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Author Topic: What's the way to be an early participant?  (Read 274 times)
ykim240515 (OP)
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August 08, 2024, 08:46:11 AM
 #1

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..
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August 08, 2024, 09:05:03 AM
 #2

There's a possibility they're already rich because if they're not rich, they will not want to spend time for something that still a nothing, instead they will study hard and get a job that pays well. But, I heard during early days, it was not easy to access Bitcoin since you must be a high technical person where you need to run full node and receiving in public keys instead of address.

So, I think the early adopters are mostly rich and have high knowledge in computer science.

R


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August 08, 2024, 09:06:55 AM
 #3

You can't turn back time and magically turn into an early pre 2010 bitcoin-adopter. But it's never too late to start using bitcoin. Even today, a small percentage of the population actively uses bitcoin or have ever made a bitcoin transaction. Put some money aside if you feel like investing and buy your first coins. Or better yet, work for it and get paid in bitcoin for the services you render. A short-term up or downtrend shouldn't put you off from becoming an adopter.

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August 08, 2024, 09:19:49 AM
 #4

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.
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August 08, 2024, 09:21:09 AM
 #5

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..
Well, as much as your post makes really good sense to me which I appreciate, forgive me but your question makes no sense since it's one that have no definite answer, how does one become an early participant to something if not to get to know about that thing and get involved in it at that very moment when no one else or just a few number of persons are talking about that thing, and truth be told, what you have missed being an early participant in, you have missed it and there is no way to turn back the hands of time.

Only thing one can do is learn from the past and present things one feels he or she has missed, and pay close attention to new innovations and try to get involved on time.
But also important to know is that in the world of technology and innovations, you can't catch every opportunity, potential big projects on time, you surely must miss some and that's a normal thing cus no man is omini present in this world.

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August 08, 2024, 09:26:27 AM
 #6

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..
Your assumption that all the early members of the forum are rich might not be correct. Some of them might have sold their coins, others might have lost them, and some might have lost interest in Bitcoin before the price skyrocketed. However, some were able to hold their coins to date; yeah, many of them will be millionaires.

Bitcoin is a technology that is second to none. Many developers have tried to replicate Bitcoin but failed to produce something of the same standard. If you want to be part of an innovation, I suggest you engage in in-depth research in some areas; maybe you might get an idea. The artificial intelligence sector is at its early stage, you could discover an area you can contribute to.

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August 08, 2024, 09:29:50 AM
 #7

Bitcoin is a technology that is second to none. Many developers have tried to replicate Bitcoin but failed to produce something of the same standard.

Monero is better in every way  Wink you would know if you didn't repeat what other say and done your own research.
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August 08, 2024, 09:45:35 AM
 #8

By hearing about it before anyone else does?

Because that's the only thing I can think of.

It is really not that simple to be honest. You have no way of knowing what the 'next big thing' is going to be. You'd literally have to be inside the particular industry at the right place at the right time in order to even hear about it, and even then, if you're not genuinely interested in the thing, then what's the change of you even believing and taking an action on it?

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August 08, 2024, 10:01:21 AM
 #9

Bitcoin is a technology that is second to none. Many developers have tried to replicate Bitcoin but failed to produce something of the same standard.

Monero is better in every way  Wink you would know if you didn't repeat what other say and done your own research.
Monero is not better in every way than Bitcoin. Its anonymity could be its biggest advantage. But I still choose Bitcoin as the best cryptocurrency. You can choose, Monero, that's your decision.

Because it's cheaper, faster and on top of that you get unrivaled privacy.
I don't care about the price of Bitcoin. It is better to buy the unit I can afford than to buy Monero. So Monero's low price is not an advantage to most investors. Bitcoin is the future.

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anarkiboy
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August 08, 2024, 10:08:04 AM
 #10

Bitcoin is a technology that is second to none. Many developers have tried to replicate Bitcoin but failed to produce something of the same standard.

Monero is better in every way  Wink you would know if you didn't repeat what other say and done your own research.
Monero is not better in every way than Bitcoin. Its anonymity could be its biggest advantage. But I still choose Bitcoin as the best cryptocurrency. You can choose, Monero, that's your decision.

Because it's cheaper, faster and on top of that you get unrivaled privacy.
I don't care about the price of Bitcoin. It is better to buy the unit I can afford than to buy Monero. So it's cheap price is not an advantage to most investors. Bitcoin is the future.

But WHY you think it's better ? because it's name is "Bitcoin" ?  Grin Grin Grin
Because you were promised by echo-chambers to become a millionaire from HODL'ing it ?  Cheesy
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August 08, 2024, 10:08:09 AM
 #11

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..

