{"id":5753,"date":"2019-01-08T06:14:46","date_gmt":"2019-01-08T06:14:46","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=5753"},"modified":"2019-07-02T11:52:18","modified_gmt":"2019-07-02T11:52:18","slug":"coinextender-review-part-2","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=5753","title":{"rendered":"CoinExtender – Review\u00a0Part 2"},"content":{"rendered":"

This program moved to PROBLEM! Beware and do NOT invest there!<\/strong><\/p>\n

This program launched its Bitcoin vesrion with different website. <\/b>The review will be updated SOON!<\/b><\/p>\n

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

In Part 1 of this review (that you can read here<\/a>), we came up with a lot of numbers due to the fact that the CoinExtender<\/a> website gives all its information in DogeCoin (XGD) and we tried to translate this into US dollars (USD).\u00a0 There is nothing at all wrong with the company dealing with DogeCoin.\u00a0 We did this translation simply because it is not a very popular coin and most readers can easily relate to dollar amounts.\u00a0 It is important for the reader to keep in mind that the conversion between XGD and USD can be very volatile.\u00a0 So, the figures we are using in USD could be way off a short time from now.<\/p>\n

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

This said as a disclaimer, let\u2019s take a look at the investment limits for the CoinExtender <\/a>investment plans.\u00a0 Here they are in USD:<\/p>\n

Plan\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Investment Limits<\/p>\n

Starter\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $2 to $12
\nBasic\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $12 to $23
\nStandard\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $23 to $58
\nPremium\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $58 to $116
\nExclusive\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $116 to $231
\nEnterprise\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $231 to $1,460
\nPlatinum\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $1,460 to $2,315
\nVIP\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $2,315 to $4,630
\nVIP Plus\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $4,630 and up<\/p>\n

Although there is nothing wrong with things as they stand right now, it seems that the plans could be simplified by eliminating a number of them.\u00a0 For example, a single plan could cover the range of investments from $2 up to $231 instead of taking five plans to do it.\u00a0 However, I must note that, if the value of DogeCoin should increase radically, this might all make good sense as these dollar amounts would, of course, increase as well.\u00a0 So, again, this is not a complaint — just an observation.<\/p>\n

Concerning breakeven point, let\u2019s repeat some of the results from Part 1 here:<\/p>\n

Plan\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Break Even\u00a0\u00a0\u00a0\u00a0\u00a0 Total Gross Int\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 DNI<\/p>\n

Starter\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 69 days\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 130.5%\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 0.34%
\nBasic\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 68 days\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 134.1%\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a00.38%
\nStandard\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 66 days\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 137.7%\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a00.42%
\nPremium\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 64 days\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 141.3%\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 0.46%
\nExclusive\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 63 days\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 144.9%\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a00.50%
\nEnterprise\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 61 days\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 148.5%\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 0.54%
\nPlatinum\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 60 days\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 152.1%\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a00.58%
\nVIP\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 58 days\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 155.7%\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a00.62%
\nVIP Plus\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 57 days\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 159.3%\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a00.66%<\/p>\n

All of the CoinExtender <\/a>investment plans break even in roughly two months.\u00a0 Given that all the plans are three months (90 days) long, you might say that you are recovering your investment for the first two months of the investment period and making your profit during the third month.\u00a0 While we prefer plans that break even more quickly, for another reason that I will point out shortly, in the case of the CoinExtender <\/a>plans, this timetable might be acceptable.<\/p>\n

A strong point of the CoinExtender <\/a>investment plans is that they all are paying you a return from the beginning.\u00a0 This contrasts with plans offered by many other HYIPs that don\u2019t pay you any return until the end of an investment plan.\u00a0 So, with the CoinExtender <\/a>investment plans, the risk of losing your investment decreases as the plan progresses.\u00a0 This is the most sensible type of investment plan to put your money into.<\/p>\n

