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Question: How many of you have not "bought" bitcoin but still hold it
Bought bitcoin at some point of time
Never bought it (Earned it through some medium)

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Author Topic: [POLL] How many of you have not "bought" bitcoin but still hold it  (Read 271 times)
Zionatin
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December 05, 2020, 08:44:44 PM
 #21

I earn in bitcoin and have done so for the past few years. The only way I get fiat is by selling crypto. I have no use for fiat other than buying food and the rest. If I could use crypto I would never touch fiat again and even shut down my bank account. That's the dream, right?

I have seen many people here on this forum who have never actually bought bitcoin including myself.
We are the guys who love bitcoin deeply and have explored different ways to accumulate bitcoin.
I have tried to acquire as much bitcoin(Satoshis actually, never accumulated a whole bitcoin  Cry  ) as I can and then traded it to increase my portfolio.
The poll results won't matter much but it might motivate some people to find ways to accumulate bitcoin too.
Also, it would be fun to see how many people are there who belong to same category.
Most probably these would be the early users who would fall in this category (not necessary though)
While I have in fact bought bitcoin in the past and like most people I regret not using all my capital to buy it when it was as cheap as it was back then, in fact most of the bitcoin that I hold to this day has come from accumulating small amounts of bitcoin here and there, nothing big but as long as you are constant and you keep storing your bitcoin you will be surprised at what you achieve over the long term.

In fact this is no different than any other activity, for example if you decided to learn a new language it is obvious that the first steps are going to be very hard and many people give up during those first steps but if you keep pushing you will find yourself that in a few years you're going to be very fluent in the language that you wanted to learn and the same applies when it comes to accumulating bitcoin.

Yes, but in hindsight, you can say that about everything. You can flip a coin and it lands on tails and you can say in hindsight you should have chosen tails, not heads. But we can't think this way it is a negative and destructive dangerous way of thinking
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Oilacris
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December 05, 2020, 08:50:46 PM
 #22

I have seen many people here on this forum who have never actually bought bitcoin including myself.
We are the guys who love bitcoin deeply and have explored different ways to accumulate bitcoin.
I have tried to acquire as much bitcoin(Satoshis actually, never accumulated a whole bitcoin  Cry  ) as I can and then traded it to increase my portfolio.
The poll results won't matter much but it might motivate some people to find ways to accumulate bitcoin too.
Also, it would be fun to see how many people are there who belong to same category.
Most probably these would be the early users who would fall in this category (not necessary though)

Im also into that category where i havent able to use up my fiat on buying bitcoin/satoshis in gradual manner but rather im doing other mediums that can possibly give me the chance
on accumulating it instead.

This is really indeed a reality that there were people whom do engage into this market without the need of poking out some money into your wallet if you can just earn
with just having your time and effort.

Yes, it might not be that much compared if you make out some investment but the feeling on seeing your portfolio grow due to your hard work plus a rise in the market of its price
then it can really give out that good vibes.
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December 05, 2020, 09:23:00 PM
 #23



I guess I've bought 'some' but 95% of all my Bitcoin and Altcoins or whatever in Cryptocurrency was 'mined'. I started mining in 2013 because I was bored.

So rather than put up the Lost Gonzo BBS system again (like 5 towers back in the day) and a cost of say $60 a month in electricity for a free BBS. I 'tripped'

over Bitcoin in 2013 and figured I'd help 'micro-lending' in India, if Bitcoin took off and maybe, just maybe, the KNC Jupiter Bitcoin Miner would pay itself off

in 5-7 months and joy, of joy...'afterwards' maybe, just maybe, I could 'mine' Bitcoin for another say 5-6 months and it would be enough to pay off my house

utilities! Yea!  So, a much better hobby with electricity costs being nil, if the above worked. Needless to say at $150 BTC the day I mined for 1st time at ONE

Bitcoin a day....and currently at $19,090.09 USD from https://coinmarketcap.com/...I may have 'underestimated' the impact of what my 'hobby' was.

As of now, with home mining and pretty much even data hall mining dead. (not gonna swap BTC for POW ASIC equipment anymore in full HODL mode)

I recomend that people 'attic mine' or sell crap they would otherwise die with from attic on eBay and then convert to BTC/Crypto and HODL.

This is a good way to get rid of clutter and WTH are you gonna think if you don't do this, and Bitcoin goes up 16x again or some such as it has in the past.

Almost NO risk and potentially a huge reward if the rainbow/fairy-dust/unicorn perfumed fart predictions of $100k BTC is correct at the end of 2021.

Anyway, just an aside that you can still NOT buy Bitcoin from just fiat, you can use this angle to 'attic mine' as I call it.

Anyway, what I tell 'newbies' to do now rather than buy mining machines.

Brad

Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/2021. It also works with Windows 10 and likely 11 and allows 16 bit DOS game doors on the same Win 10 Machine in Multi-Node! Five Minute Install! Look it over it uninstalls just as fast, if you simply want to look it over. Freeware! Full BBS System! It is a frigging hoot!:)
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December 05, 2020, 10:44:13 PM
 #24

At first, I started with small amount investment in Bitcoin, that was way back five years ago because one of my colleagues brought up the idea to do so. Then surfing around the Web, I have encountered this forum approximately after two years. I have read topics regarding bounties, faucets, air drops and the likes wherein one could earn not exactly Bitcoin but altcoins most of the time. Tokens or rewards from crypto projects could be traded or sold on exchanges and I decided to convert most of it in Bitcoin because it is having a higher chance in my opinion to have a price increase over the years due to its wide range of community users. But there was a point wherein I invested additional amount, specifically when I had luck the same year Bitcoin reach its ATH.

