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Author Topic: BTC earning has become very very hard  (Read 9947 times)
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June 30, 2017, 10:50:40 PM
 #221

As the price is increasing so fast, it is expected that the Bitcoin earning become harder than the past. Mining is almost worthless unless you have very good budget to start with it, trading isnt easy and its risky. I think the best method is selling skills and services, goods online for btc, and signature campaign.

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July 01, 2017, 04:38:10 AM
 #222

Of course earning bitcoin will be much more difficult now, Bitcoin prices is high, 3 or 4 years ago you might earn bitcoin by doing small task like faucets and PTCs but now, Those methodes give low rewards. However there are some alternatives via ICO and bounty. I think by earning altcoin and trade in exchanger will give us more income than directly trying to earn bitcoin directly.

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July 01, 2017, 06:57:37 AM
 #223

mostly people are holding there bitcoins for future
everytime in xmas time the btc price rise due to shopping and chinese new year
last few months mostly trades where from southkorea thats why the price jumped
now again the price will jump in dec or jan 2018
if you have btc hold some you will surely earn some $$
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July 01, 2017, 07:53:21 AM
 #224

As the price is increasing so fast, it is expected that the Bitcoin earning become harder than the past. Mining is almost worthless unless you have very good budget to start with it, trading isnt easy and its risky. I think the best method is selling skills and services, goods online for btc, and signature campaign.

Mining is really worthless for small time miner or those aspiring people that wants to try mining. In trading the profit is very good but you need to be the wisest trader all the time and yeah it's not that easy and it's very hard. And those you had mentioned will be those ones that can potentially give you more chance of earning.

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July 01, 2017, 08:02:42 AM
 #225

Earning bitcoin is not hard, just mindset of people. people with talent and knowledge always get them easily, but faucets was always tedious, boring and time consuming. In a sense you're right if compared to sathoshis earning became harder.

But due to high price of bitcoin in the market some users think that payment were gonna be lower but in reality value of payment for the past was the same or higher to the current payment. Still there are many easier ways to earn bitcoins, just search them
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July 01, 2017, 08:29:19 AM
 #226

mostly people are holding there bitcoins for future
everytime in xmas time the btc price rise due to shopping and chinese new year
last few months mostly trades where from southkorea thats why the price jumped
now again the price will jump in dec or jan 2018
if you have btc hold some you will surely earn some $$
But how can somebody hold some amount of btc of its getting harder and harder to earn btc these days and as the price increases.  There are rumors that bitcoin will gonna go down when the month of august comes.

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July 01, 2017, 09:43:19 AM
 #227

If you look om perspective of earning money (i mean dollar/euro or bitcoin), thing didnt change only thing that is changes is that bitcoin is now more value then it was in this time last year. Job offers for freelancers are the same only thing that is changed is amount of bitcoin, if job is payed in bitcoin off course.



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July 01, 2017, 09:50:38 AM
 #228

I agree it's hard to earn anything quickly and without making or putting in some hard efforts which has a value in this world but believe me it was this hard even two years back the only difference is that it has become harder now. But I guess it's obvious when something which has risen in value so much you can't get it easily because if you can you wouldn't value it this much.

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July 02, 2017, 03:12:23 PM
 #229

I'm shocked how hard is to earn even a few satoshi right now... I have this other thread where I ask for only 38,000 satoshi for 10 retweets / +7300 crypto followers and it' such a struggle.

Do you think people are holding their BTC more now?
I think that problem is just so normal, in the past when earning Bitcoin was still easy to earn, the price was low but now, Bitcoin earning is harder, its price is high so that the profits you make should be equal, I think it's really normal, at least we can still earn money online.

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July 02, 2017, 05:41:20 PM
 #230

Rewards for faucets and other micro-transaction based business models are far lower making it harder to overcome elevated transaction fees.

I think that's this thread is referring to. The ceiling and overhead for earning via micro transactions is higher & more difficult to overcome.


