Bitcoin Forum

For example, I've been buying $20 to $50 worth of BTC every couple of weeks since early this year, and I'm still at 0.3 BTC (or about 0.25 BTC excluding altcoins). I also got about 0.02 BTC from the PD faucet, and a tiny percentage from other faucets like Freebitco.in.

In 2009, it would have taken seconds to minutes to reach 1 BTC. In 2010, maybe a couple of hours. And in 2011, perhaps a day to a week depending on the month. Generally, how long do you think it would take for a person living today to reach 1 BTC? 10 BTC? 100 BTC? (heck, is that even possible now?)

Your question is really hard to answer and the rest of your post confuses me even more.

If you have 620~ USD, it takes a second to obtain a btc. You simply buy it.


If you're going to rely solely on faucets - you're looking at years of work.


If you're mixing faucets, buying, earn sites, signature programs, gambling, freelancing - it's impossible to say how long it's gonna take -you- to earn a bitcoin.

You can always try cloud mining, it's an investment so don't do it if you can't afford to invest, but after you break even it's a passive income.

If you are buying bitcoin at a rate of $50 per two weeks then it would take 28 weeks to buy one btc assuming that your average price is $700 per btc (it is at $636 now).

I am curious to know how you got .02 from the PD faucet.

If you were to use "regular" faucets then it would take at least hundreds of thousands of hours of work to earn one bitcoin (hint: do not try this)

Dollar cost averaging, based on bitcoin's price history, will usually work in your favor. But not always. So it really depends when you have been buying exactly. Personally, I see a rally brewing, so they might just get more expensive. :D

I understand what OP is implying. Yeah, it is so much harder to own 1 btc compared to just a year ago.

Let me give OP's scenario a little twist. If someone do not have too much spare cash, and could only afford to buy $20 worth of bitcoin every week. If bitcoin price is rising at an average rate of $10 every week. Could he actually own 1 btc by the end of 2014?  :D

Assuming PD is PrimeDice, he probably got .02 from the happy hour faucet.

About 1-2 years at your current rate.

It depends on what you are trying to do to get the bitcoin.
If you have the money and are buying them, you can get 1 btc within a day.
If you are working for bitcoin, you may need a few weeks (depending on your job) to earn ~$600.
If you are playing with faucets, you will never get 1 btc now. :)

It's almost insulting that it's impossible to break even on bitcoin now actually, if we want world wide adoption to bitcoin why make it so impossible to obtain one? Why doesn't somebody start something that gives little bits (faucets immediate answer I know) of bitcoin but just enough to get people interested enough they don't lose sight of it?

I'm just relaying my own story but when I thought mining was actually profitable in 2011 and bitcoin was $14 a pop and I really didn't have the money to just go buy one, I could have used a faucet or something would have helped me out with that, I would have gone out and told all of my friends about bitcoin, maybe sound like a stark raving lunatic but still, I would have gone out of my way to show people this currency and the many others out there.

Now I'm even skeptical to mention it to anyone, even my ex thinks I'm crazy for wanting to invest in it.

You only need 3 months if you are "hardworking". Fauceting everyday and selling your signature..

If these little bit's (faucets) payed 1 BTC there would be huge inflation.... bitcoin is being adopted by more and more sites.  Future looks good.  But buying and mining are ways to get it.  Don't expect a faucet to make you rich, or for there to be a get rich quick scheme.

It's not so much a get rich scheme for me, it's more so securing a future. For all I know the price of bitcoin could drop significantly tomorrow or the next day or a month from now and I would have nothing to show for it, or it could bounce back up and I'd have some security.

That's what it's all about for me, I know that sounds ridiculous but with my current financial situation I would like to have some kind of back up and security since it's really the only income I have coming to me.

Depend on the amount of effort and time you are ready to spend, wallet like microwallet "mini-transaction service" that receives in-site transactions from the wallets instantly (can get a tiny amount every day according to time to be spent).

maybe in 2016 you need 1000 years to reach 1 BTC  :P

could be. :)

i'm trying to keep an open mind though. the current trend that bitcoin is on may not be sustainable. it may be a rockier road than some of us think. still a long term bull here, though.

you need to start doing something else other then faucets :D

faucets are simply not worth it..

The PD faucet is great during happy hours.
But you should stop using other faucets which just give you hundreds of satoshi each time. They don't really deserve your time IMO. :)

Never risk more then you are willing to lose on any investment.  For all we know on stocks, most investments they all can have dramatic effects.   

If you want security get a savings account, but you will see with no up or down the little amount of interest you get. 

If you hold bitcoins I think most on this forum see a bright future, more websites accepting them every day.

your $20 will value more month after month, at least until the next bitcoin halving.
you can make more to multiply bitcoins, like trading
you can join bitcoin economy and work or open services for bitcoins


So there are many things to do to reach 1btc

     

Your question is really confusing :)
You can make BTC in a matter of seconds if you have the cash to buy it. Do not spend any timeo n faucets, because they are just losing your time for just a couple of cents. Try to earn some coin working for it. Review the marketplace->service section where you can find an actual job to do. You can say what skills you have and may be someone will hire you and pay you in BTC. This is some of the ways you can earn btc :)

I am pretty sure you can still get 1 BTC fast and easily in 2016 (provided that you have the USD to buy it). :P

I have been trading BTC for a while now on BTC-e

I started buying 1 BTC @ $800 at some stage I ended up making a heap of bad trades trying other alt coins and got down to .6 BTC quickly
( I played with LTC and it went from $40 to $20 quickly )


since then I have been trading daily with just over 1% gains each day  looking at the charts and finding a good place to short 
trading 1% daily should get you around double BTC in under 3 months

I now have around 6 BTC from my trading during the last 7 months this year  so $3500 from $800 investment


I have been keeping an eye on this forum for a while now and thinking its time to try my hand at other alt coins , as BTC-e is quite boring these days


To actually answer your question I have found it best setting really low buy's and when their is an massive dump and you get the cheap coins resell them at current average price and rinse repeat, I am keeping around 50% in USD and 50% in BTC 

Interesting thread.

