Beware! BitWave has stopped paying! Do not invest there!

Hi everyone! I hope you’re all keeping well after the weekend. I was kept busy with a with a brand new addition to the MNO monitor called BitWave, analysing the good points and the weak for the review I want to start today’s update with. BitWave is another of mostly what I would call a “perpetual program”, in other words once you join and make a deposit there is no fixed term. BitWave will continue to pay you for how ever long the program manages to survive. Now whether that’s going to be a day, a week, a month, or a year I really can’t say. But once you are in then that’s it, you stay in and you keep getting paid until such a time as you decide you want to leave. The only stipulation is that you must remain a member for at least 48 hours, which will of course mean 48 payments, but after that the rest is up to you depending on your own personal strategy. Anyway, let’s see what BitWave is all about and whether you like it enough to join or not.

Putting it into the most basic terms, as outlined above the plan has no expiry date and pays investors an hourly interest rate. The exact figure will depend on the size of your deposit, and as is typically the case in HYI programs bigger and bigger deposits are favoured with the more preferential rates. The minimum requirement for joining is $10 and for everything up to $999 BitWave are offering an hourly interest payment of 0.15%.

With such a high maximum here I imagine this is where most investors will be, so let’s look at a theoretical example of how that might play out in monetary terms. If you were to have for example a $100 deposit you would earn $0.15 every hour, or $3.60 every full day. But when it comes time to release your principal you should only expect to get $95 back from the full hundred so while still profitable it makes a lot more sense to leave your principal in place a bit longer and continue earning. After that it’s a simple matter of you deciding on what the best investment strategy is for you personally and making the appropriate calculations. To expand on that a bit further, 0.15% per hour gives 3.6% interest per day, 7.2% by the time you can release your principal, 25.2% interest per week, and would allow you to double your money in just short of 28 full days.

Just for the record, bigger spending investors can claim 0.17% interest if their principal is in the region of $1,000 to $4,999, and 0.2% interest per hour if you are prepared to join BitWave with $5,000 or more.

If you decide to join then the next thing you need to be aware of is what payment methods are available to you. As you can probably tell from the name of the program BitCoin features very prominently on BitWave but it’s by no means the only option open to you. Something that most investors will like is that all withdrawals up to $500 going to PerfectMoney, Payeer, BitCoin, LiteCoin, and DogeCoin are processed instantly. Requests higher than $500 plus anything going to Ethereum, BitcoinCash or Dash (the other payment methods accepted in BitWave) require manual approval though should still be paid by the admin within a 24 hour maximum. Note that when you are eventually looking to leave BitWave and get your principal back you just need to look for the Release Funds button located under the Fund Management tab in your account. I’ll just remind you that, especially if you are leaving early, that you take into consideration the 5% withdrawal fee applied on any principal withdrawal which can be either full or partial.

Looking at the design and security aspects of the website BitWave is running off the ever popular GoldCoders script and is under license. Even experienced investors may not recognise this at first however as the BitWave admin (or maybe his programmer) have had it heavily modified to suit the program’s own unique needs and requirements. For a hosting provider the admin has BitWave on a dedicated server with the support and protection from malicious attacks by ProManaged. And for an added layer of protection the BitWave website comes with an SSL certificate by Let’s Encrypt Authority for improved security on financial transactions and generally safer browsing. From inside your member’s area you will be able to further secure your BitWave account by enabling the Two-Step Google Authenticator tool there. Further transparency can be found with a Payment Proofs page that has been included where you can track all the latest payouts to members.

If you have any further need to get in contact with the admin of BitWave or any further questions or account related issues that need to be dealt with, then there are a couple of ways you can go about it. However as the FAQ section is quite extensive you should definitely start with that. If that doesn’t work then next up is the Live Chat option which you can use to find an operator by clicking the widget on the bottom right hand corner of any page on the BitWave website. Otherwise you can either fill in the customer support form on the website’s support page and submit it online, or else just write to the admin directly at the e-mail address listed alongside the form. Fans of social media will be able to connect with BitWave on Facebook and Twitter, plus there’s a telephone number to go with the program’s UK certificate of incorporation. Further support issues can be raised through the official BitWave Telegram group.

