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Author Topic: First time of owning bitcoin  (Read 924 times)
My ThuiHa
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December 06, 2022, 03:14:21 AM
 #61

I was so excited to own bitcoins for the first time, every second I wanted to open the app and check my bitcoins. Even when I go to bed at night, I think I bought bitcoin.Can't control my excitement.
I will also share this joy with my friends. It was my friends who introduced me to cryptocurrency, and they were so excited to see me.
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December 06, 2022, 05:30:54 AM
 #62

Not too quite long I had a section in my home where I had to discuss with some of my neighbors about cryptocurrency/bitcoin and to an extent explained to them how the industry operates and the benefits it can offer. But this is not the actual point of my discussion anyway.
The thing here is that one of the person's I had that round table discussion with was to my oblivion doing  some personal research privately about bitcoin based on all she has been told about it for the past many days after that very discussion. And so yesterday she came to me asking that I should assist her in purchasing bitcoin worth about $160 as she is avoiding on making mistake by doing it by herself alone since it's her first time. After every process and the said amount of bitcoin was purchased successfully into her account, immediately there was this expression of the feeling of joy the lady expressed with a wide smiles that seem unending and I was amazed at such level of excitement she showed.

Then after she left, I started asking myself, like did I also acted same way when I first got my own bitcoin or is the lady just been overwhelmed knowing she now own a certain amount of bitcoin or am I missing something as to why she reacted the way she did?

For you how was your own reaction/expression in your first time of purchasing and owning bitcoins, was it so different? I would love to know!

We all relate to this part when we first buy bitcoin and see the numbers in our bitcoin wallet, Mine was in 2017 when I first bought my bitcoin I don't really know or understand what bitcoin is but it was just a great feeling, especially for someone like me that doesn't really invest. It definitely gives you a lot of excitement when you do learn things about this bitcoin technology, when everything go smoothly from your learning and then you also earn at the same time is just a great feeling as an investor.

It is quite new to a lot of people when they first hear about this bitcoin thing, in my country when a bitcoin wallet was introduce it was just a new thing of transactions that business love but its not actually convenient to others, just the fun of having bitcoin or experience to buy things using bitcoin is just great since it is a new technology to some people.

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December 06, 2022, 05:40:13 AM
 #63

My first Bitcoin buy was a bit sad, because I had the feeling at the time, that I was too late for the party. I bought when the price was around $400+ and I was thinking that $500 would be the All time high price... and I would not make a huge profit.  Roll Eyes  A little while after that, the price increased to $1000+ and I sold many of those coins.  Angry

To my surprise, the Bitcoin price just kept on going up ...so I bought more and I hoarded those coins. I sold many of them for a huge profit at $18 000 and then again at $25 000 and the last ones at $40 000. ( I had no regrets, because I paid of most of my debt and I had some extra money in the Bank..... just waiting for the price to drop again )  Grin Grin

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December 06, 2022, 06:00:28 AM
 #64

I got my first Bitcoin when I received an Altcoin from an event I participated in.
But they sent my payment to an exchange which required my to complete my KYC but since I wasn't prepared to let them have my details I then decided to swap the alts for Bitcoin since I had no faith in the Altcoin.

How was the swap done, was it on the exchange or off the exchange through peer to peer? You did the right thing swapping that altcoins as chances are, that altcoins is dead by now or been trading at a negative and most likely won't be rated as high as it was during the time of sell. Altcoins are not trustable as they can collapse at any moment even though they're top projects.

We saw projects like Luna crashed even though it had billions of investors backing throughout the period of existence through investment in the project. Such scenario can't be said about Bitcoin because it doesn't have flaw in its code that hackers can take advantage of meanwhile altcoins are full of them.

R


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December 06, 2022, 08:04:18 AM
 #65

For you how was your own reaction/expression in your first time of purchasing and owning bitcoins, was it so different? I would love to know!

