Topic: What was the first experience/thing you did with Bitcoin? (Read 552 times)
I purchased my first coins in 2012, when the price was $10 per coin. I paid a 20% premium on localbitcoins (i.e $12 per BTC), and received BTC15. Lost most of them later on various scams and ponzis. For a long time, I stored my coins in the BTC-e wallet, as I was unaware of paper wallets and offline storage. Now after four years.... it all seems like a joke.
I had a very bad experience with my first bitcoin. In 2009 when I talked with my friends in skype he first told me about bitcoin. He gave me a trading website name where he told me to open an account. I opened an account he send me 5 BTC on my account and he suggested me to earn profits by trading it. When I was trying to trade, found 5 BTC value not more than cents. I forget everything. Later 2013 I was trying to find out my address but could not find my address. That was my first experience.
i remember that my first experience collect bitcoin using faucet sites and only get 100-200 satoshi per hour because i don't know other faucets and only use freebitco.in but everytime i got weekly payment from those faucet i don't know where and how to use my bitcoin because the amount is too small and i could not convert it into my local exchange
Yes, I was also using freebitco.in at the time 
Then I found out about https://faucet.bitcoin.st/ and gathered every phone in the house.
I will be honest, when I earned my first santoshis, I gambled with those coins, as I love gambling and bitcoin made it really easy for me, as I can bet even with a very small amount.
This is how I lost my first bitcents. I spent time on 999dice. 
I will be honest, when I earned my first santoshis, I gambled with those coins, as I love gambling and bitcoin made it really easy for me, as I can bet even with a very small amount.
The first time I installed my first bitcoin wallet (Bitcoin-qt) I didn't know that you have to actually first download whole blockchain to make it work.
When I initially saw that my wallet is out of date, and it is "synchronizing with network" I thought it will be ready to work in couple minutes...
Suffice to say - my wallet was synchronizing for almost a week that time... and I thought - "what a great new tech we have here, fast a lightning".
Later I learned the difference between SPV and full blockchain wallets.
Same here. I thought it was broken and gave up. At a later time, I found out I had to download gigabytes of blockchain data. When I initially saw that my wallet is out of date, and it is "synchronizing with network" I thought it will be ready to work in couple minutes...
Suffice to say - my wallet was synchronizing for almost a week that time... and I thought - "what a great new tech we have here, fast a lightning".
Later I learned the difference between SPV and full blockchain wallets.
I first became interested in other cryptocurrency rather learned cryptocurrency general. And it struck me that I can earn from home using the Internet. I created a wallet, and began to go to the faucets and collect satoshi. That impressed me.
I remember trying to sync the blockchain when it was still only more or less 15GB. I remember struggling to make a transaction (and failing).
I remember trying to solo-mine using my CPU and wondering why I didn't have 50BTC the next morning, the blamed it on the blockchain not yet being synced (I was using a 3G dongle back then. I have fiber optic now.)
I remember spending days on faucets and earning 50 satoshi that was sent directly to my address.
What about you guys?
I remember trying to solo-mine using my CPU and wondering why I didn't have 50BTC the next morning, the blamed it on the blockchain not yet being synced (I was using a 3G dongle back then. I have fiber optic now.)
I remember spending days on faucets and earning 50 satoshi that was sent directly to my address.
What about you guys?
i have never even tried bitcoin core because of the huge size of blockchain and my slow internet speed and also not enough free space on my hard disk to put blockchain on.
but i have started with using faucets and getting some dust which were all spend on fees.
i also tried mining altcoins but i found that it is not for me because of the cost of mining which was not profitable after deducting the costs.
I remember when i was a newbie trying to find some mentors/someone to teach me how to survive in bitcoin world. So i just do some research to find many ways to earn bitcoin and for the first time i earned my first few satoshis on faucet sites and after a month ago i realized that it's worthless so i just invest my money to get some capital for trading altcoins.
i remember that my first experience collect bitcoin using faucet sites and only get 100-200 satoshi per hour because i don't know other faucets and only use freebitco.in but everytime i got weekly payment from those faucet i don't know where and how to use my bitcoin because the amount is too small and i could not convert it into my local exchange
Well for me my experience with bitcoin was im spending to much in faucets to earn satoshi and i also installed games just to earn a little sat,
I remember trying to sync the blockchain when it was still only more or less 15GB. I remember struggling to make a transaction (and failing).
