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Title: My Family just bought Bitcoins! Finally! Post by: dannyspk on March 31, 2014, 02:47:06 PM The title says it all. I don't come from a wealthy family and there's very little attention paid to Bitcoin in my country - Pakistan. But they witnessed the transformation Bitcoin caused in my life within a period of 7 months. I bought 100 BTC back then in July 2013 and sold 40% of them in December. It was very hard to convince them but I believe you can only educate the masses through consistency and setting an example of yourself.
Fast forward to 31st March, 2014: My sister bought 5 BTC. My parents bought 10 BTC. My relatives and a guy who works for me bought 4 BTC in total. Now I know they are only in here for a solid return on their investment and not for the greater cause but I don't really blame them. Once they hodl and I've specifically told them to have a long-term approach, they sure are gonna read/research about it for the next 6 months. Maybe, this is how they they will believe in it. Maybe this is how we need to educate people around us about BTC. Be persistent and make the change on a personal level. tl;dr, btc is gaining more momentum around the world than you think. Title: Re: My Famly just bought Bitcoins! Finally! Post by: Beliathon on March 31, 2014, 02:48:19 PM Congratulations on your liberation from empire-scrip slavery!
Hold onto it for at least 3 years, no matter what anyone tells you. I did, and now I will never be burdened by work again. I'll never have to face the horror of wage-slavery again. I used to work for $10 / hour! Unbelievable! Insane! https://medium.com/what-i-learned-today/1a812f8fa7cd http://static3.businessinsider.com/image/5165a9a0ecad045b0d000000-600-249/djlasir.jpg Title: Re: My Family just bought Bitcoins! Finally! Post by: trout on March 31, 2014, 02:51:02 PM how easy is it to buy/sell btc in Pakistan
(for someone who doesn't have an account in a foreign bank)? How much (if anything) would you need to pay on top of say bitstamp rates (due to possibly larger spreads and/or fees for deposit/withdrawals)? Title: Re: My Family just bought Bitcoins! Finally! Post by: dannyspk on March 31, 2014, 02:54:00 PM how easy is it to buy/sell btc in Pakistan (for someone who doesn't have an account in a foreign bank)? How much (if anything) would you need to pay on top of say bitstamp rates (due to possibly larger spreads and/or fees for deposit/withdrawals)? http://readygold.com/Rates--and--Fees.php Around 10% in fees if I want in my currency. But it's instant. I get it right away! Title: Re: My Famly just bought Bitcoins! Finally! Post by: 5thStreetResearch on March 31, 2014, 02:55:51 PM Congratulations on your liberation from empire-scrip slavery! Hold onto it for at least 3 years, no matter what anyone tells you. I did, and now I will never be burdened by work again. I'll never have to face the horror of wage-slavery again. I used to work for $10 / hour! Unbelievable! Insane! https://medium.com/what-i-learned-today/1a812f8fa7cd http://static3.businessinsider.com/image/5165a9a0ecad045b0d000000-600-249/djlasir.jpg hope you sold a lot of that position or you're gonna be "burdened" again soon enough Title: Re: My Famly just bought Bitcoins! Finally! Post by: Beliathon on March 31, 2014, 02:58:13 PM hope you sold a lot of that position or you're gonna be "burdened" again soon enough I sold nothing, why would I want worthless fiat clown-currency when I can have real money?You fail to understand what's happening here. This is a paradigm shift in the way we think about and use money. Technology only marches in one direction my friend, and that's forward. That said, I completely divested from my nation's pretend-money early enough in the crypto game that I could sell a tiny fraction of my BTC wealth and completely recover, even now. Would still be true at 200. If you're wondering, it's because I am in possession of a far more powerful engine for probability than you are (my brain). Title: Re: My Family just bought Bitcoins! Finally! Post by: lnternet on March 31, 2014, 02:59:11 PM Please make sure they are educated on security. 2 factor login, encrypted wallets, backsups, cold storage.
Title: Re: My Family just bought Bitcoins! Finally! Post by: dannyspk on March 31, 2014, 03:17:42 PM Please make sure they are educated on security. 2 factor login, encrypted wallets, backsups, cold storage. Good idea. Thanks! Title: Re: My Family just bought Bitcoins! Finally! Post by: SirWilliam on March 31, 2014, 03:29:10 PM Yeah, make sure they don't get their coins stolen! Anyway, nice entry, looks like it just bottomed and is movin' on up:
http://www.youtube.com/watch?v=FHDwRECFL8M Title: Re: My Family just bought Bitcoins! Finally! Post by: whtchocla7e on March 31, 2014, 03:31:13 PM You bought Bitcoin and then you sold it.
