adzino
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Activity: 2968
Merit: 574
www.Crypto.Games: Multiple coins, multiple games
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June 02, 2021, 10:54:38 PM |
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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)
No country has to agree. It is a decentralized currency. Anyone can use it. No country in the world can put a ban on bitcoin or most other crypto currencies. This is why decentralization is important. If it was some shitty centralized coins, it could be taken down easily. Even if the country doesn't "agree" with bitcoin, you can still use it. No one can stop you. As long as you are not involved with fiat currency (more like sell crypto for fiat), then your government won't know that you are using bitcoin. |
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The trust scores you see are subjective; they will change depending on who you have in your trust list. |
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DarkDays
Legendary
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Activity: 2030
Merit: 1189
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June 02, 2021, 10:56:58 PM |
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I regret not buying more... Though, at the time it just didn't seem like it would turn into what it is today.
It was also a different concept and when new things come along many people are not sure how to react. I remember thinking that not many people would want to buy this coin - and how wrong I was.
Anyways, the growth that BTC has seen itself and the ripple effect into what we know today as the crypto world has been massive, and I think with more institutional effort this is just the beginning.
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BuNga_cute
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June 02, 2021, 11:04:58 PM |
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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.  Everyone does have an interesting story related to their first contact with Bitcoin, I also believed in Bitcoin when I managed to convert Bitcoin into fiat. And managed to make a withdrawal to my bank account, since then I am the same as you trying to collect as much Bitcoin as possible. Because when I first collected Bitcoin I started from the faucet, because at that time I was still looking for a way to collect Bitcoin without having to spend money. Finally from the many faucets that I follow, I managed to collect a lot of Bitcoins. But at that time the price of Bitcoin was not as expensive as it is now, then there's not much I can buy from selling the Bitcoins I have. But everything changed when the Bitcoin pump in 2017, I am more serious about collecting Bitcoins. I even dared to make a deposit to be able to trade Bitcoin. |
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sulendra12
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June 02, 2021, 11:05:53 PM |
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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 good thing is, at first the government were against cryptocurrency or bitcoin in general because it's a fraud and they are thinking that this assets are commonly used for illegal crimes such as money laundering, terrorism etc. But, once they know the great thing about cryptocurrency and the system behind it. They are starting to use it  , so many countries have been experienced this shit. |
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Xinarae*
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June 03, 2021, 02:20:59 AM |
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At first, the value of bitcoin was very low in many countries the government reduced the amount of investment by many traders due to lack of legalization but later the amount gradually increased. Bitcoin is a highly volatile currency and it is important that you understand all the risks involved before spending any money bitcoin is very popular in crypto at present and its demand is higher than other currencies. It is easier to invest in bitcoins today than ever before because of the lack of legitimacy and government intervention.
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Rajamuda
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June 03, 2021, 04:06:31 AM |
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This is an interesting thing because at first I thought it could not develop well, it seemed worthless especially in my country, but after all.. of course it is not only in one or two countries that bitcoin is known, it was increasingly globally with technological developments, especially in terms of finance and investing.
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bitzizzix
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June 03, 2021, 04:30:08 AM |
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When I first got to know Bitcoin, it started with some of my friends which confused me because they don't have permanent jobs but are like workers who have big salaries.
and what's more confusing is what they want to achieve and financially some of my friends are much better off than me who has a steady job and is still limited in spending.
and finally I tried to ask and finally some of my friends said it was all because of bitcoin and I was interested because some of my friends lived much better in finance and finally they taught me until I really understood it well.
and finally i can be like some of my friends till now and make my life better economically and can help my family, it is a blessing for me to know bitcoin and i am very grateful to some of my friends because of them i know bitcoin and can change life I'm getting better.
and but until now in the country where I live bitcoin is only allowed for assets, trading and investment only and is not allowed to be made into transactions and that's not a problem for me, the most important thing is that I can still use it and convert it into fiat.
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samsul1234
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June 03, 2021, 04:42:44 AM |
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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)
hello sir, I think BTC is not just electronic payments BTC is an asset, so it's very clear the difference between electronic money and BTC, if BTC will be legalized in a certain country it will most likely affect electronic payments |
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Coin_trader
Copper Member
Legendary
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Activity: 2772
Merit: 1169
Leading Crypto Sports Betting & Casino Platform
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June 03, 2021, 04:45:24 AM |
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This is an interesting thing because at first I thought it could not develop well, it seemed worthless especially in my country, but after all.. of course it is not only in one or two countries that bitcoin is known, it was increasingly globally with technological developments, especially in terms of finance and investing.
What specific year do you know about Bitcoin because your rank is quite low to assume that you know Bitcoin during its developing stage which is 10 years ago. Bitcoin has a working already shortly after it was introduced. Up until now not all country is using Bitcoin in terms of using Blockchain tech on there own system. Still only few using and embracing the use of it. |
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todiefor17
Member
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Activity: 344
Merit: 11
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June 03, 2021, 08:10:46 AM |
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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. Since when did you buy Bitcoin? 2017 or earlier? Bitcoin transaction speed higher than the local bank transfer rate is a subjective judgment on your part. I bought Bitcoin in 2017 and it wasn't really fast because it had to wait for 6 confirmations. We trade Bitcoin freely and we take care of all the money we send. Although we don't need to ask anyone's permission, we must put our absolute trust in Bitcoin's blockchain technology. My feeling when I first used it was that Bitcoin was so new, it was modern and vague because I was used to using a bank account before. |
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Ridi
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Activity: 200
Merit: 11
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August 27, 2021, 11:45:06 AM |
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My first contact with Bitcoin is like wow amazing that's so cool platform ,where you can earn money, invest and send money anywhere with digital transaction and this is not controlled by any government. And of course this is safe and secure and fast.
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taufik123
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Activity: 2520
Merit: 1721
airbet.io
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August 27, 2021, 04:18:07 PM |
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My first contact with Bitcoin is like wow amazing that's so cool platform ,where you can earn money, invest and send money anywhere with digital transaction and this is not controlled by any government. And of course this is safe and secure and fast.
Bitcoin is not controlled by anyone, including the government. Bitcoin has a strong community or users around the world. But for security issues it depends on each user. Risk may occur in bitcoin if you are not careful. if you have the wrong address when sending Bitcoin, it will not be able to be canceled. and for speed it is fast but still constrained by the fee which is still large. But overall bitcoin is a modern digital asset that has many advantages and is in demand today. anyone who knows bitcoin will have a great and different first impression of current transactions. |
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Kiley33
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Activity: 168
Merit: 19
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August 28, 2021, 02:34:10 AM |
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When I first learned about Bitcoin, I was confused.
I don't understand why Bitcoin does not require a third party.
I believe everyone’s first thoughts are the same as mine.
After I learned about Bitcoin, I thought it was really a great technology.
I admire the technicians very much.
When I bought Bitcoin, I found that Bitcoin is more real.
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