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Author Topic: What motivates you to start investing in cryptocurrency?  (Read 372 times)
isaac_clarke22
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August 06, 2021, 08:20:25 PM
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 #21

~
I am even guilty of this. Cheesy
But to save it off, I am still using my BTC to send out money to my distant friend outside of my country. Without the authorities involved, I am able to send it without getting involved into too much trouble like having expenses with my transportation plus the fee that I would potentially pay for due to the service done and I know we have mining fees but that does not even matter to me. Smiley
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August 06, 2021, 08:32:09 PM
 #22

Yes I invested in bitcoin for profits. Why would any smart investpr invest in anything that isn't lucrative? It's insane! In the crypto market, I have witnessed coins with no use cases spike in price than coins with use cases. A small portion of the population care about the technology of a project

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August 07, 2021, 02:32:58 AM
 #23

How did you start investing in cryptocurrency?

If we talk of investment, we talk of ROI. I'm not sure if we could discuss about investment and not bring profit into the discussion. So if one invests in Bitcoin or other cryptocurrencies, ROI should be a consideration.

I agree with Lucius that if we are not to lie and pretend too much, the bottom line would probably be profit more than any other. After I encountered Bitcoin, I learned more about it, albeit not much of the technical side of it, and I grew enamored of its kinda rebellious philosophy or radical nature. I remember how the term decentralization became a sort of a battle cry which I admired so much.

However, I wouldn't have been excited to buy and even tried to earn more of it through trading had I not also discovered that its potential appreciation in price is very huge.

I would have already stopped accumulating, buying the dip, stacking Sats, and so on years ago if I were only looking at Bitcoin's philosophy. So right now, quite frankly, the greed in me is primarily influenced by the fact that Bitcoin would become more precious someday.

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August 07, 2021, 02:48:49 AM
 #24

Quote
How did you start investing in cryptocurrency?

I started investing in cryptocurrency after I started reading and learning about it several years ago.

It peaked my interest a lot because I liked the idea that you could be in complete control of your funds, and that nobody could take it away from you as long as you acted smartly and made sure to secure your funds.
Another reason I started investing in it is because I thought that cryptocurrency has lots of uses now, and also in the future. (As now, many stores and other places accept bitcoin and other cryptocurrency's, and it is used in decentralized applications. & in the future, it is likely to be accepted in more and more places and used in different ways.)
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August 07, 2021, 07:59:28 AM
 #25

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How did you start investing in cryptocurrency?

It's the fact that some people say we are not in control of our future. So we can do something that can change our lives.
Bitcoin is such a unique concept. So I found it interesting, and of course as a curious engineer, I started to look deeper and deeper into it.

R


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August 07, 2021, 08:29:36 AM
 #26

At first, I heard of it from a friend who majors in finance, but I didn't take it seriously. Later on, I saw the word "Bitcoin" frequently from my test paper, magazine and even one lecture mentioned that and the orator was bullish on cryptocurrency. I got inspired!
I bought an assortment of coins from Binance and other platforms. though till now, I earned just a little, I enjoy it and I just adopt a moderate proportion of my money on it.
Technical analysis doesn't work in many occasions, for me, investing in cryptocurrency is like opening mystery boxes!
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August 07, 2021, 09:17:48 AM
 #27

In 2016, my friend introduced me to Bitcoin. I didn't quite understand it at the time. I always feel that I don't understand the principle. So I rejected my friend. When he came to my house in 2018, I was reading a book about Bitcoin and blockchain in bed.
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August 07, 2021, 09:38:52 AM
 #28

Higher APY to be honest and bitcoin is futuristic  Grin, you can invest learn and working at the same time in cryptocurrency world  Grin

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August 07, 2021, 10:05:28 AM
 #29

I am even guilty of this. Cheesy
But to save it off, I am still using my BTC to send out money to my distant friend outside of my country. Without the authorities involved, I am able to send it without getting involved into too much trouble like having expenses with my transportation plus the fee that I would potentially pay for due to the service done and I know we have mining fees but that does not even matter to me. Smiley

Yes, I forgot the banks and how good it is to get around those greedy bastards when it comes to sending money - not to mention how the treatment of ordinary clients has deteriorated in recent years - account management fees are rising, and under the pretext of some KYC rules every year I have to go to the bank and declare that I do not finance terrorism or any illegal activities.

The sense of financial freedom that Bitcoin provides is sometimes the best motivation, and even when the market sinks 50% overnight I don't feel like a loser - because smart people know that despite normal oscillations, Bitcoin always goes forward.

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August 09, 2021, 12:48:39 AM
 #30

Wow.. Thou as for me, it wasn't an easy road. A came know about crypto and made my first investment after a friend of mine told me about Forsage 3by3 referrer matrix program back then in 2018/2019 after making some good profit out of it. And I become so interested in it. Because back then all you needed to join the forsage was only 0.5 Ethereum, which was equivalent to $5 as of then.

