poptok1 (OP)
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October 19, 2016, 01:02:27 PM Last edit: October 19, 2016, 05:15:04 PM by poptok1 |
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If you like BTC you have to use at least one faucet. EDB3 :o3Imagine when all of a sudden, all of us stopped using faucets, how the market cap would shrink along with the bitcoin price? I would say, a lot. I have no specific data ( if any ) on how much cap is consumed by micro-earnings, only speculations tell me that it can be more than 20%. In order to keep BTC demand at current rate, any one should use some form of micro-online-earning systems, so that faucet owners can keep buying more, resulting in steady/constant demand growth.
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amacar2
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October 19, 2016, 01:18:24 PM |
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I think the effect of faucet owners buying bitcoin to pay faucet users will not have any significant effect on marketcap and actually faucet was created on early days to distribute bitcoin for free so that other can test bitcoin and know it better. So basically faucet these days are just way for new members to grab few low amount of bitcoin to test how it works or for pocket money and few amount of profit to faucet owners from bitcoin adnetworks which sometimes is even lower than the amount owner have to pay to users.
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BitcoinHodler
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October 19, 2016, 01:35:50 PM |
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If you like BTC you have to use at least one faucet.
Imagine when all of a sudden, all of us stopped using faucets, how the market cap would shrink along with the bitcoin price? I would say, a lot. I have no specific data ( if any ) on how much cap is consumed by micro-earnings, only speculations tell me that it can be more than 20%. In order to keep BTC demand at current rate, any one should use some form of micro-online-earning systems, so that faucet owners can keep buying more, resulting in steady/constant demand growth.
i would have expected such a ridiculously wrong topic from a newbie member but not from a Sr. Member after 10 months of using bitcoin!!! the earning from faucets is too small that even if every single faucet stopped working today nothing would have changed in the world. the market ca is 15,929,964 BTC by the time of writing this and daily trade volume is 107,378 BTCand more importantly the estimated transaction volume was 294,468.5 BTC now do you honestly think the tiny amounts that faucets are dealing with which is not even 0.1 BTC per month can be compared to 294K bitcoin?!!! - all data was retrieved from coinmarketcap and blockchain.info edit (ps) 20% of this amount is 58,893.6 BTC which faucet owners combined can no even see in their dreams ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Holding Bitcoin More Every Day
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BillyBobJoe
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October 19, 2016, 01:40:27 PM |
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If faucets are what it takes for BTC to survive, thrive and go mainstream that is all the reason one would need to dump their holdings and forget about BTC. If you like BTC you have to use at least one faucet.
Imagine when all of a sudden, all of us stopped using faucets, how the market cap would shrink along with the bitcoin price? I would say, a lot. I have no specific data ( if any ) on how much cap is consumed by micro-earnings, only speculations tell me that it can be more than 20%. In order to keep BTC demand at current rate, any one should use some form of micro-online-earning systems, so that faucet owners can keep buying more, resulting in steady/constant demand growth.
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iv4n
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October 19, 2016, 02:15:30 PM |
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OP is little wrong here, market cap from micro section is not that high I believe. Not to mention some good casino that have more money involved every day than micro section for a month. I doubt in speculation that micro earning section have more then 20 % in bitcoin market cap, that is too much. That are faucets, how many active faucets there is. And how many claims one faucet need to have to give just 1 bitcoin? When you see it like that, my speculation is that micro earning section have less then 1 % market cap.
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Betwrong
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October 19, 2016, 02:26:46 PM |
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I voted rather BS but I agree with the Nonsense option too. Whatever the number of faucets might be the amount you can claim is so small that no way it would influence the market cap in any significant way if all the faucets would disappear at once.
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BrewMaster
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October 19, 2016, 02:30:21 PM |
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it is not rather BS but it is fully BS because you are dreaming about the volume these faucets are handling which is really really small because of the amount they earn and also the amount they pay.
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There is a FOMO brewing...