For those wishing to acquire 1 BTC, it seems that access to USD can be a major bottleneck.

You can reach 1 BTC in some month if you use signature campaigns and do some little work for BTC...

no one can state how long it will take you could earn 1 bitcoin within an hour or you could make 0.00001 in a month. it all depends on your skills and the services you are offering.

I found out about BTC back in the day but didnt do much research, then recently saw Ashton Kutcher talking about it in twitter  ;D
I missed the boat real hard. And yes making 1 btc is a pain in the ass.

The question is pretty meaningless, unless you specify your desired way to earn bitcoin/fiat, your skills, your location, etc.

Guys what exchange can I use to buy BTC that doesnt require ID scan? thats creepy  :-[

You can use localbitcoins or the bitcointalk currency exchange section (please use escrow!!). :)

That's too much diffcult to answer you.

If price is stable, you can reach 1 Bitcoin in the month of February of next year.

But, I've read that you got about 0.02 BTC from the PD faucest, why don'you try to rent your signature to PD? Your max payment would be 0.16 BTC every month :) !

That would require OP to make 400 constructive posts a month, which is not that easy if he doesn't have much free time to spend on here. :)
Having said that, it is a good idea for OP to join a sig campaign to earn some bitcoin every month. :)

I have never been able to own an entire Bitcoin since I joined the party a year go. I once had the possibility to withdraw 2 BTC from the AUR bubble but I didn't sell. Oh god. I guess that's life. My main mission now is to own 1 BTC for my mental sanity, then put it in a cold storage vault for 10 years, then continue obtaining more BTC and try to gamble a bit with these in the markets.

You can make 1 BTC in one month working for minimal wage somewhere. You can make 1 BTC in 3 months or so with signature campaign if you are high enough rank (maybe on other accounts if you have them) and you can gamble from 0.01 btc to 1 btc in 10 minutes, but you will need luck, a lot of luck. I suggest you to go work and buy btc.

Whether earning fiat or BTC, it seems much more productive to attempt to work extra hours and then to buy BTC while the price is still below $1,000. 

Well I am kinda new to bitcoin and I have already made over 1 BTC in my first 2 months  ;D

I don't use faucets and I don't mine at all.  8)

"The sky is the limit!"

+1.
Also do some trading if you have are good in trading otherwise it may lead to loose in BTC.

Kindly,
       MZ

What kind of service(s) did you perform to receive that kind of dough?

Some VERY lucrative services, that's for sure. Working for 4 months and I only have .2BTC, which kinda feels bad. It's like $25/month, but it's slowly getting better. I'm hoping to make it into $50/month soon, but time will tell. I was kind of lazy when it came to sig campaigns, since I was generating coins from elsewhere, and now I'm discovering the real requirements behind them.

Any other ideas would be nice, but I can't think of any extra ways to generate BTC. I use signature campaigns and I run a few services, but gambling and stocks are out of the question for me.

I'm also on the brink of mining, but that's going to take some time to start up.

Mining bitcoin? Do you think I'm stupid? I mine alts!

I just joined Latium (link in my signature) and I got referrals. You earn 5LAT for joining and you earn more LAT from your referrals on 100 levels!

I know it might seem like a ponzi or pyramid scam but its 100% free and LAT is now worth around 20,000 Satoshi per LAT! 

You just need to get a as many referrals as you can get and then they will get referrals and your 100 level downline will begin to fill itself and you will earn LAT every day with no work from you (on the other 99 levels)

If you need help just PM me  ;)

After I saw your SIG, I understood. Did you made splash pages for it?
Don't gamble, you will loose your BTC or any other DCs.
Kindly,
         Muhammed Zakir

Where can i learn about sig payments? any good ones for newbies or jr member?

You can find almost everything about sig campaigns in the thread https://bitcointalk.org/index.php?topic=615953.0.

For newbies and jr members, I think the best campaign is the 777coin campaign. https://bitcointalk.org/index.php?topic=654009.0

Do these various sig campaigns add value to BTC?  In reading through this thread, I have been thinking that a lot of guys waste a lot of time, energy, mental power and effort in these seemingly - get rich quick schemes.  In the end, there may be better ways to employ your time and energies, and accordingly earn an extra $500 a month and buy BTC with that extra money.

On the other hand, I understand that BTC is an up and coming dynamic, and it may be good use of a guy's time to learn about BTC through these various schemes b/c as BTC develops, these guys may learn more about BTC and be able to apply that knowledge to BTC investments and/or BTC innovations.

if you are member or in upper level status then you can earn it within a month or 2 if you know how to save it i almost got err close to 1btc but im a little bit spender but i am not a gambler tho maybe just because i love to buy some usefull things so better to save it

How'd you get close to 1BTC? I'm sitting at .2, and I've been doing stuff for a few months!

I know that it's pretty easy if you're Full+ Member, but it amazes me that a even a member has the capabilities to reach that.

Now, then again, I have made quite a bit of progress with things I've been doing, but it still seems like the 1BTC/bi-monthly is impossible. The max I can get is .25 BTC montly, so .5 BTC bi-monthly, if I can reach the maximum post count. (0.0005*500)

I'll be trying out some new things I've found, but I can't guarantee that they're going to work...

im a scammer dude :D kidding its possible if you are only using your salary on signature campaign then go and day trade do some task on service section gosh where have you been you can always work on any bitcoin related job also if you knew how take advantage of this forum with stepping on someone else's toes then you can have more than 1 btc its all about the strategy