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Black CryptoFridays …when darkness descends upon the markets and portfolios are coloured red…

Yes, that term has already been coined. We would be surprised, otherwise.

The markets have seen worse. Remember the prophecies of doom what happened when China slashed cryptocurrency trading, restricting the search engines from showing anything crypto-related? First of all, when rumours of the Central Bank’s talks began spreading, within a day, bitcoin price in the Chinese exchange market increased by 9.3%, while other major markets (both Western and Eastern) remained stagnant. Momentum was rebuilding in China, despite the ongoing bitcoin exchange ban talks.

Then, for some time, Japan became the Asian cryptocurrency centre and the yen trade volume surged. Surprise! Traders moved offshore. Besides… What is the geolocation of Binance, the leading cryptocurrency exchange by daily trade volumeDemand for Bitcoin in China increased. Japan’s stagnating economy only welcomed the new status:

Takashi Shiono, Credit Suisse, Tokyo: “There are estimates that tax revenue from the cryptocurrency business, including capital gains taxes from individual investors and from corporations, could amount to 1 trillion yen (US$9.2 billion), though that is very speculative at this stage.”

Oh, the price of Bitcoin slumped temporarily, allowing those willing and able to take risks to profit off buying in cheap. Same scenario happened with South Korean government agencies proposed regulation: about 10 days later, the markets were, pardon the slang, like “whatever” (see chart below).

BTCpricesouthkoreanresonse.png

We mentioned the fate of said South Korean regulations previously. Why? There almost was a public uprising!

Why did the price of Bitcoin fall so low over the past days?

There are about 10-15 solid an 25-30 speculative reasons why. We will let Carter Thomas, do that for us. Hey, it’s the weekend. To us, it looks like one of those perfect times when you should go out, meet some friends, watch a film, do some shopping, play a computer game.

Still thinking about the cryptocurrency market and the blood-red of your portfolio? Ok, watch something on Viuly instead and get yourself some free VIU. Shop for virtually anything through the CCRB shopping system, – browse through AliExpress, get yourself a new gadget, buy someone a present or explore some holiday destination at a massive discount and get yourself a flat 25% cryptocashback bonus. Register at Cointiply and play a computer game, earning some satoshi for it. The rewards aren’t great, but you are free to play as often as you like and some of the games are actually cool; the truck arcades and Swoop are amongst the ones we enjoyed testing out:

(please forgive us for our sense of humour; the actual gameplay is fun: flying around amongst pretty landscapes, collecting shineys; but Black CryptoFriday (or BlackCrypto Friday? right?) 🙂

All is well, Feathercoin is still going strong against BTC (remember where you can get ahold of some free FTC for doing nothing and where you can trade them?). DASH is doing well against Etherium. Crave is just showing fiat who’s the boss. Other than that… Um, red is the new green? 🙂

*note: we previously have not mentioned Crave. We will.

*note: all factors considered, almost any CCRB cryptocashback offer, not mentioning special offers, beats a similar cashback offer from a traditional provider, such as Quidco. 

*note: we have not previously mentioned Viuly: if you haven’t yet, create an account now; you get 10 VIU for registration and random amounts of VIU for various bounty tasks. The ERC20 token is traded on major exchanges, however withdrawing VIU is a subject for a separate guide. Hint: VIU supply is limited…

Hope you have a great, diverse weekend!

Sources and Further Reading:

https://www.express.co.uk/finance/city/914507/bitcoin-news-cryptocurrency-japan-price-boom-coincheck-ripple-ethereum

https://www.bloomberg.com/graphics/2017-bitcoin-volume/

http://www.scmp.com/business/banking-finance/article/2132009/china-stamp-out-cryptocurrency-trading-completely-ban

https://www.ccn.com/bitcoin-trading-volume-in-china-rises-significantly-despite-exchange-ban-talks/

http://www.scmp.com/tech/innovation/article/2125282/chinas-bitcoin-crackdown-raises-cryptocurrency-demand-they-move-peer

Important

Some charts (based on QoinPro free daily coins)

As we previously wrote, QoinPro is a multicurrency wallet which rewards its users by crediting their wallets with small portions of cryptocurrencies.

Read more about QoinPro and how to use it to your advantage

Register at QoinPro

Based on the QoinPro earnings only, we have created a  portfolio on Cryptocompare. Here’s what it currently looks like: Continue reading “Some charts (based on QoinPro free daily coins)”

Important

Feathercoin… a new beginning?

As we remember, we get free Feathercoin (FTC) daily by simply being registered at Qoinpro multicurrency wallet.

free bitcoin free litecoin free feathercoin free dash free doge free neo free bitcoin gold free bitcoin diamond free

Although, unlike Fedoracoin, which we discussed in one of our previous posts, Qoinpro charges a transaction fee and a minimum withdrawal fee to transfer Feathercoin to an external wallet (or an exchange), the minimum withdrawal amount is easily achievable (just make sure you register, login once daily and keep collecting).

feathercoin low minimum withdrawal

Feathercoin could roughly be called Bitcoin’s younger cousin. It is an old and established “lightweight” coin, created as an alternative to Litecoin, featuring an interesting NeoScrypt algorithm. It was recently revitalised, the developers released a new wallet, achieved a market cap. of circa $43 mil and now FTC is actively traded on a number of exchanges, including Cryptopia and CoinExchange.

feathercoin market cap feathercoin chart

(source – https://coinmarketcap.com/currencies/feathercoin)

Regardless whether you would prefer to exchange your free Feathercoins, or keep them for a while, a healthy balance of an active community, experienced developer, circulating supply and daily trade volume, in combination with a renewed public interest make FTC an interesting crypto to follow in the coming months.