It could be a blessing or a curse to be honest, if you are early then,

(a), you really don't know if Bitcoin is going to be big, and we have seen that some of them have sold very early and they are regretting their decision to do so
(b), others lost their private keys, have you heard about the case of Early crypto investor James Howells, 38, made the calamitous mistake of accidentally throwing away 8,000 Bitcoins ten years ago and is now launching a legal fight to get them back.
(c), those early birds who believed on Satoshi and they try to buy as much as they can during those early years

So again, no one can turn back the clock, we all could have been a Bitcoin enthusiast that time and could be self millionaire when we could have accumulate thousands of BTC. But I guess not everyone is lucky that time to have found and truly understand the revolution that is taking place in 2010-2011.

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August 08, 2024, 10:10:26 AM
Last edit: August 08, 2024, 10:23:47 AM by anarkiboy
 #12

Early crypto investor James Howells, 38, made the calamitous mistake of accidentally throwing away 8,000 Bitcoins ten years ago and is now launching a legal fight to get them back.

He has never proved he owned any Bitcoins and he then advertised Bitcoin Cash.
It's a fake story to promote his profile and the "legal fight" is just a stunt to gain credibility and popularity.
If he really believed so much in Bitcoin, why he didn't bought it when it was still cheap ? because it's all a fake story.
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August 08, 2024, 10:12:33 AM
 #13

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 made a lot of digging and can't blame you to think that way especially if you look at the old value of bitcoin way back before. But actually not all people became so rich after bitcoin reach at this current price since I see some several people before who do earn and sell schemes. They didn't left anything in their bags and just sell whatever they earn since no one believe before that bitcoin would able to reach this far. Bitcoin is new and future is unsure that's why lots of people from old era think about they miss a opportunity to become a millionaire since they sold all their earnings before when the price of bitcoins is so cheap.

But even though with those cases still there's something more to look after even if the price of bitcoin is bit expensive to the eyes of current adapter. They just need to accumulate what they can afford since for sure they will still get rewarded. Bitcoin has many things to offer and those people continue to believe will provably get reward especially as we know there's limited supply of bitcoin and lots of people still buying it.

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anarkiboy
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August 08, 2024, 10:16:41 AM
 #14

I suspect this pointless posts from new accounts are created by the same people who give generic answers just to earn money from advertisements they have in their profile.
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August 08, 2024, 10:29:47 AM
 #15

Monero is not better in every way than Bitcoin. Its anonymity could be its biggest advantage. But I still choose Bitcoin as the best cryptocurrency. You can choose, Monero, that's your decision.

You have time to respond to someone with obvious agender to promote unknown coin? It's either he's part of the team or being paid to spam the forum with their promotion. There's no point arguing about which is better, if it has potential, people will certainly go for it.

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..

The only way you can be among early participants is to get started at the right time. As for bitcoin, if you haven't started yet you've missed being part of earlier participants but starting now can make you be among early participants. A time will come when doubting Thomas will regard you as early adopter too.

Mind you, don't just jump into any project without due diligence and research all in the name of you want to be among early participants.











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anarkiboy
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August 08, 2024, 10:34:00 AM
 #16

You have time to respond to someone with obvious agender to promote unknown coin? It's either he's part of the team or being paid to spam the forum with their promotion. There's no point arguing about which is better, if it has potential, people will certainly go for it.

This post is about early participation so I gave him example.
I am not a spammer, I think my posts are good contribution instead of some generic ones that people are posting here.

And I am not that poor to look for earning money by spamming forums, by adding "ROLLBIT" or other scams in my profile Grin Grin Grin

BTW. Unknown coin ? Monero ?  Cheesy
If it is unknown to you, you are doing poor research.
sunsilk
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August 08, 2024, 10:43:49 AM
 #17

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.
No doubt that the early adopters are legends. While the world has been against them, they know what they're up to and they've believed to Bitcoin project that probably many didn't like at first.

What do you do to be an early participant in something innovative like Bitcoin? I really want to do that in the future..
There will be no more new Bitcoin but if you're up into something like this, you'd probably looking at another crypto project for which many of them are just like fly by night projects.

It's hard to find new projects that are innovative and gives the exact feeling of early adoption of BTC.

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August 08, 2024, 12:37:28 PM
 #18

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..
Most of us joined the forum and became interested in cryptos not in early days and not even in early years. So yes, those initial stages are far behind us, and it's hard to say what's the next big thing worth joining early. But from a different perspective, we're all still early Bitcoin users and enthusiasts. Even though Bitcoin gained significant media attention, and serious funds and authorities have to take it into account, Bitcoin is used by less than 5% of the world's population. If we expect is to go to mass adoption, then it's still early days, still a time to be a part of something bigger.

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August 08, 2024, 02:43:48 PM
 #19

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.
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August 08, 2024, 02:48:26 PM
 #20

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

Plain and simple indeed, it was the same answer 8years back when I joined this forum and is still is today and will be the same in the future.

In order to be part of the innovation, if you have developer skills you have better avenues for pursuit. But if you dont, then be a part of the holders of bitcoin and make it a point to keep adding bitcoin to your investment folio every few months when the prices drop.

 
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