Coins, DMYF, Faucets, Guías en Español, Guide, Important

Coinpot Faucets: Guía

(¿quieres probar si los retiros se pueden realizar a diario? Lee la versión simplificada relacionada de este artículo de 75 Doges Al Dia)

(probado y probado: los faucets son 100% legítimos. No hay spam, no hay virus, diseño agradable y pagos diarios instantáneos, garantizados y pagos fácilmente precalculados a cualquier wallet externa… … puedes retirar tus ganancias a una billetera personal, o a cualquier billetera relevante de un intercambio, como CoinExchange, o muchas otras, donde puedes vender tus monedas por fiat (“dinero real”, o cambiarlo a otras monedas de tu preferencia)

Todos los faucets a continuación funcionan a través de la reputable multi-wallet coinpot.co (desde julio del año pasado).

El proceso de registro toma un segundo. El registro en Coinpot te permite ingresar a los faucets ingresando la dirección de correo electrónico que usaste como nombre de usuario para Coinpot. No es necesario ingresar una contraseña

No necesitas tener wallets existentes necesariamente, ya que tu address será generada internamente.

Screen Shot 2018-02-20 at 15.21.18

Página principal de coinpot.co

P: ¿Ese es el “truco”?

R: En realidad no. Ni siquiera tenemos una wallet en DASH, solo usamos la address de Coinpot. ¿Por qué no tener cinco monedas almacenadas en un solo lugar? Sin embargo, para tu seguridad, siempre se recomienda guardar sus monedas en una wallet con la máxima seguridad posible.

Tan pronto como realices un reclamo de faucet, los fondos se transferirán de forma inmediata y automática a su cuenta de Coinpot. A diferencia de Faucethub, es solo una multiwallet con un número estrictamente limitado y seleccionado a mano de socios de faucet; No es un agregador de faucets.

Coinpot ofrece un intercambio interno de criptomonedas sin comisiones a las tasas del mercado, lo que hace que los retiros sean extremadamente fáciles. Nota: esto es importante.

Coinpot ofrece un retiro sin comisiones a cualquier billetera externa (los retiros mínimos son extremadamente bajos)

Una vez que esté allí, tendrá acceso a su saldo, estadísticas y más características.

Screen Shot 2018-01-31 at 17.19.07
Screen Shot 2018-02-12 at 12.56.23
Screen Shot 2018-02-12 at 12.20.11

P: ¿Cuánto tardan los retiros? ¿Cuánto cuestan? ¿Hay un mínimo?
R: Las ganancias de los faucets se transfieren a su billetera inmediatamente. Al igual las ganancias de sus referidos. Si desea transferir los fondos de Coinpot a otra billetera, aunque Coinpot declara que tardan 48 horas, generalmente es mucho más rápido (minutos). Comisión: GRATIS (por encima de un cierto mínimo, que es bajo! 10,000 satoshies el retiro mínimo en cualquier lugar, esto no tiene precedentes).

Retiros de monedas a wallets externas (no te preocupes, al seguir los consejos de nuestro sitio web, ganará las cantidades mínimas en un instante. Y las monedas llegarán a su billetera en cuestión de minutos u horas):

Moon faucets:


(NOTA: todos los faucets de Moon ofrecen un bono “misterioso” de hasta el 100% y un bono acumulado de lealtad (intenta acceder a un faucet al menos una vez al día); el bono Misterioso es una bendición. Más sobre cómo utilizarlo mejor, – lea a continuación y eche un vistazo a nuestro blog).

LITECOIN:

Litecoin Faucet – LTC (puedes reclamar tus ganancias cada 5 minutos. Recomendado: cada 25-30 minutos)


Así es cómo se ve un reclamo de Litecoin Moon… ¡Mira la estructura de bonificación!


DOGECOIN:

DOGECOIN FAUCET– DOGE (puede reclamar sus ganancias cada 5 minutos. Recomendado: cada 25-30 minutos)


Las monedas se “acumulan” hasta que hagas un reclamo… Pero no lo dejes mucho tiempo!


