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Title: What do you think of your first contact with BTC? Post by: Tarin Hart on May 27, 2021, 09:33:10 AM The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different.
In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees) Title: Re: What do you think of your first contact with BTC? Post by: mk4 on May 27, 2021, 09:44:03 AM In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees) What's great about it is, people can transact using BTC whether their governments are for it, or against it. :P That's the power of having an actual decentralized asset. They can illegalize it, but they can't technically ban it. Title: Re: What do you think of your first contact with BTC? Post by: Ucy on May 27, 2021, 10:21:58 AM I think it just felt right when I first saw it and read about it. It felt like a global Community Bank that is monitored and regulated by members.
Safe usage of Bitcoin by honest participants/users/community from anywhere in the world is what makes it legal. If you could have participants/users use it on decentralized/p2p platform or network, that has good ideals like transparency, immutablity, fair rules, reputation, censorship resistant, permissionless/trustlessness, privacy/anonymity, network consensus, etc .. you would be using it the right way Title: Re: What do you think of your first contact with BTC? Post by: Oshosondy on May 27, 2021, 02:12:23 PM What's great about it is, people can transact using BTC whether their governments are for it, or against it. :P That's the power of having an actual decentralized asset. They can illegalize it, but they can't technically ban it. Even who are the ones that want to ban bitcoin, I am not surprised to see bitcoin not banned in many countries, when the leaders of the countries also like to invest in bitcoin and gain and increase in wealth. Bitcoin is hard to ban, the human nature makes it impossible, but the government are trying to make sure bitcoin can be linked to individuals having it, this is the modern day threat that many people are not concerned about which can pose more risk in the future. But as for bitcoin ban, it is not possible just like you said. Title: Re: What do you think of your first contact with BTC? Post by: Luzin on May 27, 2021, 02:27:37 PM The beginning of knowing bitcoin is a number on a computer that can become money. I learned this from a friend of mine in college and is currently working. My wish used to be to make more money by multiplying my BTC by trading.
But after all this time I understood bitcoin was going to be the money of the future. Some of the government applications that they have authorized in principle are similar to crypto. A valued and recognized number. Until now, some countries in the world still limit crypto as an asset. Although some countries in the world have legalized it and there are no special rules in the world, each country has different rules. They have become aware of crypto enthusiasts, and there are even some countries that have started to tax crypto. Title: Re: What do you think of your first contact with BTC? Post by: dothebeats on May 27, 2021, 06:29:27 PM It was a pretty meh moment until I discovered that it can be traded with real money. At that point I started to think that bitcoin isn’t just for the memes but rather for something pretty useful, too. The first transaction was special, and the first purchase with bitcoin too. It’s not an eye-opening experience to say the least but it helped me view payments and cryptocurrencies in a much more serious light.
Title: Re: What do you think of your first contact with BTC? Post by: isaac_clarke22 on May 27, 2021, 07:36:31 PM ~ It still uses a third party payment system though. I would be happy if it somehow becomes adopted a lot. Would really love to see those signs "Bitcoin Payment Accepted in here". I would even try to buy random items from them and have the real p2p Bitcoin transfer, not merely by 3rd party apps that are most likely still regulated and I don't hold the money for real because it is an online wallet. Title: Re: What do you think of your first contact with BTC? Post by: Gamerholic on May 27, 2021, 08:11:28 PM If you do not go into technical details, I believe that for most people in the world when the time comes and bitcoin is all available and applied everywhere, it will not matter. After bitcoin is recognized as a world currency, there will be no such problem as understanding the blockchain, even if some commission mechanisms appear, in any case, this is what we will all come to, and I think that I will live up to this moment. The main thing is that the contact with bitcoin of my children is pleasant, clear and simple.
Title: Re: What do you think of your first contact with BTC? Post by: ILuckyGuyI on May 27, 2021, 09:20:41 PM It felt myself very special when I first contacted with BTC. I was coming across a totally different monetary system which seemed really interesting. I really liked the thing that it was all under my control.
Title: Re: What do you think of your first contact with BTC? Post by: just_Alice on May 27, 2021, 09:52:45 PM It's not the only difference, e-payment and BTC are so different it's not ever right to compare them. It's a whole new system, a new era, the only common thing with e-payment and BTC is that they both payments aren't done physically, but e-payment is, essentially, fiat, only transferred in a specific way, while Bitcoin isn't just a form of payment.
- PoW (Bitcoin) vs PoS (e-money), makes Bitcoin less vulnerable to attacks and manipulation attempts - limited amount of BTC coins vs the potentially unlimited amount of fiat - runs on a blockchain system - decentralized - no third-party verification of transactions (which is why, if you stick to certain rules and use mixers you can avoid tracing) - total control over your funds - many use it as an investment, by many countries Bitcoin is considered an asset, rather than a form of payment The list can go on, but, I think, you can see the extent of the difference at this point. Title: Re: What do you think of your first contact with BTC? Post by: Twentyonepaylots on May 27, 2021, 10:31:14 PM Bitcoin covers a vast array of countries and territories, plus it's much more secure and covert compared to regular e-payment that would only be secluded in accepted countries with verified branches and of course the fact that it would require you to input your personal details therefore putting your identity at risk with every transaction.
