Bitcoin Forum

I just bet 12,000 satoshis on Freebitco.in and lost it all. In reality, 12,000 satoshis is only worth 6 cents.

The only explanation I could think of is that those 12,000 satoshis took me three days to earn. So it seems that three days worth of effort has been wasted.

Also, the opposite is true. The "rush" of winning 10,000 satoshis is disproportional to the actual value of those satoshis.

Anyone else feel the same way when betting faucet earnings?

You should really stop using faucets. As you said, it took you 3 days to get just 6 cents...


Can't answer your question, as I don't use faucet myself.

Yes if it is 1 BTC but 10,000 satoshi is too low...

Would you feel bad if you fauceted for 3 days and only got 6 cents, but got them successfully?

Indeed, once you become a member (probably by next tuesday) look for a signature campaign in the Services section. The one I am using right now gives you 40,000 satoshis per constructive post.

Then instead of using shitty faucets you can make 400k satoshis a day by doing something that could help someone out some time. :)

I get the same feeling too. Bitcoin feels like it is worth a lot more than its equivalent value in fiat. When you loose a dollar, it's no big deal, but when you loose 0.001btc, it feels like $10.

Because you know one day that 10k satoshi will be worth 10k :p

J/K obviously you put effort in for the 10k you added value.

What is PTC?

Hmm... Perhaps it's got something to do with the numbers involved. 10,000 units of something feels like a significant amount even though in reality, it's not.

And also there's the time you spent earning that 10,000 satoshis to consider too. You spent hours reloading page after page after page, typing in captchas, and clicking on buttons just to see your balance inch slowly upwards 300 satoshis at a time. And then by gambling it all, it all went back down to 0 in the blink of an eye. Hence the disappointment.

You probably took a long time to earn those. Losing them felt like days of hard work gone in a few bets. Betting always lose, even though it's a faucet.

IMO faucets are loss of time. Find something real, don't work for pennies

it's because you consider it valuable at the time you're gambling with it. you worked hard for it.

Hi all, faucets suck. How can i make more bitcoin? only buy?  :'(

Hi

you can try sell something.... physical thing, or skill.

check
http://www.reddit.com/r/Jobs4bitcoins
http://bitgigs.com
http://bittask.com/

try signature campaign, here is nice overview https://bitcointalk.org/index.php?topic=615953.0

or

look for some giveaway, promo actions, contests etc.    Bitcoin Forum > Economy > Marketplace > Gambling > Games and rounds (https://bitcointalk.org/index.php?board=71.0)

I get this feeling too. I know faucets give out nothing, but I can't help doing them.

You'll soon realize that it's a waste of your own time. within those days to get 6 cents you could of made that in 10 seconds.

But what makes you do it? I'm curious about this.

Is it because you believe that a Bitcoin will be worth an absurd amount of money in the future? Or is it simply that it provides you a distraction while giving you the impression of doing something productive?

If you have some goods or skills to sell, you can sell them for bitcoin.

Or, you could join a sig program to earn some bitcoin while posting here.
As a newbie, the best one you can join is the 777coin one, which will pay you 0.00004 btc (4000 satoshi) for each of your constructive post.
https://bitcointalk.org/index.php?topic=654009.0

That's cool; better than several hours of doing faucets :D

because no one likes to lose regardless of the amount? lol.

unless we are always thinking imagine if it was $10,000 which like a high baller would feel.

I'd actually subscribe to the complete opposite of that claim. I think many people wouldn't care if they lost some BTC. Bitcoin is still in its infancy and therefor many people still just have fun using it for the sake of just using it. Also that many zeros behind the decimal point make it look rather shabby, even though it isn't  :)

Because it's value could change in the near future, possibly not even being less than a penny. And, almost any amount of Bitcoin is still Bitcoin. Thus could be sold for currency, or money.

Look around the forum, post and learn somethings. When you reach member status, join a signature campaign, you can easily post constructive posts as you can advice people better. Your time also wouldn't be wasted.

Probably because some of us believe that 12k satoshis could be worth 1m satoshis at some point....

forget about faucet and BTC, you earn only 10000 satoshi for three days and you'll feel so bad if you lose it in just one bet :P
i earn 20000-30000 satoshi / day form my referrals, and just gamble it away for 3x-4x profit
if i loose, i'm not feel bad, since i didn't waste my time t earn it :P

Not many people can have that much active referrals, you would need a lot of time and planning to get so much referrals.

Even 20000-30000 satoshi is really little, I won't feel a thing even if it was hard work from faucets..

It could be worth basically every imaginable value in the future. 10000 Satoshis could buy you a car or not even a single cent. It only makes sense to value the Bitcoin at their respective point in time. That Pizza for a couple thousand BTC could of course buy you a house today, but that's not how it works!

yeah i need a lot time to promote it few months ago
when I found out about bitcoin ;D
yeah agree, that's why i just bet it away, just for fun  ::)
faucet is really wasting time

Faucets are a waste of time, I think that's been confirmed now.

I lost $2.50 while trading some NXT, it felt kind of bad, but not like heart-breaking bad. I can easily get what I lost on it, thanks to signature campaigns.

I made about $0.30 from faucets (Lots of faucets) over the course of a month when I was first starting out, felt good to have some BTC but now it feels just like a waste of time.

Betting away faucet money is fun though, you don't ignore that...