Home Bitcoin News Bitcoin (BTC) HODLers Came for Profit and FOMO Eventually Stayed for the Revolution

Bitcoin (BTC) HODLers Came for Profit and FOMO Eventually Stayed for the Revolution

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When Dan Held asked about how someone got in to Bitcoin (BTC) there were a myriad of answers.  The answers ranged from “my drug empire used to accept it as payment” through “When I knew how the central banks works.”

There are many who have not got in to Bitcoin despite knowing about it. Some of them name, influential tech and investment savvy acquaintances as the reason for them getting to know BTC.  However, they have to state that they have been so far in debt that they missed many opportunities to expand their portfolio.

Some of them continue to be curious about it. Many of them were those who I saw shops accepting bitcoin as payment and as it was hard to ignore they got in to it.

Many of them report to have bought it in the 90s and they state that they have been continuing to hold it ever since.

One of the maximalist stated, some friends at a party talked about it. Sounded dope. Bought some and mining. Got into alts. Got recked in 2018. Started buying pure BTC. Have been since. BTC Maxi now.

After Tesla bought many of them were left wondering “why the hell not” after buying it they say they are already neck deep with it.

Several of them have to state that a rabbit hole let them to buy it. There are those who kept looking in to it and eventually landed up mining. Relatives were point of influence in many cases.

A full-time Bitcoiner now stated that he was once very broke and was cleaning backyards when he first came to know about it. When the internet came, he said he heard of Bitcoin, he trades well now.

The reasons are commonly because it sounded like economics, to make money, and many of them with a desperation to make money entered it to BTC just like that.

An interesting statement:  “Mailing list post about how someone had wrote a script to read a person’s donation address from their FOAF profile and send them Bitcoin. I had never heard of it before, so I downloaded the software and got my first tx the next day.”

And yes:  I essentially got FOMOed into it via Twitter, but thankfully I spent a lot of time actually learning about the technology and utilizing great content like yours. Now I’m a firm HODLER and truly believe in it.

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Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

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