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Topic: Just a friendly advice for the new guys - page 4. (Read 5592 times)

legendary
Activity: 1610
Merit: 1000
Well hello there!
January 14, 2015, 04:37:12 PM
#22
Excellent OP.

*And for you new investors, you can see bitcoin is highly volatile (to say the least) so as always, only invest what you can afford to lose!  And please, if you do hold BTC, don't give somebody else control over them.
legendary
Activity: 2226
Merit: 1052
January 14, 2015, 03:42:53 PM
#21
Try using www.CoinLearn.org and refer it to newbies... its a great place to learn & earn.
hero member
Activity: 630
Merit: 500
January 14, 2015, 02:59:08 PM
#20
Yeah I really wouldn't bother using faucets if you intend to get some 'free' money, spending hours earning fractions of a dollar is a complete waste of time and energy. They're great for learning how bitcoin works but not much else Wink
legendary
Activity: 3472
Merit: 10611
January 14, 2015, 06:34:07 AM
#19
~~
So here's the advice, when you first come here and read all about them faucets, don't get your hopes up (like I did) thinking you will make something out of it.
~~
all i can say is :
use a calculator, its an easy math  (XXX satoshi per hour * XX hour a day * X days)* BTC price
then deduct that from how much your time is worth
and you'll get how much you can profit fromit!
sr. member
Activity: 756
Merit: 250
Infleum
January 12, 2015, 04:40:38 PM
#18
Very well said... It's very true that when you make them, and try to spend them, you see that they ain't worth a dime based on some very small faucet earnings and go back empty-handed... They should learn to invest instead or to gain them by doing jobs for it like writing, translating, photography, microjobs, etc...

Invest? In BTC? With what's been going on with it's price I don't think it's a good idea. If bitcoin keeps losing value that fast nobody will want to get their salary in it.
legendary
Activity: 1596
Merit: 1005
★Nitrogensports.eu★
January 12, 2015, 04:12:14 PM
#17
I have said many times that there are only 2 types of Bitcoin faucets:
1. Bad Faucets
2. Worse Faucets

There are no good faucets.
All faucets pay you just pennies for filling out CAPTCHAS. The amount of time you spend doing that is not worth it. Even if you do some laborious day job that pays you minimum wage, you will earn more in your real job than those faucets.

This is exactly the best and the most accurate description of faucets I have seen ever. People do not realise that they are in fact being used by faucets providers and are working as cheap laborers for them.
sr. member
Activity: 318
Merit: 260
January 12, 2015, 02:46:46 PM
#16
These people who launch these sites are exploiting the fact most people don't know and don't bother to learn BTC units and place value..

Watch me pay these stupid people $0.03 a month to do $20+ worth of work..

It's no different than people who use tenths of a cent and pay people $5.00 a month to do daily work hours in duration.. ex: 0.001 per ad view or other action..
sgk
legendary
Activity: 1470
Merit: 1002
!! HODL !!
January 12, 2015, 07:27:15 AM
#15
I assume that, when all of us first heard of bitcoins and started reading about it, all of us made our first few satoshis on some faucet like freebitco.in or any other, and everything was like "I'm gonna make so much bitcoins with this!". But when you use if for some time and get a little bit more into bitcoin, you'll see that that amount you've collected over a week or so, is barely worth a penny.
So here's the advice, when you first come here and read all about them faucets, don't get your hopes up (like I did) thinking you will make something out of it. Owners of those faucets are the only ones who will profit. Faucets are there just in the beginning to help you see what it's like to receive, own, send bitcoins and how to use your wallet.

Use the faucets, see how it feels to have bitcoins but don't expect anything more than that.

Well said.

I have said many times that there are only 2 types of Bitcoin faucets:
1. Bad Faucets
2. Worse Faucets

There are no good faucets.
All faucets pay you just pennies for filling out CAPTCHAS. The amount of time you spend doing that is not worth it. Even if you do some laborious day job that pays you minimum wage, you will earn more in your real job than those faucets.
sr. member
Activity: 318
Merit: 260
January 11, 2015, 01:39:44 AM
#14
I've driven this point in to the ground..

PASSIVE INCOME.. WORK FROM HOME!!!! 10,000 SATOSHI A MONTH WITH A CHANCE AT THE JACKPOT OF 30,000 SATOSHI!!!

