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Author Topic: What do you think of your first contact with BTC?  (Read 541 times)
iTradeChips
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May 31, 2021, 04:27:47 AM
 #41

My first encounter with Bitcoin was like from another planet. But because I spent my childhood playing play money with my classmates at elementary, I had that excitement or childish excitement thinking that , "wow! It's like digital play money". And being a responsible adult I was then, I tried to get Bitcoin not by investing but by working on it. I do not like taking my money into risks then so I researched and found this forum, and found threads for Bitcoin bounties then. That was 2016 and it was an interesting experience.

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May 31, 2021, 04:37:19 AM
 #42

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.
I can feel you on that mate, at first when this was introduced on me yeah i was on that thought about this as scam or fraud but later on i realized and understand how good this is and what can bring to my life.

then i presented to my friends. colleagues and family and i got the same thoughts as yours .

they even Prevented me to extend my investments until the bitcoin price climbs up in 2017 .

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May 31, 2021, 05:34:26 AM
 #43

e payments are online because theres an "e" in its name , short for electronic . btc is under the electronic payment but if there will be difference that is btc is decentralized while the rest of the e payments that people are using is centralized . any e payment can be legal or illegal depending on the country you are living  but if we compare btc to the rest of the centralized e payments , btc has a problem with legalizations to fewer countries
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May 31, 2021, 05:57:49 AM
 #44

The first official understanding was 17 years. At that time, it was difficult to buy coins on the exchange for less than three months, and it was difficult to buy coins for 94 coins. Domestic exchanges and various digital currency transactions were banned. At that time, a large number of exchanges began to move. In other countries, mining was not completely banned in China at that time, so there are still many mining machines in the country that are mining normally.

At that time, there was a big guy around who strongly recommended that Bitcoin is worth buying, and he said many advantages. At that time, he was ignorant or even believers. Ahaha, I can’t escape the law of truth. I now believe in Bitcoin and spend it every month. Fixed investment, is also one of the operators of the currency circle and blockchain website.
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June 01, 2021, 04:20:56 PM
 #45

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)
First contact with BTC, what is in my mind is i can buy mobile data, or maybe pay electricity bills with money that i can earned online. At past there are a lot of site in my country that allow us to deposit BTC (although it is converted to fiat automatically) but with that i don't need to go to shop or maybe no one around me can know i can earn money online and buy digital product by myself.

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June 02, 2021, 03:23:06 AM
 #46

BTC is the mainstream of cryptcurrency.. its like a bridge to connect the entire world- in a bigger sense although not all countries legalize bitcoin yet eventually I believes as they progress and understand the value of bitcoin they will accept it and not banned it. while e-payment on the hand helps local and foreign for their other transaction

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June 02, 2021, 10:11:22 AM
 #47

My first time buying Bitcoin I invested in a project, a website to earn money and Bitcoin is the best intermediary for me to put cash into that website. For me, Bitcoin is a medium of payment. It wasn't until much later that I became conscious of Bitcoin's technology and its potential to increase in value. I was very regretful because when I bought Bitcoin to put on the website the value of each Bitcoin was only a few hundred dollars. If I had kept them until now, I would have been rich.

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June 02, 2021, 11:34:26 AM
 #48

The way they are being transfer is the same, but the network they are using is different. Bitcoin uses Blockchain which is better than those e-payment like paypal, or whatever e-wallets you use in your country. Bitcoin has its advantage and unique characteristics and my favorite it its volatility that means profit in the long run, unlike fiat that's giving you nothing but inflation.
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June 02, 2021, 11:39:40 AM
 #49

My first contact with bitcoin was during my senior year in highschool when my friend introduced me to bitcoin, I had around 100$ worth of bitcoin back then and I was happy to even get to that point because there isn't a lot of bitcoin to go around and all I do is try and save my bitcoin and it did pay off when the 2017 pump happened.
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June 02, 2021, 11:47:30 AM
 #50

My first contact with bitcoin was during my senior year in highschool when my friend introduced me to bitcoin, I had around 100$ worth of bitcoin back then and I was happy to even get to that point because there isn't a lot of bitcoin to go around and all I do is try and save my bitcoin and it did pay off when the 2017 pump happened.
Means you have sold the coins when the ATH happens in 2017?

and you don't even care to buy again? 2021 is your biggest regret as well?









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June 02, 2021, 12:03:50 PM
 #51

My brother was who introduced me to bitcoin. At the first time, I only see bitcoin as not so important thing. At that time I already have a job in a company as planning department staff, in my head there is nothing as effective to earn money as run a company. But now I realize that that is just the way of thinking of an employee. I can't become rich as now if I only work as an employee like that. After I learn more about bitcoin, indirectly I also learn about economy, investment, asset, pasive income and etc. And now I decide to continue my study at university to learn about business management. So beside knowing that bitcoin is the best digital payment method, now I have some knowledge that very useful such as how to invest, trading and etc. Also thanks to legendary members and other members who share their knowledge and experience here.

