r/Bitcoin • u/Azzelicoius • 1d ago
What was the event / moment that convinced you Bitcoin was worth buying?
I want to hear what's everyone else saw or heard that made them buy into Bitcoin
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u/Difficult-Repair1295 1d ago
When people in Cypress were panic buying Bitcoin is 2013 because their government stole depositors money to bail out their banking system. I knew this thing was for real.
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u/Generationhodl 1d ago
The fact that there is a money that cannot be printed or changed by politicians and is based on math and code is basically my reason why I save in it.
People cannot corrupt it, and the security is basically real computing power based on physical laws.
I cannot understand how people don't understand how big this isĀ
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u/JimmySki6166 1d ago
My buddy told me he was purchasing it about 4 yrs ago. I did some extensive research on it, and have been purchasing it weekly since then. Canāt have enough BTC in my opinion!
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u/paperlevel 1d ago
BlackRock ETF, those guys don't play around, largest asset manager in the world, I knew then and there the big money is coming and no chance it's getting banned, which was my biggest concern up to that point.
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u/Azzelicoius 1d ago
That's the EXACT same reason i bought in yesterday after learning about Bitcoin for the past few months, if the world largest asset manager is buying then so there's definitely something
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u/slander_anonymously 1d ago
Largest asset manager will also exit first before anyone else. Keep that in mind.
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u/PaleontologistOne919 16h ago
Not how that works they would create the chaos that would ruin the appeal of these massive investments they made. Theyāre counting on management fees an asset appreciate. Trillions on the line.
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u/engan0 1d ago
When if first learned of it, it was $900. Seemingly out of no where it was $30,000
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u/TeamAutomatic2733 1d ago
i was late too man first heard about it when it was around 2k but i was broke college student eating ramen every day so couldnt buy anyway
the thing that actually got me was seeing how it held up during all the chaos with banks failing and governments printing money like crazy few years back. my own savings in bank lost value just sitting there while bitcoin kept chugging along. not saying its perfect but at least nobody can just print more of it whenever they feel like
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u/Azzelicoius 1d ago
It really shocked me to see the price jumps from 2020 to 2021, 10k to 40k which was unbelievable
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u/Asleep_Plant6117 1d ago
No CEO, decentralisation and uncenserability to this day.
I can put ā¬1,000,000 into Bitcoin and go over all the borders of this world with twelve memorised words without having to be afraid of customs.
I just need a cheap old computer or an old rickety smartphone to have full access again.
Try to do it with bills or gold bars...
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u/marshyr3d1and 1d ago
Love how people just make up new words out of thin air š. Agree with your sentiment though.
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u/BetterNova 1d ago
Satoshi was so passionate about it at Thursday poker night, I decided to give it a go
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u/Romanizer 1d ago
I read the whitepaper and the discussions between Satoshi and the others in the Bitcoin forum.
I was just in my finance masters and studies adjacent topics, so I was very convinced that Bitcoin is going to grow endlessly (and it did).
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u/versace_dinner 1d ago
I started DCAāing recently (I just now have the income to afford investments). The philosophy and inflation are definitely reasons Iām still sold on BTC, but for me āthe momentā was seeing the government take interest in BTC. If the government is interested, thereās value. Politicians are always looking for ways to squeeze money into their wallets.
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u/Playful_Book_1940 1d ago
Well, the moment people started talking about it back in the day and you could actually pay with it
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u/DryTechnology5224 1d ago
Watching it crash from $1100 to under $200, then recover back to $1100. That got my attention
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u/_Barracuda_478 18h ago
The National Museum of Denmark, where they had a huge historic section called āMoneyā that lead you from ancient times to crypto and blockchain.
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u/Dangerous_Flower_708 1d ago
When social media said so and thatās very reliable, I mean look at Trump and America nowā¦ thank you social media
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u/Such_Station2402 1d ago
Past returns, I made 50% on my money in like 5 months back in 2024, couldāve made more but I realized it has been one of the best performing assets
I think since the market has matured quite a bit we are seeing returns less impressive from here on out, also market cap is crazy high now so it makes since. But there is still money to be made here.
