U like [btc]? U have to use a faucet. - page 2.

cpfreeplz

legendary

Activity: 966

Merit: 1042

Quote from: poptok1 on October 19, 2016, 08:02:27 AM

If you like BTC you have to use at least one faucet. EDB3 :o3

Imagine when all of a sudden, all of us stopped using faucets, how the market cap would shrink along with the bitcoin price? I would say, a lot. I have no specific data ( if any ) on how much cap is consumed by micro-earnings, only speculations tell me that it can be more than 20%.
In order to keep BTC demand at current rate, any one should use some
form of micro-online-earning systems, so that faucet owners can keep buying more, resulting in steady/constant demand growth.

100% pure garbage. There's no money in faucets and everyone with half a brain has figured that out. It's great to get a few Satoshis when you're a newbie but if anyone is trying to earn a decent amount from faucets they're just wasting hours to earn pennies. No. 20% of the market cap is not coming from faucets.

asriloni

legendary

Activity: 3038

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Leading Crypto Sports Betting & Casino Platform

Faucet's is a small part of the bitcoin and that is will not consuming over than 2% of the total market cap and why because too many faucet are get a die caused by can't making their capital for running their faucet. I just assuming the top 10 of the bitcoin faucet and every of them are not having more than 50 btc in their hand and I could assuming if the 50 btc are very larger for the small task like a faucet.

Doms

hero member

Activity: 714

Merit: 500

I think faucets do serve a purpose, especially for those newbies trying to figure out how to earn a little amount of bitcoin. I have to admit that the first earning I had came from a faucet by solving captchas, although most other faucets aren't really worth the time for those who have better things to do.

mrcash02

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CryptoTalk.Org - Get Paid for every Post!

Quote from: poptok1 on October 19, 2016, 08:02:27 AM

If you like BTC you have to use at least one faucet. EDB3 :o3

Imagine when all of a sudden, all of us stopped using faucets, how the market cap would shrink along with the bitcoin price? I would say, a lot. I have no specific data ( if any ) on how much cap is consumed by micro-earnings, only speculations tell me that it can be more than 20%.
In order to keep BTC demand at current rate, any one should use some
form of micro-online-earning systems, so that faucet owners can keep buying more, resulting in steady/constant demand growth.

I don't know if the makes much sense... The faucet earnings are very low these days... People aren't making much money with that. I don't know if faucet users have power to influency market cap. Maybe a bit...

I'm always using faucets, low profit, but let's help the faucet owners and earn some satoshis with it.

Indrawan77

hero member

Activity: 1274

Merit: 516

I like your idea, however i don't think many advance bitcoin user liked your idea because 1 month faucet earning can be earned through 2 or 3 post from signature campaign, there are still a lot of user use faucets especially the newbie in bitcoin world, so don't worry faucet is going to extinct

borgesx

newbie

Activity: 4

Merit: 0

I met this new world of cryptocurrency dem few months, and for some I faucets on the Internet and smartphone.
I have a list I update almost daily separating the faucets that pay more, who are not paying, finally in 40 days could join 0.09580104. And I'm creating a faucet if they want to take a look to stay http://www.lorenabit.16mb.com/ will

mastica

hero member

Activity: 938

Merit: 500

I really doubt the faucet owners do buy bitcoin directly, just the big paying faucets have to do such with their adsense earnings, the most faucets do use networks that pays in bitcoins, soo they just balance the income and the payments doing such. The faucets marketplace is currently one of the biggest into transactions done, and i do believe into payouts as well, i do believe around 5-10bitcoins are being credited into those people which use them.

samcoin

hero member

Activity: 1358

Merit: 582

Leading Crypto Sports Betting & Casino Platform

Faucets is good earning method for the newbies and new comers to Bitcoin world, I believe that every bitcoiner has used faucet before, but now it is difficult to come back to faucets after we discovered other methods which are much better of claiming faucets, faucets now are waste of time, at least look at your signature and think how much time you need to earn an equal amount of Bitcoin to the amount you get by posting this post.

