{"id":843,"date":"2017-05-02T07:02:58","date_gmt":"2017-05-02T07:02:58","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=843"},"modified":"2017-06-03T10:29:55","modified_gmt":"2017-06-03T10:29:55","slug":"biksbit-review","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=843","title":{"rendered":"Biksbit — Review"},"content":{"rendered":"

This program is now CLOSED! Do not invest there!<\/strong><\/p>\n

Biksbit <\/a>LTD apparently is a well-established company that that \u201cextracts, processes and sells its production in the form of precious stones both to the representatives of the jewelry industry, and to the industrial representatives of various industries.\u201d\u00a0 They claim that the \u201cindustrial use of gemstones, rubies in particular, is a far more beneficial way of earning income for Biksbit<\/a>.\u201d\u00a0 For purposes of attracting private investment, the company incorporated in Great Britain in March of 2016 and went online at that time.\u00a0 However, it is only recently that the company has actively been promoting its investment programs.<\/p>\n

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

Biksbit <\/a>has located its gemstone processing plants in Baotou, Inner Mongolia, China \u201cwhere there are minimum prices for electricity and favorable conditions for business activities.\u201d\u00a0 The company is now conducting expensive explorations seeking additional deposits of precious stones.\u00a0 Some of this work is taking place in Greenland where deposits of rubies and associated stones are being investigated.\u00a0 Additional explorations are taking place in Sierra Leone where diamond deposits are located as well as in Sri Lanka.\u00a0 These are long-term projects designed to provide reliable income for the company for decades to come.\u00a0 However, in order to help support this exploratory work, Biksbit <\/a>is seeking funds from investors worldwide.\u00a0 Due to the lucrative nature of the gemstone business, they are able to offer high profits to their investors.\u00a0 Their website is dedicated to this effort to attract investors.<\/p>\n

Biksbit <\/a>offers eight investment plans.\u00a0 There is truly something for everyone.\u00a0 Some return your principal at the end of the investment term while others return it along with your interest earnings.\u00a0 Some pay interest on a daily basis while others hold all interest till the end of the investment term.\u00a0 To simplify matters somewhat, I am going to break the investment plans into two categories: those that pay interest on calendar days and give you your principal back at the end of the investment term and those that calculate interest on business days and include your principal along with interest earnings as a single payment at the end of the investment term.<\/p>\n

Here is a listing of the plans:<\/p>\n

***Calendar Days (principal back)<\/em><\/p>\n

Pro<\/strong>
\n2.16% for 25 days
\n$10 – $600
\nDoes not break even.
\nNet profit = 54%<\/p>\n

Emerald<\/strong>
\n2.36% for 45 days
\n$2,000 – $40,000
\nBreaks even in 43 days.
\nNet profit = 106.2%<\/p>\n

Sapphire<\/strong>
\n2.80% for 65 days
\n$1,000 – $50,000
\nBreaks even in 36 days.
\nNet profit = 182%<\/p>\n

***Business days (principal included)<\/em><\/p>\n

Grandidier<\/strong>
\n450% after 18 days
\n$5,000 – $50,000<\/p>\n

Ruby<\/strong>
\n300% after 30 days
\n$1,000 – $50,000<\/p>\n

Red Diamond<\/strong>
\n1,100% after 37 days
\n$2,500 – $40,000<\/p>\n

Diamond<\/strong>
\n700% after 60 days
\n$750 – $40,000<\/p>\n

Imperial<\/strong>
\n1,600% after 90 days
\n$500 – $30,000<\/p>\n

Let\u2019s begin by taking a look at the first three plans that pay you your interest earnings on a daily basis and then return your principal as a lump sum at the end of the investment term.\u00a0 I\u2019ll use the first plan, the PRO plan, as an example as that is probably the plan that the typical HYIP investor is most likely to choose.\u00a0 First of all, since the plan pays 2.16% interest per day, your total net interest earnings for the investment term of 25 days will be 54% (2.16 x 25).\u00a0 Since you aren\u2019t making 100% of your investment, you don\u2019t break even during the investment period.\u00a0 You will have to wait till you get your principal back on day 25 at which time your total return from the plan will be 154% (your net interest earnings plus your principal back).\u00a0 As a numerical example, if you had invested $500, your daily interest earnings would be $10.80 (500 x .0216) and your total net interest earnings would be $270 (10.80 x 25).\u00a0 At the end of the investment term you would get your $500 investment back for a total gross return of $770 (270 + 500 or 1.54 x 500).<\/p>\n

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

Taking a quick look at the next plan up, the 2.36%, 45 day, Emerald plan, you can see that this plan will break even during the investment period after 43 days (100\/2.36).\u00a0 Your total net interest earnings for this plan will be 106.2%.\u00a0 And, after your principal is returned at the end of the plan, your gross return will be 206.2%.<\/p>\n

These plans are a bit tricky.\u00a0 Since the third plan, the Sapphire plan, has a lower starting investment limit and a higher interest rate, it might be tempting to use this plan.\u00a0 However, since its investment term is 20 days longer than the Emerald plan, you have to wait this much longer to get your principal back.\u00a0 So, although the percent yield is significantly better, your funds are at risk for 20 days longer.\u00a0 This is the classic dilemma with HYIPs.\u00a0 You are always given a carrot — an incentive — to invest in a higher interest program that carries a higher risk.\u00a0 If the program survives till the end of the investment term, you are a winner.\u00a0 If not, you could lose a significant amount of money.<\/p>\n

