Bitcoin Forum

I have seen many people here on this forum who have never actually bought bitcoin including myself.
We are the guys who love bitcoin deeply and have explored different ways to accumulate bitcoin.
I have tried to acquire as much bitcoin(Satoshis actually, never accumulated a whole bitcoin  :'(  ) as I can and then traded it to increase my portfolio.
The poll results won't matter much but it might motivate some people to find ways to accumulate bitcoin too.
Also, it would be fun to see how many people are there who belong to same category.
Most probably these would be the early users who would fall in this category (not necessary though)

I last held almost 12 bitcoins in 2017, and in that very moment I actually spent them. not left till now. wrong strategy i did. probably obsessed with the first halving. that's an experience that I can't forget.

because before 2017, right 2015 and 2016 I spent two years collecting and miracles really came to my life.

That's an interesting poll, I'll try to remember to revisit it to see the results when more people vote (it's only 2 votes when I'm writing this).
I'm like you, I've never bought BTC, but I have it. A friend of mine managed to accumulate even more this way and hodles about 1 BTC. As per your assumption, he joined the forum and got acquainted with cryptos earlier than I did.
I'd like to add, however, that I don't have any specific amount that I always live in BTC. I just sell when I need to and hodl when I don't, and on average I tend to have about $1k in BTC, and it's been like that for years regardless of BTC price.

Definitely not everyone succeeds in the first few tries. If you've failed so far, go try again because the longer you wait, the harder it gets to reach one whole bitcoin as the price rises long-term.

I do trading before so I already bought a bitcoin, but it was a big mistake of mine because I've done trading even though I don't have enough knowledge, I really think that watching some videos on youtube may help me earn money from trading but it's not that too easy.
That was a sad story, well we can't blame ourselves because cryptocurrency is unpredictable, no one knows that time that bitcoin could reach its value as of this day.

Damn, that's a huge amount of bitcoins. I hope you still have a portion of it left.

I am excited about the results too but I am sure that the number of people who bought bitcoin will outweigh the other ones.
I just want to see how many have not bought bitcoins though  ;D 

That's what I do too. There's no point of holding bitcoin if we can't use it when we are in need of it. Same as you, I just use it whenever I want and hold it the rest of the time.

I am now trying to find multiple ways to accumulate bitcoin. Trading is a difficult task for me and I wouldn't like losing my precious bitcoins in an attempt to gain more.

Just a quick reminder that you don't necessarily need to straight-off receive bitcoin. You could simply start a typical brick and mortar/online business and simply use the fiat earnings to buy bitcoin. You'd end up with the same goal in the end anyway: more bitcoin.

I can't recall the thread, but I think this subject has been discussed previously. Honestly, I hadn't bought a bitcoin directly. The first time I bought Payza and PM and invest somewhere. When I meet with Bitcoin then had withdrawn bitcoin from the platforms first time and that's how I involved with bitcoin.

Unfortunately, my holding was invested (during a trade) on some shitcoin and now holding and trading a small amount of bitcoin. Most likely I will buy some if incase found a hard dip. But I don't think so we will see any hard dip.

At the beginning of my first introduction to Bitcoin, I was introduced by my neighbour, in 2015 to be precise. He taught me how to get bitcoins from faucet sites and participate in airdrops and give away. I continued to collect bitcoins until I sold them in mid-2017.

I voted, never been bought.

Before the 2017 ATH, I started collecting Bitcoin and never bought it, fortunately, I was able to accumulate almost a whole number of Bitcoin back then.  But like with others said above, I also sell my Bitcoin every time I needed and if not I hold it.

I keep on trading to accumulate a higher number of Bitcoins but unfortunately, I wasn't able to regain the highest number of Bitcoins that I had back then(just a fraction number not even a whole number of Bitcoin).  I started to collect in Satoshi's (earned it through some medium) but eventually, it grew due to trading and I also do exchanges, sometimes I sell products or render services to my peers in an exchange for Bitcoins, maybe I just love Bitcoin too much that I really exert effort to enrich my portfolio.

And now, I started collecting again after I spent all my Bitcoin due to the pandemic.

I discussed this a little in my bitcointalk interview (https://bitcointalk.org/index.php?topic=5262967.msg55205135#msg55205135) where I wrote about not having bought bitcoins directly, I have only earned them through different means both on the forum and off it. This is however not because I do not want to risk exchanging fiat for bitcoins, but most of my earnings are received in bitcoins so it makes up majority of my overall portfolio.

It's surprising how many people in the thread are also in the same category of having never bought. Although the poll may be a bit skewed as most of the Bitcoin OGs who would have bought are probably no longer very active and would not come across this post

the potential for decline will always be there, just like the middle of this year, bitcoin has dropped significantly. maybe in the middle of next year we can be given the opportunity to have more Bitcoin.
believe me bitcoin won't be short lived. :)

Although I did purchase BTC directly back when one Bitcoin was worth less than $500, I have never accumulated a lot through direct purchases. Instead, most of it has been earned various ways along the years. In fact, the total amount of BTC I've purchased ever since I got interested in BTC probably doesn't even exceed $500.

