{"id":6719,"date":"2019-04-07T04:05:44","date_gmt":"2019-04-07T04:05:44","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=6719"},"modified":"2019-04-11T11:27:31","modified_gmt":"2019-04-11T11:27:31","slug":"bittace-review-part-2","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=6719","title":{"rendered":"BittAce – Review Part 2"},"content":{"rendered":"

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

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

Let\u2019s begin our discussion of the BittAce <\/a>investment plans by repeating what we learned about them in Part 1<\/a> of our review.\u00a0 Here\u2019s that information along with the basic description about each plan from the website.<\/p>\n

Ace Clubs Plan
\n5% daily for 30 days
\n$10 – $1,000
\nBreak even = 20 days
\nDNI = 1.67%<\/p>\n

Ace Hearts Plan
\n7% daily for 24 days
\n$50 – $10,000
\nBreak even = 15 days
\nDNI = 2.83%<\/p>\n

Ace Spades Plan
\n300% after 30 days
\n$10 – $10,000
\nBreak even = 30 days
\nDNI = 6.67%<\/p>\n

Ace Diamonds Plan
\n600% after 45 days
\n$10 – $10,000
\nBreak even = 45 days
\nDNI = 11.11%<\/p>\n

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

Our \u201cFirst Thoughts\u201d article actually provided a very good introductory discussion of the BittAce investment plans.\u00a0 I hope you won\u2019t remind seeing this again, but here it is:<\/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><\/blockquote>\n

Let\u2019s discuss the BittAce <\/a>investment plans in three steps.\u00a0 First, we\u2019ll take a look at the Ace Clubs and Ace Hearts Plans that pay interest daily.\u00a0 Second, we\u2019ll look at the Ace Spades and Ace Diamonds Plans that pay interest at the end of the plan.\u00a0 Finally, we\u2019ll compare the two sets of plans.<\/p>\n

As a preface, we should note that the minimum investment required for all the plans is very low.\u00a0 It is only $10 except for the Ace Hearts Plan where it is $50.\u00a0 Even this is by no means out of reach of the serious (or even not-so-serious) online investor.\u00a0 This is both a blessing and a curse.\u00a0 The blessing, of course, is that everyone can use every plan.\u00a0 The curse is that it might not be a good idea for a lot of investors to use the Ace Spades and Ace Diamonds Plans because the high interests that they promise might put the survival of the overall program at risk.<\/p>\n

But, let\u2019s return to our approach of looking at Ace Clubs and Ace Hearts Plans first.\u00a0 These two plans are set up very well.\u00a0 They are no longer than a month long — which most online investors will like — and they break even quickly.\u00a0 In the case of the Ace Hearts Plan, the breakeven point is after only 15 days.\u00a0 Furthermore, these types of plans enable the investor to quickly recover his investment as every day a significant portion of it is being returned to him.\u00a0 Again, as we indicated in the First Thoughts article, they are the least risky type of investment plan.<\/p>\n

These two investment plans are also quite lucrative.\u00a0 Multiplying their DNIs by seven, you can come up with the average weekly profits that each plan offers as:<\/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 Average Weekly Profit<\/p>\n

Ace Clubs\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 12%
\nAce Hearts\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 20%<\/p>\n

In HYIP Insights #23<\/em><\/a>, we suggested aiming at programs offering investment plans having weekly profits of between 5% and 15%, as a compromise between profit and risk.\u00a0 Obviously, the higher the profit that an investment plan promises, the higher the risk associated with it.\u00a0 These two investment plans are a bit on the high side — meaning they are very lucrative — but they are not off-the-chart.\u00a0 So, they might be the type of investment plans that the more adventuresome investor would be attracted to.<\/p>\n

Now, let\u2019s take a look at the Ace Spades and Ace Diamonds Plans.\u00a0 As the First Thoughts article already indicated, these are the riskiest TYPES of investment plans because the entire amount of a person\u2019s investment is at risk until the plan ends.\u00a0 Furthermore, no earnings are paid until the plan ends.\u00a0 One thing in favor of these two plans is that they aren\u2019t excessively long, with durations of 30 and 45 days.\u00a0 Still, this is a long time for a person to be biting his nails hoping that the program will survive until an investment plan ends (something that doesn\u2019t always happen in the HYIP business).<\/p>\n

