Bitcoin Forum

What is the riskiest or most unconventional action you have taken in order to purchase Bitcoin during its early stages, despite the lack of guarantees or promises that it would appreciate in value?

Practically non. You don't need any guarantee of any kind before investing in Bitcoin. By the way, who do you think will give you any guarantees? Perhaps during the early stages of Bitcoin, it was so cheap that those who invested in it did not really take any risk, like the way some people are selling their properties this time around to purchase Bitcoin. In the past, as you describe, I was not so.
OP, Try to be more helpful by responding to topics that you can really provide good replies to on other boards or read and learn more. I don't know what others may think, but this is really a low-effort post, and even if you got a few members telling you some risk they took, you would not do anything with such information.

Well, when one enters the world, even if he only knew Bitcoin, is the unkown. The ignorance (in a good sense) of the technology, the economical and financial properties, etc. If one, knows about all that information, and also the basic conccepts of the technology put into Bitcoin, the risks were very very very.... but very dimm.
I only regreat that I didn't have the knowledge I have today about Bitcoin, back in late 2018. I bought only a few bucks, probably less than 200 or so. Only a few months later, after Bitcoin raised its value more than 3 times or even more, I had some knowledge that made me way more confident and start DCA'ing.

If it was today, I would have probably buy way more that time!

Nothing but trust, users before doesn't see any guarantee and assurance that bitcoin will rise on this peak.
If i were one of those people i will do so the same. If you will read its whitepaper you will understand why people before trusted and believe this tech.

If the early stage means 2009-2019, I was very much not involved but, I still think we are still in the bitcoin early stages if we look at how long it would take to mine the last bitcoin.

This makes every move you make now to increase your holdings a risk. We've got FUD from both individuals and organisations, government on the other had and self doubt if the currency could really surpass all that is thrown at it.

At the time, its good and I have no reason not to give it the time it needs to become all that I hope it to be which it would be. Ideas created not out of selfish interest most times do come off good and the bitcoin innovation is one of such ideas.

When I came to know about bitcoin for the very first time I believed without reason. I shared the same thing with my sister and requested her to buy it selling some gold or other bonds. Same is with one of my friend, I suggested to buy and they ignored. Now they used to say as the growth that have happened from the time I've requested is atleast 100X

Nothing as we're all have common thought about it and it's the potential that it bears for the future. And aside from that, your belief/trust on it.
Many just took the risk and believed that there will be something worth the share right after knowing Bitcoin and we've got common interest on it, not just about the tech but most likely many have thought about it upon knowing Bitcoin and also the profitability that it bears because of its attribute of being volatile. Everyone saw that and probably our eyes and mind have met in the middle of it after doing some couple of research.

During its early stages, majority of the people did not believe that its value would skyrocket and reach its price currently on the market. So, people would just collect BTC and liquidate it as soon as they receive an offer for it. Remember the guy who sold 10,000 BTCs in exchange for two (2) pizzas? That is the classic example on how people viewed BTC before.

Personally, majority of my BTCs came from participating in campaign signatures in this forum. When I joined here last 2017, I converted almost all of my BTCs to cash in order to purchase school materials for me and my brothers. I guess one you see a more realistic approach, you would think of quickly converting it to your designated currency.

If what you say is true, I wonder why not many people invested in it at the time. There are many stories many people know about bitcoin early on, but most of them ignore it. Bitcoin was very cheap at the time, but not too many people believed and invested in it. That makes me suspect everyone is risk averse and doesn't dare to invest in bitcoin in the early stages. In my opinion, although bitcoin was very cheap when it first launched, it is riskier than it is now, as it is so new, there is no reason to believe it will grow in the future. Unlike now, the price is very expensive but has received the support and trust of many countries, companies and investors...Bitcoin is currently very expensive compared to its original price, but it is much safer and worth the investment.

I don't think that anyone here has taken such drastic actions just to buy bitcoin, perhaps the worst that I can think of is taking a loan and then hope that one day you can pay with it when bitcoin's price goes on a all time high and then you made a profit.

