Best Bitcoin Sites with a Faucet

Published / by Josh Edwards / Leave a Comment

There are a number of best bitcoin sites which offer faucets today and most fall into the category of best bitcoin dice site as well. This is due to the gambling sites having the biggest faucets to attract new players. Now choosing a good faucet is all about choosing that which makes you feel satisfied and also that which you can earn from it more easily and without any difficulties. Some of the bitcoin sites with faucets might get shut down as soon as they receive your request for withdrawals and this will have wasted your time and money. To avoid such case, you need to get the best, legit and non-complex sites that you can work with and earn more.

The Robot Coin

One of the most attractive thing about this site is that the minimum payout is 1,000,000 satoshi and this can also allow you to add other earnings accrued from gaming. Besides being a place where you can earn money this site is also a source of entertainment because it is just like a game where you destroy some robots and if successful you get to earn some BTC. As the game advances, you will find that the robots are becoming hard to destroy and this requires more agility if you want to earn. The good thing about this site is that it allows you to restart the game after every fail.

Bitcoin Aliens

Unlike the Robot coin, this site has a slightly lower amount of payout. After a series of games, the average amount that you can withdraw is 4300 satoshi per hour. If you play for more hours, then you are assured of more earnings. The basics of this site is that you are expected to kill some aliens. Every successful kill will earn you a certain amount of BTCs. This is also having fun while earning money.

The Bonus Bitcoin

Bonus bitcoin is also another best bitcoin site with faucets. It is so popular among people because it is basically a site where you will be required to view a group of ads and then earn from that task. Now, bonus bitcoin has one setback in the sense that it might end up lacking liquidity to pay for all the users at one single time. However, it is a very good source of bitcoin earning because it does not limit the number of clicks or the time that one has to wait before another add pops up. You can continue viewing ads until you are tired for the day.

Why is Bitcoin so Volatile?

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This is a question that many have been asking and it is worth looking into. Bitcoin is basically a form of currency but only work or can be transacted through complex blockchains. However, it is so volatile due to a number of factors that we are going to look at.

Reasons why Bitcoin is so volatile

From the beginning, bitcoin has a bad image and the rate at which people embrace it has been jeopardized by the bad image. In most countries, the government of the day have expressed their concern over the impacts of the growing rate of use of bitcoins. With that there have been a tug of war between the developers, the users and the government. The government has used a regulatory measure which has hampered the stability of bitcoin usage. This is basically one of the answers why bitcoin has been so volatile over the years. In the recent years, the FBI has been known to shut down a number of market places with an allegation that bitcoins were being used in paying for dangerous drugs and weapons.

Secondly, bitcoin values have been fluctuating and it has been difficult for the users to predict it. Just like gold, the value of bitcoins can be regulated by those who govern the flow and the inflow of it. Now with this, it means that its usage or transaction can be regulated each and every time. The developers of the blockchain technology have powers to limit how bitcoin users transact using bitcoins. When that happens, many investors will allocate their assets to bitcon and the amount of bitcoins in circulation certainly fluctuates.

Thirdly, you might have heard about a confusion between store of value and the actual type of value associated with bitcoin. The variance of its intrinsic value is what has been making bitcoin value so volatile. The volatility is basically accrued from the store of value and the method of value as far as buying and selling of bitcoins is concerned.

Fifthly, the negative news associated with bitcoin breach of security has always rattled investors to a point where their reaction exposes the bitcoin community to security threats. The holders of large amounts of bitcoins have also jeopardized security for those that hold less amounts of bitcoins. This is simply because large shareholders decide on the directionality of the value of bitcoins.

What is a Bitcoin Faucet?

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Am sure that at one point in time, you have come across websites or service provides who would you to use their applications or sign in to their websites so that they can reward you with some presents These presents can be in terms of money, airtime and other presents per say. Now, there are some of the applications or websites which will reward you using bitcoin. When that happens then that website or whatever you have downloaded as an application basically a website faucet. It is normal to find that the value of BTC is very small like $0.00012 per BTC but this is very crucial when the value of bitcoin goes up.

With that rough idea in mind therefore, a bitcoin faucet is basically a special website which harbors applications that can be downloaded. When such applications are downloaded one normally get a reward and the reward comes in form of bitcoins. Far from downloading an application, the application might also require you to view some of the adverts, download other relevant applications and even post a comment regarding a certain product. When a user completed these tasks, the bitcoins are added into the account created and can either be transacted or can be used to pay for goods and services from firms which accept bitcoins.

