Bitcoin Forum

Hello everyone,
It's been around a week since I started my bitcoin journey (few years if i want to be precise. I mined bitcoin back in 2011 without knowing much about it. RIP those lost ~0.005 bitcoins). So I am planning to make bitcoin income as a extra-pocketmoney type. I want to know your thoughts on my process.

Right now, I am on few faucets.
My main focus is on multiply-BTC in freebitco.in
After I collect 0.0002BTC on it, i am planning to use it with starting bet 1 Satoshi, and martingale method. Since my laptop is on almost all the time, and I think it can afford a single-tab browser with the Script running, even while I am doing other work.

With an profit of around 430 Satoshi per 1000 rolls(tried it myself, have lost almost everything while trying ;D ), and assuming that each rolls take 2 seconds, it is approx. 700-800 Satoshi per hour.

What do you guys think of it? Do you think it's okay if I start the multiply-BTC at 0.0002BTC or should I save more before I begin? I am also thinking of doing signature campaign later on, so should I wait for sometime before I start multiply-BTC? I want to be able to earn approx, 10$ per month if possible after the next few months.

Thanks for the feedback.

That is a horrible method. It is just gambling, and gambling does not guarantee you a good steady income. Furthermore, you are just using faucets. Faucets give out amounts so small that they are simply not worth the time and energy that it takes to collect enough Bitcoin to make a difference.

Instead of wasting your time on faucets and gambling, try doing something else to earn Bitcoin. If you have a skill, you can offer it as a service. If you have stuff lying around your house that you don't want anymore, try selling some of it for Bitcoin.

From my understanding, And from what i've heard and red, it is a horrible idea trying to get your basic income out of "gambling", Its simply not trustworthy and the odds of you making alot of $$ is very small, and with your method, a long way ahead..

Also i would suggest you to not use faucets if your in EU/US, It is just not worth your time..
I guess a better idea would be to learn how to trade with low amounts.

you are wasting your time my friend. and you are doing it twice.
once in claiming faucet which is a waste of time because the payment is so low and second is using the amount you have earned to gamble because you WILL lose it.

and about your strategy i have to say when using martingale method on a 49% chance of win (aka 2x) the biggest losing streak that i have seen is more than 30 reds (losses) in a row which means you need at least 10BTC if you don't want to lose.
and even then you can see +1 more loss and lose 10BTC too and be empty handed.

if you thought with gambling you will get stable income i have to say you're totally wrong because gambling results will be so different everyday and even most people has been try it with huge amount but they were realized that end of gambling is lost and if you try to collect bitcoin by using your faucets don't ever try to gambling because your attempt will be useless

The Martingale strategy does not work on Freebitco.in on the Multiplier option, so I just want to warn you before you lose a bunch of money. I have tried it before and they have counters in place to

stop any variation on the Martingale method. You should rather find some other faucet with no Martingale, if you want to go that route, but most faucets will spot this very quickly when their pool runs

dry on one user account.  ;) Just concentrate your efforts on other ways to earn fiat money and then convert it to BTC, it would be much quicker to do it that way.  ;D

No, you will eventually lose all, I speak that from first hand experience.

Sorry brother that method will not gonna work.I also tried this matter and it never worked.No matter how bigger amount you have if you keep autobetting on surely after some time all your balance will be lost.

Not only you but many one of us tried this method I also but yes this is a horrible method I advice to forget about it.

Well indeed your method sucks, big time
but if your goal is to make 10$ per month why dont you start offering your services ? something like translating or hunting after new alt coins bountys , you will make much more bitcoins than trying to get rich from gamble (even with a scrypt running)
my 2 cents

Yeah if you hold  some unique and technical skills then you can earn that income very easily and its always good to go for multiple sources of earning it.

There is a slight chance to get back your coins. Do try yourself.
For the love of God, please grow up and move away from faucets. They are a waste of your time. You can earn through a lot better ways. Even, join a signature campaign to get 0.0005BTC with your account soon.

Freebitco.in is good only as a facuet. Their house edge will madden you once you play on other dice sites like 999dice or PrimeDice or Rollin or FortuneJack. Also, martingale? PM me and I will offer you better strategies for free.
Thats no profit, I make 1k satoshi per minute with my bot.
Yes, you should join a signature campaign. I prefer joining Pokemon Go campaign (https://bitcointalk.org/index.php?topic=1558014.0)
Also, good luck for your bankrolls

if you just want make $10 / month, you can get it from faucet. do not bet your coin from faucet, because very hard to collect $1 from faucet.

