{"id":4384,"date":"2018-07-06T04:04:58","date_gmt":"2018-07-06T04:04:58","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=4384"},"modified":"2018-08-08T17:40:51","modified_gmt":"2018-08-08T17:40:51","slug":"bitsmyne-review-part-2","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=4384","title":{"rendered":"BitSmyne – Review\u00a0Part 2"},"content":{"rendered":"

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

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

In Part 1<\/a> of this Review (that you can read here<\/a>) we first took a look at the five BitSmyne<\/a> investment plans.\u00a0 Based on what we saw, we decided that the last two investment plans, the ones paying the highest interest, would probably be unpopular because of the high minimum investments that are required.\u00a0 In fact, we reiterated the EmilyNews<\/em><\/strong> position of DISCOURAGING investors from investing in online plans such as these that require such a high investments.\u00a0 In light of this, we elected NOT to include these last two investment plans in discussions that followed.<\/p>\n

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

Next, we took a look at the time for the BitSmyne <\/a>investment plans to break even.\u00a0 Rounding things off, it takes around three months to break even in any one of them.\u00a0 This is a long time in the HYIP business, but certainly not impossibly long.\u00a0 In HYIP Insights #**, we made several recommendations concerning what we thought make for a good HYIP.\u00a0 One of them is that the investment plans offered by the HYIP should break even in the neighborhood of a month or so.\u00a0 Of course, BitSmyne<\/a> is in a difficult position on this.\u00a0 If it increased its interest rates in order to shorten the time to break even, given that this is a \u201cperpetual\u201d investment program, this would more than likely lead to the early closure of the program.\u00a0 So, the tradeoff is that the investor should only join a “perpetual” program such as this if he is convinced that it will be viable in the long term.\u00a0 How long?\u00a0 Well, it will take you three months just to break even — six months to double your money.\u00a0 Or, to put it another way, every three months you get your money back.\u00a0 So, if the program survived for a year, the first three months would be devoted to breaking even.\u00a0 Then, in the nine month period following, you would get your investment back three more times — a net profit of around 300% in a year\u2019s time.<\/p>\n

The third thing we took a look at in Part 1<\/a> of the Review was the DNI that the BitSmyne<\/a> investment plans paid for different assumed periods of survival of the program.\u00a0 When you look at the table of values for any of the three investment plans, it is obvious that, the longer the program survives, the greater your average daily profit (over the assumed length of the program) will work out to be.\u00a0 Only the Barium plan, paying a gross daily interest of 1.28%, provides a DNI of 1% — assuming that the program survives for an entire year.\u00a0 Needless to say, if the program survives for longer than a year, the average daily profit that you make would further increase.\u00a0 Ultimately, it will peak out at the gross daily interest that an investment plan pays.\u00a0 I didn\u2019t bother to determine how long this might be.\u00a0 A few years is my guess.\u00a0 Very few HYIPs survive for even the year for which we calculated these estimated DNIs.\u00a0 It would make everyone very happy if BitSmyne <\/a>turned out to be a winner and survived for a lot longer than a year.\u00a0 But, there is no way to tell.\u00a0 In HYIP Insights #12 we suggested that programs offering investment plans with DNIs less than 1% would have a good chance of long term survival.\u00a0 This is a good omen for BitSmyne <\/a>as all of its investment plans (that will be used) are in this range. \u00a0Unfortunately, with \u201cperpetual\u201d investment plans such as these, the program never gets relief as new money is unlikely to be injected into the program by old investors.\u00a0 So, money goes out forever, but no new money comes in.\u00a0 This is a difficult situation for an HYIP to be in.\u00a0 Let\u2019s see what happens in the case of BitSmyne<\/a>\u2026<\/p>\n

We might remind you that, in cases like this where the long term survival of a program is extremely important in order for an investor to come out ahead, it becomes more important for an investor to more seriously investigate the company behind the program than would otherwise be the case.\u00a0 HYIP Insights #** has additional information on this important subject.<\/p>\n

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

BitSmyne<\/a> offers several \u201cperpetual\u201d investment plans.\u00a0 You invest once and receive interest earnings for the life of the program after that.\u00a0 It takes roughly three months for these plans to break even and another three months for the investor to double his money, as interest rates are quite modest.\u00a0 These would be classed as long-term programs in the HYIP business and will probably appeal most to the conservative investor.\u00a0 The investor interested in quick high interest returns will probably not be too interested in this program.<\/p>\n

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

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This program moved to CLOSED! Do not invest there! Discussion. In Part 1 of this Review (that you can read here) we first took a look at the five BitSmyne investment plans.\u00a0 Based on what … BitSmyne – Review\u00a0Part 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":[1458,1466,1464,1463,1465,1472,1469,1467,1468,1471,1470],"class_list":["post-4384","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\u00a0Part 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=4384\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BitSmyne - Review\u00a0Part 2 - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"This program moved to CLOSED! 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