Quote from: adamstgBit on August 15, 2014, 04:00:18 PM

Quote from: cypherdoc on August 15, 2014, 03:39:13 PM

Quote from: JimboToronto on August 15, 2014, 01:32:39 PM

Quote from: Newscastix on August 15, 2014, 01:20:03 PM

It took me 2 weeks from hearing about bitcoin to owning it.

2 months for me... one to research it thoroughly to find out it wasn't a scam, and another to figure out how to actually obtain some, watching helplessly as the price went from $15 to over $60.

Yeah, 2 months is about average to thoroughly research Bitcoin. In fact, I'm still learning tidbits here and there.

I remember calling Gavin and theymos at least a couple of times to ask questions. Then wasting another month throwing out low ball bids on OTC that were laughable (embarrassingly low). Finally I said fuck it and plowed into mtgox.

it took me ~2-3 weeks as well, is this typical? probably not,

most poeple will first be aware of it but not put much thought into it, one day they will hear about it again, do some recreash, think about buying in, forget about it, repeat, actually start saving money to buy, watch market for weeks or months ( everyone thinks they can buy the low if they only sit there long enough ) and then finally buy when its clear that "its going UP!", these poeple comes in waves and they all buy at pretty much the same time, they can't help it, its in there nature, sheeple.

From when my husband told me about Bitcoin to when we invested was about a year. Granted there was some crazy things going on in 2012 when we first heard about it and we really did not know how legal it was. I initially thought it would be a good idea just to throw a few hundred in for "fun." But the greatest fear was not just throwing a little cash in, it was being associated with something that could cause us some legal harm. Once we heard that there was going to be money laundering laws put into place we purchased then. Of course we had more time to think about it and see the value in it by then. It was still a risk buying in 2013 though. The exchanges were not terribly secure and seemed rather "shady" in some ways.

All that said, Risto is most likely right that this is the "bottom." He is generally right. Wink

Glad to hear that this is the bottom for now. I just hope that we do not have to wait too long for the next run up in price. There are several things that hubby and I have delayed a little waiting for this next rally and I have a mission trip scheduled in a few months that I will need to spend some coins on. But pulling any funds out of BTC seems a foolish thing to do knowing we are on the brink of another rally. Oh well, I guess that is just the way it goes sometimes. Undecided