By the way this is 99.99% of the BTC game and faucet sites.. One that pays even $0.10/36,257 on a good month run simply doesn't exist.. This is almost as annoying as the SEO miracle systems that pop up every few months..
legendary
Activity: 2800
Merit: 1127
January 10, 2015, 10:56:25 PM
#13
I assume that, when all of us first heard of bitcoins and started reading about it, all of us made our first few satoshis on some faucet like freebitco.in or any other, and everything was like "I'm gonna make so much bitcoins with this!". But when you use if for some time and get a little bit more into bitcoin, you'll see that that amount you've collected over a week or so, is barely worth a penny.
So here's the advice, when you first come here and read all about them faucets, don't get your hopes up (like I did) thinking you will make something out of it. Owners of those faucets are the only ones who will profit. Faucets are there just in the beginning to help you see what it's like to receive, own, send bitcoins and how to use your wallet.

Use the faucets, see how it feels to have bitcoins but don't expect anything more than that.

Not even faucet owners make big profits. There are faucet owners around complaining that they can't get much with them and shutting them down. Only the big ones give reasonable returns.

If it is just to know how things works I think others coins like Doge are better because takes less time to get some transferable amount and all works more or less like BTC
sr. member
Activity: 252
Merit: 250
January 10, 2015, 10:52:36 PM
#12
I assume that, when all of us first heard of bitcoins and started reading about it, all of us made our first few satoshis on some faucet like freebitco.in or any other, and everything was like "I'm gonna make so much bitcoins with this!". But when you use if for some time and get a little bit more into bitcoin, you'll see that that amount you've collected over a week or so, is barely worth a penny.
So here's the advice, when you first come here and read all about them faucets, don't get your hopes up (like I did) thinking you will make something out of it. Owners of those faucets are the only ones who will profit. Faucets are there just in the beginning to help you see what it's like to receive, own, send bitcoins and how to use your wallet.

Use the faucets, see how it feels to have bitcoins but don't expect anything more than that.

its impossible to make a solid 1 bitcoin off those faucets

yea agree make 1 btc from faucet its very hard Sad
full member
Activity: 238
Merit: 100
January 10, 2015, 10:24:09 PM
#11
yeah sig campaigns are really the best way to get some bitcoin. besides having a job and buying it with fiat
yes agree with you signature campaign is the best way toe arn bitcoin BTC  Cool
newbie
Activity: 13
Merit: 0
January 10, 2015, 10:13:57 PM
#10
I assume that, when all of us first heard of bitcoins and started reading about it, all of us made our first few satoshis on some faucet like freebitco.in or any other, and everything was like "I'm gonna make so much bitcoins with this!". But when you use if for some time and get a little bit more into bitcoin, you'll see that that amount you've collected over a week or so, is barely worth a penny.
So here's the advice, when you first come here and read all about them faucets, don't get your hopes up (like I did) thinking you will make something out of it. Owners of those faucets are the only ones who will profit. Faucets are there just in the beginning to help you see what it's like to receive, own, send bitcoins and how to use your wallet.

Use the faucets, see how it feels to have bitcoins but don't expect anything more than that.

its impossible to make a solid 1 bitcoin off those faucets
Q7
sr. member
Activity: 448
Merit: 250
January 10, 2015, 09:49:58 PM
#9
To newbies, once you realize that you can earn much more from other means with the same amount of time, eventually you will give up faucet. I started everything from faucet, people that I personally know also begin their journey from there but one advice is that once you get the hang out of it, think of other more productive methods to make bitcoin. There are a lot more that you will ever find out.
member
Activity: 98
Merit: 10
January 10, 2015, 06:21:42 PM
#8
yeah sig campaigns are really the best way to get some bitcoin. besides having a job and buying it with fiat
legendary
Activity: 3234
Merit: 1654
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
January 10, 2015, 02:02:31 PM
#7
Its pretty hard to get people to stay active being your referral. I had about 20 people under me with freebitco.in and they all one day slowly just not caring anymore, even when I put good incentives like a raffle time setup.

I had about .1 btc to give out every month, but never really fell through. That and people are just really lazy..

