{"id":14877,"date":"2017-10-18T16:40:58","date_gmt":"2017-10-18T22:40:58","guid":{"rendered":"http:\/\/money-news-online.com\/blog\/?p=14877"},"modified":"2017-12-14T08:09:03","modified_gmt":"2017-12-14T14:09:03","slug":"18102017-bitcy-review-daily-news-hyip-industry","status":"publish","type":"post","link":"https:\/\/money-news-online.com\/blog\/2017\/10\/18\/18102017-bitcy-review-daily-news-hyip-industry\/","title":{"rendered":"18\/10\/2017. Bitcy Review and Daily News from the HYIP Industry"},"content":{"rendered":"

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

Hi everyone! Hope you\u2019re all keeping well today. There\u2019s a few news stories to catch up with as the business week progresses, and I’m pleased to say it’s getting better since the start of the week as I have two brand new programs from the MNO monitor<\/a> to introduce this evening. More on that in the news section, but first I want to talk about another new addition to the MNO monitor<\/a> earlier in the week that I think some of you might enjoy. It’s called Bitcy<\/a> which as the name might imply works exclusively with BitCoin. But just to be clear about something, when I describe Bitcy<\/a> as new I just mean it’s new to MNO, the program actually first came online at the end of September. Long enough for a cycle of it’s first plan to be completed and put the first members into profit. So let\u2019s take a look at what exactly Bitcy<\/a> are bringing to the online investments industry and if you think you have room for them in your HYIP portfolios.<\/p>\n

Basically what you have in front of you if you decide to sign-up with Bitcy<\/a> is a series of investment plans organised along some very different lines. They vary greatly with regard to term length, going from shorter to more long term. I have to say from the outset though, and I know this will be stating the obvious for experienced players, but most of them are really not feasible. They will serve only to separate newbies from their cash, but don’t let that put regular players off the more genuinely workable options.
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\nThe minimum deposit required to join each individual plan varies and I should warn you that some are quite expensive so won\u2019t be suitable for all of you. On the other hand you will only need a 0.005 BTC minimum spend to get involved at all so you\u2019ll all find something in Bitcy<\/a> no matter what your budget. However the program does not follow official BitCoin to dollar exchange rates. Instead they have their own fixed rate where they give a rate of one BitCoin to $4,000. So please remember to base all your calculations according to that.<\/p>\n

The first option is called The Casual Plan<\/strong><\/em> and this is what requires the minimum 0.005 BTC. At the exchange rate offered by Bitcy<\/a> this is $20. The term runs for 15 calendar days<\/strong>. During that time Bitcy<\/a> will pay you 2.3%<\/strong> interest per day on your deposit. By the end of the term that will have added up to 34.5%<\/strong> at which point Bitcy<\/a> return your principal<\/strong>, meaning the 34.5% remains as your net profit<\/strong>. The maximum amount you are allowed to deposit in this plan is 0.25 BTC by the way, or $1,000. Granted there are more profitable plans out there in the industry, indeed there are more profitable plans within this very program, but it\u2019s not a bad place to start if you think this might be a stable performer but really don\u2019t want to wait for the other longer term options to mature. But this could comfortably be sustained for a pretty good number of cycles, whereas I can’t say the same for all of the others.<\/p>\n

If you don\u2019t mind a substantially bigger financial gamble then take a look at Bitcy<\/a>‘s second option, called The Optimal Plan<\/strong><\/em>. It offers better daily payments but requires a much higher minimum than the previous plan. Bitcy<\/a> require at least 0.25 BTC to join, and you may spend anything up to a 2.5 BTC maximum limit. The term runs for 25 calendar days<\/strong> during which you should expect a daily interest payment of 2.6%<\/strong> on your deposit. That would add up to 57.5%<\/strong>\u00a0net profit<\/strong> by the time of expiry when Bitcy<\/a> will return your principal<\/strong>.<\/p>\n

Your third choice changes direction somewhat, and might have actually been the most popular plan were it not for the prohibitive cost of joining. It’s called The Ultimate Plan<\/strong> <\/em>and it makes hourly payments. The rate is 0.13% paid every hour for 1440 hours<\/strong>. This is 60 calendar days in total<\/strong>, adding up to 187.2%<\/strong> by the end. This then becomes your total net profit once Bitcy<\/a> add your principal on top of that<\/strong> in a separate payment. Sounds good but unfortunately it will set you back at least 2.5 BTC to find out if it’s any good, too rich for most investors I’m afraid. Though if you can afford it, Bitcy<\/a> accept anything up to a maximum limit of 25 BTC.<\/p>\n

Bitcy<\/a>‘s remaining plans are all single payment on expiry of fixed length terms<\/strong>, and with the exception of the next one better suited for the big spending players, so if that includes you then I hope you know what you\u2019re doing. We continue then with The Deluxe Plan<\/strong> <\/em>which runs for 15 business days<\/strong>, not the same as the first option described above which is calendar days. The difference this time is that Bitcy<\/a> only make one payment, a return of 155%<\/strong> which includes your principal made after the final day is complete. So that’s your own money back plus 55% net profit<\/strong>. The minimum cost of joining is 0.025 BTC, or you can spend as much as 1.25 BTC. To be honest if I was absolutely forced into joining any of the on expiry plans this would be the only one I would even think about, and even then with the minimum deposit only.<\/p>\n