Nevertheless, it's a bad choice as majority will agree that it's very bad to do that. And the longer you stay and be in this game? the better you realized that there are one fool proof strategy to invest, that is to do DCA, and invest what you can afford to lose. So to answer, non, it was just a slow process for me to accumulate what I have right now, there are times that I have to sell for emergencies and then re-invest again.

In early days of Bitcoin, it has no recognized value and the first physical deal is Bitcoin for 2 Pizzas. 10,000 BTC for only two pizzas but it was considered as a first successful Bitcoin trade in history.

I am sure that nobody traded Bitcoin in early days with guarantee that it will have value like $10 or $10,000 in future. They did it mostly because of curiosity and some belief.

No one can guarantee when Bitcoin hits this price or that price. They only can guess but guess is not correct.

Dollar cost averaging is a good method when you invest in Bitcoin. No guess, no prediction, no gamble is needed. You only have belief, knowledge, good discipline to DCA with time and good practice to store your bitcoins safely.

https://dcabtc.com/
https://bitcoin.org/en/choose-your-wallet

At some point I had a significant amount of money at an exchange (bad idea, but I was lucky). I was trading without much of a clue what I'm doing (again, bad idea, but, again, I was lucky and I didn't lose) and I was lending using the exchange's feature (which has be proven later to have bugs and I think that some people have lost money).

Of course, the less risky step was to... sell some of my coins now and then or simply buy goods for bitcoin.
While the initial (rather stupid) moves were lucky and I didn't lose money with that, if I wouldn't have been spending... I would have had now quite a nice amount.

The question would be for the early adopters, but they didn't mine BTC because they thought the price was going to pump so high, they mined BTC because they were interested in the alternative currency that Satoshi had created. Laszlo Hanyecz bought two Pizzas for 10,000 BTC's because he believed BTC was a currency, Gavin Andresen gave out BTC's for free to people to show that BTC was a currency and to encourage people to use it, it was all about using this new censorship resistant currency for early adopters and not pump in value, guarantees or promises.

Right now BTC has grown and developed so well, and its value continues to grow because of adoption and limited supply, but we have to thank the early adopters for the level BTC is at now, because of them people can now use BTC as a currency, investment asset, hedge, store of value, gift and whatever they want to use it for.

Put 100% of my net worth into it lmao. But to be fair, I was a fresh college graduate at that time so I only had like lower 4 figures in USD which was everything to me back then. Fortunately enough, it was definitely the right move to make.

I should have grasped the information and knowledge about Bitcoin far from the years prior to this year. 2018 seems right because since 2018 I have started studying technology and economics but not a single bit of a car steering wheel leads to the world of blockchain. That means why not now I have to commit to find out more about Bitcoin.

I can safely say that at this time I am trying to set aside little by little to save income from work with the aim that when I have enough to buy even in small quantities. Yes. That's how it is.
Please whisper to colleagues that Bitcoin is the asset of the future capable of preserving value.
Don't get me wrong because I want the whisper Bitcoin not altcoins.

Most of us here didn't get to buy Bitcoin at its early stage but for those that did, I doubt if they see it as a risk as they only invested few couple of bucks and I guess they never thought the value of Bitcoin would skyrocket to today's price. But time has happened to everyone and we've come to realize what a precious gem Bitcoin is. So at this point, any investment in Bitcoin is not a risk anymore, but a step in the right direction and worth taking.

Isn't it amazing how some people believe in Bitcoin at the very early stage of his life cycle ? The whales decide to buy some amount of Bitcoin and held on to it for a very long. They believing that with time it will increase in value, I don't know where they get their confidence from.

They never doubted that bitcoin may fail that is why I believe that some people are very smart, Satoshi nakamoto the creator of Bitcoin also have this feeling that bitcoin will become a successful digital currency, if I am as smart as I am right now in 2011 I would have bought a lot of Bitcoin without thinking of any possibility of the technology failing later.

I believe that crypto is not for the weak ones but sometimes we just can't help it because we lack the understanding of some things and it's fine, bitcoin is a good store value better than Fiat and some other currencies but the main reason why I get into bitcoin was because of the ability to generate extra income out of it, if I had known that bitcoin could become a good value I would have risk everything I had.

Right now it looks like it's too late already, but believe me it is not, very soon every little inch of Bitcoin we have a bigger value than you could ever imagine. 