Title: Re: What do you think of your first contact with BTC? Post by: verita1 on May 27, 2021, 11:17:14 PM Looking at it that way OP. Paying with bitcoin makes you a citizen of the world and be able to pay without borders, without a credit card that for some is difficult to obtain.
My first bitcoin wallet filled me with excitement. Then that emotion grew when I began to fill it with my first sats, as well as giving sat gifts to my older nephews. Bitcoin is my present and my future, I am also planning with it the future of the smallest children in my home. Title: Re: What do you think of your first contact with BTC? Post by: Dread Pirate Roberts on May 27, 2021, 11:17:57 PM First time im using bitcoin i think " this crypto had very unique system which is blockchain " you can see daily transcation on blockchain wordlwide . your transaction transparent but also anonymouis. and at that time in 2012 btc had the lowest fee for each transaction when other payment system had big fee for every transaction . and now bitcoin has the biggest fee :'(
Title: Re: What do you think of your first contact with BTC? Post by: Barry Mantle on May 28, 2021, 02:45:05 AM When I first came into contact with Bitcoin, when I was in college, I didn’t know much about this cryptocurrency. At that time, some of my classmates bought a small portion of Bitcoin and asked if I wanted to invest with him. I I rejected him at the time because I thought it was an extremely risky kind of scam, but now I understand that Bitcoin is a decentralized currency, and I have a sense of trust in its security and privacy.
Title: Re: What do you think of your first contact with BTC? Post by: clippers on May 28, 2021, 02:50:17 AM The main difference between Bitcoin and fiat currency in electronic payment is decentralization, and there is no need to go through an intermediary. More convenient international transactions and more secure anonymity are the advantages of Bitcoin, and Bitcoin can do everything that legal currency can do.
Title: Re: What do you think of your first contact with BTC? Post by: CryptopreneurBrainboss on May 28, 2021, 04:31:57 AM <°°°> First impression matters alot, I guess that's why many people are misunderstanding what bitcoin is all about because they first came in contact with it from a scammy way like the doublers, ponzi and multi-marketing scheme all over the internet, some even invested in the crowdfunding romising mouth watering returns and decieving gullible investors into patronize them because of greed or ignorance. Although my first encounter was from a negative medium which is ponzi scheme, it took determination and willingness to learn what the technology was all about for me to continue the search for understanding when everyone else was crying and condemning the currency Many people don't have that in them, so it's quite understandable when they see bitcoin with a negative mindset. Title: Re: What do you think of your first contact with BTC? Post by: AniviaBtc on May 28, 2021, 05:08:42 AM Being honest, I found bitcoin because my friend introduced it to me that it will help me financially.
At first, I thought that this will make me super rich but I was wrong. Without hustle and diligence, you will never succeed in cryptocurrency investment. Bitcoin is mainly used in transaction but this is also a source of profit in trading or in holding so it is you choice on how you will make bitcoin productive for you. Title: Re: What do you think of your first contact with BTC? Post by: davis196 on May 28, 2021, 05:36:45 AM The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different. In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees) My first contact with Bitcoin was back in 2015.I received 1 Bitcoin,valued at around 300USD back then,and I sold it immediately for funds in my Skrill account.I was afraid that the Bitcoin price will collapse. ;D I didn't care about blockchain technology,decentralization,anonymity,etc.I just wanted an alternative to PayPal and I though that BTC seems like a pretty decent one.The BTC transaction fees were pretty low,back then. :'( Title: Re: What do you think of your first contact with BTC? Post by: patientforzhou on May 29, 2021, 08:42:37 AM Bitcoin certainly cannot be banned. This kind of benefit to people is difficult to prohibit. The first contact was during school. I understand that this will be the currency of the future, and I have re-understood it.
Title: Re: What do you think of your first contact with BTC? Post by: mhine07 on May 29, 2021, 08:48:22 AM The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different. Countries cannot ban bitcoin, they can limit its sources but they will not kill it. Its the essence of the growing community of bitcoin when its first launch in the world of cryptocurrencies its name nailed it in most of the countries in the world and some make it one of their profits. In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees) Title: Re: What do you think of your first contact with BTC? Post by: kojektea on May 29, 2021, 08:54:07 AM the first time I knew bitcoin like a normal person, I thought it was just a toy coin that could be exchanged for money just like you play in a toy place and then get a coin, this time just by the name of bitcoin, but I remain interested in it, I tried it and until now I still learn it.