The greatest problem with these two plans is the excessive amounts of interest that they promise.\u00a0 With DNIs of 6.67% and 11.11%, we are talking about weekly profits of 47% and 78%.\u00a0 Needless to say, these are way above our suggestion of aiming at programs offering investment plans with weekly profits between 5% and 15%.\u00a0 So, these two investment plans have two problems.\u00a0 First, they are risky TYPES of plans and, second, they offer such high returns that they put the entire BittAce <\/a>program at risk of early closure due to the fact that, when the plans end, it might be difficult for the program to fulfill its obligations to make the interest payments that are due.<\/p>\n

So, the two sets of investment pans fight with each other.\u00a0 The Clubs and Hearts Plans are attractive while the Spades and Diamonds Plans are highly questionable.\u00a0 Unfortunately, both plans are tied to the same program and either one of them\u00a0 can make the overall program sink or swim.\u00a0 The way I see it, these two sets of investment plans fight with one another.<\/p>\n

OK, before we draw any firm conclusions, let\u2019s work a few earnings examples in an effort to see how some actual numbers will work out.<\/p>\n

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

Both the Ace Clubs and the Ace Spades Plans are 30 days long.\u00a0 Let\u2019s assume an investment of $100 in each of them and compare our results.<\/p>\n

For the Ace Clubs Plan, you will receive 5% interest per day which, of course, is $5.\u00a0 After 20 days, you will have received a total of $100 at which time you will have broken even.\u00a0 At the end of the plan, you will have received a total of $150 (5 x 30) for a net profit of $50.<\/p>\n

For the Ace Spades Plan, you will receive a one-shot payment of 300% or $300 at the end of the plan.\u00a0 This is a net profit of $200.<\/p>\n

So, the Spades Plan is four times as profitable as the Clubs Plan (200\/50 =4).\u00a0 Of course, we already expected this because the 6.67% DNI of the Spades Plan is four times the 1.67% DNI of the Clubs Plan (6.67\/1.67 =4).<\/p>\n

We could make a similar comparison between the Hearts and Diamonds Plans, in this case letting the Hearts Plan run twice for a total of 48 days — which would be very close to the 45-day term of the Diamonds Plan.\u00a0 However, without the arithmetic, we already know that:<\/p>\n

    \n
  1. The Hearts Plan will be more profitable than the Clubs Plan.<\/li>\n
  2. The Diamonds Plan will be more profitable than the Spades Plan.<\/li>\n
  3. The Diamonds Plan will again be around four times more profitable than the Hearts Plan because their DNIs are roughly in the ratio of 4:1 (11.11\/2.83 = 3.93).<\/li>\n<\/ol>\n

    You can learn a great deal about an investment plan from its DNI.\u00a0 And, as we\u2019ve seen here, DNIs are also an extremely useful tool when comparing one investment plan to another.<\/p>\n

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

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

    The BittAce <\/a>program is a confusing one.\u00a0 It offers two excellent investment plans as well as two that are very risky.\u00a0 We can only hope that the use of the good plans will predominate such that the riskier plans will have a lesser impact on the overall program.\u00a0 Of course, there is always the hope that the Administrators know something that we don\u2019t know and have all this figured out such that the program will be capable of surviving no matter what.\u00a0 The critical point will be when it comes time for the program to pay its first round of investors in the Spades and, especially, the Diamonds Plans 30 and 45 days into the program.\u00a0 For now, we must say that this program is for VERY adventuresome investors only.\u00a0 Let\u2019s see what happens.<\/p>\n

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

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    This program moved to CLOSED! Do not invest there! Discussion. Let\u2019s begin our discussion of the BittAce investment plans by repeating what we learned about them in Part 1 of our review.\u00a0 Here\u2019s that information … BittAce – Review Part 2<\/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-6719","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 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=6719\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BittAce - Review Part 2 - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"This program moved to CLOSED! 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