suppose you sign in many faucet websites, stay online for approximately 15 hours a day for a week. raping the faucet cashout and captcha solving MANUALLY. no bots involved.
how much will you earn at the end of the week?
i have been trying to understand faucets. how much you can make out of faucets a week. every person will have a different answer since there over a dozen if not more faucet websites that you can earn.
taking into consideration that we are spending 15hours on btc and ltc faucets altogether for 7 days in a row.
I have done faucets quite seriously, although not as much as 15 hours and not for 7 days. My maximum has been around 0.0015 BTC in a day, so doing a rough estimate I think you can perhaps get 0.01 or so a week |
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Almost always I come into my account to see if I reached the minimum payout, there is a halving.  Anyone using RDP main as an alternative to scrypt.cc? |
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A sentence for life is probably too much. But still, I think you have to take care when you sell something as delicate as drugs for people who are sick.
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So, instead of trusting the other person you trust in the escrow person (who has a lot more reputation, but still can run away with the money). Am I right?
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Someone recommended BtcPop some days ago. There are highly trusted people there who seem to return their loans with interest. But my advice (as always) is to put in a bit and see how it goes before risking a lot of money.
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I was introduced into Bitcoin about only half a year ago, and I have read so much "Bitcoin is dead" news in that time that I do not pay much attention to them.
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It is good that they consider it in the same league as regular money |
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I used to Arbitrage extremely well selling to CampBX, there was literally $40/BTC discrepancies between them and other exchanges. Plus I had an investor from India who trusted me, which was a blessing.
That's great to hear then! At topic: Yes arbitrage is possible.. There are trading platforms that offers free arbitrage program like the one I'm using right now. You can check out their arbitrage program here: http://www.ecoin.eu/en/arbitrage/indexCan you expand a bit on that, how does that arbitrage program work? Do you need knowledge to benefit from it? You actually just need some common sense (no pun intended) to know how arbitrage works. Yet, there are several types of arbitrage that goes with the market. It's just like bidding. The highest one wins. Hope you get my point. Thanks! I have researched a bit since I posted the question, and found that it is really simple... Just profitting from the difference in price among different exchanges. As you said, common sense. |
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Buying? I am more prone to sell now that it has raised a little. I think it will probably go down to 200 or less...
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What are some unique ways? innovative ways you can buy or sell bitcoin ? Just curious
You can buy them on purse.io using amazon gift cards. |
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Hello Omega
I am no trading expert in crypto, although I did it for some time with stocks some years ago. In my opinion you learn a lot just from trying and learning what the chart means, learning to limit buy and sell orders etc, and cryptos are a GREAT opportunity for learning without risking significant money.
If I were in your place I would start with 0.001 or so and try for a week or two at first. As you try and start, you will get ideas for creating a spreadsheet to record your tradings and calculating price averages, profits, fees and all that. Then you can decide to invest more.
As for day trading or not, I think one can risk day trading with these (low) amounts of money to see how it is like. I remember doing that when I sold/bought stocks. I would do something as checking the day before chart and putting an order to buy at a reasonable price, then (when the order fired) I would calculate a minimum profit (between 0-1%) and put a sell order for that price. If the price went down instead of up, I would decide whether to buy again to compensate or accepting loss. This method more or less worked except for some moments that prices would just go down and down with no fluctuation. I bought and sold in about 200-500$ increments (with the fees it was the only way of gettin profit) but with cryptos you can risk much less and try.
I have applied the same to crypto in the LTC/BTC pair for some days, but I decided to quit trading as I felt a little obsessed with prices and thinking about it and wanted to have some peace of mind.
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i scrape altcoins exchange rates. then chilling out on sofa and checking ooportunities with android app i mentioned above
Thank you very much, it is very kind of you revealing all this  |
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I do not think that arbitrage might be possible if you move funds. As some other fellow posters say, you have to fund both accounts.
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Well, a killer app might be one that provided a facebook client in such a way that receiving a "like" earned you some satoshis. Then the app could have a "spend your satoshis" section, showing games (or other apps) you could buy with Bitcoin.
Just brainstorming
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i am using multi-coins platform like poloniex.com
there i can find form time to time triangular arbitrage possiblities. all transactions i perform everything on same site.
because if you will transger coins from one to another surely it will take time to catch discrepancy
How do you find the arbitrage possibilities? Do you use an excell sheet or something? |
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My strategy at trading is get low profit (5%-10%) learn more about cryptocurrency news, buy at red line waiting good news, after pump sell it  Well, this is a good strategy at last, after reading lots and lots of just "buy low sell high" stuff. Thanks! |
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A good way to minimize the risks is not invest real money (or invest a little amount).
With some efforts you can earn bitcoin from faucets, forum signature campaigns, glambling (not recomended), trades, etc...
After achieve a good bitcoins amount you could invest It. If you lose all, you don't lose your money.
I agree with you, and that is precisely what I am doing. However, we must also remember that time is money, and sometimes faucets are not worth our time. But certainly it is better than spending hours doing nothing. Fauceting and investing can make you gain knowledge that is above the potential earnings. |
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Looks like another altcoin more. The post in the forum does not even offer any novelties over other altcoins.
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And probably there are lots of people searching for addresses there containing Bitcoin, so possibilities reduce...
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I agree it would require centralization, and I don't think they will go through the pain of putting it to work.
It is doubtful that they work hard to impose an unpopular measure like that.
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