Topic: I dont think beginners should start with airdrop anymore (Read 516 times)

Well, an airdrop is just a starting fuel required for a newbie to experience the crypto world without spending the actual money. That's why most of the projects announce airdrops to attract users to test their ecosystem and review it so that they can vouch for the same. However, a user should treat it as a test ride and it doesn't make any sense to take the test ride daily without buying any car.

lack of Patience can be seen almost in everyone on this current generation. it takes some time to build it up but its true no beginners should try airdrops right when they are getting started in this community. they can face some months without getting any money or any kind of profit, as high-rank users are also gonna treat him like he is trying to spam. so making experience first is essential and important for beginners and then look for money making which you get a bit of idea on what you are doing.

I think it's a disease of all newcomers.But now it is really even not being a beginner is very difficult to earn.Therefore, to blame the newcomers is not entirely correct.Now for earnings it is best of course to invest in projects that are carried out by IEO.

Newbies starting with airdrops is likely due to the orientation they got before entering cryptocurrency. I have not taken part in any airdrops activity but using other testimony as a yard stick I honestly feel it's time wasting and doesn't have value.

Well, it's always the same: originally the purpose was fine but then scammers came and abused it. I agree that we can't prevent scammers from doing useless/fake/scam airdrops. On the other hand I won't let ruin airdrops by them because it's something where a project can contribute a lot and offer people without a risky investment to be part of the project.
Airdrops are still useful but we as participants have to be very careful which ones we do and which data we submit (always remember that the Airdrop can be a scam (send no private keys, no funds sent to receive money, no kyc and so on)).

Most airdropped tokens are pretty much worthless, and people may end up with hundreds of different tokens which will never make it. You could see it as a sort of lottery though, whereby one of those may eventually make it to some exchange and be worth something. There are cases like that explained around the forum. It’s a remote possibility, but so is playing the lottery.

Nevertheless, in the process, you need to be wary what private information you hand over in exchange, and consider that potentially compromised, and your provided contact information prone to spam and scams from there on. Even worse if KYC was mandatory in the airdrop, since your identity information could end up in the wrong hands without much effort.

Which BTC airdrops are you talking about? Those which are posted on eg. freebitco.in? Or are you talking about hardforks? Has there been any hardfork since BTG which was worth the claimin effort?

For now, doing airdrops will not profit as before because many airdrops don't have a price for a long time. People need to know and learn that cryptocurrency is not rich quick scheme and they need to stop thinking like that. There is another way they can do to get the money from crypto, and that is what they need to search to make money.

But if they don't want to listen to our suggestion, then let them feel to see that the airdrops are not worth to do. They really need to be patient to do many works in crypto because what we do now will give benefits in the long-term.

In my opinion, an airdrop is often a waste of time. On erc20 projects less than 5% go through, so it means that you need to get 20 projects to have a chance to get the real exchangeable token... It can be a good exercise so I can encourage at the beginning, but without dreaming... Beside airdrop I would search new mineable coins Asic resistant and would try to mine with Pc. There are when they are launched that for 14-30 days you can get coins even using a small notebook.

This isn't true. Any altcoin, token, ICO, IEO, STO, whatever can start up a bounty program with next to zero effort, and most do. It says nothing about the legitimacy or reliability of their project. Since these campaigns almost always pay in the altcoin or token that they have just created at zero cost, then there is no downside for them running a bounty campaign. It costs them nothing and they have nothing to lose.

This is evidenced by the vast majority of these altcoin or tokens that are paid out never making it to an exchange, and the ones that do just rapidly dump to zero or close to it.

I don’t agree. I believe its fine for beginners to start up with Airdrop, but only got to make our selection better. I prefer Bounty more as that is something which only reliable companies go for.

But even for that I am very careful with my selection and try to go for one I am absolutely sure about. It’s also sensible to only join one with short time phase, we need to find Bounty Campaigns, which are short time duration to avoid major stress.

