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Author Topic: How long did it take you to become a Bitcoin true believer after heard about it?  (Read 3159 times)
gabriella (OP)
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November 25, 2013, 11:56:29 AM
 #1

how much time lapsed after you first came into contact with bitcoin for the first time, until you became convinced it is the future?
Seccour
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November 25, 2013, 12:00:48 PM
 #2

how much time lapsed after you first came into contact with bitcoin for the first time, until you became convinced it is the future?

1 sec :p

Rampion
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November 25, 2013, 12:00:54 PM
 #3

Like 30 seconds.

No joke.

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November 25, 2013, 12:01:01 PM
 #4

about 5 minutes. and the more i learn, the more i believe in a cryptocurrency future -- and long may that continue.
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November 25, 2013, 12:02:06 PM
 #5

1 year and still counting Smiley

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JoelKatz
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November 25, 2013, 12:05:14 PM
 #6

I think it was soon as I realized that the double-spend problem was the only real technical obstacle to payments with no central authority and that someone had actually solved it. It probably took me a day or two to reach that understanding.

I am an employee of Ripple. Follow me on Twitter @JoelKatz
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November 25, 2013, 12:05:51 PM
 #7

About three days, during which I had been reading Satoshi's paper about ten times.

But to be fair I was thinking about digital currencies for quite some time before that.  So I was already very open to the concept.

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November 25, 2013, 12:06:30 PM
 #8

Like 30 seconds.

No joke.

Same.  Once I hard about it, I was buying gfx cards within a month.
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November 25, 2013, 12:31:16 PM
 #9

It took about a month of researching and trying with a small amount of Btc until I believed that it might be the future.
If it took you 30 seconds, you probably should rethink your decision making process.
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November 25, 2013, 12:48:08 PM
 #10

It took about a month of researching and trying with a small amount of Btc until I believed that it might be the future.
If it took you 30 seconds, you probably should rethink your decision making process.


1 second. because i had nothing to lose. one of the best decisions i ever made.
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November 25, 2013, 01:08:02 PM
 #11

Zero seconds. The instant I herd about bitcoin, it just all made perfect sense to me, and I realised how doomed fiat money was, unfortunately for me this was only a few months ago.
Birdy
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November 25, 2013, 01:16:33 PM
 #12

It took about a month of researching and trying with a small amount of Btc until I believed that it might be the future.
If it took you 30 seconds, you probably should rethink your decision making process.
1 second. because i had nothing to lose. one of the best decisions i ever made.

Then you didn't make a good decision, you made a random decision and were lucky.
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November 25, 2013, 01:17:04 PM
 #13

how much time lapsed after you first came into contact with bitcoin for the first time, until you became convinced it is the future?
5sec time to read about it Smiley
yook me 1 year to put my money were my mouth was.

The cost of mediation increases transaction costs, limiting the
minimum practical transaction size and cutting off the possibility for small casual transactions

Satoshi Nakamoto : https://bitcoin.org/bitcoin.pdf
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November 25, 2013, 01:20:53 PM
 #14

A few days to read a lot and get increasingly interested. The some time to see how other people respond to it. I mean, if I (or me and a small subgroup) are the only ones who care about this, it's not going to actually reach it's potential without adoption. True belief in this grew over time.

Right now I believe it (cryptocurrency) is snowballing sufficiently hard to be very unlikely to be stopped. The genie is out!
zeroday
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November 25, 2013, 02:38:16 PM
 #15

When I first read about bitcoin in some geek newspaper in 2010, I realized it must be the most promising idea of the century. However, that time I had no time to play with it. In the middle of 2011 I was surprised when bitcoin, with the help of silkroad, attracted attention of US senators and its price started to skyrocket. I was almost ready to buy some, but, just few days before I sent a wire, "the bubble" bursted and I decided to wait.

When BTC slowly started to grow beyond $2 I finally decided to give it a try and wired $10k to gox. Then I continued buying at $6, $8, $12 and so on.
In April 2013 I had to sell a fraction of my bitcoins to save my business after our money in Cypros bank were stolen by European government.
But later I continued to buy bitcoins. Last time I've bought it at about $600 and now in my pans is spending 50% of my fiat income on BTC.

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November 25, 2013, 04:10:14 PM
 #16

Years. Saw some obscure Danish tv program about it in 2010 and found it fascinating but had no sense of what it was. Then stumbled upon it again last year, and some friends talked about maybe investing in it, but since I didn't have a lot of money I didn't have the guts to put in even a few hundred bucks.

Then about a month ago I suddenly realised how stupid I had been to be so timid and bought a few when it was around $450 and then again a few when it was around $700.

Even though I have less money now than I had when it was much cheaper, I have so much faith in it and I've decided to put all other non essential expenses on hold just so I can purchase BTC and other crypto coins.

Not a day goes by that I don't facepalm to myself about not investing sooner, but it's getting easier to deal with now since I've started getting into it and feel that although I might not have gotten on the boat with the cheapest ticket, I made it at least Smiley

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November 25, 2013, 04:12:42 PM
 #17

A year or two. I've been working on this stuff since I wrote a credit card online web site in 1994, we even did the "charge your card $20 and bank the micropayments on our site" thing. Other people tried to do it, numerous failures.

But hey, back in the late 80's we were all supposed to hook up to the AT&T CONNECT X.25 network. Boy that and that mail gateway thing (MTS? What was it again) really didn't go anywhere....

C
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November 25, 2013, 04:16:24 PM
 #18

It took a long time...many months of seeing my friends savings increase before I tentatively decided to test the water...even now...though I generally think it is going to be a success I've only invested a very small amount that I wouldn't mind losing.
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November 25, 2013, 04:26:11 PM
 #19

18 months !
If only I had looked more carefully the first time...

+1

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November 25, 2013, 04:27:05 PM
 #20

Few minutes, but didn't take action  Angry

Exactly two weeks ago I came across Bitcoin again and couldn't stop reading since then. Already have some BTC and LTC, a will get more as soon as I learn more

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