My Story on How Would I Get into Bitcoin

It was around February 2013 when I’m still 3rd-year Computer Science Student. I need a new laptop for our thesis project ( Our Thesis is 3D Sepak Takraw) So I need a laptop that could handle 3D programming. Luckily, I found one of my classmates. He was selling his Dell i5 Laptop. He mentions that he will sell his laptop because he was building a Bitcoin Mining Setup.

The photo of is come from one of the snippets in my first talk about bitcoin and cryptocurrency

I ask him about it Bitcoin thing. He said something like internet money / digital money that you could get once you have a good computer to mine bitcoin. After our transactions, I immediately try my new laptop and I search as well about bitcoin thing. Honestly, I didn’t understand any single thing about it at that time. So I stop reading about it. That time, the price of bitcoin is only around $100 ( Php. 5000 ).

What is Bitcoin anyway?

Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middlemen – meaning, no banks! There are no transaction fees and no need to give your real name. More merchants are beginning to accept them: You can buy web hosting services, pizza or even manicures. Yeah, It’s like an internet money / digital money that you can’t touch just like the internet.

The idea behind Bitcoin mining is that you are using your computer to solve a mathematical problem that requires computing power. By solving mathematical problems in the network you have the reward with bitcoin which you could buy some items online that accepts cryptocurrency.

Fast Forward

Fast Forward, after hearing bitcoin 5 years later. I start to see a lot of news on my facebook regarding Bitcoin because it reaches again another milestone. 1 Bitcoin is around $1200+ in April 2017. If I remember correctly, I put it on my todo list that I will study about it but I never did. The opportunity comes to me but I’m not ready. So I didn’t bother to research it.

Until some of my friends in startup talking and posting their gains on investing in this bitcoin and cryptocurrency thing.

This made me really curious because my greedy self would like to earn some money as well.

First Meet-up Attended About Bitcoin and Cryptocurrency

Photo From the Cryptocurrency Philippines Group

It was September 2017, when I finally convince myself that I should learn about this. I attend my first introduction on bitcoin and cryptocurrency meetup in Makati. Initially, I watch some youtube videos about it to have some basic understanding.

I’ve got introduce to Blockchain, Bitcoin, Altcoins and Technical Analysis. Honestly, at that time I didn’t understand a single thing about Technical Analysis because it was my first time learning about where you try to draw some lines to be able to see where the price will go.

China Ban of Bitcoin and Cryptocurrency Trading

I couldn’t really forget that day, because that month is the exact time where China announced that they are going to Ban the cryptocurrency and bitcoin trading in their country. We are still in the meet-up at that time where a lot of people seems talking about and we see the live prices of the bitcoin get the dump and the market is in the bloodbath ( All of the prices are in red).

At that moment, it feels like I’m only the one don’t fully understand wants going. I really miss the feeling that you are completely new to something.

After I eat some pizza, I immediately left on the meet-up because it’s already 9 pm.

I learn the fundamentals but I realized that there still a lot of things need to be learned in this exciting technology.

Moving Forward

Yeah, in the beginning, I study the basic of bitcoin and cryptocurrency for investment purposes but the more I read about it. It makes me more excited than ever about the possibility of this technology at some point in the future. I miss the golden opportunity, but I know as well it’s not yet too late, because of only a few people familiar in the Bitcoin. There are still have a great future ahead. People who get into this stage are still considered as an early adopter.

I’m really curious and fascinated by the emerging technology behind bitcoin which is the Blockchain. So for the past few weeks, I’ve been diving into the technical details of the blockchain and checking some courses online. I’ve been playing around as well on how to develop simple blockchain from this Youtube Video.
By this time, I’ll try to document here in my blog the contents that I’

Lesson Learned:

You will miss an opportunity when you are not ready but make sure when it comes again to grab it with your both hands and don’t let it go !