Newbie Question: Growing small amount of BTC?

[songdove]

Hey everyone,

I've been loosely following bitcoin over the past year or so and finally decided to see if I could earn any of my own back in February.  I've read a few recent threads here, and I have to say, contrary to popular opinion, I managed to earn 0.0025+ satoshi only using faucets.  I lost 0.0005+ satoshi due to changing network fees and fumbling around to find a wallet that would accept small deposits (xapo!).  I then lost another 0.001 satoshi getting caught in the bitcity.biz scam.

Needless to say, once bitten, twice shy.  Rumours around the 'net say you have to have a thick skin to engage on this board, not sure if that's true in this particular newbie forum or not, but just saying the rumours I've heard.  I actually thought maybe those rumours could be of some assistance to me.  When scammers are not tolerated, its easier for helpful info to rise to the surface.

I am experimenting to see if it's possible to earn a decent amount of satoshi on my own without affiliates as I am a terrible marketer and most of my friends don't appreciate affiliate systems in general.  So if I can do this on my own, I will be blogging about it and hopefully helping others do the same.

Based on what I was seeing over the past two months, various investment platforms will begin as low as 0.001 investment.  The two that seem to be above board according to some sources are Coin factory and AdmiralBTC.  Would anyone agree, disagree or suggest something more reputable?  At the moment I have the bulk of earned satoshi over at freebitco.in since they began doing the 4.08% annual interest.  Got my first 11 satoshi in interest this morning.

Step one was to prove to myself that one could indeed earn enough satoshi to begin building it.

Step two is to choose the safest, most secure method to do the growing while continuing to earn more satoshi.  I would love as many honest responses as I can get on this one.  I'm not much of a risk taker and I agree with the slogan: invest only what you are prepared to lose.  As I said, I've already lost 0.001 satoshi trying to figure this out.  That's a lot of faucet hours! (first .001 took just over a month, second .001 took exactly two weeks, a few hours here and there each day as I could spare)

Step three is to grow the satoshi via investment and earnings to a level where I can use Xapo's debit card to do things like pay for groceries or buy gas.  Although that brings me to another question:  

Xapo and another wallet both deal only in btc, USD, or in the other wallet's case, also Euro.  Neither deal in CAD, although Xapo does have a CAD wallet that auto-created for me when I created my account.  I live in Canada.  So exchange rates would have to happen at the point of sale rather than at the wallet.  Is there a wallet out there that offers a debit card going from BTC to CAD?

I look forward to hearing some helpful advice.  You never know, I might just cite you in my blogging about this adventure.

[kolloh]

Its gonna be quite hard to grow up from such as small amount. Not impossible, but will definitely take some time.

There also are some sites that allow you to do things to earn bitcoin such as surveys or filling out captchas if that is something you would be interested in doing to help grow your stash. If you have services or skills to offer, you could also try trading them for bitcoin.

[dawnasor]

Joining signature campaign can help you earn Bitcoin here or invest in some ICO here but be careful and notI recommended to beginners.
And use another wallet that can store your Bitcoin in secure if you are using mobile I recommend you to use mycelium wallet.

[homm99]

all investing opportunities are scams

keep bitcoin

if you want to earn, find online jobs and use them to earn bitcoin

if you really want to invest, start your own online business, or try lending your coins on poloniex/bitfinex for interest

[mrcash02]

As was said, it's very hard to grow small amounts of satoshis like that. You know this as you are earning 0.01% interest daily on FreeBitco.in.

A better investment is casino bankroll. Choose a trusted casino and invest there, the interest amount you will earn is undefined, but it can reach to nice percentages like 1% weekly sometimes... It's the best investment I know.

[Slark]

Hey everyone,

I've read a few recent threads here, and I have to say, contrary to popular opinion, I managed to earn 0.0025+ satoshi only using faucets.  I lost 0.0005+ satoshi due to changing network fees and fumbling around to find a wallet that would accept small deposits (xapo!).  

It's not that you can't earn from faucets, you will earn. But does it worth the time and effort spent on it? Please tell me how many hours have you have wasted?
For what just to earn, what, 3 dollars? You live in Canada so I imagine that even the shittiest of job there gives you $15 or more per hour.
This is some kind of experiment of yours that you want to earn pure BTC and see how it will go? Because if it isn't then stop wasting your time.
If you want to invest in BTC then don't do it with $1 worth of capital. You won't earn much.

[alva5763]

Lending on poloniex will give more interest. Rate varies throughout the day.

[songdove]

Thanks for all your responses so far, except for Slark's.  Cussing is not appreciated and if you can't watch your mouth, you will be ignored.  I hope your legendary status is for more than your language. 

