How was your first Bitcoin experience? - page 3.

xSkylarx

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Quote from: rojan on September 08, 2023, 03:23:24 AM

Quote from: leonair on September 07, 2023, 01:51:35 AM

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.

bayu7adi

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dont be greedy

Quote from: Reatim on September 07, 2023, 06:36:16 AM

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.

savetheFORUM

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Quote from: fuguebtc on September 03, 2023, 09:39:28 AM

Quote from: icalical on September 03, 2023, 07:42:01 AM

My first encounter with Bitcoin and this forum was kinda embarrassing, some of members in this forum might now a ponzi scam project called Bitconnect, one of my relative joined this cult --before it turns into scam definitely-- and they try to promote it to me. I know it was too good to be true, and then I do some research on it, then I found about Crypto, Bitcoin and then this forum. I actually mistaken Bitconnect and Bitcoin the first time, I thought both are the same.

That's nothing to be ashamed of, I was also someone who knew about bitcoin through investing in bitcoinnect, which was a big project at the time. One thing we need to know is that ponzi projects or HYIP investments were very popular at that time so it was inevitable that we would be drawn into those scam projects. Those are just experiences for our investment journey, nothing to be ashamed of. I also believe that not only you and me but almost everyone will participate because then no one doesn't want to make a profit.

Well, we all had our bad days initially when we started our journey with Bitcoin because we were new and inexperienced and scammers used to take advantage of that. There used to be a lot of Ponzi schemes and HYIPs back in the day when Bitcoin wasn't this popular, and a lot of people used to become victims of these scam projects and websites that used to promise big returns on investments and people used to believe in them because the trend was new.

Even I was a victim of such scams when I first started using Bitcoin, there used to be Bitcoin doubler scams and a bunch of others such as cloud mining websites, and investments websites that would return 50% after a month or a week, such scammers used to earn a hell of a lot of money from all this.

Nrcewker

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Quote from: NomiPk on August 26, 2023, 12:32:53 PM

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 was introduced to Bitcoins through gambling only. Back in 2013-14, I searched how to make money online. Then I came across with a video on YouTube which showed that I can gamble through Bitcoins and win many if lucky. At that time Bitcoins were around 400$, and it caught my attention. So I used all my savings to buy the coins and with those coins I played on the casinos. This was my first encounter with Bitcoins, now I am exposed to other aspects of the coins and I am enjoying it.

rojan

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Quote from: leonair on September 07, 2023, 01:51:35 AM

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.

tjtonmoy

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Quote from: fruktik on September 07, 2023, 12:41:01 AM

For some reason, I did not pay much attention to this direction for many years. But everything changed when the price went up sharply. This is where my adventure began.

I just want to quote this line from your post. And I want to say something for everyone who is still new here and starting their journey in the crypto world. We as a human have an interesting thing. As long as something doesn't reach its peak, we tend to ignore it. Then when we become interested when it's at its peak and invest in them, then suddenly it collapses and we think that it was a scam and nothing good could happen from this. What we don't understand is, that once something goes up, it will come down again. And if it has potential, then it will go up leaving everything in the past behind.

This is why in the crypto market, many people invest only when they see that the market is getting green and rising significantly. As I said, what goes up, will come down too. So make sure you do your research and see the potential it has, and always research its history. It could tell you more than you can imagine.

So that's all. It's not a personal attack or something. I have done this too in the past. So just telling everyone from my past experience what we should do in order to get the best out of our investment.

Reatim

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Quote from: NomiPk on August 26, 2023, 12:32:53 PM

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.

my first bitcoin experience is when a close friend/relative actually introduce this to me but sad to say, I denied it because what I do believe as it is a scam , not until several years after when she presented me His new house and car that he earned from investing and trading here in crypto.
so from that point on? i start investing and indeed now I am earning and has a big chunk that waiting in my folio once the bull comes.

Fivestar4everMVP

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Quote from: NomiPk on August 26, 2023, 12:32:53 PM

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.

Nothing special about it to remember I guess or suppose, the first Bitcoin to enter my wallet where in satoshies, not up to one full Bitcoin, I think it was around 0.01 Bitcoin which was Bitcoin I gathered for free from different Bitcoin faucets, at the time, Bitcoin was still a little below a hundred dollars, I used this Bitcoin for day trading on Poloniex exchange, at the time Poloniex was the world largest cryptocurrency exchange in terms of trading volume, just like binance is today.

