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Author Topic: How was your first Bitcoin experience?  (Read 722 times)
bayu7adi
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September 08, 2023, 08:52:48 AM
 #81

i start investing and indeed now I am earning and has a big chunk that waiting in my folio once the bull comes.
Earning income from Bitcoin investments? Isn't it true that to generate income from Bitcoin investments, you need to sell your BTC for FIAT currency at a higher price than your purchase price to make a profit?

I believe such occurrences can't happen every day. Despite Bitcoin's volatility, daily price fluctuations can't be relied upon for daily gains. Furthermore, in investing, one can't always be victorious.

Income from Bitcoin investments doesn't materialize on a daily basis unless you sell Bitcoin every day.
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September 08, 2023, 09:13:49 AM
 #82

The Gambling Experience You Can't Compare With The Bitcoin Experience. Gambling and Bitcoin are never the same. With Bitcoin you gambled so it gave you a bad experience. It would have given you a better experience if you had bought and hold bitcoins. It was entirely your fault so you can't blame Bitcoin for it.  And Bitcoin never guarantees you a profit.  You have to be patient to get profit from here.  Otherwise you may face losses and consider it a bad experience
There is a lot of difference between gambling experience and Bitcoin investing experience. Investing in Bitcoin can be profitable if you can wait patiently. But I think investing in Bitcoin is much better than gambling. Gambling can make you a lot of money in a short period of time.  But sometimes there is a possibility of losing the entire money from gambling. So I think it is necessary to invest in Bitcoin without wasting money on gambling. However, if you invest in Bitcoin, it will be foolish to invest thinking that you will get profit immediately.

In gambling, once you've already bet that money, it is already declared that money is lost on you because, mostly, in gambling you'll be losing most of the time because it is a form of entertainment and not an investment or a way to make a living on it.

Investing in Bitcoin is very different from gambling because you have control over it. You can pull out your investment or add more, and it will take more time to gain profit, or if not, you will lose it all. In investing, you have a plan on how to make it successful, unlike in gambling, where the casino owner will take over your funds in no time.
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September 08, 2023, 09:25:55 AM
 #83

I have been involved with Bitcoin for quite some time. I consider myself very lucky because I came across Bitcoin at the right time. But I don't have much experience with Bitcoin in my life. Before coming here I have heard many incidents from my veterans. But I think, I was introduced to Bitcoin at the right time, and met Bitcoin. Relatively speaking, Bitcoin prices are worth investing in right now. I don't have money to invest right now. If I had money to invest I would definitely invest in Bitcoin and hold it for a long time. But if I can earn from here, I will definitely fulfill my dream by investing in Bitcoin.
What's stopping you from starting to collect initial capital? There is a way to give up bad habits, if you have them. Yes there are many methods. There would be a desire. You just don’t need to fall into a depressive state, from which it is quite difficult to get out. Quite often this happens due to low earnings or income, but this matter is fixable.
Find the strength in yourself and start saving money as quickly as possible, with which you can then buy Bitcoin. After all, time passes and the price will change. Why should you buy crypto at maximum values?

 
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September 08, 2023, 09:35:13 AM
 #84

i start investing and indeed now I am earning and has a big chunk that waiting in my folio once the bull comes.
Earning income from Bitcoin investments? Isn't it true that to generate income from Bitcoin investments, you need to sell your BTC for FIAT currency at a higher price than your purchase price to make a profit?

I believe such occurrences can't happen every day. Despite Bitcoin's volatility, daily price fluctuations can't be relied upon for daily gains. Furthermore, in investing, one can't always be victorious.

Income from Bitcoin investments doesn't materialize on a daily basis unless you sell Bitcoin every day.

To be honest, I also have a lot of friends who are day traders, they not only trade in the cryptocurrency market, they also trade forex, stocks...but I haven't seen anyone who can make trading their sole source of income. In addition to being day traders, they also have outside businesses that are hiring managers to work for them. So I would doubt anyone who says they can make a profit daily in bitcoin or by trading no matter what financial market they are in. I have not seen anyone who always wins and can make a steady daily profit in trading.

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September 08, 2023, 10:45:24 AM
 #85

i think i started it all from the faucet and also pay to clicks. I remember that every day I do the same thing only to get $ 40 to $ 50 per month from faucets and PTC. Anyway, I felt like it was a good start because it was really the first time I made money from the internet. After that, these activities allowed me to get to know altcoins, trading, investing, ICO, IEO, and others.

