Coins, Markets, News, Scams, Trends

NEWS: Twitter follows Google and Facebook, the Future of Cryptos in Buenos Aires and more

Twitter followed Google and Facebook and is about to ban cryptocurrency-related ads. As with Facebook and Google, the policy-in-development will affect ICOs, wallets and so-called investment advice.

Without a doubt, the situation was getting out of hand. “Easy money” (there is no such thing as easy money) attracted a lot of dishonest operators to the market. Some ICOs exist only in form of a website, “investments” are usually ponzi-schemes. Unfortunately, the markets can irrationally react to headlines, but the storm will eventually settle.

To all those promising a “financial revolution” through an issue of another ERC20 token: hey, if you can revolutionise the whole financial system, you surely have enough brainpower to revolutionise product placement strategies?

From our subjective point of view, the best investment opportunities are rarely advertised aggressively.

Rather than focusing on Twitter and Facebook imposing restrictions upon advertisements of fake wallets, one should take note on Financial Stability Board officially issuing a statement that no new regulations will be imposed upon the cryptocurrency market.

“Cryptocurrencies do not pose risks for global financial stability.” – Mark Carney, Governor of the Bank of England.

One would expect the price of Bitcoin to be affected by a greater degree following the positive macro news, however it seems that the market is amidst a storm of uncertainty. Maintaining clarity of thought during times like these is pivotal.

bitcoin price reacts to g20

Coincheck, the Japanese exchange which suffered heavily due to the NEM hack drops DASH, Monero and ZCash.

Reminder: About 523 million NEM coins were stolen from the exchange. Access to the private keys for the NEM wallet resulted in a theft of over $500 million out of the exchange.

We can see a clear segregation between a coin’s anonymity and willingness to integrate with the establishment. MasterCard’s officials are cautiously saying that they are willing to work with cryptocurrencies as long as they are not anonymous. Although Coincheck is not a market leader by far and is dropping the said currencies as a precautionary measure and, is a great divide to be expected in the future?

Sources:

https://www.coindesk.com/twitter-will-ban-cryptocurrency-ads-in-two-weeks-says-report/

https://www.ft.com/content/9afa9f4c-2772-11e8-b27e-cc62a39d57a0

https://www.ccn.com/bitcoin-spikes-7-to-8460-overnight-as-cryptocurrency-market-rebounds/

https://www.usethebitcoin.com/mark-carney-g-20-watchdog-focuses-on-cryptocurrency-rules-review/

https://cryptona.co/coincheck-drop-monero-dash-zcash/

https://globalcoinreport.com/litecoin-makes-appreciable-gains-as-the-litecoin-core-upgrade-gets-announced/

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)

Coins, Markets, News

What a Difference a Day Makes

DASH

To sell..

dash chart price day 12th March going up

…or to buy?

dash weeks chart price

“Three recent headlines: DashBoost entering public beta, Dash Watch’s release, and Dash Core now legally owned by the Dash network. These three represent something much more significant than anything currently under development for Dash.” Continue reading “What a Difference a Day Makes”

Airdrops, Coins, Markets, News

Monero On The Rise

Have you wondered why, despite the altcoin market largely staying in the red against Bitcoin (partially due to the steadily increasing price of BTC, which retains its dominance), Monero’s value spiked towards the end of the week?

monero altcoin price rise

Monero developers announced an upcoming hard fork, introducing MoneroV which, unlike Monero that has an infinite supply, will be strictly limited in numbers. All Monero users (who have a wallet of their own) will get 10 XMV per 1 XMR owned around mid-March. In combination with an announcement of a new wallet, the news resulted in Monero hitting market capitalisation of $5,3 billion.

Q: I have 0.01 XMR in my wallet… Will I still receive the XMV?
A: Yes. Monero holders will receive the proportionate amount of their XMR in XMV. So, for 0.01 XMR you will get 0.10 XMV.

Read more:

https://ambcrypto.com/monero-xmrs-new-hard-fork-monero-v-xmv-community-split/

https://cryptocurrencynews.com/daily-news/altcoins/monero-xmr-bitcoin-cash-bch-nano-grow/

Monero at Coinmarketcap:

https://coinmarketcap.com/currencies/monero/