What motivated those who invested in bitcoin in 2012? fate or foresight?

[DiMarxist]

There is nothing like luck or fate here, anyone who invested in Bitcoin back then did it with all conviction so I will call it foresight. Most times people tends to discredit the success that others has been able to make in their field not only in Bitcoin but also in other fields. As of when Bitcoin was launched it will only take a person who has the business mindset put in hard earned money into it, this was because Bitcoin was not that fancy at the beginning many saw Bitcoin as one of those things. So those who invested in Bitcoin and actually benefited big where actually seeing what the rest of the people didn't see coming in the next five to six years to come.

[YOSHIE]

what was the motivating force that made the early adopters of bitcoin to invest in it?

If we talk about people investing/buying Bitcoin in 2012, I think it's not destiny, but they simply want to do it based on their technological vision and also their economic improvement in the future, I think the reason is simple Bitcoin is unique and is a new digital currency model that has a decentralized concept, so many people are attracted to it and are interested in buying.

Added to this is the technological innovation that Bitcoin has, which does look interesting and coupled with speculation that in the future there is a big possibility of price increases and big profits, All of this is proven by comparing prices in 2012 and now, plus humans have a culture of experimentation that is generally shared by all communities.

[I_Anime]

i am curious to know just as you.
what was the motivating force that made the early adopters of bitcoin to invest in it?

was it due to fate which we can call luck or they had good judgment or foresight to know that it was a good project or they were just risk takers?
i really want to know what was going on in their mind

I don’t think there was just one reason. The early adopters of Bitcoin were a mix of different kinds of people.
Some believed deeply in the idea of decentralized money and financial freedom. Others were technology enthusiasts who saw Bitcoin as a revolutionary innovation.

But just know that this different kinds of people had their own various reasons why they took the risk the first place being bitcoin early adopters. Though there are some that where just lucky like they forgot they had Bitcoin store in a abandoned wallet they later discovered , or some that got into it without even noticing it till it rose to a significant price

[Dr.Bitcoin_Strange]

After they must have studied about Bitcoin, they has a foresight of what Bitcoin was going to become in the future if adoption continues and they were also risk takers because they never allowed fear to prevent them from investing in it, I thought you would even ask about the people that invested in Bitcoin around 2009 or 2010 when it was not yet too known like 2012. There were quite a lot of people that invested into Bitcoin then, they must have had different driving force, for some, it could be fate, foresight or risk taking.

[Sanitough]

i am curious to know just as you.
what was the motivating force that made the early adopters of bitcoin to invest in it?

was it due to fate which we can call luck or they had good judgment or foresight to know that it was a good project or they were just risk takers?
i really want to know what was going on in their mind

No one knows or expected bitcoin that it will reach this far and be as successful as today. Those early adopters just invest in bitcoin because they are trying their fate or luck to work on them. And who cares if they will lose, bitcoin that time is very cheap so they don't care losing it anyway.

However, when bitcoin starts to prosper and has shown good performance in the market, that's when some investors claimed that they have foreseen the potentials with bitcoin. But in reality, no one expected that bitcoin will continue to stand throughout the test of time. Their investment was not made because they have trusted bitcoin from the very beginning, but it was actually fate motivated them that time.

[EstherBtc]

In 2012?  I think thats the time when the first speculators entered the market.  Before that, in the really early days around 2009 to 2011, it wasnt even about making money because Bitcoin barely had a price.  The people buying or mining it back then were mostly cypherpunks, cryptographers, and tech nerds who were only interested in the idea of ​​it.

By the time 2012 and 2013 rolled around, you started getting the massive risk-takers.  These people definitely had a mix of incredible foresight and flat-out luck.

I think people who invested in 2012 and 2013 jumped on the band wagon because the project have started gaining momentum and luck being on their side the bitcoin project succeeded.

Then the early adopters of 2008 and 2009 had more insights just as you said that they were either miners, tech enthusiasts or gurus who just want to try out a decentralized bank system.

[ColdLava40]

i am curious to know just as you.
what was the motivating force that made the early adopters of bitcoin to invest in it?

was it due to fate which we can call luck or they had good judgment or foresight to know that it was a good project or they were just risk takers?
i really want to know what was going on in their mind

Reading your post already provides me a good reason why the early adopters were successful compared to those investors we have now.

First thing is from your post, it sounds already like everything in Bitcoin is all about the profit making. I'm very sure that those who invested in Bitcoin then never really though that they could grow their capital by simply waiting for a bull season.

They just had love for a system outside the regular government monitores system and choose to believe it was worth their money and time and their rewarded today in profits unintentionally.

[Youngrebel]

For some people it was fate or you can just say luck because it is something they invested in because they saw others putting their money into it and there are also those that invested back then due to foresight but there was no certainty in this which made it a risk. There knew that Bitcoin has potentials to grow but it wasn't something that they were completely sure of. Not everyone invested because they knew Bitcoin would get to this point today. Some people use the same mindset to invest in some coins today hoping it would increase like Bitcoin in a few years but that might not happen.

[ArabBTC]

Well to me i would say that what actually motivated those early bitcoin investors to invest in bitcoin as far back as 2012 is fear of failure and burning desire to succeed, to me not taken risk is actually risky and every top investor always takes calculated risk once he has seen prospect in an investment, their are born risk takers who are never afraid of failure, such people remains the reason why the world is still in existence because such people go the extra mile to ensure they create their dreams into reality. Sincerely it took a lot of guts for those early bitcoin investors to actually invest in it, only a few persons can actually pull such stunts.

[Stalker22]

Do you know what the price of Bitcoin was in its early days? The price was so low that anyone who invested in it did not care much about it, but very less did. That is the reason why many forgot their wallet's seed phrase or security keys, and some even forgot that they had invested in crypto in their early days. This is why a lot of bitcoin supply is dead or locked permanently. That supply can not be recovered until they find their seed phrase.