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September 08, 2023, 01:13:36 PM
 #86

i think i started it all from the faucet and also pay to clicks. I remember that every day I do the same thing only to get $ 40 to $ 50 per month from faucets and PTC. Anyway, I felt like it was a good start because it was really the first time I made money from the internet. After that, these activities allowed me to get to know altcoins, trading, investing, ICO, IEO, and others.
Yes, I'd see faucets were very popular in the past and so were these mining apps but after having a bad experience and hearing negative feedback, I'd just realized that I wasted my time doing it.

I own Bitcoin from joining bounties and I doubted it at first, really but when I received it after converting from my token rewards, it changed my views and believe that it was real, not a scam. It was easy to get BTC in the past even if you didn't spend any amount as there are a lot of ways to do it unlike these days.

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September 08, 2023, 03:54:59 PM
 #87

i think i started it all from the faucet and also pay to clicks. I remember that every day I do the same thing only to get $ 40 to $ 50 per month from faucets and PTC. Anyway, I felt like it was a good start because it was really the first time I made money from the internet. After that, these activities allowed me to get to know altcoins, trading, investing, ICO, IEO, and others.

It is really a good start, as our mindset before was to earn it online without using our money, which is why we have a lot of patience on faucets and other microtasks just to earn Bitcoin, and at the same time we learn how Bitcoin works. Even I've started on it as I don't have money to spend on Bitcoin, and I've learned a lot from it. But that is really the start, it awakens my eyes to the opportunity to earn from it, so with that kind of opportunity, we need to grab it and earn it.
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September 08, 2023, 03:56:09 PM
 #88

i start investing and indeed now I am earning and has a big chunk that waiting in my folio once the bull comes.
Earning income from Bitcoin investments? Isn't it true that to generate income from Bitcoin investments, you need to sell your BTC for FIAT currency at a higher price than your purchase price to make a profit?

I believe such occurrences can't happen every day. Despite Bitcoin's volatility, daily price fluctuations can't be relied upon for daily gains. Furthermore, in investing, one can't always be victorious.

Income from Bitcoin investments doesn't materialize on a daily basis unless you sell Bitcoin every day.


Yeah, that's right. Bitcoin investment is usually very profitable for long-term holders compared to those that trade for a short-term profit. Some people who were even lucky to buy Bitcoin during the early stages sold so fast for a quick profit, and most of those people who sold very early regret why they sold, whereas those who were able to hold for a long time made a fortune.

Even if it's a trader who wants to take advantage of price volatility, they will still not make a profit every day by trading their Bitcoin; they will definitely have some losses.

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September 08, 2023, 06:42:08 PM
 #89

So, I am sitting here thinking about how my first Bitcoin experience was, and I can't remember. Suddenly, I am thinking, how was your first Bitcoin experience? If you remember your first Bitcoin experience so please tell me.

I got some crypto money (about 0,1 btc and a couple of ETH) back in 2016, I decided to hodl. But some time later I exchanged some of this for fiat just to have fun. That was a dramatic mistake, since then I rarely spend crypto for anything. I think that hodling is the best strategy in crypto, however, the sums I have are too small to bring a good profit even if the price doubles...

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September 08, 2023, 08:33:59 PM
 #90

So, I am sitting here thinking about how my first Bitcoin experience was, and I can't remember.
How can you forget it, mate? Is that moment not special enough for you?  Undecided
For Bitcoiners, the time when he owned Bitcoin first time was a memorable moment. It should be remembered forever.

Suddenly, I am thinking, how was your first Bitcoin experience?
I got my first Bitcoin from campaigning a project. It was a small number of Bitcoin (valued under $50) but it felt amazing because it was the first time I have it on my wallet. Sadly, I can't hold it for a long time, I need to sell it because of an urgent need. However, I will always remember that first Bitcoin on my wallet, it is a historical moment.


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September 08, 2023, 09:35:12 PM
 #91

i start investing and indeed now I am earning and has a big chunk that waiting in my folio once the bull comes.
Earning income from Bitcoin investments? Isn't it true that to generate income from Bitcoin investments, you need to sell your BTC for FIAT currency at a higher price than your purchase price to make a profit?

I believe such occurrences can't happen every day. Despite Bitcoin's volatility, daily price fluctuations can't be relied upon for daily gains. Furthermore, in investing, one can't always be victorious.

Income from Bitcoin investments doesn't materialize on a daily basis unless you sell Bitcoin every day.

