Buying Cryptocurrency, Coins, Editor's Choice, Faucets, Markets, News, Signals, Trends

A Year Ago, Bitcoin Price Dropped By $2000…

btc price

…will history repeat itself?
…what has caused the price drop?
…is this “the beginning of the end, or the end of the beginning’?

We will not answer any of these questions.

We will let the magnificently informed, all-round knowledgeable and brilliantly versed cryptoreporters google queries such as “why btc fell“, “bitcoin prediction 2019“, “hard fork definition” so they’d at least stop staring at the specs of the new iPhone and maybe did some writing.

Similarly, we will not comment upon various pleasant characters likes of George Soros giving hush-hush statements along the lines of “Bitcoin is nothing but a bubble…” just so (with the aid of aforementioned “journalists”) the price drops enough for Soros’ own (surprise!) cryptocurrency fund enters the market on rather more favorable terms.

As for Warren Buffett

“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”

…we will not discuss Berkshire Hathaway investing $600 in two fintech firms, – that’s like so two-week-old news.

We will humbly remind our readers that Bitcoin faucets’ rewards increase during market downtimes:

Register on MoonBitcoin

Register on FreeBitcoin

Register on BonusBitcoin

Register on BitFun

(although EoBot is is still under review, the cloud mining platform also has a faucet)

…oh, how about that BitcoinCash rumoured fork?

Don’t forget about MoonBitcoincash

Last, but not least, – in case anyone expects a price hike following a price dip and feels reckless enough to risk buying some Bitcoin while the price is low, but does not feel to navigate through exchanges, arguably the most convenient and instant way to buy Bitcoin online is Changelly (accepts Visa, Mastercard… and about 100 cryptocurrencies)

Changelly interface for buying bitcoins


As it’s a wallet-to-wallet service, no “deposits” are needed: once a user enters the desired amount, inputs the recepient’s wallet address (no wallet – no problem; it can be created on the spot), makes a purchase and… receives coins within minutes.

Unfortunately, the minimum purchase amount is $50, however the conversion rates are good and the speed+simplicity of the process counterbalance the cons. In addition to that, Changelly offers crypto-to-crypto exchange services. Changelly might not be the cheapest option on the market, but is a trustworthy, reliable and user-friendly choice (Changelly on Trustpilot).

P. S. We do not offer financial advice. We are neither encouraging anyone to purchase Bitcoin, nor are we hypothesising that the price will necessarily go up after yesterday’s dip. All information is published for entertainment and educational purposes.

Buying Cryptocurrency, Coins, Electronic Currency, Faucets, Markets

The Real Value of Coinpot Tokens

Chart showing btc price of $6,368
*this is not a signal nor a hint!

…sigh. 

How is this related to the value of a Coinpot Token, one might ask?

As we previously mentioned in the Coinpot Token Value, Price and Worth series of articles, one possible utility of the Coinpot Token balance is immediate access to acquisition of five currencies: Dogecoin, DASH, Bitcoin Cash, Bitcoin and Litecoin.

As always, we cite the important list of CT conversion terms:

  1. There is NO FEE for conversion

  2. The conversion rate is the CURRENT rate – this is likely to fluctuate during the day

  3. The conversion will be done instantly. The specified amount will be debited from your coinpot tokens pot and the converted amount will be credited to your other coin pot straight away.

Let us calculate how much Bitcoin 100 Coinpot Tokens can buy today.

100 Coinpot Tokens = 0.00000171 BTC (or 171 Satoshi)
0.00000171 BTC = 0.00966162 USD (or roughly $0.01)

Ergo, 

100 Coinpot Tokens – $0.01

The value of Coinpot Tokens is tied to fiat. Converting the Tokens to any of the five currencies takes seconds.

Now, an example: imagine if Coinpot Tokens existed last year. On the 15th of November, 1 BTC was worth $7,283.22.

