Topic: The purchase Bitcoin during its early stages. (Read 412 times)

But it will only come if you can predict the future upside in Bitcoin. there are people who are not sure that the increase in Bitcoin will be like this and some people are sure that Bitcoin will become a virtual currency that will change the fate of a person later.

There are investors who buy bitcoin for long-term investments of 10 years or more. In this case, they don't try to sell bitcoin when it hits its new ATH, but hold onto it regardless of bear markets. But there are those who try to sell bitcoin every time it reaches new highs, this gives more chances if their capital is not very large and in this way they try to accelerate the growth of capital and increase the amount of bitcoin. But this is already more like long-term trading than investment, if you have enough knowledge and experience for this, you can do it, if not, then it’s better not to risk it, because you can waste time and lose precious satoshi.

That is if he still have his bitcoins which he only collected in the faucet because normally, faucet hunters are selling their coins in a short period of time. They only get it for free so there is no hard feelings even if they sell it a lower price and then the price pumps after.

Faucet hunters does not stop on claiming even though the rates are already lowered. Another thing that motivates them is that some faucet sites have a twist like what we saw on Freebitco. There are still some faucets who are alive up to this date, it's just that there are now so many additions (earning opportunities other than faucet) which rates are much better so people prioritize them more.

'OP' you may not know that no guarantee is required when purchasing bitcoins. Because Bitcoin is a virtual currency that all investors have confidence in. But while buying something no one will give so much guarantee that you can buy it at your own will. Bitcoin was at a point in the past when its value was so low that anyone was interested in buying Bitcoin. But even then people invested in Bitcoin without any guarantees. And now seeing the position of Bitcoin, people are more likely to buy it. Interested. And there is no risk in investing in Bitcoin. So no guarantee is required to buy bitcoins rather people invest on trust for a long time. Various pundits are promising that Bitcoin's future is bright and most people in the world are willing to buy a fraction of Bitcoin without any guarantees.

This is difficult because early adopters of Bitcoin took significant risks to obtain Bitcoin because it was risky and no one will know what will be the future of Bitcoin. Only a few people before using Bitcoin and no one expecting the price of Bitcoin right now versus before.
Since me, I was only introduced to Bitcoin around the year 2017, I can say that the riskiest action I did to purchase Bitcoin is to use my life savings or hard-earned money to buy Bitcoin.

Not only in Bitcoins, but whatever asset you buy for the first time, the risk involved there is always more. So yes kuddos to the ones who bought Bitcoins at early stages. I remember, I also bought some coins at that time, and sold it when Bitcoins reached 1000 USD. So yes at that time, we didn’t knew Bitcoins will grow into such a big commodity. Now we have seen what are Bitcoins capable of, hence should invest now with proper calculations.

Maybe more to trust in Bitcoin. Despite the initial pepper, many factors influenced me not to invest in Bitcoin, related to the very high risk, underlying fundamentals, rumors in the community, and various negative news by the media.

But on the other hand, the desire to set aside money to be able to invest in Bitcoin must be just a little bit has given me more strength to dare to take this risk. and finally here it is now. Bitcoin is indeed risky, but on the other hand, Bitcoin is very promising, especially for me who wants a long term holding.

Lucky to those who take risk on buying and holding btc on its early stage, they surely gain a big profit, taking risk is not easy specially on those years that btc is not so popular, who knows bitcoin will come this far and with a great value, because if i know that bitcoin will rise very high i will buy and hold it to also earn profit.

Nothing because it's something we all think about and because of the possibility it holds for the future. Additionally, your faith or belief in it.
After learning about Bitcoin and our shared interest in it—which extends beyond technology—many simply took the chance and believed that there would be something worthwhile to share. They may also have considered the profitability that Bitcoin carries due to its characteristic of volatility. Everyone witnessed that, and after doing a little study, it's likely that our eyes and minds coincided in the middle of it.

As far as I'm concerned investment is definitely risky ,But with every investment if there is a profit, there is also a loss associated with it. Every person wants to invest in a place where the risk is minimal and surely investing in Bitcoin is the most reliable. Bitcoin seems like the least risky investment to us now, but when it first came out, not many people would have trusted it.

If someone had told me about investing in Bitcoin in the early days, I would not have believed it at all Because no one predicted the success of Bitcoin. Now that bitcoin is the controller of the entire crypto market, now everyone finds bitcoin investment as the most reliable.The biggest risk was taken by those who initially invested in Bitcoin, and the biggest profits are also made by the early buyers.

I think all the actions in cryptocurrency are risky a bit, since nobody knows what is going to happen with crypto and fiat... All investments have a gambling compound. As for actions I regret doing in the past... I sold BTC to get 500$ in 2016, it was not a good idea...

