Topic: When and how did you discover Bitcoin? - page 3. (Read 2348 times)

first I found out about bitcoin in 2017 through my sister, and at that time my sister said if you want to add money you can join the bounty project by creating a bitcointalk account and I created an account then I joined the project on bitcoin talk and at that time I wasn't sure I would make money but when the project was completed and the token distribution I was surprised that it could actually generate dollars.

Funny enough i discovered bitcoin about 6 years ago. But I never made the commitment to know about it. I remember a senior colleague telling me it will be the new currency and all i had in mind was a Ponzi scheme. But here i am today. Some regrets but what has happened has happened..

 

man I felt very depressed just remembering the past when I was scammed by these PTC site scammers. I still remember the probox site where I earned more than 50$ a day all thanks to my pocket money, I invested in that scam site because I didn't know it was a ponzi scheme, I thought they were an advertising company, but I was mistaken. after months i found out that paypal had frozen their account because it accused them of being a ponzi scheme, gustavo gil peron (the scammer owner of the site) always came up with some excuse to continue to deceive people, i started to know about bitcoin because we ptc sites no longer accept paypal and they had added bitcoin so I wanted to know what bitcoin was to also use. that's when i started to know more about ponzi scheme and stopped using ptc sites.

Not quite exactly, PTC sites and faucets are paying the exact, or at least close, to what they were paying back then, but in terms of value. PTC sites would usually pay 1/10 of a cent, up to a single or two cents at maximum. In the past, those cents were the equivalent of a few hundred Satoshi, nowadays, you'd get 2-3 Satoshi at best.

For instance, Freebitco.in, probably the oldest still operational faucet, is currently paying a minimum 0.00000002 BTC per roll. A few years ago, I remember it paid a minimum of 800-1000 Satoshi per roll. Their value however was almost identical to what it is now. I was on the lucky side, since some of the BTC I had acquired through faucets was kept for quite a few years, and sold when BTC was actually worth something.

A very long time ago, PTC sites gave a lot of profit. When the price of Bitcoin was low, PTC sites would give satoshi and they were a means of earning for low income people. You do not have to deposit to earn on these sites.

But later some people started ponzi scheme business behind the name of PTC. They have snatched huge amount of money from foolish people in the name of revenue share. These were not actually PTCs, these were ponzi schemes.

I got to know about Bitcoin while looking for a means to make income online. That was some years back, and it was in 2014 when I was searching online to find a job which I’ve been doing with my computer while at home. So, while I was making the research I got to a platform where they happened to offer me a job, so the payment methods that were listed for me to be able to receive my payment, there was Bitcoin listed on it.

But, it was something new for me so I never heard about it, I decided to make a research on Google about the word Bitcoin. That was how I got to learn a lot about it, it was something that I did for myself, and so far it has really been helpful to me. If I never knew about Bitcoin, Probably my life wouldn’t has been as it is now, because it really changed my life.

A lot of people mention PTC sites, and various of scams that had popped up during that era. I'd also like to add, possibly one of the first experiences with cryptocurrencies, a cloud mining Ponzi, named Coinintellect, if I'm not mistaken. It supposedly a free plan, but required you to upgrade after one or two payouts.

I actually received both payments, the second one was almost lost, because they went bankrupt, so instead of BTC or PayPal payment, they paid via Dogecoin. The payout was valued a mere $5 payment, which back then, was 30.000 Doge. Stupid me sold them, I'd have a decent amount of money if I hadn't.

know bitcoin from one of my friend's stories on facebook, he always talks that the end has a cryptocurrency hashtag, and dares to ask it turns out he is working to get free coins and exchanged for btc or usdt, and until now i'm still a bounty hunter my friend already become an investor and trade

It's the same case.

I was trying to earn some money online so I would hang around these sites and then gamble my money in slots, which I ended up using a lot, lol, I didn't know much about it then, my friend joined the forum and then he introduced me to it, it definitely took some time to get used to everything and at the same time, I do remember having some problems with it. I even attempted downloading mining software onto the machines, but it didn't work, so I gradually learned how to do it.

When I started investing in Bitcoin it wasn’t because of the technology behind it, and funny enough I never knew the difference between blockchain and Bitcoin. I thought that blockchain was another name for Bitcoin, so sometimes I usually make the mistake of calling Bitcoin blockchain. And my first investment in Bitcoin was $15, and then the price was around 100 bucks.

But, as time goes on I started to learn that blockchain was just a technology on its own that powers Bitcoin. While Bitcoin is the currency. So, I wouldn’t say that blockchain is the reason I started investing in Bitcoin, I started investing in Bitcoin because of Bitcoin itself and not for any other reason.

I first heard about Bitcoin back in 2017, from radio station. I didn't think much about it back then thought it might be some coin working in certain games. Then in 2019, my friend told me he made quite a fortune from buying Bitcoin, I started to take it seriously, and bought some on my own. It is quite a rewarding experience, opened the door of new world for me.

