Topic: Newbie Question: Growing small amount of BTC? (Read 5882 times)

I think it is better to earn multiple streams of small amounts that way they all add up and count and if you lose a few ways to make Bitcoin it is not the end of the world since you have the other bits if income. In this regard it is worth it in small amount of bitcoin. But just having one stream of income that is not worth many bitcoins probably is not worth your time .

On the earning thing and skills, my business website is being revamped to accept payment for invoices and services in bitcoin in addition to the usual paypal, e-transfer, etc.  I've been working on that for the past few weeks.  I have one major hiccup to fix, then I can share it with the BTC community as well as the fiat.  After chasing too many people down over the years to get paid, I am also moving to a pre-paid model where people will buy tech support in blocks of time and THEN get support for their problems, rather than being billed after the fact.  Once I'm ready, I'll be promoting.

Global inflation in fiat, we are earning interest here in BTCs, there is a big difference. Our money is becoming more valuable every new day while fiat investments are losing price during the years. It's much better to receive 4% interest annually in BTCs than 4% annually in fiat.

It's a tiny return, but you can withdraw any moment, and it's surely better than let your moeny idle on your wallet without generating any little % of interest.

It's not that you can't earn from faucets, you will earn. But does it worth the time and effort spent on it? Please tell me how many hours have you have wasted?
For what just to earn, what, 3 dollars? You live in Canada so I imagine that even the shittiest of job there gives you $15 or more per hour.
This is some kind of experiment of yours that you want to earn pure BTC and see how it will go? Because if it isn't then stop wasting your time.
If you want to invest in BTC then don't do it with $1 worth of capital. You won't earn much.

You know when i started to work with bitcoin, So in this time, i also stared with a little amount of bitcoin. But with the time, we learn different things like investment, trading and gambling and working on signature campaign. These all are different parts, where you could earn bitcoins. But main thing is that you should have skills to earn the money or bitcoins.  

I would like to share my strategy on how I earned bitcoins using the faucets. I only open five tabs on my PC or my mobile. I just got a day job and I am assigned on the field so I can open my mobile device every now and then. I am just in the crypto world for about a month so if anybody could give me a better strat I would love to hear it.
 
I use the moon faucets on bitcoin, dogecoin and litecoin. I also use the freebit, and freedoge.co faucets. What I like on the freebitco site is their reward point system. I earned about .02BTC in the last month using this strategy.

I deposited about .004BTC on my freebitco to start earning interest. then I claim on the faucets hourly and check my reward points. As you can see there, if you reach 3200 RP you can increase your claims by 1000% for 24 hours. 0.00001700+ is not that big but it is better than 170 satoshis. To reach 3200 RP you either need to gamble a lot or be patient and use the 100 RP/roll and roll more than 12x a day to be on profit. I use the 1000% every weekend, since I am more free to roll and I could stay on the PC for 48 hours(and get short naps every hour). While doing this, I also have an online job so I say faucets for me are not a waste of time since I use the computer and just keep the tabs open. Then, I use the interest I get per day plus the 90% of the faucet claim to multiply using the martingale strategy. When I win about 10,000 satoshis or lose 25% of my balance, I stop. Once I reach 200,000 satoshis on profit I then transfer it to my software wallet. I prefer Exodus since they offer wallets for Bitcoin, Litecoin, Dogecoin and Dash and UI is really good for the newbs.

Oh and also, I have two other mobile apps that give free satoshis linked to my Xapo account and transfer them to my freebit account to add in gaining interest/roll capitals. I already got back my .004 and have about .02 in my freebit account that gains interest. It was up to .03 this morning but I lost because I did not stick to the plan, losing 524k satoshis in one bet.

Hey everyone,

I've been loosely following bitcoin over the past year or so and finally decided to see if I could earn any of my own back in February.  I've read a few recent threads here, and I have to say, contrary to popular opinion, I managed to earn 0.0025+ satoshi only using faucets.  I lost 0.0005+ satoshi due to changing network fees and fumbling around to find a wallet that would accept small deposits (xapo!).  I then lost another 0.001 satoshi getting caught in the bitcity.biz scam.

Needless to say, once bitten, twice shy.  Rumours around the 'net say you have to have a thick skin to engage on this board, not sure if that's true in this particular newbie forum or not, but just saying the rumours I've heard.  I actually thought maybe those rumours could be of some assistance to me.  When scammers are not tolerated, its easier for helpful info to rise to the surface.

I am experimenting to see if it's possible to earn a decent amount of satoshi on my own without affiliates as I am a terrible marketer and most of my friends don't appreciate affiliate systems in general.  So if I can do this on my own, I will be blogging about it and hopefully helping others do the same.

Based on what I was seeing over the past two months, various investment platforms will begin as low as 0.001 investment.  The two that seem to be above board according to some sources are Coin factory and AdmiralBTC.  Would anyone agree, disagree or suggest something more reputable?  At the moment I have the bulk of earned satoshi over at freebitco.in since they began doing the 4.08% annual interest.  Got my first 11 satoshi in interest this morning.

Step one was to prove to myself that one could indeed earn enough satoshi to begin building it.

Step two is to choose the safest, most secure method to do the growing while continuing to earn more satoshi.  I would love as many honest responses as I can get on this one.  I'm not much of a risk taker and I agree with the slogan: invest only what you are prepared to lose.  As I said, I've already lost 0.001 satoshi trying to figure this out.  That's a lot of faucet hours! (first .001 took just over a month, second .001 took exactly two weeks, a few hours here and there each day as I could spare)

Step three is to grow the satoshi via investment and earnings to a level where I can use Xapo's debit card to do things like pay for groceries or buy gas.  Although that brings me to another question:  

Xapo and another wallet both deal only in btc, USD, or in the other wallet's case, also Euro.  Neither deal in CAD, although Xapo does have a CAD wallet that auto-created for me when I created my account.  I live in Canada.  So exchange rates would have to happen at the point of sale rather than at the wallet.  Is there a wallet out there that offers a debit card going from BTC to CAD?

I look forward to hearing some helpful advice.  You never know, I might just cite you in my blogging about this adventure.

5 years. So 5x 4 = 20% 100% in 25 years ? Are you serious ? Global Inflation is 5% or something so that 4% doesn't even keep the value constant. Risking something that will take 25 years to replace ? No thanks. That risk is ridiculous for such a tiny return.

What exactly don't you trust? Let's talk about it publicly!



There's risk to driving a car each day too, but that doesn't keep most of us from doing it.

Every currency and investment system in the history of the world has required a significant amount of trust. We depend on your trust and we believe that the work FreeBitco.in has done in this community over the last 5+ years has earned that trust!

What exactly don't you trust? Let's talk about it publicly!

I doubt about Freebitco.in investment actually, they are starting from faucet gambling site and now offering an investment opportunity, I understand that the site got a good reputation, but I still not really trust it

There is always some risk, it's inevitable on the internet...

Legit investment does exist, but the profit so little and not always you can gain profit, investing in a reputable casino is the best investment, but even I invest in the casino I also have trouble to gain profit, it is so hard to find legit investment with decent profit, there are so many scammed site nowadays, my suggestion is to do trading instead, at least in trading you can control your own money

I doubt about Freebitco.in investment actually, they are starting from faucet gambling site and now offering an investment opportunity, I understand that the site got a good reputation, but I still not really trust it

The best thing you can do is go invest your bitcoin in a legit site