Hello all! I'm basically new to crypto-currency. I first heard of bitcoin a couple of years ago but (sadly) didn't pay much attention to it. 4 weeks ago I started seeing more and more articles on bitcoin and other crypto currencies and 3 weeks ago I bought my first .5 bitcoin for $29.00 on eBay. At the time a bitcoin was worth ~40 and I knew I was overpaying but after researching crypto coins more and more I became a believer and I needed somebody to send me a bitcoin so I could have a better understanding of the transaction process. A couple days later the whole "cyprus" bank bailout was announced, which I personally don't believe a bunch of cypriots moved their life savings into bitcoin but I do believe it was a catalyst that produced more exposure for bitcoin, I mean what better way to protect your wealth than crypto currency? I bought that .5 bitcoin at a good time because now it's worth ~$116. Not a bad return on a $29 investment but I don't plan on giving it up anytime soon. As a matter of fact, I've been researching the whole mining process and I was mining bitcoins for while but my hardware is insufficient to really make it worth it. I don't have much GPU power (yet) but I have a lot of CPU power so I decided to switch to litecoin mining and I'm doing quite well for a noob even with all the GPU bitcoin miners jumping ship and moving over to litecoin mining. I use my litecoins to invest in more bitcoins and other coins also.
I plan to become more active in this community and I'm glad I'm here, I'm glad I found you guys. The world needs cryptocurrency. I would like to end this note on my favorite aspect of Bitcoin. Bitcoin does not let me spend more bitcoins than I have. Let me repeat that, I cannot spend more bitcoins than I have. Credit cards, bank overdraft charges, high interest rates, etc are tools used by banksters used to drain you of what little money the IRS lets you keep out of your paycheck. I have been trying to keep up with the Joneses for longer than I care to admit and have made many financial mistakes along the way by spending more money than I actually had and I'm still paying for it. I've always believed I needed the best car, the biggest house and the nicest clothes and I spent more money than I had trying to obtain them. Now I can't even get a loan with an incredibly high interest rate while my own government is trillions of dollars in debt. That's bullsh!t if you ask me.
Sorry guys, that's enough ranting for today. Thanks for listening if you've actually read this far.