I'm going to start with a classic disclaimer
(this is not investment advice, these are my thoughts, opinions, and personal experience)
i recently got into bit petite after seeing it a few times and doing some research i didn't find much but that's to be expected.
why i expect this, partially based on what information is available for most other HYIP, considering even the most popular one bit connect has very little information available on it, its not much of a surprise bit petite has slim to no information available.
open investments began may 20, 2017
instant payouts once withdrawal limit of 500,000 sat is reached
Min. withdrawal amount is 0.005 BTC (10.00 USD), 0.01 ETH or 0.10 LTC (3.00 USD)
Facebook= https://www.facebook.com/bitpetiteLTD/?ref=br_rs
Twitter = https://twitter.com/Bitpetite_LTD
Reddit = basically empty
Bitcoin talk= few posts nothing too special
Steemit = few posts, only one so far that is helpful https://steemit.com/bitpetite/@rollycustodio1/what-is-bitpetite
I'm noticing people are creating fake profiles for bit petite and placing their referral code as the website link
(of the 5 twitter accounts 4 have referral links in website area several of the Facebook )
there is great referral incentive especially if referrals spend more than 10k
so be careful who you support with your referral.
referral description (taken from site 10/18/17)
Extra partner reward
There is also an additional partner reward: we pay 3% of the money all your Level 1 referrals earn together. As soon as your Level 1 referrals invest $3000, your reward will increase to 5%; starting from the $5000 total investment, you'll be getting 7%; and if the total investment of all your 1 Level referrals reaches $10,000 or more, your additional reward will be 10% of their total earnings.
payment description(taken from site 10/18/17)
Investors
Invest with us! Minimum daily earnings from 3.97% on weekdays and 1% on weekends. We offer higher interest and a broad choice of deposit terms. You may deposit as little as $10. All deposits and payments are made in Bitcoin. Freeze the current bitcoin exchange rate for the term of the deposit and receive your returns in dollars. Withdrawals are made immediately upon request. Make your deposit and start earning today.
How are my earnings accrued without conversion to USD?
For instance, you invest BTC at 4.5% per day without conversion to USD. For each 1 BTC you invest for 6 weeks, you will receive 0.045 BTC a weekday. Your weekly earnings will be 0.245 BTC (5 weekdays at 4.5% and 2 weekend days at 1%).
How are my earnings accrued with conversion to USD?
For instance, you invest BTC at 4.5% per day. BTC are converted to USD at the current exchange rate at the moment of deposit, let's say 1 BTC = 950 USD. For each 1 BTC you invest for 6 weeks, you will receive $42.75 a weekday. Your weekly earnings will be $232.75 (5 weekdays at 4.5% and 2 weekend days at 1%). The payback period will be 4 weeks. Your earnings will be calculated in USD at the same exchange rate as at the time of the deposit. At the time of withdrawal, your earnings will be converted to BTC at the exchange rate current for the moment of payout.
note deposit amount fluctuates with btc\eth\ltc prices part of the above statement is untrue
btc .005
eth.035
ltc.25
Review:
my personal opinion is that this is a VERY risky investment and you should only spend what you can afford to lose, if you follow my provided compounding method you can easily double your money within the 6 week term or potentially collect from bit petite daily for as long as the site lasts
instant payouts once withdrawal limit of 500,000 sat is reached
i say this is a risky investment because you are participating in a money tumbler ran by anonymous people
what they do is most likely not legal and will eventually be taken down again my personal opinion, but with that said if it goes 30 days you make you initial investment back and if you complete a single 6 week term you get 147% if you complete the 9 week term you get 180% there is no capitol release at end of term, instead you are paid an hourly dividend 24 times per day.
during the 6 week term you get 4.5% per week day 1% per weekend day timer is (00:00) @ 5pm PST during the 9 week term you get 3.8% per weekday and 1% per weekend day. these numbers work out the the 147% and 180% respectively
on average 2000 people have been joining bit petite per day and this number will continue to grow until it becomes unsustainable or some party gets greedy.
