Bitcoin Faucets: What Are They? Waste of time or profitable?

Everybody is, most likely, familiarized with Bitcoin as a global phoneme and leading cryptocurrency in the world. Most people know some of its origins, its price and exchange value, and the latest trends involving it. However, not many users, investors, or token holders know what a Bitcoin Faucet is.

By Bitcoin faucets, we refer to the pages or apps that endorse reward systems for those users that complete specific tasks configured by said website or platform. As a prize for their ‘contributions’ in the consecution of a mission or a captcha, they get Satoshi.

What is Satoshi?

It is one-hundred-millionth of a Bitcoin (BTC.) As you can imagine, collecting Satoshis remains a worthwhile activity as long as the tasks to be performed aren’t especially time-consuming.

The faucets provide Satoshis to people that load pages full of ads, play specific titles or roll a random number generator in an ad-full site. If you don’t want to buy Bitcoin for any reason (it is, after all, the most expensive cryptocurrency currently available) you can go to a faucet and obtain modest earnings while you get acquainted with the digital coin world. Faucets will hardly make people rich, though, so controlling your expectations is the best advice you can get.

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= 0.00000001 ฿
= 0.00000010 ฿
= 0.00000100 ฿ = 1 Bit / μBTC (you-bit)
= 0.00001000 ฿
= 0.00010000 ฿
= 0.00100000 ฿ = 1 mBTC (em-bit)
= 0.01000000 ฿ = 1 cBTC (bitcent)
= 0.10000000 ฿
= 1.00000000 ฿

Bitcoin Faucets’ modus operandi

Bitcoin reached $19,000 in value last December, so its ability to increase its price is well-documented. Right now, it is trading in the neighborhood of $6,500, but if you are an optimist – and there are reasons to be – you can expect some growth in the short and medium term.

Since faucets pay out a fraction of a penny per use if Bitcoin’s value goes up, what is worth today will be worth even more tomorrow. That said, the Satoshi you make today will be more valuable in the future.

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That is why Bitcoin faucets are appealing to people because you can treat them as a hobby – let’s face it, few people can live off faucets – but the prospect of a considerable rise in Bitcoin’s value makes it an all-upside proposition.

To perform tasks in a Bitcoin faucet, you need a Bitcoin wallet. People prefer options that they can administrate on their own devices, but cloud-based alternatives such as Blockchain.info or Coinbase can work smoothly as well.

A useful tip for Bitcoin faucet enthusiasts

Investors love when Bitcoin prices go up. Who wouldn’t, right? However, there is no better moment to measure people’s maturity and responses in moments of desperations than when the price collapses.

However, if you are a Bitcoin faucet enthusiast, you should know that you need to redouble your efforts. When the cryptocurrency value rises, people interest does, and the same is true when the price goes down. That is why Bitcoin faucets pay out less satoshi when there is a spike.

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Naturally, they pay more when the prices go down, so what you need is to be persistent. When Bitcoin collapses, get more involved in earning satoshis, and you will enjoy the benefits when the prices inevitably return to their levels. Keywords: highest paying bitcoin faucet, bitcoin faucet list, best bitcoin faucet, free bitcoin faucet, btc faucet, moon bitcoin, bitcoin faucet bot, bitcoin faucet instant payout

Highest paying bitcoin faucet

FaucetHub, Lists many popular Faucets for different Cryptocurrencies.

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