My First Experience with Bitcoin I know bitcoin for the first time in 2014, and like the others, I want to make money from the internet. At first I really did not understand what is bitcoin, how to get it, and how to withdraw them to the bank and turn it into money. Over time, little by little I began to understand how bitcoin works and how to get it.
Bitcoin is a cryptocurrency and a payment system invented by an unidentified programmer, or group of programmers, under the name of Satoshi Nakamoto. Bitcoin was introduced on 31 October 2008 to a cryptography mailing list, and released as open-source software in 2009. -Wiki
"How Do Bitcoin Faucets Work - What is a Bitcoin Faucet"
Bitcoin faucets are a reward system, in the form of a website or app, that dispenses rewards in the form of a satoshi, which is a hundredth of a millionth BTC, for visitors to claim in exchange for completing a captcha or task as described by the website. -Wiki
Like the most newbies about bitcoin, I started collecting bitcoin through bitcoin faucet, because it was very popular at that time. Little by little, I began to collect bitcoin via bitcoin faucet and if you have done this before, then you must have known that the amount that you get from the bitcoin faucet is not much.
I stop because it's a waste of time each bitcoin faucet there is waiting time for you in order to claim the reward again after you claimed once. Like after 5 minutes, 10 minutes, 60 minutes, 360 minutes, etc. The longer the time, then usually you will get bigger amount of satoshi. Yeah, bitcoin faucet is good way to wasting your time, bitcoin faucet website with bunch of ads.
Heavy load websites with annoying ads. Most of bitcoin faucet owners will put ads into their websites because it can not be denied that their income for keeping the faucet running is also derived from the ads they display. But they sometimes put excessive ads on their website which is make the website heavy to load. You have to work hard for small amount.
After experiencing various problems above, finally I decided to stopped collecting bitcoin through bitcoin faucet. Probably because at that time bitcoin prices was down, and the effort and time I spend is not comparable with the results obtained.
Based on explanation above and my experience, I can not fully say that collecting bitcoin through bitcoin faucet is a bad thing. Bitcoin faucet may be good for you if you are still new about bitcoin because little by little you will know more about things related to bitcoin.
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Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://steemit.com/cryptocurrency/@frankydoodle/collecting-bitcoin-through-bitcoin-faucets-and-the-reason-why-i-stopped-it
I think your assessment about bitcoin faucets is very correct. I definitely agree they are a great place for beginners with no money up front to invest to learn the ropes.