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July 02, 2017, 07:31:16 PM
 #231

I'm shocked how hard is to earn even a few satoshi right now... I have this other thread where I ask for only 38,000 satoshi for 10 retweets / +7300 crypto followers and it' such a struggle.

Do you think people are holding their BTC more now?
The more people that get in bitcoin, then that increases the number of people that try to earn money in bitcoin, and that lowers the pay for the average user of bitcoin since now there is more competition for the same jobs, so it makes sense that getting bitcoin becomes even harder and that does not take into account the fact that bitcoin keeps getting more and more expensive as time passes.

To say the truth there isn't too much concurrency in relation to micro earning tasks, these tasks paying few thousands of satoshis to retweet something. Only weekly twitter campaigns have more concurrency, those paying 0.003 BTC weekly or so... The payout is reduced just because the BTC price is too high, the task giver pay you in dollar rates, so they convert it to BTC and see how much to pay.

The fact here is that the BTC rewards will become lower and lower even more, because the BTC price will continue increasing.  Smiley
Well, as the time passes and bitcoin becomes more expensive, it makes sense for that payout in bitcoin to diminish, just look at what happened to faucets, faucets used to give full bitcoins, that at this time are worth 2500 dollars but back in the day those bitcoin had almost not value, and now the faucets only give a few satoshis for your efforts but you never know maybe in the future those satoshis will be worth something.

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July 03, 2017, 01:17:05 AM
 #232

Maybe the main reason was because the price.
Now the prices really high, and bitcoin is really expensive.
It's totally different from 3-4 year ago, where we could earn it more easily.

Not to mention, nowadays doing faucets not worth it.
We only got a little from it.

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July 03, 2017, 08:49:23 AM
 #233

Rewards for faucets and other micro-transaction based business models are far lower making it harder to overcome elevated transaction fees.

I think that's this thread is referring to. The ceiling and overhead for earning via micro transactions is higher & more difficult to overcome.

The reason is very obvious why those faucets did adjust their payments is because of the price increase.

I'm already thinking about it when the price is increasing, it's like free money can be found through faucets.

But they are aware of it and they did their end quickly.

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July 03, 2017, 10:25:58 AM
 #234

Maybe the main reason was because the price.
Now the prices really high, and bitcoin is really expensive.
It's totally different from 3-4 year ago, where we could earn it more easily.

Not to mention, nowadays doing faucets not worth it.
We only got a little from it.
I can understand that, when the value of Bitcoin growth, of course, Bitcoin rate payments must be adjusted accordingly. With me, if calculate salary Bitcoin to USD, I see 2017 can earning more than 2016, although can't earning more Bitcoin easy if compare last year

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July 03, 2017, 01:20:08 PM
 #235

Maybe the main reason was because the price.
Now the prices really high, and bitcoin is really expensive.
It's totally different from 3-4 year ago, where we could earn it more easily.

Not to mention, nowadays doing faucets not worth it.
We only got a little from it.
I can understand that, when the value of Bitcoin growth, of course, Bitcoin rate payments must be adjusted accordingly. With me, if calculate salary Bitcoin to USD, I see 2017 can earning more than 2016, although can't earning more Bitcoin easy if compare last year

Now it is almost impossible to make a small payment in bitcoin. It makes no sense if the commission for sending coins is very large. This was the reason for closing many faucets.
It is very difficult now to earn free bitcoins. Therefore, I prefer buying coins
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July 03, 2017, 01:54:46 PM
 #236

As the price is increasing so fast, it is expected that the Bitcoin earning become harder than the past. Mining is almost worthless unless you have very good budget to start with it, trading isnt easy and its risky. I think the best method is selling skills and services, goods online for btc, and signature campaign.

Mining is really worthless for small time miner or those aspiring people that wants to try mining. In trading the profit is very good but you need to be the wisest trader all the time and yeah it's not that easy and it's very hard. And those you had mentioned will be those ones that can potentially give you more chance of earning.

