Using Crypto Faucets to Hedge against dips
It has been a tough few weeks watching my portfolio drop almost every day. One positive thing I noticed as the market dropped — the amount of crypto that I was getting from BitFun and the other Coinpot faucets increased.
I will use BitFun as as example because, you get a fairly regular amount of satoshi that you can claim every 15 minutes. The average claim amount appears to change as Bitcoin rises or drops in roughly $500 increments. For example:
- Under $6500–44 satoshi
- Under $7000–42 satoshi
- Under $7500–40 satoshi
- Under $8000–38 satoshi
- Under $8500–36 satoshi
This means that although Bitcoin lost about 25% of its value recently, this is offset my claiming 32 more satoshi per hour when looking at the extremes in the example above. This means that when the price goes back up, you will have a larger and more valuable portfolio.
It also shows that the value per claim remains fairly steady even as the market is volatile.
- $6500 x 44 satoshi = 0.00286
- $7000 x 42 satoshi = 0.00294
- $7500 x 40 satoshi = 0.00300
- $8000 x 38 satoshi = 0.00306
- $8500 x 36 satoshi = 0.00312
So even it is not as much fun to claim when the market drops, keep claiming! Enjoy the extra satoshi (and litoshi and Dash and Doge).
Check here of my list of faucets.