Topic: What do you think of your first contact with BTC? - page 3. (Read 616 times)
my first impression of bitcoin is a strange environment because I used to the fiat system as we all know, we used it on daily basis and we physically used it to pay something in our life, and when the first time I got into the bitcoin world I had to figure a lot of things about the mechanism and the technical system and because of the volatility of its value, I guess bitcoin is an asset for the future and innovation for our new currency system.
The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different.
In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees)
In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees)
If I remember correctly, the first time I made payment using Bitcoin was in 2013, and it was for CryptoThrift. Waiting 10-15 minutes to get the confirmation was new for me, and I was nervous about it initially. Gradually I got used to lengthy delays in getting a confirmation. Back then, there were not much options to spend your coins and a lot of people were wasting their BTC with Satoshi Dice (Bitmit and CryptoThrift were the only market places, AFAIK). Everything changed by mid-2013, when the exchange rates suddenly went up from $5 per coin to $250 per coin.
It's hard to understand that I don't think I can learn everything on it in just one lesson I have to watch a lot of videos on Youtube to fully understand the concept of Cryptocurrency, but when I got it I was so excited because of it's potential in the future until now I'm still excited because I already made a profit and continue to make a profit and have seen how the world adopt it.
in 2017 when I started to know bitcoin and even then not directly, but through other coins and had to be exchanged for bitcoins and all I know from people is that it has to be exchanged for bitcoin even though it can also be used for other coins (only found out astray later), because at that time just knowing bitcoin so i just did that and it obviously started with confusion too, but ended up getting it done. even though they did not dare to exchange large amounts for fear of being wrong and only dared little by little for fear, fortunately at that time the transaction fees were not too expensive.
With the journey, I finally learned a lot and began to know clearly and finally got used to it and until now it's safe, although now to get bitcoin it seems that it is a rare item, which is often only altcoins.
With the journey, I finally learned a lot and began to know clearly and finally got used to it and until now it's safe, although now to get bitcoin it seems that it is a rare item, which is often only altcoins.
The first time I encountered bitcoin seems so complicated and exciting at the same time, I am really confused because of the volatility and the market chart, I am also excited because one of my friends has told me to explore this because there is a good opportunity in this community. The first thing I did is I joined the crypto talk but I really dont like the information that they have because most of the posts are really spam just to be paid, so I explore other things and discovered this forum which really helps me gain good information about crypto world.
My first contact with btc is...confusing lol. I don't know anything about bitcoin, and it's still new that time, not that many article that explain about it too in my language, that i can read to understand it comprehendly. However as time passes by, oh well i guess bitcoin is quite nice, except the fact that the transaction fee can be insanely high and nonsense though, which is my only complain regarding bitcoin. However, still understandable and acceptable. At first it's just like complicated confusing thing, but now i kinda adapted to bitcoin already.
The first time I contacted BTC is only last year, I am a student at that time so I wasn't able to invest especially when the price goes down too deep to $3900 but it is okay maybe that is not the right time for me and I know that there are still a lot of chances for me in this world of crypto, I really like this cryptocurrency because with this I was able to earn money unlike on fiat currency that there is no way to earn money unless you will have a work physically which requires age to get hired.
the first time I knew bitcoin like a normal person, I thought it was just a toy coin that could be exchanged for money just like you play in a toy place and then get a coin, this time just by the name of bitcoin, but I remain interested in it, I tried it and until now I still learn it.
Great to know that you’re the one of the luckiest people in the world to immediately knew about BTC, not all people know about this and I think we’re blessed to knew the currency of the future. First time I knew it, when my colleague asks me do I know about BTC and the way he speaks to me about the BTC the more I convinced to try it. I immediately knew that it’s the currency of the future. I know that BTC will surely dominate the market, still didn’t lucky to buy at least 1BTC back in 2017 when I the first time I knew it but still blessed that BTC helps me a lot financially. 
The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different.
In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees)
That your explanation of electronic payment is wrong, electronics payments are available to be used in most places around the world, and there is no difference between electronic payment and Bitcoin, Bitcoin is also an electronic payment. The meaning of electronic payment stands non-cash transactions that are done without the need for a paper check or physical cash.In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees)
There are lots of electronic payment methods around these days, Bitcoin, PayPal, Payoneer, and a lot of them. The difference between Bitcoin and other electronic payment methods is decentralization; while other payment methods can’t function in all the states/countries due to one reason or the other, Bitcoin can be used anywhere around the world, whether legal or illegal.
The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different.
In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees)
My frsrt contact with BTC? well like majority thinks ? that this is just another scam or lies because those time i don't even believe in E-payment method .In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees)
Just recently when i realized that E-payment is also good method of payments because like BTC i only tend to hold and just in sometimes that i let this used for paying some bills or if there is a establishment that accepts BTC as payments.
The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different.
In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees)
Your e-transaction are settlled by a third party which is your bank and act as an intermediary and can always block your funds if you have not valid proof for your income source.But on the other side you can globally make transaction with Bitcoin without any third party and low fees which is not the case with fiat currencies.In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees)
Government can change denomination of notes,can ban your funds, confiscate your money in banks but they can't control your funds in non-custodial wallets and can't ban Bitcoin at any cost.They want to make joint effort to shut down internet which is not possible in any case as World could not function in its absence but still the offline transaction will can be conducted on bitcoin network.So that's btc for you.