Yeah right its preety hard to get ACTIVE when the site gets aged. But you can make refs if the site is newly launched and with nice designs. Simply advertise it on ptc site im sure you will get lots of ACTIVE refs.
legendary
Activity: 1456
Merit: 1002
January 10, 2015, 01:41:46 PM
#6
Its pretty hard to get people to stay active being your referral. I had about 20 people under me with freebitco.in and they all one day slowly just not caring anymore, even when I put good incentives like a raffle time setup.

I had about .1 btc to give out every month, but never really fell through. That and people are just really lazy..
hero member
Activity: 686
Merit: 500
fb.com/Bitky.shop | Bitcoin Merch!Premium Quality!
January 10, 2015, 01:35:51 PM
#5
I assume that, when all of us first heard of bitcoins and started reading about it, all of us made our first few satoshis on some faucet like freebitco.in or any other, and everything was like "I'm gonna make so much bitcoins with this!". But when you use if for some time and get a little bit more into bitcoin, you'll see that that amount you've collected over a week or so, is barely worth a penny.
So here's the advice, when you first come here and read all about them faucets, don't get your hopes up (like I did) thinking you will make something out of it. Owners of those faucets are the only ones who will profit. Faucets are there just in the beginning to help you see what it's like to receive, own, send bitcoins and how to use your wallet.

Use the faucets, see how it feels to have bitcoins but don't expect anything more than that.

This is what I do when I know bitcoin, yeah faucet is worth a penny and wasting time, after I earn some penny from  faucet I invest to cm and now I know most all of cm is ponziii Undecided

There are two kinds of people who actually make money on faucets.  The biggest is the faucer owner, he's making money on every single person.  Second is the referral magicians that some how get a lot of people to use their referral. (There are not many of the referrals that make good money.)   It's pretty much the owner.

The only thing I was surprised on is signature campaigns.  If you are a decent rank you can make more with it then you would using a faucet all month long.  I wish I would have done signature campaigns long ago but i started only in Sr. Member status doing it.

Yes you right, if I have a lot of reff is useless if they not active.

Sig campaign is my field for earn bitcoin now its so fun and not waste time Smiley
legendary
Activity: 1456
Merit: 1000
January 10, 2015, 12:57:47 PM
#4
I assume that, when all of us first heard of bitcoins and started reading about it, all of us made our first few satoshis on some faucet like freebitco.in or any other, and everything was like "I'm gonna make so much bitcoins with this!". But when you use if for some time and get a little bit more into bitcoin, you'll see that that amount you've collected over a week or so, is barely worth a penny.
So here's the advice, when you first come here and read all about them faucets, don't get your hopes up (like I did) thinking you will make something out of it. Owners of those faucets are the only ones who will profit. Faucets are there just in the beginning to help you see what it's like to receive, own, send bitcoins and how to use your wallet.

Use the faucets, see how it feels to have bitcoins but don't expect anything more than that.

This is what I do when I know bitcoin, yeah faucet is worth a penny and wasting time, after I earn some penny from  faucet I invest to cm and now I know most all of cm is ponziii Undecided

There are two kinds of people who actually make money on faucets.  The biggest is the faucer owner, he's making money on every single person.  Second is the referral magicians that some how get a lot of people to use their referral. (There are not many of the referrals that make good money.)   It's pretty much the owner.

The only thing I was surprised on is signature campaigns.  If you are a decent rank you can make more with it then you would using a faucet all month long.  I wish I would have done signature campaigns long ago but i started only in Sr. Member status doing it.
hero member
Activity: 686
Merit: 500
fb.com/Bitky.shop | Bitcoin Merch!Premium Quality!
January 10, 2015, 12:36:28 PM
#3
I assume that, when all of us first heard of bitcoins and started reading about it, all of us made our first few satoshis on some faucet like freebitco.in or any other, and everything was like "I'm gonna make so much bitcoins with this!". But when you use if for some time and get a little bit more into bitcoin, you'll see that that amount you've collected over a week or so, is barely worth a penny.
So here's the advice, when you first come here and read all about them faucets, don't get your hopes up (like I did) thinking you will make something out of it. Owners of those faucets are the only ones who will profit. Faucets are there just in the beginning to help you see what it's like to receive, own, send bitcoins and how to use your wallet.

Use the faucets, see how it feels to have bitcoins but don't expect anything more than that.

This is what I do when I know bitcoin, yeah faucet is worth a penny and wasting time, after I earn some penny from  faucet I invest to cm and now I know most all of cm is ponziii Undecided
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