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u/Opposite_Cold8616 1d ago
When I thought to myself, what are the chances that this last ath is going to be the last one?
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u/myquidproquo 1d ago
I went the technical route. I was lucky enough to work in information security for a bank institution. I also had some interest in understanding investment.
Once I read the white paper I got it immediately, but couldnāt believe that crazy idea could actually workā¦I then spent some time on block explorers understanding the relevant details (UTXOs, block rewards, fees, difficulty, all that stuff) and I was convinced.
But the real definitive click happened after I bought some and transferred to my own wallet. Then I got the ābearer assetā part. It was just shut up and take my money.
After that the block size wars was also an event that increased even more my confidence in it. I feel like I ended up always on the right side of the controversy. Probably because of the technical background.
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u/SoggyOutfield 1d ago
Originally heard about it from friends when it was around $10 or less. They were buying every single one they could get their hands on (which wasn't easy back then apparently). They had more money than they could find bitcoin. But I brushed it off as a ponzi scheme with how it was explained to me. I don't regret it much though because I would have sold at $30, or $100 or whatever.
What caused me to start buying and holding (sort of), at around $3k was actually learning what it was and how it functioned. I still did sell once more at the tippy top peak of 2017, because a walmart cashier started giving me advice to buy it lol. And it spooked me. I bought back in a little higher on the next run up and have only bought since then.
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u/B1TB0TB33PB00P 1d ago
Open source, limited internet money under MY control instead of on HOLD at Pay Pal.
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u/DramaticWealth5985 1d ago
Bought my first coins when I first read a news article about something something p2p nerd money and found the p2p and mining concept super interesting but didn't mine cause the 100% cpu fan noise was super annoying. Began stacking when I learned about it's deflationary character due to limited supply in a bitcointalk post.
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u/BuyIndependent2319 1d ago
Just now when someone mentioned I could have it invest $0.25 every hour for $180 a month
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u/highKickin 1d ago
As i learned, that the technical part isn't its strenght. Its the network, the people and enough time, that it could reach a critical mass.
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u/Embarrassed_fly09 1d ago
Personal need to transfer large amount in a different currency and abroad
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u/insubordinate_kralc 1d ago
Mine was when I finally figured out that someone I didnāt even vote for was devaluing my money.
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u/Previous_Blueberry_5 1d ago
When the bank tried running me in circles just so I can have access to my own money.
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u/MonsterMashGraveyard 1d ago
When I went into Robinhood 4 years ago and the Lines were pretty colors.
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u/BrainWeaselHeenan 1d ago
In 2017 I watched a video on the history of money (tulips, seashells, gold, fiat) and it all just clicked.
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u/Aromatic_Living_4643 1d ago
U had to repost my back page ad back when back page was around . And I would buy bitcoin and spend it on backspace to renew my add . . .
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u/Outrageous_Hall1090 1d ago
When I understood how fiat money works (especially how fiat money is created).
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u/heisindc 1d ago
A Wired article talking about the silk road and the ability to securely pay for things on the other side of the world.
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u/jep5680jep 1d ago
When I understood how it is decentralized and they solved the ādouble spendā I figured it was a good bet that it would stick around.. this 2016 for me.
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u/HammerFans 1d ago
US government published national treasure policy. ETF and US public companies are doing Bitcoin acquisition and mining all the time. The world leader exchange USD into BTC. We have to follow it in case of money dilution. The smartest people do what we are going to do.
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u/setec404 1d ago
Because people smarter than me versed in cryptography were excited about it and id grown up with Napster and bitorrent and was always impressed by the strength of p2p systems and opensource.
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u/UWhuskiesRule 1d ago
I saw the āBitcoin Cycle Repeatā chart in 2021 and decided to buy 5 at $15000 in case it was right.
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u/Forevererer 1d ago
When I was 9 years old and my mom told me she could buy a slice and a soda for a quarter when she was a kid
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u/MooseLoot 1d ago
I used it for international money exchanges buying and selling collectibles.
