The purchase Bitcoin during its early stages.

[traderethereum]

For the first time I bought bitcoin, I didn't have any feelings, let alone hope to see the price of bitcoin soar as high as before.
And I'm lucky I don't buy bitcoins too often because then I can still use the faucet to collect bitcoins.
It was the most extraordinary opportunity I ever had because it was from the faucet that I could get enough satoshi to sell at the highest price.
And it's not a risk for me because even if I buy it, it's still cheap so I don't have to spend much money to get a lot of satoshi.
But if we condition for the moment, of course, when someone buys bitcoin, he has the risk of seeing the price decrease after he buys but in the long term, he can see the price increase very much.

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[Dr.Bitcoin_Strange]

If what you say is true, I wonder why not many people invested in it at the time. There are many stories many people know about bitcoin early on, but most of them ignore it. Bitcoin was very cheap at the time, but not too many people believed and invested in it. That makes me suspect everyone is risk averse and doesn't dare to invest in bitcoin in the early stages. In my opinion, although bitcoin was very cheap when it first launched, it is riskier than it is now, as it is so new, there is no reason to believe it will grow in the future. Unlike now, the price is very expensive but has received the support and trust of many countries, companies and investors...Bitcoin is currently very expensive compared to its original price, but it is much safer and worth the investment.

Well, you can say everyone is risk-averse, but really, back then, those who bought Bitcoin did not even envision that the price would be what it is today, (although there were many stories about Bitcoin then like you mentioned, but  people never needed to spend more to buy 1 bitcoin). Some people of these days, are seeing it as if it's a must that they invest in Bitcoin. What I was just saying in essence was that some people who even bought Bitcoin at that early stage didn't really take it as seriously as recent investors do. Just take, for instance, when 1 bitcoin was $1. With $100, you could buy 100 bitcoins, but look at the price now for 1 bitcoin, trading at $28k. So, you see, some Bitcoiners these days are taking a lot of risks, like some who decide to sell off house properties, land, cars, and other things to buy Bitcoin. It was really not like that at the beginning, though. Although there is nothing wrong with taking the risk, knowing the rules of only investing what they can afford to lose.

[lionheart78]

What is the riskiest or most unconventional action you have taken in order to purchase Bitcoin during its early stages, despite the lack of guarantees or promises that it would appreciate in value?

I think I haven't done any risky moves or investment in purchasing Bitcoin in its early stages.  I am here since 2014, and during those times, I am actively participating on airdrops and giveaways in altcoin section and use them to buy BTC.  Although I used the funds I get from altcoin generosity to buy Bitcoin, I can recall some investors make the riskiest move by selling his house and all his property just to invest in Bitcoin.

It can be read in this article: https://finance.yahoo.com/news/family-put-money-crypto-moved-122827473.html, where Taihuttu family went all in Bitcoin.  Although it was the riskiest move in the family's part but I think they also gain a lot from that Bitcoin investment if they sold during the peak of 2021 or even if they sold at 2017 ATH.

A Dutch family that sold all its assets to buy bitcoin in 2017 has settled down in Portugal for tax reasons.

Didi Taihuttu told CNBC they settled there after traveling for five years because Portugal has 0% tax on bitcoin.

Bitcoin was worth $900 when they went all-in on the crypto, and it's now trading at $42,000.

[Bushdark]

What is the riskiest or most unconventional action you have taken in order to purchase Bitcoin during its early stages, despite the lack of guarantees or promises that it would appreciate in value?

investing is all about risk taking. Anything we stop taking risk as an investor them this could limit the way we earn because we are not ready to go for the risk to earn more. Those who invested in Bitcoin the even with the way people are creating fud that Bitcoin would never survive since it does not have the backup of the government. A lit of things are happening and if we are nit determined to start investing even with risk, then we might be surprised if seeing ourselves taking the right choice when the time is late. In Bitcoin, we can always invest in Bitcoin when the market price is low.

[darkangel11]

We are in the early stages right now. People don't realize that for those who came when bitcoin was at 1k, people who bought at $100 were the early adopters. For those who first bought at 10k, people who bought at 1k were early adopters. The truth is, you are still early adopters simply because the market penetration is almost none and so is Internet penetration. If I'm not wrong it's at 60%, so almost half of the world has no Internet access, so they never had a chance to buy bitcoin.

Put 100% of my net worth into it lmao. But to be fair, I was a fresh college graduate at that time so I only had like lower 4 figures in USD which was everything to me back then. Fortunately enough, it was definitely the right move to make.

I did something close, but in my case I bought bitcoin with half of the money I had in the bank and begun to put 50% of my monthly wage into it in 2014 and 2015. Can't say I feel bad about it

[CarnagexD]

What is the riskiest or most unconventional action you have taken in order to purchase Bitcoin during its early stages, despite the lack of guarantees or promises that it would appreciate in value?

