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Author Topic: Would faucets be worth it if you thought Bitcoin will reach $1-10 million?  (Read 2944 times)
Mobius
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August 03, 2014, 03:54:18 PM
 #41

You'd still be better off getting a job and buying bitcoins with fiat in the same amount of time, unless you are somewhere in the world you literally earn 1c an hour
It would actually be much less then $0.01 per hour using faucets today.

In the time that faucets gave out 1 BTC per day, BTC was trading at much lower levels. The amount you could earn per hour was about the same when you convert the BTC to fiat.

You cannot and should not assume that the price of BTC is going to rise when you accept payment in BTC, you need to use the current value. If you think the price will rise, then you should use fiat and/or other goods/services to buy bitcoin via an exchange or via trading.
giveBTCpls
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August 03, 2014, 08:38:53 PM
 #42

How many new millionaires would pop outta nowhere if this happened? And how are we going to see even 1 million in our lifetimes?
I wish but my realistic big goal for the next 10 years or so is 10K. That would be pretty rad.

Benjig
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August 03, 2014, 09:00:11 PM
 #43

Good question, if im not wrong, i remember not long ago, faucets were giving 0.01 thats about 5 bucks today  Cheesy
harlenadler
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August 03, 2014, 09:14:22 PM
 #44

Good question, if im not wrong, i remember not long ago, faucets were giving 0.01 thats about 5 bucks today  Cheesy

Yep, but not anymore. You're not gonna get faucets that pay in mBTC these days, that's the difference. It's all based on ad revenue these days.

Newbies gotta look elsewhere than faucets. (Hint hint, go get your free STR and sell them to me Smiley)
Omikifuse
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August 03, 2014, 10:32:35 PM
 #45

coinlearn. They have pretty easy captcha and decent payment.


But I think the games and round still more effective. Not speaking about the marketplace.
silvestar
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August 04, 2014, 01:56:31 PM
 #46

coinlearn. They have pretty easy captcha and decent payment.

The payment may be decent at first, but it will get to a terribly slow rate in the end. Wink
https://bitcointalk.org/index.php?topic=435257.msg7804855#msg7804855
silvestar
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August 04, 2014, 01:56:58 PM
 #47

Nope, and others have already explained the reasons several times in this thread.

BTW, if bitcoin price reaches a million USD, it is very likely just because of a hyperinflation in USD.
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