DASH:

DIGITAL CASH FAUCET – DASH (puedes reclamar tus ganancias cada 5 minutos. Recomendado – cada 25-30 minutos)
(sugerencia: no ignores DASH. Esta moneda tiene un gran futuro)

BITCOIN CASH:

BITCOIN CASH FAUCET– BTH (puedes reclamar tus ganancias cada 5 minutos. Recomendado: cada 25-30 minutos)

BITCOIN:

BITCOIN FAUCET – BTC – (puedes reclamar tus ganancias cada 5 minutos. Recomendado: cada 25-30 minutos ). También ofrece una opción de minería incorporada.


La estructura de “mining bonus” de Moonbitcoin

Otros socios de Coinpot (solo bitcoin):

Además de los faucets de MOON, Coinpot se asoció con los siguientes faucets de Bitcoin:

BITCOIN BONUSPuede reclamar satoshi cada 15 minutos (recomendado – cada 15 minutos).

En mi experiencia, el “promedio actual” fluctúa de 28 a 32 satoshi por 15 minutos.

BIT FUNreclama satoshi cada 3 minutos (recomendado – cada 4 horas). También ofrece juegos que son gratis para jugar.


Página principal de BitFun (los dados no están disponibles actualmente … Pero el Faucet es tan fácil cómo…

P: ¿Cuánto puedo ganar?
R: Eso depende únicamente de tí. A continuación puedes encontrar un cálculo de las ganancias diarias básicas de BonusBitcoin. En nuestro blog, puede encontrar consejos detallados sobre cómo aprovechar su tiempo al máximo.

A continuación, puede encontrar un desglose de la estructura de acumulación de pagos de Moon Faucets, relevante para el 6 de Marzo del 2018. Utilice la tabla sólo como referencia: no toma en cuenta el bono de misterio, el bono de lealtad, el bono de minería, los ingresos de offerwall o el bono de referidos. Como máximo, las cifras se pueden multiplicar por 300%, más la tabla de ganancias fluctuará de acuerdo con los cambios en el mercado

Como se ha mencionado antes, la forma más rentable de reclamar sus ganancias de cada uno de los faucets es cada 30 minutos. Asegúrese de que ingrese al menos una vez cada 24 horas o perderá su bono de lealtad!

Naturalmente, una vez que haces una reclamación, el “temporizador” se regresa a 0 y las monedas comienzan a acumularse nuevamente.

CONSEJOS:

¡Nunca, nunca te pierdas un día! Inicie sesión para realizar un reclamo al menos una vez cada 24 horas, o … ¡Su bono de lealtad se regresará al 1%!

  • Establezca sus reclamos de BonusBitcoin faucet a Average (promedio) (en nuestra experiencia, maximiza los pagos; si multiplica el promedio de 30 satoshi, puedes ganar … 2880 satoshi por 24 horas solo con BonusBitcoin; excluyendo los ingresos de ofertas y referidos y excluyendo el 5% del multiplicador de los ingresos diarios).

“Change your claim settings” (cambiar la configuración de los reclamos) se puede hacer aquí.
  • Fíjate en los Bonus de Misterio de los Moon Faucets. Dado que puede multiplicar sus ganancias hasta el 100%, es muy importante.
  • BonusBitcoin paga un bono agregado del 5% sobre el satoshi que ganaste durante las últimas 24 horas.
  • Puedes hacer un montón de monedas extra en los Offerwalls de los sitios web. ¡Algunas de ellas son una forma muy fácil, divertida y rentable de ganar rápidamente miles de monedas!

Offerwall de Moon Bitcoin
  • Ya sea que prefieras el captcha de “imagen” o de “texto” depende de tí. Encontramos que el captcha de texto se resuelve más rápido. Lea más en la sección de consejos útiles.
  • Para su seguridad, recomendamos ejecutar cualquier faucet en una cuenta sin privilegios de administrador e, idealmente, utilizar un navegador de sandbox.

TOKENS DE COINPOT

¿Qué son los tokens de Coinpot? ¿Cuánto cuesta un Coinpot Token? ¿Cuánto vale un Token Coinpot? ¿Cuánto es un token de Coinpot en Bitcoin? ¿Cuánto cuesta un Coinpot Token en USD? …

Después de CADA acción en CADA Faucet relacionado con Coinpot, obtienes TRES Tokens de Coinpot. Además, una ficha de Coinpot por cada acción de sus referidos. Puede usar los tokens de Coinpot para apostar en el sitio web de Coinpot, o guardarlos … Porque puede CONVERTIR el saldo de su Token de Coinpot en CUALQUIER moneda compatible con Coinpot. Los Tokens de Coinpot se pueden convertir a DASH, DOGE, BITCOIN CASH, BITCOIN y LITECOIN. Esto abre una serie de posibilidades:

  • Puedes usar Coinpot Tokens para aumentar el saldo de una moneda que quieras retirar.
  • Puedes jugar con las tasas de cambio y multiplicar tus monedas … ¡si aplicas alguna reflexión al proceso! Recuerde, – el precio y el valor de un Coinpot Token es VOLATIL, al igual que el valor de las criptomonedas.