Nope and never i think. Sorry for saying this, but you can't make decent profit with that strategy, you won just because you're lucky, you can't sure if you'll  profit again if you using that strategy.

A very horrible method as other  members say, faucets are very time consuming and it would gain you a little amount of satoshi. If i were you stop to those faucets and  focus here on bitcointalk rank up your account and  contribute for quality post everyday in this way you can join signature campaigns and would give you minimum 7000 satoshi per post or even more.

Yeah I think if op only wanted $ 10 per month, faucet might do. But the faucet is not a steady income I guess. And in the investment world nothing is stable in my opinion, the most excellent way is to work in real life. With the work you will receive steady income every month, and you can invest it in bitcoin and make it as extra income. :)

for OP, gambling is not the activities that can be relied upon to seek income. If the look, just be spending all of your bitcoin in vain.

.0002 btc is a bit low, try to earn and save btc atleast .02. I know you cant earn that from just doing faucet. Apply any signature campaign that fits according to your rank. Search it here
https://bitcointalk.org/index.php?topic=1327312.0;topicseen

you are gambling so even with my eyes closed i can tell you that it won't work no matter what strategy you are using but after reading your full comment i can say again that this strategy won't work 100% sure. because you are using a very small amount to start with so you can lose too often and never grow.

I think martingale method is not advisable to do.
You must be lucky to win on those gambling sites.and its not a good and steady income.

Well, I am keeping hold on gambling for now, but would like to know other betting strategies.


Thank you all for your feedback.

Thats the best  way to earn a little bit higher amount than faucet is to join signature campaigns. Even in my dreams i cant imagine on working on faucets since it would gain you such a little amount of btc and not worth for my time. There are campaigns that accepting newbie ranks thats far much better than faucet. ;D

if you want to know more about other betting strategy, you must read these threads, https://bitcointalk.org/index.php?topic=1454660.0 , https://bitcointalk.org/index.php?topic=1425557.0 , https://bitcointalk.org/index.php?topic=1232896.0 , but mostly all people (including myslef) believe if there's just Luck in gambling, and don't be greedy while you gamble.

As long as you keep play on faucet, you only able to gain small income on your bits.
Let's change this one, if you have friend that sell something like ring or necklace, you can start help him and advice him/her to accept bitcoin so you can ship the goods globally ( expanding your sales ) so your income will keep grower and grower

As much as people are discouraging you about the faucet and calling your system 'horrible', I would like to differ with them. The only thing I would like to discourage you is to gamble with the satoshi that you collected from freebitco.in. I have had experience with them and you will never win when you gamble on their system.

For a newbie like you, the only way now to collect bitcoins is through faucets, not just one but several of them. When I started collecting bitcoins before joining a signature campaign, I used the faucets on faucetbox.com and I was able to collect at least 20,000 satoshi per day. This could be in an average of two hours. Just collect the bitcoins and store them in a wallet but don't gamble. gamble only when you are very sure.

As you continue participating on this forum, your rank will rise and when reach Jr. member, I am very sure you will be able to join a signature campaign and start earning at least 7,000 satoshi per post.

that is not good at all. and you are wasting a lot of time in the process of doing this. if you like taking risks and trying to make something out of the tiny payment of that faucet you can try larger multiplier (lower chance of winning) but if you are lucky and win you can make bigger amount.

but none of these methods will ever work long term and you will end up losing someday.

$10 per month is nothing at all, people earn more than $10 a day these days.
And the Multiply-BTC on freebitco.in is worthless, i personally have tried it a lot before when i was using their faucet, i used to collect and also deposit bitcoins for the multiply game and i also used martiangle strategy but what used to happen was so common in gambling, lost everything.

what the shit? you're using that worst strategy and you hoping you can get profit from that? 700-800 satoshis/hour really wasted your time, stop doing this and do other things which can make bigger profit for you.

Gambling is addictive, and Addictiveness takes you toward loss.

I dont suggest this strategy is good for freebitco.in .  Afterall its a gambling and gambling couldnot be a income source .

