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Author Topic: how to explain bitcoin advantage ??  (Read 4974 times)
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January 29, 2017, 08:25:55 AM
 #21

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.

using Google AdSense for a faucet is against their terms of services and if they find out they will ban you so fast. they don't even accept your site if it is a faucet. the only place that got away with it for a long time was the freebitco.in and they were caught eventually and google blocked their account.
other ad networks are not so good either, which makes faucets a very low earning potential site to invest your money and time in.

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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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January 29, 2017, 08:46:19 AM
 #22

Your suggestion seems very good, but if you want to tell about bitcoin should need patience to guide him to trade bitcoin, or there is a free site especially developed for believing that bitcoin is very profitable.

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January 29, 2017, 08:49:18 AM
 #23

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.

using Google AdSense for a faucet is against their terms of services and if they find out they will ban you so fast. they don't even accept your site if it is a faucet. the only place that got away with it for a long time was the freebitco.in and they were caught eventually and google blocked their account.
other ad networks are not so good either, which makes faucets a very low earning potential site to invest your money and time in.

Instead of creating a faucet that gives away satoshis per captcha it is much better to create an exchange site. If you establish an exchange site you will really earn from fees that the traders make. Even small exchangers earn big amount of bitcoin daily and all you need is the technology and the website and also best promotion materials to encourage users to use your site.

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January 29, 2017, 08:52:17 AM
 #24

I don't think faucet is such a nice investment. Anyway to explain your brother about Bitcoins, firstly show him a chart of how it was 10 cents per coin to now 900+. Explain him about the decentralised features. Also show him the security features, and Bitcoin is more secured. I would suggest you to think something else instead of a facuets side. It's already crowded, think something else. Also invite your brother here to understand about Bitcoins better.

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January 29, 2017, 09:23:40 AM
 #25

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.

using Google AdSense for a faucet is against their terms of services and if they find out they will ban you so fast. they don't even accept your site if it is a faucet. the only place that got away with it for a long time was the freebitco.in and they were caught eventually and google blocked their account.
other ad networks are not so good either, which makes faucets a very low earning potential site to invest your money and time in.

Instead of creating a faucet that gives away satoshis per captcha it is much better to create an exchange site. If you establish an exchange site you will really earn from fees that the traders make. Even small exchangers earn big amount of bitcoin daily and all you need is the technology and the website and also best promotion materials to encourage users to use your site.

Honestly, I think that faucets are a method to keep people away from bitcoin.
The amount of money that can be earned sometimes does not even cover the costs for electricity.
Most people then role their eyes and say something like: 'and that's what bitcoin are good for? No thanks...'
To introduce bitcoin, you have to point out the real advantages.
I think those are mainly the anonymity and the possibility of a big increase in price.

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January 29, 2017, 09:39:19 AM
 #26

If you can not come up with $50 on your own, then you should probable not run a faucet site. And also i can not see how you want to compete as a news site with your english. If you can not figure out the advantages of Bitcoin for yourself, then both ideas are not what i would recommend.

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January 29, 2017, 10:34:14 AM
 #27

Instead of creating a faucet that gives away satoshis per captcha it is much better to create an exchange site. If you establish an exchange site you will really earn from fees that the traders make. Even small exchangers earn big amount of bitcoin daily and all you need is the technology and the website and also best promotion materials to encourage users to use your site.

starting a real business is not as easy as you may think and it certainly would need a lot more than $50 that OP doesn't even have yet.
and when you want to start a business that already exists, such as an exchange service then things become even harder because of the competition, anyone who is trading anything already is using an exchange that they trust. in other words they won't switch over to a new service without trust.














 

 

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January 29, 2017, 10:45:10 AM
 #28

To my opinion the greatest advantage is independency. If you can earn suficient amount of Bitcoins you can be fuly independent from banks and their products. You can also explain how Bitcoin is easy to use and that is available to its users everywhere where they have internet access.
But there are many sites like you are planing to open, so good luck with that.

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January 29, 2017, 11:20:51 AM
 #29

Bitcoin has many advantages, but you have to be familiar about it before explaining about it to your brother. Why don't you create a blog,write a content about bitcoin and start marketing on free services like facebook and twitter. Once after increasing your alexa rank go for advertising options, in this you will make more money through advertising.


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January 29, 2017, 11:32:21 AM
 #30

Instead of creating a faucet that gives away satoshis per captcha it is much better to create an exchange site. If you establish an exchange site you will really earn from fees that the traders make. Even small exchangers earn big amount of bitcoin daily and all you need is the technology and the website and also best promotion materials to encourage users to use your site.

starting a real business is not as easy as you may think and it certainly would need a lot more than $50 that OP doesn't even have yet.
and when you want to start a business that already exists, such as an exchange service then things become even harder because of the competition, anyone who is trading anything already is using an exchange that they trust. in other words they won't switch over to a new service without trust.
Building an exchange site would really cost you much money and its not cheap as i know and you are right competition is high since there are lots of exchanges do exist today which means your exchanger its either would be used or not because people will surely go to the most reputable ones.

