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Author Topic: The real reason I got into bitcoin  (Read 759 times)
perryxi2
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July 27, 2021, 05:01:20 PM
 #61

I like you BTC is one of my favorite coins and I am a big fan of it. Thanks to BTC, I became financially free, it feels great when you own your own money and not be controlled by anyone, do you think like me?

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Bollexz1
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July 28, 2021, 07:27:57 AM
 #62

I know most of you are here for fiat gains, but I am not

The real reason I got into bitcoin was I thought it was anti central banker. You know the problem of people printing unlimited supply out of thin air, backed by nothing and extorting me with it for my limited time, goods and services. It is like I am playing a game of monopoly in real life where instead of all the players starting with the same amount of cash, a few start with all of it and in unlimited amounts. To be honest this is kind of a b.s. game. So for 10 years now I have refused to sell my fruits for fiat and I plan to continue until we have a equally distributed to all participants upon creation money supply. A supply we all create at the same rate.

1 hour coin an hour.
1 sectoshi a second

Now I was a die hard bitcoin fan, still am a little, but the more I thought about the end game of bitcoin the less I became a fan. Like eventually bitcoin will be 100% premine to kids born in 2142, why don`t they get a chance to mine rewards? how is that fair to them? or how it is inevitable that circulating supply will go to 0 due to dust, bugs, lost passwords, breaking hardware, death. That does not really seem great for humanity in the future. It also leads to mass murder and robbery and eventually miner wars.

Here is the start of bitcoin
Notice how the players are just going to the middle to mine and go back to there base peaceful
https://www.youtube.com/watch?v=Q41RW6bxpM4

Here is the end of bitcoin
Notice how the players are killing each other and some coded AI and robots to steal all the jobs so the people must kill other players to obtain supply.
https://www.youtube.com/watch?v=jYJVG1fKnRo

I mean who can buy all the miners?
who can buy all the coins?
the central bankers, like the FED.

"Bitcoin is as b.s. as fiat" -Elon Musk

To be honest if I was you satoshi, I would cash out and create a fairly distributed supply. Know duration or time is a blockchain. You memories prove this blockchain exist. Everything is timestamped in time forever, including your thoughts.

Act accordingly. For we are all on a p2p network in eternity and there is no anonymity in timelessness. All is known, instantly.

The main reason I opted in using Bitcoin is when I learnt how secured and safe it is as there is insecurity in my country. People gets robbed day and night for carrying fiat currency about or even forced you to to transact money from your banks to their respective bank.

So since I started using Bitcoin, I carry less cash on me and divorce the use of using of using mobile banking as I always keep my account balance at reading zero balance.

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vapourminer
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what is this "brake pedal" you speak of?


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July 28, 2021, 10:27:28 AM
Merited by paxmao (10), Coin-1 (2)
 #63

1st a quick background: for years i had donated my CPU/GPU computing time to free, worthy (in my eyes) causes like SETI and Folding@Home. so i was used to building and running computers for compute intensive projects. running multi gpu setups was second nature at that point. for free.

so in 2011 so when i found bitcoin and actually had the possibility of paying for electricity and the GPUs (long shot but hey if it didnt it didnt) i jumped in. read the white paper but at that time most of it was beyond me.. but i did grok enough to understand this could be a game changer. so after a bit of testing on my existing setups (old folding cards that were at the end of their usefulness as far as PPD was concerned) i jumped in and bought a HD6870 for mining. later i added some HD5830s.

btc crashed from $35 to 2 during my 1st year (2011-2012) but i didnt really care much as i never made money at folding or SETI, just the warm fuzzies. but at that point the folding community started going downhill with infighting and such. so mining btc it was.. mined at a loss for part of a year or two but again, didnt care i was the project that was important, especially once i started understanding the white paper.

and here we are. my "donation" of time during that early period allowed me to retire early. didnt expect that. but ill take it heh.
rozak
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July 29, 2021, 04:27:07 PM
 #64

I have a habit after receiving a reward from a bounty, I will set aside a little of what I earn to put into BTC. and after a few years, I got ATH yesterday. this is very fun even though it does take quite a long time.

the main reason is of course because bitcoin has a very lively trade. for that looking for profits in daily trading is very easy. for those big capital holders, I believe bitcoin day trading is more profitable than long-term hold.



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July 29, 2021, 04:28:54 PM
 #65

My original reason for joining bitcoin is to earn money to have a fuller life, can buy a house, buy a car but my capital is not enough to do that, I want to use my money to invest or what can be profitable and fortunately i know bitcoin through friends, after a while i feel bitcoin market is very good to invest and i started to invest, now i have made a lot of money from this investment.