I remember, at my place, Paypal and other online bank to bank transfers weren’t so popular, and at that time, I was doing some freelancing, so in order to get the payments from my client, I always used to ask them to pay me in Bitcoins. At that time Bitcoins were hardly around 800$, and I used to instantly sell it into my native currency. So yes, I haven’t taken any risk, and to be precise, I never bought any Bitcoins in the initial days, I just used to collect it and when the price just went above 1000$, I remember I sold my large holdings of the coin.

Is it necessary to take any unusual steps in order to purchase Bitcoin, whereas it is preferable to invest the little money you have due to the risk involved?

Early Bitcoin investment is not for everyone, because there are so many people who have everything it takes to buy as many Bitcoin as they can those days but refuse to buy because they believe it is not worth buying at that time; thus, I believe only the lucky and wise risk takers get involved in the early stage of Bitcoin investment.


That is trust and belief!

Some people missed out on early Bitcoin investments because they were unaware of the technology at the time, while others missed out because they did not have sufficient knowledge about Bitcoin and how it works; now that the Bitcoin idea and technology are almost everywhere around the world, people who still believe in Bitcoin are still investing their money in it in the hope that it will be profitable in the future, which I believe it will be because the Bitcoin idea gives us financial freedom.

They simply believed to their 6th sense or what other called guts, it is hard to imagine to purchase something that you do not know if it has value or it is just a trash. What they did is simply asthonishing, they have courage and their vision is so good that they really trust that what they bought is something will be valuable in the next years. And here we are, all of their efforts, their life changing decision makes their lives better.  When I first hear bitcoin around mid 2016, the price if I'm not mistake is around $1,000 and people saying that it will be the next big thing.

That time I'm still student and doesn't have enough funds to make an investment. Did I regret it? no because I know that I'm still not yet ready in terms of financially, emotionally and mentally to enter this type of market. Still grateful because I have know a lot of knowledge that I can use to make unlimited profits in this type of market. I really happy for the people who bought bitcoin in the early stage because they proved that they have the courage and supreme confidence to take risks.

For the first time I bought bitcoin, I didn't have any feelings, let alone hope to see the price of bitcoin soar as high as before.
And I'm lucky I don't buy bitcoins too often because then I can still use the faucet to collect bitcoins.
It was the most extraordinary opportunity I ever had because it was from the faucet that I could get enough satoshi to sell at the highest price.
And it's not a risk for me because even if I buy it, it's still cheap so I don't have to spend much money to get a lot of satoshi.
But if we condition for the moment, of course, when someone buys bitcoin, he has the risk of seeing the price decrease after he buys but in the long term, he can see the price increase very much.

Well, you can say everyone is risk-averse, but really, back then, those who bought Bitcoin did not even envision that the price would be what it is today, (although there were many stories about Bitcoin then like you mentioned, but  people never needed to spend more to buy 1 bitcoin). Some people of these days, are seeing it as if it's a must that they invest in Bitcoin. What I was just saying in essence was that some people who even bought Bitcoin at that early stage didn't really take it as seriously as recent investors do. Just take, for instance, when 1 bitcoin was $1. With $100, you could buy 100 bitcoins, but look at the price now for 1 bitcoin, trading at $28k. So, you see, some Bitcoiners these days are taking a lot of risks, like some who decide to sell off house properties, land, cars, and other things to buy Bitcoin. It was really not like that at the beginning, though. Although there is nothing wrong with taking the risk, knowing the rules of only investing what they can afford to lose.

I think I haven't done any risky moves or investment in purchasing Bitcoin in its early stages.  I am here since 2014, and during those times, I am actively participating on airdrops and giveaways in altcoin section and use them to buy BTC.  Although I used the funds I get from altcoin generosity to buy Bitcoin, I can recall some investors make the riskiest move by selling his house and all his property just to invest in Bitcoin.