Bitcoin faucets normally dispense coins in form of satoshi and the satoshi means 1/1000000 BTC. The more you do what is required by the app developer, the more you will earn if form of BTC. There are a number of legit bitcoin faucets which can make a user earn more and more each day. One of the most popular one is the Freebitco where it allows you to click and view adverts until when you have reached a value close to $200 before being allowed to withdraw.

Even with the fact that some people consider bitcoin faucets as a waste of precious time, it is a very special place to start because it is a good microwallet online. Besides, it a quick source or money because all you need to is do what is asked and earn money from doing exactly that which the developer or the website owner asks you to. However, bitcoin faucets are not legal in some countries and this can bar one from engaging any activity simply because such a country might be lacking a financial outlet that accepts bitcoins.

Bitcoin Rich List

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When talking about the bitcoin rich list, it means those platforms that holds the largest share of bitcoins. Bitcoin market is so extensive and the distribution of bitcoin vary as well. There are a number of platforms which hold a specific amount of bitcoin just because it has a large pool of users transacting using these bitcoins. Being on top of the list means that a platform has the highest number of bitcoins moving in and from the platform. Now, have you wondered who owns the top position when it comes to the bitcoin rich list? If not, then sit back and wait for the list.

Bittrex cold wallet

At number one, we have the Bitfinex cold wallet. This is one of the richest shareholder as far as bitcoin holding and transaction is concerned. What does Bitfinex hold in total? By the year 2017, Bitfinex held more than 172,236 BTC and this had a value of about $1,306, 198,161 USD. This was then the biggest value of Bitcoin. During this date, the total number of invested bitcoins was valued at 4983 and the number of outgoing bitcoins were 4083. From this platform, you can realize that the ins are almost equal to the outs and this is what people love more about it.

Binance wallet

At number two of our list is the Binance wallet. Binance wallet is basically a platform that comes second as far as BTCs is concerned. The amount of BTC in mind 2018 were estimated at 158,779 BTC and this was valued at $1,204,145,846. One of the amazing thing is that it seems that there are more ins than outs in this platform. For instance, during this period, the number of ins were 141 BTC and those that went out were 56. This was a big margin.

Bitrex cold wallet

At number three is the Bittrex cold wallet. It is one of the Cryptocurrency platform that holds 117,203 BTC and this is valued at $888,840,904. If we compared it with the Binance, you will notice that it has less BTC is its disposal and the value is lower as well. This is why Bittrex is at number three with 151 possible ins and 62 outs.

Huobi wallet

On the other hand, Huobi wallet is another platform that holds 98,042 and this was valued at $743,531, 466 as at June 2, 2018 where the estimated ins were 182 and the outs at 9. This is basically the top four as far the bitcoin list is concerned.

Can I get rich with Bitcoin?

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This is one of the biggest question that potential investors have been asking before they can buy or sell bitcoins. Now, I am sure also that at some point in life, you have asked yourself the same question especially when someone tells you to try bitcoin trading. Now this is such a hard question but it can be answered by those who have invested in bitcoins as well. However, just like any other investment, working with bitcoins is not a bed or roses because there are also potential or unforeseen loses associated with it.

Some of the people have concluded the fact bitcoins trade is all about taking risk and some people have concluded that it is also all about one’s luck. Some of us are lucky while some of us are not. One person, a friend, per say, can simply invest in bitcoins and end an extremely wealthy person while others may invest and end up a poor fellow. Success is all about timing and with that idea, you need to time the right moment for you to buy bitcoins and time right time so that you can sell the same bitcoins at a profit.

Yes, you can get rick if only you will operate with the golden rule which says, “Buy low”, “sell high”. So to become rich with bitcoins, you need to be strategic and tactical at all times. This means that when others are avoiding buying you come in and buy more. Then when others are greedy buying, sell them to them at a price higher that the buying price. Getting rich with bitcoins is all about creating a value for your bitcoins. Therefore, yes, you can get rich if you will follow the later golden rule of buying low and selling high.

Considering that bitcoin is the most recognized among all the other cryptocurrencies, you have a chance of getting rich simply because it has a wider convex of audience. Whenever there are more and more players within the system, it means that you can sell you bitcoin at a very good value higher that what you bought at. This is the basis of getting rich. For instance if you bought bitcoins at let say $0.054 and the sell to a multitude of users at say $10 per bitcoin, this means that the value of your bitcoin will have appreciated more than what you might have expected. This will certainly make you rich with bitcoins.