Buying Cryptocurrency, Coins, Editor's Choice, Faucet News, Faucets, Featured, Guide, Signals, Tokens, Trends

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

coinpot token what is it worth how much can i get for coinpot token whats coinpot token price cab i sell coinpot token for fiat coinpot token hold or sell

1. Introduction

SOME BACKGROUND: Coinpot.co rewards its users with Coinpot Tokens

Coinpot Tokens represent an undervalued feature of Coinpot.co. Rivers of time have flown by a since mysterious Token’ Balance appeared on or dashboards, yet do all active Moon faucet users utilise full earning potential of the automatically and generously awarded bonus?..checkcoinpottokenbalance

a. First things first

If you are a dedicated faucet user, think of all sources of income the faucet offers to you holistically. It would not be a bad idea to apply the same frame of mind to all faucets you are active on. Should you wish, create a formula, even if only an image of, for yourself, taking into account factors such as the following (example):

A 88 satoshi roll on BitFun (if you leave an hour or two between visits/claims) earns you 0.00000088฿ + 3 Coinpot Tokens.
A 3 satoshi BitFun roll (if you make a roll three minutes later) adds 0.00000001฿ to your Bitcoin Core Balance …+ 3 Coinpot Tokens.

Calculate how many BitFun claims alone would it take you to “farm” 100 Tokens (we will mainly refer to CTs by the 100s for simplicity).

HISTORICAL NOTE“Are the tokens related to a future ICO”, we asked ourselves as we first saw the Token logo? Coinpot administration is notoriously secretive about its intentions, plans and innovations…
No, Coinpot has not publicly announced an ICO. Does that put a cross on an ICO happening? “Never say never”.

b. So… What is a Coinpot Token?

“Coinpot Token” is much more than a merely fancy name for a “Reward Point”, like that offered by Freebitco.in (which we we recently dedicated an article to).

READ: Freebitco.in: TRIPLE (3x) Reward Points Promo: 37 Hours Left. Edition Includes a Complimentary “How to Register an Account on Freebitco.in” Guide and a Reward Points How-To

Both bonus systems are great. FBC’s Reward Points are exactly what their name stands for: you are rewarded for your loyalty to FBC by points per hourly roll. Save enough, redeem them for, say, the latest iPhone or a Samsung model.

Allow us the liberty to define Coinpot Tokens as the multi-currency wallet’s value-exchange system’s units. FBC’s Reward Points are barely affected by the state of the cryptocurrency market.

CT’s are. However, since Coinpot Tokens are not directly available (ed: in their original  Token form) publicly, are not (yet?) traded on an external cryptocurrency exchange and can be accessed and/used directly only via Coinpot.co, they can be mined (wtf sic!) and on the wallet’s dashboard, Coinpot Token balance looks like just like, say DASH, balance. How much does an average microwallet user know about DASH, its history, investment potential, differences and similarities in comparison to other coins? How much does an average mictowallet user know about the investment potential of Coinpot Token, its value, worth, price, whether to HODL or sell? Is it safe to sat that the potential for new users’ confusion is understandable?..
coinpot token dash coinpot token value coinpot token price coinpot token sellhow much dollars coinpot token how to sell coinpot token for fiat fiat coinpot token what is coinpot token

c. Important: Cryptocurrency Games of Chance, Lotteries, Dice…

If you think Coinpot has granted users a free bonus which you can use for gambling, instead of withdrawing your earnings to test your luck elsewhere, you are technically right. A typical cryptocurrency faucet’s “innovation” is aimed at  keeping the funds within the faucets (away from your personal wallets), under any “for your own good” excuse (Cointiply’s farce of a “Premium Account” is a prime example).

Some offer of a wat to “multiply your earnings” is just a classic. Keep in mind what you came to the faucet for: making a few coins. Learn about cryptocurrency. Whatever it is, we would recommend following the simple rules.

* Payout (money earned from fauceting): good.
* No payout (postponed payout, delayed payout): bad.
* No payout because of your choice to test your luck/purchase a useless trinket… Your choice.

Remember that you can either play some hi-lo game or take part in some “probably fair” faucet lottery, lose and, – congratulations! – your time, activity, efforts, hopes and aspirations represent free money for the faucet owner.