You are definitely right. The way I see it is if a newbie started with airdrops or in any kind of bounty campaign they'll be only hindering their learnings from the true way in the crypto world. They'll be stuck on waiting here seeing for newly posted ANN threads just to participate in all of them when if they want to really earn they should study about trading or even mining which I haven't seen on a person who started first at earning something they are satisfied with, if they want to grow then they should give up some time on airdrops and spend more of it on reading.

Airdrops may have originally had a good purpose, but they definitely do not any more, and unfortunately we don't get to decide who is and isn't allowed to perform an airdrop. Some of these shitcoins airdrop even to people who didn't sign up, and just drop their useless tokens in every Eth wallet which has been active in the last x number of months, for example. Others use an airdrop solely as a means of collecting your data, either to sell for a profit or in an attempt to hack you. The existence of airdrops has already been ruined, and is pretty much irredeemable at this point.

Airdrop's purpose is not only to get more investors and collect more funds for a project, it's much more than that. Airdrops of valuable projects are an incentive to get a large community that trust in the project and appreciate to use the currency / platform etc.
The biggest problem is that the reputation of airdrops got totally destroyed when every shitcoin did them to attract investors. Their useless shitcoins don't cost the founders anything to do it and that's why there's a large number of useless airdrops.
I can remember Bitcoin had also a decentralized, little Airdrop /Faucet. Gavin Andresen was the initiator and announced it here: https://bitcointalksearch.org/topic/get-5-free-bitcoins-from-freebitcoinsappspotcom-183

The original purpose of Airdrops was building a community and I hope that good projects will see this use case of Airdrops and continue to do them. We should not ruin the existance of Airdrops by useless shitcoin ICOs.  

That's always possible. But if someone makes only the promising ones (2 - 3 per month), the amount of wasted time is not much.

Waiting for a new rules method about newbie with a new register will cant start posting/visit the bounty section. The problem is, some people abused the AIRDROP / Bounty by using bot form Google & Bitcointalk. The abuser using a script for posting using a lot newbie account with low activity joining the same bounty, mostly on Telegram Campaign. But the interesting things the abuser also can manage Twitter Campaign with more than 50 accounts.

The bitcoin airdrops are still worth a decent amount of money.  As much as people shit on bitcoin cash it was some free money so maybe we should be thanking Roger Ver on some level, lol.


The erc-20 airdrops were always a complete scam.

Airdrop popularity is over, before we can make bucks with less effort but now they are just showing useless coins or tokens.
Don't waste your time with airdrops, better start to be more serious by building your journey in trading, you can start as newbie but you can grow to become an expert if you will devote your time and effort with trading.

Once a day Airdrop was most famous free earning scheme although it wasn't quick rich scheme. But nowadays I think hunters are unable to cover their gas fee by collecting Airdrop tokens. On the other hand ICO's are collecting all the personal details from hunters and preparing for another scam. So overall Airdrop isn't really profitable lately.

I think beginners should start by running a full node ( maybe pruning it later ) . That will give them an idea of the mechanism in Bitcoin payments, and the operation and function of the system.

people who are thinking getting rich when they follow a twitter account or doing some posts in a forum are a bit disenchanted... tbh, let them talk bad about crypto. who cares? do you trust someone who is telling you shit about something because he didn't get rich by putting in 10 minutes of work? 

Airdrops: the Good, the Bad, and the Scammy

The Initial Coin Offering (ICO) world has often been described as the “Wild West” of the technology space. Nowhere does this seem more apparent than when marketing a token sale, which is an adventure through murky waters on the best of days. Scams are rampant, not just in token sales, but in the products marketed to the founders of companies running token sales as well.

Airdrops are the granting of free tokens to individuals who in exchange provide a source of viral marketing to the company granting tokens. The activities can range from sharing a link to the company on social media, signing up as a member of a messaging platform such as Telegram, participating in a contest, or bug-testing a beta launch. Telegram message boards and Twitter feeds are full of people seeking out easy money from airdrops, and the appeal of free tokens can feed a form of greed that makes intelligent people lower their guard and fall victim to scams.