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December 05, 2020, 10:47:58 PM
 #25

So I did "buy" some of my coins but the exchange where I did it got hacked and disappeared soon after (I managed to withdraw before it happened). None of the exchanges where I bought functions right now. Since then I've accumulated by claiming airdrops and giveaways and converting them to Bitcoin. I also took part in signature campaigns. I still have coins that date back to 2015.

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December 05, 2020, 11:31:34 PM
 #26

I have always earned my Bitcoin by working on this forum through signature campaigns, offering services like telegram management or bounty management as most of the bitcoin's I hold are result of daily investment made towards gold. It's better to earn Bitcoin rather than buying.

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December 05, 2020, 11:43:50 PM
 #27

I started collecting Bitcoin in 2015 and started from working on faucets, it's not like now working on faucets is not very feasible.
After that I participated in many bounty campaigns and airdrops to get free coins which I then bought Bitcoin. 2017 was my biggest
mistake in the crypto world, I decided to buy Bitcoin at that time with borrowed money from a bank. Finally, in 2018 I became in debt,
because the Bitcoin price fell and I couldn't pay my debt. Finally I had to sell some of my assets to pay off the debt I had, and since
2020 I decided to collect Bitcoin not by buying it. But I collected it from the bounty campaign.

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samputin
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December 06, 2020, 01:50:27 AM
 #28

~

I last held almost 12 bitcoins in 2017, and in that very moment I actually spent them. not left till now. wrong strategy i did. probably obsessed with the first halving. that's an experience that I can't forget.

because before 2017, right 2015 and 2016 I spent two years collecting and miracles really came to my life.
That's a huge amount. 12 bitcoins? I can't even have one within the span of three years that I'm here. But your story's kinda sad. Anyway, I'm sure you'll be able to earn that again. Don't lose hope.

As for me, I'm still earning and holding because I just feel like it basically. And also, I want to experience earning even one bitcoin. I haven't tried buying one. I prefer earning than buying, I guess.

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December 06, 2020, 02:00:40 AM
 #29

~

I last held almost 12 bitcoins in 2017, and in that very moment I actually spent them. not left till now. wrong strategy i did. probably obsessed with the first halving. that's an experience that I can't forget.

because before 2017, right 2015 and 2016 I spent two years collecting and miracles really came to my life.
That's a huge amount. 12 bitcoins? I can't even have one within the span of three years that I'm here. But your story's kinda sad. Anyway, I'm sure you'll be able to earn that again. Don't lose hope.

As for me, I'm still earning and holding because I just feel like it basically. And also, I want to experience earning even one bitcoin. I haven't tried buying one. I prefer earning than buying, I guess.
I think not really that bad because he had been collecting bitcoin from 2015 when we know that bitcoin that time is cheaper than today's market. So I guess that even during the halving when sell the btc still that was a big profit for him. However, he still regret it because of the halving where he had been luckier if he sell the btc he had during the bullish trend especially at the current market for bitcoin and other cryptocurrency.
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December 06, 2020, 04:50:12 PM
 #30


I think not really that bad because he had been collecting bitcoin from 2015 when we know that bitcoin that time is cheaper than today's market. So I guess that even during the halving when sell the btc still that was a big profit for him. However, he still regret it because of the halving where he had been luckier if he sell the btc he had during the bullish trend especially at the current market for bitcoin and other cryptocurrency.

life there is no satisfaction, does it look human?

You are right that I was very lucky, moreover I got it without spending a penny.
history remains history, it will be a beautiful story for the rest of my life. dreams come true, it really does exist.

.
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Searing
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December 06, 2020, 10:23:06 PM
 #31


I think not really that bad because he had been collecting bitcoin from 2015 when we know that bitcoin that time is cheaper than today's market. So I guess that even during the halving when sell the btc still that was a big profit for him. However, he still regret it because of the halving where he had been luckier if he sell the btc he had during the bullish trend especially at the current market for bitcoin and other cryptocurrency.

life there is no satisfaction, does it look human?

You are right that I was very lucky, moreover I got it without spending a penny.
history remains history, it will be a beautiful story for the rest of my life. dreams come true, it really does exist.

Again, IMHO, there is a 'chance' that we are still in the early adoption stage. Say someone sells the crap out of the 'attic' on eBay or 'attic mining' and gets as much

frigging dust as they can at this point in time of 2020. Say they manage through garage sales/estate sales/selling crap they otherwise will die with. Doing such, for

fun, like mining in a bit by bit manner, could really pay off yet. I mean what if the pundits and bulls of Bitcoin are correct and in say 5 years you are looking

at $500,000.00 per Bitcoin. It is not like Bitcoin in the past depending on 'adoption' has not gone up 5x,8x,16x before.

at that price your $10,000.00 investment at say an average cost of $20,000.00  would be about 1/2 a Bitcoin. or $250,000.00 if you went into HODL mode.

So we may have been lucky and myself in at 2013....but there is only so much 'virtual land' to go around to base worth on into the blockchain, so it could

happen. so again, I should do this, newbies should do this, etc. Worse that happens is you have a bit of light fun dumping stuff for BTC dust on eBay and

get rid of the clutter... In the long term though you could maybe be still as lucky as someone like me that got into BTC/Crypto in 2013.

The main thing is to accumulate and HODL for next 5-10 years or so. In 'whatever' the manner, just in case the above is true. Smiley

Brad

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December 06, 2020, 11:00:39 PM
 #32

I bought bitcoin a couple of times but that was like two or three years ago. Currently i'm in a similar position where i'd try to accumulate bitcoin in other ways possible. Most of what I had came from signature campaigns, giveaways and some gambling here and there. While i'm accumulating I have to sell some of them every month so I don't get to keep as much but I don't mind as long as it's growing.


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