{"id":4380,"date":"2018-07-05T04:09:31","date_gmt":"2018-07-05T04:09:31","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=4380"},"modified":"2018-08-08T17:41:05","modified_gmt":"2018-08-08T17:41:05","slug":"bitsmyne-review-part-1","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=4380","title":{"rendered":"BitSmyne – Review Part 1"},"content":{"rendered":"

This program moved to CLOSED! Do not invest there!<\/strong><\/p>\n

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

In our \u201cFirst Thoughts\u201d article about BitSmyne<\/a> (that you can read here<\/a>), we noted that, while we weren\u2019t completely clear as to how the company generates its revenue, the presentation of its investment plans leaves nothing to be desired.\u00a0 In the way of an introduction, here\u2019s what we said about the BitSmyne investments plans in the First Thoughts article:<\/p>\n

All this said, the HYIP investor will primarily be interested in the\u00a0BitSmyne\u00a0<\/a>investment plans.\u00a0 And, thankfully, they are very clearly presented.\u00a0 There are five of them and all of them are \u201cperpetual,\u201d meaning that you invest once and, after that, you receive interest earnings forever.\u00a0 Your investment is included as part of your earnings.\u00a0 Interest rates vary from 1.08% to 1.68% daily as follows: 1.08%. 1.18%, 1.28%. 1.48%, and 1.68%.\u00a0 However, the two highest interest investment plans require minimum investments of $10,000 and $50,000.\u00a0 So, it is doubtful if these two plans will be used very much \u2014 if at all.\u00a0 A neat feature of all the plans is that they all provide a monthly bonus.\u00a0 I have not seen this before.<\/p><\/blockquote>\n

Referring, now, to the website, here is the essential information on the investment plans as given there.<\/p>\n

Titanium
\n1.08% daily
\n$5 – $99.99
\nMonthly bonus = $0.50<\/p>\n

Ammonium
\n1.18% daily
\n$100 – $999.99
\nMonthly bonus = $10<\/p>\n

Barium
\n1.28% daily
\n$1.000 – $9,999.99
\nMonthly bonus = $100<\/p>\n

Chromium
\n1.48% daily
\n$10,000 – $49,999.99
\nMonthly bonus = $1,000<\/p>\n

Detanium
\n1.68% daily
\n$50,000 \u2013 no limit
\nMonthly Bonus = $5,000<\/p>\n

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

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

Let\u2019s begin with something that\u2019s a little bit funny.\u00a0 If you know even a little about chemistry, you will recognize three of the investment plan names as names of chemical \u201celements.\u201d\u00a0 These, of course are: Titanium, Barium, and Chromium.\u00a0 The next name you might recognize is Ammonium which is the name of an \u201cion,\u201d a group of chemically combined elements that function as a unit in chemical reactions.\u00a0 Then there is Detanium.\u00a0 Well, this is the funny one.\u00a0 This appears to be a nonsense name that the folks at BitSmyne<\/a> came up with on their own.\u00a0 There are plenty of other elements to choose from and many many ions.\u00a0 But, maybe the guy at BitSmyne <\/a>that came up with these names flunked chemistry in high school and this was all he could come up with?\u00a0 Perhaps he should have used fish or flower names!<\/p>\n

As we indicated in the First Thoughts article, the minimum investments required for the Chromium and Detanium plans are probably too high for the typical online investor.\u00a0 In fact, we, at EmilyNews<\/em><\/strong>, advise all investors to NEVER invest large amounts of money in ANY HYIP.\u00a0 Even if you have this kind of money to play around with, you will surely want to know more about the company and the record of its investment plans than is given in the typical HYIP website.\u00a0 This information should be verifiable, just like you can verify information about a company you might be considering buying stocks or bonds from.\u00a0 In a way, this is good for BitSmyne<\/a>.\u00a0 If no one uses these plans, they will be free from the obligation to pay the relatively high interest returns that these investment plans promise and their survivability might increase.<\/p>\n

So, we are left with three investment plans that pay 1.08%, 1.18%, or 1.28% daily interest — forever.\u00a0 These are the only three programs that I will refer to for the remainder of this review.<\/p>\n