I will check out Poloniex.  I have a small financial blog that I've decided to monetize using coinurl and I've begun offering services over at coingrind, although I'm not sure how big that site is.  As noted, I am earning more via faucets than the interest offered at freebitco.in currently.  I don't do well with surveys for fiat money or I'd be making a nice penny or two at cashcrate where I've earned at least $40 in the past.  So I'll steer clear of those.  Not interested in gambling, but thanks for the suggestion.  So for now, I've been limited to recaptcha's on faucets taking me around the world from my computer chair.  Thanks also for the caution on investment sites. I think I learned that one the hard way and thankfully with just a small amount.

I will keep watching this thread for more ideas.

[Velkro]

I managed to earn 0.0025+ satoshi only using faucets.  I lost 0.0005+ satoshi due to

U are talking about change that u tip waiter ... its not money to invest or grow.
Take some real world part-time job, buy bitcoin or two, then think about growing it. But best growing is to hold... thats it, world of bitcoin welcome to.

[songdove]

I managed to earn 0.0025+ satoshi only using faucets.  I lost 0.0005+ satoshi due to

U are talking about change that u tip waiter ... its not money to invest or grow.
Take some real world part-time job, buy bitcoin or two, then think about growing it. But best growing is to hold... thats it, world of bitcoin welcome to.

Your welcome appreciate I do.  And yes, you are correct, I've barely earned enough to tip the waiter.  But snow balls start with snow flakes.  So I'm curious how far I can take this experiment.  And yes, I am basically holding for now.  Till I can get the snowball rolling. . .

[sikke]

If you really want to earn a passive income off bitcoin, this is definitely not the way to do it.

You have to realise that the more you slave away on a faucet, the more the faucet owner will make. You might have a degree at university but if you choose to do faucet then everyone is the same, whether you're a high achiever in uni or a drop kick in high school.

Sell your skills, that way you'll be able to earn more money.

Once you get enough, open your own faucet site, instead of trusting your money to someone you don't know.

Anyways, i'm sure the forum will welcome you. Good luck on your BTC journey!

[songdove]

If you really want to earn a passive income off bitcoin, this is definitely not the way to do it.

You have to realise that the more you slave away on a faucet, the more the faucet owner will make. You might have a degree at university but if you choose to do faucet then everyone is the same, whether you're a high achiever in uni or a drop kick in high school.

Sell your skills, that way you'll be able to earn more money.

Once you get enough, open your own faucet site, instead of trusting your money to someone you don't know.

Anyways, i'm sure the forum will welcome you. Good luck on your BTC journey!

A passive income would be nice, but I can't even do that with all my other stuff away from bitcoin, and I have avenues that you'd think would be generating a nice passive income by now too.  No, I was expecting work of some type.  The faucet income even takes on a form of work if you expect to stay safe while engaging in it.  One of my blog articles will be on THAT aspect all by itself, because you don't earn anything doing it sporadically, but doing it the way I've done it means staying on your toes because most faucets are ad-driven and that occasionally means being my own tech to deal with threats.  So its a slow way to go and not necessarily a safe way for the average user.  So I went into step one with a work mentality.

Step two is what people do with fiat money when they have enough, they invest it, or put it into a savings acct.  At the moment, that's freebitco.in for me.  Putting one's money into savings doesn't mean you can stop working either.

I actually have a tab open where someone shared how to start one's own faucet.  I was bouncing around in my head if and when to start such a thing before or after I've completed my experiment.  Yes, I am probably making several faucet owners quite happy right now (or conversely being a drain on them as the one how-to discusses), as well as the referral links that got me to them.  But two owners of a couple faucets I've seen say they make next to nothing on the faucet itself and the real money is elsewhere such as in a list of preferred faucets.  So with that info in mind, I am on the fence about doing that.  I'd want to make it a xapo faucet if I go that route, and try to find family-friendly ad networks, because the networks I'm seeing right now occasionally do NOT have family-friendly content.  I've had to install a plugin in FF to block one type of content because I won't allow it in my home.  I also just read another google ranking algorithm article where they are now penalizing ad-heavy websites in favour of content-driven websites instead, and pretty much every single faucet I've seen is heavy on ads with the exception of freebitco.in, but I think most of their income comes in from their lottery and dice rolling games other than their faucet.

So stuff is changing rapidly right now and I seem to have come on the scene during a period of flux.

I like the idea of leveling the playing field.  I hadn't looked at faucet income from that perspective, but it does level the playing field for that form of drip-style income. 

So the gyst I'm getting from everyone so far is that step two can't really happen right now, that any site claiming to do so is bogus.  Hmmm. . . ok. . . that does mean changing my plan of attack. . .

[Myfe]

I just did a Google search and couldn't find any online wallets that offer debit cards based in CAD. Sorry.

