Bitcoin Forum

Here is my idea what all of us (who read this) can do to help Bitcoin grow, especially it's price to skyrocket.


My idea:
1) Go to https://faucetbox.com/en/list, open all faucets in your browser tab, and start clicking on all ads that are on each faucet, you can also buy stuff that you find interesting on the advertisers page. However don't claim any bitcoin from the faucet, just watch the ads on it, preferably all of them.

2) Faucet owners, now you got extra income from many voluntary people who clicked your ads, so please buy bitcoin's with your extra AD income

3) Everyone should put a link to this thread on their forum signature to make more people do this, and inform your friends and family too about this project

4) Bitcoin's price will skyrocket  ;D


What do you think about my idea, it's a win-win situation and it only requires enthusiastic bitcoin fans to just watch as many ads as you wish all day. A faucet owner can easily get 0.1-0.5 $ /click, especially if you also buy something from the advertiser's page.

• Thus if at least 1000 people can do this every day, on a website that has 5-6 ads, by viewing atleast 50 websites/day that is 75000$ market cap increase /day.
• So thus i calculated, if we do this every day we as a community can increase the price of bitcoin by 1.5% (3-4$) every single day , if we do 75000$ worth of ad watching.
• So the power of the community can really affect the price of bitcoin. We alone in this forum can do it my friends, 1.5% price increase /day  ;D
  

What do you think people? 8)

Most ad networks used in bitcoin sites pay in bitcoin, not in $.
So they don't need to - and can't - buy new bitcoins.
So the price won't increase.

Not really, i know only 3 major ad networks that pay in bitcoins, most of them are $ based ad networks.

However even if your theory were correct, it still increases the demand of Bitcoin, and eventually it's price, since Labour+Demand = Money, and any demanded labour invested into Bitcoin will eventually increase it's value.

If we can also help the bitcoin ad networks, then more $$ based people will be interested in advertising with them since they offer cheaper ads and a wide range of audience , so they will buy Bitcoin eventually.

So in either case it's a win-win scenario. ;)

You could actually make a quick macro bot that does this for you.

What are those networks? The only ad network that I know of that pays in Bitcoin is CoinURL. The other large network is Google AdSense which a lot of faucets use. They pay out in USD.

Well a bot would be kinda cheating, i dont want people to cheat, nor the ad network, because that might get the faucet owner banned, and we dont want that. We want real legitimate people watching ads, and also, if interested, they can buy the products/services advertised.



Bitcoin Ad networks: A-ads, Bitmedia, Coinurl, Bee-ads,Adbit etc...
$$$ Ad networks: Adsense, Buysellads, Media.net,Adblade etc

Believe it or not i saw many ad networks ads on Bitcoin faucets other than Adsense. Obviosuly a succesful faucet has to have more ad networks, because Adsense pays only /click. Some networks are fixed, some pay per impression, some are hybrid, etc there are all kinds of ad networks out there...

Actually this method only benefit one party right? Imagine if the clicker don't have any bitcoin for sell? Also how about people who lost the train when bitcoin go up, whereas he/she doing a job as clicker and not get any salary? :-\


~iki

Who would sell Bitcoin? They need to buy not sell. If someone doesnt have bitcoin ,then they can use the faucet as normal, but i`m talking about people who already got 0.1 - 1 BTC or more.

Sure most of use have some bitcoin, otherwise why would we use this forum if we dont have any bitcoin. I got about 10 bitcoins, and i am already doing many promotions to help bitcoin spread and it's price to go up.
https://bitcointalk.org/index.php?topic=1028289.0

I alone, single-handed have promoted bitcoin to over 150.000 non-bitcoin members. So i have advanced ways to help bitcoin.

However those guys who have plenty of spare time, (perhaps jobless and live on welfare? [no offence meant] ) have enough spare time to help the community.

Demanded Labour = Money, the basic principle of economics, those who dont have money can work for bitcoin, those who have money can buy bitcoin. Either way bitcoin will grow  ;D

Honestly i'm not sure when the price go up because we doing this voluntary work then nobody will not sell their coins. Because a lot people there waiting for bitcoin price up then sell their coins.

actually i'm respect with your promotions to help bitcoin :)


~iki

No offence but you dont know how the market mechanism works and why prices go up and down.  :)

There are always buyers & sellers in the market, in fact for a trade to be completed the same amount of BTC have to be bought and sold.

What makes price go up is the fact that the demand rises and people bid up the price (the pending and stacked ASK prices are grouping at higher and higher prices are faster than the BID ones, so when a seller comes in he liquidates the ASK stack faster than the a buyer would the BID stack)

So the key here is demand for bitcoin, if we got that and the exchanges are liquid, the price will go up  ;D

Here are a few links to learn:
http://www.investopedia.com/terms/m/matchingorders.asp
http://www.investopedia.com/terms/o/order-book.asp
http://www.investopedia.com/terms/a/auctionmarket.asp

yeah! That's good idea. But what if, the faucet owners didn't changed the reward or increased rewards by small sat.?

I'm ready to click all ads and even without blocking popups too. If faucets gives Rs.1 ~ 6000+ sat per claim. 8)


~Rude Boy

Yes well i think that would be natural.

We do steps 1-4, and then after the faucet owners bought bitcoins, they can easily increase their rewards.

But it would not be necessary since already the price of bitcoin is increasing so your 1000 satoshi will be worth more and more in $ and €.

In fact , if we do this alot, then the faucet rewards would actually decrease, because eventually 1 satoshi = 1000$.

So collect your satoshis fast until the price doesnt go through the roof :)

So nobody wants to work for free to help bitcoin?  ;D

I said i'm ready. Ask some faucet owners for this agreement. Then we will start this work even tonight.


~Rude Boy

Sure but i thought 1 person is not enough, we need atlest 20-30 people doing this.

I will find a few faucet owners who would be willing to do this. AND as  a reward you will view their websites instead of other owners.

If we could make a deal between faucet owners and a few volunteers it could be beneficial for everyone :)

Hmm it seems like in capitalism nobody works for free  :D

So no incentive , no work eh?

Well in any case it's a good suggestion, and anyone who feels like it can do it, it would help the faucet owners atleast to keep up their businesses  ;)

Agree. And probably the most users would exchange their earned Bitcoins into fiat money what causes a higher Bitcoin demand and lowers the price.  ;)