I would not recommend you to go into gambling with just a few Satoshi.

Faucets are a legit way to start with Bitcoins even though it is quite time consuming.

If you really want to start gambling with the coins using a martingale of 1 Sat is just not worth the risk. You will go eventually broke as almost all gambler do with martingale. Go to one of the gambling site which offer you a decent amount of Faucets directly at their site. 250-1000 Sat. Do some more risky bets with these and try to win big.

Maybe you can earn btc with trading altcoin ... Gambling just for fun not recomended to earn btc :)

If you need $10 a month, honestly you will do better working in amazon mturk than working on faucets. If you want to go the faucet route, then use a faucet rotator and open at least 20 faucets at once to be able to earn some satoshis.

Do not waste your hard earned $ on bets...

Have you heard about service https://www.bsave.io/ (https://www.bsave.io/) I have never used this service, but from what I found on their site. This concept is interesting:


"BSAVE is a unique service that allows you to immediately profit from your dormant bitcoin.
It takes just seconds to transfer your bitcoin from your wallet to your BSAVE saving account and you will immediately begin to receive daily interest payments.
BSAVE saving account guarantees full liquidity. You can withdraw your funds at any time without financial penalties.
We use sophisticated algorithms to calculate your payments based upon the amount and duration of your deposit."

Anyone here know more about Bsave?

Earning from faucets is very time consuming its better to go for an signature campaign to earn a steady income and it is very safe too.

Do the calculations.  If you average the high end of 800 satoshi per hour, you will be making about .00135 per week.  If you take that towards the USD, you will be making $ .90 per week.  The wear and tear on your laptop is not worth that much.  Just stating the facts, sorry.

If you look at it, this shouldn't be such a hassle on OP because as he stated, his laptop is always ON. But doing the calculations, you would earn roughly 1$ per week. Is 1$ more than what you'll pay for making your laptop ON all the time? I hardly think so. Electricity is expensive in majority of countries.

700-800 satoshi per hour? You might want to just solve a captcha in any faucet site. 1000 satoshi/hour is the average reward for doing faucet. I think this is much better than keeping freebitco.in tab on your browser.

You might want to think of other ways of earning as well. 10$ per month is so little tbh. Also, drop the martingale thing. There's a possibility that your allocated losing streak will be surpassed in the long run, making you lose all your hardly earned money.

there's no "method" on gambling. it's pure randomness. you are better off solving captchas

if you want to get study income, you maybe try other things but faucet and gamblig are really bad and wasted of time, signature campaing  can be a good for you maybe if you go to altcoins marketplace you can find few who need newbies in their signature

example of this are cryptojack or xaurum ect new altcoins grow everyday so you maybe can get one if you  are active member.
other method is maybe creating website blog talking about cryptos, and help some newbies.

then monetize using services like coinads, you have many ways the only limitation is your imagination.

If you need a little help go and cotact me.

Sooner or later you gonna lose everything.

If you are going to gamble, at least use a provable fair casino, and for such small amounts I think use altcoins would be better

Yeah gambling is the fastest way to earn and fastest way to loose too, and we all know that maximum number of times we will loose so its worst thing to do with your coins.

Yes you may be able to earn is gambling at the start you can may be double your btc but at the its all gonna reach zero thats my promise in gambling.No matter how much you have winned before that but you will eventually loose all at some point.

Those earnings would be even  of the cost of electricity he consumed  ;D so in short its a total waste of time. Im not discouraging the OP but he had a very terrible stragedy income add on the martingale as you said, those are pointless techniques youll still lose in the end. your 1 month earning $10 would gone in a blink of an eye then youll better start crying. :'(

yes you can earn your pocket money from a signature campaign very easily and steadely.

Yup signature campaign is really good source of income for the youngsters who wants to earn money on their own and it will definitely take care of their basic stuffs.

Sorry, but that is a really bad method, in fact, it is not a method, it is just gambling with the little amount of money you got from faucets. 700- 800 satoshi is smaller than the amount you can get from faucets. Some faucets give you 2500 every withdraw per hour, the low end acceptable amount is 500 satoshi per 30 minutes - 1000 satoshis per 1 hour. If you use referals and withdraw from more faucets you can get about 10$ per 10 days or even 7 days. If you think you are lucky you can then gamble with martingale strategy and try to earn something from it. You can also enroll signature campaigns to earn some extra money.