The next five plans are all based on business days and none of them return any of your earnings until the end of the investment term.\u00a0 This is important to remember when figuring out how long your money will be tied up with an investment plan.\u00a0 Assuming an average of 22 business days per 30 day month, it will take the 90 business day Imperial plan just about FOUR months to end.\u00a0 So, you will have to wait this long in order to receive even a penny from this plan.\u00a0 Very few HYIPs survive this long.\u00a0 Of course, we would like to think that Biksbit <\/a>will still be around in four months.\u00a0 But, if it turns out to be a typical program, this would be an extremely risky plan to invest in.\u00a0 Of course, the Imperial plan promises to pay you an astounding 1,600% after the 90 business day period.\u00a0 How\u2019s that for a carrot?<\/p>\n

On the other end of the spectrum is the Grandidier plan that pays you 450% after only 18 business days — almost a month.\u00a0 Let\u2019s call this 82% (18\/22) of a month.\u00a0 So, on a calendar day basis, you would be earning this 450% in roughly 25 (.82 x 30) days.\u00a0 This is gross earnings since your principal is included in it.\u00a0 Subtracting 100%, you have your net earnings of 350% in this 25 day period.\u00a0 On a daily calendar basis, this is equivalent to around 16% (350\/25)!\u00a0 This is an astounding daily rate of return.\u00a0 Compare this to the PRO plan that only pays 2.16% per calendar day.\u00a0 One wonders what is going on.\u00a0 The catch is that the Grandidier plan requires a minimum investment of $5,000.\u00a0 Again it is the classical HYIP decision.\u00a0 Is it worth risking a large sum of money in order to possibly make such a large profit?<\/p>\n

I\u2019m not going to do any more arithmetic on the Biksbit <\/a>program.\u00a0 Clearly, with so many different investment plans, there are countless possibilities.\u00a0 Think carefully about their pros and cons before making a decision of which plan to use and how much to invest.\u00a0 Perhaps you might even want to go through some arithmetic like I just did in order to help you decide what to do.<\/p>\n

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

Biksbit <\/a>has a very good selection of payment processors that you can use.\u00a0 At present, it includes: Payeer, Perfect Money, Bitcoin, Payza, and AdvancedCash.\u00a0 The minimum deposit that you can make is $10 and the minimum withdrawal is $1.\u00a0 These are pretty much the industry standards.\u00a0 Withdrawals are promised within 36 hours but, typically, are handled much more quickly than that.\u00a0 I think it\u2019s a good idea for a company to give themselves some slack in this regard.\u00a0 There may be very legitimate reasons why a company cannot process withdrawals as quickly as they would like.\u00a0 A few days grace can give them time to work out issues that may be delaying the withdrawal process.<\/p>\n

Biksbit <\/a>has a very respectable affiliate program that pays commission on deposits made by your downline for four levels below you rather than the usual three.\u00a0 So, for the aggressive recruiter, there is considerable opportunity for sizable affiliate commissions.\u00a0 On top of this, Biksbit <\/a>recently announced that the minimum deposit required to participate in their representative program has been decreased to a very affordable $100 (see our news commentary about this here<\/a>).\u00a0 There appears to be no additional referral commission for reps.\u00a0 However, reps can have their contact information listed on the BiksBit <\/a>website.\u00a0 This could be a great help in attracting new sign-ups to the program as many investors will appreciate the opportunity to deal personally with their upline sponsor.<\/p>\n

Support from Biksbit <\/a>is very good.\u00a0 Most important, there is live chat.\u00a0 This is always the preferred contact method as it can enable the investor to get his questions answered immediately.\u00a0 I\u2019m not sure what the hours of live chat feature are.\u00a0 For starters, it is probably safe to assume that it\u2019s open during business hours in the UK.\u00a0 Anything more than that, I would regard as a nice bonus.\u00a0 There is also an email address and the standard contact form. \u00a0Finally, there is a UK phone number that residents of that country might want to try.\u00a0 I wouldn\u2019t be too optimistic about getting a live answer.\u00a0 But, who knows?\u00a0 You might be pleasantly surprised\u2026<\/p>\n

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

Biksbit <\/a>is an interesting company that offers a large variety of investment plans.\u00a0 There is truly something for everyone.\u00a0 Some of the plans are more suited to the conservative investor while others have the potential for very high returns, albeit with a high level of risk.\u00a0 So, you might want to consider adding Biksbit <\/a>to your investment portfolio.\u00a0 As always, we advise that you also invest in other programs and \u201cdon\u2019t place all your eggs in one basket.\u201d\u00a0 And, of course, never invest more than you can afford to lose.\u00a0 Good Luck!<\/p>\n

*********************<\/p>\n

To the Admin: We always welcome comments on our reviews \u2014 pro or con \u2014 and we will be happy to publish them in the Emily News<\/em> blog.<\/p>\n

*********************<\/p>\n

Please don\u2019t forget that you can post your screenshots of payment, scam, or other proofs related to a program by clicking on the \u201cDetails<\/a>\u201d button in the Emily News<\/em> monitor.\u00a0 Also, don\u2019t forget that you can add your referral link when you post your proofs — another way to build your downline.<\/p>\n

*********************<\/p>\n

If you like this review, please share it by using the social media buttons below.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

This program is now CLOSED! Do not invest there! Biksbit LTD apparently is a well-established company that that \u201cextracts, processes and sells its production in the form of precious stones both to the representatives of … Biksbit — Review<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[79,80,59,10,68,78,73,20,21,61,17,18,63],"class_list":["post-843","post","type-post","status-publish","format-standard","hentry","category-reviews","tag-biksbit","tag-biksbit-scam-or-paying","tag-honest-hyip-review","tag-hyip","tag-hyip-investment","tag-hyip-investment-plan","tag-hyip-investment-program","tag-investment-plan","tag-investment-plan-review","tag-investment-plans","tag-investment-program","tag-investment-program-review","tag-investment-programs","exalt-entry"],"yoast_head":"\nBiksbit - 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=843\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Biksbit - Review : Different HYIP investment blog. 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