I remember trying to solo-mine using my CPU and wondering why I didn't have 50BTC the next morning, the blamed it on the blockchain not yet being synced (I was using a 3G dongle back then. I have fiber optic now.)
I remember spending days on faucets and earning 50 satoshi that was sent directly to my address.
What about you guys?
I don't have the first experience with bitcoin just only following a new alt site and getting the bonus amount fro there . from this place I star my bitcoin journey. but I like it. and after this try to make a wallet but it's very complicated for me. I remember trying to solo-mine using my CPU and wondering why I didn't have 50BTC the next morning, the blamed it on the blockchain not yet being synced (I was using a 3G dongle back then. I have fiber optic now.)
I remember spending days on faucets and earning 50 satoshi that was sent directly to my address.
What about you guys?
For me, the very first thing was to learn about the public key and private key. As I do not have any knowledge on cryptography, the concept was quite difficult to digest.
Before I got my first bitcoin, I was so anxious about typo errors in my public/private keys. Later I realized that it is quite difficult to have a valid address with typo error, due to the error correction/detection in the keys. My very first 1000 bits was obtained from a give away by a fellow redditor and I was so excited about it!
Before I got my first bitcoin, I was so anxious about typo errors in my public/private keys. Later I realized that it is quite difficult to have a valid address with typo error, due to the error correction/detection in the keys. My very first 1000 bits was obtained from a give away by a fellow redditor and I was so excited about it!
The first time I installed my first bitcoin wallet (Bitcoin-qt) I didn't know that you have to actually first download whole blockchain to make it work.
When I initially saw that my wallet is out of date, and it is "synchronizing with network" I thought it will be ready to work in couple minutes...
Suffice to say - my wallet was synchronizing for almost a week that time... and I thought - "what a great new tech we have here, fast a lightning".
Later I learned the difference between SPV and full blockchain wallets.
When I initially saw that my wallet is out of date, and it is "synchronizing with network" I thought it will be ready to work in couple minutes...
Suffice to say - my wallet was synchronizing for almost a week that time... and I thought - "what a great new tech we have here, fast a lightning".
Later I learned the difference between SPV and full blockchain wallets.
I remember trying to get my first coins in November 2013 just before the real rally. I bought a few fractions at 500 usd and was constantly watching the price. My investment was going up and down a few dollars a minute, it was driving me insane.
I also remember it was the time when the USA was debating about the legislation of bitcoin. The price swings in anticipation of the outcome were fun to watch.
Now it is all less exciting. Even though I have worked on building a decent stash and price swings affect the value much more, somehow you stop caring about the daily value in usd and you just want to gather as much as possible.
I also remember it was the time when the USA was debating about the legislation of bitcoin. The price swings in anticipation of the outcome were fun to watch.
Now it is all less exciting. Even though I have worked on building a decent stash and price swings affect the value much more, somehow you stop caring about the daily value in usd and you just want to gather as much as possible.
Nothing exciting about my first experience, i just bought a small amount (with great difficulty) and transferred it into my wallet which I've probably still got. I can't even remember what made me take the first step to get some.
I remember trying to sync the blockchain when it was still only more or less 15GB. I remember struggling to make a transaction (and failing).
I remember trying to solo-mine using my CPU and wondering why I didn't have 50BTC the next morning, the blamed it on the blockchain not yet being synced (I was using a 3G dongle back then. I have fiber optic now.)
I remember spending days on faucets and earning 50 satoshi that was sent directly to my address.
What about you guys?
I remember trying to solo-mine using my CPU and wondering why I didn't have 50BTC the next morning, the blamed it on the blockchain not yet being synced (I was using a 3G dongle back then. I have fiber optic now.)
I remember spending days on faucets and earning 50 satoshi that was sent directly to my address.
What about you guys?
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