Gambling would never help you grow your bitcoins, the $10 earned hardly from faucets and referrals should not be wasted in gambling even if you use martingale strategy you will just lose that amount and then you will have nothing else to do but to regret.

I think gambling would not be a good idea to have a good steady income because it just depend on luck whether you win or lose. Also, I've tried Martingale Method before and even if I have a big starting capital, it just doesn't work because time will come when you will have string of losses and you will not be able to double it up anymore and then realize that you lost all your earnings. It is better to find other ways of earning aside from gambling to have a good steady income.

Where are you from? Faucet is a steady income but gambling the slot machine is not. Martingale system does not work because house edge. I recommend gambling with other types of games (sports, betting)

If you are trying to make an income like you say with that pathetic amount of 0.0002 btc (mine you its the cost of this post I am writing now from my signature campaign) it will not bring you that far.
Let me make it clear for you that the best way to earn bitcoins is by working for bitcoins.

1. Gambling---- Too high risk for a newbie and even for an experienced one if he becomes addicted to it.
2. Facuets ----- Not worthy , unless you live in India and you can claim from faucet box(a rotator where you can claim more than 200-300 facuets there) this can be worth if done consistently but only in India.
3. Trading------ Who ever invites you to this have only done wrong as many of the traders in online platforms are plain losers.

4. Captcha solving---- There are websites like megatypers and 2captcha where you can win money and get paid in bitcoin , only you need to have fast typing skills.
5. If you have more skills than typing, go to xfreebitcoin website and check the jobs offered there for bitcoin.

6. Regarding signature campaign, minimum rank suggested is Full Member but best is to be at least Sr.Member to make a decent income from it.

Pretty much I have brought down to you all of the common options of how to make a steady income via bitcoin.

this is exactly what i tried doing when i was a newbie 2 years ago. i just lost my time and money and also got bad results in my class(geez i at least passed) anyway do not gambling with your money/coins , sooner or later it will only give you losses no matter how hard you plan

I am from South-Asia, and I think I am stopping with gambling, not good with statistical analysis to gamble.

Everyone gambles when they newly come to bitcoin because they think they can make huge profits with it, many of them leave it later when they see no profits in gambling but some people dont leave it on time and later they get addicted and keep losing their money every time.

I didnt do that thing ever since when i enter the bitcoin world, i just really hate gamble and anything relates to it. I would not intend to play  even on a single game. Im afraid i would get addicted to it but it depends on a person if he have a control to himself and a proper discipline so that you wont got easily be addicted to it.

Well, if you have prove it your self already that you are earning using your bot, you can continue with it, but I think you should make your bankroll big enough, actually the figures that you are sharing here are too small, 700+ an hour is too small..if you do it in 12 hours and your computer is open on 12 hours, your earning wont even pay atleast 5% of your power consumption...

Im a gambler and sorry to say gambling is not a steady income. You cant win in the long run and most of the time you will lose. Plus your using martingale, i consider it as a worst method.

you will never get a stable income on gambling, it's just a waste of time and will not get any advantage. signature campaign was the most stable income.

there's a simple rule for gambling: never gamble money you care about.
No matter what you think, you won't make any money from randomness. gambling is just randomness. they only people making money out of gambling are casino owners. find a skill and develop it. learn as much as possible and eventually you'll find a way to make money with a little effort. remember, there's no such thing as free money. and if it looks too good to be true, it is.

No one will actually get addicted if they dont play on regular basis, because i have experienced it myself.
I also used to gamble before but only for fun not by investing a lot of bitcoins to earn profits with it because i knew it is not the right way for it, and i never got addicted because i was playing just for fun and if i won that was just a reward.

You can't make a steady income out of gambling. Forget it.

And for faucets, like the others said; they are useless. They are even useless for their owners at the moment. Too many of them around. If a job can be done by everybody, it won't be a profitable job.

You can't make money without "knowledge".

Whatever you do which doesn't require knowledge/skills will not be profitable.

That sentence should be your guide in your life. If you are going to buy/sell stuff (trading) you do still need knowledge. If you are going to build a business you need the same. Clicking some links and gambling away is just a waste of time. You will be making money for somebody else.