In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees) What's great about it is, people can transact using BTC whether their governments are for it, or against it. :P That's the power of having an actual decentralized asset. They can illegalize it, but they can't technically ban it. You're absolutely right, It's been often in my country to hear that bitcoin is immediately banned. But there is no bad change, bitcoin but in demand, used, until in my country declared bitcoin is a commodity money authorized. And now in my country many cryptocurrency projects are growing. [moderator's note: consecutive posts merged] Title: Re: What do you think of your first contact with BTC? Post by: Mpamaegbu on May 29, 2021, 10:24:17 AM What's great about it is, people can transact using BTC whether their governments are for it, or against it. :P That's the power of having an actual decentralized asset. They can illegalize it, but they can't technically ban it. It's this feature that is preventing those governments banning BTC from crippling the finances of their citizens. The worse any dictotarial country can do is ban but can't prevent it's people from using it.It's this same advantage that saved Nigerians at the time when the country's government banned Bitcoin because it wanted to prevent any future demonstration or rebellion after the stauch #endsars protest that rocked the country and gave the government more than what it bargained for. I believe in the next few years from now, any announcement of countries banning Bitcoin or cryptocurrency won't be shaking anyone again as people would've have got used to the fact that government can't destroy Bitcoin. Title: Re: What do you think of your first contact with BTC? Post by: kotajikikox on May 29, 2021, 10:39:20 AM The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different. My frsrt contact with BTC? well like majority thinks ? that this is just another scam or lies because those time i don't even believe in E-payment method .In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees) Just recently when i realized that E-payment is also good method of payments because like BTC i only tend to hold and just in sometimes that i let this used for paying some bills or if there is a establishment that accepts BTC as payments. Title: Re: What do you think of your first contact with BTC? Post by: worle1bm on May 29, 2021, 10:50:51 AM The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different. Your e-transaction are settlled by a third party which is your bank and act as an intermediary and can always block your funds if you have not valid proof for your income source.But on the other side you can globally make transaction with Bitcoin without any third party and low fees which is not the case with fiat currencies.In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees) Government can change denomination of notes,can ban your funds, confiscate your money in banks but they can't control your funds in non-custodial wallets and can't ban Bitcoin at any cost.They want to make joint effort to shut down internet which is not possible in any case as World could not function in its absence but still the offline transaction will can be conducted on bitcoin network.So that's btc for you. If you actually know the usage of Bitcoin then you would not have compared it with the legal fiat of any country as they both are different in nature though similar use. Title: Re: What do you think of your first contact with BTC? Post by: DoublerHunter on May 29, 2021, 10:53:54 AM The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different. My frsrt contact with BTC? well like majority thinks ? that this is just another scam or lies because those time i don't even believe in E-payment method .In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees) Just recently when i realized that E-payment is also good method of payments because like BTC i only tend to hold and just in sometimes that i let this used for paying some bills or if there is a establishment that accepts BTC as payments. Title: Re: What do you think of your first contact with BTC? Post by: dezoel on May 29, 2021, 12:30:16 PM The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different. That your explanation of electronic payment is wrong, electronics payments are available to be used in most places around the world, and there is no difference between electronic payment and Bitcoin, Bitcoin is also an electronic payment. The meaning of electronic payment stands non-cash transactions that are done without the need for a paper check or physical cash.In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees) There are lots of electronic payment methods around these days, Bitcoin, PayPal, Payoneer, and a lot of them. The difference between Bitcoin and other electronic payment methods is decentralization; while other payment methods can’t function in all the states/countries due to one reason or the other, Bitcoin can be used anywhere around the world, whether legal or illegal. Title: Re: What do you think of your first contact with BTC? Post by: SacriFries11 on May 29, 2021, 01:29:50 PM the first time I knew bitcoin like a normal person, I thought it was just a toy coin that could be exchanged for money just like you play in a toy place and then get a coin, this time just by the name of bitcoin, but I remain interested in it, I tried it and until now I still learn it. Great to know that you’re the one of the luckiest people in the world to immediately knew about BTC, not all people know about this and I think we’re blessed to knew the currency of the future. First time I knew it, when my colleague asks me do I know about BTC and the way he speaks to me about the BTC the more I convinced to try it. I immediately knew that it’s the currency of the future. I know that BTC will surely dominate the market, still didn’t lucky to buy at least 1BTC back in 2017 when I the first time I knew it but still blessed that BTC helps me a lot financially. Title: Re: What do you think of your first contact with BTC? Post by: Trinx01 on May 29, 2021, 02:01:52 PM The first time I contacted BTC is only last year, I am a student at that time so I wasn't able to invest especially when the price goes down too deep to $3900 but it is okay maybe that is not the right time for me and I know that there are still a lot of chances for me in this world of crypto, I really like this cryptocurrency because with this I was able to earn money unlike on fiat currency that there is no way to earn money unless you will have a work physically which requires age to get hired.
Title: Re: What do you think of your first contact with BTC? Post by: nightxglow on May 29, 2021, 03:02:53 PM My first contact with btc is...confusing lol. I don't know anything about bitcoin, and it's still new that time, not that many article that explain about it too in my language, that i can read to understand it comprehendly. However as time passes by, oh well i guess bitcoin is quite nice, except the fact that the transaction fee can be insanely high and nonsense though, which is my only complain regarding bitcoin. However, still understandable and acceptable. At first it's just like complicated confusing thing, but now i kinda adapted to bitcoin already.