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January 29, 2017, 12:18:43 PM
 #31

You do not have to explain bitcoin as an alien to your brother. You only tell him that you are starting a website and for that you need some money to buy a domain and to buy a hosting server online. So he will pay you that money and then you can convert them to bitcoin and when he want to inquire the way you are going then tell him that it is online currency and for buying domain and hosting etc you have to convert these money to bitcoin currency.

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January 29, 2017, 12:50:21 PM
 #32

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 don't think you need to explain anything to him in the first place because if I understand you correctly you are only trying to explain to him because you need a loan and if that's correct then there are several ways in getting a loan which you wouldn't have to explain Bitcoin advantage to the loaner. Secondly if all you need is 50$ then that isn't much money to get so why don't you get a temporal job for that amount before you start your faucet?

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January 29, 2017, 01:25:37 PM
 #33

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

Just let him know you'd repay him after you earn a hundred, just promise him 100%. with $50 you can already buy a cheap hosting along with a domain of your choice. I'm just not sure how you could earn much with it unless you have some money to promote it as well. Why not try earning from the forum and also promote your site here and social media site groups related to bitcoin. Your real audience target are in the facebook groups because that's where they are.

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January 29, 2017, 01:52:58 PM
 #34

Bitcoin is such website which take only few time and regarding this it give currencies. initially we have to spent our time in free for few days.

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January 29, 2017, 01:59:36 PM
 #35

I see only one way for your case. If you tried to explain bitcoin to your brother and he didn't get it, must be he is just not interested at all or you used some hard and professional way for explaining bitcoin.
My advice - ask him for this 50$ and promise him to bring him back 100$ in some time. That's it.
Wish you luck.
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January 29, 2017, 02:01:36 PM
 #36

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.

for number 1, I think it is right. for number 2 , I think it does not matter, really. if the articles are good, then he can get many visitors, or probably he can write bitcoin articles for an owner of a site or platform, then he will get bitcoin, it will not cost money.

to explain bitcoin advantages to your brother, you better google it because I do not know what advantages exactly you mean. just think about your brother background, then explain to him what advantage of bitcoin he can understand because there are many advantages of bitcoin, in economy, math, technology, etc.


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January 29, 2017, 02:05:46 PM
 #37

If your brother know about online work and about web administration then it will not be hard for you to explain about bitcoin to him. If he want to earn some online money then tell him about the ways of how to earn money with bitcoin. You can also explain it to him without any hard work if you bring him to this forum and tell him that he can get all the info about bitcoin and about its benefits.


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January 29, 2017, 02:11:35 PM
 #38

The response in this thread is ridiculous.

I see only one way for your case. If you tried to explain bitcoin to your brother and he didn't get it, must be he is just not interested at all or you used some hard and professional way for explaining bitcoin.
My advice - ask him for this 50$ and promise him to bring him back 100$ in some time. That's it.
Wish you luck.

OP was asking for an explanation to make his brother lend him $50 and your answer was to ask him for $50.



You do not have to explain bitcoin as an alien to your brother. You only tell him that you are starting a website and for that you need some money to buy a domain and to buy a hosting server online. So he will pay you that money and then you can convert them to bitcoin and when he want to inquire the way you are going then tell him that it is online currency and for buying domain and hosting etc you have to convert these money to bitcoin currency.

You don't think he's going to ask what it's about? If he asked, OP would say it's about "bitcoin" and his brother would say "What's bitcoin?" We're back to square one.

Bitcoin has many advantages, but you have to be familiar about it before explaining about it to your brother. Why don't you create a blog,write a content about bitcoin and start marketing on free services like facebook and twitter. Once after increasing your alexa rank go for advertising options, in this you will make more money through advertising.

That's exactly what he need the money for.

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.

Don't you think it would be ironic saying that "One does not need capital to start business with bitcoin." while asking for a loan of $50 so you can start your bitcoin business?

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ReLieD
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January 29, 2017, 02:45:16 PM
 #39

There are hardly any disadvantages of bitcoin.
I can tell you many advantages.
One of them are that they are easy to use.
You can make online payment from them very easily.
Like I keep buying / gifting stuff on Steam.
This forum and my campaign help me a lot to earn bitcoins.
There are taxes but that don't Matter much.

   
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January 29, 2017, 03:25:02 PM
 #40

Tell your brother that bitcoin has many advantages compared with fiat.
-Quick transfer, almost instant, Less than 10 min and very low fee ( sometimes without fee )
-Low payment charges than bank cards or Paypal
-There is no limit on the amounts transferred
-Anonymity of transactions.

And many other adventages ..
You can convince your bro easily about the benefits of bitcoin.

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