Bitcoin. The early days.

[phetphet]

Way back around 2009-2010 when I first read about Bitcoin in the media, I remember thinking to myself, "Sounds interesting. Maybe worth having a £300 punt and just sitting on it."

The only thing was, I couldn't figure out how to buy. The banks were not up on it, and there weren't all the wallets available like today. In the end, I gave up and life and work got in the way.

 

Bitcoin's story is now history, but I was wondering. How did early adopters manage to buy their Bitcoin?  If there are any here on AN, was it easy for you?

 

 

[SAFETY FIRST]

3 minutes ago, phetphet said:

The only thing was, I couldn't figure out how to buy

Same here.

Wasn't until 2015 I found coins.co.th, my first purchase was 9.9 Bitcoins, capped for the first purchase. 

 

 

[bkk6060]

I have put about 4% of my portfolio in Crypto ETFs through legit name brokers.

The early days you could buy BC online.  The fees were very high and the security sucked lots of scams with no government insurance.  

[Will B Good]

10 minutes ago, phetphet said:

Way back around 2009-2010 when I first read about Bitcoin in the media, I remember thinking to myself, "Sounds interesting. Maybe worth having a £300 punt and just sitting on it."

The only thing was, I couldn't figure out how to buy. The banks were not up on it, and there weren't all the wallets available like today. In the end, I gave up and life and work got in the way.

 

Bitcoin's story is now history, but I was wondering. How did early adopters manage to buy their Bitcoin?  If there are any here on AN, was it easy for you?

 

 

 

 

Bought in around 2015/16.......but keep selling each time the price jumped (stupid looking back).....down to just less than one bitcoin now.

 

 

[Conno]

Opened a Coinbase account around 2015 after reading something online as I though it sounded interesting considering I became a Goldbug after the 2008 financial crisis. 

 

Didn't have a clue what I was doing and bought next to nothing. Duh!!! 

 

I can remember they were restricting fiat deposits to something like $20 a month or something incredibly low on the account I had at least, if my memory serves me correctly? Could be wrong on that.

 

Decided in 2017 to close the account as I didn't use it. Customers services contacted me advising that I move my balance to self custody. Once again didn't have a clue what that meant so told them it was all too complicated so keep it and have a beer on me. Double Duh!!!

 

2018 got talking to an Ozzie bloke I used to play online games with. Can't recall what he said exactly but I do recall a lightbulb went off in my head. Opened a now defunct BX account and the rest is history as they say.

 

I watched a really interesting podcast a while back when some bloke was talking about the stages most Bitcoiners go through, it was so accurate. Went something along the lines of.

 

1. Heard about it but not interested and don't understand it. Bloody Ponzi scheme for crooks.
2. Intrigued so decide to look into it a little more and maybe have a dabble.
3. Start to become more interested.
4. Become mega interested, but only due to focusing on 'number go up'.
5. Bitcoin Maxi stage. Price has nothing to do with anything, that's just a side effect. This is a revolution. $1m BTC side effect incoming. 

[ukrules]

Before I opened an account with any exchange I had previously bought coins on Ebay.

 

[hotsun]

What if I told you that it is still early days?

[Conno]

[Everyman]

6 hours ago, hotsun said:

What if I told you that it is still early days?

 

Quantum supremacy would like a word.