In 2015, faucets are bad for bitcoin - page 9.

RealBitcoin

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Quote from: 1K on November 23, 2015, 11:43:08 AM

Everyone did? I didn't nor did anyone I know who got into bitcoin. Most people are smart enough to know that even faucets are a waste of time or they soon realize it, though I'm not disputing they don't get people involved with bitcoin or get them their first coins which is still a good thing.

I knew that they would not pay me out, but I tried by promoting my referral links.

It worked for a while but its still minuscule profits, althought I have seen guys that make 0.05/day from affiliates on autopilot.

Of course we dont know how much they spent on advertising, so they could be in minus. But its doable if you have money and patience to invest.

1K

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Quote from: RealBitcoin on November 22, 2015, 02:20:50 PM

Quote from: ThunderThomas on November 22, 2015, 08:23:10 AM

That's true, I used started out by using faucets. It's great way to start with Bitcoin and learning more about it along the way.

I started out with faucets too, everyone did.

It was a big waste of time, but alteast I learned how to use bitcoin, and how to not waste time on useless work.

I dont see why it should be banned, it is still good for entertainment if you like to waste your time.

Everyone did? I didn't nor did anyone I know who got into bitcoin. Most people are smart enough to know that even faucets are a waste of time or they soon realize it, though I'm not disputing they don't get people involved with bitcoin or get them their first coins which is still a good thing.

wiser

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Two really good faucets are MoonBitcoin and Bitcoinker. I don't mess with most of the other ones, but those two can add up fairly quickly to enough BTC to buy your favorite cheap altcoin that you think will go to the moon in the future

wiser

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Faucets are great if you need a little BTC to buy new cheap altcoins you believe will substantially increase in value later, or altcoins that mint. It's probably not worth it just for the Bitcoin, but to trade into alcoins, if you hit up the right faucets (the higher paying ones), you can buy quite a few of certain types of altcoins with the earnings.

RealBitcoin

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Quote from: 1Referee on November 22, 2015, 06:56:42 PM

I didn't start with faucets. I bought my first Bitcoins in very early 2013. I have for fun tested some faucets in 2014 to try to get as much as possible for my efforts. It was a waste of time. Nearly 2 days of fully trying to get as many satoshi's as possible, just made me $0.28!!

The weird thing is that most people consider it a waste of time, but still these faucets attract huge loads of visitors every day.

That's why I`m pro faucets, but i just personally dont like them, that doesnt mean that they are not useful for others.

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Quote from: RealBitcoin on November 22, 2015, 02:20:50 PM

Quote from: ThunderThomas on November 22, 2015, 08:23:10 AM

That's true, I used started out by using faucets. It's great way to start with Bitcoin and learning more about it along the way.

I started out with faucets too, everyone did.

It was a big waste of time, but alteast I learned how to use bitcoin, and how to not waste time on useless work.

I dont see why it should be banned, it is still good for entertainment if you like to waste your time.

I didn't start with faucets. I bought my first Bitcoins in very early 2013. I have for fun tested some faucets in 2014 to try to get as much as possible for my efforts. It was a waste of time. Nearly 2 days of fully trying to get as many satoshi's as possible, just made me $0.28!!

The weird thing is that most people consider it a waste of time, but still these faucets attract huge loads of visitors every day.

megatron1337

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i started getting into bitcoins thanks to faucets.When i started searching about how to get bitcoin,the first thing i learned was to start with faucets. I am now mining and also buying small amounts of bitcoins.

krumblez

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Chickens will rule the world one day.

Faucets are a cool way for noobs to get into crypto and the best way to make a little bts is from referrals, I have a bitcoin faucets rotator in my profile, it pays a little regularly, and the best thing it, other ppl do the work and I don't have too.

onlinepro

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Actually doing faucet is a lot work considering how much you get paid for it.
And there is also faucets that pay dollar to your paypall account...

RealBitcoin

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Quote from: ThunderThomas on November 22, 2015, 08:23:10 AM

That's true, I used started out by using faucets. It's great way to start with Bitcoin and learning more about it along the way.

I started out with faucets too, everyone did.

It was a big waste of time, but alteast I learned how to use bitcoin, and how to not waste time on useless work.

I dont see why it should be banned, it is still good for entertainment if you like to waste your time.

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Quote from: aso118 on November 22, 2015, 08:20:55 AM

Quote from: syndria on November 22, 2015, 02:51:47 AM

Precisely most of people here started with faucet, at first time of dealing with faucet i thought i can earn some money there but after a long run i realized that i was wrong but the good part faucets abducted me to enter the world of bitcoin. In simpliest faucets are like promotions the same in gambling in the field of casinos thay are giving out some mbtc just to let users to try out their services.

Yup, most people start with faucets, graduate to signature campaigns, and then finally start treating bitcoins as money.
As long as it increases adoption, I think they are a help to Bitcoin.

That's true, I used started out by using faucets. It's great way to start with Bitcoin and learning more about it along the way.

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Quote from: syndria on November 22, 2015, 02:51:47 AM

Precisely most of people here started with faucet, at first time of dealing with faucet i thought i can earn some money there but after a long run i realized that i was wrong but the good part faucets abducted me to enter the world of bitcoin. In simpliest faucets are like promotions the same in gambling in the field of casinos thay are giving out some mbtc just to let users to try out their services.

Yup, most people start with faucets, graduate to signature campaigns, and then finally start treating bitcoins as money.
As long as it increases adoption, I think they are a help to Bitcoin.

HardForkComing

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I don't mean to offend you, OP, but that's bullshit.

Faucets are a great way to get people into bitcoin. They learn a lot, even they get dust from faucets.

I know many people who started with 0 btc, then went to the faucets first, and then bought BTC.

