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Author Topic: when did you receive your first bitcoin?  (Read 204 times)
I_Anime (OP)
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December 30, 2022, 05:35:07 PM
 #1


Though I have been investing in crypto since 2020, I have only focused on altcoins. However, since the beginning of the bear market and since joining this forum, I have seen reasons why I should be investing in bitcoin rather than altcoins. So, I would like to know what prompted you to purchase your first bitcoin?

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December 30, 2022, 05:39:34 PM
 #2

My PayPal got banned for some random reason that they don't want to disclose, so I was pretty much stuck with using bitcoin for cross-border payments for when I was buying/selling videogame currencies. I then realized how important having a decentralized currency is.

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December 30, 2022, 05:44:51 PM
 #3

I received my first Bitcoin when ponzi doubler become popular in my country. I become motivated to accumulate satoshi on multiple faucets such as moonbitcoin and freebitcoin just to invest on ponzi doubler scam which I didn’t know that they are scam way back then.

It’s funny that I'm very motivated before to claim faucets every hour just to waste it on ponzi scheme revshare, doubler and mlm that only waste my time and Bitcoin that I earned patiently.


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December 30, 2022, 07:37:26 PM
 #4


Though I have been investing in crypto since 2020, I have only focused on altcoins. However, since the beginning of the bear market and since joining this forum, I have seen reasons why I should be investing in bitcoin rather than altcoins. So, I would like to know what prompted you to purchase your first bitcoin?
I think I have a similar experience as you, an altcoin is the reason why I joined this forum and my first purchase of bitcoin was to use it to purchase the altcoin which was in their ICO phase at the time, i purchased my first bitcoin and invested it on that altcoin project, but unfortunately, it later rug pulled on investors and stole all our bitcoins, that was also my first experience of being a victim to scam, but after this incident, I started buying/investing in bitcoin and some other notable altcoins as a newbie day trader, this was how I grew to where I am Today.
All this happened in 2016 by the way.

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December 30, 2022, 07:46:17 PM
 #5

I joined this forum and I know the reason why to buy bitcoin, but I do not buy bitcoin, I earn little from the signature campaign on this forum which I believe will accumulate over time and become something big. $100 dollar worth of bitcoin today can become $1000 worth in the next bull run. Most altcoins are shit, you can invest in them and they become a failed coin.

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December 30, 2022, 07:54:21 PM
 #6

~
What prompted me? Curiosity after all of my misconception about it during my teenager years.
Back in 2017 I got few Bitcoins, and it was the same year as I registered in here since I was trying to get along with people that are also holding Bitcoin like me. Started a little bit as a lurker guest on a side note.
But yeah, I learned some few more skills since I was trying to test the waters on doing more in crypto like trading. It all turned out to be just dogshit newbie experience for me since I ended up in a loss in the first try. I know I was still a newbie, but it was horrible experience.

Good thing I was not blinded to altcoins out there.

My PayPal got banned for some random reason that they don't want to disclose, so I was pretty much stuck with using bitcoin for cross-border payments for when I was buying/selling videogame currencies. I then realized how important having a decentralized currency is.
Don't you just hate it when they keep your funds held for 180 days and you're just so helpless about it since their customer service is horrendous. I even tried to resubmit my valid ID, and they did not respond back to me.
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December 30, 2022, 07:59:25 PM
 #7

After joining the forum, I knew that I had to have Bitcoin in my possession. With all the guides that were given in the Beginners and Help section, I knew that I needed to have in a wallet that I hold the private key. It's incredible what digital goods or services you can get with Bitcoin here in the marketplace. I knew that I had to have BTC.

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December 30, 2022, 08:00:35 PM
 #8


Though I have been investing in crypto since 2020, I have only focused on altcoins. However, since the beginning of the bear market and since joining this forum, I have seen reasons why I should be investing in bitcoin rather than altcoins. So, I would like to know what prompted you to purchase your first bitcoin?
Yes. You just spoke the truth, and you never would have known this if you never came across this forum, or search this question at the right place with experience users, because this forum indeed has all the information you could ever need in your crypto/Bitcoin journey, which is why it's the right place for all Bitcoiners. Moreover, Bitcoin has always proven to be a best choice for long term investment, due to the fact that it's volatility is not of all risk compared to altcoins

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December 30, 2022, 08:17:51 PM
 #9

It was in 2014, when I was desperately looking for online earnings and was highly disappointed by PTC because after investing some amount of money it didn't paid me, I was lucky back then when one of the PTC ads is about Bitcoin.  I got interested and read about it.  My first purchase is around $10 and received my first Bitcoin on that transaction. 
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December 30, 2022, 08:40:58 PM
 #10

When I was in University a few years ago I was in quite a financial situation and always collected some spare change from the Internet in some way that I used to use a lot so at one point I found a bitcoin faucet which at that time bitcoin was still quite cheap and I started collecting things. that. But indeed at that time the price was not as high as it is today and I sold it at very cheap prices several times and even exchanged it for game vouchers Cheesy

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December 30, 2022, 08:54:22 PM
 #11

First time I received Bitcoin in 2016 where playing Paid To Click or PTC and converted payment method from Payza and withdrawung to be Bitcoin. Ever active become seller Payza and convert it for Bitcoin because worth and has higher profitable than selling Payza directly.

This first time I know and received payment from Bitcoin, but I don't understand yet about Bitcoin could be alternative investment at the future, actually first time I know, Bitcoin price still under 3,000 and Inever has ideas keep it for long term holding.

