Day 1 : from 0 to 1 Bitcoin

By julien | From 0 to 1 Bitcoin challenge | 4 Jul 2019

My name is Julien

I do believe the next bitcoin halving presents unique opportunity to earn life changing money.

The halving is supposed to happen in May 2020.

Halving : What is it ?

Unlike fiat currencies, which can be printed by central banks at will, the supply of bitcoin is limited algorithmically. There will only ever be 21 million bitcoins in existence. This, by definition, makes it a deflationary asset, as opposed to an inflationary one.

Every 10 minutes, a “block” of bitcoin transactions is solved by miners and added to the bitcoin blockchain.

When bitcoin first appeared, the block reward was 50 BTC. This means that every 10 minutes, somebody, somewhere, was getting 50 bitcoins delivered to their wallet. This was back in the days when BTC was worth pennies and you could mine it using only a computer. Currently, the block reward is only 12.5 BTC.

What happened? The block reward was cut in half — twice. This is a feature programmed into bitcoin, and occurs every 210,000 blocks (4 years more or less). Once that number is crossed, the block reward is cut in half. This process is predetermined and will continue until the last bitcoin is mined sometime in the year 2140.

This is the halving process.

How Halvings Impact The Price Of Bitcoin

The block reward halving tends to have long-term positive effects on the price of bitcoin : if fewer bitcoins are being generated, the newly increased scarcity automatically makes them more valuable. This is simple supply and demand.

What could be bitcoin price in 1 year?

Difficult to say, but a lot of experts forecast that Bitcoin will reach 100 k$+ in 2020. Maybe even 250k$.

Nothing is certain of course but I think it’s worth starting to accumulate a maximum of bitcoin. SO I have decided to challenge myself and target to accumulate 1 BTC before the fork starting from 0.

First step : Day one
Opening a Bitcoin Wallet

I’ll use Celsius network. It’s secure and it pays a 6% interest in BTC on your BTC deposit. It will help a little bit !

You can use the link below, it will help me a little bit to reach my goal !

https://celsiusnetwork.app.link/1222911654

Start claiming free BTC with free Faucets

A faucet is a reward system, in the form of a website or app, that dispenses rewards in the form of cryptocurrency (Bitcoin mostly), for visitors to claim in exchange for completing a captcha or task as described by the website.

This is a great way to start accumulate cryptocurrency for free.

I will start with the following faucets but before I have to open a micro wallet where you will accumulate the small satoshis amount I will claim in the faucets :

https://faucethub.io/

Here are the 4 faucets i will starts with :

Claim free coins:

https://claimfreecoins.io/bitcoin-faucet/?r=3MVq7vBsLPiFW2F1X524Q36NTB2oy954vJ

Onebitco : Claim 7-14 satoshi every 5 minutes

http://onebitco.com/?r=3MVq7vBsLPiFW2F1X524Q36NTB2oy954vJ

Starbits : 5 satoshis every 5 minutes

https://www.starbits.io/?r=3MVq7vBsLPiFW2F1X524Q36NTB2oy954vJ

Claimbits : 6 satoshis every 5 minutes

http://www.claimbits.io/?r=3MVq7vBsLPiFW2F1X524Q36NTB2oy954vJ

For information, if you want to do like me, please use the link bellow : I will earn a little bit more as your referal !

So i start today and i will keep you posted tomorrow !

Have a good day

***

You want to help me achieve my challenge?

Here is what you can do :

You can Tip me : my bitcoin address 3MVq7vBsLPiFW2F1X524Q36NTB2oy954vJ
You can tip me for free on Publish0x. To do that you nedd to subscribe for free here :

https://www.publish0x.com?a=w9aAMx7avM (plus il will get 5% on all the tipping you’ll do !)