Post
Topic
Board Bitcoin Discussion
Re: The purchase Bitcoin during its early stages.
by
Flexystar
on 05/05/2023, 19:32:01 UTC
What is the riskiest or most unconventional action you have taken in order to purchase Bitcoin during its early stages, despite the lack of guarantees or promises that it would appreciate in value?

Frankly speaking my bitcoin purchase was not so sudden in which one had no time to think about the risks involved in the Bitcoin purchasing. In fact whole community around me was on the same page as of me, even those who referred me to the world of crypto currencies. They themselves asked me to be precautious as there are no actual "guarantees" in the bitcoin world.

They made me study about the wallet first, how it works, what are the private keys and how I can screw up the wallet if I lose them. Forget about the investments and profitability from the bitcoin, my circle was more concern about the security, workflow, bitcoin's understanding and how we can and we can not access the bitcoin.

This understanding was important to handle the bitcoin usage in early days. Then afterwards we started to go with flow of prices and understood holding is the key when you want to be successful in the bitcoin. Otherwise anyone would be rich in bitcoin business by this time.