I\u2019ll go through all the details of the remaining plans for you here anyway, though to be blunt this is purely for information purposes only as few people with a working knowledge of the HYIP industry are going to take them seriously. Bitcy<\/a> continue with what’s called The Professional Plan<\/em><\/strong>. It runs for 60 business days<\/strong> and offers one payment on expiry, principal included, of 1,200%<\/strong>. And please note I did stress the word \u201coffers\u201d a payment, not \u201cmakes\u201d one. The spending limit is from a 1 BTC minimum to a 10 BTC maximum.<\/p>\n

The Premium Plan<\/strong> <\/em>runs for 100 business days<\/strong>. Bitcy<\/a> accept a minimum deposit of 0.5 BTC, anything up to a maximum of 5 BTC, and offer 7,000%<\/strong> back on expiry, principal included.<\/p>\n

Next is The VIP Plan<\/strong><\/em> which runs for a much shorter term of 20 business days.<\/strong> Bitcy<\/a> ask for between 5 BTC and 12.5 BTC to join, and offer a return of 550%<\/strong>, principal included, on expiry.<\/p>\n

And finally we come to The Luxury Plan<\/strong><\/em> with a running term of 40 business days<\/strong>. Bitcy<\/a> require an investment between 2.5 BTC and 10 BTC in order to join. On expiry of the term they offer members a single payment of 1,700%<\/strong>, principal included.<\/p>\n

Incidentally, there is another way to make a little extra cash from Bitcy<\/a> apart from investing with them. They recently introduced the so-called Bounty<\/em> program which rewards members for posting their positive experiences with the program on various social media platforms and the like, and also includes things like video reviews, forum signatures, etc. it’s probably the only distinguishing feature about them by the way, setting them apart from 99% of the other run-of-the-mill HYIPs out there. If you feel that’s something you’re adept at and don’t mind some promotional work \u2013 and why not, you’re getting paid for it after all \u2013 then check out the Bounty<\/em> page on the Bitcy<\/a> website for more details.<\/p>\n

As for the payment options, well, I think I covered that already when I said Bitcy<\/a> works exclusively with BitCoin<\/strong>. Payment requests are made manually by the admin and need to be requested from inside your member’s account area. Just log-in and submit it as usual it and the admin will take it from there. According to the official terms and conditions the admin reserves the right to take as long as 72 hours<\/strong>. In reality my own admittedly brief experience with them has been they tend to be much faster than that. A more pertinent observation here however is that anything other than instant payouts tends to make the hourly payment plan rather useless, which is probably a moot point anyway given that few could afford to join it to begin with. However you should also make allowances for the payment confirmations needed when working with digital e-currencies.<\/p>\n

The Bitcy<\/a> website is designed to an acceptable standard, nothing out of the ordinary but certainly has what you should expect as basic minimum requirements from any program you join. It\u2019s running off a licensed GoldCoders script which most regular investors being familiar with its operation. Bitcy<\/a> is hosted on a dedicated server by CloudFlare with their tech support and protection from malicious attacks. For an extra layer of protection Bitcy<\/a> also has a superior Green Bar Extended Validation SSL encryption certificate by GeoTrust for safer browsing and more secure transactions. There’s a handy \u201cget started<\/em>\u201d guide included on the website too, good for newbies I suppose but really there’s nothing complicated here at all for regular industry players.<\/p>\n

Communication between admin and investors is also taken care of. As always though make sure the first thing you look at is the Bitcy<\/a> FAQ section if anything is unclear to you. Should you need to get in contact directly if you have any further questions or account related issues then you will need to fill in your details on the support form found on the contacts page and submit it. Alternatively you can also write directly to the admin at the listed e-mail address. You’ll notice a built-in Live Chat widget on the bottom right hand side of the Bitcy<\/a> website as well. Click on it first to see if an operator is is available, it might save everyone a lot of time and effort if you can get your queries dealt with in real time there.Bitcy<\/a> are also well connected with the most popular social media sites, keeping profiles on the likes of Twitter, Facebook, and a Telegram account.<\/p>\n

First impressions would lead me to think that Bitcy<\/a> has on one hand a certain amount of potential while on the other hand some obvious limitations. Using the funds raised from the more unrealistic plans to pay the members in the only seriously viable plan is a common enough tactic but will only get them so far when there’s only one payment handler for example. As for the alleged business activities of Bitcy<\/a>, it’s claimed that they are involved with crypto currency trading, though as always I\u2019d suggest you not take it too seriously as there\u2019s nothing there to actually prove it. So even if it looks good to start with, remember that the risks are still great so it\u2019s essential that you at all times stay within a sensible spending limit, and always try and diversify your portfolios.<\/p>\n

So what do you guys think? If you\u2019ve already come to a decision about whether Bitcy<\/a> is suitable for you or not then perhaps you wouldn\u2019t mind sharing with the other readers and answering the following poll. Remember it\u2019s 100% anonymous and untraceable, and will eventually tell us how many people were right to go with their first impressions of the program either for better or worse. It can also indicate what standards people expect from a HYI website before they are prepared to part with their money.<\/p>\n

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