Price of Bitcoin on 15th November 2017 of $7,283
Bitcoin to USD: 15th November 2017

Say a hypothetical Coinpot Token HODLer was meticulously grinding Tokens by visiting each of the seven partnering Coinpot faucets, saving up 1,000,000 Coinpot Tokens (which is not that difficult, as a matter of fact).

Suddenly, our HODLer had a dream… And sold his entire Token balance for BTC. As we remember, the fiat price of a Coinpot Token is stable, so for 1,000,000 Tokens, the hyppthetical HODLer would purchase $100-worth of Bitcoin.

Price of Bitcoin on the 15th of December 2017
15th of December 2017: BTC to USD

A month later, however, when Bitcoin closed at $17,604,85… The HODLer would possess the same amount of Bitcoin he exchanged his Tokens for, however the USD value of his cryptocurrency would, ehm, significantly increase.

In short: HODLing Coinpot Tokens offers a speculative opportunity applicable to 5 currencies.

(interestingly enough, the Cointiply pseudo-Bitcoin/Dogecoin faucet’s rewards are also fiat-tied, offering similar opportunities, albeit limited by long withdrawal timeframe)

Now, what is the reason for Bitcoin‘s price plummeting is a topic for a separate article, however if the Bitcoin fell in light of the rumours surrounding the Bitcoin Cash fork… Hey, doesn’t Coinpot also feature a BCH balance?..

In any case, isn’t it an interesting time to be a Coinpot Token HODLer?

Bitcoin major price drop stated on Cryptocompare
Source: Cryptocompare

*Disclaimer: under no circumstance should any form of content published on this website be regarded as financial advice. We are not offering financial advice, we do not encourage or discourage decision-making in relation to investing or management of financial assets. All publications are written for entertainment and education purposes. We describe anecdotal experiences, state subjective opinions, report upon personal observations, quote widely available third-party sources and attempt to answer popular questions to the best of our knowledge and ability. We kindly ask our readers to employ rationality, critical thinking, analytic approach to information processing. Cryptocurrency market as a whole poses multitudes of risks, is full of dishonest operations, widespread false news. 

Coins, Faucets, Markets

Coinpot Token Value & Price: What Can You Do With Coinpot Tokens

coinpot token
Today, 100 Coinpot Tokens convert to:

Bitcoin at the rate of 100 CT = 0.00000147 BTC
Bitcoin Cash at the rate of 100 CT = 0.00001787 BCH
Dogecoin at the rate of 100 CT = 1.65937629 Doge
Litecoin at the rate of 100 CT = 0.00015822 LTC
DASH at the date of 100 CT = 0.00005108 DASH

Let’s take Bitcoin Cash as a conversion tool.

coinpottokentousd
Source = Google

Today, 1 Bitcoin Cash = $545.67
0.00001787 BCH = $0.0098
100 Coinpot Tokens = $0.0098

This correlates with our previous calculations.

We cautiously assume that the value of a Coinpot Token is tied to the current fiat value of cryptocurrencies and is constant. 

100 Coinpot Tokens, so far, always “sold” for circa $0.01. Which means that Coinpot Tokens are the fiat of your Coinpot balance. If that is correct,

1000 Coinpot Tokens = (circa) 0.10$
10000 Coinpot Tokens = (circa) $10
(etc.)

We recommend every faucet user to create a cryptocurrency portfolio. It is 100% free, great for putting things in perspective and learning how to structure a basic investment portfolio is a transferrable skill. Once a sample Coinpot sub-section is created, a user can see the real-time and historic value of the earnings (naturally, the earnings from other faucets can be added too, however let’s stick to Coinpot).

Cryptocompare offers a comprehensive database and an intuitive, user-friendly interface.

cryptocompare
(read more: Investing and Trading: Starter’s Tools“How to build your cryptocurrency portfolio”)

This slideshow requires JavaScript.

