back then when my client asked
That's why I never participated in airdrops. Airdrops is a method to attract users to a new proposed coin. The free offer will allow you to collect some coin, which cannot be exchanged or withdrawn. Airdrop tries to lure big investors, if the company manages to attract new investors they will then launch ICO. Even when ICO is launched they have a long way to go, or to be listed in exchange, so to speak.
This is actually true of a lot of users in the cyptoworld at the moment. There are many that had bitcoin when it first released or achieved it through an airdrop, however have since lost the wallet and therefore do not have access to the funds at the moment. This is referred to as lost funds and it can be quite disheartening for those that could have had quite a few bitcoin however are unable to access it.
I got to know about bitcoin in 2015, when 1BTC was equivalent to $400, then I bought $30 worth of bitcoin from an online agent on localbitcoin platforms and transfer to my Blockchain account, I also bought from Luno and transferred to my Blockchain. The last coin I transferred from luno was December 18 2016. I got tired of the whole coin when I was scammed of $60 here in my country, all in the cause of bitcoin. I abandoned my Blockchain until this year, when I heard that 1BTC = $8000. I moved back but my Blockchain account where all my bitcoin was kept inside, was a serious problem, I lost everything as I could not access the account again due to change in device and I can't remember any paraphrase. I have opened another account now and I'm starting all over again.
Wow, you started using bitcoin in 2008? As far as I know the first bitcoin ledger was created in 2009 by someone called Satoshi Nakamato. It is not known whether it is a name of a person or a group of people. When bitcoin waa created in January 2009, it was 0.0008 USD
This is a very low value for bitcoin and truly shows how much bitcoin has grown over the years and how the popularity alone has caused an increase in the price from that 0.008 USD to over 30k USD at the moment. This is a major growth. Based on the value that it started off with, chances are that faucets at that point would have been awarding close to one bitcoin to each of its users. However at that point, no one could have successfully and accurately predicted how the price would grow exponentially as it has.
I don't think there were bitcoin faucets back then. Bitcoin did not become popular until 2014 or 2015 when it started to be accepted by major market places including Microsoft. At the beginning of 2016, bitcoins were playing at $400, however, by the end of 2016, it was already $900. I remember because I used to accept payment via bitcoins.
One of the common issues of using mobile crypto wallet is losing money when you forget seed phrase. I also lost some bitcoins when I forgot my seed phrase. However, it was a small value, just about $5. I have heard of local bitcoins however, I have never used it. I have also never bought any bitcoins, my source of bitcoins is the payment I receive from clients and paid to post sites.
Even at a price of 400 dollars, the value that you have gotten or rather the amount o satoshi that you would have gotten would have been quite large which if held until now would have seen some major profits. you say that you used to accept bitcoin as payment during that time. How has the price changes over those periods affected your business? I think the fluctuation in price is what scares off most businesses.