It always at least felt like purchasing BTC directly makes accumulation harder than earning it online. Gambling, trading, offering services etc have always been a bigger success for me.

Most of my BTC holdings are from my freelancing works. I have got some good amount of BTC from which I have saved a lot. Some of my clients used to send BTC as my payment and most of them are still untouched.
But later on, after 2018, I guess I have invested only in cryptocurrency.

I got to know bitcoin for the first time in early 2017, the price of Bitcoin is in a strong uptrend and in just a few months the price has gone up by 1000%, so of course most people have benefited a lot from Bitcoin. I myself have been more fortunate since I got to know Bitcoin, and there may be some people who are disadvantaged because of short-term investments and greed in altcoin trading that incur losses.

5 years using bitcoin and i have never bought a single satoshi, I like to earn bitcoins working for them, it's totally possible for those who like to work.

When I started in 2014 the bitcoin price was really low, something between $300 and $600... so was easy to get big amounts, but since this was the main income I never hold them.

I have not been long in Bitcoin am fund of saying this by now, and it won't be a shock that I am yet to get Bitcoin in vastly large amount, well if I had the money to buy one Bitcoin, I won't linger on giving it a second thought, its good asset than the money being in Fiat, so its not a choice that i haven't bought any Bitcoin, as I can remember, but would sure do in an amount I consider worth saying one had bought a Bitcoin.

I still hodl the coins that I earned by participating in various bounty campaigns in 2016-2017, but I don't think that something like that is possible today. Back in the day I was earning $400-800 from them every month, these days bounties are so oversaturated that bounty hunters probably earn $20-40 or less. Even if Bitcoin will increase in its price by a factor of 20, it's still would be worth than earning money through any traditional method and putting it into Bitcoin.

For these purposes, you need to think about USD value - you goal is to get as much USD as possible and convert it to BTC.

There are some coins that I hardly touch after earning from signature campaigns, they are because in the phone wallet which I can easily access and I just think it's going to be for use when I'm in a store where I can spend BTC.  Its sort of emergency funds.

Most of the tokens I bought with BTC are the ones I kept for a long period of time because they dip too deep, I have no choice but to just hold.

While I have in fact bought bitcoin in the past and like most people I regret not using all my capital to buy it when it was as cheap as it was back then, in fact most of the bitcoin that I hold to this day has come from accumulating small amounts of bitcoin here and there, nothing big but as long as you are constant and you keep storing your bitcoin you will be surprised at what you achieve over the long term.

In fact this is no different than any other activity, for example if you decided to learn a new language it is obvious that the first steps are going to be very hard and many people give up during those first steps but if you keep pushing you will find yourself that in a few years you're going to be very fluent in the language that you wanted to learn and the same applies when it comes to accumulating bitcoin.

I earn in bitcoin and have done so for the past few years. The only way I get fiat is by selling crypto. I have no use for fiat other than buying food and the rest. If I could use crypto I would never touch fiat again and even shut down my bank account. That's the dream, right?


Yes, but in hindsight, you can say that about everything. You can flip a coin and it lands on tails and you can say in hindsight you should have chosen tails, not heads. But we can't think this way it is a negative and destructive dangerous way of thinking

Im also into that category where i havent able to use up my fiat on buying bitcoin/satoshis in gradual manner but rather im doing other mediums that can possibly give me the chance
on accumulating it instead.

This is really indeed a reality that there were people whom do engage into this market without the need of poking out some money into your wallet if you can just earn
with just having your time and effort.

Yes, it might not be that much compared if you make out some investment but the feeling on seeing your portfolio grow due to your hard work plus a rise in the market of its price
then it can really give out that good vibes.

I guess I've bought 'some' but 95% of all my Bitcoin and Altcoins or whatever in Cryptocurrency was 'mined'. I started mining in 2013 because I was bored.

So rather than put up the Lost Gonzo BBS system again (like 5 towers back in the day) and a cost of say $60 a month in electricity for a free BBS. I 'tripped'

over Bitcoin in 2013 and figured I'd help 'micro-lending' in India, if Bitcoin took off and maybe, just maybe, the KNC Jupiter Bitcoin Miner would pay itself off

in 5-7 months and joy, of joy...'afterwards' maybe, just maybe, I could 'mine' Bitcoin for another say 5-6 months and it would be enough to pay off my house

utilities! Yea!  So, a much better hobby with electricity costs being nil, if the above worked. Needless to say at $150 BTC the day I mined for 1st time at ONE

Bitcoin a day....and currently at $19,090.09 USD from https://coinmarketcap.com/ (https://coinmarketcap.com/)...I may have 'underestimated' the impact of what my 'hobby' was.

