{"id":15237,"date":"2018-02-06T14:46:57","date_gmt":"2018-02-06T20:46:57","guid":{"rendered":"http:\/\/money-news-online.com\/blog\/?p=15237"},"modified":"2018-02-10T05:12:04","modified_gmt":"2018-02-10T11:12:04","slug":"06-02-2018-bitxgroup-review-daily-news-hyip-industry","status":"publish","type":"post","link":"https:\/\/money-news-online.com\/blog\/2018\/02\/06\/06-02-2018-bitxgroup-review-daily-news-hyip-industry\/","title":{"rendered":"06\/02\/2018. BitXGroup Review and Daily News from the HYIP Industry"},"content":{"rendered":"

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

Hello all! I guess winter is finally giving way to spring for the most part for many MNO readers by now as the first week of February is behind us. I still have a lot to occupy my time here on MNO as my vacation time takes me to Cambodia today for my first ever visit here, and there’s no shortage of news stories either. I\u2019ll be introducing another brand new addition to my monitor a bit later on in the news section so keep reading for more info on that. If you prefer to check out some older programs by the way don’t forget to have a look at the most recent article on the MNO Top Five programs posted here<\/a>.<\/strong> The main point of today\u2019s article however will be BitXGroup<\/a>. That\u2019s the name of a brand new medium term program that joined the MNO Premium List<\/a> just a few days after opening. So let\u2019s take a closer look at what they are all about and whether you think BitXGroup<\/a> is a HYIP worth having in your portfolio.
\n\"BitXGroup\"<\/a>
\nI suppose we’ll get started as usual then with the investment plan, the main reason most people will be interested in BitXGroup<\/a> in the first place. There’s three of them in total, though despite being relatively few in number you couldn’t hope for a more diverse selection, with something that will appeal to a wide cross section of HYIP investors. I’ll start with the longest term plan because it also happens to be the most affordable option. It’s called The Standard Plan<\/strong><\/em> and it runs for <\/strong>a term of 50 calendar days<\/strong>. BitXGroup<\/a> require a $20 minimum deposit if you would like to join. In return for this the admin offers investors a daily interest payment of 3.5%<\/strong>. The same rate applies to all deposits, big and small, regardless of the amount you spend. BitXGroup<\/a> include your principal as part of the payments so it won’t be returned on expiry in a separate payment. That means that your final return which adds up to 175%<\/strong> is your own money back plus 75% net profit<\/strong> for yourself.<\/p>\n

If we take a simple example then of how that might work out in monetary terms, let’s say you join BitXGroup<\/a> under this plan with a $100 deposit. BitXGroup<\/a> should then pay you back at a rate of $3.50 every day for the following fifty days. You reach the break even point, that is to say earn back an amount equivalent to your principal and therefore making it impossible for you to lose money, after 29 days. Everything you withdraw from BitXGroup<\/a> from that point on is pure net profit. All things going according to plan you should eventually be able to walk away with $175, your own initial hundred plus $75 in net profit.<\/p>\n

The second option changes direction completely and is organized along some very different lines. It’s called The Business Plan<\/strong><\/em> and is measured in terms of hours not days this time. You will need at least a $300 deposit to make a minimum investment. In total it runs for 540 hours<\/strong> which adds up to 22 \u00bd days<\/strong> in total. During this time BitXGroup<\/a> is offering members an hourly interest rate of 0.25%<\/strong>. That adds up to 6% over the course of a full 24 hour day, and 135%<\/strong> in total by the end of the term. As BitXGroup<\/a> are again including your principal as part of the payouts that leaves you with your own money back plus 35%<\/strong> as your net profit<\/strong>. You reach the break even point after 400 payments (in other words 400 hours, or just under 17 full days) so the remaining 140 payments (hours) make up your profit.<\/p>\n

The third and final plan sees BitXGroup<\/a> reduce the minimum required to join to $50, though just one single payment on expiry<\/strong> is offered this time. It’s called The Traders Plan<\/strong><\/em> and it runs for a term of 10 calendar days<\/strong>. It’s quite simple really, make a deposit here and ten days later BitXGroup<\/a> offer to pay you back 115%<\/strong>, principal included. So that’s your own money back plus 15% net profit<\/strong>.<\/p>\n

