Category: Bitcoin

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 or ETH from the casino. 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?

Published / by Josh Edwards / Leave a Comment

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.

Can I get rich with Bitcoin?

Published / by Josh Edwards / Leave a Comment

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.