How to make a profit from Bitcoin faucet?

in #bitcoin6 years ago

You read about Bitcoin. You read about some Altcoin. You like cryptos and get hooked now you just want to actually get some cryptos without buying them. Tricky, right?

It might be because 1) you value your privacy and don't want to sign up on various pages or 2) because nobody accepts paypal (for fears of scam tactics).

Your only option is to claim and claim and claim...

Fortunately for you, there have never been as many faucets as nowadays. Not only Bitcoin faucets, but also Bitcoin Cash faucets, Dogecoin faucets, Litecoin faucets and so on (coinpot link). You have the choice. Many faucets have different timing set and others offer very good rewards if you accept to click on their shortlink. After claiming from faucets for a few days or week you have the option to transfer and convert all into one cryptocurrency or you microwallets offer the option to take those tiny amounts of cryptos away that you have stored.

So what can you do with those tiny amounts of satoshis? Easy, trade them; day trade them. But that's risky? No, it is not as risky as it is made to be. Sure, you can lose all, but you never actually invested any money, right? I am not even talking about making trades with a profit of 10%, that is the exception. Keep in mind most people lose their money on exchanges, but if you know how to manage risks and if you have a clear idea and a strategy you might actually discover a talent for trading.

Let's assume you collected an amount of 10000 satoshi and you will make everyday a profit of 1%, that means you will make a profit of 1127% in a year. those 10000 satoshi will become 112700 satoshi. Still it is approx. 6 USD (31/10/2018), but it is money that you got out of thin air. Now if you daytrade and claim coins simultanously, your profit might get higher. Now let's continue and see how it works for the second year. If you continue to get 1% your satoshi will grow to 1270129 satoshi over 60 USD (31/10/2018). If by then you are actually able to make those numbers, by all means, get some more Bitcoins and do day trading. If you don't get your 1% and only 0.5% or 0.25% per day, that is still awesome! And if you make some losses, just cut your losses and start anew, at the end you just lost some coins which you claimed from faucets...

You see, there are ways how to make profits from Bitcoin faucets. Sure it is time consuming, but at the end everything is time consuming. Get quick rich doesn't exist unfortunately...

For more information -> http://combostruct.com/20570873/how-to-make-a-profit-from-bitcoin-faucet