Topic: Why Newbies should stay away from Faucets (Read 1076 times)

Totally agree. Faucets are not worthless. Specially when there is no other job you can do.

Looking at some of the faucet earnings posted here... I can only suggest you're using the wrong strategy.

It is possible to earn a few dollars a week from faucets - I've done it and then seen that bitcoin go up in value quite dramatically. Also, you need to consider referrals as well which can greatly increase your earnings potential.

It's fair that faucets only pay tiny amounts but why should they be banned as one poster suggested? A) It's completely optional as to whether you visit them or not and B) It's free money!

You can watch TV and earn while learning about cryptocurrency for no outlay or risk whatsoever. I don't see any problem with this.

Im glad to read this information about faucets. Poor people who don't know about this, they are working hard for the others own interest. Faucets should not be allowed.

8 faucets means a lot?

If you use a site like http://CryptoNinja.co you can actually claim from a lot of faicets in one day.

Well said strugmo.

maybe it can be a waste of time try playing faucet games i thinkk they pay enough

http://www.coinsteacher.com/2017/11/top-8-free-bitcoin-earning-games.html

In this entire thread I have not seen one reason why newbies should stay away from faucets.

I have heard people make the claim that it is a waste of time.
That a person can't make enough for it to be effective.
That a person is somehow getting tricked or ripped off.

I call bullshit.

I believe that newbies can use faucets to get an understanding of coins and how the system works, but it's more than that.  Not all countries have a great standard of living. $1.00 has a lot more buying power in New Delhi than it has in New York.  So faucets help to provide a broad and level playing field for new users, whether they are investors with pockets full of fiat money or they are dead broke and need a side hustle.

The fact that a person with no Bitcoin can start today with no investment is, in today's world, a bit of a miracle.  I myself have NEVER purchased any coin with fiat currency.  Everything I have, which is considerable and spread across a wide variety of coins and wallets and sites, I earned or generated online.  That began with faucets and other small sites. 

You think that your ICOs and big investments and such ARE Bitcoin, but I say the lowly faucet represents everything that Bitcoin is about.  Anyone can use a faucet and earn satoshi. There is a fair exchange of value (time and effort for satoshi).  The more effort you put in, the more you make.  Historically, value on held coins goes up over time, so each faucet claim isn't just x satoshi, it's a future value investment.

I think you guys are just too hard on faucets.  It's easy for people who already have money to sit around and talk shit while they scrape dog crap out of their Bruno Maglis, but for people with nothing, Bitcoin, and the initial amounts earned from faucet sites, is nothing short of a game changer.

I think it's all about the process, many newbies have no capital to be invested. Then how can they start earn from very zero point. If they decide to not earn from faucets anymore, then great, means they grow up. It's just personal opinion.

A lot is being said in this thread and I disagree with much of it.

Allow to me to say that faucets are the best way for somebody who has absolutely no interest in investing fiat currency into crypto-currencies to get familiar with the latter.

I use different faucets and do a daily claim on each of them to accumulate BTC and LTC. My goal is to re-invest the money earned from faucets into profitable websites such as Genesis Mining and perhaps use some of the faucet earnings to participate in ICOs. Faucets are a waste of time if you try to earn a living from them which is impossible without a million referrals and all the generated commissions.

I am actually currently writing a guide for complete beginners who wish to dive into the growing world of crypto without investing their own money but by using a little bit of their time. Once my guide is complete I will publish it online and include my referral links for anyone who wishes to show their support.

So I say to all newbies, try the faucets and get a feel for what it is. Withdrawing the faucet money to your desktop wallet is a good feel and might even make you addicted  .

And how long are newbies newbies?
so long they claim faucets?
I believe I will claim so long claiming is possible.

Faucets is the best way for newbie to start earning and understand about bitcoin, most of the expert start from faucets, and faucets is an easy way to earn for beginner

The earning might not be big, but it can give a lot of lesson and experience for the beginner

Hey don't also forget that faucets also make part of bitcoin transactions, which, i think also contribute to the price of bitcoin. And also if you look back when faucets are profitable, remember the amount of bitcoin you get from claiming is not so different from current claims if you turn them to fiat number. I'm not defending faucet claiming. Yes, it's quite a waste of time especially if you have skills to earn bitcoin from other methods but I just can't accept that it's a total truth. Do you really think people just turn the dusts they get from faucets to fiat immediately? For me, I don't think so. People are not that dumb.

99.9% of faucets are garbage including 100% of faucethub.

Freebitcoin and the coinpot ones are not too bad particularly if you are able to do crowdflower tasks and surveys.

I had 4 surveys today and pocketed over 100,000 satoshis from moonbit.

Yes Faucets are a big waste of time - I agree. They give you dust.  It will cost more to send the dust than what the dust is worth.  Plus some sites keep the free faucet dust on there website.  You have to work the faucet tons to get enough before you can even send to your wallet.  Big waste of time.

I agree with the majority of you guys, dealing with faucets all day is just a waste of time... Sometime I was also a newbie, before I join bitcointalk. Nowdays,  I have a faucet myself.

But wait... Why faucets still exist? Why they have vast traffic? Why more and more faucets are being created?

Because this is my opinion! PERCEPTION is the magic word! Because all people don't think like me (and most of you). Because there are countries all over the world that with 0,5 euro that I earn a day with faucets and this is a joke for me, they LIVE with that income! Because there are people that want to learn about bitcoin without investing anything and have plenty of time all day.

So I think that the conclusion is not to mislead people that they will make a fortune with faucets. I don't support faucets nor I believe I will get rich as a faucet owner. I just broke my arm, get fired and until I am healthy again and find a job, I just tried to make a faucet. That simple.

So you could sell candies and cigarettes on the streets and convert the profit into BTCs later if it's more profitable for you... People who use faucets don't have anything better to make money from or they are doing this on their free time, not as a full time work. Newbies should try faucet and keep the profit for the future, also they can learn how to deal with Bitcoins and another Crypto-Currencies by using faucets.

Remember, it's not a full time job...

It's been said so many times by now. You won't get rich from faucets but its a good way to learn about cryptocurrencies for free. It will not replace a real job but it's better than nothing. And forget about "faucet owners getting rich". Most faucets die fairly quickly because they can't support it on their earnings. Few people are prepared to voluntarily run at a loss for any length of time.

I lose with my kind of faucet...but I gain in fun to manage it.

I earn more showing my turtle eggs than with my faucet where I lose...but managing my faucet is for me more interesting than just showing eggs.

It's really funny. People are telling faucets are useless since 2015 but they still exist in 2017!! 
And in 2015, the BTC price was around 500 dollars, that time people earned satoshi no matter which ways (I am focusing on faucets ) they have now 14 times their earnings.

Most important thing, never think of earning lots of money from a site where owner is not even earning much (Unfortunately faucets are currently such type of sites)