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Topic: What inspired you to buy BTC? (Read 754 times)

hero member
Activity: 2688
Merit: 540
DGbet.fun - Crypto Sportsbook
May 19, 2020, 04:21:52 PM
#69
What is my inspiration?

My inspiration is that Bitcoin is always bring good vibe even though the price was going down but at the end it's all going the same, Bitcoin will recover no matter what is happening in this world. Unlike other coins that after they experienced a great crash, they won't recover after that but Bitcoin doesn't affect that.
Theres no question about bitcoins potential when it comes to long term aspect and yes we have seen all the ups and downs of this crypto market but
btc is still on the top rank and we know that this is the father of all cryptos so its just normal to see that it would really be on the top and commonly
been supported by the community thats why no matter how the market is fucked up it do still managed to recover no matter what.
Ive been accumulating btc since when i do step into this market
hero member
Activity: 2814
Merit: 526
Undeads.com - P2E Runner Game
May 19, 2020, 03:47:27 PM
#68
What is my inspiration?

My inspiration is that Bitcoin is always bring good vibe even though the price was going down but at the end it's all going the same, Bitcoin will recover no matter what is happening in this world. Unlike other coins that after they experienced a great crash, they won't recover after that but Bitcoin doesn't affect that.
sr. member
Activity: 2828
Merit: 344
win lambo...
May 19, 2020, 07:11:29 AM
#67
What really inspires into bitcoin is the wide range of possibilities it brings. Imagine some great amount of it for a pizza? And then years after boom! There it is with a great value. It inspires me when you can see something actually works. Not just works but beyond expectation. From nothing to the pioneer of cryptocurrency? That's just really inspiring for me.
In general, we are greatly expecting (huge) returns.

At first, only a few have noticed the potentiality of bitcoin (that was 10 years ago) but when the market started to grow every year and having wide-spread adoption it attracts attention globally. And it was then giving a nice and big surprise when it once reaches to its ATH last 2017. No wonder how people having regrets seeing Bitcoin before but it is only just ignored. I don't think people will still be doing like this for they have some hints that it rises up high again in the future.
full member
Activity: 292
Merit: 102
Bounty Detective
May 18, 2020, 09:52:10 AM
#66
What really inspires into bitcoin is the wide range of possibilities it brings. Imagine some great amount of it for a pizza? And then years after boom! There it is with a great value. It inspires me when you can see something actually works. Not just works but beyond expectation. From nothing to the pioneer of cryptocurrency? That's just really inspiring for me.
legendary
Activity: 2478
Merit: 1951
Leading Crypto Sports Betting & Casino Platform
May 17, 2020, 04:29:59 PM
#65
This question (and its results) would be very interesting if it is divided into two questions:
1.) What inspired you to buy BTC when you found out about it?
2.) What inspires you to buy the BTC now?

I can assume that the answers to the first question would be more diverse since almost everyone will answer the second question: I want to earn money from this and become richer  Smiley

Indeed becoming rich would be the primary reason, and that's what everyone is aiming for.
Another answer for your first question would be the convenient use of Bitcoin upon transacting with people from around the world.
While the 2nd question remains the same with the primary reason , only thing is they become more inspired because of the block halving hype lol Grin

I think the answer to the first question is more than just another opportunity to conveniently pay people on the Internet. I think the most important thing is the idea of ​​decentralization and the creation of a monetary system that would directly belong to people. A kind of invention of financial democracy. Unfortunately, we can say that these ideas are almost all in the past  Sad
full member
Activity: 1890
Merit: 101
May 17, 2020, 03:57:42 PM
#64
my friend who inspired me, I've posted this too, in 2017 I was surprised to see my friend who didn't work but made money, then I asked him and he told me, the money came from the sale a little Bitcoin

at that moment I find out what Bitcoin is, then buy it with my savings, and in 2018 I sell the Bitcoin that I bought and make a pretty big profit
hero member
Activity: 2926
Merit: 722
DGbet.fun - Crypto Sportsbook
May 17, 2020, 03:57:20 PM
#63
In fact, I used to work at a stock exchange. From there I got involved in Forex trading. Being involved in "stock market and forex" this gives a good idea about the moving average, convergence divergence, relative strength index, ichimoku, fibonacci and many more trading indicators. Then, after being persuaded by some friends and seeing advertisements on social media, I became interested in Bitcoin. As I had a good idea about trading indicators, I was able to make a handsome profit by investing a little on Bitcoin. Since I was able to make a good profit, I leave the stock exchange and felt more interest in investing in Bitcoin
One of the reasons on why i left stocks/forex and switch up to crypto.The volatility is totally different and we know that the higher the movement the more profitable it is if you do able to ride on the waves.
These things cant really be experienced on traditional markets and this is what makes it interesting for those people who do know traditional markets for sometime.I and my friends did actually able to see the difference
and thats what do interest us and until now we do still make money way more that when we are still trading of in forex because even you do just hold then you would really still have that chance on gaining profits
and thats one of the benefits on dealing with this one.
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
May 17, 2020, 03:49:12 PM
#62
In fact, I used to work at a stock exchange. From there I got involved in Forex trading. Being involved in "stock market and forex" this gives a good idea about the moving average, convergence divergence, relative strength index, ichimoku, fibonacci and many more trading indicators. Then, after being persuaded by some friends and seeing advertisements on social media, I became interested in Bitcoin. As I had a good idea about trading indicators, I was able to make a handsome profit by investing a little on Bitcoin. Since I was able to make a good profit, I leave the stock exchange and felt more interest in investing in Bitcoin
member
Activity: 433
Merit: 13
#SWGT PRE-SALE IS LIVE
May 17, 2020, 11:12:54 AM
#61
Bitcoin domaince the cryto market. soon bitoin can be added everywhere as the  method of payment & daily transactions in upcoming future. Of course it will increase more because of its high demand. I thought those when i first know about bitcoin. Now i want to buy because of halving and so i belive bitcoin will pump soon
legendary
Activity: 2576
Merit: 1043
Need A Campaign Manager? | Contact Little_Mouse
May 17, 2020, 04:11:43 AM
#60
I will be honest with this. Bounty campaigns is my inspiration.

