/biz/ - Business & Finance

[Anonymous No.18991311]

When did you first hear about Bitcoin and why didn't you buy some back then?

[Anonymous No.18991329]

>>18991311
'11, silk road

[Anonymous No.18991339]

>>18991311
I first heard about it when it pumped to 20k I was in highschool then and was broke and had no money. I bought my first bitcoin around 6k just before it dumped to 3k

I tried margin trading it but now after doing hours of research on the global economic system and what bitcoin actually is I have resolved to only accumulate bitcoin and never sell for years to come.

[Anonymous No.18991342]

>>18991311
Because i was a stupid teenager who didnt much care about money and didnt see the potential, i just used it for silkroad

[Anonymous No.18991345]

>>18991311
I could have been a millionaire but i used my BTC to buy steroids so i could win a wrestling competition in high school :'(

I wont make the same mistake with Ethereum or Zcash

[Anonymous No.18991503]

i heard about it in 2014 and thought (just like everyone else) that the ship had sailed when i heard about the gains people were making.

[Anonymous No.18991559]

>>18991503
I heard about it in 2013, but I was too scared of being scammed that I refrained from buying some. To be fair, it wasn't as user friendly as it is today

[Anonymous No.18991576]

>>18991311
2011, bought it and mined Doge

[Anonymous No.18991583]

>>18991576
Are you rich now?

[Anonymous No.18991587]

probably about 2012 I guess, I think I knew about dogecoin then too. But I was 16, had no money, didn't know how to buy things online let alone cryptocurrency, scared of scamming etc so it never crossed my mind to buy it

[Anonymous No.18991662]

>>18991311
2012 and the guy sounded like a schizo, i was just chatting to him at a party and he kept looking me in the eye and going "DUDE BUY BITCOIN ITS NOT OVER IT HASNT BEGUN" and I was all like BAHA alright man and now I've done like 6 years of university to make 65k and it is pretty fucking bad.

[Anonymous No.18991733]

>>18991311
2011. Heard about the crash to $6 from 30 or something. My friend talked about it, we didn't really know if it would catch on or if the creator knew of a vulnerability in it or something. Didn't really understand it fully or bother to take a deep dive.

I heard about Ethereum in 2014, for some reason I thought it had already launched and was 300 usd. I remember being quite surprised when I found out in 2017 that it had just crossed that mark. I thought about getting into eth after first hearing about it, but decided not to because I thought something could just copy what they are doing and it could be made irrelevant.

After all this time, btc and blockchain are still safe, ethereum is still relevant.

So in 2017 I figured, fuck it I'll buy chainlink. I bought. No regrets.

3rd times the charm right boys?

[Anonymous No.18991799]

>>18991733

>>18990099
You have been reported to the SEC. You are spreading false information. You will spend time in a federal prison. I reported you, and the SEC will be tracing your ISP and you will be prosecuted.

[Anonymous No.18991844]

I heard it mentioned every now and then on 4chan before late 2013, but it wasn't until that late 2013 golden bull run that took enough interest to research it. I bought some at around $750 after that first crash, then bought more every month or so over the two-year bear market that followed, to get my average price down.

[Anonymous No.18991895]

>>18991844
I heard it mentioned every now and then on Facebook and TV before late 2020, but it wasn't until that late 2021 golden bull run that took enough interest to research it. I bought some at around $56000 after that first crash, then bought more every month or so over the two-year bear market that followed, to get my average price down.

[Anonymous No.18991954]

spent a few weeks trying to buy in 2011-2012
price was below $3, but I was so annoyed that I could just use paypal or debit card etc to buy i gave up. only choice was to send passport (didnt have one) to some shadey type of site which i wasnt gonna do.
Also knew about mining it on home pc's but didnt have a gpu (still dont) so i didnt bother.
Also heard about ethereum at $1 or when i was about to launch and thought "smart contract" sounded like bullshit buzzwords.
Furthermore, I have $10K ready to risk at the end of 2015, I put it in a horse racing pool that had earned $250% per year the last 3 years, but the year i put it in, the rules changed hlafway thru and i lost 4k, and had to wait all of 2016 to get my remaining money out (6k) as it was locked in for a year.
FML 10k was enough to be a millionaire by 2018.
End blog post.