Geez, that sounds like the list of reasons anyone would have said when they got into an MLM on Ponzi. No offence, but I guess I know why people are complaining on reddit or forums when they say people look at them funny when they talk about why/how they got into Bitcoin:)

Nothing wrong with that of course, I also have similar dreams. But that's not really how I got into it. I wanted to gamble;)

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paxmao
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August 05, 2021, 01:06:20 PM
Merited by vapourminer (2)
 #66

1st a quick background: for years i had donated my CPU/GPU computing time to free, worthy (in my eyes) causes like SETI and Folding@Home. so i was used to building and running computers for compute intensive projects. running multi gpu setups was second nature at that point. for free.

so in 2011 so when i found bitcoin and actually had the possibility of paying for electricity and the GPUs (long shot but hey if it didnt it didnt) i jumped in. read the white paper but at that time most of it was beyond me.. but i did grok enough to understand this could be a game changer. so after a bit of testing on my existing setups (old folding cards that were at the end of their usefulness as far as PPD was concerned) i jumped in and bought a HD6870 for mining. later i added some HD5830s.

btc crashed from $35 to 2 during my 1st year (2011-2012) but i didnt really care much as i never made money at folding or SETI, just the warm fuzzies. but at that point the folding community started going downhill with infighting and such. so mining btc it was.. mined at a loss for part of a year or two but again, didnt care i was the project that was important, especially once i started understanding the white paper.

and here we are. my "donation" of time during that early period allowed me to retire early. didnt expect that. but ill take it heh.

The more you share, the more your bowl will be plentiful. I think your are definitely a Belter, one of mine kin.  Grin 





I do not believe in karma, I am more incline to think that the things you get into expose you to possibilities. I got into the internet early and that exposed me to the possibility of earnings while studying... and it was not that far the chance of getting into a start-up when these did not even have a name. I also learnt about cryptography and became a self taught (average) programmer which allowed me to get an scholarship. Bitcoin would have been a natural path for me, yet by that time, all I could read was adds and stupid comments about it... too bad for me Smiley

vapourminer
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what is this "brake pedal" you speak of?


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August 05, 2021, 08:24:26 PM
 #67


and here we are. my "donation" of time during that early period allowed me to retire early. didnt expect that. but ill take it heh.


The more you share, the more your bowl will be plentiful. I think your are definitely a Belter, one of mine kin.  Grin 


"Fo keng to im gut"


dunno belter for "keep stacking" though

btw best show since babylon 5 imo

edit merited for that scene in your gifs. good stuff
paxmao
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August 05, 2021, 09:59:15 PM
 #68


and here we are. my "donation" of time during that early period allowed me to retire early. didnt expect that. but ill take it heh.


The more you share, the more your bowl will be plentiful. I think your are definitely a Belter, one of mine kin.  Grin  


"Fo keng to im gut"


dunno belter for "keep stacking" though

btw best show since babylon 5 imo

edit merited for that scene in your gifs. good stuff

Thanks Bossman, Fo keng to im gut as well.

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August 05, 2021, 10:24:09 PM
Merited by Symmetrick (1)
 #69

I know most of you are here for fiat gains, but I am not

The real reason I got into bitcoin was I thought it was anti central banker. You know the problem of people printing unlimited supply out of thin air, backed by nothing and extorting me with it for my limited time, goods and services. It is like I am playing a game of monopoly in real life where instead of all the players starting with the same amount of cash, a few start with all of it and in unlimited amounts. To be honest this is kind of a b.s. game. So for 10 years now I have refused to sell my fruits for fiat and I plan to continue until we have a equally distributed to all participants upon creation money supply. A supply we all create at the same rate.

1 hour coin an hour.
1 sectoshi a second

Now I was a die hard bitcoin fan, still am a little, but the more I thought about the end game of bitcoin the less I became a fan. Like eventually bitcoin will be 100% premine to kids born in 2142, why don`t they get a chance to mine rewards? how is that fair to them? or how it is inevitable that circulating supply will go to 0 due to dust, bugs, lost passwords, breaking hardware, death. That does not really seem great for humanity in the future. It also leads to mass murder and robbery and eventually miner wars.

Here is the start of bitcoin
Notice how the players are just going to the middle to mine and go back to there base peaceful
https://www.youtube.com/watch?v=Q41RW6bxpM4

Here is the end of bitcoin
Notice how the players are killing each other and some coded AI and robots to steal all the jobs so the people must kill other players to obtain supply.
https://www.youtube.com/watch?v=jYJVG1fKnRo

I mean who can buy all the miners?
who can buy all the coins?
the central bankers, like the FED.

"Bitcoin is as b.s. as fiat" -Elon Musk

To be honest if I was you satoshi, I would cash out and create a fairly distributed supply. Know duration or time is a blockchain. You memories prove this blockchain exist. Everything is timestamped in time forever, including your thoughts.

Act accordingly. For we are all on a p2p network in eternity and there is no anonymity in timelessness. All is known, instantly.


I got into Bitcoin when I realized my government had nothing to offer to its citizens anymore. And I needed job, so the only hope I could possibly think of is making money through the Internet and in a legit way, maybe doing a freelancing job or building my personality of becoming an influencer on the Twitter or IG social platform. But instead, my attention goes directly into investing on Bitcoin and every other coins I could possibly think of at the moment after getting recommendations from a friend.

Thanks to him though

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August 05, 2021, 10:59:21 PM
 #70

Of course, everyone has considerations before entering the world of bitcoin, whether this can be profitable or it will make us suffer big losses.of course we will think about this carefully.so that we are not mistaken in choosing a business for us to be in for a long time and how performance of the crypto world investment process

It is better when deciding to enter the crypto world, we must do research first, so that we can make sure that the decisions we make are right.
So when we have problems when investing in Bitcoin, we don't panic easily, because we already understand the risks we will bear. People who are
always careful in making decisions must think knowledge is very important. So I believe people who have knowledge, it will definitely be easier to
make a profit when investing in Bitcoin. Because they have already learned about Bitcoin, before deciding to invest in Bitcoin.

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