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?

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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?..
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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.

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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!

Airdrops, Featured, Giveaway, News, Tokens

Add To Portfolio: AELF Tokens

AELF is a fascinating project on its own, – a customisable operating system specifically designed for blockchains.  It fulfils a crucially important market niche, – enough said.

Register now to start accumulating ELF ERC20 Tokens.

aelf airdrop

Founder: Ma Haobo (founder/CEO of Hoopox, CTO of GemPay and AllCoin)

J. Michael Arrington, founder and CEO of TechCrunch, and Zhou Shouji, founding partner of FGB Capital, – members of the advisory board.

“Most notably, though, the project has received considerable investment from numerous venture capital firms. Draper Dragon, Blockchain Ventures, FGB Capital, and over 10 other investment firms participated in the token sale. In fact, the project has been so popular that the team had to turn down the majority of interested investors after reaching their 55,000 ETH goal within two weeks of starting the sale.

The project is not new, – I assume those actively following the ICO scene have heard of or already/are parts of the AELF community.

ELF is traded on numerous exchanges, including Binance (BTC, ETH), Gate.io (USDT, ETH), Bibox (ETH, BTC), just to name a few,… and still is airdropped (part 2 of the Airdrop, AKA “Azeroth Project”).

Why? 12% of tokens were reserved for promotion purposes for the first three years.

What does that mean? 

  • All you have to do is register and, optionally, follow the usual simple steps (connecting Twitter and the like). You will have immediate access to tokens you can safely add to your portfolio and, following a usual “cooldown” period, withdraw the tokens to an ERC20-compatible wallet to hold, leave it within the system as a form of reinvestment, acquiring interest, or sell for other currencies, including fiat.

Regardless of your choice, we would recommend you to read more about the company and the product the ELF token represents. Circulating Supply is not far off Total Supply, so don’t miss your chance to register!

aelf roadmap free tokens best free tokens

Screen Shot 2018-03-24 at 00.25.41

P. S.

This is Part I of AELF series of articles. Part II will describe how to make most of the bounty program.

Read more about ELF and important updates to AELF token bounty:
Continue reading “Add To Portfolio: AELF Tokens”

Coins, Editor's Choice, Faucets, Featured, Giveaway, Markets, News, Signals, Tokens, Trends

DMYF news: a scheduled change of course. Let’s get to our destination quicker!

The Moon Faucet article has turned out a rather long read, featuring some information that a beginner might not be able to put to use straight away. In order to avoid overloading the reader with a ton  of text, images, videos, charts and tables at once, we were forced to post the related predictive calculation of annual faucet earnings and  Moon faucets claim earnings calculation in the News section. Moreover, the Helpful Tips section is a partly a side-line of that article.

As an experiment, we decided to compose a “step-by-step” version… with a twist.

We used to write about faucets extensively, however our primary focus has always been investments, trading, coins, tokens trading signals and cryptocurrency market news and trends. Regular readers will notice the shift in focus soon, if they have not yet paid attention to the front-page trends.

Sidenote: we get a lot of emails such as “great article… By the way… I just created my first faucet… Could you please review it…” 

We appreciate the positive feedback, our worst nightmare is creating a website which looks like a list of faucet links, created purely referral-generation (want examples? Visit Faucethub).

On a brighter note, we are also often contacted with investment opportunities and other cryptocurrency-related topics. That, we are more likely to feature. 

We are open to any suggestions and any welcome any kind of cooperation, but we view faucets as a simple way of accumulating some knowledge about cryptocurrencies, or even save up some basic trading or investment capital for your portfolio. With few exceptions, such as Freebitco.in which is also an excellent investment vehicle, carefully ask yourself whether you are going to make a fortune off a faucet.

Especially, if you just try a faucet, use it for a few days and leave it be. Congratulations! You have been fleeced. Not only the faucet owner has generated advertisement (or other) income off you, you did not bother taking anything in return. Thinking of trying a faucet? Try it. But do not quit half-way. Do not let the system win!

What is advertisement income can a faucet generate off you? That is an interesting question. If we take Moon Faucets, the price of an appearance of a small banner is $0.10-$0.15 USD per 1000 views.  You do the maths who’s the winner in this equation.

Do not get us wrong, we will still post news relevant to the faucets we featured, publish articles on how to make the most of them, update the Tips section.

Why don’t we just completely get rid of faucets? Because, even today, those 50 doge can kickstart your trading career. Sounds surreal? It is not.

