{"id":3603,"date":"2018-03-19T04:35:27","date_gmt":"2018-03-19T04:35:27","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=3603"},"modified":"2018-03-19T18:41:01","modified_gmt":"2018-03-19T18:41:01","slug":"bitify-review-part-1","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=3603","title":{"rendered":"Bitify – Review Part 1"},"content":{"rendered":"

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

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

In our recent \u201cFirst Thoughts<\/a>\u201d article about Bitify<\/a>, we attempted to summarize the company\u2019s activities as given in its website and also introduced its investment plans.\u00a0 To repeat, here\u2019s what we said about the investment plans.<\/p>\n

But, perhaps of more interest to readers of\u00a0Emily News<\/em>\u00a0are the investment plans that are offered by\u00a0Bitify<\/a>.\u00a0 There are a lot of them, eight to be exact.\u00a0 Three of them are called \u201cDaily\u201d plans because they pay interest on a daily basis and also return your deposit at the end of the investment plans.\u00a0 The interest rates paid in these plans are slightly high but not unreasonable.\u00a0 The next three plans are referred to as the \u201cAfter\u201d plans because both your earnings and deposit are given to you after the plan ends.\u00a0 The interest paid for these plans appears to be higher than that paid for the Daily plans.\u00a0 Finally, there are two VIP plans.\u00a0 One of these plans pays a phenomenal 1,000% interest after the plan ends while the other pays an even more amazing 5,000%.\u00a0 There will probably not be too many takers for these plans, however, as either the minimum investment or the length of the plan is very high.\u00a0 Both would serve as deterrents for investing in these plans.\u00a0 There is a lot to discuss about these investment plans and that\u2019s what we\u2019ll do when we review the\u00a0Bitify<\/a>\u00a0program.\u00a0 Please stand by for the review which should be available here in the\u00a0Emily News<\/em>\u00a0blog within the next few days.<\/p><\/blockquote>\n

With that as an introduction, let\u2019s take a look at the three Daily plans first.\u00a0 Here\u2019s the information that is given about them in the website:<\/p>\n

Trial
\n2.2%\/day for 15 days
\n$10 – $2,499<\/p>\n

Commerce
\n2.6%\/day for 30 days
\n$2,500 – $14,999<\/p>\n

Business
\n3.0% for 45 days
\n$15,000 – $50,000<\/p>\n

The website also gives the total gross interest for these plans.\u00a0 However, we can easily determine it ourselves from the other information that is given.\u00a0 For example, in the Trial plan, if you multiply 2.2% by the 15 day length of the plan, you get a total return of 33%.\u00a0 This is a NET return because your principal will be returned to you at the end of the plan.\u00a0 So, the total GROSS return will be 100% more than this or 133% — which is what is given in the website.\u00a0 To emphasize, since your principal is returned to you at the end of the plan, the 2.2% daily interest that you receive is NET interest — daily net interest, or DNI.<\/p>\n

To determine when a program will break even, you divide 100% by the interest that is returned to you on a daily basis.\u00a0 For this plan, we divide 100% by 2.2% to get around 45 days.\u00a0 The plan is only 15 days long.\u00a0 So, in this case, you won\u2019t break even until the plan ends and your principal is returned to you,<\/p>\n

The arithmetic goes just the same for the other two Daily plans, except that, in the case of the Business plan, you will break even BEFORE the plan ends — in 34 days (100\/3).\u00a0 Summarizing this information for the three Daily plans, we have:<\/p>\n

Trial
\nDNI = 2.2%
\n15 days to break even<\/p>\n

Commerce
\nDNI = 2.6%
\n30 days to break even<\/p>\n

Business
\nDNI = 3.0%
\n34 days to break even<\/p>\n

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

Now, let\u2019s move on to the three \u201cAfter\u201d investment plans.\u00a0 Here is the website information on these plans:<\/p>\n

Active
\nTotal gross return of 160% after 20 days
\n$100 – $4,999<\/p>\n

Optimal
\nTotal gross return of 240% after 40 days
\n$5,000 – $24,999<\/p>\n

Imperial
\nTotal gross return of 340% after 60 days
\n$25,000 – $75,000<\/p>\n

Let\u2019s take a look at the DNI for each of these investment plans.\u00a0 For the Active plan that pays you a total gross interest of 160% after 20 days, your total net interest will be 100% less than this (because the gross includes your principal).\u00a0 So, the total net interest will be 60%.\u00a0 Dividing this by the 20-day length of the plan, we get a DNI of exactly 3.0%.\u00a0 Doing the same arithmetic for the other two After plans, we get the following results for DNI:<\/p>\n

DNI<\/p>\n

Active\u00a0 3.0%
\nOptimal\u00a0 3.5%
\nImperial\u00a0 4.0%<\/p>\n

As far as breaking even is concerned, since you don\u2019t earn a penny from these investment plans until they end, that\u2019s when you will break even.<\/p>\n

Finally, let\u2019s take a look at the two VIP investment plans.\u00a0 They work the same way as the After plans paying you both your earnings and your principal back at the end of the plans.\u00a0 What distinguishes them from the After plans is the very high interest return.\u00a0 Here\u2019s the website information on them:<\/p>\n

Special
\nTotal gross return of 1,000% after 100 days
\n$10,000 – $50,000<\/p>\n

Individual
\nTotal gross return of 5,000% after 200 days
\n$1,000 – $100,000<\/p>\n

In exactly the same way as we did for the After investment plans, we can also determine the DNI for these plans as well.\u00a0 For example, for the Special plan, the total net interest would be 100% less than the given total gross interest of 1,000% and is 900%.\u00a0 Dividing by the 100-day length of the plan, you get a DNI of 9.0%.\u00a0 Working in exactly the same way, you will get a DNI of 24.5% for the Individual plan.<\/p>\n

OK, now we have the \u201cfacts\u201d on all of the eight Bitify <\/a>investment plans.\u00a0 Let\u2019s see what all this means to us as potential investors in this program.\u00a0 There is a lot to digest here and this is what we\u2019ll do in Part 2 of this review which should be available in a day of two.\u00a0 Stay tuned\u2026<\/p>\n

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

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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! Analysis of the Bitify Investment Plans. In our recent \u201cFirst Thoughts\u201d article about Bitify, we attempted to summarize the company\u2019s activities as given in its website … Bitify – Review Part 1<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":3599,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1124,1131,1128,1129,1130,1134,1132,1133,1136,1135],"class_list":["post-3603","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reviews","tag-bitify","tag-bitify-info","tag-bitify-investment-plan","tag-bitify-investment-program","tag-bitify-news","tag-bitify-scam-or-paying","tag-bitify-update","tag-bitify-updates","tag-bitify-online","tag-httpsbitify-online","exalt-entry"],"yoast_head":"\nBitify - 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=3603\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitify - Review Part 1 | FAIR and FAST HYIP News | EmilyNews | EN | FAIR and FAST HYIP News | EmilyNews | EN\" \/>\n<meta property=\"og:description\" content=\"This program has STOPPED paying! 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