Besides this, do you know about the pizza story, a guy who paid too many bitcoins just for two pizzas? Do a little research on it then you will come to know how people used to treat Bitcoin in its early days. But with the passage of time bitcoin growth and adoption started to increase widely, and those who were careless today regret that.

First off, people did not lose their bitcoins because they "did not care" or forgot a seed phrase.  seed phrases did not even exist in the early days.  Back then, you had to save a raw wallet.dat file on your actual hard drive.  The reason so much Bitcoin is lost forever is simply because old computers broke, got thrown out, or were wiped.  It was a technical limitation, not just people being lazy.

And as for the pizza guy, Laszlo?  He said over and over that he doesnt regret it at all.  In 2010, Bitcoin was just an internet experiment with zero real value.  By trading 10,000 BTC for those two pizzas, he actually pulled off the first real-world transaction in crypto history.  I dont think he treated it like trash. Quite the opposite - he gave it its very first use case.  Honestly, without people like him proving you could actually buy stuff with it, Bitcoin might never have taken off in the first place.

[uneng]

I guess it was a gamble and also a philosophy of life, as early adopters were much more aligned with the principles of Bitcoin than the late ones who adopted BTC due to hype and speculation. Early adopters were enthusiasts of decentralization, privacy and freedom, so they saw in Bitcoin a mean to adopt those concepts on their finances. They were the first ones to see in Bitcoin a real usage potential which goes much beyond speculation.

And after all, they were the mostly benefited ones by huge increasements in BTC price for being the pioneers, even though that wasn't their initial purpose.

[Obim34]

i really want to know what was going on in their mind

I don't think from back then, those who took the opportunity of buying Bitcoin did foresee Bitcoin for it's profit generosity alone, it was more of a risk to them, whatever happens they live with it, fortunately to those who held long term, and unfortunate for those who sold earlier before the price went crazy or those who lost their wallets.

I consider them risk takers, the criticism then was much, it took lots of confidence to invest in Bitcoin despite the noise.

[Synchronice]

i am curious to know just as you.
what was the motivating force that made the early adopters of bitcoin to invest in it?

was it due to fate which we can call luck or they had good judgment or foresight to know that it was a good project or they were just risk takers?
i really want to know what was going on in their mind

You know, it's really hard to say. Today, with my current knowledge, I'm sure that I would definitely invest and hold something as valuable and innovative as Bitcoin is but the sad thing is that today there isn't such thing at the moment, 2000s were the time for technological innovations. At the moment there is AI but it doesn't generate a ROI for a normal human but if you are capable to build a company that works on AI, then you can generate a good amount of money.

If you want my honest answer, I think that earlier adopters were mostly those in their 20s or 30s and higher, were working around tech and had a higher knowledge into it. They recognized a technical breakthrough and saw the potential into this technology. It was okay for them to throw a few bucks into it at that moment, then they were actively looking at how things were going around Bitcoin and then they were sure that it was really a game changer currency and held it for a very long time.

[stadus]

Since bitcoin was not yet known and valuable way back 2012, then I can conclude that most of them only invest for their fate, for the luck to work from an uncertain bitcoin's future. However, some still managed to invest because they find interest and excitement to invest in a decentralized asset, and hope to secure financial security and stability.

While others just adapt the mindset that those who invested on high-risk assets will also gain exciting and massive rewards once the investment pays off.

[Onyeeze]

i am curious to know just as you.
what was the motivating force that made the early adopters of bitcoin to invest in it?

was it due to fate which we can call luck or they had good judgment or foresight to know that it was a good project or they were just risk takers?
i really want to know what was going on in their mind

is because of the value that's why on Bitcoin, people that made the research about Bitcoin understand the important value of it that is why they decided to adopt bitcoin and also invest in Bitcoin, if you don't accept Bitcoin and as a currency you cannot invest in Bitcoin there are many people today who is afraid to invest in Bitcoin because they don't believe that bitcoin will continue to survive what they have the mind is that bitcoin will breakdown one day without resurrecting so that has been the motive of different people who disagree to invest in Bitcoin who also discourage other people's not to invest in Bitcoin

[Oasisman]

was it due to fate which we can call luck or they had good judgment or foresight to know that it was a good project or they were just risk takers?
i really want to know what was going on in their mind

Definitely not fate. I can say it's a combination of foresight and a huge appetite for risk. We can't say good judgment either, things back then were different and uncertain, we can only say they had good judgment on the latter, when everything worked.
I think those people who invested early in Bitcoin are probably cryptography enthusiasts and people who are very interested in the latest technology. Bitcoin's whitepaper is surely too interesting for them to pass.
I think those people aren't just lucky, because luck won't tell you to hold off from selling when the first huge crash happened. For sure, there were a lot of those early investors who immediately sold their bags after a crash. Those who remain holding despite all the roller coaster ride aren't just lucky, but what they have is a strong conviction and vision.
The only time they were lucky was when they found out about Bitcoin early and stuck with it until it paid off very well.

[maydna]

I can called that luck because I am not sure those early investors knowing Bitcoin becoming popular and reached the very high price today.

Only few people who thinks that is was a good project that could developed better and known among more people. Once the price increased to $500, investors realized that Bitcoin would go far beyond their imagination.

That makes them invested more money to Bitcoin, they realized more Bitcoin means more profits in the future. Many already proved that in the last ATH by selling some of their Bitcoin investment, that profits cover their initial funds at beginning. Perhaps they are doing all of the option and hope making big profits in the future.

[C10H15N]

The tech sounded cool and I wanted to F with it.

BTC started to become too valuable to risk so I stashed it and played with altcoins (LTC and DOGE) instead.