Upon creation of an account and the necessary update of the balances according to individual figures, a Cryptocompare-hosted Coinpot “portfolio” will look like something along the lines of:

coinpotearnings
Acquisition Cost is set at 0% since the faucet income came with no direct fiat investment

…where “profit” and “loss” are changes to the current value of total balance, whether in USD, BTC, ETH, Gold, or anything else (and a ton of additional tools).

Whatever a user plans to do with Coinpot cryptocurrency earnings is up to personal discretion. Amongst the things one can do with your Coinpot Tokens is:

1. Add a +X fiat to the value of the earnings and time spentCoinpot Tokens can be viewed as the USD reward for the Moon Faucet activity.

If the stated assumptions and calculations are correct, at the moment, every user is rewarded with $0.0003 per visit to each of the seven Coinpot faucets.

Whether it is the popular MoonBitcoin, or a less popular (for some strange reason) MoonDash.

(off-topic: amongst the five currencies offered by Coinpot, DASH is, potentially, the most interesting coin; alas, somewhat overlooked)

BitFun becomes the biggest fiat-value generator, – since 3 Coinpot Tokens can be claimed every 3 minutes (instead of 5, or 15) and the claiming process is, arguably, the quickest (no ads… well, we can’t recall seeing any).

2. If fauceting in expectation of all five cryptocurrencies’ prices to rise in the long run, one can use the Coinpot Tokens as a way to “diversify” the mini-portfolio, buying a bit of every currency daily.

3. …or, in fact, anything one would do with fiat. Taking into consideration that:

– Coinpot Tokens’ value is determined by Coinpot and the Tokens have no use outside the multicurrency faucet income aggregator.
– If Coinpot decides to devalue the Tokens, they will be devalued without notice. 
– If Coinpot disappears, Coinpot Tokens will disappear. 
– Our calculations are rough estimates and do not take into consideration the fees one would face when converting the Tokens to any other currency (Coinpot charges no conversion fees and 0% withdrawal fees over certain amounts; other exchanges do).

P. S.

At the time of writing, minimum withdrawal amounts from Coinpot are:

Bitcoin: 0.0001 BTC = $0.66
Bitcoin Cash: 0.0001 BCH  = $0.054
Litecoin: 0.002 LTC = $0.12
Dogecoin: 50 Doge = $0.29 USD
DASH: 0.0002 DASH = $0.038154

…meaning that the cheapest possible way of making a Coinpot withdrawal is not Doge and not even Bitcoin Cash, but DASH

Markets, News, Scams, Signals

DogeMoon.cc Scam, General Warning – Your Doge are at Risk!

dogecoin price
Source = Freedoge

Just yesterday we wanted to warn that, despite the changes of the price of Dogecoin, Dogemoon.cc “faucet” did not react and pretended to pay out the minimum amount which did not change.

Freedoge.co.in slashed their minimum roll win from 0.22 to 0.09, Moondoge (MoonDoge.co.in is a legitimate faucet which has nothing to do with DogeMoon.cc!!!) have also reduced the speed of gathering Dogecoin by more thant half, while DogeMoon.cc did nothing. It was a clear warning bell, but we have warned our readers so many times that we decided that it was unnecessary…

To all those, who have invested their Dogecoin in Dogecoin Cloudmining services = NOW IS A VERY TEMPTING TIME FOR SCAMMERS TO MAKE A RUN FOR IT WITH YOUR INVESTMENTS.

Dogecoin is inflationary, which means current price rise is exceptional and cannot last forever. Hence, we sense many cloud mining sites shutting down.

Buying Cryptocurrency, Coins, Editor's Choice, Faucet News, Faucets, Featured, Markets, Mining, News, Scams, Signals, Trends

Ode to Dogecoin

Upon our first visit to Freedoge.co.in today, we noticed that the minimum roll win amount has dropped down to 0.17 (it was at 0.21 Dogecoin per hour minimum just a few days ago) DOGE.

dogecoin
(Quiz – ask yourself – What does this indicate?)

Continue reading “Ode to Dogecoin”