{"id":3998,"date":"2018-04-28T04:02:11","date_gmt":"2018-04-28T04:02:11","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=3998"},"modified":"2018-05-06T16:51:38","modified_gmt":"2018-05-06T16:51:38","slug":"bit-elite-review","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=3998","title":{"rendered":"Bit Elite – Review"},"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 brief \u201cFirst Thoughts<\/a>\u201d article about the Bit Elite<\/a> online investment program.\u00a0 In it, after summarizing the business activities of the company, we made the following brief remarks about the company\u2019s investment plans:<\/p>\n

Bit Elite<\/a>\u00a0has three investment plans which are very simple to understand.\u00a0 They all pay interest on a daily basis and return your investment as part of your earnings.\u00a0 Returns range from 8% all the way up to 12% daily.\u00a0 However, in order to take advantage of that rather high return, a very substantial minimum investment is required.\u00a0 We will discuss the\u00a0Bit Elite<\/a> investment plans in detail when we review the program.\u00a0 We should be able to get to this within a day or two.\u00a0 Please stand by.<\/p><\/blockquote>\n

In addition to the above, here\u2019s the information that the website gives about the Bit Elite<\/a> investment plans:<\/p>\n

Beginner
\n8% daily for 30 days
\n0.001BTC \u2013 1BTC<\/p>\n

Advanced
\n10% daily for 45 days
\n1.001BTC \u2013 5BTC<\/p>\n

Professional
\n12% daily for 60 days
\n5.001BTC \u2013 100BTC<\/p>\n

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

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

There are two important pieces of information that we need in addition to the above in order to be able to discuss the pros and cons of these investment plans.\u00a0 These are the daily net interest rate (DNI) offered by a plan as well as the number of days it takes for a plan to break even.\u00a0 You will remember that DNI is the AVERAGE net interest or profit that you earn from an investment plan per day.\u00a0 In reality, you may not earn ANY profit on some days while on others you may earn a lot more than the DNI.\u00a0 DNI is a very useful term because it enables you to compare one investment plan with another.\u00a0 It is also — obviously — a measure of how profitable an investment plan is.\u00a0 Finally, it is also a good predictor of the survivability of an investment plan.\u00a0 So, let\u2019s begin our analysis of these investment plans by determining the DNI for each of them\u2026<\/p>\n

OK, focusing on the Beginner plan, to get the total gross interest for the plan, we multiply the daily gross interest of 8% by the 30-day length of the plan to get 240%.\u00a0 Since this includes your investment, we have to subtract 100% to get the total net interest which will be 140%.\u00a0 Finally, dividing this by the 30-day length of the investment plan, we get an effective daily net interest (DNI) for the plan of 4.67%.\u00a0 Here\u2019s the result if you did the same arithmetic for the Advanced and Professional investment plans:<\/p>\n

Beginner Plan.\u00a0 DNI = 4.67%
\nAdvanced Plan.\u00a0 DNI = 7.78%
\nProfessional Plan.\u00a0 DNI = 10.33%<\/p>\n

Before we discuss these results, let\u2019s determine the number of days it takes each of these plans to break even.\u00a0 That\u2019s easy.\u00a0 You simply divide 100% by the percent return you receive every day.\u00a0 For the Beginner plan, dividing 100% by 8%, you get around 13 days.\u00a0 If you do this same arithmetic for the other two plans, you would get the following results:<\/p>\n

Beginner Plan.\u00a0 Break even in 13 days
\nAdvanved Plan.\u00a0 Break even in 10 days
\nProfessional Plan.\u00a0 Break even in 9 days<\/p>\n

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

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

Right now, one Bitcoin trades for slightly more than $9,000.\u00a0 Using this as the conversion rate, you can see that the minimum investment for the Advanced plan is over $9,000 and that the minimum for the professional plan is over $45,000. \u00a0So, these investment plans will be out of reach of all but the wealthiest online investor.\u00a0 In fact, we at Emily News<\/em> discourage people from investing large amounts of money online in ANY investment plan owing to the fact that very few of them provide sufficient verifiable information about the company to give an investor the degree of confidence required to make a large investment.<\/p>\n

I suspect that most investors will agree with this and that, therefore, there will probably not be any investors in the Bit Elite<\/a> Professional plan.\u00a0 I also suspect that there will be very few, if any, investors in the Advanced plan.\u00a0 So, for all practical purposes, I believe that Bit Elite<\/a> will function as though it offers only ONE investment plan — the Beginner plan.\u00a0 There is nothing at all wrong with this and, if the plan makes sense, the program could turn out to be a very sensible one.<\/p>\n