being a money tumbler bit petites main business is facilitating anonymous transactions by laundering the money through various accounts. this service is very similar to what dash offers for anonymous transactions, and after thinking about this i also wonder about the other "pseudo-anonymous transacting currencies "
money laundering is a very profitable business. it has proven uses and is extremely effective if done properly therefore it is a "valuable" service and several currencies offer similar features within the coin itself
"Every year, more than $300 billion in concealed transactions is moved around the United States, according to a U.S. Department of the Treasury report on money laundering and terrorist financing threats."source(https://www.fbi.gov/stats-services/publications/financial-crimes-report-2010-2011)
how to beat bit petite and WIN BIG
its actually relatively simple COMPOUND, COMPOUND, COMPOUND
i will be providing links to some spreadsheets I've constructed below
basically you deposit enough of whichever currency you can afford
ONLY USE BTC->BTC ETH->ETH LTC->LTC
USING THE USD->BTC/LTC/ETH IS ONLY GOOD IF YOU WANT TO BET THAT THE MARKET WILL GO DOWN.
so far btc -> btc has been very profitable for me especially since btc has gone up drastically in the past few days. making my payout go from ~25$ to ~30$
the goal is to deposit enough into your account so that you can make a daily withdrawal and redeposit it compounding the dividend you receive the next day, since you only get 1% on the weekends you will most likely only be able to compound on the weekdays unless you have 2500$ or more invested and in that case you are really "cooking with gas" as your investment will more or less double in 30 days .
btc deposit amount to start 6week/.1119 9week/.14
eth deposit amount to start 6week/0.225 9 week/ 0.28
ltc deposit amount to start 6week/2.25 9week/2.8
there's a couple strategies i've devised from here depending on how risk averse you are
- compound for 28days then withdraw daily and collect appx 200% by the end of a 42 day term
2.compound for a (set period) collect daily after set period
with daily compounds and a 63 day term you can scale infinitely and collect once you have extremely large daily payouts(within the 6mo-1yr range )6mo = 25k+ 1yr=500k+ it climbs exponentially as you move further into the future
- compound daily and withdraw every 8 days (can go as low as every 4days and last 150+days )if you compound daily then withdraw and keep one payout every 8 days you can sustain-ably pay yourself forever theoretically as your expiring contracts never catch up with you, this method would net you 2.5 million over 2 years source: www.youtube.com/watch?v=qcZzTW0gBOc
if you have any questions feel free to ask.
i personally am planning to compound for 6 months, i may potentially break my investment up over several accounts and play the spread, have one cashout as soon as it breaks even on what i invest , have one go 3 mo, one go 6 mo and have 1 run indefinitely
remember guys in risky investments cash out early cash out often, don't get caught holding the bags.
links
referral https://bitpetite.com/?aff=abvemining
btc plan 1 https://docs.google.com/spreadsheets/d/18tXxhhmFXFY1gM-4zobYA7-q8_WNEZHhhckhXvin8nI/edit?usp=sharing
btc inf chart https://docs.google.com/spreadsheets/d/1emBNWfIJj_zQMhyhuT1PQho060JKKSseA1EZlJLu0Z4/edit?usp=sharing
btc 200 day https://docs.google.com/spreadsheets/d/18tXxhhmFXFY1gM-4zobYA7-q8_WNEZHhhckhXvin8nI/edit?usp=sharing
btc 250 day https://docs.google.com/spreadsheets/d/1BrUsvb-4QErghn_yPTJxf2HU4JUQWfO8ofa_c6OA1cw/edit?usp=sharing
btc 330 day https://docs.google.com/spreadsheets/d/1uGVop3mTBAaaM1DqiCzm9hBF8MdF_eZaEBI9-wustX4/edit?usp=sharing
eth infinite chart https://docs.google.com/spreadsheets/d/1-ZrJ6Dm7xUYFMdYsbzvCoxi9Dze2qXntlYfv6RU6X8U/edit?usp=sharing
my profile
my deposits
be careful to always deposit in the correct area, i accidentally did btc to usd and its slowed down my compounding
my withdrawals
proof
stay up
referral https://bitpetite.com/?aff=abvemining
i hope this was helpful, please take charts with a grain of salt my math may not be perfect and they were originally intended for my eyes only but i feel like sharing