It can be read in this article: https://finance.yahoo.com/news/family-put-money-crypto-moved-122827473.html, where Taihuttu family went all in Bitcoin.  Although it was the riskiest move in the family's part but I think they also gain a lot from that Bitcoin investment if they sold during the peak of 2021 or even if they sold at 2017 ATH.

investing is all about risk taking. Anything we stop taking risk as an investor them this could limit the way we earn because we are not ready to go for the risk to earn more. Those who invested in Bitcoin the even with the way people are creating fud that Bitcoin would never survive since it does not have the backup of the government. A lit of things are happening and if we are nit determined to start investing even with risk, then we might be surprised if seeing ourselves taking the right choice when the time is late. In Bitcoin, we can always invest in Bitcoin when the market price is low.

We are in the early stages right now. People don't realize that for those who came when bitcoin was at 1k, people who bought at $100 were the early adopters. For those who first bought at 10k, people who bought at 1k were early adopters. The truth is, you are still early adopters simply because the market penetration is almost none and so is Internet penetration. If I'm not wrong it's at 60%, so almost half of the world has no Internet access, so they never had a chance to buy bitcoin.


I did something close, but in my case I bought bitcoin with half of the money I had in the bank and begun to put 50% of my monthly wage into it in 2014 and 2015. Can't say I feel bad about it :D

I first encountered bitcoin when it was on 30K and witnessed it get into its top in 60k. I get in when there's a lot of hope and BTC is already appreciating value and with enough study, I have no problem of trusting BTC and risk my money on it. But about my experience? taking risk is essential, the biggest lesson is winning fast, and losing it faster is what happened to me. Investing the money I am willing to risk should  be the first thing I consider in the first place.

I bought Bitcoin on my curious basis why among many people around me talked about Bitcoin, and at that time I used the half of money from the loan money that I made at that time.
I did not think that there must be a guarantor for the purchase that I made at that time, I was only oriented towards that I was also able to buy bitcoin and join the environment that often discussed bitcoin. This is somewhat strange but the fact is that. I made a Bitcoin purchase so that I could enter the new friendship environment. quite risky and stupid. LOL

The internet network is still very minimal below 2015, so only a few people can connect with the internet and get to know Bitcoin, and I think it is also the initial stage is the adoption of Bitcoin in the world.
However, on that day people buy at the initial stages never think that there is a Bitcoin guarantor in his value, and even today no one can guarantee that Bitcoin can be even more valuable.

Trust it. You've said it yourself that was a lack of guarantee in Bitcoin in its early stages so you have no choice but to trust it if you purchase it. You may have been curious about it the first time, or heard about it through the grapevine and decided to check it out and purchase a small amount and hope it will appreciate in value - that is trust because you hope it will do what it promises. Or, maybe you went all in and bought a bunch - that is trust because, with your money, you put confidence in Bitcoin that it will someday be fruitful.

And even if you decide to buy now - that is still trust because you rely on it that even if it crashed, it will always blow up back again.

In the first instance, people who buy bitcoins usually take this risky step in the hope of making a small profit from the purchased bitcoins. There is no security in the money they decide to buy. It is only out of faith and courage that people take this risk in the first place. Like other businesses, there is insurance in case of loss of money, but in Bitcoin business there is no insurance, so the buyer has to take full responsibility for the money. I think it is very risky. Only those with courage and a tendency to take risks can usually take such decisions.

I didn't take any risk because I had no understanding about it, I never knew it is this valuable and sometimes I regret not taking the risk to invest. For those who purchased at the early stage it was a privilege,  not everyone had this privilege.  One of the things that drew my attention from not buying Bitcoin was how people criticised so badly, it is glad I later had opportunity to buy bitcoin,  their is no late time in buying Bitcoin and the benefits one can have in Bitcoin still remains.

Things that appreciate in value exponentially don't make any promises or guarantees for that to happen in the beginning. Bitcoin wasn't or isn't a HYIP or a Ponzi scheme that would have made promises for people to believe in it that it will generate huge profits for them, it was a mere technology created to tackle some issues that traditional financial institutions had.

People who knew about it initially from a technical point of view and saw the actual purpose behind its creation, they didn't really need any promise or guarantees for anything nor they bought it to get profits like what people do today. People back then believed and supported Bitcoin for what it was created for and not for its value and volatility.

The average new user has such an experience, but over time they will gain valuable insight into what they've been through, including the chance to buy lots of bitcoin at low price. But what's the use of regret?