(CONSEJO: la forma más fácil de “farmear” Coinpot Tokens es BitFun, ya que puede hacer una reclamación cada tres minutos, ¡es decir, 60 Tokens por hora, excluyendo el Satoshi ganado!)

P: ¿Qué es lo mejor para usar Coinpot Tokens?

R: Idealmente, invertirlos en una moneda que actualmente tiene un precio bajo, pero que aumentará.

P: ¿Debo guardar mis fichas de Coinpot? ¿Coinpot está planeando un ICO?

No hemos escuchado nada sobre una ICO de Coinpot. Sin embargo, Coinpot es notoriamente secreto. Es bueno que Coinpot haya lanzado los tokens, que brindan a los usuarios una cantidad extra de ingresos y algo para jugar. Al menos, es una señal de que, a diferencia de los faucets estafadores, Coinpot está aquí para quedarse.

En cuanto a si debe guardar o gastar los Tokens … Anteriormente nos hemos beneficiado de una buena tasa de conversión de Tokens a otra moneda de Coinpot. ¡Presta atención a los tipos de cambio!

P: ¿Puedo retirar Coinpot Tokens?

Por lo que sabemos, ¡sólo en forma de otras monedas!

PD

PRUEBA DE PAGOS TEMPRANOS (CON REFERENCIAS MÍNIMAS)

(Faucets de DOGE y Litecoin, retiros realizados en billeteras externas)

 

(DASH retirados a Binance cryptocurrency exchange)

(Las ganancias del faucet de Doge transferidas a CoinExchange cryptocurrency Exchange)

PPD

(… consulte nuestro Blog actualizado regularmente para obtener más consejos útiles sobre cómo maximizar sus ganancias de Coinpot … y mucho más).

(Valoramos todas las referencias y tratamos de recompensarlos lo mejor que podamos. ¿Cómo? ¡Consulte la sección de DEBE TENERLO!)

(¿Tiene más tiempo extra? Pruebe su suerte en Cointiply (nuevo faucet de pagos alros, todavía en fase de prueba y revisión)

(¿no está seguro de qué hacer con sus ganancias? ¡Consulte nuestra sección de Inversiones y Operaciones!)

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Buying Cryptocurrency, Coins, Editor's Choice, Faucet News, Giveaway, Guide, Markets, News, Signals, Tokens, Trends

Coinpot Tokens’s Price Today vs. One Week Ago

coinpottokenpricetoday

PREVIOUSLY ON: Coinpot Token’s Worth in August: Conversion Rates, Fiat Value… Future Price

As Bitcoin Falls as low as 6094.47 USD, and in light of our in-depth analysis based on last week’s data, more so are we interested in Coinpot Token’s Value, Worth and Price.

Conversion: Coinpot Token to:..

Bitcoin Core at the exchange rate of 0.0000000160: 100 Coinpot Tokens would buy us 0.00000160 BTC. (a week ago – 0.00000135฿.)
Bitcoin Cash at the exchange rate of 0.0000001778: 100 Coinpot Tokens would buy us 0.00001778 BCH. (a week ago – 0.00001380 BCH)
Dogecoin: at the exchange rate of 0.0413776707: 100 Coinpot Tokens would buy us 4.13776707 DOGE. (a week ago – 3.41933771 DOGE)
Litecoin: at the exchange rate of 0.0000017325: 100 Coinpot Tokens would buy us 0.00017323 LTC. (a week ago – 0.00012928)
DASH: at the exchange rate of 0.0000005927: 100 Coinpot Tokens would buy us 0.00005927 Duffs (a week ago – 0.0000004724)

We do not believe we need to comment upon the difference in value of an asset, the acquisition of which is automatic.