When I was a newbie here, I tried to read some of the threads regarding the basics of Bitcoin and crypto. When I knew that you can earn some few bucks here thru bounty campaign, that is what I did so as I'm reading I also tried to earn thru bounty campaigns.

When I got some tokens already from bounty campaigns and sold it, that is the time where I decided to buy my first Bitcoin but I only used a small money. I bought around 10-20$ worth of Bitcoin at around February of 2018 and I used it in trading too. That is the first and last time that I bought BTC using fiat money. Until now, I didn't purchased any Bitcoin because I can earn some thru campaigns here. What I'm doing instead is to buy some altcoins for mid to long term using my Bitcoin that I'm getting.
hero member
Activity: 2828
Merit: 518
May 16, 2020, 06:54:03 PM
#59
I don't think it was an inspiration but I consider this as an opportunity to become profitable. But unfortunately, the market looks different compared before, and that saying profitable is really hard in real life especially when you don't have knowledge in here.
Many we're saying there is easy money in crypto, probably for Bitcoin and that brings a lot of people into crypto. And probably they are surprised how hard it is. For me, it is not the inspiration but the willingness to take the risk and be a part of the community.
hero member
Activity: 2716
Merit: 552
May 16, 2020, 05:32:21 PM
#58
This question (and its results) would be very interesting if it is divided into two questions:
1.) What inspired you to buy BTC when you found out about it?
2.) What inspires you to buy the BTC now?

I can assume that the answers to the first question would be more diverse since almost everyone will answer the second question: I want to earn money from this and become richer  Smiley

Indeed becoming rich would be the primary reason, and that's what everyone is aiming for.
Another answer for your first question would be the convenient use of Bitcoin upon transacting with people from around the world.
While the 2nd question remains the same with the primary reason , only thing is they become more inspired because of the block halving hype lol Grin
legendary
Activity: 2478
Merit: 1951
Leading Crypto Sports Betting & Casino Platform
May 16, 2020, 05:01:06 PM
#57
This question (and its results) would be very interesting if it is divided into two questions:
1.) What inspired you to buy BTC when you found out about it?
2.) What inspires you to buy the BTC now?

I can assume that the answers to the first question would be more diverse since almost everyone will answer the second question: I want to earn money from this and become richer  Smiley
full member
Activity: 1372
Merit: 133
May 16, 2020, 11:31:36 AM
#56
I think that every cryptocurrency user who followed Bitcoin and its development history, noted the most important events for several years. primarily such events were halving of 2012 and 2016, after
 whose Bitcoin price has increased significantly. My friend personally drew my attention to this, after which at the end of 2018 I decided to invest a certain amount of my personal funds in Bitcoin at $ 3,000 per coin. Of course, today I have already managed to earn a certain amount thanks to trade, when the price rose to 13,000 dollars and fell back to 6,000 dollars. but today I expect much more from my Bitcoin thanks to the halving that has already taken place this year.
legendary
Activity: 2996
Merit: 1132
Leading Crypto Sports Betting & Casino Platform
May 15, 2020, 12:30:25 PM
#55
Bitcoin world brought together a lot of before in all these years. I remember people not really seeing bitcoin as an investment at all just 5-6 years ago, people were seeing it like something you could use to spend. A lot of people mined it in early days and when you got it, it was more like sending and receiving.

There was dark market stuff as everyone knows but do not forget that everything digital was on sale at bitcoin world and not used like that anymore. I have literally done game account selling / buying back in the day. I also bought a lot of designs for my logos and all that as well, I hired a coder as well for some jobs I needed. Basically, there has been a million different approaches to bitcoin from the first day until this day and it will probably find some new way as well.
hero member
Activity: 2926
Merit: 567
May 15, 2020, 09:02:49 AM
#54
Well before a decade most of them were not interested to buy bitcoin I feel the only reason could be to stay away from scammers if I am not wrong. People thought they are making fool... And most of them said they may get cheat if some Invest in this coin etc, etc...Now how come the popularity increased and also there were lots of ups and downs in price.

When the value of BTC skyrocketed in 2017 it was the talk of the entire globe, Now guys kindly share me your thoughts what inspired you to buy BTC. Let's be honest to me I want to become rich Grin. What's your opinion.

I come from a poor family who's on the look for a way to change out life, and honestly, Bitcoin gives me a way to change our life, but you can not embrace something you don't understand and benefit from it, you have to learn how it works and why it is being adopted, I learned it and now benefitting it from it, but my main motivation is to make money.
full member
Activity: 1610
Merit: 103
The OGz Club
May 15, 2020, 08:30:35 AM
#53
Limited supply, big demand and bright future makes me inspired to buy btc more and more. Also the most important part that in future I am not able to buy btc because of its huge price so its good to buy cheaper now. Compare with fiat btc giving you good return and better future for my family.
Since when did you buy Bitcoin and hold it? If you bought it while the price was still low I think you are lucky, but now investors seem to have reduced to hold it in the long term, i buy BTC doesnt for hold, i Buy for trading
hero member
Activity: 3010
Merit: 629
May 15, 2020, 05:21:36 AM
#52
Im looking for an investment opportunity hoping to grow my capital. I became aware of bitcoin through my friend, he is a trader back then.