On the topic of earning and growing a small amount of bitcoin, instead of Xapo you should consider FreeBitco.in. We're now offering 4% annual interest on ALL deposits and we pay the interest daily so it can compound for you.

Get interest on your faucet balance, gambling balance, or make a deposit from another wallet (that's what I've don). The offer is one of a kind, you should check it out...link below.

[aTriz]

Hey everyone,

I've been loosely following bitcoin over the past year or so and finally decided to see if I could earn any of my own back in February.  I've read a few recent threads here, and I have to say, contrary to popular opinion, I managed to earn 0.0025+ satoshi only using faucets.  I lost 0.0005+ satoshi due to changing network fees and fumbling around to find a wallet that would accept small deposits (xapo!).  I then lost another 0.001 satoshi getting caught in the bitcity.biz scam.

Needless to say, once bitten, twice shy.  Rumours around the 'net say you have to have a thick skin to engage on this board, not sure if that's true in this particular newbie forum or not, but just saying the rumours I've heard.  I actually thought maybe those rumours could be of some assistance to me.  When scammers are not tolerated, its easier for helpful info to rise to the surface.

I am experimenting to see if it's possible to earn a decent amount of satoshi on my own without affiliates as I am a terrible marketer and most of my friends don't appreciate affiliate systems in general.  So if I can do this on my own, I will be blogging about it and hopefully helping others do the same.

Based on what I was seeing over the past two months, various investment platforms will begin as low as 0.001 investment.  The two that seem to be above board according to some sources are Coin factory and AdmiralBTC.  Would anyone agree, disagree or suggest something more reputable?  At the moment I have the bulk of earned satoshi over at freebitco.in since they began doing the 4.08% annual interest.  Got my first 11 satoshi in interest this morning.

Step one was to prove to myself that one could indeed earn enough satoshi to begin building it.

Step two is to choose the safest, most secure method to do the growing while continuing to earn more satoshi.  I would love as many honest responses as I can get on this one.  I'm not much of a risk taker and I agree with the slogan: invest only what you are prepared to lose.  As I said, I've already lost 0.001 satoshi trying to figure this out.  That's a lot of faucet hours! (first .001 took just over a month, second .001 took exactly two weeks, a few hours here and there each day as I could spare)

Step three is to grow the satoshi via investment and earnings to a level where I can use Xapo's debit card to do things like pay for groceries or buy gas.  Although that brings me to another question:  

Xapo and another wallet both deal only in btc, USD, or in the other wallet's case, also Euro.  Neither deal in CAD, although Xapo does have a CAD wallet that auto-created for me when I created my account.  I live in Canada.  So exchange rates would have to happen at the point of sale rather than at the wallet.  Is there a wallet out there that offers a debit card going from BTC to CAD?

I look forward to hearing some helpful advice.  You never know, I might just cite you in my blogging about this adventure.

Well first of all, welcome to the bitcoin forum!

Always nice to see new bitcoiners around.

As regards to your question, I think the best way to do it if you really wanted to is to find a faucet wallet that you like(e.g. FaucetHub), and then go through their rotator one by one until you get to their minimum payout.

Pay your bitcoins out to freebitco.in because they offer a 4% p.a. interest on your deposits, and that can really add up over time.

And then once you've got enough, look into poloniex and bitfinex lending, they are great ways to earn money as well, and you're basically doing nothing!

Hope I helped a little, and don't give up

[songdove]

I just did a Google search and couldn't find any online wallets that offer debit cards based in CAD. Sorry.

On the topic of earning and growing a small amount of bitcoin, instead of Xapo you should consider FreeBitco.in. We're now offering 4% annual interest on ALL deposits and we pay the interest daily so it can compound for you.

Get interest on your faucet balance, gambling balance, or make a deposit from another wallet (that's what I've don). The offer is one of a kind, you should check it out...link below.

Darn, thanks for being a second set of eyes trying to find that.  And yes, I have funds over at freebitco.in since you began the interest offering.  That's both very kind and helpful.

[songdove]

Well first of all, welcome to the bitcoin forum!

Always nice to see new bitcoiners around.

As regards to your question, I think the best way to do it if you really wanted to is to find a faucet wallet that you like(e.g. FaucetHub), and then go through their rotator one by one until you get to their minimum payout.

Pay your bitcoins out to freebitco.in because they offer a 4% p.a. interest on your deposits, and that can really add up over time.

And then once you've got enough, look into poloniex and bitfinex lending, they are great ways to earn money as well, and you're basically doing nothing!

Hope I helped a little, and don't give up

Thanks for the welcome.  :-)  I settled on xapo and xapo faucets so far.  Particularly after higher network charges went into effect a month ago.  Thanks for your encouragement.

[zend7]

I just did a Google search and couldn't find any online wallets that offer debit cards based in CAD. Sorry.

