Good to be here. Read and observed the forum since I joined and must say I like how detailed the discussions here are compared to social media platforms. As a beginner I noticed some topics are mentioned a lot like wallets, security nd scams but I still feel there are always new perspectives. For instance my first impression of bitcoin is that it is more about personal responsibility than anything else. If you loose your keys, you loose your coins and that feels different from banks. For those who have been in the game longer, what was your first impression when you realized how it actually works?
Like most others, my first impression was I always saw it as a store of value. Your holdings inflate considering the upwards trend and there has been a huge upward trend if we consider bitcoins as a long term holding. Yes, it also does come with personal responsibilities but so does bank or any other financial institutions. Imagine loose your card or someone hacks into your card to maxout your card. Now, the bank might be able to recover the funds but still it is a loss for someone. If not you, the banks. Any financial stream will come with personal responsibilities. Bitcoins does unlock various means of income sources and that does sound exciting to a lot of people which makes them end up investing or start earning bitcoins.