If you are thinking “fiat”…

Have a plan. Consider low fees: Changelly and EXMO. While EXMO is an exchange, with all its pros and cons, Changelly is good even as a source of information as to how much fiat your Coinpot Token balance is worth.

changely

We will, however, mention that Changelly is an excellent exchange service with a \ transaction fee. A wallet-to-wallet direct exchange will convert anything and everything into fiat.

EXMO is an established cryptocurrency exchange with 0% deposit fees for all five Coinpot currencies.

P. S. By no means are we recommending making any financial decisions. Please contact your financial advisor regarding such matters; DMYF is a portal dedicated to entertainment and education.

Coins, Editor's Choice, Faucet News, Faucets, Featured, Funny, Giveaway, Guide, Important, News, Signals

Dogecoin Giveaway: Update

  • We further shared some more Doge amongst those lucky few participating in the giveaway.
  • We have added a short FAQ section to the giveaway page. Feel free to contact us with more questions at any time!
  • We invite all of you to take part, no matter whether you are a regular visitor, or an occasional viewer!
  • The Giveaway Post has been attached to the on top of DMYF homepage for a while. We decide that it’s time for it to make way. Since the Giveaway updates will be less prominent, we will be sharing the giveaway-related news separately.
  • We strongly encourage you to register on Freebitcoin using our referral link. You will thank us in the future. Our Bitcoin Giveaway will start very soon. Already have a Freebitcoin account? Is there a law against having two account entries? Whp knows, perhaps your hamster would like a separate account on his smartphone?.. 🙂

    You know what? YOLO. Screw it all; don’t faucet too much. Forget about your crypto portfolios for a while. Do something out of the ordinary. Tell your loved one you loved him, even if the loved one is a cat. Just enjoy your weekend, have as much fun as humanly possible, yet do not do anything we wouldn’t do (which is, um, not saying much). Most importantly, when The Day That Should Not Be Named comes after tomorrow…

    flight2

Coins, Editor's Choice, Featured, Mining, News, Scams

DogeMoon” Dogecoin Cloud Mining Investment – Review (part 1)

29.01.2019 update: this is an archived article. Learn from our mistakes! Do not take our warnings lightly!

DogeMoon dogecoin invest review
Since we just do not learn from our mistakes and despite our own recommendations regarding never ever ever “investing” ANYTHING into “mining” websites, 99.9% of which are Ponzi schemes (you will get lucky if you jump on the train early on and you will lose all your moneys if you are late to the ball), we have come across a recommendation on (!) FaucetHub (!) forum (!!!) which we followed (!!!) and “invested” our entire DogeCoin savings we earned from MoonDoge Faucet into testing another “Cloud Mining” company.

invest dogecoin
Goodbye, hard-earned Doge…

We previously reviewed Tesla Mining, which boasted promising free hashpower, so we did not have to actually spend any crypto then. Now, we decided to go all in. Why?

Off-topic:

DMYF is a non-profit portal. What little we earn from referring users to Faucets (and spending hours writing guides, articles, news, etc.) we use for:

– Testing Exchanges
– Testing Faucets
– Testing Wallets (e. g. how fast Coinpot releases funds)
– Exposing scammers, – making sure a criminal does not run away with thousands of your dollars.
– Improving our Website (this is where we need your kind help, – read more)
Giving it away to you, our readers.

As you can see we are willing to spend our own crypto to test a service or expose a scam. For the sake of your safety.

We believe in our cause.

Back to DogeMoon.

So, it took about a DAY for our deposit to reach DogeMoon‘s autogenerated deposit address. We were starting to get nervous, but eventually…

multiply your doge
A deposit of 252.18 Doge has reached the Cloud Mining service. DogeMoon offers 4.5% a day from amount of your deposit.

So, not so long ago we checked our balance to find out that…

dogemoon legit or scam.png
…we have reached the minimum withdrawal.

Now, we are faced with a dilemma: DogeMoon offers its users to “reinvest” the Doge they “earned” instead of withdrawing them. Tempting?

moondoge withdrawal.png
Not really. We want to make sure that DogeMoon pays out what it promises to pay out.

However, being careful and cautious, we go to the FAQ section to find out that…
moondoge minimum withdrawal amount.png
In addition to the minimum withdrawal amount, there is a 4 Dogecoin transaction fee.

Red Alert! Warning bell! 

Why?