I made some profit trading that supposed little amount of Bitcoin, but I later unfortunately invested the money in a new ico that was launched at that time, it later turned out the ico was a scam and that was how I lost my bitcoins .

dothebeats

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Quote from: leonair on September 07, 2023, 01:51:35 AM

Quote from: bitterguy28 on September 07, 2023, 01:20:01 AM

Quote from: NomiPk on August 26, 2023, 12:32:53 PM

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.

Not sure if I remember it correct, but there was this gambling platform that a friend suggested me to play , as she does not tell me that it is not a Fiat site in which made me dig how to deposit and play.
and thats how I remember engaging with bitcoin , I don't know if my cousin who first introduce me or some other friends .

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

They are not blaming Bitcoin for it. They are just sharing their experience of their first encounter with Bitcoin, as OP did not state that it should be a Bitcoin investment experience. You have to remember that this is the first encounter they have of Bitcoin and they do not even know at that time that they are not using fiat. In the same way, others are sharing their first encounter with Bitcoin as not being an investment or a trade but simply just hearing about it. Why are you even blaming them when they are just sharing their experience? I'm sure by now they know how Bitcoin investments work so you don't have to tutor them about it, seriously. Let us not act as if we were already so knowledgeable about Bitcoin the first time we heard about it. Please focus on the point of the original post before replying to other's replies. You are starting a whole different discussion here that is not even connected to the original point. We are sharing our first experience in Bitcoin here in general, not investment.

KiaKia

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I played faucet hunting for almost two years and I jumped into airdrops later, this was actually how I made my first hundreds of dollars through crypto, by 2018 I was fully ready to buy my first set of crypto miners but I lacked some knowledge about what to mine, I thought it was too late to mine Bitcoin So I instead look for the next Bitcoin which was wrong because nothing else became the next Bitcoin till today.

I learnt the hard way as many coins I mined are all dead, the only old coin that I knew them is Flux which managed to survive, then I went back and start learning why some projects sucks so much and why Bitcoin is the best, this was how I least that mining Bitcoin should have been my goal instead of looking for other coins that could become the next Bitcoin.

I also lost a lot of good altcoins like Dogecoin and Ethereum because I chose to use free wallet, a bad crypto wallet that's a completed custodial wallet, but I never knew about non-custodial and custodial wallets, all these lessons took place because I failed to learn first, hope this help some beginners out here.

MarjorieZimmermanGinger

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Quote from: NomiPk on August 26, 2023, 12:32:53 PM

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 to know bitcoin from a friend and maybe at first there wasn't anything positive that I could find in it, but over time I started to learn how bitcoin can provide a way of financial freedom for anyone if it's applied the right way. In the past, my family was part of people who invested in gold and that was the first investment method taught to us by our parents. There are no savings in the bank and no other investment systems that are taught to us as their children. In short, I'm starting to see that gold doesn't provide a fair return from the investments I make even though gold doesn't depreciate the money we place.

I started to take an approach to bitcoin and slowly started to add little by little to my investment in it, until finally I saw the first ATH of my bitcoin investment. It was until then that my trust in bitcoin increased which made me continue to collect bitcoins regularly even if I used small or occasionally large capital. But to be honest, I still hold gold as one of the investments that I have made until now and maybe the amount is not too big because I have to adjust my daily needs with some investments in bitcoin too.

2Pizza410000BTC

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Quote from: NomiPk on August 26, 2023, 12:32:53 PM

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 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.

leonair

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Quote from: bitterguy28 on September 07, 2023, 01:20:01 AM

Quote from: NomiPk on August 26, 2023, 12:32:53 PM

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.

Not sure if I remember it correct, but there was this gambling platform that a friend suggested me to play , as she does not tell me that it is not a Fiat site in which made me dig how to deposit and play.
and thats how I remember engaging with bitcoin , I don't know if my cousin who first introduce me or some other friends .

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

bitterguy28

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Quote from: NomiPk on August 26, 2023, 12:32:53 PM

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.

