Coins, Markets, News, Tokens

NEWS: Petro Trumped!

Donald Trump vs. Venezuela’s national cryptocurrency.

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

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

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

TrumpCoin price

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

PresidentTrump coin price

…however Petro itself was barely affected..

Petro Venezuela crypto price

🙂

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

Register a trade account on LiveCoin

Register a trade account on Cryptopia

Register a trade account on YoBit

Sources:  Continue reading “NEWS: Petro Trumped!”

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

Coins, Faucets, Markets, News

Monero Hard Fork Postponed

monero hard fork xmr xmv

Remember our article on Monero’s hard fork?

Great news: Monero have postponed the fork that was initially going to take place on the 16th of March (tomorrow for some, today for others) by SIX weeks, allowing those who have trust in the coin’s value to accumulate a more significant amount in hopes to profit off XMV appearing in the XMR wallet (remember Bitcoin Cash appearing in your Bitcoin waller?.. It did not?.. Maybe, because you are not using a real wallet?). Naturally, the news had an immediate impact on the price of Monero… Which bought some time (no pun intended) for those intending to add XMR to their investment or trading portfolio.

monero price xmr price chart cost of monero monero market cap

Source: Coinmarketcap.

Source: 

https://www.coindesk.com/monero-eyes-200-reversal-target-hard-fork-delay/

Monero on Cryptocompare:

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

Coins, Important, Markets, News

NEWS: Binance: No 1. in daily trade volume second day in a row, DiceMine reduces XMR withdrawal minimum and more.

Binance ahead of competition

Today, the Hong-Kong-based exchange maintains its no.1  position with 24-hour trade volume of $1.6 (!) bil USD.

exchange trade volume 24 hours Binance

Yesterday, Binance ltook lead the trade volume Coinmarketcap chart with over 1,3bil USD worth of trades.

Binance daily trade volume in USD

Source: https://coinmarketcap.com/exchanges/volume/24-hour/

Register at Binance

Cryptopia delists the DOGE/LTC trading pair.

Cryptopia delists Litecoin-Dogecoin

Sadly, one can no longer trade DOGE/LTC on one of our favourite exchanges. The news aren’t significant at all; it is merely a reminder to always keep track of your exchanges’ news. It might save you a lot of money.

DOGE/LTC is traded anywhere and everywhere. For small quantities, we recommend CoinExchange as an alternative.

Buying Cryptocurrency, Coins, Markets, News, Scams

NEWS: Google bans ICO ads, Coinbase approved by FCA and more

Goodbye, ads of pump-and-dump ICOs!

Google is going to ban all ICO-related adverts, as well as advertisement of wallets and agencies offering investment advice. We applaud Google. Recently, the cryptocurrency market went mad; it seems that a pretty website (preferable), fake promises (necessary), a whitepaper (can be composed of random generic rewritten material from actual whitepapers), some mention of the words “decentralised”, “cryptocurrency”, “projected price by 2020”, plus some investment in advertising online = successful pump-and-dump ICO. We have saved a number of examples which we will later break down, – the situation is turning into a joke. A bad joke.

Sources: 

https://www.bloomberg.com/news/articles/2018-03-14/google-to-ban-cryptocurrency-initial-coin-offering-ads-in-june

https://www.cnbc.com/2018/03/13/google-bans-crypto-ads.html

Common sense prevails.

South Korea most likely to revert its ban on ICOs and cryptocurrency exchanges, allowing South Korean companies to raise funds via ICOs. Although the initial story was hyped beyond its actual significance and often misinterpreted, today’s news are nothing but good. South Korea is a significant cryptocurrency market and introducing draconian regulations could lead to… Using some loopholes, South Korean startups would prefer… North Korea.

Sources: 

http://fortune.com/2018/03/12/south-korea-cryptocurrency-ico/

https://www.investopedia.com/news/cryptotrading-and-icos-now-allowed-south-korea/

https://www.coindesk.com/south-korea-may-lift-ico-ban/

Coinbase approved by UK’s FCA

…and becomes as “legit” as can be. For those who can afford it, buying yourself into the world of cryptocurrency trading becomes much easier (specifically for UK and EU users). Coinbase gained access to FasterPayments thanks to an agreement with Barclays (a first deal between a major UK bank and a major cryptocurrency exchange), which means that buying bitcoin using a credit or debit card becomes as easy as making an Amazon purchase.

Quoting from the Coinbase newsletter:

“We are happy to announce that Coinbase has received an e-money license from the Financial Conduct Authority (FCA) in the UK. The license will allow Coinbase to issue e-money and provide payment services across Europe. For our customers, this will ultimately help us deliver a better experience through new partnerships and an easier to use product.”

We wonder; when will we see a first reputable cryptocurrency debit or credit card? Is this another step towards making the profits from cryptocurrency faucets and exchanges as effortless?

Sources

https://techcrunch.com/2018/03/13/coinbase-emoney/

https://www.cnbc.com/2018/03/14/coinbase-cryptocurrency-exchange-opens-bank-account-with-barclays-in-uk.html

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)