Because Dogecoin notoriously charges very little for wallet to wallet transactions. 4 Doge commission on 50 Doge is nothing but robbery. 

Coinpot.co charges nothing for Dogecoin withdrawal (50 Dogecoin minimum).

CoinExchange, a cryptocurrency exchange charges 2 Doge for withdrawal.

LiveCoin, a cryptocurrency exchange charges 2 Doge for Withdrawal.

Why is this important?

Because it is a sign that MoonDoge is a Ponzi scheme and not a legitimate operation. DogeMoon’s primary source of income should be mining, not transaction fees. 

Contemplating on that, we remember another issue: it is well-known that Coinpot.co addresses often do not work for deposits. We have contacted Support about this issue (waiting for a reply). Since we do not want our Doge lost in transition, we want to change our withdrawal address. As expected, there is no such function anywhere on DogeMoon.

Our only option is to contact Support. At the very end of the FAQ page, we find the following:

“HOW CAN I GET IN TOUCH WITH YOU?

Only very important questions, otherwise we will not answer. admin@dogemoon.cc”

Oh, wow. ORLY??? Do not even bother to contact the administration with a general knowledge question. Make sure your question is important. The administration is very busy trying to multiply your Doge.

Dear Readers, please note that it takes no more than a few hours to construct a website like DogeMoon for a small team of experienced web designers. Maintaining the website is not building the Great Wall of China either. 

Now, why is it so difficult to reach the owners of Ponzi Scheme Cryptocurrency Mining websites?..

We have sent an intro e-mail prior to depositing the Doge. Naturally, we received no response. Now we have sent an email asking whether it is possible to change the Dogecoin withdrawal address. We will be surprised if we will receive a reply, however hope dies last…

Staus quo: 50 Doge lies on DogeMoon hanging. 

We are not sure we will receive the profits to our Coinpot Doge address, -previously we received an “invalid address” error when trying to transfer Dogecoin from CoinExchange cryptocurrency exchange to coinpot.co, so instead we transferred the Doge to LiveCoin cryptocurrency exchange wallet, as we thought the issue had to do with CoinExchange…. The transfers to coinpot.co wallet were intended to benefit from low exchange rates (but that is a story that deserves another article). Both LiveCoin and CoinExchange are reputable companies, unlike DogeMoon which is, pardon our French, dodgy as fuck.

Since we do not expect a reply for hours and, besides, we do not even know whether our query is important enough for the DogeMoon administration, we are choosing the worst possible option.

Since we believe that money should always be working to make more money, we decide to “reinvest” our “profits. 

invest doge multiply doge doge mining doge profit mining passive doge mining cloud doge mining
…only to find out that…

invest doge low minimum payout

The minimum reinvest amount is 100 Doge.

Was it mentioned anywhere in the FAQ section?

Hell no.

Red Alert. Mayday, Mayday! Warning Bell!

What’s the panic? Well… CloudMining Websites are short-lived.

DogeMoon Dogecoin Cloud Mining Investment Vehicle: Preliminary Summary and Part 1. Conclusion:

how old is dogemoon how old dogecoin cloud mining
As sceptical we are regarding DogeMoon’s legitimacy, we do not doubt that the Dogecoin payout figure is correct. However, what one must focus his or her attention on is how many days DogeMoon has been running for. Hopefully, “why is it important” is a hypothetical question. Subjectively, we feel that our investment is in serious risk.

Circa 20% of our initial investment is ready for withdrawal on day 5.

If you have 100 Dogecoin, you can trust in goodwill of DogeMoon’s owners and “invest” the funds in their Cloud Mining operation. There is no evidence that DogeMoon actually uses the funds acquired from investments towards expanding their mining business.

All you need is a Dogecoin address (do not use your Coinpot address as we did!), which acts as a login. You do not need to create an account to start “earning” the advertised 4.5% ROI a day. Minimum withdrawal is 50 DOGE, minimum investment is 100 DOGE, minimum reinvestment is 100 DOGE. Your earnings are calculated in real time. Other users’ investments and payouts are demonstrated in real time.

Note: your deposit lasts 30 days.

Q: Is 4.5% daily ROI a lot? 
A: It is insanely a lot. Freebitcoin offers 4.08% annual return, or 0.0109589% daily return on your Bitcoin savings, – that is realistic. What DogeMoon promises is viable only as long as new users keep registering and sending their Dogecoin to the website’s address. That is, unless the creators of DogeMoon know something about economics, cryptocurrency, investments and mining that we don’t.

