{"id":2658,"date":"2017-12-10T04:56:21","date_gmt":"2017-12-10T04:56:21","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=2658"},"modified":"2017-12-30T16:35:43","modified_gmt":"2017-12-30T16:35:43","slug":"colobit-review-part-2","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=2658","title":{"rendered":"Colobit — Review Part 2"},"content":{"rendered":"

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

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

In Part 1<\/a> of this review, we laid the groundwork for a detailed analysis of the Colobit <\/a>investment plans.\u00a0 That\u2019s what we\u2019ll get into now\u2026<\/p>\n

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

In HYIP Insights #12<\/em> (that you can read here<\/a>), we suggested that the DNI (daily net interest) of investment plans offered by an HYIP will have a close relationship to the program\u2019s survivability.\u00a0 Here is our suggestion:<\/p>\n

Less than 1%.\u00a0 High chance of long term survivability<\/p>\n

Greater than 2%.\u00a0 Low chance of long term survivability<\/p>\n

Between 1% and 2%.\u00a0 Survivability might depend on other factors besides DNI<\/p>\n

The first investment plan offered by Colobit<\/a> has a DNI of 1%; the second plan has a DNI of around 2%; and, the third plan has a DNI of around 3%.\u00a0 So, based on our suggestions above, if the majority of folks investing with Colobit <\/a>choose the first investment plan, the program should be able to survive for quite a while.\u00a0 On the other hand, if the majority invests with the third plan, the survivability of the program would appear to be in question.\u00a0 If most people invest in the second plan, things could go either way.<\/p>\n

Of course, the investment plan with the highest DNI will be the most profitable one.\u00a0 So, other things being equal, investors will naturally choose that plan.\u00a0 This would suggest that the majority of investors might choose the third plan.\u00a0 This is especially the case here as all plans have the same minimum investment; there is nothing to stop a person from taking advantage of the higher-interest third plan.<\/p>\n

Of course, it is always important to remember that PROGRAMS close, not investment PLANS.\u00a0 Everyone sinks or swims together.\u00a0 So, just because Colobit <\/a>has one investment plan with a low DNI, this doesn\u2019t guarantee the survivability of the overall program.\u00a0 As I already indicated, it depends on where the majority of investors put their money — and whether or not Colobit<\/a> can afford to pay the promised returns.<\/p>\n

Now, let\u2019s compare the three programs from the point of view of how long it will take an investor to break even.\u00a0 The first plan is easy to understand.\u00a0 \u00a0\u00a0Since you don\u2019t get a return till the end of the 15-day investment period, that\u2019s when you will break even.\u00a0 Likewise, in the third plan, you receive a return of 120% after one month.\u00a0 So, this is when you will break even for that plan.\u00a0 The earnings you receive at the ends of the second and third months will be pure profit.\u00a0 So, that one is easy to understand as well.\u00a0 For the second plan, we already determined that you will break even in around 28 days.\u00a0 This is roughly one month — the same as the third plan.\u00a0 However, since you are receiving earnings every day (every hour!), the amount of your investment that its at risk decreases on a day to day basis.<\/p>\n

To tie all this together, Colobit <\/a>offers three investment plans.\u00a0 The second is roughly twice as profitable as the first and the third is roughly three times as profitable as the first.\u00a0 The first plan breaks even in 15 days and the second and third plans both break even in roughly 30 days.\u00a0 However, in the second plan, the amount of your investment that is at risk decreases on a day to day basis.<\/p>\n

I think that\u2019s about all I have go say about the investment plans.\u00a0 The decision of which, if any, of the plans you choose to invest in is, of course, yours alone to make.<\/p>\n

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

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

As you might expect, both deposits and withdrawals with Colobit <\/a>are by means of Bitcoin.\u00a0 The minimum deposit and withdrawal are the same — 0.003 BTC.\u00a0 Assuming that one Bitcoin is worth around $10,000 (it is changing VERY quickly now!), this is equivalent to roughly $30.\u00a0 This is somewhat higher than the typical HYIP.\u00a0 But, it shouldn\u2019t be a deterrent for the serious investor.\u00a0 Deposits and withdrawals are handled instantly by Colobit.\u00a0 However, there are the inherent delays associated with getting confirmations of the transactions by the Bitcoin system.\u00a0 For example, it might take 15 minutes or 24 hours before your deposit receives the required six confirmations.\u00a0 After that \u201cThe deposit starts generating profit instantly.\u201d\u00a0 The same goes for withdrawals.\u00a0 Although Colobit <\/a>might process your request instantly, it could be some time before your withdrawal finds its way to your Bitcoin wallet.<\/p>\n

Colobit <\/a>has a decent \u201cPartnership Program.\u201d\u00a0 According to the website, \u201cIn order to take full advantage of the partnership program, you need to make a personal contribution to any investment plan, and leadership bonuses for the Representatives of the Corporation are accrued in accordance with the number of the invited new active clients and the amount of attracted investments.\u201d\u00a0 So, unlike the affiliate programs of many other HYIPs, it appears that a minimal deposit is required in order to take advantage of the Colobit <\/a>Partnership Program.\u00a0 However, no indication of the amount of the \u201ccontribution\u201d is given.\u00a0 There are two divisions to the Partnership Program, the Referral program and the Representative program.\u00a0 The Referral program pays commissions in the first three levels of an investors downline equal to 12%, 2%, and 1% of the deposit that is made.\u00a0 For Representatives, the commissions are increased to 15%, 3%, and 1%.\u00a0 I assume there are additional requirements (as well as benefits) associated with the Representative program.\u00a0 However, they weren\u2019t readily apparent to me after reading the website.<\/p>\n

Support from Colobit <\/a>should be pretty good.\u00a0 There is the typical support form as well as an email address.\u00a0 I suspect that these go to the same place.\u00a0 A reply is promised within 24 hours.\u00a0 Let\u2019s hope that it takes a lot less than that.\u00a0 Most important, there is live chat.\u00a0 I didn\u2019t take the time to test it.\u00a0 But, it is there and I\u2019ll assume that it is working.\u00a0 Live chat is essential and Colobit <\/a>is to be commended for implementing this feature.<\/p>\n

To sum things up, Colobit <\/a>has added an interesting twist to cryptocurrency trading, a twist that will appeal to investors — such as myself — that have a technical background.\u00a0 It relies on math rather than trends to determine when to buy and sell.\u00a0 That appears to me to offer a higher probability of success.\u00a0 Colobit <\/a>offers three very different investment plans.\u00a0 Our analysis of them indicates that they can be quite profitable, perhaps too profitable to be sustainable in the long term.\u00a0 However, given the unique nature of the Colobit <\/a>trading procedure, perhaps the company can make this a winning program in spite of the rather large returns it is promising.\u00a0 So, everything considered, you might want to make an investment with Colobit<\/a>.\u00a0 As usual, we advise making your investment part of a diversified portfolio and, furthermore, that you 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 Colobit Investment Plans. In Part 1 of this review, we laid the groundwork for a detailed analysis of the Colobit investment plans.\u00a0 That\u2019s … Colobit — 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":[747,738,736,737,739,745,742,740,741,734,733],"class_list":["post-2658","post","type-post","status-publish","format-standard","hentry","category-reviews","tag-colo","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 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=2658\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Colobit Review\u00a0Part 2 | FAIR and FAST HYIP News | EmilyNews | EN\" \/>\n<meta property=\"og:description\" content=\"This program has STOPPED paying! 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