He teach me everything about bitcoin on how it works before I buy using my small capital. Now im a hodler and been doing this for few years already, im holding alts as well because its wise to diversify.
full member
Activity: 1316
Merit: 126
May 14, 2020, 06:30:08 PM
#51
When the value of BTC skyrocketed in 2017 it was the talk of the entire globe, Now guys kindly share me your thoughts what inspired you to buy BTC. Let's be honest to me I want to become rich Grin. What's your opinion.
That was really a mind-changing, not actually people are thinking that thing to happen and a lot missed that surge.
For they are not assuming to happen again and people are now having the interest either but that we also ended into just hope for we know the market don't behave the same way similar to the past.
hero member
Activity: 2184
Merit: 531
May 14, 2020, 04:54:42 PM
#50
I bought BTC long time ago and the most important factor at that time was an investment opportunity.
I heard about the previous halving, had some cash at hand, invested in altcoins first and traded them and noticed that bitcoin is much easier to predict. Less volatile but also less speculative.

I liked that and later as my trading was going well, I became a holder.
full member
Activity: 293
Merit: 105
Love is all
May 14, 2020, 10:49:52 AM
#49
Limited supply, big demand and bright future makes me inspired to buy btc more and more. Also the most important part that in future I am not able to buy btc because of its huge price so its good to buy cheaper now. Compare with fiat btc giving you good return and better future for my family.
member
Activity: 980
Merit: 62
May 14, 2020, 10:47:00 AM
#48
Before I buy my first crypto I was looking a lot the price of Bitcoin.
My first purchase however, wasn't BTC but it was ETH as I thought that ETH is going to overcome BTC - it was mentioned to my as the next BTC from the guy that pushed me to crypto. After some time I thought that I have to diversify my portfolio and I bought BTC as well in order to have both two in my wallets.
full member
Activity: 2520
Merit: 204
May 14, 2020, 10:23:18 AM
#47
Everyone expects bitcoin to rise and it will drag the market up. But before, when the halving event happened, the price of bitcoin was very low and the marketcap of the market was quite small. so it is normal to pump bitcoins up. But now the game is getting harder, many manipulation organizations are joining the market and the manipulation also needs to become more cautious. This halving, I think the price of bitcoin will return to the price of $ 14k or as high as $ 16k.
So whats inspired you to Buy Bitcoin then,because thats what the Given
 question above and you should answer that
 specifically.but what guides me to Buy Bitcoin?of course encouragement
 of friends that first learned about what Bitcoin
 is and how can we earn from this and all they say is all positive and that's
 why i decided to try and yes i made my way
 inside with good deeds.
hero member
Activity: 3136
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Leading Crypto Sports Betting & Casino Platform
May 14, 2020, 09:55:08 AM
#46
When the value of BTC skyrocketed in 2017 it was the talk of the entire globe
The same as mine and those people actually thought that bitcoin was just an increasing asset without any signs of dropping down to look for corrections. I felt good and bad at the same time because before whenever I talk about bitcoin, no one was interested but when they actually saw the value of it going up, they started to become curious. Well, as we know the popular quotes about money talks and the bad feeling was when they started losing interest when they see the value goes down. It inspired me to buy more for personal reasons that I'm wishing someday bitcoin will be par and good as retirement savings.
full member
Activity: 799
Merit: 100
May 14, 2020, 09:05:21 AM
#45
Bitcoin is best choice for investment. Bitcoin can be buy or sell at any time if need. Although nobody can't predict about any Crypto currency but bitcoin can be predict a little bit but  others currencies are totally unpredictable & can be dump without any signal. For this reason, i think bitcoin is safe to buy & there is possibility enough to have good profit
sr. member
Activity: 644
Merit: 252
May 13, 2020, 08:22:27 AM
#44
Well before a decade most of them were not interested to buy bitcoin I feel the only reason could be to stay away from scammers if I am not wrong. People thought they are making fool... And most of them said they may get cheat if some Invest in this coin etc, etc...Now how come the popularity increased and also there were lots of ups and downs in price.
When the value of BTC skyrocketed in 2017 it was the talk of the entire globe, Now guys kindly share me your thoughts what inspired you to buy BTC. Let's be honest to me I want to become rich Grin. What's your opinion.
The only thing that inspire me to buy bitcoin is, there is a possibility that I will gain big profit to it by just waiting the right time. But yes I know it is risky. In that case instead of buying bitcoin using my own money, I just decided to earn then saved it until I already have plenty of it and until the price is high or satisfying for me.
hero member
Activity: 994
Merit: 503
May 13, 2020, 03:25:04 AM
#43
Everyone expects bitcoin to rise and it will drag the market up. But before, when the halving event happened, the price of bitcoin was very low and the marketcap of the market was quite small. so it is normal to pump bitcoins up. But now the game is getting harder, many manipulation organizations are joining the market and the manipulation also needs to become more cautious. This halving, I think the price of bitcoin will return to the price of $ 14k or as high as $ 16k.
legendary
Activity: 3486
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Leading Crypto Sports Betting & Casino Platform
May 12, 2020, 05:29:32 PM
#42
Well before a decade most of them were not interested to buy bitcoin I feel the only reason could be to stay away from scammers if I am not wrong. People thought they are making fool... And most of them said they may get cheat if some Invest in this coin etc, etc...Now how come the popularity increased and also there were lots of ups and downs in price.