So how exactly did it change your life? Do you mean the FIAT you got out of Bitcoin transformed your life? You have to be honest here. Title: Re: My Family just bought Bitcoins! Finally! Post by: zolace on March 31, 2014, 03:52:48 PM Congratulations to your family, I hope they can learn and educate others about bitcoin and the possibliltes it gives us all!
Title: Re: My Family just bought Bitcoins! Finally! Post by: freequant on March 31, 2014, 03:55:21 PM Please make sure they are educated on security. 2 factor login, encrypted wallets, backsups, cold storage. What is a backsup?Title: Re: My Family just bought Bitcoins! Finally! Post by: BitChick on March 31, 2014, 04:02:16 PM They picked a great time to buy! ;D You were wise to sell some in December too. Are you replenishing some of the coins you sold right now?
It is cool to hear stories like this! Title: Re: My Family just bought Bitcoins! Finally! Post by: lnternet on March 31, 2014, 04:05:02 PM what is a backsup? You should do backsups freequantly. Title: Re: My Family just bought Bitcoins! Finally! Post by: dannyspk on March 31, 2014, 04:44:36 PM You bought Bitcoin and then you sold it. So how exactly did it change your life? Do you mean the FIAT you got out of Bitcoin transformed your life? You have to be honest here. Uh, yeah? I have to pay bills you know. Title: Re: My Famly just bought Bitcoins! Finally! Post by: GenTarkin on March 31, 2014, 07:21:25 PM hope you sold a lot of that position or you're gonna be "burdened" again soon enough I sold nothing, why would I want worthless fiat clown-currency when I can have real money?You fail to understand what's happening here. This is a paradigm shift in the way we think about and use money. Technology only marches in one direction my friend, and that's forward. That said, I completely divested from my nation's pretend-money early enough in the crypto game that I could sell a tiny fraction of my BTC wealth and completely recover, even now. Would still be true at 200. If you're wondering, it's because I am in possession of a far more powerful engine for probability than you are (my brain). That or its all gonna pass like a fad kinda like myspace.... Title: Re: My Family just bought Bitcoins! Finally! Post by: roslinpl on March 31, 2014, 07:36:31 PM The title says it all. I don't come from a wealthy family and there's very little attention paid to Bitcoin in my country - Pakistan. But they witnessed the transformation Bitcoin caused in my life within a period of 7 months. I bought 100 BTC back then in July 2013 and sold 40% of them in December. It was very hard to convince them but I believe you can only educate the masses through consistency and setting an example of yourself. Fast forward to 31st March, 2014: My sister bought 5 BTC. My parents bought 10 BTC. My relatives and a guy who works for me bought 4 BTC in total. Now I know they are only in here for a solid return on their investment and not for the greater cause but I don't really blame them. Once they hodl and I've specifically told them to have a long-term approach, they sure are gonna read/research about it for the next 6 months. Maybe, this is how they they will believe in it. Maybe this is how we need to educate people around us about BTC. Be persistent and make the change on a personal level. tl;dr, btc is gaining more momentum around the world than you think. You have done very good deal :) This is such a great moment to buy some :) you will need to hodl it just for a while ;) and profits are going to be quite impressive IMO :) Title: Re: My Family just bought Bitcoins! Finally! Post by: dannyspk on March 31, 2014, 08:36:25 PM They picked a great time to buy! ;D You were wise to sell some in December too. Are you replenishing some of the coins you sold right now? It is cool to hear stories like this! They had my help and I hope my hunch doesn't disappoint me. Yes. Made small losses here and there but I'm overall loaded for the next rally. ;) Title: Re: My Family just bought Bitcoins! Finally! Post by: Lauda on March 31, 2014, 08:44:33 PM Everyone should buy them.
Title: Re: My Famly just bought Bitcoins! Finally! Post by: Beliathon on March 31, 2014, 09:43:22 PM That or its all gonna pass like a fad kinda like myspace.... Yep, just like the internet did... and the torrent.. and electricity.. and every other brilliant, game-changing paradigm-shift in the history of technological innovation.Comparing cryptocurrency to Myspace is like comparing the airplane to the Skip It (https://www.youtube.com/watch?v=ITmBUIB5x1k). In other words, it's borderline retarded. Title: Re: My Family just bought Bitcoins! Finally! Post by: Bit_Happy on March 31, 2014, 10:44:08 PM Hopefully they can buy some more if prices go lower?
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