Its been so long ago that I barely remember how I felt about Bitcoins back then and what I thought about the crypto currencies. Back in 2015/2016 I was heavily trading CSGO skins, I put some money into the game only with the goal to trade for my first knife, after that it had to be an expensive AWP skins and so on. Eventually I had too much money in the game, and once I got lucky in some case openings, I really needed to withdraw some money out of my steam account. The fastest and cheapest option on the big sites was with Bitcoins, so I made my first bitcoins transaction and owned my first crypto coins. As far as I remember it, I didn't think too much about the cryptos itself. For me it was more a tool to transfer money out of my CSGO inventory. My biggest investment mistake was to sell all my bitcoins back in the day, I wanted to have the money on my bank account and didn't save any bitcoins at all. That why I feel a bit bad about my first bitcoin transactions.
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December 06, 2022, 08:22:57 PM
 #66

My first BTC was not bought instead,I was paid with it at a service I rendered for a rich man. He told me that he just gave someone all the funds on him, quickly I said yes that day was my most excited day.
I never told anyone about it and didn't let anyone hold my phone,each time I will check my wallet to ensure the safety of my BTC since I had little knowledge then. Later after 3 months, I couldn't hodl anymore,I had to sell it and that was how my BTC journey started.
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December 06, 2022, 08:42:33 PM
 #67

My initial reaction was not like this. Because I wasn't certain that how it worked. I simply treat it like any other currency. But I'm learning more about Bitcoin and other cryptocurrencies every day. I'm proud to say that I'm now involved with cryptocurrency in some way. Although I lost a lot of money in trading, it has helped me a lot on the other hand. You did a good thing by explaining cryptocurrency to others. They are learning from the start of their journey.

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December 06, 2022, 11:25:05 PM
 #68

Not too quite long I had a section in my home where I had to discuss with some of my neighbors about cryptocurrency/bitcoin and to an extent explained to them how the industry operates and the benefits it can offer. But this is not the actual point of my discussion anyway.
The thing here is that one of the person's I had that round table discussion with was to my oblivion doing  some personal research privately about bitcoin based on all she has been told about it for the past many days after that very discussion. And so yesterday she came to me asking that I should assist her in purchasing bitcoin worth about $160 as she is avoiding on making mistake by doing it by herself alone since it's her first time. After every process and the said amount of bitcoin was purchased successfully into her account, immediately there was this expression of the feeling of joy the lady expressed with a wide smiles that seem unending and I was amazed at such level of excitement she showed.

Then after she left, I started asking myself, like did I also acted same way when I first got my own bitcoin or is the lady just been overwhelmed knowing she now own a certain amount of bitcoin or am I missing something as to why she reacted the way she did?

For you how was your own reaction/expression in your first time of purchasing and owning bitcoins, was it so different? I would love to know!

I came across a very sad day for me by chance, I just remember that at the time I was managing a community on kodi software and some users entered the chat writing Buy Bitcoin.  So I asked what it was and I didn't quite understand, I was only reading about euphoric people because it was about to surpass $1000.  So I opened Firefox and searched for Bitcoins, I spent hours trying to figure out what exactly I had to do in order to have some, and I remember that my choice fell on kraken.  Damn I surrendered my privacy.
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December 07, 2022, 02:49:24 AM
 #69

For you how was your own reaction/expression in your first time of purchasing and owning bitcoins, was it so different? I would love to know!

Its been so long ago that I barely remember how I felt about Bitcoins back then and what I thought about the crypto currencies. Back in 2015/2016 I was heavily trading CSGO skins, I put some money into the game only with the goal to trade for my first knife, after that it had to be an expensive AWP skins and so on. Eventually I had too much money in the game, and once I got lucky in some case openings, I really needed to withdraw some money out of my steam account. The fastest and cheapest option on the big sites was with Bitcoins, so I made my first bitcoins transaction and owned my first crypto coins. As far as I remember it, I didn't think too much about the cryptos itself. For me it was more a tool to transfer money out of my CSGO inventory. My biggest investment mistake was to sell all my bitcoins back in the day, I wanted to have the money on my bank account and didn't save any bitcoins at all. That why I feel a bit bad about my first bitcoin transactions.
Just as you said to you bitcoin was just a means to an end so it was natural that you decided to sell your bitcoin at the time and got fiat instead, besides as you were not that interested in bitcoin at the time even if you had for some reason held those coins it is possible you would have sold for a bad price and maybe you could have even lost money in the process as well, so do not feel bad about it, because even if a great deal of people wish they had invested in bitcoin years before they actually did, there is a reason why that was not the case.
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December 07, 2022, 06:36:14 AM
 #70