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December 30, 2022, 09:02:52 PM
 #12

It was in 2014, when I was desperately looking for online earnings and was highly disappointed by PTC because after investing some amount of money it didn't paid me, I was lucky back then when one of the PTC ads is about Bitcoin.  I got interested and read about it.  My first purchase is around $10 and received my first Bitcoin on that transaction. 
Also in 2013 or 2014—I can't remember exactly when—but my story is quite similar to yours. I had signed up on plenty of PTC sites, from which I only managed to earn a few dollars at most. Then, I came across BTCClicks, a PTC website paying in bitcoin, along with an abundance of BTC faucets that were available back then. I didn't understand much, but the faucets intrigued me, and I ended up spending a decent amount of time on them. Despite earning only a few dollars' worth of bitcoin, the whole concept fascinated me, and I ended up signing up on the forum.

R


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December 30, 2022, 11:53:54 PM
 #13

My PayPal got banned for some random reason that they don't want to disclose, so I was pretty much stuck with using bitcoin for cross-border payments for when I was buying/selling videogame currencies. I then realized how important having a decentralized currency is.

I have very similar story. PayPal wasn't working in my country back then in 2012, and I wanted to sell some in-game items for real world money, so I had to do some manipulations with electronic payment systems and that led me to finding Bitcoin. Unfortunately, I disregarded it and just claimed 0.005 BTC from a faucet and forgot about it. But still I think it's cool that way back when Bitcoin was only 3 years old it was already known as electronic currency that people could discover by just looking for electronic payment systems.
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December 31, 2022, 01:21:31 AM
 #14

I can't really remember when I purchased bitcoin, but I am sure I used it to buy altcoins. Mostly, I only earn bitcoin from here and trading then mostly store it in my wallet or try to buy promising altcoins, but since the bear market, I've usually cashed it out as foods are very expensive. I joined bitcoin in 2016, which is the time that ICOs were very well known, so that was also my first purchase of bitcoin to invest in it.
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December 31, 2022, 01:53:01 AM
 #15

I started back in 2020.
It was all because I needed a way to save money or invest money so it would not lose its value because the insane inflation my country has been going through, before Bitcoin I was considering to adopt a common digital wallet called "zelle" but during those days the people behind that service announced they would not allow people from my country to use their app any longer, basically giving a deadline for people to withdraw their money.

I decided to go for Bitcoin because I do not need to worry for cases like that, got my first satoshis weeks after.

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December 31, 2022, 02:06:12 AM
 #16

What incentivized me was the fact there were many offers online to earn bitcoins. I didn't purchase my first satoshis, as I could earn them performing tasks online. Since I didn't have money to invest back then, that was my opportunity to start collecting and saving btc for the future. And thanks to God it has been working so far.

You should purchase bitcoin because it's the main and most reputable cryptocurrency. It's the crypto with best long term chances, while guaranteeing safety to your investment. When you invest in btc you don't have to worry if the coin will be still demanded after several years, because we have the assurance bitcoin is king and will remain on top of crypto market.

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December 31, 2022, 02:35:37 AM
 #17

I found bitcoin sometime back in 2013 or 2014.  I first bought bitcoin some time in early 2015, I believe in January. I think that bitcoin was something like $200 when I first bought some.  I studied bitcoin for about a year plus before ever actually buying any.  This is something I really regret.  It's always wise to fully understand something before you invest in it, of course, but I waited way to long to pull the trigger and doing so when it comes to bitcoin.

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December 31, 2022, 02:51:19 AM
 #18


Though I have been investing in crypto since 2020, I have only focused on altcoins. However, since the beginning of the bear market and since joining this forum, I have seen reasons why I should be investing in bitcoin rather than altcoins. So, I would like to know what prompted you to purchase your first bitcoin?

If talking about the first bitcoin I got, it was probably from a faucet because I started with this market looking for something free with no investment. But like you, ironically, the first thing I invested in was a Ponzi project coin, not bitcoin. But after investing in those scam projects and altcoins, I almost lost everything, then I realized that only bitcoins last for a time and are the most worth investing coin. Currently, my portfolio still has altcoins but mostly bitcoin.

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December 31, 2022, 03:21:35 AM
 #19

I found bitcoin sometime back in 2013 or 2014.  I first bought bitcoin some time in early 2015, I believe in January. I think that bitcoin was something like $200 when I first bought some.  I studied bitcoin for about a year plus before ever actually buying any.  This is something I really regret.  It's always wise to fully understand something before you invest in it, of course, but I waited way to long to pull the trigger and doing so when it comes to bitcoin.
I think you are one of the lucky ones. You have a long time ago heard about Bitcoin and have been able to buy Bitcoin at a low price. So did you buy bitcoin and hold it for a few years? If you have hold then you have earned a lot of money today. If I had known about btc or understood the importance of Bitcoin at that time, I would have definitely bought BTC so that I could profit now.

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December 31, 2022, 06:20:46 AM
 #20

If I remember correctly then one of my friends who introduced me to the forum was one who send me bitcoin in my wallet(he was the one who set it up) for one of the translation work I had done for him and said it's new method of payment but was not much aware about it and the amount was also small so sell the coins and get $80-$90 don't remember figure exactly but now I regret it that even early encounter with it have not invested in it or hold it for long.But this is how it is and now still holds some of it for long term in mind.

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