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June 02, 2021, 02:03:26 PM
 #52

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)
[/quote
.
I'd discover BTC way back in 2018 and I have no idea about the difference between crypto to e-commerce since both are using the digital modes of payment. However, I just realize it a year after exploring cryptocurrency. What makes the system used in BTC different from electronic payment is being decentralized and not being regulated nor monitored by the government. Also, BTC is not really a legal currency that could only exist and be useful in the crypto world but it could be exchanged into fiat money.

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June 02, 2021, 04:53:02 PM
 #53

Not much crossed my mind when I first got to know bitcoin. I just think that bitcoin is a future investment asset that many people should consider in addition to other investment option. Although at first I didn't think it would be a mean of payment in many countries, but I'm pretty sure bitcoin has more potential and uses then in the future. To be honest, I would probably feel a little disappointed when I have to look back at bitcoin's past versus today. I failed to take advantage of so many opportunities to get more for cheap and now I feel like it will never be good to remember.

-snip-
Correction your quote.

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June 02, 2021, 04:53:21 PM
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 #54

My story is quite strange, I remember that I met bitcoin and the first bitcoin I received was thanks to this forum and I didn't know how to send bitcoin, I didn't know how to see the transaction on the blockchain and I had no idea of ​​the great potential of bitcoin as an investment and I didn't know about trade and exchanges... after a few months I realized that it would be very difficult to have bitcoin through the forum because at that time my ranking was low and I didn't participate in a signature campaign, that's when I decided to sell my stuff and I bought bitcoin, at the time I was anxious and it was a very good experience and at the same time a great test of my patience, because I bought bitcoin using my bank money for payza and at that time payza took 3 days to review the transaction and then I sent bitcoin to the person's wallet, I was worried that my bitcoin would not reach my wallet, luckily 3 days later my bitcoin arrived in my wallet.

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June 02, 2021, 08:45:28 PM
 #55

In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world
I remember 10-15 years ago ... As now I worked remotely. What problems I had with the execution of bank documents. It was even when I transferred money through third countries. With the massive adoption of Bitcoin and other digital currencies, all these problems have disappeared for me. I receive a salary from any country in one click of the mouse.
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June 02, 2021, 08:52:52 PM
Merited by paxmao (1)
 #56

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)

I thought it was absolutely amazing.  I could send money anywhere in the world instantly and nearly for free.  I saw lots of places accepting it, developers building all sorts of amazing things, the community helping each other and freely sending BTC to each other for jokes and assistance...  I felt like I'd discovered an internet paradise.  Sure, Bitcoin and the community today is unrecognizable by that description, but rest assured that at one point, this technology was awesome and this community was the best place on the internet.  Now we're skating by on nostalgia and signature payments, but man was this place something special 8-10 years ago.

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June 02, 2021, 09:27:09 PM
Merited by paxmao (2)
 #57

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 first contact with BTC was something incredible, the truth was I could not believe that I had made a purchase with BTC, money that was much faster to transfer than in a traditional bank, the truth that most caught my attention was when I understood that The volumes of money can reach from the farthest place on earth to any other without the need to ask for permits, or authorizations from third parties, going over banks and especially governments, I think that was what impacted me the most.

At first I believed that this technology was not nor did it belong to this world, I even thought if we really deserved it, or if it was from another parallel universe, all those things crossed my mind, and later is when I began to read much more And to understand, of course there are many things of a technical nature that I still need to learn, I believe that learning never ends.

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June 02, 2021, 09:33:46 PM
 #58

At first I thought it was just a currency in games but as I learned more about it, I started getting more interested. My friends told me about it and encouraged me to find ways on how we can earn from it. As soon as we got the chance to earn which is here in the forum, we did everything and we started investing. Everything went into mess when the bull run last 2018 happened but now we are trying to make up for the mistake we did before and even though it is the bear market, we're not giving up on our investment once again.
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June 02, 2021, 10:02:47 PM
 #59

My friend had teach me about bitcoin.During my college days,he said about the online currency.Where we can convert to usdt.Then it will be our pocket money during the college days.My college days was more progress by this bitcoin.I had enjoyed a lot with this online earning.But now,huge and huge people into crypto online earning and became a competition to old people.  

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June 02, 2021, 10:15:57 PM
 #60

My first contact with bitcoin was during my senior year in highschool when my friend introduced me to bitcoin, I had around 100$ worth of bitcoin back then and I was happy to even get to that point because there isn't a lot of bitcoin to go around and all I do is try and save my bitcoin and it did pay off when the 2017 pump happened.

It was 6 years ago for me and didn't know yet this forum back then. A close one in my family sent some satoshis to me like about worth $40 at that time using the local crypto website just for me to believe that btc can be converted to fiat money. I sent it to my bank account and thought back then, that wow, it will be another source of money. And from then on, I searched how to earn free cryptocurrencies, remember those faucets for btc, doge, earthcoin, and others. I used my collected satoshis to top up my phone. But still not yet a member of this forum. I was first oriented with freebitco/freedoge, cryptsy, primedice.  Grin
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