WARNING: Unless you are totally confident you have knowledge of a guaranteed winning system, proven itself over and over, we believe that spending currency earned on a faucet internally is one of the top-5 fuck-ups mistakes a faucet user can commit, – should you fail to win, especially before making a single claim…

We do not endorse gambling, however if that is your interest anyway and you play responsibly, consider doing so at a specialised website.

Here’s why:

A faucet which offers some gambling options is reviewed as a faucet, classified as a faucet, SEO’d as a faucet. Everything else is a side-biz. An online crypto casino’s main business is Bitcoin/Dogecoin/Whatevercoin Roulettes, Dice, etc.

cryptocurrency casino crypto casino free crypto casino
Disclaimer: We are not promoting Luckygames, we are mentioning the multi-currency online casino because there is no deposit required, it features a faucet for its internal currency which can be used to win real prizes and it is currently under DMYF review. The review will be honest and unbiased; as to why we are referencing it, – simply because we only refer to resources we have tested out first-hand.

cryptocasino no deposit
If the “dice are loaded”, even if the casino’s website has an in-built faucet (like Lucky games), if the users lose too often and win too little, they will bring the website’s ratings down. Hypothetically, if the roulette spins red 20 times in a row as soon as your winnings exceed a certain amount…

Remember the “no such thing as bad press” expression? Or something like “the only thing worse than… …is not being spoken about”?  Bad press which leads to a decline in the amount of visitors, resulting in lower revenues and companies all-of-a-sudden having to pay money to search engines to stay afloat? That hurts them more than your vicious Trustpilot one-star fatality, three-post-long thread on Bitcointalk, or even than a negative review on an up-and-coming  boutique independent media resource such as DMYF (aka or a wtf-is-this-design can’t-even-afford-a-domain wordpress-hosted blog-about-some-shit-noone-cares-about)!

d. Back to CT: Coinpot Token’s Value: Currency Conversion

coinpot token price today

Disclaimer:
*exchange rates are not fixed and are subject to change, often multiple times a day.

*Coinpot.co charges 0% conversion does not charge a commission for currency conversion, full stop. We only wish…
*Conversion is instant (how important that is is a question one must answer himself).

For the purposes of multi-part in-depth review we decided to compare the exchange rates over the course of few days/weeks. The snapshot of the figures below has been taken early last weekend. The rates will “catch up” in the following articles.

Having a feel-good stare at a multi-thousand Coinpot Token balance is nice and cozy. However, should one need immediate access to funds, for whatever reason, a natural question is: what can I get for my Tokens now? What is the Coinpot Token’s actual value today

NOTE: The asset’s liquidity should always be taken into consideration. Within hours, even a thousand or two Coinpot Tokens can be in any wallet their holder wishes them to be, performing whichever function their holder wishes them to perform.

Downsides? Potential for impulsive decision-making leading to erroneous choices, “quick” usually means “expensive” etc.
Upsides? Opportunities too good to miss, premonitions, etc.

Should you have chosen to think of your Coinpot Tokens’ current value…

…in Bitcoin: CT to BTC conversion rate was 0.0000000135. 100 Coinpot Tokens converted to 0.00000135฿.
…in Bitcoin Cash: CT to BCH conversion rate: was 0.0000001380. 100 Coinpot Tokens converted to 0.00001380 BCH.
…in Dogecoin CT to DOGE conversion rate was 0.0341752587. 100 Coinpot Tokens converted to 3.41933771 Dogecoin. (!!!)
…in Litecoin. CT to LTC conversion rate was 0.0000012920. The LTC value of 100 CT would be 0.00012928 Litoshi.
…in DASH. CT to DASH conversion rate: was 0.0000004724. 100 Coinpot Tokens could have been converted to  0.0000004724 Duffs.

Ignoring the highlighted Doge, what would you convert your 100 Tokens to, given the exchange rates?..

e. Now, the fun part: What is a Coinpot Token worth in fiat (USD, EUR, GBP)?

We believe we discussed the difference between “price”, “value”, “marker value”, “perceived value”, “potential value”, the factors such as consumer trust ratings, liquidity, predictability and real-life utility in relation to the Token in the past.