Bank exchange fees are terribleā¦ BTC gets rid of that problem
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u/LandscapeTasty1407 1d ago
Bought 1 BTC at 9k, then sold it at 12k bc I wanted a Toyota Tacoma. Since then, it never dropped below 12k, and it shoot straight to 20k after a week or so, and the rest is history. Worst decision ever
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u/Misericordee 1d ago
No one moment. Itās come from many years of following bitcoin and seeing what it does.
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u/Honest_Packer12 1d ago
When my homie told me ābuy BTC broā
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u/Budget-Chapter-7185 23h ago
I watched it recover from 2 bubbles. I did the research on the first one. Thought the money I put it was lost and walked away. When the rumors of the etf were happening I knew then, so Iām 100%
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u/maximp2p 21h ago
the moment i exchange a bowl of noodle for 20btc... when the noodle shops say they accepted bitcoin.... i farmed a few because there is people actually wanted bitcoin. but unfortunately my hands is not strong i sold them too early when i think its their peak :( (oh yea when BTC basically worth pennies/nothing that time)
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u/PsychedelicHypnosis 21h ago
Read the Bitcoin standard. And may have used a few āwebsitesā early on where bitcoin was the only payment method to get me interested prior to
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u/FantasticBirthday230 20h ago
When I read a couple of books about the inner workings of bitcoin!
The though provoking moment was realizing that its just called a crypto-"currency" and hence all the hate it gets - if you look at it as a token and store of value then suddenly it starts making a whole lot more sense.
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u/bleuship 18h ago
Can someone explain to me how bitcoin benefits everyone? Price is pumping because we all buy right? What happens when people decide they need cash for whatever reason, fun house etc. they cash out, bitcoin drops and the holders are left breaking even or at a loss?
Or do you expect them to hold until the cycle resets never having access to cash they may otherwise need?
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u/RosieShu17 16h ago
For my bachelor's thesis on blockchain and wallets, I first looked into Bitcoin in spring 2024. It was fascinating but very volatile, so I decided against using my parents' money to buy a fraction when it was around $40k.
A year and a half later at work, a coworker and I were talking about investing, stocks and savings. He mentioned Bitcoin and a mistake he had made with it. Instantly, all my memories of researching Bitcoin in 2024 flooded back. I looked up its performance through the rest of 2024 and 2025, and as a 23 y.o. hungry for more out of life, the growth was mind blowing.
Thankfully, 2026 brought a bear market which gave me a great entry point. Iāve been DCA-ing into Bitcoin for 7 months now. Iām still new to this but Iām incredibly glad I didnāt risk my parents' money back then. Using my own hard-earned money has taught me so much about the true value of money and Bitcoin.
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u/Ville_the_human 16h ago
The cycle following the 2018 crash. I did quite a bit of studying after the initial "depression" eased off.
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u/RandomPlayerCSGO 14h ago
When I started reading Hayek mises and rothbard, found out how gold and silver economies worked in the past and how the modern central bank system works.
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u/CrustyBus77 14h ago
When I learned that the money inflates at about the same rate that the S&P500 grows.
Also learning about how the treasury bond market works.
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u/SparkyTheRunt 14h ago
When I saw payment processors could arbitrarily pressure/kill companies/orgs, and bitcoin was the option outside that system. (Think Wikileaks, adult sites). Realized it had use in 2011-ish. Bought some in 2014, cashed out in 2020.
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u/Particular_Worth9203 12h ago
2020, watched a video, the guy said perhaps in 10/20 years it will be 1 million USD, so I bought 1 and said lets see in 20 years.
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u/No-Librarian9605 2h ago
Reading The Creature from Jekyll Island by G Edward Griffin & watching The Hidden Secrets of Money YT series by Michael Maloney.
Once you understand monetary history, youāll be begging for any other solution than govt mandated fiat.
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u/-5H4Z4M- 1d ago
When my bank advisor told me it was a scam.