As of now, with home mining and pretty much even data hall mining dead. (not gonna swap BTC for POW ASIC equipment anymore in full HODL mode)

I recomend that people 'attic mine' or sell crap they would otherwise die with from attic on eBay and then convert to BTC/Crypto and HODL.

This is a good way to get rid of clutter and WTH are you gonna think if you don't do this, and Bitcoin goes up 16x again or some such as it has in the past.

Almost NO risk and potentially a huge reward if the rainbow/fairy-dust/unicorn perfumed fart predictions of $100k BTC is correct at the end of 2021.

Anyway, just an aside that you can still NOT buy Bitcoin from just fiat, you can use this angle to 'attic mine' as I call it.

Anyway, what I tell 'newbies' to do now rather than buy mining machines.

Brad

At first, I started with small amount investment in Bitcoin, that was way back five years ago because one of my colleagues brought up the idea to do so. Then surfing around the Web, I have encountered this forum approximately after two years. I have read topics regarding bounties, faucets, air drops and the likes wherein one could earn not exactly Bitcoin but altcoins most of the time. Tokens or rewards from crypto projects could be traded or sold on exchanges and I decided to convert most of it in Bitcoin because it is having a higher chance in my opinion to have a price increase over the years due to its wide range of community users. But there was a point wherein I invested additional amount, specifically when I had luck the same year Bitcoin reach its ATH.

So I did "buy" some of my coins but the exchange where I did it got hacked and disappeared soon after (I managed to withdraw before it happened). None of the exchanges where I bought functions right now. Since then I've accumulated by claiming airdrops and giveaways and converting them to Bitcoin. I also took part in signature campaigns. I still have coins that date back to 2015.

I have always earned my Bitcoin by working on this forum through signature campaigns, offering services like telegram management or bounty management as most of the bitcoin's I hold are result of daily investment made towards gold. It's better to earn Bitcoin rather than buying.

I started collecting Bitcoin in 2015 and started from working on faucets, it's not like now working on faucets is not very feasible.
After that I participated in many bounty campaigns and airdrops to get free coins which I then bought Bitcoin. 2017 was my biggest
mistake in the crypto world, I decided to buy Bitcoin at that time with borrowed money from a bank. Finally, in 2018 I became in debt,
because the Bitcoin price fell and I couldn't pay my debt. Finally I had to sell some of my assets to pay off the debt I had, and since
2020 I decided to collect Bitcoin not by buying it. But I collected it from the bounty campaign.

That's a huge amount. 12 bitcoins? I can't even have one within the span of three years that I'm here. But your story's kinda sad. Anyway, I'm sure you'll be able to earn that again. Don't lose hope.

As for me, I'm still earning and holding because I just feel like it basically. And also, I want to experience earning even one bitcoin. I haven't tried buying one. I prefer earning than buying, I guess.

I think not really that bad because he had been collecting bitcoin from 2015 when we know that bitcoin that time is cheaper than today's market. So I guess that even during the halving when sell the btc still that was a big profit for him. However, he still regret it because of the halving where he had been luckier if he sell the btc he had during the bullish trend especially at the current market for bitcoin and other cryptocurrency.

life there is no satisfaction, does it look human?

You are right that I was very lucky, moreover I got it without spending a penny.
history remains history, it will be a beautiful story for the rest of my life. dreams come true, it really does exist.

Again, IMHO, there is a 'chance' that we are still in the early adoption stage. Say someone sells the crap out of the 'attic' on eBay or 'attic mining' and gets as much

frigging dust as they can at this point in time of 2020. Say they manage through garage sales/estate sales/selling crap they otherwise will die with. Doing such, for

fun, like mining in a bit by bit manner, could really pay off yet. I mean what if the pundits and bulls of Bitcoin are correct and in say 5 years you are looking

at $500,000.00 per Bitcoin. It is not like Bitcoin in the past depending on 'adoption' has not gone up 5x,8x,16x before.

at that price your $10,000.00 investment at say an average cost of $20,000.00  would be about 1/2 a Bitcoin. or $250,000.00 if you went into HODL mode.

So we may have been lucky and myself in at 2013....but there is only so much 'virtual land' to go around to base worth on into the blockchain, so it could

happen. so again, I should do this, newbies should do this, etc. Worse that happens is you have a bit of light fun dumping stuff for BTC dust on eBay and

get rid of the clutter... In the long term though you could maybe be still as lucky as someone like me that got into BTC/Crypto in 2013.

The main thing is to accumulate and HODL for next 5-10 years or so. In 'whatever' the manner, just in case the above is true. :)

Brad

I bought bitcoin a couple of times but that was like two or three years ago. Currently i'm in a similar position where i'd try to accumulate bitcoin in other ways possible. Most of what I had came from signature campaigns, giveaways and some gambling here and there. While i'm accumulating I have to sell some of them every month so I don't get to keep as much but I don't mind as long as it's growing.