{"id":4789,"date":"2018-09-14T04:23:02","date_gmt":"2018-09-14T04:23:02","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=4789"},"modified":"2019-05-17T05:36:49","modified_gmt":"2019-05-17T05:36:49","slug":"bitboots-review-part-2","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=4789","title":{"rendered":"BitBoots – Review Part 2"},"content":{"rendered":"

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

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

In Part 1<\/a> of this review, we determined break even points for the BitBoots<\/a> investment plans and also determined the profitability (DNI) of the Levels 1,2, and 3 plans for different assumed lengths of survival of the overall program.\u00a0 I\u2019ll repeat this information here so that it’s all in one place:<\/p>\n

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

Break Even Points<\/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

Daily Net Interest<\/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

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

First of all, looking at break even points, the Level 1 plan takes a full three months to break even.\u00a0 That\u2019s a long time for an HYIP.\u00a0 However, it is certainly not impossible.\u00a0 If the BitBoots<\/a> program turns out to be a long-term survivor, this would not be a problem.\u00a0 Of the three plans that we are considering, the Level 3 plan is the best, breaking even in a \u201cmere\u201d two months.<\/p>\n

Next, looking at profitability, as you would expect, the Level 1 plan isn\u2019t a good performer unless the program survives for eight months or so.\u00a0 In HYIP insights #23<\/em><\/a>, we suggested that the investor might want to aim at investment plans having weekly profits of between 5% and 10% — as a good compromise between satisfactory profit and acceptable risk.\u00a0 After eight months, the Level 1 plan is providing you with a DNI of 0.68%.\u00a0 Multiplying by seven, you get an average weekly profit of 4.76%, just shy of the 5% we are aiming for.\u00a0 After a full year, the DNI increases to 0.82% and weekly profit would go up to 5.74%.\u00a0 A little better, but still on the low end of the range we are aiming for.\u00a0 So, the Level 1 plan will be modest — but acceptable — as a money-maker.\u00a0 However, it will be a winner in-so-far-as helping the BitBoots<\/a> program to survive in the long term.<\/p>\n

Moving up to the Level 2 plan and then to the Level 3 plan, DNIs are higher.\u00a0 If you work out weekly profit for these plans, you would get the following:<\/p>\n

Level 1
\n4 months\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8 months\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 12 months
\n1.89%\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4.76%\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5.74%<\/p>\n

Level 2
\n4 months\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8 months\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 12 months
\n3.29%\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 6.16%\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7.14%<\/p>\n

Level 3
\n4 months\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8 months\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 12 months
\n5.39%\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8.26%\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 9.24%<\/p>\n

Looking at these numbers, we must remember that the Level 3 plan requires a minimum investment of $2,500, which very few online investors will be prepared to make.\u00a0 Even the Level 2 plan with a minimum investment of $1,200 will be out of reach of all but the more serious investors.\u00a0 So, even though the weekly profit of the Level 2 and 3 plans begins to become respectable after eight months or so, these plans will probably not see very much use.\u00a0 In a way, this is GOOD for the overall program as it will increase the chances for its long-term survivability.<\/p>\n

There are a few more important factors to remember when you think about investing in a perpetual investment program.\u00a0 The figures above stop after a year.\u00a0 However, after that, your weekly profit will continue to increase until it gradually approaches the gross daily interests that the investment plans pay.\u00a0 So, in the case of the Level 1 plan, the interest would approach 1.1% per day or 7.7% per week.\u00a0 For the Level 2 and 3 plans it would approach 9.1% and 11.2% per week.\u00a0 It can never get higher than these amounts.\u00a0 Again comparing these numbers to our ballpark guideline of aiming for a weekly profit between 5% and 10%, you really can\u2019t do too much better.\u00a0 Many other perpetual programs appear to be doomed in the long-term because the daily (and weekly) interest that must be paid gradually goes through the roof with no relief for the company.\u00a0 The earnings that are promised by BitBoots<\/a> appear to be very sensible — both from the point of view of the investor as well as from the point of view of survivability of the overall program.<\/p>\n

To further confirm this, in HYIP Insights #12<\/em><\/a>, we suggested that the \u201csweet spot\u201d for DNIs from the point of view of long term survivability as well as profitability of an HYIP is between 1% and 2%.\u00a0 We already pointed out that the DNIs for these plans will gradually approach the gross daily interests that they pay.\u00a0 These were 1.1%, 1.3%, and 1.6%.\u00a0 Again, the BitBoots<\/a> plans are right on the money.\u00a0 Of course, this is saying the same thing that we said in the previous paragraphs.\u00a0 But, here we are relating the numbers to sustainability of the program whereas previously we were relating them to profitability.<\/p>\n

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

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

It is very difficult for an HYIP to put together a \u201cperpetual\u201d program that is attractive to the online investor and for which the company might be able to sustain interest payments indefinitely.\u00a0 Possibly, BitBoots<\/a> might have achieved this illusive goal.\u00a0 IF (the big question!) the program can survive for a year of longer, it could be a good one from everyone\u2019s point of view.\u00a0 This program doesn\u2019t promise obscene income; but is does promise a very attractive one.\u00a0 With wise management practices on the part of the administration, this might be doable\u2026<\/p>\n

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

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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 moved to CLOSED! Do NOT invest there anymore! Discussion. In Part 1 of this review, we determined break even points for the BitBoots investment plans and also determined the profitability (DNI) of the … BitBoots – Review Part 2<\/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":[1665,1674,1670,1671,1673,1678,1672,1675,1676,1677],"class_list":["post-4789","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reviews","tag-bitboots","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 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=4789\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BitBoots - Review Part 2 - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"This program moved to CLOSED! 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