{"id":14810,"date":"2017-10-01T11:01:56","date_gmt":"2017-10-01T17:01:56","guid":{"rendered":"http:\/\/money-news-online.com\/blog\/?p=14810"},"modified":"2017-11-09T07:45:50","modified_gmt":"2017-11-09T13:45:50","slug":"01102017-biostry-review-daily-news-hyip-industry","status":"publish","type":"post","link":"https:\/\/money-news-online.com\/blog\/2017\/10\/01\/01102017-biostry-review-daily-news-hyip-industry\/","title":{"rendered":"01\/10\/2017. Biostry Review and Daily News from the HYIP Industry"},"content":{"rendered":"

Beware! Biostry has stopped paying! Do not invest there!<\/strong><\/p>\n

Hello all, hope everyone’s having a good weekend! There’s a couple of news stories to catch up on since my last post, keep reading for that in the news section, but mainly for today I want to concentrate on a new program called Biostry<\/a>. The program isn’t brand new in the strictest sense, it’s been online for about two weeks now, but in that time has become vastly improved over its original version. The admin of Biostry<\/a> first approached me for a listing on the MNO monitor<\/a> just over a week ago, but only returned to take it up once the website had been improved all round to the high standard it’s at today. It would also appear fortuitous, either in good timing or good luck, that so many investors are now returning to the industry at a time when there are arguably more good programs to choose from than at any other period since the early part of the year when we saw the last HYIP boom. So let’s see what it’s all about and if you would like to include Biostry<\/a> as part of your portfolios.
\n\"Biostry\"<\/a>
\nTo start with Bistro<\/a> is mostly what I would call a perpetual program. That means their main has an open ended investment term, no expiry date<\/strong>, so once you join they continue paying you for how ever long they manage to stay online. The question you need to ask yourself is do you think they can continue long enough for you to break even and start turning a profit on your investment, and if so then how much money are you prepared to risk on that being the case.<\/p>\n

There’s only two investment plans with Biostry<\/a>. Before I get to the numbers though I want to make it clear that the primary currency that Biostry<\/a> are working with is BitCoin. That doesn’t mean you can’t join using another payment processor and make an investment using dollars, you can, but your dollars are converted to BitCoin and that’s how your interest payments are made. You can withdraw them as you please, just keep in mind that exchange rates are volatile and unpredictable and probably won’t be worth the same value from one day to another.<\/p>\n

If you’re OK with that then the minimum investment required to join Biostry<\/a> is fixed at 0.001 BTC, or what ever its dollar equivalent is on the day. At the time of writing this works out at around $4.50, though I suggest you check with preev.com<\/em> for more accurate rates when you actually go to spend. The basic premise is that you invest money with Biostry<\/a>, and they pay you a daily interest rate for how ever long it stays online<\/strong> \u2013 be it a day, a week, a month, a year, or permanently<\/strong>. But once you are in you stay in, as Biostry<\/a> does not allow principal withdrawals<\/strong>. Once you\u2019ve established an amount that\u2019s affordable for you to risk with them, Biostry<\/a> are offering members a payment of 2.8% per business day<\/strong> (Monday to Friday).<\/p>\n

I can’t really give any practical example of how that will work out for you, it simply depends on what day you decide to join and what the future holds for Biostry<\/a> after that point. It should be noted though that the plan isn’t exactly as profitable as you might calculate at first. Reason being that Biostry<\/a> have a 3% withdrawal fee. That means that for every dollar you request, you actually receive $0.97 cents. In monetary terms then a $100 deposit should earn $2.80 per day, except you cover the fees charged to the Biostry<\/a> admin so receive $2.71. It’s not a big deal, I suppose some will argue the admin should just adjust the interest rate to absorb the fee, in reality it’s always paid by the investor anyway whether they know it or not though. What it means is that it takes you one extra day to reach the break even point and start earning a profit than it would if you were getting the full 2.8% that’s advertised. So it’s around 14% interest per week, and around seven weeks to reach the break even point and start profiting.<\/p>\n