[Anonymous No.18992640]

>>18991311
2011 or so
Had no practical use that I was interested in

[Anonymous No.18992721]

Because I was 11

[Anonymous No.18992742]

>>18991311
OOOOOOOOOOOOOOOOOO I NEED HER NAME R I G H T N O W

[Anonymous No.18992778]

2008, was deployed to Iraq. I didn't know how to buy it..

[Anonymous No.18993205]

>>18991311
2011
I did buy a lot
Also spent it though
Then stopped trafficking and focused on getting a real job
Probably at least a couple hundred.btcs lost to localbitcoin throwaway accounts that I have no way of getting the old info to

[Anonymous No.18993609]

>>18993205
> I have no way of getting the old info to
honestly, quit your job and spend the time on finding the accounts.

[Anonymous No.18993893]

>>18991339
based

Heard about it in 2013, thought it was cool but didn't ever think about it as an investment. early 2017 started using it to run an online business, didn't see as an investment until it was like 10k.

[Anonymous No.18993957]

>>18991311
seemed like a bad idea, took more energy to mine than it was worth.

If It was just a ledger with no hype train. woulda been cool

[Anonymous No.18994090]

One has to remember this:
You couldn't possibly predict the future.
The best way would have been mining it in 2010 and forgetting about it until 2017.

[Anonymous No.18994116]

I first heard about it in 2010-2011, didn't buy any until december 2013, got dumped on, didn't buy any more until BTC was around 2k in 2017. I missed two mega bullruns because I'm a fucking faggot

[Anonymous No.18994152]

>>18991311
2013. It wasnt easy to buy and most of the hype was around mining not so much buying and holding it as an investment. I was like 16 and didnt have enough money to buy any anyway

[Anonymous No.18994163]

>>18994116
To answer why the first time, my friend was sperging out about it, trying to talk to me about it, I was like 18 or 19 and only focused on drugs and pussy. In 2013 after I fomod in and got dumped on I forgot about it again because I assumed I had been scammed. Everyone was making fun of top buyers and I felt like a fucking shmuck for falling for it. I had only bought .25 BTC around the $850 range so I didn't lose much but it was my first experience getting dumped on and I hadn't invested anything outside of some stock.

[Anonymous No.18994165]

>>18991311
Who’s this and why did whoever she was out with take so many pictures

[Anonymous No.18994203]

around 2015. but was in highschool and thought it was only good for buying drugs. I bought but didn't hodl

[Anonymous No.18994338]

lurking SA when they would open up parts of the forum for free
cant remember what year tbqh but it was very early
i had no money being a kid, did try to mine some with my little laptop though kek

[Anonymous No.18994641]

I had lots of doubts, what if it doesn't catch on?
What if this was the only ATH it would ever see?
So i sold in 2011 at 30 dollars, but my slow computer only mined two coins anyway.

[Anonymous No.18994663]

>>18991311
20qq

I didn't buy any because the dealer called me back

[Anonymous No.18994705]

>>18991311
2012ish. I was a sophomore in highschool.

[Anonymous No.18994726]

>>18991311
2012, a friend gifted me 12 bitcoins and i dont even remember where i left them

[Anonymous No.18995114]

>>18991311
2011 in an mmorpg. We just merged into a larger guild and a guy in that guild was 'selling' it. Didn't trust him and at the time the concept was foreign to me, I also thought that if I'm gonna spend my money, I might as well spend it for bullshit p2w items on that game.

[Anonymous No.18995128]

>>18994726
Right up your ass.

