This is a follow up to the original article: How Much Can You Make on Coinpot in 1 Year?
It’s
been almost 18 months since I wrote that article. The goal was to see
if bitcoin faucets were a viable way to earn free bitcoin. I, like many
others, was skeptical. Free bitcoin? There must be a catch. So I started
my little experiment with a skeptical eye. Specifically, I wanted to
see how much you could make on Coinpot in 1 year.
With
my model I surmised that I could look forward to a minimum of $900. Of
course I had no way of knowing that bitcoin would be attacked from every
angle in 2018. As a result, the price of bitcoin dropped significantly,
but it’s worth noting that it never dropped below the price of an ounce
of gold. Gold — the world’s most precious metal.
So,
here we are, almost 18 months in and I’m up roughly $700. Did I make
the $900 mark? No. But, $700 isn’t bad for what I was told was a “scam
bitcoin faucet”. I kept waiting for something to happen to the site
throughout the year. I kept waiting for my account to get hacked. I kept
waiting for the site to change the rules. It never happened. Everything has been easy. All withdrawals have been made.
Round of applause for those of you holding it down over there at Coinpot.
And,
the beautiful thing is that we’re coming out of a market bottom in
bitcoin. It is my belief that we are currently on the front end of a
bull market. Bitcoin has taken a beating over the past year, but I still
think it will be the world’s reserve currency. I still think it could
reach $4 million or more in 10 years.
(For more on why I still love Bitcoin read: Why Am I Still In Love With Bitcoin in 2019?)
Okay,
so I’m a believer in bitcoin faucets. I especially like the fact that
anyone (beginner to advanced) can start making bitcoin with these
faucets and there’s no risk because you’re earning bitcoin as opposed to buying it.
Now
what? Now, that I know what works and what doesn’t, I’m going to
research other bitcoin faucet programs. I’m also going to see if there
are other ways to earn bitcoin risk-free.
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