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[Michel501]

I'm new in network world, i would like to start with cryptocurrency, I need help.
Thinks for reply me in this post

 

[Emill]

there is a paradox in making money around crypto.. you have to invest some quite huge amounts of money to be able to earn a lot, yet you shouldn't invest what you cannot afford to lose. the best solution would be to afford to lose huge amounts for small amounts I think the best solution is to invest in low-valued currencies and hope they will increase a lot in a few months

 

[tusziget]

If you think about it,it was easy to make good profit from Bitcoin within couple of months.You could buy Bitcoins in September,when his price was about $6000 and sell the Bitcoins in December,when his price was about $19,000.That is a really nice profit.

 

[Emill]

If you think about it,it was easy to make good profit from Bitcoin within couple of months.You could buy Bitcoins in September,when his price was about $6000 and sell the Bitcoins in December,when his price was about $19,000.That is a really nice profit.

you know, it's so easy to tell how easy it would've been if you did that back then, but back then you would have never believed this is actually possible.. do you know that guy who bought 2 pizza in 2010 for 10000 BTC? here's your proof about how nobody had any idea

 

[tusziget]

you know, it's so easy to tell how easy it would've been if you did that back then, but back then you would have never believed this is actually possible.. do you know that guy who bought 2 pizza in 2010 for 10000 BTC? here's your proof about how nobody had any idea

Yes,I have heard about it,but I think actually the guy didn't bought the pizza,just intended to do that...at least this what I have read about it.We could do many things more smarter way,if we could see in the future how things will happen...

 

[Lovely]

If you think about it,it was easy to make good profit from Bitcoin within couple of months.You could buy Bitcoins in September,when his price was about $6000 and sell the Bitcoins in December,when his price was about $19,000.That is a really nice profit.

No one ever thought it could be that explosive some months after.I wish I had invested some money in buying them but lack of foresight was my undoing.Profiting in crpto is just like investing in a business,buy for less and sell when it is high.

 

[tusziget]

Yes,if we only could see how in the future the things will be going....I was expecting that the price of the Bitcoin will go higher,but I was not expected that it will get near to $20,000...We were actually discussing here in the forum,couple of months back,if Bitcoin will reach $10,000...

 

[mildredtabitha]

So after using faucets to make bit coins and keep them in the faucethub, how does the bit coin grow? Do you have to wait for months for the bit coin value to be high then sell or withdraw?

 

[Crystal]

So after using faucets to make bit coins and keep them in the faucethub, how does the bit coin grow? Do you have to wait for months for the bit coin value to be high then sell or withdraw?

1. You need a lot patience and time to claim from faucets.
2. Withdraw from faucethub from time to time to your wallet .
3. Keep claiming over and over, some satoshis worth few dollars is nothing because you will spend a lot on sending transaction bitcoins => your favorite exchange from where you can sell it for dollars. Exchanging bitcoins to dollars will charge you a fee too .
4. There is a way to skip transaction fee from wallet => exchange if you withdraw from faucethub directly to your exchange account wallet but storing bitcoins on exchanges is not recommended. Nobody can guarantee a safety exchange , nowadays such websites are targeted by hackers.
5. You just have to keep claiming on faucets , the bitcoin price is growing with the traders help (mostly) on exchanges websites ,so you don't have to do (can't do) anything about the price unless you are millionaire in bitcoins and you affect the market price, even so, exchanges may tend to set a maximum trading/withdrawing amount per day/month. It's like growing and gathering apples in the fall and store them and wait for the winter to grow their price.
6. Now the bitcoin price is still low so it is the best chance to gather faster satoshi specially from faucets with dynamic claim values/rates. Dynamic claim value is a value per claim which is changing in real-time according to bitcoin's price. Meaning if bitcoin is 13k $ you could claim 30 satoshi every 15 minutes but if bitcoin is 15k you could claim 20 satoshi every 15 minutes on the same website.
7. So yes you have to wait for months not only to grow its value but mostly because there are fees to paid until you see dollars in your pocket so you have to keep claiming .
Having bitcoin worth 10$ is not a big deal nowadays because there are high fees to be paid on sending and selling. So you will lose most of it on fees. With higher amount of bitcoin the situation is better.

Important hint: Many faucets didn't modified claim value according to the new bitcoin price since it was $19000 so claiming on some faucets right now might be frustrating but there is a way to save time (better claim value) if you hunt for altcoins faucets with altcoins supported by faucethub and you can exchange altcoins on faucethub for bitcoin for free.
But you will need a valid altcoin address to set on your account so you have to create altcoin wallet(s) to get a valid address to withdraw from faucet website to your faucethub account .
So you have 2 options on faucethub, either withdraw altcoins to your wallets,either exchange them for bitcoin in the exchange section.

Super important hint : How to figure out which altcoin faucet pays better than bitcoin faucets or viceversa ? Just find out on a converter website the value in $ per claim most often.
You can use this website http://bitcoin.price.exchange/ to see equivalences ,just type the value of a claim in the specific crypto coin section.

 

[overcast]

I agree on the patience part. I seem to be taking like months to even reach the payout level for the dash and ether. for me it is going slow. but so far it is not that bad. and on that point you should be really concerned which currency to aim for as well.