isen

sr. member

Activity: 854

Merit: 250

I like the whole faucet concept and I am still using some of them because I've build and big referral list that gives me a nice passive income every month,it will not make me rich of course but as long as it is passive it is more than welcome.
But let's be honest faucets may be important for newbies but if they all disappear tomorrow the impact on Bitcoin ecosystem will be insignificant.

calkob

hero member

Activity: 1106

Merit: 521

Faucets are good for people new to bitcoin but a serious bitcoin user has not got time to mess about with such crap earnings, and actually they end up putting your fees up eventually when you use coin from a faucet.

lite

legendary

Activity: 1400

Merit: 1009

Quote from: poptok1 on October 19, 2016, 08:02:27 AM

If you like BTC you have to use at least one faucet.

Imagine when all of a sudden, all of us stopped using faucets, how the market cap would shrink along with the bitcoin price? I would say, a lot. I have no specific data ( if any ) on how much cap is consumed by micro-earnings, only speculations tell me that it can be more than 20%.
In order to keep BTC demand at current rate, any one should use some
form of micro-online-earning systems, so that faucet owners can keep buying more, resulting in steady/constant demand growth.

I think it wouldn't make a tiny bit of difference to btc's price if faucets sites disappeared, micro earning sites do help newbies to get started with bitcoin but they don't power 20% of market cap.

Aamir1

hero member

Activity: 756

Merit: 500

Quote from: poptok1 on October 19, 2016, 08:02:27 AM

If you like BTC you have to use at least one faucet.

Imagine when all of a sudden, all of us stopped using faucets, how the market cap would shrink along with the bitcoin price? I would say, a lot. I have no specific data ( if any ) on how much cap is consumed by micro-earnings, only speculations tell me that it can be more than 20%.
In order to keep BTC demand at current rate, any one should use some
form of micro-online-earning systems, so that faucet owners can keep buying more, resulting in steady/constant demand growth.

The marketcap consumed by micro-earnings or faucets which is 20% or whatever will probably add up to some other thing if people stop using them or they disappear as the demand of bitcoin is already a lot in the community and none of them are willing to choose micro-earnings to fulfill their demands.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Faucets might be a small part of the entire bitcoin market but still it is a part of it somehow. I agree on the part that one way or another we 'have' to use faucets and that thing or instance is only for us to 'experience' how everything works around bitcoins, nothing more. We don't or we won't even see a few mBTC in our wallets by using only faucets and even if you have thousands of those, I guarantee you, you will just waste your time. Also, even if all of the faucets closed abruptly, it wouldn't even make a dent on the whole marketcap. It's like a single grain of salt removed in a whole salt factory.

raphma

sr. member

Activity: 350

Merit: 250

chill guys, faucet is needed for bitcoin world.
like it or not, most of the new users comes from a faucet, the idea of making easy money on internet always worked as a good advertising for bitcoin.

is true? is it easy money? of course not.. you will need to work A LOT to achieve a significant amount(by significant read 0.1 lol) so it isnt good to earn bitcoin, but still good advertising for bitcoin.

btcdevil

legendary

Activity: 1302

Merit: 1027

Quote from: BitcoinHodler on October 19, 2016, 08:35:50 AM

Quote from: poptok1 on October 19, 2016, 08:02:27 AM

If you like BTC you have to use at least one faucet.

Imagine when all of a sudden, all of us stopped using faucets, how the market cap would shrink along with the bitcoin price? I would say, a lot. I have no specific data ( if any ) on how much cap is consumed by micro-earnings, only speculations tell me that it can be more than 20%.
In order to keep BTC demand at current rate, any one should use some
form of micro-online-earning systems, so that faucet owners can keep buying more, resulting in steady/constant demand growth.

i would have expected such a ridiculously wrong topic from a newbie member but not from a Sr. Member after 10 months of using bitcoin!!!

the earning from faucets is too small that even if every single faucet stopped working today nothing would have changed in the world.

the market ca is 15,929,964 BTC by the time of writing this and daily trade volume is 107,378BTC
and more importantly the estimated transaction volume was 294,468.5BTC now do you honestly think the tiny amounts that faucets are dealing with which is not even 0.1BTC per month can be compared to 294K bitcoin?!!!

