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Question: What was your first purchase in btc or the one you would like to make?
HODL
Don't remember
a pizza
illegal stuff
a house
a car
I wil spend them for a special occasion
I have only shitcoins

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Author Topic: Your first purchase in btc: the craziest, the most moving, the most expensive  (Read 412 times)
DapanasFruit
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June 28, 2023, 08:16:45 AM
 #21



I can still remember the very reason why I got into Bitcoin and that was to join a "ponzi" type of program which of course ended up to be a scam. Now, I was then so native when I enter the world of online thinking that all the hypes and promises by famous money programs at that time will really get me so rich so quickly - of course, I paid my tuition fee and never again! Aside from that, I also bought some "red flag" type of shitcoin called as TBC or The Billion Coin - well the very name in itself can be a big discouraging factor and it ended up with all of us not getting our billions.

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June 28, 2023, 08:30:03 AM
 #22

Hello,

What was your first purchase in btc that was a special event for you : it was nice, cute, exciting or great.
I haven't purchased any stuff yet with the little bitcoin that I bought. This is because I am holding it and don't have plans to buy anything yet. Maybe when I join a signature campaign,I can get excited when I see that every week my wallet will increase with a specific amount of btc. I believe I will purchase something,to get the experience and feelings.

 
Quote
If you hodl, will you ever spend your btc ?
If you hodli and have reached your target,you can spend a little fraction because it wouldn't affect your investment portfolio OR you can diversify little fraction into other assets.

Quote
If you're a dreamer, what would be your dream ?
My dream is that when I have accumulated enough bitcoin above my targeted portfolio,I will use from fraction to buy a house for my family so that I will not forget about what I used bitcoin to achieve.

R


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June 28, 2023, 09:42:52 AM
 #23

Hello,

What was your first purchase in btc that was a special event for you : it was nice, cute, exciting or great. If you hodl, will you ever spend your btc ?

If you're a dreamer, what would be your dream ?

My first purchase was a domain and a service from Fiver back when Fiver was still accepting Bitcoin that was the time that I made up my mind that I'm going to leave Paypal and Solidtrustpay to support the usage of Bitcoin and get to know more about Bitcoin, and but not directly from my Bitcoin profit I purchase a motorbike and a small parcel of lot, I trade my profit from Bitcoin and converted it to our local currency.

Until now I still pay my bill using Bitcoin but not directly I have to convert it to my local currency as the providers do not accept Bitcoin directly.

My dream is if the coin I'm holding right now makes 10 times the profit I will buy a farm build a house there and retire there's a lot of hustle living in a city and I'm putting my trust in Bitcoin that this will happen.



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June 28, 2023, 09:53:43 AM
 #24

I think it was a video game and I regret it. This was back in 2015 when they all said BTC was dying. I ended up paying $60 for a game when Bitcoin’s value was under $200, so you guessed it - I paid around a quarter BTC on a game because I thought BTC will only continue to fall and die so why not spend it all.

I’ll always regret this decision but I can’t do anything about it other than find the transaction, print it, frame it and hang it on a wall to remind myself of how stupid I am sometimes. Lesson learned, a hard one every time I look at BTC’s price and think about how much money I could’ve had if I kept it instead of spending it.
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June 28, 2023, 10:08:23 AM
 #25

To be very honest, from your post I realized that I never used Bitcoin as a payment method. I never paid for anything using Bitcoin in my life. This might change in future though.
I have always bought Bitcoin as an investment and continue to HODL, instead of spending it by using it as a mode of payment. I have just paid for Copper Membership via BTC that also in 2021.
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June 28, 2023, 10:30:42 AM
 #26

What was your first purchase in btc that was a special event for you : it was nice, cute, exciting or great. If you hodl, will you ever spend your btc ?
I have not used bitcoins to purchase a car , a house etc but what I have used bitcoins for is to pay for services rendered to me by a friend who requested that I make the payment in bitcoins so they can by that means have some bitcoins of their own.

I am more commited to HODLing the bitcoins I have for the now than using it at every opportunity I get to make payment. I am trying to be more used to keeping bitcoins than spending it.