When the value of BTC skyrocketed in 2017 it was the talk of the entire globe, Now guys kindly share me your thoughts what inspired you to buy BTC. Let's be honest to me I want to become rich Grin. What's your opinion.
You will not become rich if you do not have special expertise in a field or in any field that can indeed be developed and honest, from the beginning I knew bitcoin until now it never crossed my mind to become rich in this market. Apart from that, at least there was a friend who brought me to the bitcoin market and he succeeded in cashing it at that time, so it proves that bitcoin or trading in this crypto market can really provide an income.
hero member
Activity: 2688
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DGbet.fun - Crypto Sportsbook
May 12, 2020, 04:49:11 PM
#41
To be honest,At that time I don't know about bitcoin. I owe some money to one of my friends. He told me that I can't give you cash. I have some bitcoin USD. You can take those USD if you want. I asked him what is Bitcoin, I thought I didn't get anything from him later. With the help of an older brother, I set up an account at Coin bus. A few days later I saw that my account has grown a lot. The older brother said that sometimes it increases and sometimes it decreases. From then on I started holding bitcoin.
Most of the time it will surely matter into someones curiosity which would mold up into interest then engagement.Basing of into my experience before i jumped in bitcoin where some of
my friends do tell me about bitcoin payment or something and thats the time i got curios because it didnt talk about those traditional payment system like payeer,paypal etc.
and in that time i do start up to do up some research and finding infos about it until i do make myself stick into this market and continue to support it yet
we cant really deny that this one is a great tech that had been invented. Anonymity+ Decentralization? This combo is enough.
hero member
Activity: 994
Merit: 503
May 09, 2020, 02:14:29 AM
#40
Well before a decade most of them were not interested to buy bitcoin I feel the only reason could be to stay away from scammers if I am not wrong. People thought they are making fool... And most of them said they may get cheat if some Invest in this coin etc, etc...Now how come the popularity increased and also there were lots of ups and downs in price.

When the value of BTC skyrocketed in 2017 it was the talk of the entire globe, Now guys kindly share me your thoughts what inspired you to buy BTC. Let's be honest to me I want to become rich Grin. What's your opinion.
I have no feelings for bitcoin, I only buy bitcoin for profit. or for potential alts and good technology, I still speculate for profit. few people died because of "technology investment". I suddenly realized that this is a very terrible market price and literally a decentralized market. There is no restraint, no law, and we are individuals who fight with each other with everything we have. So be wise, have your own strategy to survive in this market.
hero member
Activity: 1722
Merit: 528
May 09, 2020, 12:47:44 AM
#39
I think we all wanted to be rich.
i think no .  there are people that buy btc because they want to use it for online purpose like playing gambling  ,  send money or recieve to thier love ones , online shopping and many more   .  btc is multi purpose not just for the sake of being rich  but most people i think this is thier reason on why they are involved on here  .  op is also right that people got inspired more during the 2017 season where btc pumps alot   . if not because of this year i think same old people are only involved on here   .

Let's be real though, who uses Bitcoin to do online shopping? You?

Despite the developed technology to make Bitcoin a good method as a payment, to have a fast transaction, people are not really using it as payment. People are using it to gamble, why not, they are gambling for that reason too. The reason a lot of people are wanting to have it is because of the fact that it reacher great price in the past, and they are still hoping it will happen, obviously it ends up there right? Wanting to get a profit from it.
hero member
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Betking.io - Best Bitcoin Casino
May 08, 2020, 09:45:39 PM
#38
Well before a decade most of them were not interested to buy bitcoin I feel the only reason could be to stay away from scammers if I am not wrong. People thought they are making fool... And most of them said they may get cheat if some Invest in this coin etc, etc...Now how come the popularity increased and also there were lots of ups and downs in price.

When the value of BTC skyrocketed in 2017 it was the talk of the entire globe, Now guys kindly share me your thoughts what inspired you to buy BTC. Let's be honest to me I want to become rich Grin. What's your opinion.
I am not dreaming that big to become rich in buying bitcoin instead I buy BTC as a form of savings and hoping that my savings will grow in a certain amount of time that I stored it in bitcoin rather than storing it in the bank that only gives us a very little percentage per year basis. Aside from that I also buy bitcoin if I have something to buy or pay using bitcoin because sometimes I use bitcoin to pay the people that are working under me.

Therefore whether the bitcoin price goes down or up, I have no problem with it as I am planning to hold it like 10-15years from now and I am hoping that bitcoin price will continue to grow so we can also gain a good profit from our investments.
legendary
Activity: 2576
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Leading Crypto Sports Betting & Casino Platform
May 08, 2020, 09:27:31 PM
#37
The things that inspired me to buy bitcoin is my friends who invite me to buy bitcoin in the year of 2017, so we could gained diamonds in the game of mobile legends, but we didn't know about it is that we could used it as our source of income by investing some of our funds. That is why we started to explore in the surface on how could we earn more in bitcoin and cryptocurrencies, until i find this bitcoin forum to earn cryptos and learn more.
This is quite odd to see. Many investors of Bitcoin started out of curiousity seeking for things that could generate income. I am familiar with that game and I don't know that Bitcoin could be used in order to buy things inside such the game itself because I thought it requires fiat based digital currencies such as e-load, and the likes, or maybe that is in my country only. Bitcoin is originally a digital currency but due to the volatility of its market value, it was more used as an investment that gives profit to the investors whenever the market price is in upward motion.
I have known Bitcoin since 2014, and at that time I had not bought it, I regretted it, and started buying it when the price was at $ 1000, precisely in early 2017, but of course I still regretted it because I didn't sell it at All Time High
That is because not all people way back that year expected the market price would be this much after a few years as it started to be recognized by more countries. Same thing regarding the moment its market value reached its ATH, majority of people did not expect that a correction would immediately occur which pulled down the entire market before. Many investors are expecting for a higher market value that time but the opposite happened causing regrets to most of the investors, which made some of them sell their holdings at a low price due to lack of hope that the market will again be able to recover.
sr. member
Activity: 1890
Merit: 252
May 08, 2020, 04:10:29 PM
#36
I have known Bitcoin since 2014, and at that time I had not bought it, I regretted it, and started buying it when the price was at $ 1000, precisely in early 2017, but of course I still regretted it because I didn't sell it at All Time High
sr. member
Activity: 2660
Merit: 339
May 08, 2020, 03:48:55 PM
#35
Also there are a lot of people who are buying and getting into bitcoin because they really believe in what it stands for and I think that was a big reason why it even started to become and increase the price as well. I mean think about it why did the bitcoin was created by the Satoshi Nakamoto himself? Do you really think he just wanted to be rich and that is why he created it? No, it was because in 2008 there was banks and there was government that was basically working to make the rich people richer and they were helping the richer people while not doing anything for the poor people and left the playing field unfair.