Of course that's special, especially if they can afford to hold on to their bitcoin long term. Early investors have made big returns for the bitcoin they invested, even though it was deemed unfair which later became myth debunked by facts.

No one ever knows about the future, but it is still possible for bitcoin to make even greater history in its first 20 years. Imagine if in 2029 the price of bitcoin could reach $1 million, while many people missed today's opportunity to buy a lot, I think regret will surely be expressed once again.

I put a 10k rupees from my saving of just 20k into crypto. I was a student and thought crypto is the only thing that can make me rich. I was correct but the methodology was wrong. Instead of going with bitcoin or some major crypto i went on to put this 10k into a ICO and ended up losing the money eventually but I really consider it as an entry fees to this market as it taught me a lot of valuable lessons which ultimately helped me make money.

Frankly speaking my bitcoin purchase was not so sudden in which one had no time to think about the risks involved in the Bitcoin purchasing. In fact whole community around me was on the same page as of me, even those who referred me to the world of crypto currencies. They themselves asked me to be precautious as there are no actual "guarantees" in the bitcoin world.

They made me study about the wallet first, how it works, what are the private keys and how I can screw up the wallet if I lose them. Forget about the investments and profitability from the bitcoin, my circle was more concern about the security, workflow, bitcoin's understanding and how we can and we can not access the bitcoin.

This understanding was important to handle the bitcoin usage in early days. Then afterwards we started to go with flow of prices and understood holding is the key when you want to be successful in the bitcoin. Otherwise anyone would be rich in bitcoin business by this time.

Do you mean d unconventional decisions that were made to buy Bitcoin in the early stages or when the price is fair enough to buy?
If it is in the early stages, you might not have good many answers in this topic, because the majority of the early adopters are no longer active in the discussion about Bitcoin.

But I do not think that those early adopters spent too much in buying Bitcoins, most of them were developers who earned bitcoinby minning. What they only lost was the electrical power and the computer that was used that time whose capacity was not even much. So they did not sacrifice much, rather commitment and confidence in bitcoin.

Expecting guarantees to be in bitcoin is clearly not a hope because we know that there are no guarantees about this considering the risk is clearly still very large which makes things like this non-existent.
I think this should be realized from the start because many people have said before that investing here means you have to be prepared to lose money and things like this can clearly happen.

The problem is that many are too demanding about guarantees that don't actually exist which makes them feel a bit cheated when if they realize from the start that this is a risk I think they know the worst is always possible.

During the early stages of bitcoin, there was still a lot of doubts about it and no unconventional step was taken to get it because at that stage it did not warrant it. We started to take more risk and unconventional steps when we realised how beneficial bitcoins will become in the future. Bitcoin purchase from unconventional methods can be good , but care should also be taken. I almost took a loan then to buy bitcoins, I was lucky that my loan request did not work out.

Its not a loss if you have learned what mistake you have committed and you will never do that again. Everyone of us has to pay something sooner or later to learn how things work in crypto. Without bearing any financial loss we can never learn. I myself got scammed/hacked before figuring out that hacks are real in crypto world and I need to be aware of hacking attempts. Before getting hacked, my point of view was there is no such things a hacking and no one can steal your bitcoin.   

Just trust, I remember that time people always think of bitcoin as the money that we can only get to faucet and HYIP. Many times I have a loses because that time I am addicted to HYIP, early stages of bitcoin has a lot of doubts from its investors, I found bitcoin when it is at 400-500usdt only, now long at how it grows and how many people all over the world accepts bitcoin.

I became aware of Bitcoin through taking part in high-risk investment programs, also known as HYIP. At that time when Telegram had just launched, there was a well-known HYIP website that created a Telegram investment bot. I bought my first Bitcoin to participate in Bitconnect

Oh

Most investments are risky, so Bitcoin is not the most risky investment. In the early days of Bitcoin, I did not buy tho but I want to believe that its acceptance would not be easy however, the people that believed in it faced it head-on and some got the dividend because nobody can ascertain when BTC will be at its maximum.

