Contents
The Offer
- Coinbase Earn is offering $3 in AUCTION for watching short videos on the cryptocurrency Bounce [$1 x 3 videos]. Answers are as follows:
- What is Bounce? A decentralized auction protocol
- How can you use Bounce? Create or participate in auctions
- Where can you use the Bounce app? app.bounce.finance
Our Verdict
These deals are super easy and only take a minute or two to complete. I just do them and hope it’s worth a lot of money in the future. You can find more Coinbase deals by clicking here.
I just opened a new Coin base account. Even though I finished photo ID verification, I am on “waitlist” and cannot do this and other Learn and Earn deals. How long do I have to wait?
Is there a reason why I can’t get any of these to ever work? I’ve tried every browser in existance and the page to watch the videos never loads.
check ur script blocking, browser settings/flags, etc.
When in doubt, use vanilla chrome..
Thanks Doc!
I periodically update a spreadsheet keeping track of the freebies from Coinbase. Here’s the sheet: https://airtable.com/shrOi9Y1gfaQfXh9J/tbl650W0zZGDCOcyg and here’s the last time I commented about it on DoC https://www.doctorofcredit.com/coinbase-earn-learn-about-clv-earn-3-in-clover/#comment-1226464 Probably worth noting that all of these have dropped in the last 12.5 months and there were 5 in December 2020.
Today’s update is that if you participated in the last 21 coin drops you received ~$85 at the time and if you kept those coins they have a current value of ~$197.44 for a 132% increase. If someone put $100 into each coin as Coinbase handed them out they would have invested $2100 and would currently have coins worth a total of $4134.67 (which is not 132% because earlier coins were handed out in larger than $3 amounts and have shifted the weight of the calculation).
I don’t know if there is much to distill from the timing or pre-freebie pricing but if you look at the table it’s clear that some winners won hard and most coins lost slightly. The average increase of each coin was 87.5% but there were 10 coins (including 2 from today) that gained less than 10%, all the way down to one that lost 44%. Another 5 coins gained less than 50%, 1 gained 82%, 1 gained 196% and the remaining 4 gained from 311% to 433%.
Same disclaimer as before: Not really a crypto guy, tend to think everything in this space is a total scam but that some of them happen to make people some money (despite probably being scams).
They are only worth what other people are willing to pay for. Life is a scam. Buy my painting for 1 million and it’s worth 1 million.
Just made one more update to the sheet and added bitcoin price comparison from the day of the grant to now. Apparently only 2 coins beat bitcoin in gains since the day of grant, oof (MKR and NU)
Have you noticed any pattern, like the price going up for the first X months after Coinbase starts giving them away, and then going down? i.e., if I want to sell them for bitcoin, is it best to do it immediately, or wait X months?
Nice table. But your CTSI entry has a wrong grant date though. You put 2022 instead of 2021.
I love data. Thank you.
Only a 1/3 of these have lost value. Only 2 beat bitcoin.
That’s a pretty strong argument to just convert to bitcoin and wait until general investing public realize what ‘limited supply’ really means.
All currencies are confidence scams, the miles+points games teach that quickly. A great currency has a predictable monetary policy and nothing so far – miles, dollars, gold – is as predictable as code.
These free shitcoins almost always lose value, but I’m way too lazy to trade them for btc or eth, maybe one of them will hit it big one day…
Literally takes 5 seconds to convert.
Is converting these shit coins into btc considered a taxable event?
yes, even earning them through Coinbase Earn rewards is a taxable event.
Wow, this coin ramping up, probably because of the low supply, let’s hope the $3 goes up to $30 🙂
Amen
Keep it coming
That’s what she said.