So, the purpose of bitcoin was basically just to get bitcoin to be the alternative and if you think government and banks and FED is just working against you and helping rich people, you could move to bitcoin and just keep it there because it is decentralized and they couldn't touch it and that is very powerful.
legendary
Activity: 3094
Merit: 1127
May 07, 2020, 06:25:24 PM
#34
Well before a decade most of them were not interested to buy bitcoin I feel the only reason could be to stay away from scammers if I am not wrong. People thought they are making fool... And most of them said they may get cheat if some Invest in this coin etc, etc...Now how come the popularity increased and also there were lots of ups and downs in price.

When the value of BTC skyrocketed in 2017 it was the talk of the entire globe, Now guys kindly share me your thoughts what inspired you to buy BTC. Let's be honest to me I want to become rich Grin. What's your opinion.
Wayback when im still in college in 2009 where i do initially hear out about btc but my thoughts or things in mind tell me that this might be an another investment scheme knowing that there are lots of
scenarios or incidents that do involved pyramiding scams and other frauds not only in the past but in all the years we've been here on this world.Well, its too late to regret now but it isnt
too late for us to engage with bitcoin yet we know that high probability that this thing will fly up in the future.Its too early to say talking about 10 years of existence.
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
May 07, 2020, 06:10:17 PM
#33
I first heard about Bitcoin in January 2013 when a friend told me about a contraband market site on the darknet called The Silk Road. He was all excited about the cool substances he could buy but all that interested me was this cool digital money they used.

I had long been a fan of decentralization and peer-to-peer networking. When I'd first heard about Napster, it wasn't "oh wow, free music", it was "oh wow free filesharing". Needless to say, Bitcoin was right up my alley. At the time bitcoins were worth about $15 each.

I wasted a month trying to figure out what the scam was, learning about dual-key cryptography, proof-of-work, etc., before I realized it was for real, world-changing new technology with the potential to be to wealth what the internet is to information. I wanted in. By then the price of a coin had doubled to about $30.

I wasted another month trying to figure out how to buy some coins. I immediately sent money to my Paypal account and that cost me another week. I hadn't counted on just how adamantly all the banks and money transferers were against Bitcoin. I used my Paypal funds to buy ASIC mining hardware from Butterfly Labs and continued my search for Bitcoin access. Eventually I found a Canadian exchange, Cavirtex who had devised a sneaky way for me to send them money in less than a day using coded bank deposit amounts with the cents being identifiers.
Soon I was buying 10, 20, 30 bitcoins a day. By then the price had doubled again. I paid $68 per coin.

By the time my money had quadrupled, it crashed down to less than I'd paid but I didn't panic. I'd read my history and knew what had happened in 2011. I sold only a tiny amount (10 coins) at $155 during the "dead cat bounce" and bought back 15 coins at $97 a day or 2 later. That was my only tarding. After that I just kept buying and hodling. By the time it bubbled up to $1100 later that year and then crashed with Mtgox and "China bans Bitcoin" fud, I was already battle-hardened. I did take a hit when I lost 50 coins to Mtgox but I did get a valuable lesson out of it. Do not use online exchanges and do not use active wallets and expose your coins to the internet. Use multiple off-line cold storage addresses and obtain your coins directly into them.

Eventually I got my ASICs and mined a few coins with them before they became totally obsolete. I would have gotten more coins by buying coins at $30 instead of paying $650 for ASICs. Live and learn.

Needless to say, by not selling unnecessarily, my coins have been very good to me. I'm living happily ever after, currently in one of our 5 Mexican properties, waiting out the covid crisis in isolation in the jungle and looking forward to getting back up to Toronto before the rainy/hurricane seasons start. Money is no longer an issue. It's hard to believe I did this all on about $65k starting a few weeks before my 65th birthday.

Thank you Bitcoin.
legendary
Activity: 3654
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www.Crypto.Games: Multiple coins, multiple games
May 07, 2020, 03:54:00 PM
#32
Many people got in because they saw bitcoin increasing like crazy and they wanted to be a part of it, lets not kid ourselves that is the reason most of bitcoin world is here. I got in probably 7 years ago and even at that moment it was because the price went up, it wasn't like this of course, it was pretty low back in those days, however it still had like a 30 to 130 dollar increase and I got in because of THAT increase, some people got in when it was going to 20k, but the main idea stands, people come in when price goes up.