Just like nobody can guarantee that you won't get cancer tomorrow, or that you won't get hit by a car next time you walk around town, or that you won't choke on your food and die...
Nothing is certain but death (and maybe taxes, but I haven't paid my taxes a few times and I'm doing fine), so don't make it sound like no guarantees is something that is slowing down bitcoin adoption, or making people scared of it. There are also no guarantees that they will keep their jobs, or that their currency will not hyperinflate.

The most risky IMO is the crowdfunding created by random developers.  They just come out of no where, propose an idea and ask people to fund it without giving their identities.  I find it very risky because there is no assurance that the project will commence after gathering the needed money.  There are lots of this kind of case happened in the previous year and it still come popping out every now and then.

Though investments always have risks, we should learn how to manage risks by knowing the important factors to check in order to avoid unnecessary risks.  I would not deny that Bitcoin in its early years can be labeled a high-risk investment but as the market foundation becomes more stable, the risk coming from Bitcoin investment becomes lesser and lesser.

Every investment become risky when you do it without proper analysis and education. But if you got all the required things then i don't think your investments become unconventional or risky even if you are buying BTC. For example, we all know BTC will cross it latest ATH of around $69k and when that will happen, a new ATH will be set and all the indicators show that it will be above $100k.

How an uneducated person with less or no knowledge could believe my statement? Like i was reading about halving today to write an article and my cousin was sitting beside me and he asked what it is and i started to tell it;s about BTC halving and how BTC will cross $100k for sure in the future and he was like " what if the company ran away with your money" i was stunned for like 5 seconds then i asked him what do you know about BTC and what if i taught you he said, no i am busy in-game (showed no interest even i could clear his all doubt) But i can not force him to learn about it because as Mandalorian used to say "this is the way" (haha).

The point is, if someone has the knowledge then he/she knows the risk will be reduced and the lack of guarantees and promises that you aforementioned has nothing to do with BTC in fact it has to do something with your knowledge and mentality about BTC based on your past experience or knowledge (again). The answer to your main query is--> i haven't bought BTC yet instead earned them and don't have the courage to sell them now.

If it's related to Bitcoin, nothing. Luckily, in my opinion, everything related to purchasing investments in Bitcoin is still under-control, not following the hype when the price is rising, or panic buying at a certain price. And so far, it has never occurred to me to use money that is beyond my means, especially never using borrowed money. Because this would really be risky.

But the thing that is certain and has happened is my fault for being too greedy to reach a certain target and it has not been achieved, but it has dropped far until now. But luckily this is an investment in Bitcoin. As long as we don't panic to sell it, then my Bitcoin amount is still the same and what I have to do is be patient, waiting for the bull run later.

Well, if you used to claim Bitcoins from faucets back in the day when the price was only around $300, then you might have collected some Bitcoins worth selling right now when the price is quite high, but as soon as the price went high, the claimable amounts from faucets became too low that people stopped using them and it ended the era of Bitcoin faucets.

I was one of the users who used faucets when the price of Bitcoin was at $400, I still remember I used to use faucet rotators every day to claim Bitcoins from every single faucet website available and could barely get $1 a day since the price wasn't so high at that time.

Nostalgic indeed. Have also tried faucets before and I'd say profit is the same as with the present; we just tend to overlook the amount of BTC being claimed right now over the amount before. I also moved from faucet to airdrops in order to generate profit. But in comparison with present and the past, for sure it is now harder to get an amount from investment-free sources and that is I think normal since prices are getting higher as years go by.

For sure many of us have the regret of selling at earlier points in this industry and that is I guess a normal response since no one had the assurance that its market value would be as big as the ATH. And we tend to now give more attention nowadays because of the seen and proven potential of cryptocurrencies as an asset.

I think all the actions in cryptocurrency are risky a bit, since nobody knows what is going to happen with crypto and fiat... All investments have a gambling compound. As for actions I regret doing in the past... I sold BTC to get 500$ in 2016, it was not a good idea... :(

As far as I'm concerned investment is definitely risky ,But with every investment if there is a profit, there is also a loss associated with it. Every person wants to invest in a place where the risk is minimal and surely investing in Bitcoin is the most reliable. Bitcoin seems like the least risky investment to us now, but when it first came out, not many people would have trusted it.

