Coins, Editor's Choice, Faucet News, Markets, News, Trends

News: Free Bitcoin 5x (!) Reward Point Promotion; All Faucets’ Payouts Increased

 

0.00000072 btc won on freebitco faucet

FreeBitcoins weekly Reward Points promotion is on. We have reviewed FBC Reward Point system extensively; albeit, (spoiler) the grand finale (aka “how saving up Reward Points can let you quit your day job”) publication is reserved for DMYF‘s 2.0 website opening.

5x reward points promotion running on every claims on freebitco


As cryptocurrency market capitalisation shrinks, faucets’ generosity increases.

(hypothetical) Faucet’s admin’s’ train of thought: im order to retain traffic, rewarding users with a few more litoshi, satoshi, duffs etc. per claim while cryptocurrencies are cheaper to purchase is a must. 

(hypothetical) Pessimists’ (apocalyptic) train of thought: all is doomed! Cryptocurrency market is collapsing! It’s all been a waste of time! Screw this bubble! I’m transferring all my cryptos to LuckyGames, playing BlackJack till my last Satoshi! Wait… What if I win?..

(hypothetical) Optimist’s train of thought: “cheap crypto = best time to faucet. BonusBitcoin average claim is 32 Satoshi per 15 minutes, while some time ago it was as low as 14… What if… history will repeat itself?..”

Litecoin price on 16th November 2017
16th November 2017. Litecoin price: $64.75.
Lite coin's historical price chart on coinmarketcap
А вот 19-го декабря 2017-го года, Лайткоин оценивался в $366.15.

DMYF editorial train of thought… will be elaborated upon in a separate publication. Although to dissolve panic and elevate spirits…

PayPal‘s $400 million acquisition of Hyperwallet is complete, as announced on the 15th of November.  

How is that supposed to calm the nerves of crypto HODLers

Elementary. first Warren Buffett, then PayPal throw $1 billion in FinTech projects, e-currency and e-commerce. The so-called “financial revolution” proclaimed by investo-cryptoevangelists is primarily referencing decentralisation of financial transactions, opportunities presented by blockchain technology and transparency of open-ledger cryptocurrencies. Cryptocurrencies belong to the same world, – thus, if investors are fearlessly investing in FinTech, the markets should not fear government regulation, – government being the only entity powerful enough to put a decisive end to means representing decentralised exchange of value, – be that Bitcoin or TrumpCoin

As long as the currencies in your portfolios have legitimate real-life uses, offer novel solutions and their value is determined by something more feasible than pump-and-dump scams, they will retain their respective, adequate market value.

Unfortunately, predicting said “adequate market value” is more difficult than looking at last year’s charts. 

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, Giveaway, Guide, News, Signals

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

Ten hours ago, Freebitco.in Promo was like:

earn free bitcoin every hour bitcoin free hourly free bitcoin earn free bsatoshi every hour satoshi free hourly free satoshi freebit.co.in reward points what are free bitcoin reward points for
47 (!) Hours Left for Triple Reward Point FreeBitco.in Promotion, – you get three times (3x) the usual reward points per roll in addition to guaranteed free satoshi every hour.

While now it is like:

btconlinefreetoday
37 (!) Hours Left for Triple Reward Point FreeBitco.in Promotion, – you get three times (3x) the usual reward points per roll in addition to guaranteed free satoshi every hour.

Still do not hold an account on what we (seriously) consider the absolute best Bitcoin faucet around? Today would be a great time to spend two minutes of your time and do so.

REMINDER: if you register a Freebitco.in account using our referral link, you will regularly receive additional free Bitcoin (…and then we stopped dreaming…), or, rather, satoshi from DMYF, increasing your earnings legally and automatically. 

— Just in case… —

A Guide to Overcoming The Infinite Complexity of the FreeBitco.in Registration Process:

1. Clicking the image below, following this link or simply copy-pasting pasting https://freebitco.in/?r=11862541 into the address bar of your browser should let you reach the destination close enough to be able to Sign Up.

free BTC every hour win free BTC every hour how to earn more bitcoin on freebitco.in freebitco
2. Make sure that the text field after “Your Referrer” is not left blank or set to 0, but states 11862541.

3. Enter your e-mail address. Freebitco.in has not been known to send spam, but has been known to send free satoshi. Seriously. 
4. Pick a password. 
5. Solve Captcha which will be different to the one shown above. If the Captcha seems to difficult, clicking the small green “refresh” button (bottom right, two arrows) helps.
6. Click “Sign Up”. 

Congratulations. You are in.

– Just another guide. We’re glad we shared it with you. –

Where were we… Oh, yeah. Reward Points.

HOW TO: Change the bonus which is credited along with every one of your free Bitcoin rolls: 

Disclaimer: We are not massive fans of lotteries and since (in our subjective opinion) FreeBitco.in Reward Points are far more valuable on average, we dare suggest you visit your Profile page,

бесплатные биткоины бесплатные сатоши заработать криптовалюту онлайн бесплатно бесплатные битки как заработать первый биткоин
Location: Top Menu, Highlighted in Yellow

then click the blue button which states “Disable Lottery and Interest”,
free bitcoin every hour
make sure the option to DISABLE LOTTERY is selected.

