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Hello everyone, I am SZ, and I am from mainland China. This week, I spent about $26,000 to purchase my first Bitcoin, or to be precise, 1.12 Bitcoins. I am very happy and have stored it in a cold wallet that no one knows about, not even my wife.
Congratulations on your first purchase, you are now part of the Bitcoin family. It's cool you stored your coin in a decentralized wallet. You didn't tell anyone about your coin even your wife. Maybe you don't trust anybody or you are concerned about your safety in China. But do you have any other means of transferring you coin to your next of kin in case of unforseen circumstances such as sickness or death. As a person from mainland China, it is not easy to come to this forum smoothly and safely, and I won't discuss political issues. My friends around me know about Bitcoin, but many of them do not fully understand and hold Bitcoin, which is regrettable. I try to inform all of my good friends to hold Bitcoin, but it's only a suggestion. I am also concerned about your safety because you country outrightly banned Bitcoin. Ensure you put the necessary protective and privacy mechanism to avoid any form of intimidation or even arrest. It will be better to obey the law of your land than to start hiding from law enforcement agencies. Bitcoin has a magical power. In just two years, it has made me a super fan, and I respect and believe in it. As for my purpose of holding Bitcoin, I do not expect it to skyrocket to a certain price in my mind. I just like it. I am not well informed about the magical power of Bitcoin, you are just fascinated about the great opportunities Bitcoin offers and excited that you got it. I am also thrilled because you seems to have a positive mentality about investing in Bitcoin because you are not seeing it as a get-rich-quick scheme. All of my Bitcoin purchase funds come from my pocket money. I have reduced my travel frequency, unnecessary expenses, and purchases of clothes, shoes, or other electronics. In short, I am very happy. Holding one Bitcoin makes me feel like I am walking on the street with the wind at my back. Thats also nice because you are not investing more than you can afford to loose. Cutting expenses that are not basic to invest in Bitcoin is a very good idea. Some person go as far as borrowing to invest in Bitcoin which is not advisable. Investing within one's income or spare income is much better. Thank you for your reply. You raised a very good point about handling Bitcoin in case of unforeseen circumstances. My plan is to divide the private key of my cold wallet into sections and inform my wife and family members separately. I will not tell them what it is, just that it is very important. Then, I will tell my most trusted friend that what I gave to my wife and family are actually pieces of a private key that need to be combined in order to use. If something happens to me, they can meet up and obtain the key to access the Bitcoin in the wallet. In my country China, there is no clear regulation that holding or trading Bitcoin is illegal. However, if you purchase or hold Bitcoin or other cryptocurrencies and experience loss or fraud, the police will not intervene. |
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Hello everyone, I am SZ, and I am from mainland China. This week, I spent about $26,000 to purchase my first Bitcoin, or to be precise, 1.12 Bitcoins. I am very happy and have stored it in a cold wallet that no one knows about, not even my wife.
I am thrilled to become a Bitcoin holder and part of the Bitcoin community. I have been following digital currency since 2021 and have bought some stable coins but never owned Bitcoin until this week. My small wish has finally come true, and I am very happy.
As a person from mainland China, it is not easy to come to this forum smoothly and safely, and I won't discuss political issues. My friends around me know about Bitcoin, but many of them do not fully understand and hold Bitcoin, which is regrettable. I try to inform all of my good friends to hold Bitcoin, but it's only a suggestion.
Bitcoin has a magical power. In just two years, it has made me a super fan, and I respect and believe in it. As for my purpose of holding Bitcoin, I do not expect it to skyrocket to a certain price in my mind. I just like it.
Just like when you like a girl or a boy, there is no reason, you just like them.
In the coming days, in addition to loving life and working hard, I have a new personal hobby, which is to accumulate Bitcoin. I hope to reach a two-digit number of Bitcoins, which is my next small goal. For early investors in digital currency, it may be easy to achieve, but for someone like me who is not wealthy, it may take a long time. However, the process is fascinating, isn't it?
All of my Bitcoin purchase funds come from my pocket money. I have reduced my travel frequency, unnecessary expenses, and purchases of clothes, shoes, or other electronics. In short, I am very happy. Holding one Bitcoin makes me feel like I am walking on the street with the wind at my back.
This post is used to record my first Bitcoin in my life and my first post on a Bitcoin forum. Perhaps in 10 years or 50 years, it will still be fascinating.