The thing is, some people make profit during those periods, some people lose money during those periods, but in the end they are not leaving, all of them stays, maybe a tiny portion leaves but even the ones that lose money stays.
hero member
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May 07, 2020, 11:28:02 AM
#31
Many of us want to make money from bitcoin, and that makes us try in many ways, not just from trading. That is because people read from many story success from other people that say bitcoin can allow them to make money. That was inspired me too so far, and that is my reason to make money from bitcoin and altcoin. I am sure that if bitcoin price can increase like what we saw before, that can attract more people to come to bitcoin, and try to make money as we did.
sr. member
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May 07, 2020, 07:32:30 AM
#30
There are many types of investors and traders,  there are people who buying bitcoin because they felt hyped, there are people who thinks bitcoin is still cheap,  there are speculators and of course there are technicians. that are relying to the price action of the bitcoin. I'm kind of person who buy bitcoin because of the technical analysis where I have trigger points. I do momentum trader with intraday charts but it is risky especially if I using high leverage.
hero member
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May 07, 2020, 06:41:51 AM
#29
Well before a decade most of them were not interested to buy bitcoin I feel the only reason could be to stay away from scammers if I am not wrong. People thought they are making fool... And most of them said they may get cheat if some Invest in this coin etc, etc...Now how come the popularity increased and also there were lots of ups and downs in price.

When the value of BTC skyrocketed in 2017 it was the talk of the entire globe, Now guys kindly share me your thoughts what inspired you to buy BTC. Let's be honest to me I want to become rich Grin. What's your opinion.

Before a decade?Do you mean 2010?Back in 2010 I had no money,because I was a young university student and never knew that something like Bitcoin is created.I guess that only a few hundred people knew about Bitcoin,back in 2009-2010.I myself have purchased Bitcoins only once.Back in 2015 I bought BTC using a website called Virwox.The fees were high,but there wasn't any KYC and ID verification.
I didn't purchased BTC because of FOMO,greed or to protect myself from scammers.I bought some BTC out of curiosity. The popularity of BTC increased during the years,because:
1.People saw the potential of Bitcoin.
2.Online crypto casinos/dice websites became popular.
3.Speculative investors started investing in BTC.
legendary
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Welt Am Draht
May 07, 2020, 06:27:10 AM
#28
There have definitely been people who only bought it for a purpose, mainly drugs.

There was a poster here who got through tons of drugs at ten buck BTC and then came back a few years later shocked at what had happened in the meantime.

That would stick in my craw.
full member
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May 07, 2020, 06:02:05 AM
#27
I think we all wanted to be rich.
i think no .  there are people that buy btc because they want to use it for online purpose like playing gambling  ,  send money or recieve to thier love ones , online shopping and many more   .  btc is multi purpose not just for the sake of being rich  but most people i think this is thier reason on why they are involved on here  .  op is also right that people got inspired more during the 2017 season where btc pumps alot   . if not because of this year i think same old people are only involved on here   .
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May 07, 2020, 05:53:56 AM
#26
I think we all wanted to be rich.

It is the hidden desire of the people and we are not just talking about the money here, love to new things, love to technology, to freedom and such. The difference here is the time we went in and invested in BTC. The desperation of me to earn a profit while I am unemployed is the reason why I am here, it leads me here. I don't know what will happen but I think I am here for a reason.
full member
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May 07, 2020, 01:05:47 AM
#25
.

When the value of BTC skyrocketed in 2017 it was the talk of the entire globe, Now guys kindly share me your thoughts what inspired you to buy BTC. Let's be honest to me I want to become rich Grin. What's your opinion.
At first of course just like most of us,i bought my first BTC expecting
 that i will Gain Huge amount and at some point
 thinking of becoming rich  Grin but as days passes by and i continue
 to study about blockchain and why this needs
 to be helping people,then i realized that it is more than the money
 to expect but the freedom and the privacy that
 i always ask with the government around me.now i am contented
even how long will it takes before my money
 make a double or more than because what i am thankful is i come
 to learn this and also be the first in my place
to be a Bitcoiner.
sr. member
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May 06, 2020, 11:10:53 PM
#24
Got interested and try buying small part of bitcoin just to prove if bitcoin can be a store value just like others are saying. I saw how bitcoin touched up to $10k before from $3k.

And i got profits from holding some of it.
That inspired me to pursue having a bitcoin investment. And realized bitcoin can do many better things.
What I did is I bought another part of bitcoin and hold it for a long term. Now, I am just waiting for the big pump.
jr. member
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May 06, 2020, 06:42:23 PM
#23
Behind the revolution that the blockchain has brought through BTC, the other things that inspired me is the ability to be responsible and bringing back trust to myself and in addition, to have some profits in trading BTC
full member
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May 06, 2020, 06:02:25 PM
#22
Bitcoin can be trusted as a place to get rich fastly, yeah this thing will be have by some people who buy bitcoin right now. Even I just thinking that most new investment who got interested to bitcoin didn't find a knowledge about the ins and out of bitcoin before they spend money. I believe if this bull run is not continue there will be a lit of thread who stated that they have lost a lot of money because they bought bitcoin.

That is the wrong step to start, I just hope for those who buy bitcoin as of now they will find more the characteristic of bitcoin first. So as in any situation they will not sell and just leave this place. This is why I still stand in this place, when I was newbie I found more about bitcoin until I had a predict that bitcoin can replace the payment system and that was my inspired when I bought bitcoin.
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No dream is too big and no dreamer is too small
May 06, 2020, 05:23:48 PM
#21
Well before a decade most of them were not interested to buy bitcoin I feel the only reason could be to stay away from scammers if I am not wrong. People thought they are making fool... And most of them said they may get cheat if some Invest in this coin etc, etc...Now how come the popularity increased and also there were lots of ups and downs in price.

Me too, buying interest is really far at that time because we are totally in doubt and of course, we can't even see how Bitcoin can make such a surprise. The reality is that people will only be giving their trust if they could see it already and that was it happens to Bitcoin. We miss that day and we missed it at all. There is no coming back, we can't see $10, $100 anymore ( unless if crypto will collapse).

