Money On Tap: Is it Really Possible to Make Free Money Using Bitcoin Faucets?

in #bitcoin8 years ago

Bitcoin is currently going through a purple patch. After hitting an all-time high in March, BTC surged even higher in May. This is a great bullish run for the cryptocurrency, which looks set to earn more exposure, as well as an expanded user base, as a result. Media outlets around the world are chiming in on the new Bitcoin price, which is currently trading over $1,500. As more people become aware of Bitcoin’s lucrative nature, investors pile in more money. Late adopters are known to greatly inflate prices, allowing early investors to ride the bullish wave. But what about if you’re new to Bitcoin and you’re not yet ready to dive into making trades? A quick and easy way to acquire some free Bitcoins is by using Bitcoin faucets, a rewards system that pays out a small fraction of Bitcoin when users complete a simple task.

Read more here: http://www.newsbtc.com/2017/05/20/money-tap-really-possible-make-free-money-using-bitcoin-faucets/

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I've made a few dollars from faucets over the last few months, but I stopped using them when the BTC price rose and the payments shrank. I got all I could out of them. They're definitely good for people new to BTC to get their feet wet, though.

Not anymore. With the raise of fees bitcoin faucets are just a waste of time. You can try with other coin faucets and convert to bitcoin later, but it wont be very profitable anyway.