Title: Re: What do you think of your first contact with BTC? Post by: lepbagong on May 30, 2021, 10:23:22 AM in 2017 when I started to know bitcoin and even then not directly, but through other coins and had to be exchanged for bitcoins and all I know from people is that it has to be exchanged for bitcoin even though it can also be used for other coins (only found out astray later), because at that time just knowing bitcoin so i just did that and it obviously started with confusion too, but ended up getting it done. even though they did not dare to exchange large amounts for fear of being wrong and only dared little by little for fear, fortunately at that time the transaction fees were not too expensive.
With the journey, I finally learned a lot and began to know clearly and finally got used to it and until now it's safe, although now to get bitcoin it seems that it is a rare item, which is often only altcoins. Title: Re: What do you think of your first contact with BTC? Post by: pilosopotasyo on May 30, 2021, 10:58:12 AM It's hard to understand that I don't think I can learn everything on it in just one lesson I have to watch a lot of videos on Youtube to fully understand the concept of Cryptocurrency, but when I got it I was so excited because of it's potential in the future until now I'm still excited because I already made a profit and continue to make a profit and have seen how the world adopt it.
Title: Re: What do you think of your first contact with BTC? Post by: bryant.coleman on May 30, 2021, 01:13:16 PM The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different. In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees) If I remember correctly, the first time I made payment using Bitcoin was in 2013, and it was for CryptoThrift. Waiting 10-15 minutes to get the confirmation was new for me, and I was nervous about it initially. Gradually I got used to lengthy delays in getting a confirmation. Back then, there were not much options to spend your coins and a lot of people were wasting their BTC with Satoshi Dice (Bitmit and CryptoThrift were the only market places, AFAIK). Everything changed by mid-2013, when the exchange rates suddenly went up from $5 per coin to $250 per coin. Title: Re: What do you think of your first contact with BTC? Post by: Connor5471 on May 30, 2021, 01:41:28 PM my first impression of bitcoin is a strange environment because I used to the fiat system as we all know, we used it on daily basis and we physically used it to pay something in our life, and when the first time I got into the bitcoin world I had to figure a lot of things about the mechanism and the technical system and because of the volatility of its value, I guess bitcoin is an asset for the future and innovation for our new currency system.
Title: Re: What do you think of your first contact with BTC? Post by: Shenzou on May 30, 2021, 05:49:11 PM The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different. The first time that i ken about bitcoin whas back in 2011 when i saw a report on the TV about a guy mining bitcoin and earning money from it, at first i didn't pay it any attention because i was young, but a couple of years later i came across it again when searching for a way to make moeny online, at first i thought it was complicated but after a while i learned the basics and quickly came to realize of how great and convenient using bitcoin is , and i still think about what would have happend if i invested in it earlier.In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees) Title: Re: What do you think of your first contact with BTC? Post by: Yatsan on May 30, 2021, 07:41:02 PM The first contact I have with Bitcoin way back the year I have started which is 2016, I feel a little bit strange on how the amount I have in my wallet then is suddenly changing at a period of time having a certain amount of Bitcoin and its equivalent value on my national currency conversion makes me feel a bit nervous up until I have understand its nature to be volatile making it be able to have ups and downs unexpectedly. Also, it makes me think on how such thing exist in the world for I have become familiar with the common currencies and that is the first time I came into encountering cryptocurrency in the name of Bitcoin. But those that I have mentioned were just some sort of first impression that I bet we all commonly have experienced having in contact with Bitcoin way back then.
Title: Re: What do you think of your first contact with BTC? Post by: dunfida on May 30, 2021, 07:58:38 PM The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different. When it comes to;In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees) -Decentralized -Irreversible Transaction -Anonymity Then its way too miles ahead if we do compare it to fiat and this is why it did really get soo much community support due into that characteristics. For us to be noobs then its understandable that we cant grasp out everything in one go specially if we are just starting but due to experience and more read ups then we would really be able to uncover on whats the real deal. Title: Re: What do you think of your first contact with BTC? Post by: Ryker1 on May 30, 2021, 08:44:50 PM The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different. Well, there are too many unclear issues when I first contact bitcoin, --the number of false information that I encountered is that bitcoin is a scam, fraud, or a Ponzi scheme project or belongs to the pyramiding scam. But that is not, I dug too much information regarding bitcoin and in that way, I fully understand what it is, how this will work, and how useful the technology behind bitcoin and that is a blockchain. Due to curiosity, I found this forum, and that was given light on my mind that bitcoin is good for investment or a way of payment across the borders. Until now I did not feel any regret that I have found this coin and now it becomes the number one cryptocurrency.In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees) Title: Re: What do you think of your first contact with BTC? Post by: GreatArkansas on May 31, 2021, 03:24:14 AM The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different.(....) We are almost the same experience for discovering Bitcoin in the past.Same with me, I was able to use Bitcoin before to alternative payment method, so instead of another electronic payment system, like Paypal I used Bitcoin, and that's the time I started to become curious about Bitcoin and everything changed. There are really a lot of differences between Bitcoin and other electronic payment system, the one you mention is one of them. Title: Re: What do you think of your first contact with BTC? Post by: TOM Bb on May 31, 2021, 03:37:51 AM Recognize the investment risks and calmly face the ups and downs of the market. Some people are making money. Naturally some people are losing money. Although the digital currency market fluctuates greatly, there is no guarantee that everyone will make money. The rise in the market is naturally exciting, and we must remain calm when it comes to falling. Rise and fall are natural, and there will be no currencies that only rise but not fall in the market. The reason why the currency will rise is because there are constant funds entering the market, which will gradually increase the market. When faced with a decline, we must not be discouraged, we must be patient, and we can also perform appropriate operations.
