Mistakes always happen, even for average/experts traders... Especially because it's an unpreditable market. The most recent mistake I committed was to buy Bitcoins when it was pricing about $14.000. 

I shouldn't have done that, but how could I know the price would drop so hard? 

Try to increase the rewards or to decrease countdown time.

5 satoshis every 360 minutes doesn't worth... The 500 satoshis bonus every 100 claims is very nice, but with such countdown time it will take ages.
Withdrawl limit could be removed too, instantly payments are better.

Good luck with your faucet.

What you say it's true. I think it's very interesting that when investing, we must take the risk by ourselves, no one is behind us, if we buy some BTCs or AltCoins and tomorrow their prices fall and we lose all our money, it's all over... But if we make profit, then we must share a piece of it with the government. Total advantage for only one side, right?  

Why isn't the government solidary in case of loss too?

And even in Crypto world, there are enthusiasts that feel offended if you put yourself against taxation.

It's true, with Lightning Network Bitcoin becomes unbeatable (at least until a new superior technology appears). It's easy to imagine, if with so many currently problems (slow transactions, expensive fees) Bitcoin is on the top, now imagine with a solution for these issues what will happen with BTC's price.

Nice achievement yours. To grow faucet earnings into 0.0015 BTC is really very difficult, especially at beggining. And what did you do with the 0.0015 BTC next, withdrew or played until losing all the bankroll?

The only bad aspect of playing this way is that it will take a lot of time to make some decent profit, as you said. Anyway, these days there aren't many options of "free sources" of satoshis to collect, so it's probably one of the best methods for who has free time and no money in the pocket.

It happens with start-ups, only accredited investors can have access to it, because of it:


But I don't know if it has any relation with ICO investments. If so, it's a pitty, as Crypto Currency came to give everyone the opportunity to invest, doesn't matter if you have $100 or $1.000.000. Maybe OP should provide some link about it for us.

No one knows how long it will take until this drop in price stops. Bad news from governments and its regulations affect the price a bit, but I think the main reason is that big holders are pushing the price down purposely, maybe to provoke panic selling in 'weak hands' holders, so they can buy coins cheaper, or they aren't satisfied with Bitcoins and want to move their money out of Crypto-Currency world until a more interesting currency appears or until Bitcoin improves the fees/transactions issues... I believe this is the main reason affecting BTC's price a lot.

Well, a real job isn't guarantee of anything. You can start for a month and be kicked out on the next month (very common situation in countries where the economy is weak). So you it's not very different from unstable Crypto jobs, and it doesn't guarantee any fixed income too.

Maybe you are referring to government employees? Those jobs which you must pass in a exam to be able to work. These jobs have security and guarantees, and I must agree those who work on them feel like semi-gods, as they can't be kicked out for any reason. Their work's quality is usually low where I live...

Promotions opportunities are everywhere, if you are a good worker you will have opportunities like that in real jobs or Crypto jobs.

Yearly hike in the salary isn't needed when you earn in BTCs. On long term Bitcoins worth more than any yearly hike in fiat.  

The last point I'm not sure if I got it, but recognition is applicable in Crypto jobs too, why not?

The point is that doesn't matter where you work, you need to manage well your money, save it and make it grow on long term, that is the only guarantee you can have for your future. Don't deposit all your hopes in public jobs, just because a government told you it works 100% and gives you 100% guarantee. After reading your post I reached to the conclusion Crypto jobs can be more advantageous than I imagined...

I believe they won't ban all Crypto-Currencies, but they can force a whole country to use the Crypto-Currency owned by that government, a centralized Crypto-Currency by the government. It would be a smart way to say they accept Crypto-Currency world, but don't accept how people are dealing with this nowadays.

If everyone accepts a regulation like that, it would affect decentralized side of Crypto world very negatively, the demand would decrease, so the prices would fall hard and we wouldn't have access to profitable investments anymore.

Besides transactions fees decreasing, there is another factor:

Now that BTC price dropped a lot, there is a good chance the volume of BTCs being gambled will increase, so the profit will increase as well.
I expect to see better returns from traditional casinos at this point, rather than usual 0.01%-0.02% profit we are seeing since the last weeks ago.