First, let\u2019s see how many days it will take each of these investment plans to break even.\u00a0 To do that, you simply divide 100% by the gross daily interest that you receive.\u00a0 For the Titanium plan, you divide 100% by 1.08% to get around 93 days.\u00a0 If you do the same arithmetic for the other two plans, you would get:<\/p>\n

Titanium.\u00a0 93 days
\nAmmonium.\u00a0 85 days
\nBarium.\u00a0 79 days<\/p>\n

The next thing we need to know about an investment plan if we are to be able to talk intelligently about its profitability or the probability of the program surviving in the long term, is the daily net interest (DNI) that it pays.\u00a0 DNI is the profit that you make from an investment plan AVERAGED OUT OVER THE LENGTH OF THE PLAN.\u00a0 This is obviously an impossible quantity to determine for a “perpetual” plan that will pay interest to you forever — more realistically, until the program closes its doors and dies.\u00a0 To get around this problem, we have to ASSUME a certain life expectancy for the program.\u00a0 The BitSmyne<\/a> investment plans all break even in around three months.\u00a0 Let\u2019s work out a DNI for each of them assuming that the program survives for 4, 6, 8, 10, and 12 months.<\/p>\n

Let\u2019s begin with the Titanium investment plan and assume that the program survives for only four months (which, by the way, is quite a long time in HYIP world!). \u00a0Paying 1.08% daily for 120 days, you get a total gross interest of 129.60%.\u00a0 Subtracting 100% from this because it includes your investment, you get a total net interest of 29.60%.\u00a0 Averaging this out over the assumed 120-day length of the investment plan, you get a DNI of 0.25% (29.6\/120).\u00a0 Doing the same arithmetic for the other assumed lengths of the plan, you get the following values for DNI for the Titanium investment plan:<\/p>\n

Titanium<\/p>\n

Months\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 DNI
\n4\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.25%
\n6\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.52%
\n8\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.66%
\n10\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.75%
\n12\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.80%<\/p>\n

Next, let\u2019s make the same set of five calculations for the Ammonium investment plan that pays a daily interest of 1.18% and then for the Barium investment plan that pays a daily interest of 1.28%.<\/p>\n

Ammonium<\/p>\n

Months\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 DNI
\n4\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 .035%
\n6\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.60%
\n8\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.76%
\n10\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.85%
\n12\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.90%<\/p>\n

Barium<\/p>\n

Months\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 DNI
\n4\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.45%
\n6\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.72%
\n8\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.86%
\n10\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.95%
\n12 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1.00%<\/p>\n

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

OK, now we have some very concrete information to discuss.\u00a0 As you can see, the analysis of an investment plan that pays interest \u201cforever\u201d can get very complex very quickly.\u00a0 So, in Part 2<\/a> of this review, which will primarily be devoted to a discussion of the information we have uncovered thus far about the BitSmyme <\/a>investment program, we will have a lot to talk about.\u00a0 We hope to have that ready for you in the next day or two.\u00a0 Please stand by\u2026<\/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

*********************************<\/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>
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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 moved to CLOSED! Do not invest there! The BitSmyne Investment Plans. In our \u201cFirst Thoughts\u201d article about BitSmyne (that you can read here), we noted that, while we weren\u2019t completely clear as to … BitSmyne – Review Part 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":[1458,1466,1464,1463,1465,1472,1469,1467,1468,1471,1470],"class_list":["post-4380","post","type-post","status-publish","format-standard","hentry","category-reviews","tag-bitsmyne","tag-bitsmyne-info","tag-bitsmyne-investment-plan","tag-bitsmyne-investment-program","tag-bitsmyne-news","tag-bitsmyne-review","tag-bitsmyne-scam-or-paying","tag-bitsmyne-update","tag-bitsmyne-updates","tag-bitsmyne-com","tag-httpsbitsmyne-comrefemilynews","exalt-entry"],"yoast_head":"\nBitSmyne - 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=4380\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BitSmyne - Review Part 1 - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"This program moved to CLOSED! 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