 

[Lovely]

1. You need a lot patience and time to claim from faucets.
2. Withdraw from faucethub from time to time to your wallet .
3. Keep claiming over and over, some satoshis worth few dollars is nothing because you will spend a lot on sending transaction bitcoins => your favorite exchange from where you can sell it for dollars. Exchanging bitcoins to dollars will charge you a fee too .
4. There is a way to skip transaction fee from wallet => exchange if you withdraw from faucethub directly to your exchange account wallet but storing bitcoins on exchanges is not recommended. Nobody can guarantee a safety exchange , nowadays such websites are targeted by hackers.
5. You just have to keep claiming on faucets , the bitcoin price is growing with the traders help (mostly) on exchanges websites ,so you don't have to do (can't do) anything about the price unless you are millionaire in bitcoins and you affect the market price, even so, exchanges may tend to set a maximum trading/withdrawing amount per day/month. It's like growing and gathering apples in the fall and store them and wait for the winter to grow their price.
6. Now the bitcoin price is still low so it is the best chance to gather faster satoshi specially from faucets with dynamic claim values/rates. Dynamic claim value is a value per claim which is changing in real-time according to bitcoin's price. Meaning if bitcoin is 13k $ you could claim 30 satoshi every 15 minutes but if bitcoin is 15k you could claim 20 satoshi every 15 minutes on the same website.
7. So yes you have to wait for months not only to grow its value but mostly because there are fees to paid until you see dollars in your pocket so you have to keep claiming .
Having bitcoin worth 10$ is not a big deal nowadays because there are high fees to be paid on sending and selling. So you will lose most of it on fees. With higher amount of bitcoin the situation is better.

Important hint: Many faucets didn't modified claim value according to the new bitcoin price since it was $19000 so claiming on some faucets right now might be frustrating but there is a way to save time (better claim value) if you hunt for altcoins faucets with altcoins supported by faucethub and you can exchange altcoins on faucethub for bitcoin for free.
But you will need a valid altcoin address to set on your account so you have to create altcoin wallet(s) to get a valid address to withdraw from faucet website to your faucethub account .
So you have 2 options on faucethub, either withdraw altcoins to your wallets,either exchange them for bitcoin in the exchange section.

Super important hint : How to figure out which altcoin faucet pays better than bitcoin faucets or viceversa ? Just find out on a converter website the value in $ per claim most often.
You can use this website http://bitcoin.price.exchange/ to see equivalences ,just type the value of a claim in the specific crypto coin section.

Well stated,always follow your write-up it always enlightening.Yea,this is what I have been doing lately.I claimed my coins mostly through faucets listed on faucethub because it an instant payout and I usually try to exchange other coins for BITCOIN.I hope to store them for future use,maybe then I could make a 100% profit from selling them.

 

[tusziget]

I intend to store my other cryptocurrencies,coins in my wallet for a higher value in the future,though sometimes I am thinking to exchange them to Bitcoin and withdraw the Bitcoins to my wallet...I am not yet decided what to do...

 

[kicktracer011]

Easiest way to start is to outright buy some bitcoin and use that.
Other options are mining the coins, claiming the coins from faucets, or exchanging money you earn from sites you find on this forum for some coins. Altho I dont think many people are willing to take the risk of taking paypal for cryptocurrency.

 

[tusziget]

Mining might be expensive some ways taking in count all the costs:electricity bills etc.Claiming from the faucets requires time and patience as the faucets are still offering the same amount of satoshis,even if the price of the Bitcoin has dropped.

 

[dragoad]

Bitcoin and AltCoin faucets are interesting as earnings without an initial investment. Better providers offer a combination of faucet, mining and affiliate. You can check the stock exchange with earned money. The amounts from bitcoin faucet are really small, so it's worthwhile to consider about affiliate..

 

[Emill]

Mining might be expensive some ways taking in count all the costs:electricity bills etc.Claiming from the faucets requires time and patience as the faucets are still offering the same amount of satoshis,even if the price of the Bitcoin has dropped.

yea, faucets are good for some pennies without an investment, but they can't be compared to mining. mining, as it is nowadays, can be already considered an investment.. but unfortunately not a safe one, because you never know how many miners there will be and when you will have to upgrade your specifications again.

 

[tusziget]

I am not into mining,as I have never tried out this way to get cryptocurrencies.Though I have read many things about it,and many persons were saying that there are some costs involved and the profit is not that significant.

 

[Bhaskar125]

You should first try faucets and GPT sites that pay cryptocurrency. I too first started from there. But when I started the price was too low. Hardly around $500. So, I left earning btc.

But now its price rises too much, and sometimes I feel like regretting that I stoped earning BTC.

 

[tusziget]

I think it is good if you can work on GPT sites,if your country is among the best paid countries.Some members get there more surveys and tasks,and when they ask for withdrawal,they can ask for payment in Bitcoins.It is faster,than earning Bitcoins with faucets.

 

[Lovely]

i agree with you the fastest way to get good amount of Bitcoin in to the wallet is through working on good and high paying sites thst pays with Bitcoin. claiming can be really waste time with little reward.

 

[tusziget]

It is good for Tier1 country members,who can do several offers,complete several surveys,and can ask for the payment in Bitcoins.It depends though on the fees,as I have heard there are some sites with higher fees at withdrawals in cryptocurrencies.