Title: Re: What do you think of your first contact with BTC? Post by: cabron on May 31, 2021, 03:46:33 AM The first time I got BTC, it didn't feel good because I don't know how to spend it. I got about $12 as a fee from someone who hired me to edit a photo for him. It was quite new to me and didn't have any job anyway so I took the job. Nothing special after receiving the BTC but it started becoming special when I end up reading things and find out how it really will work. The only way you can see it very differently when you know exactly how BTC could be much more than just a currency. Title: Re: What do you think of your first contact with BTC? Post by: iTradeChips on May 31, 2021, 04:27:47 AM My first encounter with Bitcoin was like from another planet. But because I spent my childhood playing play money with my classmates at elementary, I had that excitement or childish excitement thinking that , "wow! It's like digital play money". And being a responsible adult I was then, I tried to get Bitcoin not by investing but by working on it. I do not like taking my money into risks then so I researched and found this forum, and found threads for Bitcoin bounties then. That was 2016 and it was an interesting experience.
Title: Re: What do you think of your first contact with BTC? Post by: kotajikikox on May 31, 2021, 04:37:19 AM The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different. My frsrt contact with BTC? well like majority thinks ? that this is just another scam or lies because those time i don't even believe in E-payment method .In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees) Just recently when i realized that E-payment is also good method of payments because like BTC i only tend to hold and just in sometimes that i let this used for paying some bills or if there is a establishment that accepts BTC as payments. then i presented to my friends. colleagues and family and i got the same thoughts as yours . they even Prevented me to extend my investments until the bitcoin price climbs up in 2017 . Title: Re: What do you think of your first contact with BTC? Post by: shoreno on May 31, 2021, 05:34:26 AM e payments are online because theres an "e" in its name , short for electronic . btc is under the electronic payment but if there will be difference that is btc is decentralized while the rest of the e payments that people are using is centralized . any e payment can be legal or illegal depending on the country you are living but if we compare btc to the rest of the centralized e payments , btc has a problem with legalizations to fewer countries
Title: Re: What do you think of your first contact with BTC? Post by: Tristan Bieber on May 31, 2021, 05:57:49 AM The first official understanding was 17 years. At that time, it was difficult to buy coins on the exchange for less than three months, and it was difficult to buy coins for 94 coins. Domestic exchanges and various digital currency transactions were banned. At that time, a large number of exchanges began to move. In other countries, mining was not completely banned in China at that time, so there are still many mining machines in the country that are mining normally.
At that time, there was a big guy around who strongly recommended that Bitcoin is worth buying, and he said many advantages. At that time, he was ignorant or even believers. Ahaha, I can’t escape the law of truth. I now believe in Bitcoin and spend it every month. Fixed investment, is also one of the operators of the currency circle and blockchain website. Title: Re: What do you think of your first contact with BTC? Post by: irsykes on June 01, 2021, 04:20:56 PM The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different. First contact with BTC, what is in my mind is i can buy mobile data, or maybe pay electricity bills with money that i can earned online. At past there are a lot of site in my country that allow us to deposit BTC (although it is converted to fiat automatically) but with that i don't need to go to shop or maybe no one around me can know i can earn money online and buy digital product by myself. In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees) Title: Re: What do you think of your first contact with BTC? Post by: PIR on June 02, 2021, 03:23:06 AM BTC is the mainstream of cryptcurrency.. its like a bridge to connect the entire world- in a bigger sense although not all countries legalize bitcoin yet eventually I believes as they progress and understand the value of bitcoin they will accept it and not banned it. while e-payment on the hand helps local and foreign for their other transaction
Title: Re: What do you think of your first contact with BTC? Post by: ampu on June 02, 2021, 10:11:22 AM My first time buying Bitcoin I invested in a project, a website to earn money and Bitcoin is the best intermediary for me to put cash into that website. For me, Bitcoin is a medium of payment. It wasn't until much later that I became conscious of Bitcoin's technology and its potential to increase in value. I was very regretful because when I bought Bitcoin to put on the website the value of each Bitcoin was only a few hundred dollars. If I had kept them until now, I would have been rich.
Title: Re: What do you think of your first contact with BTC? Post by: doomistake on June 02, 2021, 11:34:26 AM The way they are being transfer is the same, but the network they are using is different. Bitcoin uses Blockchain which is better than those e-payment like paypal, or whatever e-wallets you use in your country. Bitcoin has its advantage and unique characteristics and my favorite it its volatility that means profit in the long run, unlike fiat that's giving you nothing but inflation.
