Just a friendly advice for the new guys

[newIndia]

Try using www.CoinLearn.org and refer it to newbies... its a great place to learn & earn.

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[nwfella]

Excellent OP.

*And for you new investors, you can see bitcoin is highly volatile (to say the least) so as always, only invest what you can afford to lose!  And please, if you do hold BTC, don't give somebody else control over them.

[AverageGlabella]

I assume that, when all of us first heard of bitcoins and started reading about it, all of us made our first few satoshis on some faucet like freebitco.in or any other, and everything was like "I'm gonna make so much bitcoins with this!". But when you use if for some time and get a little bit more into bitcoin, you'll see that that amount you've collected over a week or so, is barely worth a penny.
So here's the advice, when you first come here and read all about them faucets, don't get your hopes up (like I did) thinking you will make something out of it. Owners of those faucets are the only ones who will profit. Faucets are there just in the beginning to help you see what it's like to receive, own, send bitcoins and how to use your wallet.

Use the faucets, see how it feels to have bitcoins but don't expect anything more than that.

I just started on the faucet and did my first withdrawal and I'm eager to learn more and earn more now

[maku]

I just started on the faucet and did my first withdrawal and I'm eager to learn more and earn more now

I am curious. How much did you earn from that? Is that was worth your time? What faucet was that?

[sgk]

I assume that, when all of us first heard of bitcoins and started reading about it, all of us made our first few satoshis on some faucet like freebitco.in or any other, and everything was like "I'm gonna make so much bitcoins with this!". But when you use if for some time and get a little bit more into bitcoin, you'll see that that amount you've collected over a week or so, is barely worth a penny.
So here's the advice, when you first come here and read all about them faucets, don't get your hopes up (like I did) thinking you will make something out of it. Owners of those faucets are the only ones who will profit. Faucets are there just in the beginning to help you see what it's like to receive, own, send bitcoins and how to use your wallet.

Use the faucets, see how it feels to have bitcoins but don't expect anything more than that.

I just started on the faucet and did my first withdrawal and I'm eager to learn more and earn more now

So you came to this thread that advices newbies to stay away from faucets; and you did just the opposite. Great going.

So it would be very interesting to see how much you earned from the faucet. Kindly post the BTC amount you earned (with transaction ID if possible).
Also, convert your earnings to Dollars at current price and let us know how many 'cents' you earned.

[BitCoinNutJob]

My friendly advice is pick up some cheap coin, never try to wait for too long, magical low bottoms hardly ever happen.  Dont invest what you cant afford to lose.

[jacktheking]

Not going to agree. Faucet might be wasting our time, but.. who know? Those 'little' satoshi we get from faucet might worth one dollar next year. I get into Bitcoin somewhere in 2012/2013 when the price was around 100 USD. I faucet and earn around 20 Cents.. Somewhere in 2014, when Bitcoin price reach 1000 USD.. it became one dollar!

However, dont spend too much time on faucet. Spend more time on Signature campaign.

[sgk]

Not going to agree. Faucet might be wasting our time, but.. who know? Those 'little' satoshi we get from faucet might worth one dollar next year. I get into Bitcoin somewhere in 2012/2013 when the price was around 100 USD. I faucet and earn around 20 Cents.. Somewhere in 2014, when Bitcoin price reach 1000 USD.. it became one dollar!

However, dont spend too much time on faucet. Spend more time on Signature campaign.

I agree with you, but you missed my point.

I'm with you in saying you should accumulate all BTC you could afford, but my point is - faucets are a terrible way to do it.
You should instead work a day job and buy BTC with the fiat you earn.

Let's say 'working' on faucets 4 hours a day can get you 1x satoshis.
Now if you work any laborious job for 4 hours, you should have enough fiat to buy 10x satoshis.

That's what I'm saying.

[thejaytiesto]

The only way to get a legitimate amount of BTC is by working for fiat and then buying it. This is another reason BTC is crashing. Your average joe that works a 9-5 isn't going to risk their hard earned money for what they consider (and truthfully so) an experiment, specially when they can buy anything they want with cash/paypal.

How to hell does one solve this? The ideal would be getting paid in BTC, but even if you got paid in BTC, one would argue "why get paid in such a volatile currency? my salary may be worth 40% less in a month".

This is a problem.

[Simon8x]

Well said.

I have gone through the exact same experience as you lol. When I first learned about bitcoin, I spent way too much time on dozens of faucets, and was happy to see my wallet balance going up. But then after a few days, I suddenly realized I was just getting about $1.
And even worse, when I tried to spend those $1 bitcoin, I realized I have to pay a high tx fee because of all those dusts from faucets.

[LiteCoinGuy]

good advice. here are two more:

-dont install shady BTC stuff on your pc

-install a proper anti-virus and antimaleware

[dothebeats]

Well said dude. When I first heard about faucets when I'm still new to the bitcoin world, I thought that doing those stuffs would amount me to anything. But after realizing that the site owners, and not the users, gains more from it, I stopped doing it and just stayed in here in BTT. Honestly, going on to faucets and getting some small amounts of money really helps the user get motivated and familiar to the bitcoin economy. It's just that staying in it for a long time doesn't take the cut at all.

[JakeThePanda]

Its pretty hard to get people to stay active being your referral. I had about 20 people under me with freebitco.in and they all one day slowly just not caring anymore, even when I put good incentives like a raffle time setup.

I had about .1 btc to give out every month, but never really fell through. That and people are just really lazy..

