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RE: Get FREE Bitcoins, Dash, and Thousands in other small Altcoins from YoBit | NO CATCH
The thing is with giving away such small amounts for free, say if you want to sell any of it you might not be able too because there's usually a min sell/buy orders.
So basically, you either trade for more of whichever coin you got for free so you can then add it to the free ones and sell it all together.
Or, wait for the coin to become valuable enough that whatever you got free covers the min buy order.
I'm going to check out yobit cause I like free stuff too but just something for you to think about. I'll use your referral code too.
Here's my thinking for all intent and purposes I realize they are giving me pennies. That said at one time many of the large cryptocurrencies today started off as unknown currencies. If some startup coin is willing to give me 1,000 coins for taking a milisecond to click a button that's cool with me.
I actually got enough free coins in about 5 minutes of clicking to roll the dice and try the gambling thing, sure enough I lost my dice roll, lol.
I don't plan on making a bunch of money but to me this is at the very least better than a bitcoin faucet as it doesn't require almost any time.
I also may use the exchange just to throw a small amount of money into and try some swingtrading. I'm thinking about maybe $50 and see how high I can run it up. While I plan on paying my taxes and all that jazz I know many people are trying to stay under the radar and YoBit doesn't take any info from you and doesn't report to governments so that may be a perk for some.
Yup all good points you bring up. Fuck it. Signing up right now for fun.