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August 09, 2021, 06:51:40 AM
 #31

A few years ago, I did not understand blockchain and Bitcoin. One day I suddenly saw Huobi, and when I went inside, there was actually this kind of technology.
I learned about the security of cryptocurrency. I don't like ordinary work. I am more willing to take risks. So I choose cryptocurrency. I am grateful, because of my courage, cryptocurrency has changed my life.
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August 09, 2021, 07:03:47 AM
 #32

When I was in college, I heard about Bitcoin and other cryptocurrencies. My roommate uses part of his savings to invest in the crypto market. I didn't understand at the time. I am worried that he will be deceived. As a result, he originally invested 700 US dollars, but it became 5000 US dollars. I was a little attracted.
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August 09, 2021, 07:38:17 AM
 #33

When I first heard about cryptocurrency, I was surprised by the crazy trend of Bitcoin at the time. I was thinking why I didn't enter the market sooner. No one will say no to money, but I understand the risks involved. I began to learn technology and knowledge, and I gradually entered the market to minimize the risks.
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August 09, 2021, 07:53:36 AM
 #34

When I was in college, I heard about Bitcoin and other cryptocurrencies. My roommate uses part of his savings to invest in the crypto market. I didn't understand at the time. I am worried that he will be deceived. As a result, he originally invested 700 US dollars, but it became 5000 US dollars. I was a little attracted.
Did your friend withdraw them at 5000 dollars or did he keep it in Bitcoin? I am interesting whether your friend is a trader looking to invest in Bitcoin to eventually take it back out again into fiat or if he thinks that Bitcoin is worthy of becoming a mainstream currency.
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August 09, 2021, 08:13:30 AM
 #35

 :)This question is very good, willing to share, and also very interesting,

About 3 years ago, a boy introduced by a relative chased me and said in a chat that he was buying bitcoins. Obviously, he was speculating when he bought bitcoins. By the time of Halloween, he may have lost money, about 300,000 yuan. When he told me, he was in a very bad mood. He said that he would never buy Bitcoin again.


     Later, I still didn’t accept this boy’s pursuit. When I told him that we were inappropriate and would be good friends in the future, he said that if you need help in the future, you can call him. I said you teach me how to buy BTC, he looked surprised,  he taught me how to operate it,Since then,


    He taught me how to operate. Since then, he has never returned to this circle, but I have become a believer of Bitcoin.


     Later, I found a boyfriend who did Bitcoin-related work.

People who give up time, in fact, time also gives up him.
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August 09, 2021, 08:15:13 AM
 #36

I'm just trying to make a living since my country isn't even close to getting better, from online surveys down to HYIP and finally crypto, at the time I don't even know what it is, it was around 2017 then I started buying through coinbase, today crypto is a bigger part of my life

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August 15, 2021, 10:19:02 AM
 #37

I knew about bitcoin from youtube back in 2017. It was interesting because of the new technology and how it grows rapidly from the first time it was found. I was totally mesmerized by the videos I watched and then I start to learn more about bitcoin from articles I googled. From there, I started to know about other cryptocurrencies and how they could change the world. I get some information on how to earn for free from the crypto world. I know faucets, airdrop, and bounty, and of course, Raiblocks (NANO) that then changed my life 180 degrees. I have never used my own money from my pocket, but I used money from rewards instead, I learn to trade from there and start to invest. Since then, I never invest in the old, popular, and stable projects like bitcoin or ethereum but the newborn projects instead.

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Peanutswar
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Bitcoin Casino Est. 2013


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August 15, 2021, 03:25:51 PM
 #38

I start making investments in bitcoin because out of curiosity there are a lot of people talking about Bitcoin at first I didn't trust those rumours but when I experience that to gain profit by holding and selling on the ATH I gained profit also this did not happen without a proper guide which is the help of the forum knowledge and my urge to get more information what are the possible things might do of the bitcoin the other assets.

Right now I tried to invest, hold, explore more of the bitcoin and related itself.

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Eureka_07
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Binance #SWGT and CERTIK Audited


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August 15, 2021, 06:10:49 PM
Last edit: August 16, 2021, 05:59:51 PM by Eureka_07
 #39

A year ago I had a friend who talked about cryptocurrency and checked the news about cryptocurrency on YouTube and various websites. At the time, I didn't know what cryptocurrency was and was very skeptical.
In the past few months, I saw a lot of news about profiting from investing in cryptocurrencies, and I also saw a store that indicated that it was possible to pay with Bitcoin.I became interested in it, so I asked that friend to leave the knowledge about cryptocurrency as a hobby investment.
How did you start investing in cryptocurrency?
Cryptocurrencies offers variety of opportunities in which if your time of investment is perfect you'll be able to multiply your initial investment, sometimes even in exponential profit. That's rare if you'll invest on stocks. Cons, since it is very volatile, you could also lose the value of your investment. Always do your own research before investing into something, that's one of the most important thing you have to do first.

Myleschetty
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August 16, 2021, 02:50:21 PM
 #40

I like trying new things and I'm the type of person that doesn't want any window of opportunity to slide me by but the story of people like Erik Finans, the Norwegian man that invested $27 in Bitcoin which later turned to thousands of US dollars are what motivated to start to invest some penny into crypto.
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