I first encountered bitcoin when it was on 30K and witnessed it get into its top in 60k. I get in when there's a lot of hope and BTC is already appreciating value and with enough study, I have no problem of trusting BTC and risk my money on it. But about my experience? taking risk is essential, the biggest lesson is winning fast, and losing it faster is what happened to me. Investing the money I am willing to risk should  be the first thing I consider in the first place.

[Fesatmas]

What is the riskiest or most unconventional action you have taken in order to purchase Bitcoin during its early stages, despite the lack of guarantees or promises that it would appreciate in value?

I bought Bitcoin on my curious basis why among many people around me talked about Bitcoin, and at that time I used the half of money from the loan money that I made at that time.
I did not think that there must be a guarantor for the purchase that I made at that time, I was only oriented towards that I was also able to buy bitcoin and join the environment that often discussed bitcoin. This is somewhat strange but the fact is that. I made a Bitcoin purchase so that I could enter the new friendship environment. quite risky and stupid. LOL

We are in the early stages right now. People don't realize that for those who came when bitcoin was at 1k, people who bought at $100 were the early adopters. For those who first bought at 10k, people who bought at 1k were early adopters. The truth is, you are still early adopters simply because the market penetration is almost none and so is Internet penetration. If I'm not wrong it's at 60%, so almost half of the world has no Internet access, so they never had a chance to buy bitcoin.

The internet network is still very minimal below 2015, so only a few people can connect with the internet and get to know Bitcoin, and I think it is also the initial stage is the adoption of Bitcoin in the world.
However, on that day people buy at the initial stages never think that there is a Bitcoin guarantor in his value, and even today no one can guarantee that Bitcoin can be even more valuable.

[Road21Bitcoin]

Trust it. You've said it yourself that was a lack of guarantee in Bitcoin in its early stages so you have no choice but to trust it if you purchase it. You may have been curious about it the first time, or heard about it through the grapevine and decided to check it out and purchase a small amount and hope it will appreciate in value - that is trust because you hope it will do what it promises. Or, maybe you went all in and bought a bunch - that is trust because, with your money, you put confidence in Bitcoin that it will someday be fruitful.

And even if you decide to buy now - that is still trust because you rely on it that even if it crashed, it will always blow up back again.

[Litzki1990]

In the first instance, people who buy bitcoins usually take this risky step in the hope of making a small profit from the purchased bitcoins. There is no security in the money they decide to buy. It is only out of faith and courage that people take this risk in the first place. Like other businesses, there is insurance in case of loss of money, but in Bitcoin business there is no insurance, so the buyer has to take full responsibility for the money. I think it is very risky. Only those with courage and a tendency to take risks can usually take such decisions.

[Rockstarguy]

What is the riskiest or most unconventional action you have taken in order to purchase Bitcoin during its early stages, despite the lack of guarantees or promises that it would appreciate in value?

I didn't take any risk because I had no understanding about it, I never knew it is this valuable and sometimes I regret not taking the risk to invest. For those who purchased at the early stage it was a privilege,  not everyone had this privilege.  One of the things that drew my attention from not buying Bitcoin was how people criticised so badly, it is glad I later had opportunity to buy bitcoin,  their is no late time in buying Bitcoin and the benefits one can have in Bitcoin still remains.

[dezoel]

Things that appreciate in value exponentially don't make any promises or guarantees for that to happen in the beginning. Bitcoin wasn't or isn't a HYIP or a Ponzi scheme that would have made promises for people to believe in it that it will generate huge profits for them, it was a mere technology created to tackle some issues that traditional financial institutions had.

People who knew about it initially from a technical point of view and saw the actual purpose behind its creation, they didn't really need any promise or guarantees for anything nor they bought it to get profits like what people do today. People back then believed and supported Bitcoin for what it was created for and not for its value and volatility.

[imamusma]

I didn't take any risk because I had no understanding about it, I never knew it is this valuable and sometimes I regret not taking the risk to invest.

The average new user has such an experience, but over time they will gain valuable insight into what they've been through, including the chance to buy lots of bitcoin at low price. But what's the use of regret?

For those who purchased at the early stage it was a privilege,  not everyone had this privilege.  One of the things that drew my attention from not buying Bitcoin was how people criticised so badly, it is glad I later had opportunity to buy bitcoin,  their is no late time in buying Bitcoin and the benefits one can have in Bitcoin still remains.

Of course that's special, especially if they can afford to hold on to their bitcoin long term. Early investors have made big returns for the bitcoin they invested, even though it was deemed unfair which later became myth debunked by facts.

No one ever knows about the future, but it is still possible for bitcoin to make even greater history in its first 20 years. Imagine if in 2029 the price of bitcoin could reach $1 million, while many people missed today's opportunity to buy a lot, I think regret will surely be expressed once again.

[teosanru]

What is the riskiest or most unconventional action you have taken in order to purchase Bitcoin during its early stages, despite the lack of guarantees or promises that it would appreciate in value?