READ: Coinpot Token Price – What is a Coinpot Token Worth?

If we have not, please comment and let us know.
If we have missed something, please comment and let us know.
If you spot a mistake/typo, factual error, please comment and let us know.
If you have a Nobel Prize for Economics, please comment and let us know, – we would like to ask for your autograph. And ask a question or two (hundreds).

In a nutshell, a Coinpot Token’s actual worth is determined not only by a supply and demand, the quality of both supply and demand, but also by such trivialities as the future of Coinpot, the perceived future of Coinpot, whether any future plans  exist, conversion rates, liquidity and performance of all five currencies featured on Coinpot, transaction time, fluid things such as market sentiment, state of cryptocurrency market at present, etc. News, fake news, interpretation of news, degree of stupidity of CNBC those reporting the news… You name it.

I. e. Some second rate random exchange no one ever heard or cared about gets hacked, millions of some random crypto no one ever cared about get stolen, this hits the news?.. Bad. Some crypto is still traded on Binance while its creators are already in handcuffs for fraud?.. (this is why DMYF hates cryptocurrency scammers with a passion). Bad. Public fails to realise that Google’s “ban” on advertising ICO’s is good? Bad. 

In any case.

I. e. you purchase X Satoshi for Y Coinpot Tokens today. Yet, a little bird reliable market indicator signals that whereas TODAY one Bitcoin could be both purchased  and sold on a variety of an open markets, taking into consideration all possible fees for circa $6678 USD, tomorrow the BTC/USD pair will trade at around $8500.
Question: if you can somehow quantify the statistical probability of the price hike, how does that affect an estimate of what a Coinpot Token is worth relative to fiat* TODAY?

The question is hypothetical.

What is a Coinpot Token worth in fiat? Do the array of calculations of selling the Tokens, withdrawing the crypto of your choice, selling it for fiat, fees, fees, fees.

What a Coinpot Token’s price in fiat is also heavily determined by having a plan; not only what is the best crypto to convert the Token to and the most expensive to sell for.

That, and more will be covered in the next part of our Coinpot-related set of articles.

Have a great weekend!

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

Airdrops, Bugs, Coins, Editor's Choice, Faucets, Featured, Funny, ICOs, News, Scams, Tokens

The “Crypto Currency” Chronicles

Announcing a new sub-section of our blog which will focus solely on how “well” the companies opeating within the sector communicate their message to their users and potential investors.

– How many thousands $$$ should you invest in the tokens of a company which calls Etherium “Bitcoin 2.0”?

– “What is “Airdrop”? – the Supportiveness of Support

– “You say it best when you say nothing at all” – why some Whitepapers should have remained blank.

& many more brand image, marketing and common sense fails.

Stay tuned!

Coins, Markets, News, Tokens

NEWS: Petro Trumped!

Donald Trump vs. Venezuela’s national cryptocurrency.

“All transactions related to, provision of financing for, and other dealings in, by a United States person or within the United States, any digital currency, digital coin, or digital token, that was issued by, for, or on behalf of the Government of Venezuela on or after January 9, 2018, are prohibited as of the effective date of this order.” – exempt from the executive order.

The ban of Petro is a part of a wider array of sanctions against Venezuela and clearly demonstrated that mixing politics and cryptocurrencies is not necessarily a grand idea.

It is unclear whether these news had a positive impact on the price of TrumpCoin (TRUMP) against USD and BTC…

TrumpCoin price

…or a  negative impact upon the PresidentTrump (PRES) coin against USD and BTC…

PresidentTrump coin price

…however Petro itself was barely affected..

Petro Venezuela crypto price

🙂

Note: PresidentTrump and TrumpCoin can be bought and traded on LiveCoin and Cryptopia cryptocurrency exchanges. TrumpCoin can also be traded on YoBit.

Register a trade account on LiveCoin

Register a trade account on Cryptopia

Register a trade account on YoBit

Sources:  Continue reading “NEWS: Petro Trumped!”

