CoinPot Strategy
It has been a while since I have written about Coinpot and I didn't think I would write again but it has come to my attention that some people should know what I think the best strategy for using this system is. Here are the reasons why I used it and why I thought it was decent enough to use. Screenshots will be included of the number of satoshis I transferred to my Hashflare account.
So I used it and kept all the money in for quite some time. When the price was at 15k the amount you get is lower. The lower the price the more you earn. Patience is key when this happens. The reason why I waited so long is that 211,000.00 Satoshi is always 211k. But, it's worth more at 12k then at 7k. My recommendation is to keep on holding until you have a huge amount and when you achieve your goal you use that and use it for Hashflare. For example, let's say ABC is worth $20 at 6k but at 18k it is worth $60 dollars. Waiting that extra time period you 3x your money and when you use that money on a website like Hashflare they take that as ABC amount as $60. Instead of paying $60 with USD you can just hold on and make that $20 into $60 since ABC Satoshi hasn't changed but the price of bitcoin has.
NOW here is how to make that $20(should be 60 but I have about 27 invested into Hashflare I think) into something a lot more, using Hashflare.
This is why I said 211k Satoshi
Here is a chart of the current payout with a simple investment of ABC I don't know the exact amount may be $27 all from Coinpot. As the price grows so does the amount you make a year. If bitcoin is at 20k again my earnings will 2.926x to make the total 129.20.If Bitcoin hits 50k my price will 7.31x which will make it a total of 323.01. This is the simple power of numbers. In one year $27 can turn into some crazy numbers. Now, of course, the more you invest the more you make! Let's work with bigger numbers 2,200 invest. you will make 2830 a year which is a profit of 630 if the price stays the same! if the price hits 20k you will make 4,309 profit a year. If it hits 50k you will make. 14,242 PROFIT IN A YEAR. THIS IS NOT INCLUDING REINVESTING YOUR EARNINGS!!! Check out Hashflare
Thanks for the article my friend; upvoted and resteemed of course.
Now, let's see if I understand this correct: if I start with 211k satoshi ($14.95 at today's BTC price of $7,000), this will amount to a profit of 645,685 satoshi after 1 year for a total of 211,604 + 645,685 = 857,289 satoshi ($60.58)? Without re-investing or BTC price moving up, that is. And numbers go up pretty quickly when working with larger start amount, of course.
Hmmm, that is quite a reward for relatively no work at all; certainly something a lot of people would be interested in I think.
For me, I still don't know. I do have all the Coinpot accounts of course, but have also found another interesting faucet site which you may want to try: freebitco.in. I use that one now because I only have to click once every hour and it pays interest too. There's almost no ads and they have an associated mining-page where you can choose the number of cores in your CPU you want to dedicate to mine in the background.
I'll certainly have a look at Hashflare to!
That 211k satoshi is gone because it's invested in the mining process. So its 645k at the end. But keep in mind the bigger profit comes when you buy bitcoin at ABC satoshi and 7k and 3x fast when it is at 21k so the amount 3x and at the peak, you buy the mine hash. Keep in mind my example as 211k satoshi so 211k at 21k is worth $49.85. I did a combo of my Coinpot and Hashflare strategy.
I do use that! I haven't rolled anything high on bitcoin but for dogecoin I have.
Okay, it's clear now :-)
And I see I did something stupid: I wasn't even following you yet! Well, that error is corrected now: I hope this helps spread this article to more viewers and I'm looking forward to reading more from you!
I appreciate it!
Coins mentioned in post:
This post received a $0.420 (67.41%) upvote from @upvotewhale thanks to @jason7282! For more information, check out my profile!