26th June 2016: Pending – DO NOT INVEST!
The only unique thing about Goodly Bit is the quirky name which doesn’t make any sense in English. But, what does make sense is that this is another HYIP to invest bitcoin in that is performing strongly. Whether it actually does cloud mining who knows, and honestly, who cares?
Obviously this is a HYIP which is a very risky form of investment, so if you are new to them – best to start with my basics page. OK, now that’s out of the way let’s take a look at how good GoodlyBit is.
Goodly Bit offers four plans based on how much you invest. All plans are principal included which means that your initial deposit is part of the paid profit, and that you can’t withdraw your initial deposit. The first is 10% daily for deposits up to 5 BTC which is far more than I recommend to invest in a HYIP. This will see you get to 100% ROI in 10 days and then its all profit. Other plans are 12%, 15% and 18% daily but will require larger deposits which is just madness – so, just forget the other plans.
Minimum investment is only 0.001 BTC which is great for you noobs to get some experience with HYIP investing. The minimum withdrawal is 0.0001 which is also great as you will be able to withdraw everyday and get some confidence – until it scams that is. The site is bitcoin only, profits are paid once daily, and withdrawals are instant at time of writing.
The site is professional looking and pretty mush the standard issue nowadays for bitcoin HYIPs. The running stats on the page seem legit and are a good way of tracking the performance. Although, being principal included there isn’t much you can do once you invest. The user section is the standard offering and works as you would expect.
All the information is available on the front page and in the FAQs so you can get it all before signing up which is a nice touch, and becoming more common. As usual, to get started, just sign up using a bitcoin wallet address, log in, and deposit some bitcoin to the address given. The plan will be automatically selected for you when you specify the deposit size. There is no compounding available, so you will have to reinvest if you want to do this.
I rate Goodly Bit as “good” (sorry, last one I swear). This is mainly due to the short term of the plans available allowing 100% ROI in just 10 days. However, this type of plan is higher risk, but I feel 10 days running is realistic. Advertising is moderate and it’s reputation is growing quite quickly, so we should see at least 10 days. Although, it has been running for 4 days now, but it still should be OK. I recommend between 5 and 10% of your portfolio as an investment, with some re-investment in the first few days to build up your invested position. Remember the risks.
As always, don’t invest bitcoin you can’t afford to lose, and remember to check the progress of all my investments on my bitcoin HYIP monitor page.