Title: Re: What do you think of your first contact with BTC? Post by: Obito on June 02, 2021, 11:39:40 AM My first contact with bitcoin was during my senior year in highschool when my friend introduced me to bitcoin, I had around 100$ worth of bitcoin back then and I was happy to even get to that point because there isn't a lot of bitcoin to go around and all I do is try and save my bitcoin and it did pay off when the 2017 pump happened.
Title: Re: What do you think of your first contact with BTC? Post by: peter0425 on June 02, 2021, 11:47:30 AM My first contact with bitcoin was during my senior year in highschool when my friend introduced me to bitcoin, I had around 100$ worth of bitcoin back then and I was happy to even get to that point because there isn't a lot of bitcoin to go around and all I do is try and save my bitcoin and it did pay off when the 2017 pump happened. Means you have sold the coins when the ATH happens in 2017?and you don't even care to buy again? 2021 is your biggest regret as well? Title: Re: What do you think of your first contact with BTC? Post by: Nunoluck on June 02, 2021, 12:03:50 PM My brother was who introduced me to bitcoin. At the first time, I only see bitcoin as not so important thing. At that time I already have a job in a company as planning department staff, in my head there is nothing as effective to earn money as run a company. But now I realize that that is just the way of thinking of an employee. I can't become rich as now if I only work as an employee like that. After I learn more about bitcoin, indirectly I also learn about economy, investment, asset, pasive income and etc. And now I decide to continue my study at university to learn about business management. So beside knowing that bitcoin is the best digital payment method, now I have some knowledge that very useful such as how to invest, trading and etc. Also thanks to legendary members and other members who share their knowledge and experience here.
Title: Re: What do you think of your first contact with BTC? Post by: Sanugarid on June 02, 2021, 02:03:26 PM The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different. In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees) [/quote . I'd discover BTC way back in 2018 and I have no idea about the difference between crypto to e-commerce since both are using the digital modes of payment. However, I just realize it a year after exploring cryptocurrency. What makes the system used in BTC different from electronic payment is being decentralized and not being regulated nor monitored by the government. Also, BTC is not really a legal currency that could only exist and be useful in the crypto world but it could be exchanged into fiat money. Title: Re: What do you think of your first contact with BTC? Post by: ShowOff on June 02, 2021, 04:53:02 PM Not much crossed my mind when I first got to know bitcoin. I just think that bitcoin is a future investment asset that many people should consider in addition to other investment option. Although at first I didn't think it would be a mean of payment in many countries, but I'm pretty sure bitcoin has more potential and uses then in the future. To be honest, I would probably feel a little disappointed when I have to look back at bitcoin's past versus today. I failed to take advantage of so many opportunities to get more for cheap and now I feel like it will never be good to remember.
-snip- Correction your quote.Title: Re: What do you think of your first contact with BTC? Post by: Slow death on June 02, 2021, 04:53:21 PM My story is quite strange, I remember that I met bitcoin and the first bitcoin I received was thanks to this forum and I didn't know how to send bitcoin, I didn't know how to see the transaction on the blockchain and I had no idea of the great potential of bitcoin as an investment and I didn't know about trade and exchanges... after a few months I realized that it would be very difficult to have bitcoin through the forum because at that time my ranking was low and I didn't participate in a signature campaign, that's when I decided to sell my stuff and I bought bitcoin, at the time I was anxious and it was a very good experience and at the same time a great test of my patience, because I bought bitcoin using my bank money for payza and at that time payza took 3 days to review the transaction and then I sent bitcoin to the person's wallet, I was worried that my bitcoin would not reach my wallet, luckily 3 days later my bitcoin arrived in my wallet.
Title: Re: What do you think of your first contact with BTC? Post by: sportclub2010 on June 02, 2021, 08:45:28 PM In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world I remember 10-15 years ago ... As now I worked remotely. What problems I had with the execution of bank documents. It was even when I transferred money through third countries. With the massive adoption of Bitcoin and other digital currencies, all these problems have disappeared for me. I receive a salary from any country in one click of the mouse. Title: Re: What do you think of your first contact with BTC? Post by: OgNasty on June 02, 2021, 08:52:52 PM The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different. In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees) I thought it was absolutely amazing. I could send money anywhere in the world instantly and nearly for free. I saw lots of places accepting it, developers building all sorts of amazing things, the community helping each other and freely sending BTC to each other for jokes and assistance... I felt like I'd discovered an internet paradise. Sure, Bitcoin and the community today is unrecognizable by that description, but rest assured that at one point, this technology was awesome and this community was the best place on the internet. Now we're skating by on nostalgia and signature payments, but man was this place something special 8-10 years ago. Title: Re: What do you think of your first contact with BTC? Post by: LUCKMCFLY on June 02, 2021, 09:27:09 PM The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different. In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees) My first contact with BTC was something incredible, the truth was I could not believe that I had made a purchase with BTC, money that was much faster to transfer than in a traditional bank, the truth that most caught my attention was when I understood that The volumes of money can reach from the farthest place on earth to any other without the need to ask for permits, or authorizations from third parties, going over banks and especially governments, I think that was what impacted me the most. At first I believed that this technology was not nor did it belong to this world, I even thought if we really deserved it, or if it was from another parallel universe, all those things crossed my mind, and later is when I began to read much more And to understand, of course there are many things of a technical nature that I still need to learn, I believe that learning never ends. Title: Re: What do you think of your first contact with BTC? Post by: sapnu on June 02, 2021, 09:33:46 PM At first I thought it was just a currency in games but as I learned more about it, I started getting more interested. My friends told me about it and encouraged me to find ways on how we can earn from it. As soon as we got the chance to earn which is here in the forum, we did everything and we started investing. Everything went into mess when the bull run last 2018 happened but now we are trying to make up for the mistake we did before and even though it is the bear market, we're not giving up on our investment once again.