Next, let\u2019s think about the profitability and risk of these investment plans.\u00a0 This is where we look at the DNIs that they pay.\u00a0 I\u2019m going to round off some numbers here to make the discussion simpler.\u00a0 I hope that I achieve this objective rather than confuse things more.\u00a0 If you look at the previous chart, I suspect that the investment plans in the middle of it will be the most popular — the Premium, Exclusive, and Enterprise plans.\u00a0 Of course, there will be investors on either side of them.\u00a0 The DNIs for these plans are right around 0.5% — an average profit of one-half percent per day over the length of the plan.\u00a0 On a weekly basis, this comes to an average of around 3.5%.\u00a0 For an HYIP, this is on the low side.\u00a0 However, and extremely important, we feel that programs offering investment plans having DNIs that are less than 1% have a very good chance of being long-term survivors.\u00a0 This takes us back to the previous discussion of breakeven points where I suggested that, in the case of the CoinExtender <\/a>investment plans, a two-month time to break even might not be too troublesome.\u00a0 Now you can see that the reason is because of the high probability of this program being a long-term survivor.\u00a0 There is a very thorough discussion of DNIs and risk in the article in HYIP Insights #12<\/em><\/a>.\u00a0 You might want to refer to it for more information on this.<\/p>\n

An unusual factor in the CoinExtender <\/a>program is that it deals exclusively with DogeCoin.\u00a0 This is not a popular coin and I would hope that this will not negatively affect the popularity of this program which, as I have suggested above, has a high potential for long-term survival.<\/p>\n

Earnings Examples.<\/strong><\/p>\n

Let\u2019s work two earnings examples, the first with an investment of $100 and the second with an investment of $1,000.\u00a0 Although I am going to work the examples in dollars, using the conversion of one USD equals 432 XGD, these investments would correspond to 43,200 XGD and 432,000 XGD — big numbers.<\/p>\n

An investment of $100 would fit into the Premium plan which pays 1.57% interest daily.\u00a0 This is equivalent to $1.57 daily.\u00a0 Dividing this into $100, you can see that it will take you 64 days to break even — as the previous chart indicated.\u00a0 By the end of the 90-day period, your total return will be $141.30, a net profit of $41.30.\u00a0 This also checks out with the previous chart.<\/p>\n

An investment of $1,000 would fit into the Enterprise plan which pays 1.65% interest daily.\u00a0 In this case, your daily return would be $16.50 with a total gross return by the end of the 90-day investment period of $1,485.\u00a0 Your net profit would be $485.\u00a0 Again, these numbers check with the previous chart.<\/p>\n

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

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

The CoinExtender<\/a> program offers a total of nine investment plans.\u00a0 A few of the lower interest plans will probably not be used.\u00a0 CoinExtender<\/a> operates exclusively with DogeCoin which might limit its popularity.\u00a0 All of its investment plans are 90 days long and interests that are paid are modest (by HYIP standards).\u00a0 This level of interest suggests that the program will have a high probability of long-term survival.\u00a0 CoinExtender <\/a>will probably appeal to the online investor who in seeking a moderate but stable passive income.\u00a0 It will probably not appeal to the investor looking for quick profits.<\/p>\n

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This program moved to PROBLEM! Beware and do NOT invest there! This program launched its Bitcoin vesrion with different website. The review will be updated SOON! Discussion. In Part 1 of this review (that you … CoinExtender – Review\u00a0Part 2<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":5746,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1963,1971,1968,1969,1970,1977,1974,1972,1973,1976,1975],"class_list":["post-5753","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reviews","tag-coinextender","tag-coinextender-info","tag-coinextender-investment-plan","tag-coinextender-investment-program","tag-coinextender-news","tag-coinextender-review","tag-coinextender-scam-or-paying","tag-coinextender-update","tag-coinextender-updates","tag-coinextender-com","tag-httpswww-coinextender-com","exalt-entry"],"yoast_head":"\nCoinExtender - 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=5753\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CoinExtender - Review\u00a0Part 2 - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"This program moved to PROBLEM! 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