You can read more in the “Our Vision” section.

Soon, we will publish a review of the excellent next-generation Cointiply bitcoin faucet (register at Cointiply now) and, after that, dedicate most time on writing about market news, investments, trading strategies, trading signals.

P. S. We are thankful to all those using our referral links; the revenue will either be used for project development; this project is designed as something built entirely using cryptocurrency (hosting, domain name, design), product testing (i. e. testing a new exchange) and the rest will be given back to the community directly (see our weekly giveaway section), or indirectly, in forms of bounties. One of our goals is that one day 100% of every faucet income will be given back to our referrals… So we have a lot of work in front of us.

Thank you for your support!

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

Featured, Markets

Lightning-fast DASH withdrawal to Binance trading wallet

Following last morning’s news which have reflected upon the coin’s market price, we withdrew some DASH faucet earnings to a Binance DASH trading wallet.

The total transaction time (including manual approval) was just over an hour! In daytrading time can be, quite literally, money, so we were pleasantly surprised.

withdrawing from coinpot quick

Deposit DASH coins to Binance from Coinpot

Unless you are saving up/holding, or have your own plans for your DASH earnings, we would recommend following the news and having an exchange account with a wallet address at standby, should any currency’s price begin to spike. Using a converter is an easy and instant process, but not the most economically efficient choice.

Where to sell, buy or trade DASH?

*note: all the exchanges below have been tested, used multiple times and were proven to be reliable.

Do not miss a chance to register at Binance, – somewhat of a golden standard, regularly referred to by professional traders (total daily transaction volume exceeds an impressive 1,2 billion USD), sometimes pauses new registrations. Binance offers a multitude of professional trading tools, state-of-the-art security protocols, apps and, well, the status of being a Binance trader (joke).

DASH trading pairs: BTC, ETH.

(please note: in accordance to Binance rules (refer to – Trading Rule – Binance), minimum trade for DASH on Binance is 0.001 DASH. If your DASH balance is less than that, you will not be able to set up a trade).

If your main source of DASH is not a previous trade, if you did not buy some coins for your country’s currency or used a converter, but got some off one of the Moon Faucets, get that balance up to the minimum withdrawal threshold if you’ve been neglecting it (DASH is a good asset to have in your portfolio) and pick one of the following exchanges which will let you sell smaller portions of DASH:

Register at Cryptopia. A New Zealand-based altcoin paradise, listing almost 500 coins, tokens and those-weird-names-no-one-ever-heard-about and never will yet, which can skyrocket naturally, or during an organised pump. Would you rather invest in TrumpCoin or BolivarCoin? Is DopeCoin your thing, or you are contemplating adding some GAY Money to your holdings? Were you on a quest to find Philosopher’s Stone? Giggle all you wish; as long as there are pairs to trade and volatility, there’ are moneymaking opportunities.

Humor aside, despite that Cryptopia might seem like some online Tortuga of cryptocurrency exchanges, it is a well-established, user-friendly and well maintained platform, dedicated iOS app, trading every serious coin, albeit in much smaller quantities than Binance. Have you read our guide on making daily withdrawals from Moon Faucets? For 50-60 DOGE you can get ahold of a whole list of new currencies to play with. Some of them will surprise you one day.

DASH trading pairs: BTC, USDT.

CoinExchange is somewhat similar to Cryptopia in its vast selection of altcoins (how can one possibly resist holding Theresa May?). Its minimalistic and neat interface is perhaps more suitable for those newer to trading. We admit having a certain emotional attachment to CoinExchange – it was there where we came up for an idea for a trading strategy; hence it is mentioned every so often, but, considering a healthy amount of pairs of all major currencies, aggressive cold storage policy, great support (including a BTC bounty for bugfinding), upcoming asset trading opportunities, etc., why not register at CoinExchange now?

DASH trading pairs: BTC, ETH.

Last, but not least; an exchange that is too good to miss:

Florifa-based exchange Gate.io offers a mobile app, almost 300 currencies, highest security measures, 0.0% withdrawal fee, cold wallet storage, regular market insights and much, much more.

Pleasant surprise: register at Gate.io using our unique link and receive a 10% discount on trading fees for one year.

10% off discount trade cryptocurrency gate.io
Gate.io Homepage
GateIoSignUp
Resigter at Gate.io

 

DASH trading pairs: BTC, USDT.

Best of luck!

(disclaimer: the article is not written to encourage you to trade, invest, hold, or purchase any currency)