To be honest, I also have a lot of friends who are day traders, they not only trade in the cryptocurrency market, they also trade forex, stocks...but I haven't seen anyone who can make trading their sole source of income. In addition to being day traders, they also have outside businesses that are hiring managers to work for them. So I would doubt anyone who says they can make a profit daily in bitcoin or by trading no matter what financial market they are in. I have not seen anyone who always wins and can make a steady daily profit in trading.

I also know someone who daytrade on forex, he even invited me to try it but I am somehow comfortable trading cryptocurrency that time so I reject the invitation.  He also does not rely on his forex trading activities for his sole source of funds.  When I asked him why he didn't like to focus on forex trading since he told me that he was gaining a good amount of money on his trade, he stated that the profit isn't always huge sometimes he ends up in a break-even or at a lost due to the unexpected turn of the event.

The same goes with cryptocurrency trading, just like what happened in the previous days when Bitcoin suddenly made a dip.  Those who buy before the dip is currently at a lost now.  So they will be in trouble if they don't have other sources of funds.

So, I am sitting here thinking about how my first Bitcoin experience was, and I can't remember.
How can you forget it, mate? Is that moment not special enough for you?  Undecided
For Bitcoiners, the time when he owned Bitcoin first time was a memorable moment. It should be remembered forever.

It is possible that he wasn't that serious when he first entered the cryptocurrency. Or probably he is busy with other things and is not focus on Bitcoin activities.


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September 08, 2023, 10:47:41 PM
 #92

My first Bitcoin experience is:

- I don't know how to use Bitcoin block explorer
- I don't know how long I have to wait to see my withdrawal from an exchange to be approved, proceeded then that transaction is confirmed by miner.
Consequence is I was panic when after making a withdrawal from one exchange, where I bought bitcoin, to another exchange, where I wanted to trade, it took about 6 hours without a first confirmation. It's in 2017.

Newbies must learn how to use block explorers to check on chain transactions, confirmations, and know why their waiting transactions are in top or low priority of miners to confirm.

List of useful Bitcoin block explorers
https://mempool.space/

 
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September 09, 2023, 12:10:15 AM
 #93

I have been involved with Bitcoin for quite some time. I consider myself very lucky because I came across Bitcoin at the right time. But I don't have much experience with Bitcoin in my life. Before coming here I have heard many incidents from my veterans. But I think, I was introduced to Bitcoin at the right time, and met Bitcoin. Relatively speaking, Bitcoin prices are worth investing in right now. I don't have money to invest right now. If I had money to invest I would definitely invest in Bitcoin and hold it for a long time. But if I can earn from here, I will definitely fulfill my dream by investing in Bitcoin.
What's stopping you from starting to collect initial capital? There is a way to give up bad habits, if you have them. Yes there are many methods. There would be a desire. You just don’t need to fall into a depressive state, from which it is quite difficult to get out. Quite often this happens due to low earnings or income, but this matter is fixable.
Find the strength in yourself and start saving money as quickly as possible, with which you can then buy Bitcoin. After all, time passes and the price will change. Why should you buy crypto at maximum values?


Strong and candid advice, I must confess. Loads of people consider depressive state ideal a remedy or solution to a problem when in reality, it is just a thief of time.

Imagine putting the time of wailing into productive use and saving up the income, it'll be a matter of time before you realise that the energy you used to feel depressed was your disguised-productive energy coupled with the drive to make it to the top. Save up and invest in Bitcoin when its still low man.

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Richkiedx
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September 09, 2023, 02:37:08 AM
 #94

Nothing its memorable every time every seconds  i always want to my trade because my PNL red and i so nervous haha
I can't sleep because of that pnl
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September 09, 2023, 03:00:51 AM
 #95

i start investing and indeed now I am earning and has a big chunk that waiting in my folio once the bull comes.
Earning income from Bitcoin investments? Isn't it true that to generate income from Bitcoin investments, you need to sell your BTC for FIAT currency at a higher price than your purchase price to make a profit?

I believe such occurrences can't happen every day. Despite Bitcoin's volatility, daily price fluctuations can't be relied upon for daily gains. Furthermore, in investing, one can't always be victorious.

Income from Bitcoin investments doesn't materialize on a daily basis unless you sell Bitcoin every day.

To be honest, I also have a lot of friends who are day traders, they not only trade in the cryptocurrency market, they also trade forex, stocks...but I haven't seen anyone who can make trading their sole source of income. In addition to being day traders, they also have outside businesses that are hiring managers to work for them. So I would doubt anyone who says they can make a profit daily in bitcoin or by trading no matter what financial market they are in. I have not seen anyone who always wins and can make a steady daily profit in trading.

