{"id":6708,"date":"2019-04-05T04:10:00","date_gmt":"2019-04-05T04:10:00","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=6708"},"modified":"2019-04-11T11:26:40","modified_gmt":"2019-04-11T11:26:40","slug":"bittace-review-part-1","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=6708","title":{"rendered":"BittAce – Review\u00a0Part 1"},"content":{"rendered":"

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

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

In our recent \u201cFirst Thoughts\u201d article about BittAce<\/a>, we summarized the four investment plans that they offer in the following way:<\/p>\n

For the online investor,\u00a0BittAce\u00a0<\/a>offers four medium-term investment plans ranging from 24 to 45 days long.\u00a0 Two of the plans pay interest daily and return your investment as part of your earnings while the other two retain both your earnings and investment until the conclusion of the plan.\u00a0 You will remember that we often remark that investment plans of the first type are the least risky because, from the beginning, the portion of a person\u2019s investment that is at risk (in case the program closes prematurely) is rapidly decreasing.\u00a0\u00a0 On the other hand, plans of the second type are the riskiest because a person can lose everything if the program closes early.\u00a0\u00a0BittAce\u00a0<\/a>appears to compensate for this by offering very high interest rates in these two high-risk plans.\u00a0 However, the rates that are offered might be SO high that it will be impossible for the company to sustain them.<\/p>\n

We will take a closer look at the\u00a0BittAce\u00a0<\/a>investment plans when we review the program in the next day or two.\u00a0 At that time, we will come up with some numbers such that we will be able to make a very logical determination of both the profitability and risk associated with this investment program.\u00a0 Please stand by\u2026<\/p><\/blockquote>\n

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

Here’s the detailed information on each of the four BittAce <\/a>investment plans as it appears in their website:<\/p>\n

Ace Clubs Plan
\n5% daily for 30 days
\n$10 – $1,000<\/p>\n

Ace Hearts Plan
\n7% daily for 24 days
\n$50 – $10,000<\/p>\n

Ace Spades Plan
\n300% after 30 days
\n$10 – $10,000<\/p>\n

Ace Diamonds Plan
\n600% after 45 days
\n$10 – $10,000<\/p>\n

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

Let\u2019s begin our analysis by determining average daily net interest — or profit — that each of the investment plans pays you.\u00a0 We refer to this as DNI and it is simply the total net interest that an investment plan pays you averaged out over the length of the plan.\u00a0 For the Ace Clubs Plan, the total gross interest that you will receive is the 5% daily gross interest times the 30-day length of the plan.\u00a0 The result is 150%.\u00a0 Subtracting 100% from this to account for the fact that it includes the return of your investment, the total net interest that you will receive is 50%.\u00a0 Finally, dividing this by the 30-day length of the plan, the average daily net interest (DNI) that the plan pays you will be 1.67%.\u00a0 Similarly, for the Ace Hearts Plan, the DNI works out to be 2.83%.<\/p>\n

For the Ace Spades Plan, the arithmetic is a little bit different.\u00a0 The plan pays you a total gross interest of 300% when it ends.\u00a0 To get the total net interest, you must subtract 100% from it to get 200%.\u00a0 Finally, averaging this out over the 30-day length of the plan, you get a DNI of 6.67% (200\/30). \u00a0If you do the same arithmetic for the Ace Diamonds Plan, you get a DNI of 11.1%.<\/p>\n

In summary, here are the values of DNI for all four of the BittAce <\/a>investment plans:<\/p>\n

Plan\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 DNI<\/p>\n

Ace Clubs\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1.67%
\nAce Hearts\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2.83%
\nAce Spades\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 6.67%
\nAce Diamonds\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 11.11%<\/p>\n

Next, let\u2019s quickly determine how long it will take each of these investment plans to break even.\u00a0 For the Ace Clubs Plan, you simply divide 100% by the portion of your investment that you are recovering on a daily basis.\u00a0 For this case, you divide 100% by 5% to get that the plan will break even in 20 days.\u00a0 If you do the same arithmetic for the Ace Hearts Plan, you will get that that plan beaks even in 15 days.\u00a0 For the Ace Spades and the Ace Diamonds Plans, there is no arithmetic involved since you don\u2019t receive any return at all from these two plans until they end.\u00a0 So, that\u2019s when they break even.<\/p>\n

Here are the results for breakeven points in summary form:<\/p>\n

Plan\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Days to Break Even<\/p>\n

Ace Clubs\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 20 days
\nAce Hearts\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 15 days
\nAce Spades\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 30 days
\nAce Diamonds\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 45 days<\/p>\n

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

In Part 2 of this review we\u2019ll take a close look at these numbers in an effort to be able to say something concrete about the profitability and risk of the four investment plans.\u00a0 We will also try to draw a few conclusions — pro and con — about the overall BittAce <\/a>program.\u00a0 Part 2 should be ready in a few days.\u00a0 Please stand by\u2026<\/p>\n

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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 BittAce Investment Plans. In our recent \u201cFirst Thoughts\u201d article about BittAce, we summarized the four investment plans that they offer in the following way: For … BittAce – Review\u00a0Part 1<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":6695,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2303,2316,2308,2309,2310,2319,2313,2318,2312,2315,2314],"class_list":["post-6708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reviews","tag-bittace","tag-bittace-info","tag-bittace-investment-plan","tag-bittace-investment-program","tag-bittace-news","tag-bittace-review","tag-bittace-scam-or-paying","tag-bittace-update","tag-bittace-updates","tag-bittace-biz","tag-httpsbittace-bizrefemilynews","exalt-entry"],"yoast_head":"\nBittAce - Review\u00a0Part 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=6708\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BittAce - Review\u00a0Part 1 - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"This program moved to CLOSED! 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