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Author Topic: What's the way to be an early participant?  (Read 274 times)
Hatchy
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August 08, 2024, 04:48:20 PM
 #21

They're really legendary in themselves. What do you do to be an early participant in something innovative like Bitcoin? I really want to do that in the future..

Most of the early men of the forum, were the big time lovers of Bitcoin. They mined BTC for the fun of it and at that that, it's value was pretty low. So they were so much happier to be members f a community where they were also able to share their experiences with this new revolutionary technology. Little dis they know that the will holding some feature treasures that is worth millions of dollars now. To answer your question, to be an early participant of Bitcoin, you have to buy once you have an opportunity to. Bitcoin is moving, and the more time you waste, deciding to acquire some bitcoin, more you might be missing out from the crowd who will be enjoying the future benefits of holding BTC.

R


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August 08, 2024, 05:04:33 PM
Last edit: August 08, 2024, 05:24:10 PM by anarkiboy
 #22

Monero is the future, it's heavily undervalued today and a good opportunity to buy.

Do your own research and see for yourself, usage is increasing and wherever there is an option of Bitcoin and Monero, people are choosing Monero:

https://x.com/shopinbit/status/1811651225005195471
https://x.com/CoinCards/status/1809702144288882870

Because it's cheaper, faster and on top of that you get unrivaled privacy.

Estimate XMR rate 1000 usd during this cycle
Businesses that use privacy coins can keep their financial dealings confidential, which might be useful for competitive reasons or to protect sensitive business information. Privacy coins can help prevent discrimination based on spending habits or financial status by ensuring that personal financial data is not exposed. For personal transactions, privacy coins offer peace of mind, knowing that one's financial transactions are not easily accessible or traceable by others. Enhanced Fungibility is the property of a good or asset to be interchangeable with other goods or assets of the same type. Privacy coins are considered more fungible because each coin is indistinguishable from another, unlike Bitcoin, where coins can be tracked back to their origins.


Yep, it's like being in the past when Bitcoin was at ~150 USD  Wink and my friends didn't listen to me when I told them to buy it  Cheesy
They will want Monero when it hits similar levels to today's Bitcoin price and wish for time machine  Grin

The next big thing is here and not many can see it because of the low FIAT evaluation, it's funny how history repeats itself.  Cool
I think it may be the last true opportunity in cryptocurrency space as Monero has no issues hard forking making it practically future proof as it will update along with technological advancements.

There's practically no chance in booting up a project like this today without premine or dev-tax.
Even if it would somehow manage to attract enough miners from day 1 to secure the network (maybe by merge-mining) then Monero would just take any good tech it has and update it's own code  Grin

Bitcoin is moving, and the more time you waste, deciding to acquire some bitcoin, more you might be missing out from the crowd who will be enjoying the future benefits of holding BTC.

That boat has sailed away long time ago  Wink
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August 08, 2024, 05:23:33 PM
 #23

Being an early participant will not always be a guarantee that they will make more profits,
because it depends on how they believe in a new project that is completely unknown to many people and can maintain it.

I found a lot of people in the past who had thousands of BTC, but then they sold it at a very cheap price if we look at it at the time,
but it would have been very expensive to hold it until now.

Those who couldn't hold back for the long term enjoyed their profits at the time, as did I who was on this forum in early 2016 and started collecting Bitcoin,
but sold it when the price was still $2k-$3k.
But back then when I sold it I made quite a profit and without regret not holding back now, it was just a journey of my Bitcoin story.

 
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virasog
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August 08, 2024, 05:57:21 PM
 #24

I read some of the early posts on this forum. Some people have been on Bitcoin forums since 2010, 2011. Maybe they're already very rich. I read Hal Feeney's post on the forum. As I read it, I was wondering how great it would have been to be at the beginning of a revolution, the huge wave of Bitcoin. It's not just about wanting to have a lot of Bitcoin and get rich. Rather, being an early participant in something that changes the world, in itself, is very exciting. Looking at the old transitions of Bitcoin makes my heart race for some reason. They're really legendary in themselves. What do you do to be an early participant in something innovative like Bitcoin? I really want to do that in the future..

I would call it a bit of luck to know about something like Bitcoin at an early stage and then to have a vision that someday it would become as big as Bitcoin is now a days.
For example, if you had known Bitcoin in 2011, or 2012 you may not have bought it in big quality because we have no idea that it will be so highly priced as it is now.
Most probably you would have bought and then sold for some profits and would not be holding for 10 long years. Who has such big vision of a technology that is on its early stages  Huh


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August 08, 2024, 06:18:32 PM
 #25

Maybe most of them have been here for a long time, which you mean they already have some assets, but we need to see how they learn everything on the forum, and the time they put in, we think this is appropriate for them. It could be said that they are experts in understanding everything.