With this in mind, let\u2019s take a close look at the information we now have on the Bit Elite<\/a> investment plans.\u00a0 We frequently refer back to the article in HYIP Insights #12<\/em><\/a> where we made suggestions about appropriate ranges for DNI for online investment programs.\u00a0 Our suggestion in that article was that, if a program offers investment plans with DNIs higher than 2%, it might have difficulty surviving in the long term.\u00a0 Well, even the Beginner plan, which offers the most modest interest rate, has a DNI of 4.67% which is more than double our recommendation.\u00a0 Bit Elite<\/a> claims to make 15% daily by means of its own investments and this is the basis for which they offer these high interest investment plans.\u00a0 If, indeed, this is true, both investors and the company will come out ahead — way ahead.\u00a0 However, our 2% suggestion is the result of watching numerous HYIPs come and go.\u00a0 We hope that Bit Elite<\/a> will be one of the rare exceptions that will be able to offer such a highly profitable investment plan on a sustainable basis.<\/p>\n

Well, exactly how profitable is this investment plan?\u00a0 With a DNI of 4.67%, multiplying this by seven, you get an average weekly profit of close to 33% — which is a LOT of money.\u00a0 So, just because the Beginner plan offers the lowest interest of the three Bit Elite<\/a> investment plans, it is by no means a low interest program!\u00a0 Compared to many other HYIPs that are out there, it may be among the highest.<\/p>\n

And, this relates back to the two other Bit Elite<\/a> investment plans that offer even higher interests.\u00a0 However, aside from the fact that the minimum investments that they require are extremely high, which will make them unaffordable to almost anyone, the interest given by the Beginner program would seem to be more than satisfactory.<\/p>\n

Next, let\u2019s take a look at how break even point comes into the picture.\u00a0 A GOOD thing about investment plans such as this that pay a high gross daily interest is that they break even very quickly.\u00a0 The Beginner investment plan breaks even in only 13 days.\u00a0 This means that, in the remaining 17 days of the investment plan, you are earning pure profit.\u00a0 In addition, another GOOD feature of this type of investment plan is that you are recovering your investment from \u201cday one.\u201d For the Beginner plan, you immediately start recovering your investment at the rate of 8% per day — which is very substantial.\u00a0 This is far far superior to investment plans that do not return ANY of your investment until the end of the investment plan.<\/p>\n

Of course, all of these good points are even BETTER with the Adcanced and Professional investment plans where you break even in only 9 or 10 days and receive pure profit for much longer time periods because the investment plans are much longer.\u00a0 However, never forget the downside of these very high interest investment plans.<\/p>\n

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

Conclusions.\u00a0<\/strong><\/p>\n

Bit Elite<\/a> is a brand new online investment program that offers three investment plans.\u00a0 All of the plans pay interest daily and return your investment as part of your earnings.\u00a0 The minimum deposit for the two highest interest programs might put them beyond the reach of most investors.\u00a0 Even the lowest interest program offers a return that is high by EmilyNews<\/em> standards.\u00a0 However, the company claims that its own earnings of 15% per day are such that payment of these returns to investors will not be a problem for them.\u00a0 An advantage of this type of program is that the high gross daily interest enables its investment plans to break even very quickly.\u00a0 Another advantage is that, since interest is paid daily, the investor immediately begins to see a decrease in the level of invested funds that he has at risk.\u00a0 So, the investor looking for a high interest program with moderate risk might possibly find this program to be his cup of tea.\u00a0 However, the wise investor will always weigh the pros and cons of an investment program very carefully before making a final investment decision.<\/p>\n

I hope this information is helpful. \u00a0Good Luck!<\/p>\n

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

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

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Be the first to get most important HYIP news everyday!
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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! Introduction. A few days ago, we published a brief \u201cFirst Thoughts\u201d article about the Bit Elite online investment program.\u00a0 In it, after summarizing the business activities … Bit Elite – Review<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":3995,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1282,1288,1292,1293,1287,1296,1291,1289,1290,1295,1294],"class_list":["post-3998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reviews","tag-bit-elite","tag-bit-elite-info","tag-bit-elite-investment-plan","tag-bit-elite-investment-program","tag-bit-elite-news","tag-bit-elite-review","tag-bit-elite-scam-or-paying","tag-bit-elite-update","tag-bit-elite-updates","tag-bitelite-biz","tag-httpsbitelite-bizrefemilynews","exalt-entry"],"yoast_head":"\nBit Elite - 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=3998\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bit Elite - Review - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"This program has STOPPED paying! 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