By Alvin Chow
8 Jul 2014.
The day I bought my first Bitcoin.
I bought it from a Bitcoin ATM at CityLink (the machine is no longer there, but can be found in other parts of Singapore.)
It looked something like this:
Jon had recommended a wallet at blockchain.info so I opened one and transferred my Bitcoin from this machine.
I didn’t know that Bitcoin will become so hot at that point in time. In fact, the price had just fallen 50% after it surged past US$1,000. One mantra I learned from the stock market is to be a contrarian, acting against the crowd often pays off well.
Plus, what’s there to lose if I just use few hundred dollars to buy the future of Bitcoin?
Later, I also learned that I could buy Bitcoin over independent exchanges.
Being a skeptic, I was fearful of illegitimate and fraudulent sites that could cheat my money. So I read a few reviews and found itBit exchange which has an office here in Singapore. It gave me more assurance, especially with the multi-layered security checks on the platform. So I bought more Bitcoin over the next 1 year.
4 Jun …read more