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Remembering 2018 Crypto First Touch and Its Lessons
Back in 2018, living in Europe, I rarely heard about cryptocurrencies, and it seemed to be something unclear, often associated with pyramid schemes and scams. One day, walking with a friend in a big European city, we came across a Bitcoin Store. They offered buying Bitcoin via an iBox and instantly depositing it into a trading platform. I had just opened a Binance account at that time. I purchased about 1,000 euros worth of Bitcoin at roughly 18,000 euros per BTC and transferred it to my Binance account with help from a store consultant, as I had no idea what to do with it back then. I recall the transaction fee was a staggering 20%. That was my first encounter with Binance and cryptocurrency overall. Later, Bitcoin's price dropped to around 4-5k, and I lost faith in it, shifting my investments into less promising altcoins like Neo and IOTA, which eventually dried up my deposit. Despite the losses, that experience stuck with me vividly. I even posted a photo on Instagram standing in front of the Bitcoin Store when I bought my first Bitcoin. Now, reflecting on that memory, I wonder—what would my friend say about it now? 😅
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AI Analysis
This narrative offers a personal account of entering the cryptocurrency space during its early days in 2018. The individual’s experience of buying Bitcoin in a European city, encountering high transac...
AI Recommendation
For new investors, this story serves as a reminder to thoroughly research and understand the intricacies of crypto investments before committing capital. Caution should be exercised regarding transact...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.