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~Bitcoin~
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October 19, 2016, 02:49:59 PM |
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What is number of bitcoin in total all faucets may pay to users everyday ? --- around 10 Bitcoin and so total marketcap that may come from faucet owners will be 10 bitcoin and in that also most of the bitcoin almost 100% or more than that come to owners pocket from ads so i am not seeing any new money flowing towards bitcoin market cap through faucet owners.
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Kprawn
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October 19, 2016, 03:19:37 PM |
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You would get different responses to this question... The wealthy people think faucets are a waste of time and the poor think it is FREE money and Manna from heaven. { Did I spell that right? .. Manna } ... The main goal of the first faucets, was to distribute small amounts of bitcoins to people, to introduce them to the currency and the technology. These days, it has grown into a massive money making method for a select few, and some sort of income for the very poor. I am one of the few, who seem to think, if faucets was used in the correct manner, it would still stimulate adoption. { I would rather want alternatives where people perform micro tasks for small rewards, but this is something for the future, when side chains and off-chain tx's become the norm. } I will accept any method to place bitcoin into people's hands. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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bitdumper
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October 19, 2016, 03:32:45 PM |
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i think the whole topic is nothing but nonsense faucets are made to distribute btc and to get some in return by the website traffic but their constant flow is actully a small cycle or servic which is only helping to spread btc thats all none of the market cap will effeft with this tiny stuff
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hasiramasenju
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October 19, 2016, 03:36:43 PM |
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faucets only small part of bitcoin and in my opinion if there are no people using faucet again that only have effect for the faucets owners not for the market cap indeed faucet owners always buying bitcoin for recharge their faucet but that only small transaction if we compare from exchange activities from buying and selling bitcoin and there are plenty bigger transactions in trading and from other activities who related bitcoin so even though in the future there is no more faucet i think that would not have effect for bitcoin and the price
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Junko
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October 19, 2016, 03:50:56 PM |
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Faucets have a place, but the survival of bitcoin is in no way dependent on faucets.
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Taki
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October 19, 2016, 03:55:39 PM |
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I gave up about faucets long time ago. Because of one week of daily updating pages and watching it's commercilas bringed me the same money that I make today with couple of comment's. I am for faucets only in the beggining of your registration here on this site, first month you are nobody here and only in a month you get your first rank of newbie and can start to make your coins. So to not waist that first month make at least something with faucets. I don't know any faucet sites that brings really good money, if someone know, please write here ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Kprawn
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October 19, 2016, 03:55:56 PM |
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i think the whole topic is nothing but nonsense faucets are made to distribute btc and to get some in return by the website traffic but their constant flow is actully a small cycle or servic which is only helping to spread btc thats all none of the market cap will effeft with this tiny stuff
Really? I have to say... I beg to differ. Freebitco.in have 3,218,256. Registered Users { Ok, Most might be duplicates or idle } but it's still a lot of people using some kind of Bitcoin based system. To top that, this faucet have paid out 68 293 bitcoins since it started a few years ago. This is only one faucet.... { well one of the biggest } but you get the idea. There are currently 1 000's of other faucets, paying millions of Satoshi's every day, to people all over the world. Do not underestimate the amount of money going through these faucets daily. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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septiumwolf
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October 19, 2016, 03:57:58 PM |
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I gave up about faucets long time ago. Because of one week of daily updating pages and watching it's commercilas bringed me the same money that I make today with couple of comment's. I am for faucets only in the beggining of your registration here on this site, first month you are nobody here and only in a month you get your first rank of newbie and can start to make your coins. So to not waist that first month make at least something with faucets. I don't know any faucet sites that brings really good money, if someone know, please write here ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I agree with this guy. I just started in the bitcoin community. I also looked up some faucet that can produce free bitcoin. But the more I use it, the more I think that this is not worth it. I think it will be better for me to invest on my knowledge regarding bitcoin and so on. As how to make money as the newbie (like me).. I don't know. I'm still looking for efficient way.
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wintermeasures
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October 19, 2016, 04:01:09 PM |
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If you like BTC you have to use at least one faucet.
