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Author Topic: how to explain bitcoin advantage ??  (Read 4972 times)
pawanjain
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January 29, 2017, 03:21:10 AM
 #1

I am.thinking to start my own site
1) for bitcoin faucets
2) bitcoin news
but it needs much amount of money , I think it takes about $50 to start at its best .

Since i am not a earner , so I asked  for money to my brother , but he didn't understanding the bitcoin advantage .
Now here give suggestions that how to explain my brother for the bitcoin work and its advantage and making him to invest in my project of bitcoin .
thanks in advance Sad


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January 29, 2017, 03:39:16 AM
 #2

1) for bitcoin faucets
2) bitcoin news

if these two are the things you have in mind then it is best that yor brother didn't help you.
because
1) owning a faucet is not better than using a faucet. it is not going to make you any money, and mostly it is waste of your time
2) there are enough news sites that know how to get traffic, your news site will never come up and you will end up click-bait-posting to generate traffic and finally give up. again waste of your time.

i don't want to disappoint you but you better think of other things.


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January 29, 2017, 03:46:30 AM
 #3

More important than explaining bitcoin to your brother, you should explain to him how your website will earn money. As an investor, I am sure he is keen to know if your website is feasible and profitable in the long run.

Also, 50$ is a small amount. You can easily earn it if you join a signature campaign. You can do it while you are coding your website since your expenses will only come when you set up domain amd hosting. Then the profit of your site will be all yours.

To answer your question, the bitcoin is a decentralized currency unlike fiat. Fiat value decrease everytime the government print more money, and they are printing more and more. Bitcoin does not inflate because of its finite number of bitcoins. Just like gold, it will get more valuable as more people adopt bitcoin.


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January 29, 2017, 03:48:16 AM
 #4

You'll be your own bank. You'll never pay anyone a fee other than tiny miner's fees. You'll never have to worry about any charge backs (probably not relevant to your post lol). For faucets it's the only way to go really. How else would you sent $1 across the world with a minimal fee!?














 

 

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January 29, 2017, 03:52:59 AM
 #5

Advantages over what exactly? if you think bitcoin at current state has any significant advantage if adopted and used other than mere profit in trading better think again. you could really convince someone a decade from now when people are more open to internet in general.

Tell him this: 6 months ago bitcoin price was under $500 but now is above $900 good luck.

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January 29, 2017, 04:01:03 AM
 #6

I am.thinking to start my own site
1) for bitcoin faucets
2) bitcoin news
but it needs much amount of money , I think it takes about $50 to start at its best .

Since i am not a earner , so I asked  for money to my brother , but he didn't understanding the bitcoin advantage .
Now here give suggestions that how to explain my brother for the bitcoin work and its advantage and making him to invest in my project of bitcoin .
thanks in advance Sad

What's been quoted is very small part of bitcoin's advantage. Better try to learn more through different sources and news articles. You'll explore a lot other than the faucets and related things. Then explain, you'll have a good idea that what needs to be prioritized while explaining to your brother or someone else.

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January 29, 2017, 04:05:10 AM
 #7

I am.thinking to start my own site
1) for bitcoin faucets
2) bitcoin news
but it needs much amount of money , I think it takes about $50 to start at its best .
1. Running bitcoin faucets is no more profitable due to high bitcoin price and low revenue from adnetwork.
2. Bitcoin news site may get some success but you need to hire writer if you don't have writing skills because you can't just copy/paste news/article from other media outlet.
3. $50 will be only enough to buy domain and hosting, there will be lot more running cost in future.

Better you start bitcoin news site not faucet. To ask money from brother, show him how much coindesk, cointelegraph is making with ads (however you mayn't earn that much  Grin).

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January 29, 2017, 04:13:13 AM
 #8

It would not be easy to explain to your brother since the information is written in the internet, you should tell to your brother what is your aim in making a site. If you are doing it for a possible profit in return, tell him about it, if he is a computer and internet literate, it would be easy for him to understand, and who knows, you might convince him to work with you.

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January 29, 2017, 04:13:35 AM
 #9

if you want to make faucets, maybe you could try to offer the service to make altcoins faucets for a fair price

there are lots of ICO coins around, I guess there is some demand for such service, but I'm not sure what would be the competition



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January 29, 2017, 04:19:11 AM
 #10

I am.thinking to start my own site
1) for bitcoin faucets
2) bitcoin news
but it needs much amount of money , I think it takes about $50 to start at its best .

Since i am not a earner , so I asked  for money to my brother , but he didn't understanding the bitcoin advantage .
Now here give suggestions that how to explain my brother for the bitcoin work and its advantage and making him to invest in my project of bitcoin .
thanks in advance Sad

you trying to explain about what is bitcoin, how good bitcoin for investment, how we can have bitcoin for free, what will the future for bitcoin,  and else. since you know bitcoin than your brother, i think you can explain with good and i think after your brother know about bitcoin, he will understand and he want to make invest in your project. its good to start with $50, you need to maintain your sites and gives unique bitcoin news than other sites so good luck OP, get your success with your sites.