Q: What is a Ponzi Scheme? You keep mentioning it in relation to mining websites…
A:
See above. A Ponzi Scheme is a financial pyramid which is sustainable as long as investments in the system grow exponentially. Ergo, the first “investors” will receive their “profits” which are generated by people who “invested” funds at a later stage. There is a timer before it all explodes. Since cryptocurrency market is poorly regulated, the amount of scammers using a century-long trick to fool people out of their money is incredible. We are doing our best to warn and educate users about a simple fact: if something is too good to be true, it is too good to be true.
Practical example: Tesla Mining.
Further reading: https://en.wikipedia.org/wiki/Ponzi_scheme

Q: If you are so sceptical about DogeMoon, why did you spend your Dogecoin?
A: To demonstrate the degree of our involvement in testing cryptocurrency services. To show that we are not lying when we state that our mission is to make the crypto world a tiny bit safer. The doge invested in DogeMoon were earned through Moon Faucets. We do not like reviewing mining businesses; alternatively we would have used the Doge to test out LuckyGames, – a cryptocurrency casino!

Q: Are there LEGITIMATE Cloud Mining operations? 
A: So far, Eobot’s Cloud MIning service has not gone out of business and has been around for a long time, as these businesses go. Apart from Cloud Mining, Eobot offers a faucet and some other features. Our review of Eobot is pending. In comparison to DogeMoon, Eobot seems more legitimate.

Aside from that, the only vehicle which we would trust when depositing our funds is Freebitcoin.

Q: Is DogeMoon associated with MoonDogecoin?
A: NO! DogeMoon is exploiting the name of a popular, legitimate faucet which does pay out Dogecoin. Want to add legitimacy to your shit brand? Try to associate with something popular. CCRB’s CEO shakes V. Buterin’s hand on a summit CCRB sponsored? That photo was the reason CCRB sponsored the forum. Vitalik Buterin will NEVER appear anywhere close to a CCRB official. CCRB’s CEO signs a deal? The caption mentions “Canary Wharf offices”. Tesla Mining mentions an address? They have an office! Moreover, it is a London address! Must be legit!.. Disgusting, right?..

…or maybe, sometimes Moon is just a Moon.

Q: If you keep repeating how risky Cloud Mining investments are and review DogeMoon negatively, why do you post referral links to their website?! Isn’t that hypocrisy?!
A: No. First of all, referral links help us track the number of people interested in our articles. Secondly, should a visitor find the article informative, decide to create a DogeMoon account and manage to make a profit, why should we say “no” to some extra income from DogeMoon? The referral income does not come out of a user’s pocket. Finally, this article is merely part 1 of the review. We will publish part 2 in five days time; a lot might change in five days.

P. S. We do not offer investment advice, we do not recommend investing in Cloud Mining operations, we do not offer financial advice. All information mentioned above is a reflection of personal experience and is published for entertainment purposes. When making a financial decision, please contact your financial advisor.

To be continued…
Coins, Faucet News, Faucets, Guide, Markets

General Knowledge: DOGECOIN

dogecoin logo

The intention behind Dogecoin was a joke with a reference to a popular internet meme. It cloned Bitcoin (but forked Litecoin), but the creators had no global ambitions; founder of Dogecoin project”abandoned” it more than once, stating that the coin is useless and has no future. However, despite the founder’s pessimism (whether real or fake) and the coin’s total lack of glamour, Dogecoin survived and grew in popularity. Take ten cryptocurrency exchanges and try to find one which does not trade Doge! Which is the second most popular cryptocurrency in the faucet market? Doge! Hm, what about cryptocurrency casinos? Guaranteed Doge!

Dogecoin: The Basics.