Title: Re: What do you think of your first contact with BTC? Post by: DarkIT on June 02, 2021, 10:02:47 PM My friend had teach me about bitcoin.During my college days,he said about the online currency.Where we can convert to usdt.Then it will be our pocket money during the college days.My college days was more progress by this bitcoin.I had enjoyed a lot with this online earning.But now,huge and huge people into crypto online earning and became a competition to old people.
Title: Re: What do you think of your first contact with BTC? Post by: Twinkledoe on June 02, 2021, 10:15:57 PM My first contact with bitcoin was during my senior year in highschool when my friend introduced me to bitcoin, I had around 100$ worth of bitcoin back then and I was happy to even get to that point because there isn't a lot of bitcoin to go around and all I do is try and save my bitcoin and it did pay off when the 2017 pump happened. It was 6 years ago for me and didn't know yet this forum back then. A close one in my family sent some satoshis to me like about worth $40 at that time using the local crypto website just for me to believe that btc can be converted to fiat money. I sent it to my bank account and thought back then, that wow, it will be another source of money. And from then on, I searched how to earn free cryptocurrencies, remember those faucets for btc, doge, earthcoin, and others. I used my collected satoshis to top up my phone. But still not yet a member of this forum. I was first oriented with freebitco/freedoge, cryptsy, primedice. ;D Title: Re: What do you think of your first contact with BTC? Post by: adzino on June 02, 2021, 10:54:38 PM The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different. No country has to agree. It is a decentralized currency. Anyone can use it. No country in the world can put a ban on bitcoin or most other crypto currencies. This is why decentralization is important. If it was some shitty centralized coins, it could be taken down easily. In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees) Even if the country doesn't "agree" with bitcoin, you can still use it. No one can stop you. As long as you are not involved with fiat currency (more like sell crypto for fiat), then your government won't know that you are using bitcoin. Title: Re: What do you think of your first contact with BTC? Post by: DarkDays on June 02, 2021, 10:56:58 PM I regret not buying more... Though, at the time it just didn't seem like it would turn into what it is today.
It was also a different concept and when new things come along many people are not sure how to react. I remember thinking that not many people would want to buy this coin - and how wrong I was. Anyways, the growth that BTC has seen itself and the ripple effect into what we know today as the crypto world has been massive, and I think with more institutional effort this is just the beginning. Title: Re: What do you think of your first contact with BTC? Post by: BuNga_cute on June 02, 2021, 11:04:58 PM My first contact with bitcoin was during my senior year in highschool when my friend introduced me to bitcoin, I had around 100$ worth of bitcoin back then and I was happy to even get to that point because there isn't a lot of bitcoin to go around and all I do is try and save my bitcoin and it did pay off when the 2017 pump happened. It was 6 years ago for me and didn't know yet this forum back then. A close one in my family sent some satoshis to me like about worth $40 at that time using the local crypto website just for me to believe that btc can be converted to fiat money. I sent it to my bank account and thought back then, that wow, it will be another source of money. And from then on, I searched how to earn free cryptocurrencies, remember those faucets for btc, doge, earthcoin, and others. I used my collected satoshis to top up my phone. But still not yet a member of this forum. I was first oriented with freebitco/freedoge, cryptsy, primedice. ;DEveryone does have an interesting story related to their first contact with Bitcoin, I also believed in Bitcoin when I managed to convert Bitcoin into fiat. And managed to make a withdrawal to my bank account, since then I am the same as you trying to collect as much Bitcoin as possible. Because when I first collected Bitcoin I started from the faucet, because at that time I was still looking for a way to collect Bitcoin without having to spend money. Finally from the many faucets that I follow, I managed to collect a lot of Bitcoins. But at that time the price of Bitcoin was not as expensive as it is now, then there's not much I can buy from selling the Bitcoins I have. But everything changed when the Bitcoin pump in 2017, I am more serious about collecting Bitcoins. I even dared to make a deposit to be able to trade Bitcoin. Title: Re: What do you think of your first contact with BTC? Post by: sulendra12 on June 02, 2021, 11:05:53 PM The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different. The good thing is, at first the government were against cryptocurrency or bitcoin in general because it's a fraud and they are thinking that this assets are commonly used for illegal crimes such as money laundering, terrorism etc. But, once they know the great thing about cryptocurrency and the system behind it. They are starting to use it :D, so many countries have been experienced this shit.In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees) Title: Re: What do you think of your first contact with BTC? Post by: Xinarae* on June 03, 2021, 02:20:59 AM At first, the value of bitcoin was very low in many countries the government reduced the amount of investment by many traders due to lack of legalization but later the amount gradually increased. Bitcoin is a highly volatile currency and it is important that you understand all the risks involved before spending any money bitcoin is very popular in crypto at present and its demand is higher than other currencies. It is easier to invest in bitcoins today than ever before because of the lack of legitimacy and government intervention.