I put a 10k rupees from my saving of just 20k into crypto. I was a student and thought crypto is the only thing that can make me rich. I was correct but the methodology was wrong. Instead of going with bitcoin or some major crypto i went on to put this 10k into a ICO and ended up losing the money eventually but I really consider it as an entry fees to this market as it taught me a lot of valuable lessons which ultimately helped me make money.

[Flexystar]

What is the riskiest or most unconventional action you have taken in order to purchase Bitcoin during its early stages, despite the lack of guarantees or promises that it would appreciate in value?

Frankly speaking my bitcoin purchase was not so sudden in which one had no time to think about the risks involved in the Bitcoin purchasing. In fact whole community around me was on the same page as of me, even those who referred me to the world of crypto currencies. They themselves asked me to be precautious as there are no actual "guarantees" in the bitcoin world.

They made me study about the wallet first, how it works, what are the private keys and how I can screw up the wallet if I lose them. Forget about the investments and profitability from the bitcoin, my circle was more concern about the security, workflow, bitcoin's understanding and how we can and we can not access the bitcoin.

This understanding was important to handle the bitcoin usage in early days. Then afterwards we started to go with flow of prices and understood holding is the key when you want to be successful in the bitcoin. Otherwise anyone would be rich in bitcoin business by this time.

[KingsDen]

What is the riskiest or most unconventional action you have taken in order to purchase Bitcoin during its early stages, despite the lack of guarantees or promises that it would appreciate in value?

Do you mean d unconventional decisions that were made to buy Bitcoin in the early stages or when the price is fair enough to buy?
If it is in the early stages, you might not have good many answers in this topic, because the majority of the early adopters are no longer active in the discussion about Bitcoin.

But I do not think that those early adopters spent too much in buying Bitcoins, most of them were developers who earned bitcoinby minning. What they only lost was the electrical power and the computer that was used that time whose capacity was not even much. So they did not sacrifice much, rather commitment and confidence in bitcoin.

[Ryu_Ar1]

Expecting guarantees to be in bitcoin is clearly not a hope because we know that there are no guarantees about this considering the risk is clearly still very large which makes things like this non-existent.
I think this should be realized from the start because many people have said before that investing here means you have to be prepared to lose money and things like this can clearly happen.

The problem is that many are too demanding about guarantees that don't actually exist which makes them feel a bit cheated when if they realize from the start that this is a risk I think they know the worst is always possible.

[Bananington]

What is the riskiest or most unconventional action you have taken in order to purchase Bitcoin during its early stages, despite the lack of guarantees or promises that it would appreciate in value?

During the early stages of bitcoin, there was still a lot of doubts about it and no unconventional step was taken to get it because at that stage it did not warrant it. We started to take more risk and unconventional steps when we realised how beneficial bitcoins will become in the future. Bitcoin purchase from unconventional methods can be good , but care should also be taken. I almost took a loan then to buy bitcoins, I was lucky that my loan request did not work out.

[WatChe]

What is the riskiest or most unconventional action you have taken in order to purchase Bitcoin during its early stages, despite the lack of guarantees or promises that it would appreciate in value?

I put a 10k rupees from my saving of just 20k into crypto. I was a student and thought crypto is the only thing that can make me rich. I was correct but the methodology was wrong. Instead of going with bitcoin or some major crypto i went on to put this 10k into a ICO and ended up losing the money eventually but I really consider it as an entry fees to this market as it taught me a lot of valuable lessons which ultimately helped me make money.

Its not a loss if you have learned what mistake you have committed and you will never do that again. Everyone of us has to pay something sooner or later to learn how things work in crypto. Without bearing any financial loss we can never learn. I myself got scammed/hacked before figuring out that hacks are real in crypto world and I need to be aware of hacking attempts. Before getting hacked, my point of view was there is no such things a hacking and no one can steal your bitcoin.   

[molsewid]

What is the riskiest or most unconventional action you have taken in order to purchase Bitcoin during its early stages, despite the lack of guarantees or promises that it would appreciate in value?

Just trust, I remember that time people always think of bitcoin as the money that we can only get to faucet and HYIP. Many times I have a loses because that time I am addicted to HYIP, early stages of bitcoin has a lot of doubts from its investors, I found bitcoin when it is at 400-500usdt only, now long at how it grows and how many people all over the world accepts bitcoin.

[lonerangerh]

What is the riskiest or most unconventional action you have taken in order to purchase Bitcoin during its early stages, despite the lack of guarantees or promises that it would appreciate in value?

I became aware of Bitcoin through taking part in high-risk investment programs, also known as HYIP. At that time when Telegram had just launched, there was a well-known HYIP website that created a Telegram investment bot. I bought my first Bitcoin to participate in Bitconnect

Just trust, I remember that time people always think of bitcoin as the money that we can only get to faucet and HYIP. Many times I have a loses because that time I am addicted to HYIP, early stages of bitcoin has a lot of doubts from its investors, I found bitcoin when it is at 400-500usdt only, now long at how it grows and how many people all over the world accepts bitcoin.

Oh