Maybe it serves as a lesson but I'm not also in regrets, it is just in time and knowing that we can't appreciate one thing if we never know it personally. That is why many people still ignorant of this because they actually never know crypto at all.
sr. member
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May 06, 2020, 04:34:41 PM
#20
I most of us here are having the same answer I guess. It was that time when I already heard about Bitcoin with my friend and I can still remember from that time where the price is in hundreds per BTC until one day it suddenly rose up and up and up. I already thought that time—what if I did buy some Bitcoin during that time? But there's no way I would buy during that time since I don't know anything about Bitcoin I just heard it from no knowledge at all. So here we are today I guess most of these folks learned Bitcoin from their friend(s).
sr. member
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★Bitvest.io★ Play Plinko or Invest!
May 06, 2020, 02:50:37 PM
#19
   Like most of others I was attracted by financial stability I can have from investing in crypto-currencies!
I started from Bitcoin, my friend inspired me at first, but later I did my own reading and I was amazed by
crypto-market and what's happening here! I didn't stop investing after my first buy, I still invest on monthly
basis from my salary! I try to keep Bitcoin at the top of my list, but I'm also interested in many alt-coins too!
hero member
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May 06, 2020, 04:15:54 AM
#18
Get rich was inspired me to buy bitcoin. I don't care if I only can buy fraction by fraction of bitcoin because if I can do that from time to time, I will see the profit will be bigger for me. I will have time to get bitcoin at a low price, and I can sell it at a high price. Although to buy at a low price and sell at a high price will need more analysis, I will do that.
full member
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May 06, 2020, 04:02:39 AM
#17
I find that owning Bitcoin is kind of a novelty, and when i dont have any I am kind of sad. When i own it I read about it more, its nice to have a hobby.

And of course in the future 10-20 years I believe BTC will be worth 100k-500k+

Think of 10 short years from now, little boys are going to be grown up and will want to play around trading it on the markets.

Growing population, and BTC fixed supply = guaranteed organic  growth
hero member
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May 06, 2020, 03:08:26 AM
#16
Didn't even imagine that it would come to this value.

I think it was $300 when I was first introduced to it.
I don't really have much knowledge about it but just like most of the buyers, want to ride that big boat with a huge promise ahead.
Without hypocrisy, I really want more money, thru fiat and not bitcoin of course.

But, as time flows. You are intrigued with what you are buying. The need to know more about it.
Then, there comes a time that I don't really need to sell.
With an optimistic thought/hope someday we will see the real value of it.
sr. member
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May 06, 2020, 03:05:58 AM
#15
grow and get rich. Well, it is common for us to try various businesses, especially bitcoin. however, we are inspired to become very successful people using the internet, and bitcoin can be the way to it. Well, I have long known about crypto, especially bitcoin, and am still inspired to keep developing.

Something that strike me was the features I could see btc could be used in and could solve many of the problems which we used to face in sending and receiving money abroad etc. Also as things would be going digital in future so this will be playing a leading role and as its the kings of all coins this will remain favourite for many.
hero member
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May 06, 2020, 01:42:07 AM
#14
grow and get rich. Well, it is common for us to try various businesses, especially bitcoin. however, we are inspired to become very successful people using the internet, and bitcoin can be the way to it. Well, I have long known about crypto, especially bitcoin, and am still inspired to keep developing.
hero member
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May 04, 2020, 06:33:18 PM
#13
I wanted to get RICH of course.


This is the most honest and not hypocrite reason for everyone who bought Bitcoin.

Well, yeah that's the primary purpose why I engaged into cryptocurrency. Second is, I was looking for a universal currency that can be used to transact with a person from another country, since I hate using local fiat convertion to USD. I thought it would be much easier and convenient to transact with a currency like Bitcoin which has been accepted globally, including in-game purchases from online games.
But then again, Bitcoin inspired me to become rich at least once in my lifetime lol.
hero member
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May 04, 2020, 05:30:00 PM
#12
Well before a decade most of them were not interested to buy bitcoin I feel the only reason could be to stay away from scammers if I am not wrong. People thought they are making fool... And most of them said they may get cheat if some Invest in this coin etc, etc...Now how come the popularity increased and also there were lots of ups and downs in price.

When the value of BTC skyrocketed in 2017 it was the talk of the entire globe, Now guys kindly share me your thoughts what inspired you to buy BTC. Let's be honest to me I want to become rich Grin. What's your opinion.
Making money or profits is one of the most common reason why people are here and to those who havent believe into those earlier years will surely have that some sort of regret deep inside
yet if they have just believed earlier then they might able to profit it out but actually this is the wrong thing because cryptos existences isnt really solely for making money but into its new
tech or benefit that it do gives which is decentralization or p2p transaction without 3rd party intervention and honestly this is one of the important reason why i do switch up to this market.
legendary
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Welt Am Draht
May 04, 2020, 04:11:22 PM
#11
I wanted to get RICH of course.

If I'd gotten started at the beginning of 2013 then that would've happened rather rapidly. Because I arrived towards the end of 2013 it gave me rather more time to learn/suffer/wish I hadn't been such a twat.
hero member
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May 04, 2020, 04:06:49 PM
#10
Well before a decade most of them were not interested to buy bitcoin I feel the only reason could be to stay away from scammers if I am not wrong. People thought they are making fool... And most of them said they may get cheat if some Invest in this coin etc, etc...Now how come the popularity increased and also there were lots of ups and downs in price.
It is possible that majority did not understand the concept of a decentralized coin and it will take time for everyone to trust a decentralized coin and that is the reason it takes time for adoption by the general population and with two rallies in the price now the market is well documented in every financial media. The price is a major factor for majority of the investors that came later and now it is the most profitable asset in the last 5 years.
legendary
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May 04, 2020, 02:32:44 PM
#9
I will be honest, possibility to earn easily inspired me to buy bitcoin an other cryptocurrencies. I wasnt even interested in technology, what is blockchain and why it is used for. The only thing that I was interested in - how much I will earn in an hour/day/week.