Unlike Bitcoin, which is limited in supply, Dogecoin’s emission is infinite, making it an inflationary coin. Naturally, unlike Bitcoin, Monero and other “serious” cryptos, Dogecoin is cheap, but not worthless. Now,, – something which is available infinitely, is not backed up by anything (e. g. gold, fiat currencies, goods), something that is not developing technologically and has an ugly fucking dog as a logo is immensely popular, has value and… ..hit .market capitalisation of $2 billion at some point. What the hell, one might ask?

price of dogecoin doge usdThere are various theories as to why Doge remains strong. The prevalent theory is that it was extensively used for tipping others on Reddit and other various social networks. The transaction time is quick, Doge is cheap and thus is a perfect medium for tipping, yes. Google agrees…:
what is dogecoin used for..but .we don’t. Is the “tipping” industry large enough to amass capitalisation of two billion? Why not tip with a few satoshi/litosh?…

The theory that we follow is that Dogecoin was in the right place at the right time. It filled a market miche. The crypto market needed a lightweight currency which is very convertible and readily available, which is cheap, unlimited in supply and not affected by the fluctuations of the market. If you have a look at the Doge price charts…

dogecoin history price(source – Cryprocompare)

…you will see that, save for an insignificant spike or two, the price is relatively stable. Due to unlimited emission, it is very difficult for one market player to manipulate the price.

dogecoin price history

(source – Coinmarketcap)

The spikes in price are explained anecdotally, – i. e. at the end of 2017 there were rumours that some mythical Chinese investors will buy out all Dogecoins because of the symbolic connection between the Year of the Dog and the name of the crypto. Naturally, there was no truth behind this, however, in another incident, the Chinese market did affect the price of Doge, – when Bitcoin was under government fire, funds were rapidly converted into Doge

…and we believe that this is the secret behind Doge‘s longevity.

Anyone remotely familiar with trading knows that time is often of the essence. While Bitcoin network not only was overloaded at some point, but charged insane commissions for transfers between wallets, not mentioning a fee one would pay to the exchanges (sometimes, – twice or more). Converting funds to Dogecoin was a viable solution. BTC to DOGE and DOGE to BTC... Voila. The transfer becomes instant and the fees are reduced significantly.

We at DMYF use Dogecoin to test everything we lay our hands on and have time for; first and foremost, – we use Dogecoin to test cryptocurrency exchanges. Some, like CoinExchange set ridiculously low minimum trade for Doge and offer many pairs, so hey, why not buy some altcoin for a few Doge (“earned” on faucets)? We are not rich enough to spend BTC for exchange review purposes…

coinexchange doge markets
CoinExchange offers lots of DOGE pairs.

Due to unlimited emission, using Dogecoin as a savings vehicle is unwise, while some alts might skyrocket…

DigiCoin DGC progit Doge
142.26%? If only we would invest 10 BTC instead of 10 DOGE…

We used 10 DOGE to purchase DigiCoin (DGC) on BleuTrade when we were testing that exchange. 10 DOGE was the minimum trade amount (which seemed enormously high, compared to CoinExchange, however BleuTrade is a more serious platform). Of course, a 142% value increase is nothing, considering that the initial investment was child’s play. However, investing 1-10 DOGE regularly, creating a portfolio, monitoring the price changes, reading about coins… Not the worst way to develop some trading skills.

Recommended DOGE and beginner-friendly altcoin-focused Cryprocurrency Exchanges: 

CoinExchange
YoBit
BleuTrade
BTC-Alpha

Or, say, you come across an online cryptocurrency casino, – we are currently testing Luckygames, a platform where the minimum bet is only 1 (one) Satoshi (!). However, how likely are we to throw BTC? Naturally, we deposit a few DOGE!

Feel like gambling away your Coinpot DOGE earnings?..

Another factor of DOGEcoin’s popularity, – it is easy as hell to come by. Admittedly, earning 75 DOGE in one day with no referrals using our method requires some effort, but just fauceting, one can easily make up enough DOGE to be able to withdraw them, – then, multiplying DOGE does not require a mastermind. In other words, one does not need initial fiat investment to enter the world of cryptos; merely a mobile phone is enough.

Cloud Mining? Still believe in fairytales? We do. Or, rather, we re-invest our hard-earned DOGE in order to expose scammers and end up broke, but hey, its only DOGE, right?..

cloud miming invest doge
DogeMoon offers 4.5% a day from amount of your deposit… …another scam?

…in the worst case scenario, the lost DOGE will be quickly made up using reliable, tested and recommended DOGE faucets:

Register at Freedogecoin and take part in our Dogecoin Giveaway!
Register at MyDoge
Learn how to earn and withdraw up to 75 DOGE a day
Remember, – the cheapest way to withdraw your Cointiply earnings is through Dogecoin.