Airdrops, Coins, Faucets, Featured, Markets, News, Signals, Tokens, Trends

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

Bugs, Coins, Editor's Choice, Faucet News, Faucets, Funny, Giveaway, Guide, News

We Give Away Bitcoin and Dogecoin (beta)

Our first Hitcoin giveaway:
Freebitco.in Giveaway – Free Satoshi From Us to You

There’s no catch. There’s just some free Dogecoin and Bitcoin!

In a nutshell: 100% of our referral earnings are shared with our subscribers via Freedogecoin.

Now, we also share 100% of our referral earnings with our subscribers via Freebitcoin.

Anyone can join and get some Dogecoin for free! Simply! register using our referral link and make a roll.
Anyone can join and get some Satoshi for free! Simply register using our referral link and make a roll.

27.08: We shared a further 4 Dogecoin. So far…

free Dogecoin free Doge claim free Doge how to earn Dogecoin

Q: I already have a Freedogecoin account…

A
: Will Dogecoin SWAT team break your door down for having a second account on, say, another device?

Q: What is Dogecoin? Why do I need Dogecoin? What can Dogecoin be used for?
A: You are welcome to read our article on Dogecoin.

Q: Do I need to subscribe to DMYF to take part in the giveaway?
A: Nope.

Q: Why do you choose to share your referral earnings?
A: Because of the philosophy behind our project. We do not attempt to “buy” readers, or “bribe” visitors. Call us cryptosocialists, should you wish.

Q: What’s the catch? Do you expect anything in return?
A: There’s no catch. We do not expect anything in return. Unless you are Ilon Musk. In that case, please support our project.

Q: Is my privacy at risk?
A: We would take such question to offence. We believe in internet freedom, anonymity and liberty. Vive la révolution!


How it began (history):

“…you’re in for a surprise. In fact, for a number of surprises! As it turns out to be the fourth giveaway, meaning that it’s been a month since project launch, it seems that the fortune smiles upon our endeavour: the Dogecoin Faucet rolled..

freedogecoin faucet giveaway 100% income given away to subscribers
Okaaay…

The numbers were looking better and better each week, but the high roll came at the best possible time! Or so we thought.

The Freedogecoin system is glitchy when it comes to sharing the balance; last time we had to do it in parts. This time, it turned into a horror, but we found the most plausible explanation: a user can only share what the user has earned from referrals’ rolls.

dogecoin giveaway

Now, while giving away 12 (or so) coins was easy… We have a “problem: 51.09000005 DOGE need to be distributed amongst our readers or referrals on a fair basis

🙂

Feel free to Contact Us with your suggestions using the relevant form, or leaving a comment… The sooner the better!

If you are able to, subscribe to Freedogecoin using our referral link and roll at least once: this will increase the number of Doge we will be able to share… The sooner, the better!

Thank you for your patience, Ladies and Gentlemen! Rest assured, according to the terms of the giveaway, 100% of funds will reach the recipients, one way or another!


Since then we:

  • Contacted Support. Waiting for a reply. Still waiting.
  • Tried clearing cache, restarting device, changing device, restarting browser, changing browser (tried four different ones with extensons on/off). No luck.
  • Read through your kind suggestions. Unfortunately, none of them met the fairness and loyalty criteria which we thought Freedogecoin distribution solved best.
  • Tried attracting new users to join Freedogecoin using our referral link, – the assumption behind it was that exponential increase in commission would let us distribute more. Did not work.
  • Contemplating just waiting another week, but, having shared only about 12 DOGE this time, it seemed too petty.
  • Realised that, although the intentions behind “giving back to the community” beta-test were good and we had limited success (growing revenue = bigger giveaways every week), Freedogecoin alone cannot be a solution.
  • Freebitcoin has the same sharing system and confirms our initial “sharing” hypothesis:“You cannot share more than 100% of the commissions that you have earned from a referral. As a result of this, the amount that is actually shared with your referrals (and deducted from your account) might be less than the amount you specify.”

Freebitcoin offers a more advanced sharing system, with an additional option:

freebitcoinsharing

…unfortunately, the only Freebitcoin account we have we use to invest BTC (4.08% per year, paid daily, is an excellent savings platform).

 

…stay tuned. We learn from our mistakes.