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January 29, 2017, 04:26:41 AM
 #11

I think you do not need to explain Bitcoin to your brother in order for him to finance your project, instead you should explain your plan of generating profit thru site ads. That will make your brother get interested since I am sure, you target in creating faucet is to get a good traffic and apply it to some ads paying company. 



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January 29, 2017, 04:32:38 AM
 #12

I am.thinking to start my own site
1) for bitcoin faucets
2) bitcoin news
but it needs much amount of money , I think it takes about $50 to start at its best .

Since i am not a earner , so I asked  for money to my brother , but he didn't understanding the bitcoin advantage .
Now here give suggestions that how to explain my brother for the bitcoin work and its advantage and making him to invest in my project of bitcoin .
thanks in advance Sad
create their own faucet sites will not give money to you, you just get money from the ads on the site, maybe you don't benefit from creating a site faucet.
it would be better if you use your own money to make the site because makes site it's easy, and other people already exist that make sites bitcoin news

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January 29, 2017, 04:47:37 AM
 #13

I think you are mixing two things together, Bitcoin related business (Faucet) and Bitcoin economics. I would advise you not to go into faucet business, the economics is not strong again and one bots can attack your business and take all your BTC. Another thing is that $50 is not enough to run a successful online Bitcoin news outlet

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January 29, 2017, 05:10:24 AM
 #14

I am.thinking to start my own site
1) for bitcoin faucets
2) bitcoin news
but it needs much amount of money , I think it takes about $50 to start at its best .

Since i am not a earner , so I asked  for money to my brother , but he didn't understanding the bitcoin advantage .
Now here give suggestions that how to explain my brother for the bitcoin work and its advantage and making him to invest in my project of bitcoin .
thanks in advance Sad
I would suggest to let  your brother join the forum for him to see the success of other people who has bitcoin related sites.
And if I were you, if he don't really like your idea then ask for money to your mom or to your dad. When you started and have result already then show this to your brother that time he might join you.

.

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RhodaGila
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January 29, 2017, 05:43:23 AM
 #15

Well, I happened also was planning this. Creating a site like this with its own domain. Actually, I have purchased domain but are still confused as to what would be made. During this time I still use a free domain name and when I use my own domain I think it would be great.
I will try to follow the thread of this, who knows there is little information or insight as my inspiration to fill the content of the site  Wink


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pooya87
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January 29, 2017, 05:44:26 AM
 #16

I am.thinking to start my own site
1) for bitcoin faucets
2) bitcoin news
but it needs much amount of money , I think it takes about $50 to start at its best .
~

you can't because from your post it is clear that you don't know the first thing about bitcoin advantage. and what you want to talk about has nothing to do with bitcoin and its advantage or disadvantages!

you are asking for money (from someone else, your brother or anyone) which means you should talk to them about how your business (website) can be success (which if you as me it can not be). if you can convince them that your website is profitable then you can hope for them to give you money!

noormcs5
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January 29, 2017, 06:10:44 AM
 #17

if you want to make faucets, maybe you could try to offer the service to make altcoins faucets for a fair price

there are lots of ICO coins around, I guess there is some demand for such service, but I'm not sure what would be the competition

Altcoins faucets may not be profitable. A better option is to make a bitcoin faucet and give satoshis per claim. This will make the faucet site popular in no time. You can place google Ads on your site to earn from advertisements.

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Lord Jerry
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Hello!


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January 29, 2017, 06:26:54 AM
 #18

Starting a bitcoin related website is a great idea! It is a fast growing topic and will gather more and more interest as bitcoin becomes more mainstream in the future. But, as with all websites/blogs, there is no such thing as easy money and it will require a lot of time and dedication.
A general blog will fail. Find a sub topic and become an expert on it. If you are truly dedicated and interested in going ahead with this then it shouldn't be too hard to hit your bro up for 50 bucks:

First spend a few days on a free website thing like wordpress.com and work on your blog. This will give you an indication of whether you are on the right track or not. Besides, you could continue on wpress for free!

Once it looks good talk to your brother and give him a background of bitcoin: its vision, its current value from humble beginnings etc.Then talk about blogging and how interested you are in doing this. Do not talk about Quick profits. Outline your blog, and what your focus will be. Show him some adwords results for keywords you will be using. Talk about potential affilliates and add revenues etc. Show him your wp blog and explain that you would like your own domain and need 50 bucks to follow your dreams.


Good luck!

fasdorcas
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January 29, 2017, 07:49:31 AM
 #19

i think you should not have to rely on your brother and you have to earn it from your own to start it and if you start earning and he will see your income he will gave you that money to start your own money because he developed its trust on you......

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Mr.grin
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January 29, 2017, 08:18:08 AM
 #20

Well, so much to gain bitcoin. if you want to explain it, you just need to say that to start a business with bitcoin, you do not need capital, most importantly, you're at it well. besides, if you want fast, you just need a little money, and you can turn that into a lot of money if you are already proficient in bitcoin trading.


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