Summary:

Philosophically, DOGEcoin constitutes what Litecoin was meant to be, – a lighter, everyday, “penny” version of Bitcoin. 

Common uses:

– Tips
– Transferring funds from Exchange A to Exchange B
– Trials, Testing
– Purchasing “penny stocks” and anything what Bitcoin is too expensive for
Transferring funds out of Coinpot
– Supporting us! 🙂

What Dogecoin is NOT used for:

– Long-term investments (Dogecoin’s value will never skyrocket doe to infinite supply)
– Savings (sooner or later Dogecoin will be technologically outdated, its potential is reached)
– Used as a “main” currency (calculating one’s cryptocurrency assets in Dogecoin).

Further Reading:

Official Website:
https://dogecoin.com

Dogecoin on Coinmarketcap:
https://coinmarketcap.com/currencies/dogecoin/

Dogecoin on Coingecko:
https://www.coingecko.com/en/coins/dogecoin

Dogecoin on Cryptocompare:
https://www.cryptocompare.com/coins/doge/overview/BTC

Best Dogecoin Wallets:

https://my.dogechain.info

coinpot.com

Want to buy DOGE using a credit or debit card? UMAD?

Oh well… Go to Changelly

Buying Cryptocurrency, Coins, ICOs, Markets, News, Tokens

Legal Status of Cryptocurrencies in Sweden, Finland, Israel, USA and Switzerland

Although EXMO.com does not expand its list of cryptocurrency pairs as often as other exchanges do, it offers its users low transaction fees and demonstrates high trade volumes, in comparison to the exchange’s size. In addition, EXMO’s newsfeed often features interesting general knowledge articles. We are taking the liberty of reposting one of them.

exmo.com cryptocurrency exchange
The further development of cryptocurrencies will mostly depend on how the legal status of cryptocurrencies will be shaped throughout the world. 

The issue of cryptocurrency legalization (which means that cryptocurrencies get the legal status both in the particular countries and international financial institutions) appeals not only to the crypto-community. The solution of the stated issue will also predetermine the perspectives of the digital economy development, which is getting more and more powerful in the global economy as well as in life of every individual person. 

EXMO experts have summarized the information on the issue of cryptocurrency legalization, its aspects, and importance of this process for the whole market participants.

Legal status of cryptocurrencies. Control and difficulties

Legal regulation of the cryptocurrency market will protect the interests of every user, who have become the bitcoin owner, altcoins owner, or ICO investor, in many aspects.

The regular users are quite uncertain whether they may rely on the law in case of any problem concerning crypto-exchanges, ICO, or cryptocurrency management in general. The miners and traders are also rest in the risk-area, due to the fact that they are concerned with the issue of the crypto-profit “nature”. The continual difficulties with supplies of the new equipment for the mining farms is another problem. Remind that mining, as a kind of activity also requires the initial investment, which cannot be legally protected at the moment. 

Legal systems of many countries cannot clearly determine whether cryptocurrency is legal or not. One the one hand, it is not forbidden, on the other – it is not allowed due to the accurate identification of “What is cryptocurrency?” does not yet exist. Thus, the legal environment governing cryptocurrency has not been worked up. 

The large businesses working with cryptocurrencies one way or another need not only the general legal certainty but favorable governmental position as well concerning the issues of crypto-economy legal control. 

A lot of market participants including active market traders, regulatory institutions, international financial institutions, banks, which are participating indirectly in the market activities would approve the measures taken for cryptocurrencies exit from the “legal shade”. 

Here below we will discuss countries, where cryptocurrency is allowed, and how some governments and financial regulators reacted on the availability of digital money in the financial payment system. 

What is also important is that mostly developed countries have supported cryptocurrencies one way or another. These are the countries that are open to the innovations and contribute to them; they also point out the long-term perspectives of the global economy development.

Be support or be banned

The active spread of interest to cryptocurrencies suggests the innovative economics to make specific decisions and actions, which is likely to have a positive impact on the market and its further perspectives. There are also people, who are ambitious about leading the “trendy” movement among the international market participants. Through creating the favorable and transparent conditions for business and market participants, attracting investment, these countries are pressing the gear even now. That is the case of Switzerland. 

Switzerland

Continue reading “Legal Status of Cryptocurrencies in Sweden, Finland, Israel, USA and Switzerland”