Nostalgic indeed. Have also tried faucets before and I'd say profit is the same as with the present; we just tend to overlook the amount of BTC being claimed right now over the amount before. I also moved from faucet to airdrops in order to generate profit. But in comparison with present and the past, for sure it is now harder to get an amount from investment-free sources and that is I think normal since prices are getting higher as years go by.

For sure many of us have the regret of selling at earlier points in this industry and that is I guess a normal response since no one had the assurance that its market value would be as big as the ATH. And we tend to now give more attention nowadays because of the seen and proven potential of cryptocurrencies as an asset.

Well, if you used to claim Bitcoins from faucets back in the day when the price was only around $300, then you might have collected some Bitcoins worth selling right now when the price is quite high, but as soon as the price went high, the claimable amounts from faucets became too low that people stopped using them and it ended the era of Bitcoin faucets.

I was one of the users who used faucets when the price of Bitcoin was at $400, I still remember I used to use faucet rotators every day to claim Bitcoins from every single faucet website available and could barely get $1 a day since the price wasn't so high at that time.

If it's related to Bitcoin, nothing. Luckily, in my opinion, everything related to purchasing investments in Bitcoin is still under-control, not following the hype when the price is rising, or panic buying at a certain price. And so far, it has never occurred to me to use money that is beyond my means, especially never using borrowed money. Because this would really be risky.

But the thing that is certain and has happened is my fault for being too greedy to reach a certain target and it has not been achieved, but it has dropped far until now. But luckily this is an investment in Bitcoin. As long as we don't panic to sell it, then my Bitcoin amount is still the same and what I have to do is be patient, waiting for the bull run later.

Every investment become risky when you do it without proper analysis and education. But if you got all the required things then i don't think your investments become unconventional or risky even if you are buying BTC. For example, we all know BTC will cross it latest ATH of around $69k and when that will happen, a new ATH will be set and all the indicators show that it will be above $100k.

How an uneducated person with less or no knowledge could believe my statement? Like i was reading about halving today to write an article and my cousin was sitting beside me and he asked what it is and i started to tell it;s about BTC halving and how BTC will cross $100k for sure in the future and he was like " what if the company ran away with your money" i was stunned for like 5 seconds then i asked him what do you know about BTC and what if i taught you he said, no i am busy in-game (showed no interest even i could clear his all doubt) But i can not force him to learn about it because as Mandalorian used to say "this is the way" (haha).

The point is, if someone has the knowledge then he/she knows the risk will be reduced and the lack of guarantees and promises that you aforementioned has nothing to do with BTC in fact it has to do something with your knowledge and mentality about BTC based on your past experience or knowledge (again). The answer to your main query is--> i haven't bought BTC yet instead earned them and don't have the courage to sell them now.

The most risky IMO is the crowdfunding created by random developers.  They just come out of no where, propose an idea and ask people to fund it without giving their identities.  I find it very risky because there is no assurance that the project will commence after gathering the needed money.  There are lots of this kind of case happened in the previous year and it still come popping out every now and then.

Though investments always have risks, we should learn how to manage risks by knowing the important factors to check in order to avoid unnecessary risks.  I would not deny that Bitcoin in its early years can be labeled a high-risk investment but as the market foundation becomes more stable, the risk coming from Bitcoin investment becomes lesser and lesser.

Just like nobody can guarantee that you won't get cancer tomorrow, or that you won't get hit by a car next time you walk around town, or that you won't choke on your food and die...
Nothing is certain but death (and maybe taxes, but I haven't paid my taxes a few times and I'm doing fine), so don't make it sound like no guarantees is something that is slowing down bitcoin adoption, or making people scared of it. There are also no guarantees that they will keep their jobs, or that their currency will not hyperinflate.

Most investments are risky, so Bitcoin is not the most risky investment. In the early days of Bitcoin, I did not buy tho but I want to believe that its acceptance would not be easy however, the people that believed in it faced it head-on and some got the dividend because nobody can ascertain when BTC will be at its maximum.

I became aware of Bitcoin through taking part in high-risk investment programs, also known as HYIP. At that time when Telegram had just launched, there was a well-known HYIP website that created a Telegram investment bot. I bought my first Bitcoin to participate in Bitconnect

Oh

Just trust, I remember that time people always think of bitcoin as the money that we can only get to faucet and HYIP. Many times I have a loses because that time I am addicted to HYIP, early stages of bitcoin has a lot of doubts from its investors, I found bitcoin when it is at 400-500usdt only, now long at how it grows and how many people all over the world accepts bitcoin.