And that was the reason I failed in earning a lot. I bought cryptocurrency (bitcoin and alts), without knowing what I was buying.
hero member
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May 04, 2020, 02:22:38 PM
#8
Well before a decade most of them were not interested to buy bitcoin I feel the only reason could be to stay away from scammers if I am not wrong. People thought they are making fool... And most of them said they may get cheat if some Invest in this coin etc, etc...Now how come the popularity increased and also there were lots of ups and downs in price.

Because early on, people really don't understand the concept of bitcoin, that's why only a few is interested on it. But look at those early adopters, many of them are millionaires by now because of getting into bitcoin early and then just accumulate it thru the years and became HODL'ers. So when the price increased overtime, many because curious so the popularity increase overtime.

When the value of BTC skyrocketed in 2017 it was the talk of the entire globe, Now guys kindly share me your thoughts what inspired you to buy BTC. Let's be honest to me I want to become rich Grin. What's your opinion.

Right, the year was really specially, the price started like ~1k then went as almost $20k.  I would say that I never thought that it will be this great, never see it as an investment platform that will make you rich someday. Faucet in 2016 was very profitable, so I started just like the rest of early members here, and overtime my btc values grows.
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May 04, 2020, 01:54:02 PM
#7
Nothing really inspired me because I never bought any bitcoin during my early days. There was so many ways to make bitcoin for free without working that I was capable of actually mining bitcoin with my laptop, and I actually did it for like half a bitcoin, wasn't too big and wasn't worth much but I was at least capable of doing so.

There was faucets, there was all kinds of opening in bitcoin world that I created some silly websites and even they were capable of being sold to other people, so I can't really say I bought, but I saw that free wide open place and decided to just get in and jumped right in. That is why I was capable of making so much money on my early days because I knew this would blow up and I made my investments accordingly, it wasn't bitcoin I was interested on making money, it was bitcoin people I wanted to make money from.
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May 04, 2020, 10:42:04 AM
#6
If you ask people who already have experience with the halving before, they will want to buy more bitcoin and hold it for the long term because bitcoin price will have a chance to rise high, and they can make a lot of money from bitcoin. But if you ask people who are new in the crypto, then their answer will vary, but some of them will answer because of they read some news that bitcoin will give them a chance to make money.

So let say that person already knows that bitcoin will be increased so high. That person wants to buy bitcoin because he believes that he will make a big profit in the future. I also get inspired to buy bitcoin because I will have the opportunity to make a big profit like other people Wink
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May 04, 2020, 08:41:52 AM
#5
The things that inspired me to buy bitcoin is my friends who invite me to buy bitcoin in the year of 2017, so we could gained diamonds in the game of mobile legends, but we didn't know about it is that we could used it as our source of income by investing some of our funds. That is why we started to explore in the surface on how could we earn more in bitcoin and cryptocurrencies, until i find this bitcoin forum to earn cryptos and learn more.
legendary
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May 04, 2020, 08:24:04 AM
#4
Well before a decade most of them were not interested to buy bitcoin I feel the only reason could be to stay away from scammers if I am not wrong. People thought they are making fool... And most of them said they may get cheat if some Invest in this coin etc, etc...Now how come the popularity increased and also there were lots of ups and downs in price.

When the value of BTC skyrocketed in 2017 it was the talk of the entire globe, Now guys kindly share me your thoughts what inspired you to buy BTC. Let's be honest to me I want to become rich Grin. What's your opinion.

I think I found somewhere on the internet some basic information's of Bitcoin. Money that you can mine. So I downloaded core wallet and start mining. Of course I had no ideas what I was doing and did not mined anything.  Found also some faucets and spend few hours doing them.  Next day I checked what I earned a day before and calculate it in USD and saw is a huge waste of time and energy.  So forgot about Bitcoin.  That had to be in late 2012 or early 2013.  I remember when i looked at price chart is looked like I am way late to buy some and get rich fast.

Then in Spring 2014 I looked at it again. Checked my wallet and when calculated how much there is and since price increased a lot I realised that those few hours doing faucets were a very high paid job. Tongue    So that was basically the tipping point for me to start reading more about Bitcoin. And after that it took short time to buy first Bitcoin.
hero member
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May 04, 2020, 05:50:47 AM
#3
Hear it from friends late 2016 and then I joined this community in 2017, learn to trade and then slowly make some money out of it. So I say to myself why not, then continue and I was here during the peaked in 2017. So practically it save me financially and just continue to accumulate more and look at the bright sight of making a good profit in the future. So it inspired me to have a greater look financially specially that I have a family to feed and put food in the table. So bitcoin offered a lot, you just have to explore every possibilities it has to offer.
full member
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May 04, 2020, 03:52:20 AM
#2
I first bought BTC when i needed to buy goods online. Also, I was thinking about this; if you sold something expensive like a car online what is the best and safest way to get paid? The answer is not Paypal or a credit card, its BTC! Non refundable!
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May 04, 2020, 02:10:12 AM
#1
Well before a decade most of them were not interested to buy bitcoin I feel the only reason could be to stay away from scammers if I am not wrong. People thought they are making fool... And most of them said they may get cheat if some Invest in this coin etc, etc...Now how come the popularity increased and also there were lots of ups and downs in price.

When the value of BTC skyrocketed in 2017 it was the talk of the entire globe, Now guys kindly share me your thoughts what inspired you to buy BTC. Let's be honest to me I want to become rich Grin. What's your opinion.
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