What do you think of your first contact with BTC?

[kojektea]

the first time I knew bitcoin like a normal person, I thought it was just a toy coin that could be exchanged for money just like you play in a toy place and then get a coin, this time just by the name of bitcoin, but I remain interested in it, I tried it and until now I still learn it.

In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees)

What's great about it is, people can transact using BTC whether their governments are for it, or against it. That's the power of having an actual decentralized asset. They can illegalize it, but they can't technically ban it.

You're absolutely right, It's been often in my country to hear that bitcoin is immediately banned. But there is no bad change, bitcoin but in demand, used, until in my country declared bitcoin is a commodity money authorized. And now in my country many cryptocurrency projects are growing.

[moderator's note: consecutive posts merged]

[Mpamaegbu]

What's great about it is, people can transact using BTC whether their governments are for it, or against it. That's the power of having an actual decentralized asset. They can illegalize it, but they can't technically ban it.

It's this feature that is preventing those governments banning BTC from crippling the finances of their citizens. The worse any dictotarial country can do is ban but can't prevent it's people from using it.

It's this same advantage that saved Nigerians at the time when the country's government banned Bitcoin because it wanted to prevent any future demonstration or rebellion after the stauch #endsars protest that rocked the country and gave the government more than what it bargained for. I believe in the next few years from now, any announcement of countries banning Bitcoin or cryptocurrency won't be shaking anyone again as people would've have got used to the fact that government can't destroy Bitcoin.

[kotajikikox]

The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different.
 In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees)

My frsrt contact with BTC? well like majority thinks ? that this is just another scam or lies because those time  i don't even believe in E-payment method .
Just recently when i realized that E-payment is also good method of payments because like BTC i only tend to hold and just in sometimes that i let this used for paying some bills or  if there is a establishment that accepts BTC as payments.

[worle1bm]

The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different.
 In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees)

Your e-transaction are settlled by a third party which is your bank and act as an intermediary and can always block your funds if you have not valid proof for your income source.But on the other side you can globally make transaction with Bitcoin without any third party and low fees which is not the case with fiat currencies.

Government can change denomination of notes,can ban your funds, confiscate your money in banks but they can't control your funds in non-custodial wallets and can't ban Bitcoin at any cost.They want to make joint effort to shut down internet which is not possible in any case as World could not function in its absence but still the offline transaction will can be conducted on bitcoin network.So that's btc for you.

If you actually know the usage of Bitcoin then you would not have compared it with the legal fiat of any country as they both are different in nature though similar use.

[DoublerHunter]

The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different.
 In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees)

My frsrt contact with BTC? well like majority thinks ? that this is just another scam or lies because those time  i don't even believe in E-payment method .
Just recently when i realized that E-payment is also good method of payments because like BTC i only tend to hold and just in sometimes that i let this used for paying some bills or  if there is a establishment that accepts BTC as payments.

^ I remember those times when I was first introduced to BTC, most of them are against this and saying it is a scam or fraud but I saw myself as the potential on it. Later on, it has become popular as an e-payment method but I realized that the fee is not worth it than holding this on your own waiting for your profit until it will come to the price will go up. They treat this now as a storing of value, not an e-payment method. Nevertheless, those days BTC are not mature, but now, we are in the mainstream that people was started accumulating and holding BTC.

[dezoel]

The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different.
 In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees)

That your explanation of electronic payment is wrong, electronics payments are available to be used in most places around the world, and there is no difference between electronic payment and Bitcoin, Bitcoin is also an electronic payment. The meaning of electronic payment stands non-cash transactions that are done without the need for a paper check or physical cash.

There are lots of electronic payment methods around these days, Bitcoin, PayPal, Payoneer, and a lot of them. The difference between Bitcoin and other electronic payment methods is decentralization; while other payment methods can’t function in all the states/countries due to one reason or the other, Bitcoin can be used anywhere around the world, whether legal or illegal.

[SacriFries11]

the first time I knew bitcoin like a normal person, I thought it was just a toy coin that could be exchanged for money just like you play in a toy place and then get a coin, this time just by the name of bitcoin, but I remain interested in it, I tried it and until now I still learn it.

Great to know that you’re the one of the luckiest people in the world to immediately knew about BTC, not all people know about this and I think we’re blessed to knew the currency of the future. First time I knew it, when my colleague asks me do I know about BTC and the way he speaks to me about the BTC the more I convinced to try it. I immediately knew that it’s the currency of the future. I know that BTC will surely dominate the market, still didn’t lucky to buy at least 1BTC back in 2017 when I the first time I knew it but still blessed that BTC helps me a lot financially.

[Trinx01]

The first time I contacted BTC is only last year, I am a student at that time so I wasn't able to invest especially when the price goes down too deep to $3900 but it is okay maybe that is not the right time for me and I know that there are still a lot of chances for me in this world of crypto, I really like this cryptocurrency because with this I was able to earn money unlike on fiat currency that there is no way to earn money unless you will have a work physically which requires age to get hired.

[nightxglow]

My first contact with btc is...confusing lol. I don't know anything about bitcoin, and it's still new that time, not that many article that explain about it too in my language, that i can read to understand it comprehendly. However as time passes by, oh well i guess bitcoin is quite nice, except the fact that the transaction fee can be insanely high and nonsense though, which is my only complain regarding bitcoin. However, still understandable and acceptable. At first it's just like complicated confusing thing, but now i kinda adapted to bitcoin already.

