{"id":7726,"date":"2019-07-07T05:14:05","date_gmt":"2019-07-07T05:14:05","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=7726"},"modified":"2019-07-08T22:08:25","modified_gmt":"2019-07-08T22:08:25","slug":"coinit-review","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=7726","title":{"rendered":"CoinIt – Review"},"content":{"rendered":"

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

In our recent \u201cFirst Thoughts\u201d article about CoinIt<\/a>, we included complete information about the company\u2019s investment plans.\u00a0 So that we will have this information in front of us when we review the program, I\u2019m going to repeat it here\u2026<\/p>\n

For the investor, CoinIt <\/a>offers two very lucrative investment plans.\u00a0 Both of them return your investment as part of your earnings.\u00a0 The plans are simple to understand and here are their details:<\/p>\n

Plan #1
\n37.5% daily for 4 days (150% total gross interest)
\n.001 – .049 BTC<\/p>\n

Plan #2
\n46.67% daily for 3 days (140% total gross interest)
\n.050 BTC and up<\/p><\/blockquote>\n

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

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

Let\u2019s begin our analysis of the Coinit<\/a> investment plans by first determining how long it takes each of them to break even.\u00a0 Since each plan pays interest on a daily basis, all that you have to do in order to determine the number of days for a plan to break even is to divide 100% by the gross daily return.\u00a0 In the case of Plan #1, you divide 100% by 37.5% to get that the plan breaks even in 2.67 days.\u00a0 Of course, since you only receive a return once per day, you have to round this UP to three days.\u00a0 Similarly, for Plan #2, you divide 100% by 46.67% to get 2.14 days which, for the same reason, rounds UP to three days.\u00a0 I usually don\u2019t discuss the rounding off that is involved when determining breakeven points.\u00a0 However, in this case, it is very significant because Plan #2 is only three days long.\u00a0 So, this plan doesn\u2019t break even until it ends.<\/p>\n

The given information on each of the investment plans includes the total gross interest that each plan pays.\u00a0 Since your investment is included in the returns that you receive, you must subtract 100% from the total gross interest to get the total net interest for each plan.\u00a0 In the case of Plan #1, subtracting 100% from 150%, we get a total net interest of 50%.\u00a0 Averaging this out over the 4-day length of the investment plan by dividing by four, you get an average daily net interest (DNI) of 12.5%.\u00a0 For Plan #2, the same calculations give you a DNI of 13.3%.<\/p>\n

In summary, our quick analysis of the two CoinIt <\/a>investment plans gives us the following results:<\/p>\n

Plan\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 DNI \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Days to break even<\/p>\n

#1\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 12.5%\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3 days (plan length = 4 days)
\n#2\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 13.3%\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3 days (plan length = 3 days)<\/p>\n

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

Well, there are some serious pros and cons to this these investment plans.\u00a0 Let\u2019s look at the good points first.\u00a0 Both plans are very short term (only four and three days, respectively, for Plans #1 and #2) and they break even very quickly as well (three days for both of them).\u00a0 So, the time period for which the investors\u2019 funds are at risk is minimal.\u00a0 Furthermore, since the daily gross return is so high for both of the plans, you are recovering your investment at an extremely fast pace.\u00a0 For plan #1, you recover 37.5% of your investment every day and, for Plan #2, you recover 46.67% (almost half of it every day).\u00a0 In short, you don\u2019t have to \u201cbite your nails\u201d for very long.<\/p>\n

Both plans are also affordable.\u00a0 Plan #1, with a minimum investment of .001 BTC will be within the reach of everyone.\u00a0 Plan #2, with a minimum investment of .05 BTC (around $500 right now), isn\u2019t out of reach for the serious investor either.<\/p>\n

There is really only one \u201cbad\u201d point to these investment plans: they are almost \u201ctoo good to be true\u201d because of the extremely high returns that they promise the investor.\u00a0 In HYIP Insights #12<\/em><\/a>, we suggested that programs offering investment plans having DNIs greater than 2% might have difficulty surviving in the long term.\u00a0 Well, the DNIs for the CoinIt <\/a>investment plans are way higher than this.\u00a0 So, the potential investor with CoinIt <\/a>should think long and hard before making an investment with this program.\u00a0 Of course, you must remember that this recommendation concerning DNI is only our opinion and we could be way off-base here.\u00a0 In fact, we hope this is the case!\u00a0 Perhaps the administrators of Coinbit <\/a>know exactly what they are doing and have things figured out such that the program will be with us for many months to come.<\/p>\n

You might be asking yourself which plan is better.\u00a0 Is I had the $500 to invest, I would probably opt for Plan #2.\u00a0 Your funds are at risk for one less day and you recover over 90% of your investment after two days.\u00a0 But, on the other hand, $500 is a lot of money to put into such a high risk venture — even for two days\u2026<\/p>\n

Earnings Examples.\u00a0<\/strong><\/p>\n

First, let\u2019s assume an investment of $100 in Plan #1.\u00a0 Since it provides a return of 37.5% per day, you will receive a daily return of $37.50.\u00a0 After three days you will have received $112.50 and you will have broken even.\u00a0 Finally, when the plan ends in four days, you will have received a total of $150, for a net profit of $50.\u00a0 So, you will have made $50 profit on $100 in only four days\u2019 time — which is pretty amazing.<\/p>\n

Next, let\u2019s assume an investment of $1,000 in Plan #2.\u00a0 For a return of 46.67% per day, you will receive a daily return of $466.67 per day.\u00a0 After the plan ends in three days, you will have received a total of $140 and will also have broken even.\u00a0 So, your net profit will be $40.\u00a0 So, you have earned $40 in only three days\u2019 time.<\/p>\n

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

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

CoinIt <\/a>offers two very lucrative short-term investment plans.\u00a0 One is four days long and the other is only three.\u00a0 Because of the high returns, the program is probably reserved for the more adventuresome investor — in spite of the fact that the lengths of the plans are extremely short.\u00a0 This would be the person who is willing to take a risk in hopes of making quick profits.\u00a0 It is doubtful that the program will appeal to the conservative investor.<\/p>\n

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This program moved to PROBLEM status! Do NOT invest there! In our recent \u201cFirst Thoughts\u201d article about CoinIt, we included complete information about the company\u2019s investment plans.\u00a0 So that we will have this information in … CoinIt – Review<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":7721,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2808,2816,2813,2814,2815,2822,2819,2817,2818,2821,2820],"class_list":["post-7726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reviews","tag-coinit","tag-coinit-info","tag-coinit-investment-plan","tag-coinit-investment-program","tag-coinit-news","tag-coinit-review","tag-coinit-scam-or-paying","tag-coinit-update","tag-coinit-updates","tag-httpst-mecoinit_bot","tag-httpst-mecoinit_botstart796535615","exalt-entry"],"yoast_head":"\nCoinIt - Review - 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=7726\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CoinIt - Review - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"This program moved to PROBLEM status! 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