{"id":4787,"date":"2018-09-12T04:03:09","date_gmt":"2018-09-12T04:03:09","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=4787"},"modified":"2019-05-17T05:36:38","modified_gmt":"2019-05-17T05:36:38","slug":"bitboots-review-part-1","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=4787","title":{"rendered":"BitBoots – Review Part 1"},"content":{"rendered":"

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

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

Our \u201cFirst Thoughts\u201d article provided a pretty good summary of the BitBoots<\/a> investment plans.\u00a0 Here\u2019s what we said about the plans in that article.<\/p>\n

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

BitBoots<\/a> offers five investment plans.\u00a0 All of them are what we refer to as \u201cperpetual\u201d plans.\u00a0 This means that, after you make an investment, you will receive earnings from it forever.\u00a0 This is like a normal bank account but, of course, the interest that you receive is much much higher.\u00a0 Here\u2019s what the five investment plans look like:<\/p>\n

Level 1<\/strong>
\n1.1% daily
\n$50-$1200<\/p>\n

Level 2<\/strong>
\n1.3% daily
\n$1200-$2500<\/p>\n

Level 3<\/strong>
\n1.6% daily
\n$2500-$7500<\/p>\n

Level 4<\/strong>
\n1.9% daily
\n$7500-$15k<\/p>\n

Level 5<\/strong>
\n2.2% daily
\n$15k-$250k<\/p>\n

The BitBoots<\/a> investment plans are very easy to understand.\u00a0 Unlike many other HYIPs, there is no struggling to figure out how they work.\u00a0 Since they are perpetual, they are certainly long-term plans.\u00a0 Taking a quick look at the investment limits, it appears that only the Level 1 and Level 2 plans might be affordable by the typical online investor, although a few adventuresome folks might opt for the Level 3 program.\u00a0 It also looks like the plans will provide a satisfactory return that is not so high that the overall program will be at risk of closing prematurely.<\/p><\/blockquote>\n

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

First, let\u2019s take a look at how long it takes each of the BitBoots<\/a> investment plans to break even.\u00a0 You do this by dividing 100% by the daily percent return from the plan.\u00a0 For example, in the Level 1 plan, you divide 100% by 1.1% to get that the plan breaks even in approximately 91 days.\u00a0 Doing the same arithmetic for the other four plans, you get:<\/p>\n

Level 1\u00a0\u00a0\u00a0\u00a0 91 days
\nLevel 2\u00a0\u00a0\u00a0\u00a0 77 days
\nLevel 3\u00a0\u00a0\u00a0\u00a0 63 days
\nLevel 4\u00a0\u00a0\u00a0\u00a0 53 days
\nLevel 5\u00a0\u00a0\u00a0\u00a0 46 days<\/p>\n

Next, let\u2019s take a look at how profitable the BitBoots<\/a> investment plans are.\u00a0 Well, this is tricky with \u201cperpetual\u201d investment plans like these.\u00a0 In a typical investment plan with a finite term, after you break even all of your earnings are profit until the end of the term.\u00a0 In a perpetual plan, there is no end and so, at least theoretically, you would continue to receive profits forever — a lifetime income.\u00a0 Alas, all things DO come to an end and sooner or later the program will close its doors and the investment plan will end.\u00a0 The trick is to determine when.<\/p>\n

From experience we know that it is rare for an HYIP to survive for a full year.\u00a0 Even a half year would be considered to be a long-lived program in HYIP world.\u00a0 So, the best that we can do to determine profitability is to ASSUME a lifetime for the BitBoots<\/a> program.\u00a0 To be fair, we\u2019ll assume a number of different lifetimes and see how profitable the plans are for each of them.\u00a0 The Level 1 plan takes the longest to break even — around three months.\u00a0 So, let\u2019s work things out for three different lifetimes for each of the plans — four months, eight months, and 12 months.\u00a0 And, to simplify matters, we will only do this for the Levels 1, 2, and 3 plans because the minimum investment requirements for the Levels 4 and 5 plans are probably beyond the reach of online investors.\u00a0 In fact, we always discourage investors NOT to put large amounts of money into ANY online investment program unless it can provide verifiable proof of its existence and the success of its investment plans.<\/p>\n

Now that we\u2019ve established our ground rules, how are we going to determine profitability?\u00a0 Here at Emily News<\/em>, we have found that the best way to do this is to calculate the AVERAGE daily net interest (DNI) that an investment plan pays over its lifetime.\u00a0 This is simply the total net interest — profit — paid by a plan divided by the number of days in the plan.<\/p>\n