Imagine when all of a sudden, all of us stopped using faucets, how the market cap would shrink along with the bitcoin price? I would say, a lot. I have no specific data ( if any ) on how much cap is consumed by micro-earnings, only speculations tell me that it can be more than 20%. In order to keep BTC demand at current rate, any one should use some form of micro-online-earning systems, so that faucet owners can keep buying more, resulting in steady/constant demand growth.
According to me I Don't think that It Affects the Demand and Supply of Bitcoins and According to me Claiming Bitcoins From a Faucet is Just Wastage of Time..... On Faucets We Don't Earn Much Bitcoins and I Prefer to Use Signature Campigns For Better Earnings.....
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btcdevil
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October 19, 2016, 04:03:20 PM |
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If you like BTC you have to use at least one faucet.
Imagine when all of a sudden, all of us stopped using faucets, how the market cap would shrink along with the bitcoin price? I would say, a lot. I have no specific data ( if any ) on how much cap is consumed by micro-earnings, only speculations tell me that it can be more than 20%. In order to keep BTC demand at current rate, any one should use some form of micro-online-earning systems, so that faucet owners can keep buying more, resulting in steady/constant demand growth.
i would have expected such a ridiculously wrong topic from a newbie member but not from a Sr. Member after 10 months of using bitcoin!!! the earning from faucets is too small that even if every single faucet stopped working today nothing would have changed in the world. the market ca is 15,929,964 BTC by the time of writing this and daily trade volume is 107,378 BTCand more importantly the estimated transaction volume was 294,468.5 BTC now do you honestly think the tiny amounts that faucets are dealing with which is not even 0.1 BTC per month can be compared to 294K bitcoin?!!! - all data was retrieved from coinmarketcap and blockchain.info edit (ps) 20% of this amount is 58,893.6 BTC which faucet owners combined can no even see in their dreams ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I totally agree with you that a Sr.Member is asking this type of question, by this we come to know that all Sr.Memer are not fully technically knolwedged about bitcoin and its functions. This is because their are so many users who are buying the high accounts to join Signature campaign. You are telling about 20% but i tell that even 2% of the share is no even seen in their dreams by the faucet owner. Faucet is just for time pass not the main stream of income.
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raphma
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October 19, 2016, 04:03:37 PM |
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chill guys, faucet is needed for bitcoin world. like it or not, most of the new users comes from a faucet, the idea of making easy money on internet always worked as a good advertising for bitcoin.
is true? is it easy money? of course not.. you will need to work A LOT to achieve a significant amount(by significant read 0.1 lol) so it isnt good to earn bitcoin, but still good advertising for bitcoin.
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dothebeats
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October 19, 2016, 04:17:44 PM |
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Faucets might be a small part of the entire bitcoin market but still it is a part of it somehow. I agree on the part that one way or another we 'have' to use faucets and that thing or instance is only for us to 'experience' how everything works around bitcoins, nothing more. We don't or we won't even see a few mBTC in our wallets by using only faucets and even if you have thousands of those, I guarantee you, you will just waste your time. Also, even if all of the faucets closed abruptly, it wouldn't even make a dent on the whole marketcap. It's like a single grain of salt removed in a whole salt factory.
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Aamir1
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October 19, 2016, 04:24:07 PM |
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If you like BTC you have to use at least one faucet.
Imagine when all of a sudden, all of us stopped using faucets, how the market cap would shrink along with the bitcoin price? I would say, a lot. I have no specific data ( if any ) on how much cap is consumed by micro-earnings, only speculations tell me that it can be more than 20%. In order to keep BTC demand at current rate, any one should use some form of micro-online-earning systems, so that faucet owners can keep buying more, resulting in steady/constant demand growth.
The marketcap consumed by micro-earnings or faucets which is 20% or whatever will probably add up to some other thing if people stop using them or they disappear as the demand of bitcoin is already a lot in the community and none of them are willing to choose micro-earnings to fulfill their demands.
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