So if you like any of the plans enough to join them (there’s also a handy profit calculator which might help you make a choice) then the next thing you\u2019ll want to hear about is what exactly are your payment options. Personally I think the choice is pretty good, and focused more on crypto currencies. You can join BitXGroup<\/a> by using any of PerfectMoney, Payeer, or AdvCash<\/strong> if you prefer the more traditional style payment processors, or BitCoin, LiteCoin, Ethereum, and BitcoinCash<\/strong> if you favour the more modern style crypto-currencies. A nice extra is the fact that all payouts are made instantly<\/strong>. Just log in to your BitXGroup<\/a> account as usual and make the request, and you should see the money in your payment processor in under a minute.<\/p>\n

On the subject of BitCoin by the way, please be aware that for now there is a slightly higher minimum withdrawal requirement here compared to the other options in BitXGroup<\/a>. It’s nothing major, but could cause some confusion for smaller investors if you aren’t aware of the policy. So basically for most payment handlers BitXGroup<\/a> require that you request $2 or more in order for the transaction to be processed by the script. In the case of BitCoin this request will need to be $3 or more.<\/p>\n

Moving on to the more technical, design, and security aspects of the program, despite a deceptively simple design BitXGroup<\/a> is actually up to quite a high standard. And personally I don\u2019t see anything wrong with keeping things uncomplicated anyway. The hosting provider is OVH, who I think are widely accepted as a decent standard service provider, and they are keeping BitXGroup<\/a> on a dedicated server with their support and protection from DDoS attacks. For an added layer of protection the BitXGroup<\/a> website features a superior Green Bar SSL Extended Validation certificate for encryption by Comodo for safer browsing and more secure transactions. As for the script that the BitXGroup<\/a> website is running off, I think even most of the regular players may not recognize it straight away as it isn’t used very often, although over the years I’ve still seen a number of decent programs using it. It’s called DQScript and it’s licensed from Devquill Developers. Like most of the HYI programs that I remember using this product BitXGroup<\/a> is just as easy to navigate and user friendly as any of the others. Also included is a short video about BitXGroup<\/a>. Partially promotional and partially instructional, it’s already been embedded on the MNOVision page<\/a> so you can view it here<\/a> if you like.<\/p>\n

If you still have any unanswered questions about the program, just looking for further info, or have any account related issues you need to have dealt with then there\u2019s a couple of ways you can get in touch with the admin or his support team. For members with general enquiries about the program you can either fill in your details on the customer support form and submit it via the contacts page, or else just write to the admin directly at the e-mail address listed. A postal address is included in the UK which as usual I suggest you ignore as being very unlikely to be anything other than a virtual hosted office used for correspondence only. There’s a certificate of incorporation there too. Fans of social media sites will find BitXGroup<\/a> with an active profile on and Facebook. For Live Chat support the program lists a Skype account, plus the website has a built-in Live Chat widget you can find in the bottom right hand corner, so check to see if you can find an operator there first before sending off any e-mails.<\/p>\n

As for a business plan (that is, alleged business plan) supposedly supporting the payments to investors, BitXGroup<\/a> tell us they are involved \u201cbitcoin mining and trading<\/em>\u201d. No further specific details are mentioned and nothing you can research and verify for yourself. Not that I\u2019m suggesting you waste your time by doing so, because even if any of that was the truth you still need to remember it doesn\u2019t do a thing to guarantee the safety of your investment which can be lost at any time without warning. So as with everything you find in the online HYIP industry, remember to behave responsibly because nobody else will cover your mistakes for you. Set yourself a sensible spending limit that you can comfortably afford to lose, and if joining BitXGroup<\/a> at all then at least try to keep them as a smaller part of a wider more diverse portfolio.<\/p>\n

Just before we move on to the news section I want to finish up with BitXGroup<\/a>, at least for today anyway, by asking what readers think of it. You can weigh up the pros and cons of joining, and decide whether it\u2019s a risk you think worth taking. I hope then that you won\u2019t mind answering the following opinion poll question, which is as always 100% anonymous and only takes a second to complete. Thanks to everyone who votes, as it will make interesting reading maybe not today but several weeks from now when we look back on BitXGroup<\/a> and see how it has developed by then:<\/p>\n

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