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June 28, 2023, 10:56:02 AM
 #27

My first Bitcoin purchase was an exciting moment for me as a newbie then. I thought of holding it for a long time which I am currently doing. Although I currently earn it as a result of my services rendered here and it does not equate to the joy and feelings I had then while purchasing my first bitcoin which was my first crypto investment then. I can boldly tell that it is yielding positively as a result of the market trend when I bought it then. I do not plan or intend to sell it anytime soonest as I had made up my mind since then to hold for a very long time and see how it goes.

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June 28, 2023, 02:16:06 PM
 #28

My actual first purchase(and a few others after that one) was nothing exciting, it was a game on Steam - from a great time when Steam used to accept Bitcoin directly. I was earning trough signature campaigns and doing various tasks here and it really helped me as I could buy stuff I couldn't afford before.

After a while, I've decided to stack up my earnings and buy something bigger and more useful, as games started to bore me. And then we get to my first physical purchase - an electric guitar and amp. I've accumulated what was then around 60 euros and after a pump in price those Bitcoins were worth 250 euros.

The total Bitcoin I've spent would be worth 6k euros when Bitcoin hit the ATH, but I didn't think that it could go much higher back then. I was wrong but again, I have no regrets and I'm glad that I've bought something I like(and I still play it today) and something my parents couldn't afford buying. I still remember how surprised and proud they were when I was home unpacking it. That's mostly why I love Bitcoin so much.

I didn't earn big money, but maybe I wouldn't ever play the guitar and to me, that is priceless.

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June 28, 2023, 02:25:28 PM
 #29

Nah, I don’t remember to be honest. It was all about yes or no at the time and really came to know about it when my friends introduced me with the Bitcoin. It was that one techie who was all the time over the internet who taught about the bitcoin. Though I already knew the term bitcoin but obviously wasn’t sure about it. So if you ask me the feeling when I bought it, well I was shaky to do it because I wasn’t really sure and prepared for it. I think I would have enjoyed my first bitcoin purchase if I already had deep knowledge about it and how much importance it holds. Anyways now I am full time lover of bitcoin, got myself hardware wallet and I’m a hodler.
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June 28, 2023, 04:39:09 PM
 #30

My first purchase was buying a phone and after that I have never used bitcoin. I choose to hold my bitcoin for long due to the high volatile nature of bitcoin,it is better to use it as an asset or a store of value. The phone I bought was given to someone as a gift and I don't have cash on me at that moment,since the phone was an urgent need. My dream is to stash up my portfolio and use some of my bitcoin for charity. Maybe we all have different purpose why we are holding our bitcoin.
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June 28, 2023, 09:18:19 PM
 #31

I would say, My dream is to hold at least 21 bitcoins in my wallet. For me it's a lot of money, and I hope to achieve this goal before pursuing other objectives. I know that this sum may not be really a lot for wealthier members in this forum, but it would truly be an extraordinary accomplishment to have such a great amount of BTC in my wallet.

21 btc is, at the current price >$600k, that's a lot of money even in the richest parts of the world. It's probably not enough to retire (unless moving to a country with low costs of living), but hardly anyone would describe it as "not a lot".

And not to make fun of you or anything, but that's a silly goal to have. There's nothing special about having a particular number in your wallet. I'm sure you'd much prefer to have just 1 btc worth $1 mil, than 21 btc worth $10k each.

So if your goal is to get that magic number of 21, you should be rooting for Bitcoin to do bad and lose its value, because then your goal would be easier to achieve.

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June 28, 2023, 09:23:35 PM
 #32

My first purchase in Bitcoin was when I wanted to make payment for a service online and the person was overseas and the only way to make fast and heap payment is through Bitcoin. I bought Bitcoin through a P2P form of trading.
I think having one of the whole 21 million Bitcoin is currently my dream now.
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June 28, 2023, 09:42:18 PM
 #33

I choose to hold my bitcoin for long due to the high volatile nature of bitcoin,it is better to use it as an asset or a store of value.

I understand this sentiment, but even those who look at Bitcoin only as an investment could use it to buy things. Sooner or later you'd want to cash in into fiat (even if just a portion of your holding), and probably use that fiat to buy different goods, so it would make more sense to buy such goods with bitcoins directly (if such option exists) rather than sending it to exchange and pay fees to convert etc. This should be cheaper and saves time + increases Bitcoin adoption, making it more valuable.

