If you have been following me for a while you would know that I don’t mind a new company that has something to do with bitcoin trading, and Bitcoin160 just happens to be one. I initially passed on it and have regretted it ever since. I don’t often invest bitcoin in a HYIP that has been running for a while, but I think this one has the potential to keep delivering for some time.
First things first – this is a HYIP, and if you are not familiar with HYIPs then best to check out my basics page and get some more information. However, if you do know your way around HYIP investing, then let’s take a look at why Bitcoin160 might be a great investment.
Although it has been running for over 20 days I don’t think it is too late to invest for a few reasons. The main reason is the type of plan that is offered, but it is also due to the quality of admin running the program as well as the reputation it has built up within the industry.
Bitcoin160 keeps it nice and simple with a single plan of 4% daily for a term of 40 days. This is a total return of 160% (hence the name) and you will see 100% ROI in 25 days. Keep in mind that this is a ‘principal included’ HYIP so your deposit can not be returned.
This type of plan is a very popular format for HYIPs and is similar to Coince which ran for about 8 months. This should give you an idea of how stable they can become when well run. The minimum investment is $20 (or 0.03 BTC) and the site accepts bitcoin as well as many other payment processors.
|Type||Details (if given)|
|Date Started||20th September 2016|
|Original Plans||1. 4% daily for 40 days
|Hosting Location||Rostov, Yaroslavskaya Oblast', Russia|
|Company Address||Capital Office, 152-160 City Road,
London, EC1V 2NX
|Contact Phone||not given|
|Registrar Details||not given|
The website for Bitcoin160 is pretty flashy and put together well. The story is believable, but would probably make the more serious ‘real-investors’ doubt it. Everything works as it should, and there are no nasty surprises waiting for you after you deposit. As a bonus, it has DDOS protection, and even features the COMODO green bar.
|16th October||Sign up and add initial investment. Alexa rank: 185,958|
|17th October||Payment received, instant withdrawal. Alexa rank: 159,547
Investors: 1,381. Deposits: $91,216. Withdraw: $34,376
|18th October||Payment received, instant withdrawal. Alexa rank: 148,743
Investors: 1,431. Deposits: $98,896. Withdraw: $37,053
|19th October||Payment received, instant withdrawal. Alexa rank: 145,417
Investors: 1,470. Deposits: $100,317. Withdraw: $39,016
|20th October||Payment pending - problems. Alexa rank: 140,573
Investors: 1,508. Deposits: $101,417. Withdraw: $39,449.
Risk rating changed to red
Another demonstration of why you don’t invest in HYIPs that have been running for a while.