I agree with all this abuse faucet owners do to 3rd world country people with having them to click on ads, etc, but some of them make more money with faucets per day, than they could make with a job in their country.

This is just my personal opinion although, I could be wrong.

syndria

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Precisely most of people here started with faucet, at first time of dealing with faucet i thought i can earn some money there but after a long run i realized that i was wrong but the good part faucets abducted me to enter the world of bitcoin. In simpliest faucets are like promotions the same in gambling in the field of casinos thay are giving out some mbtc just to let users to try out their services.

CasioK

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Quote from: Kevin77 on November 22, 2015, 02:44:01 AM

Quote from: lixer on November 22, 2015, 02:38:47 AM

Quote from: acroman08 on November 21, 2015, 11:40:42 PM

Quote from: PAKYU on November 21, 2015, 12:49:42 PM

Quote from: yenxz on November 21, 2015, 12:02:02 PM

I agree,it because bitcoiner not use faucet anymore..i found this on many social media group

No i think some people still use faucet as their first impression to know and own bitcoin freely.

yeah i still use faucets. i got my first mbtc through faucets which gave me motivation
to do it more seriously which led to earn my first btc. faucets has been a big help to btc.

Like you many people are still continuing their faucet working just considering it's a free money over time. I too we believe those little satoshi from faucets will worth some big dollars in future. So, keeping faucet earning is not a bad idea even after we have big amount of bitcoins.

Yes if you believe in bitcoin it would worth some millions in future, then collecting small amount of Satoshi from faucets as time pass also a good idea. I had quit faucet earning after several months of hard working I could not reach even 100 mBTC. Out of frustration I quit faucet earning. Faucets are good only on leisure time.

Faucets are not meant for earning big amounts of bitcoins.
They are here only for the new bitcoiners to understand how the bitcoin ecosystem works.
If you want to see some bitcoins in your wallet then you can use faucets to get as early as possible to see some bitcoin in your wallet. Faucet best suits for newbies.

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Quote from: lixer on November 22, 2015, 02:38:47 AM

Quote from: acroman08 on November 21, 2015, 11:40:42 PM

Quote from: PAKYU on November 21, 2015, 12:49:42 PM

Quote from: yenxz on November 21, 2015, 12:02:02 PM

I agree,it because bitcoiner not use faucet anymore..i found this on many social media group

No i think some people still use faucet as their first impression to know and own bitcoin freely.

yeah i still use faucets. i got my first mbtc through faucets which gave me motivation
to do it more seriously which led to earn my first btc. faucets has been a big help to btc.

Like you many people are still continuing their faucet working just considering it's a free money over time. I too we believe those little satoshi from faucets will worth some big dollars in future. So, keeping faucet earning is not a bad idea even after we have big amount of bitcoins.

Yes if you believe in bitcoin it would worth some millions in future, then collecting small amount of Satoshi from faucets as time pass also a good idea. I had quit faucet earning after several months of hard working I could not reach even 100 mBTC. Out of frustration I quit faucet earning. Faucets are good only on leisure time.

lixer

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Quote from: acroman08 on November 21, 2015, 11:40:42 PM

Quote from: PAKYU on November 21, 2015, 12:49:42 PM

Quote from: yenxz on November 21, 2015, 12:02:02 PM

I agree,it because bitcoiner not use faucet anymore..i found this on many social media group

No i think some people still use faucet as their first impression to know and own bitcoin freely.

yeah i still use faucets. i got my first mbtc through faucets which gave me motivation
to do it more seriously which led to earn my first btc. faucets has been a big help to btc.

Like you many people are still continuing their faucet working just considering it's a free money over time. I too we believe those little satoshi from faucets will worth some big dollars in future. So, keeping faucet earning is not a bad idea even after we have big amount of bitcoins.

ranlo

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Quote from: acroman08 on November 21, 2015, 11:57:33 AM

Quote from: Amph on November 03, 2015, 03:37:20 AM

Quote from: yurinov on November 03, 2015, 03:24:32 AM

i think you are right, making people think bitcoin is a get rich quick thing is not a good idea. remove faucets.

they think the same for every other money system, even fiat, it's eradicate in the human nature, it'0s not faucets fault, at all, they help newbie actually

i see them as a low reward form of mining, with almost zero electrcity, it can be in the future a good way to spread bitcoin, when even a few satoshi will have a huge value

agreed! i think that is one of the purpose of faucets its like an advertisement letting people know what btc is and you can earn money with it.
faucets have a big help advertising bitcoin all this years.

This thought is so common, but it's completely naive. Bitcoin is money. Of course you can earn money with it. Guess how else you can earn money (and in the SAME WAYS)? Money. Fiat. Cash. People need to quit this idea that Bitcoin magically allows you to make a living where you otherwise couldn't. If you can make money with Bitcoin, you can make it by doing the same things for cash. Bitcoin isn't a get-rich scheme. It's a medium of transfer. Nothing more, nothing less.

Shinpako09

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Hmmmm I dont think so because most of newbies faucet is their first and only way to earn bitcoin. I think faucet still has a contribution in making bitcoin popular. Who else here didin't use faucet since the first time they discovered bitcoin.

acroman08

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Quote from: PAKYU on November 21, 2015, 12:49:42 PM

Quote from: yenxz on November 21, 2015, 12:02:02 PM

I agree,it because bitcoiner not use faucet anymore..i found this on many social media group

No i think some people still use faucet as their first impression to know and own bitcoin freely.

yeah i still use faucets. i got my first mbtc through faucets which gave me motivation
to do it more seriously which led to earn my first btc. faucets has been a big help to btc.

Topic: In 2015, faucets are bad for bitcoin - page 9. (Read 25980 times)