Topic: What got you hooked on Bitcoin? - page 2. (Read 4437 times)

The story so far......
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April 2012  Silk Road curiosity brought me through TOR (I never bought anything, thought the whole idea was different)
               Paying with bitcoins intrigued me
May  2012 Started doing some reading
               more reading
June 2012  several weeks later I've done the sums and worked out THIS IS PROFITABLE!
July  2012  Got a Bank Loan
                Spent $4,500 to $5,000 setting up a 8.5GH/s setup
Sept 2012  Pre Ordered a BFL SC
Oct   2012   Already paid off 30% of my initial investment


A little ways down the road...
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? ?  2012      Receive BSL SC
? ?  2013      pay off my debts


WAY down the road...
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? ?  2020ish  Be rich as hell
? ?  2030ish  Invent the ? ? ? ?, become the world's first trillionaire


 

u are right   But i,ll still would like to pay my mortgage in BTC thats would be the ultimate freedom for lots of people.. then i will have a big BTC bankaccount  and F2ck the bank after that ....that will do it to for me 

I would not change my precious bitcoins to crappy paper money, unless it is to introduce new people to bitcoin... I don't understand those who want to "cash out". Bitcoin is the best form of money, why change it to some crappier alternative (unless you want to short-term speculate).

You got that wrong... in 2016 bitcoin is the cash.

Create money, yeah right i thought..   now i am mining and am creating money...thats a cool thing...
I will cash out in like lets say 2016 or so hopefully the coin price is up then..so it,s sort of an investment or saving in the longrun thats what made me hooked..not the quick money...and i now know how stable linux is... etc. etc

The world economic climate and latest news about that.

I heard about bitcoin back in 2010. Didn't pay it much mind back then. Honestly didn't fully grasp the idea, nor understand it. Bitcoin? Huh??

Ran across it again doing a search for something random. Dug a little deeper. Things started unfolding. A light bub lite up, and I started my journey.

Only been at this for a month. But in this month I have done nothing but live and breathe bitcoin every waking moment. Still much is needed to be learned

This truly is a revolution I want to be apart of.

A company I work with started accepting and paying in bitcoins and since the payment is almost immediate as opposed to waiting 7 days for an ACH I can get my money and the get a MP card for emergencies like groceries and gas. I still report my income that goes on the MP card so it's not like I'm cheating any system. It all ends up in the same place after taking out taxes - feeding another person's kid before feeding my own >.>.

I also want to start a horror fiction site and take donations with bitcoins, but I don't know if anyone would be interested in paying.

I heard about bitcoin recently on Bryan Micon's Donk Down radio (I'm a poker player). Micon piqued my curiosity just enough that I decided to read a little more about it. Next thing you know I was binge reading everything I could get my hands on about bitcoin for days on end.

I figured I'd buy a few hundred coins (at ~$10) and fling some of them at the GLBSE. So far the prices on most of the mining bonds I bought have been dropping, but thanks to the rising price of BTC, I'm up slightly on my initial investment (fyi I've been liquidating many of my holdings).

I look at bitcoin as a legitimate revolutionary movement and I'm stoked to be a part of it.

Virtual World currencies (Linden), the gateway drug  

Found out about it in May 2011, instantly understood what it meant (thanks to SecondLife experience), and was hooked. Bought a bunch at $6, then at $12. Read Rick Falkvinge's article about its potential, and about how he moved his savings into it (I heard he cashed out before the crash). After that article, made the decision to use Bitcoin as my main short-term savings account. Bought at $14 and $16, bought A LOT at $22, then continued to buy about the same every two weeks with every paycheck as it kept declining all the way to $2.50. Never stopped believing, and kept buying, then kept doing that as it came back to $5, $7.50, $10, and so on. Despite the rise and crash, thanks to "dollar-cost-averaging" my savings account is worth thousands more than the USD that went into it. People laughed at the crazy risky idea, but my "short-term savings" of a few $k used for vacations, emergency fund, and whatnot, has suddenly grown into something that will soon surpass my IRA/401k, and it doesn't look like it's going to stop any time soon. It's been covering some very nice world travel vacation trips for me
Oh, also, the two GPUs I bought in May 11 paid for themselves in two months. I hope the giant ASIC will too.

profitability?

21 000 000 Bitcoins is 2 100 000 000 000 000 satoshi.. and if it's even not enought, the protocol can be change to allow more than 8 decials..

I don't worry about the 21M, therefore, im not sure im right but the last bitcoin will be generated in more than a century !

LOL

Came for the Bitcoin.
Stayed for the weekly dose of explosive scandals, intrigue, and controversies.

Its fun.
The next MMO!

satoshis paper

1. Bitcoin could solve a lot of today's problems

2. People's money - the grand experiment

I Researched the idea to death in March or 2011 - after reading about "crazy people" buying Bitcoin on Slashdot. I started CPU mining right away, I knew it would be big and wanted in.  I talked the idea over with a few people and they laughed at me. My CPU churned away with no reward and Bitcoin fell off the radar.  

I next heard about it trading at $30, and I kicked myself. I then got p...d off that I couldn't CPU min with the new client and the fact I had no Bitcoin. )  so looked into pooled mining and added a bunch of GPU's to half a dozen old PCs.

After that I was hooked.

The idea of markets where barrier of entry is dramatically lower than in any existing markets. Anyone can just start using bitcoin, without any kind of permission, identification or licences.

Saw a Slashdot post in early 2011. Ignored it. Saw another one in May 2011. Downloaded the client. CPU-mined a couple bitcents. Read a lot about bitcoin, and more and more on macro/monetary-econ in general. Bought most of my coins via Tradehill on the way down between $20 and $2. Got more and more hooked both from a theoretical purity standpoint, and the practical ease of actually transacting with bitcoin.

So, I'm hooked, because:
1) I like Bitcoin's monetary properties.
2) The ease of transacting with bitcoin is great.  
3) The ability to fully store and manage my own money. No counter-party risk, no one else can mess with my funds or tell me what I can and can't do with them.