I think your right but the problem is it needs a lot of time and you are just earning few bucks in signature campaign.
Blogging is the best make your own article about bitcoin do seo with your blog and add some advertisement to your site build back linking and make a large traffic to your site and earn money passively just update your site 3 times a week..

Writing an article about bitcoin or creating a blog is not a hard thing, but the hardest part is to add advertisement and to bring traffic to the blog.
A blog doesnt get ads until it gets almost some months old, and bringing traffic to a blog would not be easy without advertising your blog and for that you would need some investments.

its a step full of risk, i mean in one side we claim from faucets, the other side trying to make it double. i think its not work, but okay if there is people was succeed with this. in my opinion and my suggestion is why you not keep those bitcoin into your wallet and do not play multiplay? better you make a trading or even you can trying increase your rank on here, join signature campaign, then you can get steady income month by month.

it is just a full of risk for you.

Gambling is not a great method  to earn a steady income, you could lose all of your money. I would recommend trading, bitmex offers a platform that means you can trade with less than  100,000 satoshi, this is probably a better way to earn a steady income compared to gambling.

Yeah, indeed trading better than gambling in my opinion. And with trading we can manage risk well. Unlike the gambling that only rely on luck. haha
But in my opinion, trading can not be used as a  fixed income. Because trading profits can not be predicted. Fixed income can be obtained from work :)

First of all, which type of Martin Gale are you using.
To answer you question more specifically, I would say that such a method wouldn't produce for you a steady income. After all, in the end it is just auto-gambling which you can never be sure whether you will win or not. So it may or may not be a steady source of income.

At the first place, gambling is not a source of income at all, for anyone, it is just the luck of some people who manage to win some bucks in gambling, otherwise you can ask all the gamblers as a research to know if who's winning percentage is more than his loses.

It's not really much of a method it is just luck you have been having that is all.

Surely the gamblers you would ask ,will answer the same question which is loss percentage  is higher than  winning percentage and thats very true we suffer losses  more rather than on winning  through gambling and thats reality. Theres no such steady income or profits in gambling since it only matter  on luck do you have and some sites take advantage to their players  making their site  not provably fair which is very bad for us players.

i think you can share methode about collect bitcoin trading
collect coin ico, collect altcoin
and is real true read only gamble dice and faucet
but is good share for newbie equal for me

Gambling never promises us profits, its just an pure luck that will make you win sometimes, but you cannot depend only on gambling for living, as you can never expect stable income from it.

In line with you, I was one of the people who do not like gambling. Because I was thinking in absolute gambling there is only luck and win lose. There is no strategy there, but there are some people who say if gambling were to be used martigale strategy and do not be greedy. But I think gambling is only going to spend our money in vain and made bookie rich.

The basic rule of gambling is that house always wins, may be you will win sometimes if you are really lucky on that day but in long run you will loose everything for sure.

NO
you can lose 1bitcoin if you do it, i have bad experience with gambling, use 1satosi martiangle then 1000 roll and i lose 0.1 btc

anyway i think better to move this thread to gambling sub forum

Yeah, and I think if we could get rich from gambling was very lucky. For as long as I know no one who truly rich from gambling bitcoin. Because it is difficult to guess the formula in gambling, and that strategy is only known by the owner.

Theres no such strategy in gambling and even those owners itself doesnt make any ways  or exploit techniques  on their site because it might be the reason for them to suffer bankruptcy in their business. Yes, theres no  rich in gambling exclude on those  winners on lottery for sure there are millionaires. Lottery is also gambling.

There is no strategy at all, even a owner does not know anything if he plays in his own casino because there is no trick or strategies that can make you win but those games are just made for gaining profit but not for providing profits, that is the reason why casinos never get bankrupt.

That's right, there is no strategy on gambling it's all about luck. So if you're planning to stick to gambling only to gain profits then i think that's the worst decision to do. Play other field like trading because it will give your more bitcoin rather than gambling.

Your method is pretty risky, you gamble your earnings from the faucet and that's so risky because you can lose it. Just collect your earnings and rank up your account to join a signature campaign

I don't think your method will really work, because it's depending in gambling, and tha&t's risky as known. It's better for you to collect your earnings from faucet and hold it in your wallet.