In fact both these things basically have the same thing. Because in the end of mining and trading will be looking for things named "profit", highly unlikely someone doing both these things without being based on a goal to seek profits. To become a professional trader so the main thing is to have a basic knowledge of cryptocurrency or bitcoin, because if you don't have basic knowledge will be a little long. and not least important is the knowledge of mining. Same is the case with trading, there we must have knowledge cryptocurrency and bitcoin, besides trading knowledge is also very necessary
 

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July 03, 2017, 02:21:29 PM
 #237

Maybe the main reason was because the price.
Now the prices really high, and bitcoin is really expensive.
It's totally different from 3-4 year ago, where we could earn it more easily.

Not to mention, nowadays doing faucets not worth it.
We only got a little from it.
I can understand that, when the value of Bitcoin growth, of course, Bitcoin rate payments must be adjusted accordingly. With me, if calculate salary Bitcoin to USD, I see 2017 can earning more than 2016, although can't earning more Bitcoin easy if compare last year
yeah the value of earnings this year if converted to btc is more bigger than last year but with op's concerned is really getting harder to earn btc nowadays
unlike a year  ago where you can claim good numbers of bitcoin by doing faucets referrals and claims but now most or almost every faucets already gone and can't facilitate expenses.

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July 03, 2017, 04:00:45 PM
 #238

Maybe the main reason was because the price.
Now the prices really high, and bitcoin is really expensive.
It's totally different from 3-4 year ago, where we could earn it more easily.

Not to mention, nowadays doing faucets not worth it.
We only got a little from it.
I can understand that, when the value of Bitcoin growth, of course, Bitcoin rate payments must be adjusted accordingly. With me, if calculate salary Bitcoin to USD, I see 2017 can earning more than 2016, although can't earning more Bitcoin easy if compare last year

Now it is almost impossible to make a small payment in bitcoin. It makes no sense if the commission for sending coins is very large. This was the reason for closing many faucets.
It is very difficult now to earn free bitcoins. Therefore, I prefer buying coins
Why not find altcoin can faucet at now? Raiblocks, XVG, DOGE, ... are altcoins can faucet and make some money everyday. Not have type make money online can still alive forever, need end and begin with new type in future Smiley

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Hydrogen
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July 03, 2017, 06:01:19 PM
 #239

Why not find altcoin can faucet at now? Raiblocks, XVG, DOGE, ... are altcoins can faucet and make some money everyday. Not have type make money online can still alive forever, need end and begin with new type in future Smiley

Good point. Altcoin faucets are likely more profitable due to their transaction fees being lower in comparison to btc.

That probably is the go to move for most.

Especially if alts continue to make those massive jumps in price we've seen lately.


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AgonyPaid
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July 03, 2017, 06:07:34 PM
 #240

Maybe the main reason was because the price.
Now the prices really high, and bitcoin is really expensive.
It's totally different from 3-4 year ago, where we could earn it more easily.

Not to mention, nowadays doing faucets not worth it.
We only got a little from it.
I can understand that, when the value of Bitcoin growth, of course, Bitcoin rate payments must be adjusted accordingly. With me, if calculate salary Bitcoin to USD, I see 2017 can earning more than 2016, although can't earning more Bitcoin easy if compare last year

Now it is almost impossible to make a small payment in bitcoin. It makes no sense if the commission for sending coins is very large. This was the reason for closing many faucets.
It is very difficult now to earn free bitcoins. Therefore, I prefer buying coins
Why not find altcoin can faucet at now? Raiblocks, XVG, DOGE, ... are altcoins can faucet and make some money everyday. Not have type make money online can still alive forever, need end and begin with new type in future Smiley

Many people do so. They just buy alternative coins and in a few years \ weeks \ months sell them. And this gives them a very good profit. Among my friends there are a few who quit their jobs in the office and now earn only on the Internet
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