I don't think it's about laziness, but about how much you can earn per hour.  Faucets are good to get a feel and learn about bit coin, but you can make more per hour picking through garbage for bottles to recycle.

[DuddlyDoRight]

Try using www.CoinLearn.org and refer it to newbies... its a great place to learn & earn.

10,000 satoshi($0.04) a month.. And that's only if you hit a button every 30 minutes..

Better idea: Go gather rocks and sell them in piles..

[uki]

Not even faucet owners make big profits. There are faucet owners around complaining that they can't get much with them and shutting them down. Only the big ones give reasonable returns.

If it is just to know how things works I think others coins like Doge are better because takes less time to get some transferable amount and all works more or less like BTC

but then the question is, why at all people are running faucets, if no one, neither clients nor people who run it, find it profitable. I understand that having really many referrers you may in the end earn some pennies, but still there are much better ways to spend your time and earn much better, e.g., mini jobs, signature campaigns and many more.

[ChuckBuck]

I assume that, when all of us first heard of bitcoins and started reading about it, all of us made our first few satoshis on some faucet like freebitco.in or any other, and everything was like "I'm gonna make so much bitcoins with this!". But when you use if for some time and get a little bit more into bitcoin, you'll see that that amount you've collected over a week or so, is barely worth a penny.
So here's the advice, when you first come here and read all about them faucets, don't get your hopes up (like I did) thinking you will make something out of it. Owners of those faucets are the only ones who will profit. Faucets are there just in the beginning to help you see what it's like to receive, own, send bitcoins and how to use your wallet.

Use the faucets, see how it feels to have bitcoins but don't expect anything more than that.

Good words of advice for the newbie reading up on and learning about Bitcoin.  I've actually used faucets a looooong time ago as well, not so much to accumulate or get wealthy, but just to learn how Bitcoin works, sending the dust amounts to my address, and so forth.

Once I've read up and learned as much as possible, I stopped going to faucet sites, as spending hours and hours of wasteful time, didn't make sense for getting pennies in return.

Only time faucets were worthwhile was when Gavin gave up over 10000BTC from the first faucet at 5 BTC per visitor, but back then it was worth zilch.  Imagine if you got a few hundred and somehow held on to them.   

http://web.archive.org/web/20100703032414/http://freebitcoins.appspot.com/

[dothebeats]

I assume that, when all of us first heard of bitcoins and started reading about it, all of us made our first few satoshis on some faucet like freebitco.in or any other, and everything was like "I'm gonna make so much bitcoins with this!". But when you use if for some time and get a little bit more into bitcoin, you'll see that that amount you've collected over a week or so, is barely worth a penny.
So here's the advice, when you first come here and read all about them faucets, don't get your hopes up (like I did) thinking you will make something out of it. Owners of those faucets are the only ones who will profit. Faucets are there just in the beginning to help you see what it's like to receive, own, send bitcoins and how to use your wallet.

Use the faucets, see how it feels to have bitcoins but don't expect anything more than that.

Good words of advice for the newbie reading up on and learning about Bitcoin.  I've actually used faucets a looooong time ago as well, not so much to accumulate or get wealthy, but just to learn how Bitcoin works, sending the dust amounts to my address, and so forth.

Once I've read up and learned as much as possible, I stopped going to faucet sites, as spending hours and hours of wasteful time, didn't make sense for getting pennies in return.

Only time faucets were worthwhile was when Gavin gave up over 10000BTC from the first faucet at 5 BTC per visitor, but back then it was worth zilch.  Imagine if you got a few hundred and somehow held on to them.   

http://web.archive.org/web/20100703032414/http://freebitcoins.appspot.com/

Lucky are those who held their coins all the way. No one really cares about what bitcoins are until the price peaked in 2013. Until then, many people  surged towards the bitcoin economy expecting to get some easy money out of it, and most of the newbies think that they might get it through faucets--which literally contradicts reality in the first place.

[Popecoin]

Lots of good info here, thanks.

[DuddlyDoRight]

<20000000 satoshi(0.02BTC) a month and you're losing money trying to make money..

coinlearn is garbage by the way.. It literally takes you a month to make $0.08 there even with a bot. If you find a site paying you $5.00 a month for constant labor on your part you're actually on one of the best sites under the sucker market that is 100% of the market right now..

[ECoinLand]

I assume that, when all of us first heard of bitcoins and started reading about it, all of us made our first few satoshis on some faucet like freebitco.in or any other, and everything was like "I'm gonna make so much bitcoins with this!". But when you use if for some time and get a little bit more into bitcoin, you'll see that that amount you've collected over a week or so, is barely worth a penny.
So here's the advice, when you first come here and read all about them faucets, don't get your hopes up (like I did) thinking you will make something out of it. Owners of those faucets are the only ones who will profit. Faucets are there just in the beginning to help you see what it's like to receive, own, send bitcoins and how to use your wallet.

Use the faucets, see how it feels to have bitcoins but don't expect anything more than that.

Well I consider a faucet as a starter, once doing 0.05 BTC or so move to invest in cloud mining ( and here expect no miracles either). I tested a package from Zeushash which returned the invest after 30 days, and the purchased 5GHz (for 0.062 BTC) just yielded around 0.00136 BTC. Now purchasing the same 5 GHz in the next package costs even more than 1 month ago!

thinking to test trustable HYIP with some low amount, 0.035 BTC and see what happens