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/emilynews.com\/blog\/?p=2632\" \/>\n<meta property=\"og:site_name\" content=\"EmilyNews\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-07T03:50:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-12-30T16:36:00+00:00\" \/>\n<meta name=\"author\" content=\"Emilynews\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Colobit Review\u00a0Part 1 | FAIR and FAST HYIP News | EmilyNews | EN\" \/>\n<meta name=\"twitter:image\" content=\"http:\/\/emilynews.com\/blog\/wp-content\/uploads\/2017\/12\/colorbit.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=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/emilynews.com\/blog\/?p=2632\",\"url\":\"https:\/\/emilynews.com\/blog\/?p=2632\",\"name\":\"Colobit - Review\u00a0Part 1 - EmilyNews\",\"isPartOf\":{\"@id\":\"https:\/\/emilynews.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/emilynews.com\/blog\/?p=2632#primaryimage\"},\"image\":{\"@id\":\"https:\/\/emilynews.com\/blog\/?p=2632#primaryimage\"},\"thumbnailUrl\":\"https:\/\/colobit.biz\/styles\/images\/468x60\/nano.gif\",\"datePublished\":\"2017-12-07T03:50:27+00:00\",\"dateModified\":\"2017-12-30T16:36:00+00:00\",\"author\":{\"@id\":\"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33\"},\"breadcrumb\":{\"@id\":\"https:\/\/emilynews.com\/blog\/?p=2632#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/emilynews.com\/blog\/?p=2632\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/emilynews.com\/blog\/?p=2632#primaryimage\",\"url\":\"https:\/\/colobit.biz\/styles\/images\/468x60\/nano.gif\",\"contentUrl\":\"https:\/\/colobit.biz\/styles\/images\/468x60\/nano.gif\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/emilynews.com\/blog\/?p=2632#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/emilynews.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Colobit — Review\u00a0Part 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":"Colobit - Review\u00a0Part 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=2632","og_locale":"en_US","og_type":"article","og_title":"Colobit Review\u00a0Part 1 | FAIR and FAST HYIP News | EmilyNews | EN","og_description":"This program has STOPPED paying! Do not invest there! Introduction. Since writing the \u201cFirst Thoughts\u201d article for Colobit (read it here), I discovered that they have a very informative and professionally done video introducing their … Colobit — Review\u00a0Part 1Read more","og_url":"https:\/\/emilynews.com\/blog\/?p=2632","og_site_name":"EmilyNews","article_published_time":"2017-12-07T03:50:27+00:00","article_modified_time":"2017-12-30T16:36:00+00:00","author":"Emilynews","twitter_card":"summary_large_image","twitter_title":"Colobit Review\u00a0Part 1 | FAIR and FAST HYIP News | EmilyNews | EN","twitter_image":"http:\/\/emilynews.com\/blog\/wp-content\/uploads\/2017\/12\/colorbit.jpg","twitter_misc":{"Written by":"Emilynews","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/emilynews.com\/blog\/?p=2632","url":"https:\/\/emilynews.com\/blog\/?p=2632","name":"Colobit - Review\u00a0Part 1 - EmilyNews","isPartOf":{"@id":"https:\/\/emilynews.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/emilynews.com\/blog\/?p=2632#primaryimage"},"image":{"@id":"https:\/\/emilynews.com\/blog\/?p=2632#primaryimage"},"thumbnailUrl":"https:\/\/colobit.biz\/styles\/images\/468x60\/nano.gif","datePublished":"2017-12-07T03:50:27+00:00","dateModified":"2017-12-30T16:36:00+00:00","author":{"@id":"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33"},"breadcrumb":{"@id":"https:\/\/emilynews.com\/blog\/?p=2632#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/emilynews.com\/blog\/?p=2632"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/emilynews.com\/blog\/?p=2632#primaryimage","url":"https:\/\/colobit.biz\/styles\/images\/468x60\/nano.gif","contentUrl":"https:\/\/colobit.biz\/styles\/images\/468x60\/nano.gif"},{"@type":"BreadcrumbList","@id":"https:\/\/emilynews.com\/blog\/?p=2632#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/emilynews.com\/blog"},{"@type":"ListItem","position":2,"name":"Colobit — Review\u00a0Part 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\/2632","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=2632"}],"version-history":[{"count":0,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/2632\/revisions"}],"wp:attachment":[{"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}