Post
Topic
Board Bitcoin Discussion
Topic OP
So how did YOU first hear about bitcoin?
by
hybrid
on 07/06/2013, 04:20:30 UTC
I'm curious how and when others on here first heard about bitcoin and what made them get into it.

Here's my quick story:

The first time I heard of bitcoin was sometime back in late 2009 when I was building an online store from scratch and wanted to avoid PayPal fees.  I searched online for alternatives and found a site that listed several different online payment services and what their fees were.  At the bottom of the list was "Bitcoin," advertised as having no transaction fees.  I looked into it a little bit, but didn't understand it at all.  I ended up staying with PayPal since most people use it.

Then in the fall of 2012, I was looking to buy a VPN service, and heard that bit coins were the preferred payment method because of the anonymity.  I tried to buy some coins but couldn't figure out how to, so I just paid with my credit card.

Sometime around the middle of March this year I heard that the price of a bitcoin was $40 and rising.  I remembered seeing the price at $12 just a few months earlier and so I did lots of reading and ended up putting almost all my savings into it.