If you actually know the usage of Bitcoin then you would not have compared it with the legal fiat of any country as they both are different in nature though similar use.
The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different.
In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees)
My frsrt contact with BTC? well like majority thinks ? that this is just another scam or lies because those time i don't even believe in E-payment method .In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees)
Just recently when i realized that E-payment is also good method of payments because like BTC i only tend to hold and just in sometimes that i let this used for paying some bills or if there is a establishment that accepts BTC as payments.
What's great about it is, people can transact using BTC whether their governments are for it, or against it. 
That's the power of having an actual decentralized asset. They can illegalize it, but they can't technically ban it.
It's this feature that is preventing those governments banning BTC from crippling the finances of their citizens. The worse any dictotarial country can do is ban but can't prevent it's people from using it. That's the power of having an actual decentralized asset. They can illegalize it, but they can't technically ban it.It's this same advantage that saved Nigerians at the time when the country's government banned Bitcoin because it wanted to prevent any future demonstration or rebellion after the stauch #endsars protest that rocked the country and gave the government more than what it bargained for. I believe in the next few years from now, any announcement of countries banning Bitcoin or cryptocurrency won't be shaking anyone again as people would've have got used to the fact that government can't destroy Bitcoin.
the first time I knew bitcoin like a normal person, I thought it was just a toy coin that could be exchanged for money just like you play in a toy place and then get a coin, this time just by the name of bitcoin, but I remain interested in it, I tried it and until now I still learn it.
What's great about it is, people can transact using BTC whether their governments are for it, or against it. That's the power of having an actual decentralized asset. They can illegalize it, but they can't technically ban it.
You're absolutely right, It's been often in my country to hear that bitcoin is immediately banned. But there is no bad change, bitcoin but in demand, used, until in my country declared bitcoin is a commodity money authorized. And now in my country many cryptocurrency projects are growing.
[moderator's note: consecutive posts merged]
In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees)
What's great about it is, people can transact using BTC whether their governments are for it, or against it.
That's the power of having an actual decentralized asset. They can illegalize it, but they can't technically ban it.You're absolutely right, It's been often in my country to hear that bitcoin is immediately banned. But there is no bad change, bitcoin but in demand, used, until in my country declared bitcoin is a commodity money authorized. And now in my country many cryptocurrency projects are growing.
[moderator's note: consecutive posts merged]
The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different.
In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees)
Countries cannot ban bitcoin, they can limit its sources but they will not kill it. Its the essence of the growing community of bitcoin when its first launch in the world of cryptocurrencies its name nailed it in most of the countries in the world and some make it one of their profits. In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees)
Bitcoin certainly cannot be banned. This kind of benefit to people is difficult to prohibit. The first contact was during school. I understand that this will be the currency of the future, and I have re-understood it.
The first time I came into contact with BTC, I felt that there was little difference between e-payment and BTC. However, with the gradual understanding, e-payment and BTC are becoming more and more different.
In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees)
In essence, electronic payment is the circulation of legal currency in one or some countries, while BTC is the circulation all over the world（ If every country agrees)
My first contact with Bitcoin was back in 2015.I received 1 Bitcoin,valued at around 300USD back then,and I sold it immediately for funds in my Skrill account.I was afraid that the Bitcoin price will collapse.
I didn't care about blockchain technology,decentralization,anonymity,etc.I just wanted an alternative to PayPal and I though that BTC seems like a pretty decent one.The BTC transaction fees were pretty low,back then.
Being honest, I found bitcoin because my friend introduced it to me that it will help me financially.
At first, I thought that this will make me super rich but I was wrong. Without hustle and diligence, you will never succeed in cryptocurrency investment.
Bitcoin is mainly used in transaction but this is also a source of profit in trading or in holding so it is you choice on how you will make bitcoin productive for you.
At first, I thought that this will make me super rich but I was wrong. Without hustle and diligence, you will never succeed in cryptocurrency investment.
Bitcoin is mainly used in transaction but this is also a source of profit in trading or in holding so it is you choice on how you will make bitcoin productive for you.
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First impression matters alot, I guess that's why many people are misunderstanding what bitcoin is all about because they first came in contact with it from a scammy way like the doublers, ponzi and multi-marketing scheme all over the internet, some even invested in the crowdfunding romising mouth watering returns and decieving gullible investors into patronize them because of greed or ignorance.
Although my first encounter was from a negative medium which is ponzi scheme, it took determination and willingness to learn what the technology was all about for me to continue the search for understanding when everyone else was crying and condemning the currency
Many people don't have that in them, so it's quite understandable when they see bitcoin with a negative mindset.
The main difference between Bitcoin and fiat currency in electronic payment is decentralization, and there is no need to go through an intermediary. More convenient international transactions and more secure anonymity are the advantages of Bitcoin, and Bitcoin can do everything that legal currency can do.
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