Title: Re: What do you think of your first contact with BTC? Post by: Rajamuda on June 03, 2021, 04:06:31 AM This is an interesting thing because at first I thought it could not develop well, it seemed worthless especially in my country, but after all.. of course it is not only in one or two countries that bitcoin is known, it was increasingly globally with technological developments, especially in terms of finance and investing.
Title: Re: What do you think of your first contact with BTC? Post by: bitzizzix on June 03, 2021, 04:30:08 AM When I first got to know Bitcoin, it started with some of my friends which confused me because they don't have permanent jobs but are like workers who have big salaries.
and what's more confusing is what they want to achieve and financially some of my friends are much better off than me who has a steady job and is still limited in spending. and finally I tried to ask and finally some of my friends said it was all because of bitcoin and I was interested because some of my friends lived much better in finance and finally they taught me until I really understood it well. and finally i can be like some of my friends till now and make my life better economically and can help my family, it is a blessing for me to know bitcoin and i am very grateful to some of my friends because of them i know bitcoin and can change life I'm getting better. and but until now in the country where I live bitcoin is only allowed for assets, trading and investment only and is not allowed to be made into transactions and that's not a problem for me, the most important thing is that I can still use it and convert it into fiat. Title: Re: What do you think of your first contact with BTC? Post by: samsul1234 on June 03, 2021, 04:42:44 AM The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different. hello sir, I think BTC is not just electronic payments BTC is an asset, so it's very clear the difference between electronic money and BTC, if BTC will be legalized in a certain country it will most likely affect electronic paymentsIn essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees) Title: Re: What do you think of your first contact with BTC? Post by: Coin_trader on June 03, 2021, 04:45:24 AM This is an interesting thing because at first I thought it could not develop well, it seemed worthless especially in my country, but after all.. of course it is not only in one or two countries that bitcoin is known, it was increasingly globally with technological developments, especially in terms of finance and investing. What specific year do you know about Bitcoin because your rank is quite low to assume that you know Bitcoin during its developing stage which is 10 years ago. Bitcoin has a working already shortly after it was introduced. Up until now not all country is using Bitcoin in terms of using Blockchain tech on there own system. Still only few using and embracing the use of it. Title: Re: What do you think of your first contact with BTC? Post by: todiefor17 on June 03, 2021, 08:10:46 AM The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different. In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees) I thought it was absolutely amazing. I could send money anywhere in the world instantly and nearly for free. I saw lots of places accepting it, developers building all sorts of amazing things, the community helping each other and freely sending BTC to each other for jokes and assistance... I felt like I'd discovered an internet paradise. Sure, Bitcoin and the community today is unrecognizable by that description, but rest assured that at one point, this technology was awesome and this community was the best place on the internet. Now we're skating by on nostalgia and signature payments, but man was this place something special 8-10 years ago. Since when did you buy Bitcoin? 2017 or earlier? Bitcoin transaction speed higher than the local bank transfer rate is a subjective judgment on your part. I bought Bitcoin in 2017 and it wasn't really fast because it had to wait for 6 confirmations. We trade Bitcoin freely and we take care of all the money we send. Although we don't need to ask anyone's permission, we must put our absolute trust in Bitcoin's blockchain technology. My feeling when I first used it was that Bitcoin was so new, it was modern and vague because I was used to using a bank account before. Title: Re: What do you think of your first contact with BTC? Post by: Ridi on August 27, 2021, 11:45:06 AM My first contact with Bitcoin is like wow amazing that's so cool platform ,where you can earn money, invest and send money anywhere with digital transaction and this is not controlled by any government. And of course this is safe and secure and fast.
Title: Re: What do you think of your first contact with BTC? Post by: taufik123 on August 27, 2021, 04:18:07 PM My first contact with Bitcoin is like wow amazing that's so cool platform ,where you can earn money, invest and send money anywhere with digital transaction and this is not controlled by any government. And of course this is safe and secure and fast. Bitcoin is not controlled by anyone, including the government. Bitcoin has a strong community or users around the world.But for security issues it depends on each user. Risk may occur in bitcoin if you are not careful. if you have the wrong address when sending Bitcoin, it will not be able to be canceled. and for speed it is fast but still constrained by the fee which is still large. But overall bitcoin is a modern digital asset that has many advantages and is in demand today. anyone who knows bitcoin will have a great and different first impression of current transactions. Title: Re: What do you think of your first contact with BTC? Post by: Kiley33 on August 28, 2021, 02:34:10 AM When I first learned about Bitcoin, I was confused.
I don't understand why Bitcoin does not require a third party. I believe everyone’s first thoughts are the same as mine. After I learned about Bitcoin, I thought it was really a great technology. I admire the technicians very much. When I bought Bitcoin, I found that Bitcoin is more real. |