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June 28, 2023, 09:50:46 PM
 #34

Hello,

What was your first purchase in btc that was a special event for you : it was nice, cute, exciting or great. If you hodl, will you ever spend your btc ?

If you're a dreamer, what would be your dream ?

Actually, what I was thinking while answering these questions should have been what would I buy if I didn't sell. Or at what level will I keep Bitcoin for now? These are questions that every bitcoin investor thinks about. This topic got me thinking again.

I used to make small purchases by selling bitcoin, things like a little vacation. I hope we reach our goals in the next bull.
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June 28, 2023, 09:57:11 PM
 #35

Just straight up holding Bitcoin without putting it in use is just not it. We actually help promote the adoption of Bitcoin and Crypto-currency at large by actually making use of them. It's very smart and profitable to be hodling Bitcoin but it also has so transaction benefits that keeps it above the traditional finance.

Well my personal experience, I would say that I am not a once in a blue moon user of Bitcoin I use Bitcoin as a means of exchange regularly and I still have my reserves I am holding. A world where Bitcoin is freely used would be great.

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June 28, 2023, 09:58:40 PM
 #36

Shit. At that time, I chose shitcoins. poor of me.

Was once one of the rows of newbies who didn't understand anything but hoped to get rich quick from altcoins, and ended in very high regret because of the failure to ahit coins. Unfortunately this is not just once but several times. I really regret why I didn't invest only in Bitcoin, but instead in some shit coins.

R


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June 28, 2023, 10:31:47 PM
 #37

Shit. At that time, I chose shitcoins. poor of me.

Was once one of the rows of newbies who didn't understand anything but hoped to get rich quick from altcoins, and ended in very high regret because of the failure to ahit coins. Unfortunately this is not just once but several times. I really regret why I didn't invest only in Bitcoin, but instead in some shit coins.

There is nothing to regret, we simply learn. If we start to regret, it can go a long way! There are people who bought loads of stuff with thousands of bitcoins 10 years ago and may be broke today...

PS: I still have edgeless  Grin

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June 29, 2023, 12:30:45 PM
 #38

And not to make fun of you or anything, but that's a silly goal to have. There's nothing special about having a particular number in your wallet. I'm sure you'd much prefer to have just 1 btc worth $1 mil, than 21 btc worth $10k each.
I know that not everyone will understand this but what I meant is that if I have 21 BTC, I would be among the million richest person/investor in terms of Bitcoin. That's my primary goal to achieve. However my ambitions won't stop there.
So if your goal is to get that magic number of 21, you should be rooting for Bitcoin to do bad and lose its value, because then your goal would be easier to achieve.
True, but as long as it returns to its normal value which could be quite hard and I don't root for that actually, I'm just content with Bitcoin's current price. I don't mind if it takes more time to reach that goal regardless of the price. In fact, I'm hoping for even greater value next year and that's my prediction for Bitcoin after the halving.
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June 29, 2023, 07:48:57 PM
 #39

My economic situation unfortunately has not allowed me to raise enough to invest in bitcoin and the truth ........... how i would like to do it since by getting involved and getting to know this asset i realize the potential and the possibility of being able to change my life and that of people the one i love the most is why i do not lose hope i know that at some point i will opt for this great opportunity, i have had many expectations with this coin and many dreams that i did not have before or thought impossible until the moment i found out about its existence, that's why i try to cope with everything that has to do with managing my money........to achieve that goal, and as much as i can,Take risks and adapt to losses like a learner but like many for there they say..... who does not lose from time to time does not win the greatest reward........ Wink
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June 29, 2023, 07:59:00 PM
 #40

Hello,

What was your first purchase in btc that was a special event for you : it was nice, cute, exciting or great. If you hodl, will you ever spend your btc ?

If you're a dreamer, what would be your dream ?
My first purchase of bitcoin was in 2016. That's was my first introduction to any cryptocurrency and I bought 0.03BTC which I used in a pyramid scheme that ended badly for me. I was told to bring two referrers and after getting the referrers, they both paid to me which I forwarded to my upline. The referrer they brought paid to them, one of my downlines held the fund and refused to release it to me and that was how lost half of my bitcoin and also the interest in bitcoin, because I felt bitcoin was a scam. It took me a while to realize the wide mark between bitcoin and ponzi scheme. After then, I've made some purchases and I've been hodling.

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