I'm not sure when I first bought bitcoins. but I know bitcoin only because I saw ads in articles about bitcoin and how to get it.
first time i get bitcoin from free faucet on some platform. At first I didn't believe that it really pays and finally I tried to withdraw bitcoins from the faucet platform and it was successful and I had a small amount.
and i tried to read more about bitcoin and i finally decided to buy from a market.
I tried to buy for about $60 and at that time I felt as normal as just buying gold from a shop. but after bitcoin pumped up the price I was so happy that I once sold my motorcycle to buy more bitcoin in large quantities. and after i have held bitcoin for a few years the price is pumping again and i am very very happy to take a step forward and i am so happy i try to buy bitcoin for $50 i share it with my family to hold. because my family knows that I get a lot of money from investing in bitcoin.

that's my short story

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December 07, 2022, 06:43:15 AM
 #71

The first time I bought Bitcoin was an excited discussion with my friends all night and I bought the first one carefully. Because my friend has already made money in cryptocurrency, I still trust him and talk to him about my thoughts. I was actually very excited after the purchase, and kept paying attention to the price of Bitcoin, hoping to make it rise even higher.
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December 20, 2022, 11:10:38 AM
 #72


For you how was your own reaction/expression in your first time of purchasing and owning bitcoins, was it so different? I would love to know!

My story is a little bit different because I didn't buy bitcoin by myself. A few years ago on my birthday, my girlfriend gave me a special gift that changed my life. She gave me recovery seeds to a bitcoin wallet and a note about what is bitcoin.
Also, she said me a little bit about the definition of bitcoin, after that, I start my own research and then bought my first bitcoins for investing and gambling.

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December 20, 2022, 11:27:15 AM
 #73

My story is a little bit different because I didn't buy bitcoin by myself. A few years ago on my birthday, my girlfriend gave me a special gift that changed my life. She gave me recovery seeds to a bitcoin wallet and a note about what is bitcoin.
Also, she said me a little bit about the definition of bitcoin, after that, I start my own research and then bought my first bitcoins for investing and gambling.
What, your girlfriend gifted you bitcoin? Wow, I think that's great, mate. You may be lucky to have a girl who knows bitcoin for a long time and may have been a longtime investor in it. Have you ever been told about it? lol

Nowadays I am no longer surprised when I find a girl has bitcoins in her wallet. Bitcoin is very popular now, and naturally there are many people who are willing to invest in it. The popularity of crypto is getting better, so of course it will become something that is not strange anymore among people.


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December 20, 2022, 01:58:11 PM
 #74

For you how was your own reaction/expression in your first time of purchasing and owning bitcoins, was it so different? I would love to know!
My journey is very long in buying Bitcoin,
At first, I was a forex trader, but by going on for so long and being very boring, I finally got to know Bitcoin trading at that time, and by living in a vacuum of time as an Airdrops Hunter or a shitcoin and altcoin scavenger such as tesnet and mainnet, it lasted for about a year, then I I dared to invest in altcoins because the price was relatively cheap, unlike Bitcoin which at that time cost $ 20 - 30k if not mistaken, of course, I thought I would prefer to buy cheap and have lots of coins to make it more profitable, but after a few weeks my friend suggested to invest in Bitcoin, he said Bitcoin is safer than altcoins and he also taught me to store Bitcoin in a decentralized wallet.
Maybe at first my purchase was not that interesting because indeed Bitcoin is like other investments I thought at that time, but after some time I know Bitcoin to this day, this is happiness for me.
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December 21, 2022, 02:55:03 PM
 #75

My first Bitcoin buy was a bit sad, because I had the feeling at the time, that I was too late for the party. I bought when the price was around $400+ and I was thinking that $500 would be the All time high price... and I would not make a huge profit.  Roll Eyes  A little while after that, the price increased to $1000+ and I sold many of those coins.  Angry

To my surprise, the Bitcoin price just kept on going up ...so I bought more and I hoarded those coins. I sold many of them for a huge profit at $18 000 and then again at $25 000 and the last ones at $40 000. ( I had no regrets, because I paid of most of my debt and I had some extra money in the Bank..... just waiting for the price to drop again )  Grin Grin

Sorry for the semi-necro but had to comment when I saw this.