- all data was retrieved from coinmarketcap and blockchain.info

edit (ps) 20% of this amount is 58,893.6BTC which faucet owners combined can no even see in their dreams Grin

I totally agree with you that a Sr.Member is asking this type of question, by this we come to know that all Sr.Memer are not fully technically knolwedged about bitcoin and its functions. This is because their are so many users who are buying the high accounts to join Signature campaign.

You are telling about 20% but i tell that even 2% of the share is no even seen in their dreams by the faucet owner.

Faucet is just for time pass not the main stream of income.

wintermeasures

sr. member

Activity: 322

Merit: 250

Quote from: poptok1 on October 19, 2016, 08:02:27 AM

If you like BTC you have to use at least one faucet.

Imagine when all of a sudden, all of us stopped using faucets, how the market cap would shrink along with the bitcoin price? I would say, a lot. I have no specific data ( if any ) on how much cap is consumed by micro-earnings, only speculations tell me that it can be more than 20%.
In order to keep BTC demand at current rate, any one should use some
form of micro-online-earning systems, so that faucet owners can keep buying more, resulting in steady/constant demand growth.

According to me I Don't think that It Affects the Demand and Supply of Bitcoins and According to me Claiming Bitcoins From a Faucet is Just Wastage of Time.....
On Faucets We Don't Earn Much Bitcoins and I Prefer to Use Signature Campigns For Better Earnings.....

septiumwolf

newbie

Activity: 56

Merit: 0

Quote from: Taki on October 19, 2016, 10:55:39 AM

I gave up about faucets long time ago. Because of one week of daily updating pages and watching it's commercilas bringed me the same money that I make today with couple of comment's. I am for faucets only in the beggining of your registration here on this site, first month you are nobody here and only in a month you get your first rank of newbie and can start to make your coins. So to not waist that first month make at least something with faucets. I don't know any faucet sites that brings really good money, if someone know, please write here Wink

I agree with this guy. I just started in the bitcoin community. I also looked up some faucet that can produce free bitcoin. But the more I use it, the more I think that this is not worth it. I think it will be better for me to invest on my knowledge regarding bitcoin and so on.

As how to make money as the newbie (like me).. I don't know. I'm still looking for efficient way.

Kprawn

legendary

Activity: 1904

Merit: 1074

Quote from: bitdumper on October 19, 2016, 10:32:45 AM

i think the whole topic is nothing but nonsense faucets are made to distribute btc and to get some in return by the website traffic but their constant flow is actully a small cycle or servic which is only helping to spread btc thats all none of the market cap will effeft with this tiny stuff

Really? I have to say... I beg to differ. Freebitco.in have 3,218,256. Registered Users { Ok, Most might be duplicates or idle } but it's still

a lot of people using some kind of Bitcoin based system. To top that, this faucet have paid out 68 293 bitcoins since it started a few

years ago. This is only one faucet.... { well one of the biggest } but you get the idea. There are currently 1 000's of other faucets, paying

millions of Satoshi's every day, to people all over the world. Do not underestimate the amount of money going through these faucets

daily. Roll Eyes

Taki

hero member

Activity: 1078

Merit: 514

I gave up about faucets long time ago. Because of one week of daily updating pages and watching it's commercilas bringed me the same money that I make today with couple of comment's. I am for faucets only in the beggining of your registration here on this site, first month you are nobody here and only in a month you get your first rank of newbie and can start to make your coins. So to not waist that first month make at least something with faucets. I don't know any faucet sites that brings really good money, if someone know, please write here Wink

Junko

legendary

Activity: 1512

Merit: 1000

Faucets have a place, but the survival of bitcoin is in no way dependent on faucets.

Topic: U like [btc]? U have to use a faucet. - page 2. (Read 1784 times)