The second plan is a more recent addition, only being offered for the first time over a month after the program started. Basically it runs for a term of 7 calendar days<\/strong>, with interest payments being made on business days only<\/strong>, Monday to Friday. Biostry<\/a> offer 2.4%<\/strong> per day, adding up to 12%<\/strong> in total by the time you get your final payment. That then becomes your final profit once the Biostry<\/a> admin returns your principal as promised. this one is a lot more expensive than the industry average to join by the way, coming with a 0.01 BTC minimum price tag, or around $60 at current exchange rates.<\/p>\n

If you like the investment plans and fancy your chances of taking a profit from Biostry<\/a> then the next thing we need to discuss is what are your payment options. As I explained already Biostry<\/a> operate in BitCoin<\/strong>, therefore BitCoin is the favoured investment method. If you don’t like or don’t use BitCoin then you can use PerfectMoney and AdvCash<\/strong> and invest with dollars, though this will still be changed to BitCoin at the exchange rate of the day. Payeer<\/strong> is expected to be added sometime this week. Payment requests are made instantly<\/strong> but will still have to be lodged from inside your Biostry<\/a> private members account area. Once done you should have the money in under a minute, though as always do take into account the confirmations needed when using BTC. Remember too that Biostry<\/a> have a minimum withdrawal policy. You need to be owed at least 0.0005 BTC before the transaction is made, approximately $2 at the time of writing. When setting up your account with Biostry<\/a> you will need to establish a six digit PIN code for all transactions. Don’t make it too easy to guess (like a date of birth, etc), memorise it, and keep a hard copy offline.<\/p>\n

On the technical, design, and security side of things Biostry<\/a> is better than average. Not running off a generic mass-produced script, though initially I must admit I mistakenly believed it was a custom built script developed especially for the program. Not quite, the admin later corrected me, instead you find a very user friendly product called DQscript developed by a company called Devquill. I can’t say I’ve ever heard of them myself, but the Biostry<\/a> admin seems happy enough with the whole thing. The website is kept under the close protection of GeniusSecurity from malicious DDoS attacks while hosted on a dedicated server. For an added layer of security for their members, the Biostry<\/a> website has an extended validation seal from Comodo that provides SSL for safer browsing and more secure transactions.<\/p>\n

If you think there\u2019s anything I didn\u2019t cover in this review and you have any further questions you would like to put to the admin or any account related issues that need fixing then you have a couple of ways to get in touch. You can either fill in your details on the online support form and submit via the contact page, or else just write directly to the admin at the address listed. Assuming you’ve already read through the FAQ section, you might prefer to start with the Live Chat which seems to be working 24\/7. Obviously I can’t personally confirm that, even I need to sleep at some point of the day, but every time I visit the Biostry<\/a> website it looks like a support operator is there. I\u2019ll just mention in passing that Biostry<\/a> go on to list a postal address in the UK where they also claim to be a registered company, which is something you should dismiss as it\u2019s quite easy to get this without any serious level of scrutiny. Addresses when genuine are really only used for formal registration purposes and not where you would find anyone connected with the program physically located. The admin uses this to somehow claim there is a guarantee about member’s deposits, though needless to say who you would claim this guarantee from is not mentioned. It certainly won’t be your payment processor anyway! Fans of social media will find Biostry<\/a> well connected on most of the main networks, including Facebook, YouTube, and Skype which you can use for additional Live Support.<\/p>\n

A very sensible policy of gradual advertising will help and cut the costs of running in the earlier stages. I can only suggest that you not lose sight of the fact that even the best HYIP in the world is still just a HYIP and comes with a degree of risk. That will not change, no matter how much personal success you achieve with the program. Claims that Biostry<\/a> are involved with \u201cbiotechnology research and development<\/em>\u201d. Good luck proving that! So as always, remember to establish a sensible and affordable spending pattern that you can comfortable live without were it to vanish, and if you do join Biostry<\/a> then try to keep them as part of a wider more diverse portfolio.<\/p>\n

So what do you all think of all that? Is Biostry<\/a> something you think you want to join or will it stay on the \u201cmaybe\u201d list? Please answer the following question, and hopefully it will be a good indicator of how many of you had the correct gut instinct about the program:<\/p>\n

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Will you make an active deposit in Biostry<\/a>?<\/strong><\/p>