Optionally, ask yourself: why would anyone choose to opt out of INTEREST paid DAILY and AUTOMATICALLY on your BALANCE with NO HIDDEN CHARGES and INSTANT ACCESS TO YOUR SAVINGS? Is it choice for the sake of choice, is there some PC (stands for political correctness) rationale, or…? Make sure you have not disabled interest by accident if your balance exceeds 30,000 satoshi. If you do, – pray tel us why.

RESULT: when making your roll, hoping for dem big bucks to lighten up your weekend, should you win some free BTC or free satoshi, you will receive Reward Points instead of Lottery Tickets.

btc sat free btc earn btc eat
With the ongoing promotion in mind, you now earn even moar Reward Points.

NOTE: Should you wish to return to earning free lottery tickets, you can untick the box to return to default settings. 

Sadly, unlike Coinpot Tokens, the exchange of Reward Points to satoshi is offered at a flat rate of 1RP to 1sat. 1000 Reward Points can be converted to 0.00001000 BTC.

Besides, minimum 100,000 RP have to be exchanged at one time… Which prevents impatient users to sell Reward Points below their real value. 

Feel free to check out what Reward Points can be redeemed for by visiting the Rewards Section (button highlighted yellow).

btcforfree

Q: OMG! Everything is so expensive!
A: Have no fear, DMYF is here. 😉 Stay tuned.

We might not know an overnight method of earning enough for an APPLE IPHONE 8 (256 GB), and even the SAMSUNG GALAXY S9+ (64 GB) is not something we can guarantee to reach your doorstep next week, but we can promise you justice give you hope. For as long as free BTC rolls are made, liberty will never perish.

(to be cont.)

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…
Editor's Choice, Mining, News, Scams

Tesla Mining – Legit or Scam?

Dear All,

As predicted, Tesla Mining turned out to be a 100% scam.

When trying to open the Tesla Mining website, we get:

tesla mining scam bitcoin free hashpower scam

We have warned our readers previously and we mentioned numerously that “bitcoin mining” websites which encourage you to “invest” in mining, promising 100000% returns are typical Ponzi schemes.

If, by any chance, any of you have spent your Bitcoin or fiat currency on those websites, we hope you will not be fooled again.

Please remember, – if something smells like **** and looks like ****, it is most likely CCRB (jk) ****.

Read more about our brief investigation:

Tesla Mining

Tesla Mining – “free” Bitcoin Mining… What’s the catch?

Q: Are there reliable ways to multiply your Bitcoin (or other cryptocurrency)?

A: So far, the only service which has a history of payouts and has not been accused of scamming or stealing users’ investments is FreeBitcoin’s “saving” scheme.

Starting with a minimum deposit of 30000 Satoshi, a user will earn daily interest (4.08% p. a.). Anyone can invest their Bitcoin at any time, withdraw the Bitcoin at any time and watch the investment grow daily. FreeBitcoin is one of the oldest Bitcoin services (established in 2013).

Please note that we do not offer investment advice. We do not claim that FreeBitcoin is a Swiss Bank. However, compared to various Tesla Minings, which appear out of nowhere and disappear into nowhere with your money, a service that’s been around for five years and which offers a modest ROI would be our personal choice.

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

5 Biggest Cryptocurrency Scams

Cointelegraph published an article detailing five notable cryptocurrency scams.

cryptocurrency scams onecoin bitconnect plexcoin centratech pincoin

Source: https://cointelegraph.com/news/unpacking-the-5-biggest-cryptocurrency-scams

“The crypto community needs to promote financial education and ethical investment practices, otherwise governments will over-regulate and stifle real innovation. The most effective way to protect investors is through education. Investors need to learn how to evaluate investment opportunities, quickly spot scams, and know how to manage risk.”

The crypto market has immense potential, but is still immature; should its reputation continue to be tarnished by shady companies and schemes, governments will not have a choice but impose regulations at a stage when over-regulation can be lethal to the market as a whole. The sooner the market learns to self-regulate, the better; hence, pointing out scams is one of the objectives of this blog. We do not give investment advice, however we do encourage the readers to use common sense and critical thinking.

When looking at an ICO…

  • Read the Whitepaper. Is it up to industry standards?
  • Have a look at the Roadmap. Has it been followed up until now?
  • Have a look at the Team. Is it composed of Tech guys, or Salespeople?
  • Is the project unique?
  • Are there valuable partnerships? Are the partnerships real?
  • How approachable is the team?
  • Is the strategy clear and concise?
  • Are the objectives attainable and realistic?

If you have already invested in coins/tokens/ICOs…

  • Have a look at your portfolio. Critically examine the progress of every item.
  • Has the company made any progress since your first look?
  • Does the project show real signs of life, or is starting to seem abandoned? (beware, – after recent price falls, many companies are thinking of exit strategies)
  • Is the team expanding or contracting?
  • How has the market reacted to any news regarding the project?

Etc.

P .S. DO NOT FALL PREY TO FOMO. Many “investors” felt FOMO when looking at Bitcoin price in December.