I was thinking about something...
Maybe the big holders are putting some pression by causing this crash to make developers add Lightning Network faster.
Once it's added, the price will skyrocket. What do you think?

No, if neither the communists or the religions were able to redistribute wealth, why would Bitcoin do this? There isn't equality in this world, because no one is equal to each other. Those who manage well their money and time will become richer, those wasting their money and time will continue poor... It's upon to each one of us to make the difference in our own life and to stop complaining how someone is richer than us.

Some people start playing these games, MMORPGs for an example, and after some time playing, guess what feature they find informally on these games? Gambling! Then you may ask, if people are playing these games for fun, why do they want to introduce a gambling game inside the online MMORPG game?

Seems it's inherent of human race, it's something very present in people's lives and everywhere they go, if they have the opportunity to practice this activity, they will.

There are many different ways to promote Bitcoins and if you have an active social life, to interact with many people every day can help a lot to promote Bitcoin. People who are in need for money tend to be easier to bring to Crypto-Currency world. Those who have an already well established life won't want to risk money, they are on their confort zone, harder to promote Bitcoin for them with success.

Talking to people directly is a good way to promote Bitcoins, as you know these people and they know you. The only negative point is that the range of this kind of advertisement isn't so big like online ones, which reach to much more people in less time.

Old people usually have youngs on the family (grandchildren). It would be the best way to introduce old people into Crypto world. Step by step grandchildren can teach and guide their grandparents into this world. As most old people don't know how to access internet and computers yet, the youngs should have to do most part of the job, explaining all the features (address, wallet, exchange, currencies, satoshis...). And executing the transactions.

Truly, it would be really hard. I think it's better the old ones just enter with the money, while the youngs enter with the practice. 

Really? Well, now I'm a bit confused about it, because that is what I have seen:


So, aren't personal advertisements considered ads?
Let's say someone is promoting a Crypto-Currency link (ICO, Binary Options...) on his personal page, then someone comes and report it. Does Facebook consider the report legit?

So for now you are safe to keep using Bitcoins, but you don't know for how long and what will happen in the future regard Crypto-Currencies...

The way you talk (still not banned, not yet banned...) isn't very optimistic. The government clearly isn't at Crypto-Currency's favour, they just don't know exactly yet what to do (total ban, heavy regulations, heavy regulations in parcery with other countries...), and that is what gives you time to keep using it normally. Many other countries are in similar situations, now it will depend how far the population is able to go to not accept a decision that will be harmful to Crypto-Currency.

That is it, we take the risk by ourselves, but if we have success we need to share our profit, very fair, no?

Depend the government. If it's a government that respects its people they won't abuse the citizens asking for pieces of the big profit's cake.
But in most countries they will ask for big pieces of cake and will go farest as possible to get it, if necessary.

It's the best business a parasitic government could ask for: No risk (for the government), high profit returns (in taxes), lots of money to steal and distribute to the miserable, so they can continue miserable, but very thankful to the government who gives them 'free money'.

Well, if the traders want a safe strategy, I think there isn't any problem by just holding. Why is it a wrong decision?
I think it's better than selling BTCs for cheap prices or to exchange the BTCs into an AltCoin or few of them.


Here you give some nice hints to investors about AltCoins. I think it's not a good idea to go full on with AltCoins, even if the project is very good. The focus is Bitcoin. AltCoins, like the name says, it's a secondary investment, maybe primarily only for those who want to risk a bit more (or much more, depending the AltCoin).


For me it was a big surprise to see BTC reaching lower than $10.000. I was very confident that was an unshakable support price. But you said something very right: When the price hits the support line many times and in short time period, it's not a good signal... Next time I will be more attentive about it.

Now I think we need to keep watching, for me the scenario is unpreditable. Taking the charts of previous moments in consideration, the price will pump sooner or later and Bitcoin won't disappoint us. I think it's more depending on whales, when they want they will push the price up. What do you think about it?

I agree and I support the idea. It's time to buy Bitcoins, it's time to push it up again... The coins are already cheap, very accessible for everyone, we don't need to see the market dropping even more to start buying and holding again. There are people waiting to see BTC pricing $5000 or even less to start buying, but they should be cautious about it, when the price pumps, it pumps without warnings, those who aren't holding anything will lose a golden opportunity.