[lepbagong]

in 2017 when I started to know bitcoin and even then not directly, but through other coins and had to be exchanged for bitcoins and all I know from people is that it has to be exchanged for bitcoin even though it can also be used for other coins (only found out astray later), because at that time just knowing bitcoin so i just did that and it obviously started with confusion too, but ended up getting it done. even though they did not dare to exchange large amounts for fear of being wrong and only dared little by little for fear, fortunately at that time the transaction fees were not too expensive.

With the journey, I finally learned a lot and began to know clearly and finally got used to it and until now it's safe, although now to get bitcoin it seems that it is a rare item, which is often only altcoins.

[pilosopotasyo]

It's hard to understand that I don't think I can learn everything on it in just one lesson I have to watch a lot of videos on Youtube to fully understand the concept of Cryptocurrency, but when I got it I was so excited because of it's potential in the future until now I'm still excited because I already made a profit and continue to make a profit and have seen how the world adopt it.

[bryant.coleman]

The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different.
 In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees)

If I remember correctly, the first time I made payment using Bitcoin was in 2013, and it was for CryptoThrift. Waiting 10-15 minutes to get the confirmation was new for me, and I was nervous about it initially. Gradually I got used to lengthy delays in getting a confirmation. Back then, there were not much options to spend your coins and a lot of people were wasting their BTC with Satoshi Dice (Bitmit and CryptoThrift were the only market places, AFAIK). Everything changed by mid-2013, when the exchange rates suddenly went up from $5 per coin to $250 per coin.

[Connor5471]

my first impression of bitcoin is a strange environment because I used to the fiat system as we all know, we used it on daily basis and we physically used it to pay something in our life, and when the first time I got into the bitcoin world I had to figure a lot of things about the mechanism and the technical system and because of the volatility of its value, I guess bitcoin is an asset for the future and innovation for our new currency system.

[Shenzou]

The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different.
 In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees)

The first time that i ken about bitcoin whas back in 2011 when i saw a report on the TV about a guy mining bitcoin and earning money from it, at first i didn't pay it any attention because i was young, but a couple of years later i came across it again when searching for a way to make moeny online, at first i thought it was complicated but after a while i learned the basics and quickly came to realize of how great and convenient using bitcoin is , and i still think about what would have happend if i invested in it earlier.

[Yatsan]

The first contact I have with Bitcoin way back the year I have started which is 2016, I feel a little bit strange on how the amount I have in my wallet then is suddenly changing at a period of time having a certain amount of Bitcoin and its equivalent value on my national currency conversion makes me feel a bit nervous up until I have understand its nature to be volatile making it be able to have ups and downs unexpectedly. Also, it makes me think on how such thing exist in the world for I have become familiar with the common currencies and that is the first time I came into encountering cryptocurrency in the name of Bitcoin. But those that I have mentioned were just some sort of first impression that I bet we all commonly have experienced having in contact with Bitcoin way back then.

[dunfida]

The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different.
 In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees)

When it comes to;

-Decentralized
-Irreversible Transaction
-Anonymity

Then its way too miles ahead if we do compare it to fiat and this is why it did really get soo much community support due into that characteristics.
For us to be noobs then its understandable that we cant grasp out everything in one go specially if we are just starting but due to experience
and more read ups then we would really be able to uncover on whats the real deal.

[Ryker1]

The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different.
 In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees)

Well, there are too many unclear issues when I first contact bitcoin, --the number of false information that I encountered is that bitcoin is a scam, fraud, or a Ponzi scheme project or belongs to the pyramiding scam. But that is not, I dug too much information regarding bitcoin and in that way, I fully understand what it is, how this will work, and how useful the technology behind bitcoin and that is a blockchain. Due to curiosity, I found this forum, and that was given light on my mind that bitcoin is good for investment or a way of payment across the borders. Until now I did not feel any regret that I have found this coin and now it becomes the number one cryptocurrency.

[GreatArkansas]

The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different.(....)

We are almost the same experience for discovering Bitcoin in the past.
Same with me, I was able to use Bitcoin before to alternative payment method, so instead of another electronic payment system, like Paypal I used Bitcoin, and that's the time I started to become curious about Bitcoin and everything changed.
There are really a lot of differences between Bitcoin and other electronic payment system, the one you mention is one of them.

[TOM Bb]

Recognize the investment risks and calmly face the ups and downs of the market. Some people are making money. Naturally some people are losing money. Although the digital currency market fluctuates greatly, there is no guarantee that everyone will make money. The rise in the market is naturally exciting, and we must remain calm when it comes to falling. Rise and fall are natural, and there will be no currencies that only rise but not fall in the market. The reason why the currency will rise is because there are constant funds entering the market, which will gradually increase the market. When faced with a decline, we must not be discouraged, we must be patient, and we can also perform appropriate operations.

[cabron]

The first time I got BTC, it didn't feel good because I don't know how to spend it. I got about $12 as a fee from someone who hired me to edit a photo for him. It was quite new to me and didn't have any job anyway so I took the job. Nothing special after receiving the BTC but it started becoming special when I end up reading things and find out how it really will work. The only way you can see it very differently when you know exactly how BTC could be much more than just a currency.