What do you do to be an early participant in something innovative like Bitcoin? I really want to do that in the future..

 just like us who want to learn something, Bitcoin is something very valuable, because there are many people who want to jump into Bitcoin. It takes a little time to understand what is called Bitcoin and how the process in Bitcoin, we learn it from the way of mining and investing here, this forum provides a lot of education related to Bitcoin and other alternatives if you want to understand it.

It's a very good thing if you take the initiative to have Bitcoin, you can adopt Bitcoin like Investors who already hold Bitcoin, this will have a good impact on you. you should take the next action to become a good Investor.

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August 08, 2024, 06:27:58 PM
 #26

I read some of the early posts on this forum. Some people have been on Bitcoin forums since 2010, 2011. Maybe they're already very rich. I read Hal Feeney's post on the forum. As I read it, I was wondering how great it would have been to be at the beginning of a revolution, the huge wave of Bitcoin. It's not just about wanting to have a lot of Bitcoin and get rich. Rather, being an early participant in something that changes the world, in itself, is very exciting. Looking at the old transitions of Bitcoin makes my heart race for some reason. They're really legendary in themselves. What do you do to be an early participant in something innovative like Bitcoin? I really want to do that in the future..

You need to get rid of the get-rich mentality and adopt the this-is-a-good-long-term-investment mentality. Bitcoin has so much more room to grow. We could be at 1 mill per coin in the near future. Would you then consider buying Bitcoin today an "early adoption"? In other words, it is all relative. Just invest in what you believe in.

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August 08, 2024, 06:47:39 PM
 #27

I read some of the early posts on this forum. Some people have been on Bitcoin forums since 2010, 2011. Maybe they're already very rich. I read Hal Feeney's post on the forum. As I read it, I was wondering how great it would have been to be at the beginning of a revolution, the huge wave of Bitcoin. It's not just about wanting to have a lot of Bitcoin and get rich. Rather, being an early participant in something that changes the world, in itself, is very exciting. Looking at the old transitions of Bitcoin makes my heart race for some reason. They're really legendary in themselves. What do you do to be an early participant in something innovative like Bitcoin? I really want to do that in the future..

You need to get rid of the get-rich mentality and adopt the this-is-a-good-long-term-investment mentality. Bitcoin has so much more room to grow. We could be at 1 mill per coin in the near future. Would you then consider buying Bitcoin today an "early adoption"? In other words, it is all relative. Just invest in what you believe in.

Thanks for these thoughts! It's really up to OP to see the big picture and understand there are so many possibilities already that he can go and try himself in, rather than thinking that he lost the crypto train.

Even including BTC, like you mentioned. It's never too late to start learning and becoming better. As a community member, as a crypto enthusiast, and as an investor.

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August 08, 2024, 08:33:36 PM
 #28

I read some of the early posts on this forum. Some people have been on Bitcoin forums since 2010, 2011. Maybe they're already very rich. I read Hal Feeney's post on the forum. As I read it, I was wondering how great it would have been to be at the beginning of a revolution, the huge wave of Bitcoin. It's not just about wanting to have a lot of Bitcoin and get rich. Rather, being an early participant in something that changes the world, in itself, is very exciting. Looking at the old transitions of Bitcoin makes my heart race for some reason. They're really legendary in themselves. What do you do to be an early participant in something innovative like Bitcoin? I really want to do that in the future..

I just want you to know that duration of stay in the Forum doesn't equate to the quantity of Bitcoin some people has hold in this forum, sorry that's not how it works. Some people have really achieved alot even from their post history you can tell but some people don't hold much Bitcoin and even the ones that did before now has sold most of their coins, only few of them still hold Bitcoin to date since the days they have been revolutionary about Bitcoin.

If I have had the opportunity about been early participants, I'm not sure about if I'm going to hold it to now, not because I'm don't believe much in Bitcoin but because I may have been too tempted about it to sell due to financial problems. I can't hold my problems seeing that I have much problems to solve, this is why I'm unsure about holding Bitcoin to now, maybe I will hold rest and might have sold a lot in the past bull run.

R


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August 08, 2024, 08:41:04 PM
 #29

What do you do to be an early participant in something innovative like Bitcoin? I really want to do that in the future..
I don't know if we would ever get a cryptocurrency like BTC in the future, but if you meant in a different sector other than cryptocurrency, then all you have to do is believe, when most people do not, if you believe the project has a future, join when little to no one can see that future, that is what most BTC early adopters did. Satoshi was never ready to convince you if you didn't believe, but so many people didn't need convincing, they knew Satoshi had just created something great and they joined.

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August 08, 2024, 08:53:52 PM
 #30

Being an early participant is no longer possible since crypto existed for a long time already although there's no such thing as being too late. Cryptocurrency being volatile gives people a chance to earn profit especially when you bought crypto when it's in low price or dip time and selling when the price increase (bullrun). Many newbies have posted here in the forum asking if they were too late to invest in bitcoin but it isn't because there's always a chance for everyone to earn.

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