On the topic of earning and growing a small amount of bitcoin, instead of Xapo you should consider FreeBitco.in. We're now offering 4% annual interest on ALL deposits and we pay the interest daily so it can compound for you.

Get interest on your faucet balance, gambling balance, or make a deposit from another wallet (that's what I've don). The offer is one of a kind, you should check it out...link below.

Darn, thanks for being a second set of eyes trying to find that.  And yes, I have funds over at freebitco.in since you began the interest offering.  That's both very kind and helpful.

Freebitco.in is just a faucet, yes they pay a bit more better than other faucets but that doesn't add up. If you have a lot of free times, search in google for "faucet rotator" and start claiming different faucets, it's a good start for beginners.  Faucethub.io should be a better start for you to start building some low income everyday, 0.001 btc daily is quite possible there and if you really have lots of free time, you can win more daily. Check it out.

I am in no way affiliated with them, but I have only seen they are working well. I do not do faucets myself.

[songdove]

I just did a Google search and couldn't find any online wallets that offer debit cards based in CAD. Sorry.

On the topic of earning and growing a small amount of bitcoin, instead of Xapo you should consider FreeBitco.in. We're now offering 4% annual interest on ALL deposits and we pay the interest daily so it can compound for you.

Get interest on your faucet balance, gambling balance, or make a deposit from another wallet (that's what I've don). The offer is one of a kind, you should check it out...link below.

Darn, thanks for being a second set of eyes trying to find that.  And yes, I have funds over at freebitco.in since you began the interest offering.  That's both very kind and helpful.

Freebitco.in is just a faucet, yes they pay a bit more better than other faucets but that doesn't add up. If you have a lot of free times, search in google for "faucet rotator" and start claiming different faucets, it's a good start for beginners.  Faucethub.io should be a better start for you to start building some low income everyday, 0.001 btc daily is quite possible there and if you really have lots of free time, you can win more daily. Check it out.

I am in no way affiliated with them, but I have only seen they are working well. I do not do faucets myself.

Did you read the rest of this thread? Just popping in on this comment is misleading.  I'm actually earning several USD pennies or 5,000 to 10,000 satoshi every day doing the list of faucets I have currently.  I have a day job away from this venture, so I can't spend all day doing faucets, that's one reason I'm looking for any potential suggestions for steps two and three of my original post.

[zend7]

I just did a Google search and couldn't find any online wallets that offer debit cards based in CAD. Sorry.

On the topic of earning and growing a small amount of bitcoin, instead of Xapo you should consider FreeBitco.in. We're now offering 4% annual interest on ALL deposits and we pay the interest daily so it can compound for you.

Get interest on your faucet balance, gambling balance, or make a deposit from another wallet (that's what I've don). The offer is one of a kind, you should check it out...link below.

Darn, thanks for being a second set of eyes trying to find that.  And yes, I have funds over at freebitco.in since you began the interest offering.  That's both very kind and helpful.

Freebitco.in is just a faucet, yes they pay a bit more better than other faucets but that doesn't add up. If you have a lot of free times, search in google for "faucet rotator" and start claiming different faucets, it's a good start for beginners.  Faucethub.io should be a better start for you to start building some low income everyday, 0.001 btc daily is quite possible there and if you really have lots of free time, you can win more daily. Check it out.

I am in no way affiliated with them, but I have only seen they are working well. I do not do faucets myself.

Did you read the rest of this thread? Just popping in on this comment is misleading.  I'm actually earning several USD pennies or 5,000 to 10,000 satoshi every day doing the list of faucets I have currently.  I have a day job away from this venture, so I can't spend all day doing faucets, that's one reason I'm looking for any potential suggestions for steps two and three of my original post.

5000 to 10000 satoshi is nothing. However since you are looking for some serious growing, now it is the best time I guide you to mine some alt coins. If you have a medium to good PC with a good processor, quad core of intel core i processors of 4th generation and up , and if you have a good graphic card, RX 470 or GTX 1050 ti and up you can make some residual income monthly from this mining.

Check here for guides on how to do it, it is simple.
https://bitcointalk.org/index.php?board=160.0

If you don't want to do the setup and don't have time, you can download these softwares that will automatically mine the best alt coin for you. Just make sure you disable your antivirus as most of the time these are treated like false positive.

https://www.nicehash.com/?p=nhmintro or www.minergate.com

Hope this helps.

[Chevas Regal]

I read that you have some bulk of sats stored as a investment on freebitco.in  it is indeed a good idea till your amount staked is low once it is higher than 1 btc , move it from there as i don't recommend you to have any btc on any online wallets.

I always help new people who are willing to adopt crypto ecosystem, if you want some free bits like 0.001BTC, send me your address, But again spend it wisely