OK, it\u2019s time to do some arithmetic.\u00a0 Assuming that the Level 1 plan survives for four months (120 days), the total gross interest that you will receive will be 120 times the daily interest of 1.1% or 132%.\u00a0 Subtracting 100% from this because it includes your investment, you get a total net interest of 32%.\u00a0 Finally, dividing this by the 120-day assumed length of the investment plan, you get a DNI of 0.27% — not very much.\u00a0 If you repeat this same arithmetic for assumed lengths of the plan for 8 and 12 months (240 and 360 days), you would get the following results:<\/p>\n

Level 1
\n4 months\u00a0 \u00a0\u00a0\u00a0DNI = 0.27%
\n8 months\u00a0 \u00a0\u00a0\u00a0DNI = 0.68%
\n12 months\u00a0\u00a0\u00a0\u00a0 DNI = 0.82%<\/p>\n

If you do the same arithmetic for the Level 2 and 3 plans, here\u2019s what you would get:<\/p>\n

Level 2
\n4 months\u00a0 \u00a0\u00a0\u00a0DNI = 0.47%
\n8 months\u00a0 \u00a0\u00a0\u00a0DNI = 0.88%
\n12 months\u00a0\u00a0\u00a0\u00a0 DNI = 1.02%<\/p>\n

Level 3
\n4 months\u00a0 \u00a0\u00a0\u00a0DNI = 0.77%
\n8 months\u00a0 \u00a0\u00a0\u00a0DNI = 1.18%
\n12 months\u00a0\u00a0\u00a0\u00a0 DNI = 1.32%<\/p>\n

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

In Part 2 of this review we will discuss the information we have come up with here and will try to draw some conclusions about the overall program — pro and\/or con.\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 anymore! The BitBoots Investment Plans. Our \u201cFirst Thoughts\u201d article provided a pretty good summary of the BitBoots investment plans.\u00a0 Here\u2019s what we said about the plans … BitBoots – Review Part 1<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":4791,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1674,1670,1671,1673,1678,1672,1675,1676,1677],"class_list":["post-4787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reviews","tag-bitboots-info","tag-bitboots-investment-plan","tag-bitboots-investment-program","tag-bitboots-news","tag-bitboots-review","tag-bitboots-scam-or-paying","tag-bitboots-update","tag-bitboots-updates","tag-bitboots-com","exalt-entry"],"yoast_head":"\nBitBoots - 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=4787\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BitBoots - Review Part 1 - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"This program moved to CLOSED! Do NOT invest there anymore! The BitBoots Investment Plans. 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Our \u201cFirst Thoughts\u201d article provided a pretty good summary of the BitBoots investment plans.\u00a0 Here\u2019s what we said about the plans … BitBoots – Review Part 1Read more","og_url":"https:\/\/emilynews.com\/blog\/?p=4787","og_site_name":"EmilyNews","article_published_time":"2018-09-12T04:03:09+00:00","article_modified_time":"2019-05-17T05:36:38+00:00","og_image":[{"width":200,"height":200,"url":"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2018\/09\/bb.jpg","type":"image\/jpeg"}],"author":"Emilynews","twitter_card":"summary_large_image","twitter_image":"http:\/\/emilynews.com\/blog\/wp-content\/uploads\/2018\/09\/bb.jpg","twitter_misc":{"Written by":"Emilynews","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/emilynews.com\/blog\/?p=4787","url":"https:\/\/emilynews.com\/blog\/?p=4787","name":"BitBoots - Review Part 1 - EmilyNews","isPartOf":{"@id":"https:\/\/emilynews.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/emilynews.com\/blog\/?p=4787#primaryimage"},"image":{"@id":"https:\/\/emilynews.com\/blog\/?p=4787#primaryimage"},"thumbnailUrl":"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2018\/09\/bb.jpg","datePublished":"2018-09-12T04:03:09+00:00","dateModified":"2019-05-17T05:36:38+00:00","author":{"@id":"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33"},"breadcrumb":{"@id":"https:\/\/emilynews.com\/blog\/?p=4787#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/emilynews.com\/blog\/?p=4787"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/emilynews.com\/blog\/?p=4787#primaryimage","url":"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2018\/09\/bb.jpg","contentUrl":"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2018\/09\/bb.jpg","width":200,"height":200},{"@type":"BreadcrumbList","@id":"https:\/\/emilynews.com\/blog\/?p=4787#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/emilynews.com\/blog"},{"@type":"ListItem","position":2,"name":"BitBoots – Review Part 1"}]},{"@type":"WebSite","@id":"https:\/\/emilynews.com\/blog\/#website","url":"https:\/\/emilynews.com\/blog\/","name":"EmilyNews","description":"EmilyNews Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/emilynews.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33","name":"Emilynews","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/emilynews.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/080b41979dac9ab029c0867a1655bdaf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/080b41979dac9ab029c0867a1655bdaf?s=96&d=mm&r=g","caption":"Emilynews"},"url":"https:\/\/emilynews.com\/blog\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4787"}],"version-history":[{"count":0,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4787\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/media\/4791"}],"wp:attachment":[{"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}