[Anonymous No.18995477]

>>18991311
idk back on 2013 i believe. I was 14 and it seemed like a ponzi scheme

[Anonymous No.18995541]

I first heard about it on a libertarian talk show in 2011 or so when the price was $15 each. I was broke then so couldn't afford to gamble with things like bitcoin, plus I thought it was another kooky libertarian idea like Liberty Dollars that would never work out. Shortly after that the price shot up to like $100 per coin and I thought "well that's it, I missed my chance". Finally bought some BTC for about $200 each in 2015 because I wanted to buy drugs from the darknet.

[Anonymous No.18995612]

>>18995541
>libertarian
cringe

[Anonymous No.18995651]

>>18995612
inorite

[Anonymous No.18995772]

>>18991311
in 2014 there was this game called Wurm online that allowed its players to pay for premium by mining with some software. Still regretting that I couldn't figure out how to do it.

[Anonymous No.18995794]

>>18991311
i mined bitcoin on my laptop in ~2010. mined about 4 btc. i sold it all for less than $1000 total

[Anonymous No.18995821]

>>18991345
Did you win the competition?

[Anonymous No.18995823]

i was a sophomore in highschool

[Anonymous No.18995995]

like a lot of people in here, i first bought bitcoin sometime in 2012, maybe the spring of 2012?

i remember the prices being between $7 and $14 when i first started buying bitcoin in high school to buy drugs on the silk road. i was pretty broke back then in fairness, me and my friends would all get $20 every couple of weeks and put it all together, then i'd buy drugs online.

i remember the first time thinking it could make serious money when i had like a few dollars worth of bitcoin left in my mt. gox account, i left it untouched for awhile, went back a few months later to buy some drugs in the summer and i had like 70 or 80 bucks.

but the volatility scared me off and most of the things i heard about BTC was pure FUD about how its only really used by criminals on the deep web. i didnt have a real job until around 2013 or 2014, so that was the point in my life when i could have afforded to buy a few hundreds dollars in bitcoin here or there. and i remember stupid shit like dogecoin coming out around that time and thinking that crypto was kind of retarded.

i also remember the mt gox hack and shit like that put me off of crypto, because i didnt take the time to learn how private keys or personal wallets work. i thought the easiest thing was to keep it on mt gox lol. i didnt know how to store BTC and i never took the time to research anything about emerging markets, the potential of bitcoin, i didnt know turbo nerds made bitcoin i just thought criminals made it and controlled it.

even though i heard about satoshi i thought that was just some scam story, didn't know what a white-paper was at the time or what cryptography was.

felt a bit stupid years later, at least it taught me a good lesson about looking for ways to make money. im disappointed i wasn't smart enough or jewish enough to research it or predict that it could be very profitable it has reached. but hopefully going forward i'll have other chances to make a lot of money.

[Anonymous No.18996118]

>>18991311
>When did you first hear about Bitcoin and why didn't you buy some back then?
Whenever it started to be spammed on /g/ back in the day. I didn't buy any because I was like 13 years old with no money.

[Anonymous No.18996346]

/g/ threads in 2010-2011

installed the Bitcoin client, gave up halfway through downloading because my internet sucked

bought drugs with it in 2012-2014

only bought for real during the bull run

[Anonymous No.18996357]

>>18991311
I don't know 2012. I did buy some in 2014 but lost them. Would have made like 2k if I still had access to it, it was only like .12 bitcoin. I was a teenager with no money so I couldn't buy much until it was already at like 1k and I never tried out mining because I had no way of knowing it would blow up so much. The only use it had was buying drugs and is a very primitive form of crypto.

[Anonymous No.18996396]

>>18991311
2009. I was still a high school student.

[Anonymous No.18996476]

I heard about it when it was 60 dollars or so. I was only 14, the guy in the year above me i was friendd with was telling me about it and how he mines them with his gaming pc, but i wasnt interested in it really.

Then that year it went to 1000 dollars and i FOMOd in at the top lol. Bought more in 2017 before i never sold and it became worthless.