In the 1st quarter of 2018, one of my online friend told me about bitcoin as he also suggested this forum so that i could know details about bitcoin from this bitcoin discussion sector. That time i didn’t know about cryptocurrency but i must recognise that, this forum give me idea about what bitcoin is, created on which purpose, predict about its future price  as well as teach a lot about bitcoin.

You're ahead for almost 2 years in my case where I discover and met bitcoin, I wish I had also that curiousity way back that time because I can say that a bitcoin price ranges $400-$500 I can afford to buy it at this price not like where 2017 it is much more than a thousand dollar value. In my case, I knew about bitcoin because my friend introduced it to me and at that time I am not active in investing and trading instead I am an active bounty hunter but since then I have learned about bitcoin deeper I gained interest in trading and investment too.

I don't remember the exact year when i found about Bitcoins, but yes it was before 2015, Bitcoin was around 400-500$ as far as i remember.
So basically i just googled, how to make money online, and there were some youtube videos demonstrating about some sort of BTC .
I got interest on it and basically in one day i did a whole research on how to make money with Bitcoins.
I also remember before trading cryptos, i was into gambling BTC, i thought that's the only way of Earning Bitcoins.
I used to play at Bitsler and PD at the initial days, and tried to collect at least 1 Bitcoins, so that i can cash it out and use in buying some Gaming consoles.

first time hearing about it was when my gf was trying to buy some to fuel her drug addiction by buying drugs off the silk road back in 2013. God damned I wish I would have let her buy some. Although we prob would have lost the private keys by now.

I then heard about it in 2015 when my room mate at the time was like dude..... what if we could make money by mining bitcoin? We almos decided to do it... my god...... I wish we did. We though mining THEN was hard.... uhg...

Not once did I think the price fluctuated. I thought it was at a fixed rate. in 2013 I didn't look into the price, in 2015 saw the price and was like okay... so at this price it will take X ammount of years to brake even. .... >_< Because you know, thought it didn't move up or down.....

I found out the price fluctuated when a family member bought some bitcoin back in 2017 - 2018 and it dumped. I was loling thinking he bought at the top and sold at the bottom. I thought it was a bubble that would never recover.

Only in 2019 early 2020 did I finally buy some.... only like .... some.... 100 bucks worth which I thought was a lot to be spending on something so "risky" FML!!!!! >_> Like omg.... uhg... It was on Robinhood so I never actually "owned" my own btc.

It wasn't until early 2021 when it started rising did I put more thought into it and started buying. And have been buying ever sense. I realized bitcoin is supposed to be private and buying on an exchange is contrary to what it was designed for. So the btc I got from coinbase I ... anonymized.... it and only started buying from ATMs that let you use a burner number with no ID.

you know the greatest thing about buying non-KYC bitcoin? It's much harder to sell. so when it went from the high 60s and crashed. Having it on a private cold storage wallet meant I couldn't really do a lot in terms of selling, and since it was around the bottom for awhile I was like well fuck it, I couldn't sell in time, so might as well buy more to hopefully lower my cost basis in case it goes up again.

So here I am. over a year later, the inability to sell at certain times was a blessing and now I think I'm a true hodler.

Thanks to the meme videos "buy the dip" that taught me the importance of never selling your bitcoin!!! ^_^

You are not sure that Bitcoin could be exchange in Dollar? that was 2017 and bitcoin already have value about more than 10,000 dollars so I don't know what you are saying here that you don't know if this is tradable .

maybe what you are saying is how you can accumulate Bitcoin to earn.

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Mine is being shared by a cousin that has been keeping His crypto for long , but I found interest in Bitcoin when he shows me His wallet and convert bitcoin in my face.

Means you have quite a long experience in bitcoin. Because that means you started to dive into the world of bitcoin in 2017. And indeed 2017 was the time when bitcoin got a lot of attention at that time.
Because In 2017, bitcoin price was around USD 1,000 until it broke USD 2,000 in mid-May, then skyrocketed to USD 19,345.49.
On December 15th, investors, governments, economists, scientists, and other entities began developing new cryptocurrencies to compete with Bitcoin.

I got to know bitcoin in 2017 and the first time I found out about bitcoin I wasn't sure bitcoin could be exchanged for dollars but after I saw my sister get bitcoins and exchange them for dollars at that time I was sure I would collect bitcoins.

I appreciate everyone continuing to share their stories about how they found or heard of bitcoin here. As I think I’ve stated before, I’m really surprised to see how few people got in to bitcoin because of the technology behind it. That’s what got me reeled in, I studied it for an entire year before ever buying. Is there anyone here who got in to it solely for the technology behind it?

I can't really forget when I discovered bitcon, I discovered bitcon in 2019, actually not long ago and I got to know about bitcon true one of my friend, which he explained everything to me and I went on a research myself and I know that bitcon is not what I should leave. Since then have been introducing people bitcoin and have been enlightening them about bitcoin.