If anyone is interested in the alleged business activities backing up the payments to investors, it’s claimed that BitWave is a self described “cryptocurrency fund management company”, however there’s very little practical information to back this up that you could research and investigate for yourself. And of course, even if it were true that still doesn’t mean it always has to be necessarily profitable all the time. Therefore you shouldn’t really treat BitWave any differently from other programs around at the moment. So just make yourself aware of the possible dangers, and spend accordingly. Don’t disappoint yourself with unrealistic expectations, set yourself a sensible spending limit you can comfortably afford to lose, and if you do decide to join BitWave then try and keep them as a smaller part of a diverse and balanced portfolio.

Before I finish with the review of BitWave and move on to today’s news updates I would like to ask if anyone reading this has their own opinions on the program? Good, bad, or indifferent, I hope you won’t mind sharing them with your fellow readers. It takes literally a second to vote, is totally anonymous, and will make for more interesting reading once we are looking back at the program at the end rather than looking forward at the start. In other words how many people would make a good and bad judgement call looking at the program today. Please answer the following question:

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DAILY NEWS FROM THE HYIP INDUSTRY

WEENZEE – NEW OFFICE IN VIETNAM OPEN

The latest news from Weenzee which has recently reached the well-deserved #1 position on the MNO Premium List after putting lots of investors in profits after three months online concerns the opening of an office with a physical location in Vietnam’s most populous Ho Chi Minh City. That seems like another logical step forward on the way of the program’s Asian expansion as the administration continues targeting countries like Indonesia, China, Malaysia, and others for spreading the word on the earning opportunities it offers. If you are not familiar with this wonderful program and haven’t yet read the detailed review of Weenzee posted here I’ll just remind you of a few points. You may join Weenzee for a $30 minimum using your PerfectMoney, BitCoin, LiteCoin, Ethereum, BitcoinCash, Dash, EthereumClassic, Eos, Ripple, or Zcash wallets. You are then allowed to choose your own investment term of 30, 60, 90, 180, or 360 calendar days during which your principal remains locked and is returned at the end of the chosen term. Over the duration of the investment term you’re paid a variable interest rate which usually hovers around the 1% mark depending on your term and whether you decide to convert your money into the internal currency called WNZ. You may then request your profits to be paid manually to a specified e-currency within 72 hours time (usually it takes much shorter than this to get paid). It might look simple at the first glance, but in actual fact the whole investment and withdrawal process can be complicated, especially for new investors unfamiliar with complicated scripts and the various unorthodox features you can find when dealing with a unique program like Weenzee for the first time. If you feel any difficulties you may always ask the friendly online support that are always there to assist you or just find an office in your native country and there there to have a closer look, like the one that is now available for Vietnamese people in Ho Chi Minh City, according to the latest report from Weenzee:

“OPENING AN OFFICE OF WEENZEE IN VIETNAM!
In a pleasant and friendly atmosphere, the top leaders of the WEENZEE Community hold training conferences and seminars where they discuss prospects and strategies for obtaining maximum income on the crypto market using the WEENZEE robotic system.
Speakers explain to the participants in a simple and accessible manner the basics of the blockchain, cryptocurrency. They also demonstrate the work of the personal account.
For the convenience of carrying out the events and improving financial literacy in Vietnam, an office opens at the address: No. 85, Nguyen Son Street, Phu Thanh Ward, Tan Phu District, Hochiminh City.
Great experience and creative approach are demonstrated by partners from Vietnam. Being as a good example they stimulate the scalability of the WEENZEE system and its community!
Open an office in your country and succeed with WEENZEE!”

MNO TALKBACK – POLL RESULTS AND NEW QUESTION ASKED

It’s time now to draw the final results of the latest poll that ran on the MNO TalkBack page over the last week. As you might know, over the last year or so BitCoin (as well as other major cryptocurrencies) have lost two thirds of their combined value on the market and people don’t trust them as much as before. Meanwhile, BTC, Ethereum and many others remain vulnerable to sudden market shifts due to which you may lose (or indeed gain!) up to a quarter of the value literally within hours. Many people actually love cryptocurrencies for that and actively trade them like shares or stocks with a similar strategy in mind – buy low, sell high. For the majority of people the sudden fluctuations in value might prove to be extremely inconvenient, especially when they deal with HYIPs. For instance, you invest your BTC and expect X-amount of profit within 5 days time, but then BTC value drops 20% and you actually end up at a loss if you wish to sell your BTC as soon as finish your investment cycle. Of course, the opposite could also happen and you could suddenly get an extra cash bonus on top of your potential profits from HYIPs, but in the current climate when BTC and others lose their value rather than gaining it that looks less likely. Given the current BitCoin rates I was curious about the number of MNO readers who still think it’s a wise thing to invest in HYIPs via cryptocurrencies, so for the latest TalkBack poll I asked the question: What type of currency do you prefer using for HYIP investments?

