Quote from: netbug on April 30, 2019, 02:27:00 PM

Quote from: wheelzoffortune on April 30, 2019, 01:20:10 PM

Wow. I'm really disappointed by the new payouts, but not too surprised.

Cointiply wasn't a great site to begin with.

I didn't find that out until depositing some BTC from another site to it, though.

Their "coin" system is a joke.

When you deposit BTC, you get a set amount of coins, so if the value of BTC goes up you actually stand to lose money.

Yes, that very strange. They pay BTC but they reduce the amount in account while BTC price go up. I never saw any site as this.

Yup. I didn't notice until the recent BTC price increase from sub-$4k to $5k. I looked at my Cointiply account balance and the dollar amount hadn't changed even with the run up. I couldn't figure that out, so then I looked at the BTC amount and noticed that it had decreased. Unfortunately for me, I had just deposited a decent amount of BTC just before the run (hoping to take advantage of the interest that Cointiply gives), so I ended up losing quite a bit of it when the price of BTC went up.

As soon as I figured out what was happening, I moved the BTC elsewhere.

So basically, on Cointiply, you aren't getting BTC from the faucet. You are getting fiat. Then whenever you withdraw that fiat is converted to crypto. It is kind of the opposite of what crypto is supposed to be about.