Airdrops are not all bad. They are one of the most common methods employed by token offerings to engage large numbers of users, raise awareness of the project, and fill social media channels quickly. When performed properly, they can be used to launch a massive marketing campaign without risking large amounts of precious capital for early-stage fundraising.

However, airdrops are often poorly designed and managed, becoming a dilutive waste of token supply. The “free token” ecosystem is a target-rich environment for scammers, full of new users looking to make a quick buck and absent of due diligence. Whether it is bots and fake profiles filling the entry limits to the max, or flat-out ICO scams aiming to prey on large amounts of unwitting users quickly, there are numerous inefficiencies and pitfalls plaguing the current airdrop market. And if these bad actors are allowed to continue at this pace they run the risk of raising regulatory red flags and ruining airdrops as a legitimate marketing method for other companies.

Source link: https://medium.com/cryptoweek/airdrops-the-good-the-bad-and-the-scammy-25a62eddb189

I as a newbie started with airdrop and lately discover bounty and different way to earn money its not about where you start its for your discovery as long as you surf airdrop will not be the one that you will earn, i see many threads giving newbie a tips and strategies i hope they read it first as some part of forum pinned it

They will and you can't stop them. Airdrops aren't a bad thing, I for one, earned $700 in just two airdrops back in 2018.
Airdrops and bounties are here, the only thing i can see bad is the endless spam on bounty threads.
most of us here joined bounties for sure, but back then we're not required to post report on bounty threads which is very annoying and that's why i already stopped joining it. The only thing i'm in now is the high quality signature campaign.

It depends where you are from. Is $10 for lets say 3 airdrops a lot of money to you? In my country thats 2-3 beers. In other places it is barely pocket change and in poor Asian or African countries it could mean putting food on the table for a week. I think airdrops are no longer meant for those living a fine life style and are oriented towards third world countries but of course they cant advertise them as such.

And sometimes there's a wrong belief that the project has the potential but turns out to be not.

Too much for airdrops today, they are requiring such things that has been mentioned which I think isn't worth to do anymore. The other issue with these airdrops, many of them won't pay and has the guts to scam participants.

Some even require you to sign up to their website with an email and password. As evidenced by the general caliber of bounty hunting spammers on this forum, most people chasing airdrops and bounty campaigns have very low technical knowledge and very poor security practices. I have no doubt that many people whose web wallets or exchange accounts are being hacked are because they signed up to some sketchy altcoin website with the same email/password that they use on several sites.

Also, as you say, having your identity stolen can have life-long ramifications and costs you tens of thousands of USD/EUR/GBP/whatever to sort out. Risking that for a handful of worthless tokens is crazy.

Sad but true. Back in early 2017 airdrops and bounties both were very lucrative. You could earn hundreds of dollars in eg. Twitter and Facebook campaigns per month. Nowadays, they are both not worth the effort anymore.

I took part in 3 signature campaigns in 2019. All of them were promising projects, one even had a working MVP. None of them was listed on an exchange, one project didnt even pay the tokens. So I had 3 month of effort without getting paid a single cent.

If i am not wrong Airdrop were given in 2016-17 , where you just have to fill the form and give the wallet address of the said coin and you get free coins according to your rank or certain limit. But after 2018 even in Airdrop they started to give small tasks to fill so they get paid and that too the reward profit is too less as lot of users join Airdrop and distribution gets low so Today earning in Airdrop is just like earning in faucet.

What OP is telling about is social media bounty where you have to follow the project and like and share their post. and you get reward for that and that too is very low in today market as in this bounty also lot of users join and the reward split gets low

This. And also, you're pretty much paying them with your data. Most if not all airdrops require your email, mobile number, and personal information to submitted(though you can fake your personal info), and some even going as far as requiring KYC, which is significantly more dangerous.