Yup Gambling is all risky in any kind of aspect because as I know many of the persons lost their money through gambling It would be risky and You can try to join best signature campaigns like bitmixer or bitx to get nice pay and the campaign is also running for long time.

no it will not when i was a starter i had some same plNs like this but after trying it i lost my money as everytime i did its simplys no one can beat the house edge and it only effects most at long run players

yes it would never managed to get a steady income from gambling, even games that do not have a house edge, such as sports betting it will remain difficult.

with gambling you can't earn, unless you are a poker professional :P .
freebitcoin is only a faucet with nice faucet system but that's it.
I think there are many other way to earn money and you can sell your skill easily!

All i can say that  it would be better if he/she stays away with those faucets because its really time consuming  and  it could gain you a little satohis out of it which is not worth for your time.The hardest part is when you gamble all your faucet earning and lose then  you would definitely cry because you made effort for nothing.

in a short term could be profitable, or even it's a good way to earn some satoshi, but in a long term this is a lose deal.

Every decision comes with its risk whether you like it or not but this your idea is the most risky one I have heard and I would advise you look into something else because not only you will lose everything but your time invested will be lost as well. I have tried it and I know it does not work for me but who knows it might work for you...

Never heard about poker professionals until now, nor that they manage to win a lot of profits with it, but surely can say that gambling has nothing for us as far as we are not the house, collect a lot of money and create your own casino and then you will be earning profits with that, not if you are gambling in someone else's casino.

Ive used  to be on those faucets before  when i was a newbie , i felt very happy even when  im earning  small amount of satoshis  im feeling contented but  when the time im learning into things i just realized that  those faucets are just a waste of your time actually but  i would still give thanks to that faucet thing because it help me on my journey in my bitcoin career because it  pursue me to find more  bigger earning jobs .

As a newbie everyone have started their journey with faucets as that time no one knows better ways of earning bitcoins and I think to earn steady income signature campaign is the best option.

Gambling seems to me just a game of luck which can not be a stable income. Even trading could not provide a fixed income, I think fixed income can be obtained by working. Working here is to work in real life and get paid every month. IMO

Gambling is not a way to get any income on daily, weekly or monthly basis, though trading can generate something for you but that is also not stable as sometimes you may get bigger profits and sometimes the profit is less and sometimes unfortunately you will earn nothing for days.
And working in real life is harder then working here if you have some technical skills.

Its up to us  if what thing would we do either we find a stable day job or  focus  on full time online on earning bitcoin. Income  here on online world is not  stable  compared to have a stable day job because  your earning online would depend on how much effort would you put into it.

If such a simplistic thing as Martingale method worked, everyone would be filthy rich by now. It's an old cliche, but the only way to make a steady living on a casino, is to open one yourself. Look for other ways to make money.

True, martingale method doesnt work in any gambling games because  its already an old method and  many sites  already busted that method. If  that thing could work then  theres no gambling sites would exist for sure because  they would definitely experience  bankruptcy.

don't think it will works, martingale method only works in calculation...

and main point is how much & how long you need to win back if you lost just once...

you have a point, martingale  does not work in any gambling games because even you gain a  little profit out of it   but when the times you suffer loss then its a long way  to cope up those  loss funds of yours. So in that case you would probably playing everyday  just  trying and hoping to win back  up your losses.

And in most cases gamblers lose everything with martingale strategy when they try to recover their loses because in martingale strategy when you lose a bet you will increase the bet amount to 200% if it is 100% before, and when you have 4 to 5 loses back to back then you will end up having nothing in your hands.

Exactly, its really very hard to cope up the losses especially when you are using the martingale strategy since you would  definitely  add or double the bet when you  lose a  single bet the same as you said then  if your unlucky you would suffer long losing streaks then if you calculate that   its impossible for you  to win back your losses.

Personally, i don't refer to do faucets, because in my view, it is time wasting and also you are waste your mind, because i have done it and i realize that i was wasting myself, so than i joined signature campaign and also i am doing trading,now i am earning very well from bitcoins, so i suggest you do something more than faucets like me. 

Find a job then you have a stable income :D . Just make it a sideline dude. For me even if i want to fulltime in earning bitcoin but my earnings is really to low so its just not make any sense to me so i just find a job (now i do have a job) then i make the bitcoin (signature campaigns) as a side line job because i also do making website so i do use bitcoin as payment if i buy a hosting and domain :)