I also know someone who daytrade on forex, he even invited me to try it but I am somehow comfortable trading cryptocurrency that time so I reject the invitation.  He also does not rely on his forex trading activities for his sole source of funds.  When I asked him why he didn't like to focus on forex trading since he told me that he was gaining a good amount of money on his trade, he stated that the profit isn't always huge sometimes he ends up in a break-even or at a lost due to the unexpected turn of the event.

The same goes with cryptocurrency trading, just like what happened in the previous days when Bitcoin suddenly made a dip.  Those who buy before the dip is currently at a lost now.  So they will be in trouble if they don't have other sources of funds.
Let's look at a real example, in these days when bitcoin had very nasty fluctuations and according to reports, a lot of long/short orders were liquidated in the past days. Almost no one makes a profit trading these days, so where do we get daily profits for our necessities?
Again, those who claim to have a steady and consistent income from day trading should provide evidence rather than just talk. I've been in the market for a while, but so far, I haven't really seen anyone do it, I'd really like to open my eyes if someone can provide proof.

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September 09, 2023, 03:40:47 AM
 #96

It started by hearing about bitcoin in the internet and after randomly reading about it, I somehow ended up using some faucets. They used to pay a lot at that time (the satoshis, not the value in bitcoin), and you could withdraw anytime you wanted and they used to send it to some centralized wallet and you could withdraw it anytime without any fee. Saw how the price went up, got interested, invested and sometimes using it as a regular currency. Never had a bad experience with bitcoin (other those days where you had to pay insane fee or wait for hour or sometimes days for transaction to confirm) or got scammed.

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September 09, 2023, 03:47:50 AM
 #97

Heard about bitcoin way before, as I do some freelance work at Odesk and so I'm seen several forums and this is one of them. But one memorable experience back then specially around the time I joined this community is a bitcoin doubler.

So I thought why not? gonna be easy to make your bitcoin grow in short amount of time. But it's good that I only invested small amount that time because later it was just a scam and it was a lessons for me in the beginning. And it's good that it happen to be when I was just starting, because after that I never invested on too good to be true offer.

 
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September 09, 2023, 06:10:11 AM
 #98

So, I am sitting here thinking about how my first Bitcoin experience was, and I can't remember. Suddenly, I am thinking, how was your first Bitcoin experience? If you remember your first Bitcoin experience so please tell me.

I remember when I was just learning about Bitcoin in 2015–2016, when I was just studying Bitcoin and I didn't pay much attention to the Bitcointalk platform. I didn't really know much about Bitcoin, which even led me to really want to buy Bitcoin when it dropped to 160 dollars per bitcoin, but I couldn't do anything because I didn't have anything to buy and I was just staying with a friend of mine.

These were the times when altcoins were still very low in the market, and I didn't know anything about cryptocurrency, I only knew about monitoring during these times. I only learned to experience buying crypto on the exchange in 2017.

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blckhawk
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September 09, 2023, 09:29:40 AM
 #99

It was through collecting my "hard earned" satoshis through the faucet I installed on my cheap Android phone back in the day (it was named something like hotBTC or something? the faucet's logo was a flame); withdrawing those few satoshis to my freshly installed and backed-up Mycelium wallet.

Man, those were the days.
The days when you can faucets were giving a lot of bitcoins by today's standards, I am not from the time were faucets give large amounts of bitcoin so I missed out but I imagine those that was able to experience it like you I assume that you probably never expected bitcoin to get to this price. My experience is a bland one as I was still a student when I was introduced to bitcoin and the price was already pretty established so from what I can share is that bitcoin taught me to be smart financially and made me love stuff that's tech related.
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September 09, 2023, 09:42:27 AM
 #100

When you are very much interested in something and when that thing comes to you after a long wait, the feeling of that thing is really different. The feeling and happiness of that moment when I first saw Bitcoin in my wallet can't really be described. I have always been interested in Bitcoin and since then my dream was to become a Bitcoin investor and have Bitcoin in my wallet but I didn't realize that my hope would come true so quickly. I still remember the day I first saw Bitcoin in my wallet. I once received a relatively large stipend from the college I attended, and I'm not sure if I'll invest that money in Bitcoin. At that moment, I took a step closer to fulfilling my dream by buying Bitcoin with money.

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