If airdroppers think their personal information is worth a few cents(or sometimes worth zero) of shitcoins, then ok.

that is not "airdrop" that is a "payment" for a job that they do. the job is small and meaningless (an advertisement of sorts) but it still is a job and they are getting paid for doing it so you can't call it an "airdrop".

a real airdrop is when the Byteball team gave away coins to anybody who owned bitcoin at a certain block height and downloaded their wallet. another example is bitcoin-cash which gave away free coins to anybody who had bitcoin.

neither one of airdrops or these payments have ever been good for beginners. they both add complications and require the beginner to download another wallet and most of the times the altcoin wallets are pretty bad and in some cases some of them even contained malware.

Was it ever worth to claim airdrops? I never tried to do that, so I have no idea. For those who have tried, maybe you can tell how much $ you were able to get from best airdrops? Because I remember that people always were saying that aidrops is just a waste of time.
If the project is really interesting and outstanding, they don't need to make airdrop to drag attention because they just will sell all their tokens during ICO.

If the project is really interesting and outstandig of other projects (that's not necessarily difficult for a project of value right now) the airdrop can be a good decision. There were many in the past and people doing them were very lucky.
Airdrops for shitcoins like 99 percent of all ICO are mostly a waste of time but it's not possible to predict which projects will be good. When they launch an ICO it's just a prediction based on already known factors.

Personally I won't join most airdrops right now and I'm doing it only when I see potential in the project.

If you're looking for more productive things to do on this forum to earn BTC, the Services Section is chock full of opportunities and potential tasks/jobs you can do to get some cryptocurrency, like making signatures for signature campaigns and bounties and more. Airdrops are only a small level above faucets at this point in time (they're both bad uses of your time), and they're also far less profitable to participate in than they were back when the great 2017 bull run was happening, as less money's invested into newer coins overall now.

It's not worth it. Most airdrops are just a means of collecting your personal data and contact information to be sold for profit in email lists or similar. At most, you might gain a handful of cents or a buck or two. Bounty campaigns are hardly much better. The vast majority fail to ever make it to an exchange, and of the ones that do, the vast majority of them are similarly worth a few bucks at best. The chances of making serious money on airdrops or bounties is minuscule.

A much faster and more reliable way to earn cryptocurrency is to get a regular job, and either be paid in bitcoin or use your fiat earnings to buy bitcoin. You also have the added bonus of not being hated by all your friends and family for spamming their social media with ads for trash coins, and not being hated on the forum for spamming your signature with one liners.

There  is no clear meaning in your paragraph. Simply because there is no conjunction between the sentence before the word "but" and the sentence after.
Always keep in mind that: The integration of the word "but" is to coordinate sentences or words in the same clause. But, this have to be in the proper context. And there is no proper context between "false hopes made by newbies who join airdrops/bounties" and "patience in the crypto world".

I do agree that earning cryptocurrencies for free (without investment) can be done, but it's really time consuming and depends on a lot of efforts and time available. As a result, i would not recommend anybody to try earn cryptocurrencies for free; cryptocurrencies are playing the same role of money, and there is no free money, AFAIK.

About "patience" in crypto, it's another different subject, mainly related to traders and holders.

Airdrops and bounties are still the easiest way to earn cryptocurrencies but that doesn't make it a get rich scheme, what happens to most newbies is that they partake in different airdrops and bounties without making research about the project thereby partaking in scam airdrops and bounties whereas some have a site or social media channel/page that does the research about the project but the newbies dump it immediately it gets listed.

Most of newbies always do Airdrops before they know about bounty and more legit way.
Like me, before i learn in Bounty, i always follow any airdrops from users who send me refferal link.
I think a old airdrops player is always find newbie users to join in there reff link.

Starting with airdrop gives most newbie false hopes because most people that are new to crypto universe are mostly here for a get rich quick scheme and when they do little task like follow a twitter page or like a Facebook they mostly dont get the reward they are hoping for which after a while they get tired and start saying bad things about crypto..... but what most don't understand is Patience is key in the crypto world and it takes a whole lot of time to get the basics