Buying Cryptocurrency, Coins, Funny, Trends

The $80mil pizza deal, – a Bitcoin meme.

It seems many visitors do not catch the “order us a pizza” reference mentioned in the “Contact Us” section, which is, basically, a platinum classic!

“May 22, 2018 marks the eight-year anniversary of the first Bitcoin transaction, in which a Florida man paid for two pizzas with the cryptocurrency. The day has become part of folklore, not because of the transaction, but more the price: the man in question paid 10,000 Bitcoins, which today is worth over $80 million, for the two pizzas.”

Source: https://www.investopedia.com/news/bitcoin-pizza-day-celebrating-20-million-pizza-order/

bitcoin pizza btc pizza bitcoin pizza meme
Original

“Ten thousand coins were then worth about $40 (£30). A British user agreed to buy the pizza for him, and even at the time the buyer got a good deal out of it: The person paid only $25 (£19) for the two pizzas.

And today, 10,000 bitcoins add up to about $100 million (£75 million).”

Source: http://uk.businessinsider.com/bitcoin-pizza-10000-100-million-2017-11

btc pizza satoshi pizza 10000 satoshi pizza for 10000 satoshi

Source: https://cointelegraph.com/news/bitcoin-pizza-day-8-years-later-where-can-you-buy-pizza-with-bitcoin


Note: the prices mentioned are historical. 

The Pizza story became a meme and rightly so. Unfortunately, it also became a brilliant FOMO (beware of FOMO!) tool used by dishonest marketers, promoting their currencies (somewhat similar to the “Apple share price” phenomenon). Buying into cryptocurrencies early worked for some, alas was ruinous for many.

Not all pizzas coins are created equal.

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

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

Airdrops, Bugs, Buying Cryptocurrency, Coins, Editor's Choice, Faucet News, Featured, Giveaway, Guide, ICOs, Markets, News, Scams, Signals, Tokens

CCRB Giveaway Scam: “Refer and Get Zero”.

Screen Shot 2018-05-01 at 23.17.41
In your dreams
Screen Shot 2018-05-01 at 23.17.23
In reality

Dear All,

Understandably, many are curious what is happening to their referral bonus now that the CCRB Token Sale is over.

CCRB did clearly state, via the platform’s website and through correspondence, that the referral bonus will be paid out once the Token Sale finishes regardless whether the referrals make a purchase or not. It was repeated numerous times and as explicitly as it gets.

However, please remember that the cryptocurrency world is largely unregulated. Most of the companies are honest and abide by their promises and T&Cs. Others don’t.

Have you “worked” hard, promoted the CCRB platform and attracted 100s-1000s of referrals?

Did you get excited, looking at those hundreds of USD in your virtual “wallet”?

Do you feel screwed over now that you are all of a sudden expected to somehow make 20% of your referrals purchase something from CCRB’s so-called “partners” (are these partnerships real and unique?), even if you have no clue who clicked on your referral link? Well, sorry to say, then you learned your lesson from an interaction with a Ponzi Scheme-ish organisation.

In case it makes you feel any better (it should not), there are people who feel that they’ve been screwed over even more than you do, – those who actually “invested” in purchasing the CCRB Token when there was no indication that CCRB is interested in anything apart from increasing the perceived legitimacy of its “ecosystem” and investing in anything apart from making it seem that the CCRB token is actually worth anything.

CCRB Token Price.png

(is CCRB a scam or not? What is it all about? How true are all those numbers stated on CCRB’s website? Stay tuned for full digest of what, how and why!)

Q: I have contacted all my friends, family, posted in Facebook/Twitter/Steemit, got 400 (500, 600, 1000) people to register and was waiting for the end of the Token Sale and now I find out that, unless 80 people (100, 120, 200) make a purchase, it was all for nothing…

A: So, according to the “logic” (or absence of such, rather), you should NOT have referred many people. If you would have only referred your immediate family of five people and got your mom to buy whatever from whomever, you would receive 100% of your referral income

Ergo, the harder one worked to promote CCRB, the further he or she lowered his or her chances to get anything in return. But you did not know that up until today, did you.

Q: But they said… But they wrote… But it was stated…
A: Yes…:Screen Shot 2018-04-19 at 10.54.38
…and the CCRB “Whitepaper” states that “the token is based on the Bitcoin 2.0 protocol”. Nuff said.
…to be continued.