- Congratulations, if that's the case now you have more than 1.12btc, it's quite a large amount to be honest, it's rare among bitcoin holders in the community here to have such an amount. I'm saving little by little because I can't afford to buy a bitcoin because it's too much for me. but you got him easily. I just want to ask you, do you intend to hold it for 10-50 years mate? You also have quite a lot of belief and trust in bitcoin then. Thank you for your reply. Actually, I believe that it's not important how many bitcoins you own, what's important is that you truly own it from 0 to 1. I will definitely hold it for more than 20 years, that's for sure. If you think the price of bitcoin is high now, then when you come back to read this post in 5 years, you will feel that its current price is very low. Of course, holding bitcoin is a long-term commitment. You can accumulate it slowly by depositing a certain amount of bitcoin every week according to your income. Bitcoin has never disappointed anyone in the last 10 years. I wish you all the best. |
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As a person from mainland China, it is not easy to come to this forum smoothly and safely, and I won't discuss political issues. My friends around me know about Bitcoin, but many of them do not fully understand and hold Bitcoin, which is regrettable. I try to inform all of my good friends to hold Bitcoin, but it's only a suggestion.
Bitcoin is not every ones cup of coffee and that is perfectly alright. As you have done, you can only suggest to your friends to hold some bitcoin or learn more about it, but the final decision is theirs to make. You can visit the 中文 (Chinese) local board and discuss with like minded people from your region.
You seem to already have the general idea of how the whole things works and experience dealing with cryptocurrencies. This would make your stay on the forum more meaningful and I look forward to learning more from you and possibly also acquiring 1 whole BTC sometime in the future. As for my purpose of holding Bitcoin, I do not expect it to skyrocket to a certain price in my mind. I just like it.
Just like when you like a girl or a boy, there is no reason, you just like them.
There technically have to be a reason to throw in $26,000 on an asset besides just liking it... Are you attracted to the freedom it offers or transacting without regulations, or some other feature? - Jay - Thank you for your reply， Yes, I have read the Bitcoin whitepaper. I thought it was the first time in human history that private property was made sacred and inviolable by technological means.
I hope to reach a two-digit number of Bitcoins, which is my next small goal. For early investors in digital currency, it may be easy to achieve, but for someone like me who is not wealthy, it may take a long time. However, the process is fascinating, isn't it?
Two digit number of Bitcoins is a small goal? Then you got a big future ahead. If this is a small goal, most of us will consider you wealthy already too. It is actually not easy even for an early Bitcoin investor to achieve two digits. Two digits of Bitcoin years ago were a thousand or even just a hundred if you go back to 2012. It was worth almost 'nothing' at the time. You think they all held until Bitcoin touched $24,000? I do not. Many of them sold way before then. Remember. We all have things we need. Maybe a car. Maybe a house. Maybe starting a business. Some people hold up to a particular price and then sell their Bitcoin to fulfill their needs. It will be just as hard for you to hold on to your Bitcoin up to $1,000,000. The higher it gets. The more tempted you are to sell and spend it. 'Enough' is subjective. What is enough for you may not be for me. - Regards, PrivacyG Thank you for your reply, PrivacyG. For me, I hold Bitcoin because I am fascinated by its store of value. It truly allows for personal assets to be sacred and inviolable, truly belonging to oneself. I believe that there are many Bitcoin users with double or triple-digit quantities, especially in China. However, they may not be holding it for storage purposes, but rather to sell at higher prices, primarily for speculative investments. Nonetheless, I think they would also keep some Bitcoin for themselves. Furthermore, I think it's up to individuals to decide how they want to handle their investments, and we should focus on managing our own. [moderator's note: consecutive posts merged] |
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Hello everyone, I am SZ, and I am from mainland China. This week, I spent about $26,000 to purchase my first Bitcoin, or to be precise, 1.12 Bitcoins. I am very happy and have stored it in a cold wallet that no one knows about, not even my wife.
I am thrilled to become a Bitcoin holder and part of the Bitcoin community. I have been following digital currency since 2021 and have bought some stable coins but never owned Bitcoin until this week. My small wish has finally come true, and I am very happy.
As a person from mainland China, it is not easy to come to this forum smoothly and safely, and I won't discuss political issues. My friends around me know about Bitcoin, but many of them do not fully understand and hold Bitcoin, which is regrettable. I try to inform all of my good friends to hold Bitcoin, but it's only a suggestion.
Bitcoin has a magical power. In just two years, it has made me a super fan, and I respect and believe in it. As for my purpose of holding Bitcoin, I do not expect it to skyrocket to a certain price in my mind. I just like it.
Just like when you like a girl or a boy, there is no reason, you just like them.
In the coming days, in addition to loving life and working hard, I have a new personal hobby, which is to accumulate Bitcoin. I hope to reach a two-digit number of Bitcoins, which is my next small goal. For early investors in digital currency, it may be easy to achieve, but for someone like me who is not wealthy, it may take a long time. However, the process is fascinating, isn't it?
All of my Bitcoin purchase funds come from my pocket money. I have reduced my travel frequency, unnecessary expenses, and purchases of clothes, shoes, or other electronics. In short, I am very happy. Holding one Bitcoin makes me feel like I am walking on the street with the wind at my back.
This post is used to record my first Bitcoin in my life and my first post on a Bitcoin forum. Perhaps in 10 years or 50 years, it will still be fascinating.
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