Not sure if I remember it correct, but there was this gambling platform that a friend suggested me to play , as she does not tell me that it is not a Fiat site in which made me dig how to deposit and play.
and thats how I remember engaging with bitcoin , I don't know if my cousin who first introduce me or some other friends .

fruktik

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Quote from: tjtonmoy on September 03, 2023, 02:11:04 PM

A guy introduced me to Bitcoin. Well not particularly Bitcoin but cryptocurrency. I had a misunderstanding back in the day that just because the price of a Bitcoin is so high, making any transactions will cost me more fees than other altcoins. So I stick to the Binance smart chain, tron chain, and polygon. I avoided Ethereum too. Then the more I learn about Bitcoin, the more I get to know it. So slowly my whole understanding about crypto currency changed. I moved towards Bitcoin and now I entirely avoid altcoins.

So that was my first experience with Bitcoin. Nowadays, if I ever get any other crypto except for Bitcoin, I convert them to Bitcoin and HODL. Life is going great.

There was another person who avoids the Buterin project. You are doing everything right. There is nothing to contact him. Let him continue to go about his business and not climb into the crypto world.
He himself decided that investing in Bitcoin is the most reasonable idea. I don’t even remember when I first learned about the crypt. I also remember when Bitcoin cost only a few hundred dollars. How long ago was that?)
For some reason, I did not pay much attention to this direction for many years. But everything changed when the price went up sharply. This is where my adventure began.

libert19

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I have vague memories. I think I came across Bitcoin word for first time back in 2011/'12 from an Indian forum called ethicalhavoc. Then there is blank, and now I remember doing IPL sports betting on directbet and loving it, have fond memory BTC having price of $150, Dash and LTC hovering around couple USD. Dunno how I got funds to fund these bets Grin

jeraldskie11

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It's been quite some time since I earned my first Bitcoin. It's the result of my efforts in crypto, as well as here on Bitcointalk. Around 2017, I invested my Bitcoin into a specific currency because I believe it will be successful in the long run. The idea was really promising, and I conducted some research, but sadly, the project turned out to be a fraud. That was the first and last time of having Bitcoin. I learned a lot from it, and I'm still hope to return there soon.

JoyMarsha

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I can't say much about how I got my first bitcoin experience, all I can say and remember is that my first bitcoin experience started from this forum and it was through the signature campaign I joined last year. It happened that I was paid $20 worth of bitcoin and $20 worth of the project token I was promoting at that time as a full member.

Looking back on that time till now with how long I have gone with my accumulation of bitcoin, makes me feel more alive because bitcoin investments have given me a good reason to put a smile on my face each passing day. No regrets made

Juse14

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Duelbits

I was one of the people who got bitcoin from sending out referral invitations, and at that time the Point Blank game was quite popular so I wanted to get it and exchange it for game vouchers, to be honest in 2011 and 2012 bitcoin had no value, and I thought that day Bitcoin is like diamonds in general in the game world as a means of exchange for getting items, and never thought that Bitcoin was a currency or a place to invest, I still clearly remember that I could only collect 13 Bitcoin coins, but at that time it was still worthless. so i let it be.

After some time I moved from the city area to the village which did not have much internet access and computer rental, I had to go to the city if I wanted to play PB, but I couldn't because I still didn't care because at that time and I was still in high school and also no longer in touch with economic problems or anything related to bitcoin information because I don't have a cellphone.
In 2015 I heard that the bitcoin price had soared and it had exceeded $200, I remembered my bitcoin, but after checking, the bitcoin in my account wasn't there, I don't know where it went, that was the first experience of getting to know bitcoin which made me quite annoyed to this day. lol Cry

bayu7adi

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dont be greedy

I became acquainted with Bitcoin in 2014 and attempted to acquire it through faucets. I played around with faucets for a few months, but unfortunately, I forgot where I stored them because the amounts were minuscule.

Then, in 2017, I made my first purchase of Bitcoin and stored it in my online wallet, specifically the Blockchain.com Wallet (although I no longer use a wallet from Blockchain.com due to recommendations from friends in this forum).

I bought Bitcoin using the proceeds from participating in several altcoin bounties, and this purchase was entirely based on the crypto community's advice in my country, which advocated holding Bitcoin over altcoins. Thus, I decided to acquire BTC and began learning the basics of security. All of my lessons came from this forum as well, including the use of the Electrum wallet, which was widely recommended by users here.

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