[Anonymous No.18996482]

2010 on /b/. Every post was about bitcoin and it was worth dimes. I was still in high school. I though the only way to get crypto was to have a super computer to mine it.
>>18994165
>>18991311
Who is she? I have a mole on my chin like her

[Anonymous No.18996513]

>>18991311
When it was 400 dollars a coin I was gunna buy 3.

My dad told me not to BC it was a scam fake internet money.

Thank god we fomo bought in at 16k a few years later.

[Anonymous No.18996518]

I heard about it when it was like around 50c, but I was an autistic, jobless, 17year old shut in, so I was to busy being depressed and shitposting on /b/.

[Anonymous No.18996558]

2010 /g/
it was more of an anarcho-libertarian thing back then, silk road etc.
didn't see the future value in it

[Anonymous No.18996574]

>>18995612
dumbass, only weirdo libertarians cared about bitcoin early in.

[Anonymous No.18996626]

>>18991311
I mined a few thousand, got annoyed that it was lagging out WoW, and deleted everything.

THANKS FOR REMINDING ME CHINK BITCH

[Anonymous No.18996628]

>>18991311
2011. I was in 10th grade and actually thought about buying, but back then the only way was localbitcoins. It sounded extremely shady to meet up with someone else irl and do a whole transaction with a paper wallet which I didn't fully understand so I gave up on it

[Anonymous No.18996758]

2014. i bought and used on alphabay immediately, accumulating nothing and being mildly amused about the price going up and down. i accumulated nothing. i had no idea there was a community of people (wrongly) believing btc would crash the financial system and be worth hundreds of thousands of dollars. If memory serves my first btc purchase was at about £200

[Anonymous No.18996759]

a apoo l deliver to borrowed money and bought the literal top he looks sad every time i see him. the only reason i know is because i made a joke about bitcoin in like late 2018. it caught his attention quick he was like "oh you have bitcoin" i was like "eh i bought a few hundred bucks not much you?" he said "i did but i had to get out because it fell alot from 20k" i was like "oh but did you have a -lot'' he just looked down and through one hand up and said "18k" then he turned around all i could say was "oh dang"

[Anonymous No.18996787]

>>18991311
I first heard about crypto on plebbit. It was Iota. I bought $1k worth. Rode if for a 10x. dumped at the top because scared of bitfinex implosion. Jumped into icon. Road the pump. Jumped into vechain. Rode the dump. Went all in at link at 21 cents and havent made a trade since.

[Anonymous No.18996812]

>>18991311
2010. Everyone was calling it buttciin that only crazy libertarians and criminals waste power and money on

[Anonymous No.18997522]

>>18996396
2009 - dude, you could have mined thousands!

[Anonymous No.18997779]

>>18991311
learned about bitcoin when it was under $5
I would have sold at $10 and been glad I doubled my profit
only people who hodl had wallets they forgot about

[Anonymous No.18997799]

>>18991311
back in 2011, seemed way too complicated and dodgy to buy any

[Anonymous No.18997809]

>>18997779
This. But there are a few speculators that really had balls of steel to hodl early on. Like Roger Ver or there is some guy on a German stock forum that bought in 2011.

The volatility was something that scared me off too, I felt so helpless seeing the price plummeting.
So I would've never held them until 2017.
Then I thought, well normies are never gonna use this as payment, they'll just use PayPal or Credit Cards which do offer chargebacks and the value of their USD doesn't fluctuate.

[Anonymous No.18997996]

>>18997809
sure but chargebacks are part of the problem. Chargebacks and credit card fees cause everything to be 10% more expensive than it would be if transactions were non-reversible. Credit card fraud is easier than bitcoin fraud since your password is printed on the front of the card.

[Anonymous No.18998755]

>>18991311
2011, didn't understand the applications of it outside of buying drugs and knew it wasn't truly anonymous so didn't take it seriously.

[Anonymous No.18999204]

>>18991311

2013. dumb kid didn't know how.

in 2015 when coinbase came out i bout 3,000 gbp worth though then forgot about it till 2017. was nice. Only remembered i had it when the new sreports of it breaking 5,000 started