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Board Beginners & Help
Re: How long does it take to reach 1 BTC in 2014?
by
notlist3d
on 14/07/2014, 05:48:59 UTC
It's almost insulting that it's impossible to break even on bitcoin now actually, if we want world wide adoption to bitcoin why make it so impossible to obtain one? Why doesn't somebody start something that gives little bits (faucets immediate answer I know) of bitcoin but just enough to get people interested enough they don't lose sight of it?

I'm just relaying my own story but when I thought mining was actually profitable in 2011 and bitcoin was $14 a pop and I really didn't have the money to just go buy one, I could have used a faucet or something would have helped me out with that, I would have gone out and told all of my friends about bitcoin, maybe sound like a stark raving lunatic but still, I would have gone out of my way to show people this currency and the many others out there.

Now I'm even skeptical to mention it to anyone, even my ex thinks I'm crazy for wanting to invest in it.

If these little bit's (faucets) payed 1 BTC there would be huge inflation.... bitcoin is being adopted by more and more sites.  Future looks good.  But buying and mining are ways to get it.  Don't expect a faucet to make you rich, or for there to be a get rich quick scheme.

It's not so much a get rich scheme for me, it's more so securing a future. For all I know the price of bitcoin could drop significantly tomorrow or the next day or a month from now and I would have nothing to show for it, or it could bounce back up and I'd have some security.

That's what it's all about for me, I know that sounds ridiculous but with my current financial situation I would like to have some kind of back up and security since it's really the only income I have coming to me.

Never risk more then you are willing to lose on any investment.  For all we know on stocks, most investments they all can have dramatic effects.   

If you want security get a savings account, but you will see with no up or down the little amount of interest you get. 

If you hold bitcoins I think most on this forum see a bright future, more websites accepting them every day.