Given everything I have just said about the constant change of value for cryptocurrencies there was no wonder that the overwhelming majority of readers – 81% – voted for the option “Dollars (mostly PerfectMoney and Payeer)”. That is quite understandable given the relative fixed and stable value of USD, so when joining an investment program with dollars one can expect its value to remain almost the same and to get a fixed and predictable amount of profit at the end. Cryptocurrencies, on the other hand, was favoured for HYIP investing by just 13% of MNO readers who voted for “Cryptocurrencies (BitCoin, Ethereum, etc)”. Such fluctuations in value are a sticking point many investors would object to keeping in mind when trying to calculate their potential earnings. Finally for the remaining 6% of readers the point of whether investments into HYIPs are made via American Dollars or BTC and other cryptocurrencies remains largely irrelevant, as they voted “I have no preference”. And that is totally fine too, as variety gives investors a much broader choice, and they can make an investment into literally every HYIP whether working exclusively with cryptocurrencies, or accepting the USD-based payment processors. The HYIP admins though might make the right conclusion from the results of that poll, as the variety of accepted payment methods may just make or break their project by attracting much more investors looking to be able to be more flexible when it comes to accepted payment methods.

For the new question for the MNO TalkBack I would like to ask readers about instant payouts and how, if at all, their use might influence your decision to join any particular HYIP. No doubt these are popular things when introduced, nobody like waiting to be paid when they don’t have to, but on the other hand the absence of instant payouts has done nothing to prevent a program like Weenzee from becoming the most popular selection among MNO readers. My next question therefore for MNO readers is this:

How important a role do instant payouts play in your decision to join a program?

Possible answers can be taken from:

– They are essential, I will not join without them
– They are a welcome bonus but won’t influence me
– I consider them a security risk and avoid if possible

Hopefully a high number of you will participate (as is usually the case anyway) because this is of particular interest to HYIP admins as well as just regular investors. As always thanks in advance to everyone who takes the time and effort to vote. Remember it literally only takes a second to cast and all votes remain 100% anonymous, untraceable, and confidential at all times. I understand that there might not always be an exact choice ant that a lot of you will decide on a program-by-program basis, so just pick the pick the option that comes closest to describing your own opinion. The poll can be found on the MNO TalkBack page here, and will remain open for around another week or so. Long enough for anyone who wants to vote to have plenty of time to do so anyway.

GET PAID REPORT FOR 25/02/2019

Here is the list of the programs from my monitor that paid me for the last 72 hours:
From MNO Sticky list: –
From MNO Premium list: Weenzee, BitAeon, BitBoots, CoinIcor, InstantMiningLimited, BitWave.
From MNO Standard list: Hooplex.
From MNO Basic list: –

That’s about all for today guys. Thanks for reading, and I’ll be back later in the week to update you on what’s going on in the HYIP industry and its biggest programs in the next MNO blog post. You should also keep an eye on the MNO monitor where I try my best to give you the most up-to-date status of every single listed program. If you wish to get instant notification on program status changes and would like to know the moment a new promising program is added to the MNO monitor please follow MNO on Telegram, Facebook, or Twitter – the three main social networking platforms I work with most closely. If you’re more inclined to making a more thorough read instead then please subscribe to the regular updates to be delivered straight to your mailbox you can submit here. And do not forget that I’m here for you to answer all the questions you might have – whether they are in regards to the monitored programs or the state of the HYIP industry in general. There are three main ways to contact me – directly at abramsonp@gmail.com, via this Contact form, or chat with me on Telegram @mnoblog. Please be more active on the MNO ShoutBox and share your opinions there and vote in the latest poll on the MNO TalkBack page. Thanks a lot for your active contribution to the MNO portal and I hope to see you again in a few days time with more news from the HYIP industry. Stay tuned with MNO – For Money Lovers!