I've been using Bitcoin since 2016 and rather actively since, with at least one commercial spend a week, I get paid for freelance work several times a month -- those are my direct p2p on chains. I do make many more sends for online services -- but I don't really consider those as useful since I don't know if the service eventually settles some or all to fiat. Excluding sells, which I do p2p mainly.

Sorry to digress but my point was I also "harboured" old sats from 2016 until 2021 when I decided to chuck away all my legacy wallets. Other than the very very first I ever got, which was given to me, I also got my first payments in BTC in that year -- also around the $400 mark. Funny enough, majority of my payments in those days were actually altcoins! Doge, ETH, LTC especially, but I exchanged most of those to BTC anyway as I just wanted to keep my savings in a single wallet.

Didn't consolidate those for a really long time, there was a funny sentimentality around those Bitcoin as:
- it was a period of big change in my life, switching careers to almost fully remote
- it was my 2nd time freelancing, after over a decade, and using Bitcoin instead of PayPal
- it was the beginning of my financial reboot (I spent literally all my savings to make a life move, fitting everything in a suitcase to take a chance on a new life).

No regrets for having to liquidate most of it in 2020/21, well before ATH but catching the 20k mark. I am still much better off than I was in 2016, and could never possibly have saved enough for what I needed money for, had I not accepted Bitcoin.

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December 21, 2022, 03:07:35 PM
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 #76

People that bought Bitcoin now that bitcoin's value is known and respected all over the world feel more excited about bitcoin than people that bought bitcoin when there was no great hope for Bitcoin, when bitcoin was worth nothing and when they bought bitcoin like doing every other online business which man end anytime.
Bcause there was no much excitement then, having not known the value of what was bought many people lost their bitcoin but people buying this present time who values bitcoin will try their best to protect it .

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December 21, 2022, 03:17:50 PM
 #77

Owning my first bitcoin was really not a big deal to me, my experience started from here I learned about it. Then forge ahead to buy my first bitcoin which I did not purchase from an exchange but was from a holder I know very well, it was in a form of P2P where he sent btc worth 48$ to my wallet back then all I make use of was Binance before I learned about Not you key not your coin in this forum which made me learn more ways to protect my assets..
After my last btc purchase I move all my btc from the exchange yo my private wallet.

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December 21, 2022, 03:28:15 PM
 #78

when I bought my first bitcoin, what I felt was a tense and excited sensation, because I realized that at that time I had already made my first bitcoin purchase, and at that time I was investing for the first time.
because I have never invested in any assets before.
all the feelings were there at that moment, fear, joy, tension and disbelief were also there.
because I bought bitcoin from my savings at that time, so I feel happy, because I didn't borrow any money to invest in bitcoin.

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December 21, 2022, 03:31:50 PM
 #79

People that bought Bitcoin now that bitcoin's value is known and respected all over the world feel more excited about bitcoin than people that bought bitcoin when there was no great hope for Bitcoin, when bitcoin was worth nothing and when they bought bitcoin like doing every other online business which man end anytime.
Bcause there was no much excitement then, having not known the value of what was bought many people lost their bitcoin but people buying this present time who values bitcoin will try their best to protect it .

It is true that many people lost their bitcoins because they lost hope in the project. I think this was not because bitcoin was bad, but because there were many shady companies around that time that stole a lot of bitcoins and made politics sanction bitcoin. Bitcoin survived this, but still we see the crypto space as a space full of scammers sadly. I think we can only end this, with enough education on how to keep the coins safe.
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December 21, 2022, 03:34:41 PM
 #80

I can't remember most of the things that happened back in my early BTC years, because I use to visit different faucet sites and other earning platforms so I am pretty sure I own my first BTC through a faucet or one of the earning sites those days.  So it is difficult to describe the feelings but am sure it was a good feeling. There are no regrets about holding btc at all.

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