If someone had told me about investing in Bitcoin in the early days, I would not have believed it at all Because no one predicted the success of Bitcoin. Now that bitcoin is the controller of the entire crypto market, now everyone finds bitcoin investment as the most reliable.The biggest risk was taken by those who initially invested in Bitcoin, and the biggest profits are also made by the early buyers.

Nothing because it's something we all think about and because of the possibility it holds for the future. Additionally, your faith or belief in it.
After learning about Bitcoin and our shared interest in it—which extends beyond technology—many simply took the chance and believed that there would be something worthwhile to share. They may also have considered the profitability that Bitcoin carries due to its characteristic of volatility. Everyone witnessed that, and after doing a little study, it's likely that our eyes and minds coincided in the middle of it.

Lucky to those who take risk on buying and holding btc on its early stage, they surely gain a big profit, taking risk is not easy specially on those years that btc is not so popular, who knows bitcoin will come this far and with a great value, because if i know that bitcoin will rise very high i will buy and hold it to also earn profit.

Maybe more to trust in Bitcoin. Despite the initial pepper, many factors influenced me not to invest in Bitcoin, related to the very high risk, underlying fundamentals, rumors in the community, and various negative news by the media.

But on the other hand, the desire to set aside money to be able to invest in Bitcoin must be just a little bit has given me more strength to dare to take this risk. and finally here it is now. Bitcoin is indeed risky, but on the other hand, Bitcoin is very promising, especially for me who wants a long term holding.

Not only in Bitcoins, but whatever asset you buy for the first time, the risk involved there is always more. So yes kuddos to the ones who bought Bitcoins at early stages. I remember, I also bought some coins at that time, and sold it when Bitcoins reached 1000 USD. So yes at that time, we didn’t knew Bitcoins will grow into such a big commodity. Now we have seen what are Bitcoins capable of, hence should invest now with proper calculations.

This is difficult because early adopters of Bitcoin took significant risks to obtain Bitcoin because it was risky and no one will know what will be the future of Bitcoin. Only a few people before using Bitcoin and no one expecting the price of Bitcoin right now versus before.
Since me, I was only introduced to Bitcoin around the year 2017, I can say that the riskiest action I did to purchase Bitcoin is to use my life savings or hard-earned money to buy Bitcoin.

'OP' you may not know that no guarantee is required when purchasing bitcoins. Because Bitcoin is a virtual currency that all investors have confidence in. But while buying something no one will give so much guarantee that you can buy it at your own will. Bitcoin was at a point in the past when its value was so low that anyone was interested in buying Bitcoin. But even then people invested in Bitcoin without any guarantees. And now seeing the position of Bitcoin, people are more likely to buy it. Interested. And there is no risk in investing in Bitcoin. So no guarantee is required to buy bitcoins rather people invest on trust for a long time. Various pundits are promising that Bitcoin's future is bright and most people in the world are willing to buy a fraction of Bitcoin without any guarantees.

That is if he still have his bitcoins which he only collected in the faucet because normally, faucet hunters are selling their coins in a short period of time. They only get it for free so there is no hard feelings even if they sell it a lower price and then the price pumps after.

Faucet hunters does not stop on claiming even though the rates are already lowered. Another thing that motivates them is that some faucet sites have a twist like what we saw on Freebitco. There are still some faucets who are alive up to this date, it's just that there are now so many additions (earning opportunities other than faucet) which rates are much better so people prioritize them more.

There are investors who buy bitcoin for long-term investments of 10 years or more. In this case, they don't try to sell bitcoin when it hits its new ATH, but hold onto it regardless of bear markets. But there are those who try to sell bitcoin every time it reaches new highs, this gives more chances if their capital is not very large and in this way they try to accelerate the growth of capital and increase the amount of bitcoin. But this is already more like long-term trading than investment, if you have enough knowledge and experience for this, you can do it, if not, then it’s better not to risk it, because you can waste time and lose precious satoshi.

But it will only come if you can predict the future upside in Bitcoin. there are people who are not sure that the increase in Bitcoin will be like this and some people are sure that Bitcoin will become a virtual currency that will change the fate of a person later.