I am curious to know how you got .02 from the PD faucet.
Assuming PD is PrimeDice, he probably got .02 from the happy hour faucet.
Topic: How long does it take to reach 1 BTC in 2014? - page 3. (Read 3271 times)
Assuming PD is PrimeDice, he probably got .02 from the happy hour faucet.
I understand what OP is implying. Yeah, it is so much harder to own 1 btc compared to just a year ago.
Let me give OP's scenario a little twist. If someone do not have too much spare cash, and could only afford to buy $20 worth of bitcoin every week. If bitcoin price is rising at an average rate of $10 every week. Could he actually own 1 btc by the end of 2014?
Let me give OP's scenario a little twist. If someone do not have too much spare cash, and could only afford to buy $20 worth of bitcoin every week. If bitcoin price is rising at an average rate of $10 every week. Could he actually own 1 btc by the end of 2014?
Dollar cost averaging, based on bitcoin's price history, will usually work in your favor. But not always. So it really depends when you have been buying exactly. Personally, I see a rally brewing, so they might just get more expensive.
If you are buying bitcoin at a rate of $50 per two weeks then it would take 28 weeks to buy one btc assuming that your average price is $700 per btc (it is at $636 now).
I am curious to know how you got .02 from the PD faucet.
If you were to use "regular" faucets then it would take at least hundreds of thousands of hours of work to earn one bitcoin (hint: do not try this)
I am curious to know how you got .02 from the PD faucet.
If you were to use "regular" faucets then it would take at least hundreds of thousands of hours of work to earn one bitcoin (hint: do not try this)
For example, I've been buying $20 to $50 worth of BTC every couple of weeks since early this year, and I'm still at 0.3 BTC (or about 0.25 BTC excluding altcoins). I also got about 0.02 BTC from the PD faucet, and a tiny percentage from other faucets like Freebitco.in.
In 2009, it would have taken seconds to minutes to reach 1 BTC. In 2010, maybe a couple of hours. And in 2011, perhaps a day to a week depending on the month. Generally, how long do you think it would take for a person living today to reach 1 BTC? 10 BTC? 100 BTC? (heck, is that even possible now?)
Your question is really hard to answer and the rest of your post confuses me even more.In 2009, it would have taken seconds to minutes to reach 1 BTC. In 2010, maybe a couple of hours. And in 2011, perhaps a day to a week depending on the month. Generally, how long do you think it would take for a person living today to reach 1 BTC? 10 BTC? 100 BTC? (heck, is that even possible now?)
If you have 620~ USD, it takes a second to obtain a btc. You simply buy it.
If you're going to rely solely on faucets - you're looking at years of work.
If you're mixing faucets, buying, earn sites, signature programs, gambling, freelancing - it's impossible to say how long it's gonna take -you- to earn a bitcoin.
You can always try cloud mining, it's an investment so don't do it if you can't afford to invest, but after you break even it's a passive income.
For example, I've been buying $20 to $50 worth of BTC every couple of weeks since early this year, and I'm still at 0.3 BTC (or about 0.25 BTC excluding altcoins). I also got about 0.02 BTC from the PD faucet, and a tiny percentage from other faucets like Freebitco.in.
In 2009, it would have taken seconds to minutes to reach 1 BTC. In 2010, maybe a couple of hours. And in 2011, perhaps a day to a week depending on the month. Generally, how long do you think it would take for a person living today to reach 1 BTC? 10 BTC? 100 BTC? (heck, is that even possible now?)
In 2009, it would have taken seconds to minutes to reach 1 BTC. In 2010, maybe a couple of hours. And in 2011, perhaps a day to a week depending on the month. Generally, how long do you think it would take for a person living today to reach 1 BTC? 10 BTC? 100 BTC? (heck, is that even possible now?)
Jump to: