Bitcoin Forum

Hi, all. I know that everyone here would have made some terrible decision about BTC. So I was wondering, what is the worst decision that you have ever made.

Personally, my worst decision was gambling 1.3 BTC in dice, just yesterday. :)

For my personality, my worst decision, at I put a lot of my funds into the cloud mining site(HO) and then I short time after that HO turn up into the scam and I lost all of my funds in them and the fuckin decision is made by me. but after it, I got some experience to never touched with cloudmining again and caused by seeing the suggestion a lot of people in here giving a bright thinking for me. The total amount of i invest on them is 1,5 BTC.

Im sorry for your loss but what you were expecting gambling bitcoins against the house? This should be a lesson for some people, stay away from those, the potencial rewards arent worthing the huge risk associated at it. My worse mistake at bitcoin were to had to sold last year, i could had made 2x the money i made if i just hold it for a bit more.

Your right, gambling often leads to a loss of the coins, I lost some fraction of Bitcoin this way as well. The problem is even when you get lucky and you are winning you often dont stop, which then often lead to some losses which you get upset and you gonna try to win it back or even be in the profit again, but this often lead to a rage bust and loss of all of the deposited coins. Other than that I never used cloud mining sites so Im out of more Bitcoin worst decisions.

My worst decision in bitcoin was investing almost all the money I have earned in bitcoin in a ACM cloud Manning site named minute btc and also bloom btc they ran away with all of my btc at that time

That is true worst decision its because we all know that the gambling is not profitable but you will pursue to invest and to gamble and i think you already learned about your experience and i hope you do not gamble again.

I first knew bitcoin in 2011. I didn't risk a lot so my stash used to be in the hundreds (had I risked, it could be thousands), then I was hit by a car → broken leg → some months on sick leave → reduced income → had to sell in order to eat and pay bills.

I should have starved a bit. Seriously.

Not sure this counts as a "decision" but still.

My worst decision is i did not stick with my plan that i will not get any Bitcoin from my Bitcoin wallet but instead i send Bitcoin to 1 of my gambling site that i am playing and after a long run i loss that deposit.

my worst decision was to not buy the first time I've saw bitcoin

I feel sorry for your loss mate. My worst decision is joining cloudmining sites also or doubler site expecting my coins will be doubled, then I loss all of them, but that was before when I didn't know yet this forum. And when I joined here I never go back in any cloudmining sites and I'm totally against ponzi sites because of scamming people.

My worst decision was way back in 2009 when bitcoin was about 70BTC/1USD and I didn't buy it because I was invested at the time in iraqi dinnar and I tought to my self that I should not go into another avanture. After that I only came back to bitcoin a month ago and haven't got the change to make any bad decisions.

Yeah many of us here got victim of cloud mining and get people money .but now many of us of this community learn a lesson that don't put all your money in any kind of ponzi and hyip investment . I feel sorry for your lost brother ,but try to recover it again.

Wait, so did you lose all of your bitcoin that you gambled?  That's quite a bit.

My worst decision was dabbling in the loan market earlier this year,  got burned for 0.3 btc.  Learned my lesson there that collateral is key and people here are not to be trusted.

I only lost my BTC to two things - gambling and HYIP sites.

In gambling, I used to go YOLO whenever I get angry. I feel like the whole thing is against me so I keep losing. And then I get the feeling of being lucky for a round and then I bet a lot of coins while in my mind if I win that round, I'll recover all the losses that I had. Unfortunately, in most cases, I don't win that round.

When I was still a newbie, I used to invest in HYIP sites and bitcoin doublers. You all know the drill, we thought that those sites are legit since they are paying at first. But sadly, they are just ponzi sites and would runaway eventually.

So far, the worst thing I've done was to buy altcoins at their peak prices just to see them plummet day by day. It sucks that I didn't do a lot of reading and research before buying that is why I wasn't able to anticipate what is going to happen. I'll just charge it to experience since it is not something that's really big and I would just keep learning new things to avoid any more of those mistakes.

Selling some around $300..

I have sold most of my Bitcoins at 300ish. Bought them at 200ish so that looked good at that time but i could do lot better and now idk if i should buy at this price now or wait.

I also went on a spending spree, when the price reached $800+ a few years ago. I bought gifts for friends and all the stuff we needed in the house. I should have spend less and kept some more, because the price rocketed past $1000 soon after that.

I still have some of the items I have bought back then and we had a good shopping spree, but I could have had a lot more bitcoin now. ^hmmmm^

My worst decision is buying bitcoin at the price in $700 and selling in $650 maybe it's not a big amount just .3 btc but for me is the very high amount. well, i never wanna buying bitcoin if the price of bitcoin is more than $600. and I selling caused by obliged about the urgent needs . >:(

Wow.. 1.3 BTC? That hurts a lot dude.. That is a huge money but you dont have control over it so it is not actually a decision I think. haha. As for me, I think that worst decision about btc is buying it at a very high price then sell it at a much lower price just to cut the unrealized losses. If someone really needs money then its understandable but if they just sold it because they are afraid that its price will continue to go down then it is the worst decision they can make.

the worst that i've done is, when i selling btc but i am not take a look any charts position and don't read any news and this is happen when the rate is up from $300 - $350 before halving. its sadly but nevermind, i can get again tomorrow.

A similar thread was created recently by another member here https://bitcointalk.org/index.php?topic=1567716.0
This is what i had posted as my worst desicion about BTC

My worst decision is, I once bought something in a sites that clearly looks disrepair and untrustworthy. I didn't do so much research on the site, then after I pay my Bitcoin the site still does not deliver the thing that I bought.

Worst decision for me was to put all my money in altcoins which have peak values and loss atleast 40% of my total investment within 7 days. As i was new to cryptotrading that time and was just trying to earn reliable return but this loss made me frustrated and leave the idea. However these days i know how to do safe trading. Learned lesson from that lost.

My worst decision probably is losing all my earnings in gambling. Because all I have to do is click the withdraw button then I am out but my greediness kicks in and decided to to double my earnings. I was left empty-handed.

this is why some elder in my region say that gambling will not make you rich it's only make you even more poorer,if you win then it mean you're going to lose what you win next time because you just can't get away from it after feeling the pleasure of winning

my worst decision is i am not buy when bitcoin in rate $200 before halving, and not buy again when its $300-450, now i think its too late to buy so i just make trading all the btc i've got.

 It is really about a matter of controlling yourself. Gambling will be bad if it always take your money. But if you are in control you can actually win and gain some. Don't take greediness take over and always learn to say enough is enough.

My worst decision was that a few weeks ago I bought some bitcoin at the price of $60 and now when I see that the price is at $600 then I hope that why I did not wait.

I'm sure many people have the worst decision on gambling too and me too. I lose around 2-3 bitcoins on gambling and it's really worst and affect my life so bad on that day.

Sorry about your gambling decision,dude. :-\

I don`t want to risk my bitcoins so i don`t gamble.

My worst decision was last year, when i sold all my bitcoins for 400$,instead of holding them.

You either make $1000 or loose $1000.   Sounds like you lost. 

In Gambling, The chance of losing your money than gaining is much higher. That's why I'm staying away from it as much as possible

My worst decision about bitcoin was to avoid buying a lot when i first heard about it.... I think that's common here.

My worst decision about other cryptocurrency was to trust in Cryptsy for my LTC (fortunately not for btc). Cryptsy scammed me.

Have a nice day  :)

its always better to buy from the trusted websites or do a lot of investigation whether the site is legit or not, my biggest decision is to gamble some of my bitcoins

you can find people's worst decision on this thread:
https://bitcointalk.org/index.php?topic=1567716.0

why you don't share your dicision on the already exist thread instead of posting another one to spamm around the forum?

I am surely going to report against you.

My worst mistake is probably losing alot on gambling. I don't know how much I have lost because it has been spread over a few months, since then I have changed the type of gambling and quit using Dice sites, I find this works better for me.

My own worst decision ever in Bitcoin was thinking it will be so easy to make 1BTC then multiply by 10 thereafter convert it to my local currency at the rate of $678 dollar then, after that Im a big boy but its not at all rosy. Hoping to get there either way and achieve my objective...

I would think going to a bitcoin casino and opening an account and wasting a year of my life going there
and using their website.
So much BTC hence money wasted there! ::)

That is the biggest regret of my life using BTC!

I feel your pain here. In the past I was fascinated by cloud mining myself. But it turned out that 99% of these services are simply scams.
Some designed better so you can be fooled, some so obviously covered by paper thin lies that you can tell by first glance they are not mining.

yeah, gambling used to be my huge problem either though i managed to escape it right now and i dont gamble my money any more that was a great decision to make for me

I guess I was the worst decisions in the store bitcoin wallet too long without tight security, well, I think it would be fine, but when I open it on another computer, I lost bitcoin I keep in the wallet that I use. I should make strict security on the wallet, because I think of my friends who took the bitcoin

My worst decision so far has been putting too much of my Bitcoin into altcoin trading and ending up with a fairly sizeable loss, considering that I didn't really know a lot of what I was doing. I learned a fair amount from that experience and I have a bit more knowledge of what to do and so now, but that was definitely my worst decision.

Well, everybody had their bad decision, but your experiences are valuable information for us as beginner.
So we know about decision for BTC that we earn, just like “do not put all eggs in one basket”
Quote that always remind you to be careful and have back up plan,
Thanks for share your experience.

yes that is also a fact but to me the worst decision about bitcoin in present position is to sell it in such a panic situation. i think you should be strong and decision taker, and you should hold your bitcoin because it is expected that the price of bitcoin will increase too high in next few days, therefore it will be worst decision about bitcoin if some one is going to sell it in this position.

Worst decision?
My recent worst would be not to sell when bitcoin was trading around $660, being a trader I missed to book profits there.

My life time worst decision, I always regretting was not adopting bitcoin when I first heard itself.
I decided not to enter bitcoin system (due to lack of awareness) way back in 2011 when I first heard about bitcoin when the price was about ~$25.

last week my worst decision about bitcoin was that, when the price of bitcoin dropped down to $635 then I decided to store them in xapo cold storage but then I thought that I will have to wait a little more maybe the price once again bounce back and in that wait now I am seeing the price reached to $580, but now I will not store them as the buyers has been increased and now the price will increase sooner.

yes that is what i am also thinking so, at that time the price of bitcoin was very low, i was so stable in fiat currency point of view so i was able to afford a good amount of bitcoin to by but i dont know way i do not give any attention to bitcoin. although my friend requested my again and again to buy some bitcoin and hold it but i refused saying that i do not believe on such things.

Storing bitcoin at Bitfinex?

....too soon?

wow all of these stories, people gambling 100$+... I don't even have enough btc to buy some chewing gum but probably the worst would be gambilng 10$ away :/ yeah, that's quite significant amount for me :D third world countries...

I made a worst decision when i was withdrawn all of my bitcoin funds then i spent on drunking alcoholic drinks with my friends. Too bad, because i never expected that bitcoin could be double after a week i withdrawn. Thats my bad experienced.

My worst decision was staying aside from this ecosystem even when I knew about the existence and potential of bitcoin four years ago. Even I opened my first wallet then, and had several opportunities to acquire some coins at very low price, but my indecision made me lose a great opportunity.

i think the worst decision about bitcoin that a lot of people have made and also will continue making is keeping their coins on an exchanger as it was proven over and over in the past, they allegedly get hacked and will run away with our money.

So far I don't have worst decision about bitcoins,...Instead i've enjoying trading,joining in the signature campaign, Getting faucets in different site, and sometimes translation bounty, Though I know gambling is not a good idea ever since because I'm not a gambler. :)

My worst decision:

1. Ignoring BTC for a can of soda ~6 years ago :'(
2. Emotional trading (Still catching up on past mistakes)!

I bought a lot of stuff with BTC when it reached the $250 price. One week later, it skyrocketed to $600 if I remember correctly. I still regret it, even if I was 100% sure it has to happen. Because it's me always being unlucky, lol.

Hey any tips on controlling gambling addiction? Please help us. And also is it hard in doing it, what alternatives did you do to stay away from it?

Probably the worst time i made a decision about bitcoin is probably when i gambled with 8BTC and i lost 2BTC which is about 1600 dollars.

Indeed, it was the worst decision because we all know that the game does not allocate gambling but you will catch up to
invest and to gamble again . I reduced pin you learn a lot about your experience and I hope you do not repeat it again

Gambling addiction is one of the hardest problems to stop. If possible make a permanent commitment to stop gambling. Surround yourself with people to whom you're accountable. Avoid tempting environments and websites. Give up control of your finances (at least at first) Find healthier activities to replace gambling.

My worst decision was putting bitcoin in crypsy exchange for trading. I lost most of what I out in that site when they stole the bitcoins. Almost no hope of getting anything back.

My worst decision I made about bitcoin is when the time I sold all of my bitcoin in my wallet when the price was at $455. I still remember it was a few days before Christmas when I sold all of my coins.

Worst decision for me was to put all my money in altcoins which have peak values and loss atleast 40% of my total investment within 7 days. As i was new to cryptotrading that time and was just trying to earn reliable return but this loss made me frustrated and leave the idea. However these days i know how to do safe trading. Learned lesson from that lost.

mine too

The worst my decision was when I first investment and it is HYIP, I put a sizeable amount. worse they scam after a few hours I invest

I hate that feeling at being at a crossroads too with that indecisiveness aswell.
If it wasn't for that then I would be doing ok with bitcoin instead of fighting for scraps right now trying to get enough to feel like I have enough in savings for a raining day like yesterday during that bitfinex.

Not sure if it's either your fault or crpsy's fault, or maybe even both.But that should've been a really good lesson learned the hard and costly way.

I believe a strong imitative about how to protect the earned bitcoin must be started to help most of this community members as we keep on seeing this kind of loosing bitcoin due to lack of proper knowledge on how to secure bitcoins.

The worst decision I sell BTC hurry and the next day after i sell, price go up to $700/BTC. This is the worst decision for me.

The only gamble I am doing right now is Stock Investing compared to the risk of betting it is low as if you have fair knowledge to what you buy for sure you won't be overcome with emotion. So I suggest now to stay away in gambling but you go for the safer and easier way.

This doesn't count as a mistake. You are only saying that now. But if the price now were below $100, you would say that selling at $300 was genius.

People who are addicted to gambling will never quit gambling as they want quick money and gambling is the only way to get there, but they forget that gambling is also an fastest way to loose money.

Worst mistake that I have made with Bitcoin is that I one time sold to early if I had waited a bit longer I could have made more money.
I am sure that I am not the only one who this has happened to.

Worst decision i made was hmm trusting some ponzi or scheme website i wasted my money in these kind of website where they ran my money and some people who invested their money in the  investment website i know sometimes we had the same reason and worst decision about bitcoin.

Dayum. and I thought 0.05BTC is a huge loss..

Investing in ponzi and going for gambling with my hard earned coins where I never earned some money so now I prefer to stay away from those sites and prefer to invest in trading to make regular profits.

Mistakes are bound to happen when you are making an investment in something that is really new to you, but that's an part of any investment and you need to make sure that you don't repeat the same mistake in future.

Dice are killers, they mostly take away big amounts from people.
Coming back to the topic, my worst decision was investing in hyips at the time when i was new to bitcoin and accumulated hardly some bitcoins and lost them there, that really hurted me a lot that time though the amount was not that big but my hard work made me feel bad for myself.

I made two big mistakes so far

The first was procrastinating on buying bitcoin getting into the market - it took a couple of years before I did - buy luckily the price was ow at 252 when I got in  - but I was thinking about it way before the peak.

The second was trading all of my DASH reserves to try and make 10% on a trade just before the market exploded.

Both were pretty good lessons to be. Don't procrastinate and never take on too much risk.

So far , i haven't made a worst decision with my coin . Some of my decisions are not considered to be worst because it is an oppurtunity for me to experiece the feeling of regret from making some bad decisions so in the near future i can already prevent myself from making a worst decision . Getting scammed by a investment sites for a small amount would be able enough to make you wiser from using my coin .

I also lost some Bitcoin in gambling , but my wrost decision was investing big amount of my Bitcoin in a scam ICO coin , whereas the dev ran away with our money , now , I have more experience and I know where I should invest and when should not , the high number of ICO projects now make anyone confused .

putting your bitcoins to the exchanges are usually a really bad decision so i never do that, in my opinion its better to just hold it and not move it

Gambling is never a good idea, it is designed to beat you ???

my worst decision was to sell bitcoin on Ebay a few years ago and i was scammed with hacked paypal accounts, ended up with a lose of around 1.8btc ....  :'(

gambling is a really bad descision to make because it involves a lot of risk, though to be honest i used to do that too and i lost some money

Everyone has lost their money in gambling in the past, as with bitcoin you can gamble very easily so when people come to know about it they got crazy and start loosing their money in it.

You are right many of the people who were not allowed to gamble are not gambling without any restriction from their state and as they are newbie to gambling so they are losing much higher amount in there, and that is their bigger mistake that they bet without any learning and experience.

I have a lof of coin in exchanges - but only coin that I'm trading with - everything else is in cold storage. I try to use multiple exchanges to reduce the impact of a MtGox situation. I was lucky so far, I only lost a small amount on Cryptsy (and actually made a profit in the final days as CEX.IO decided to stop alt coin trading and nobody else wanted to transfer in to cryptsy so made huge profits on low CEX.IO price and high crypsty pirce)

My worst decision would be not engaging into bitcoin early.  My friends told me before about bitcoin and I was like okay it is not for me because I am not interested as it is a big question mark for me.  How could I pay that earned money to buy some stuff since there is no real money on hand.  Then after a year another friend told me about it and then he introduced it to me.  I regret that I have not done it before.  I could have more money now and could have a lot of savings. 

I think a lot of people (me included) have the same feelings, luckily, there is still potential for massive growth in many sectors of crypto, the technology is still in its infancy in the grand scheme of things - so maybe we could all be sitting on some huge savings in a couple of years time.

I know that's what everyone recommends you do to keep your BTC secure, but is it practical for trading? Things happen so fast in the markets, there's no time to wait for your BTC to transfer.

I think we should consider ourselves as an early adoptors as there are many people who are not aware about it and when they get into bitcoins we would be holding large volume of coins.

actually not only lose in gambling that the worst decision. but also play gambling was the worst decision.
My worst decision when my friend persuade me to invest in hyip and I put a high amount there.

Invested three (3) times to ponzi schemes that I did not know were ponzi schemes.
I was just a kid in bitcoin back in those days so I didn't know.  ;D

I think we should not blame others for loosing our money, it was our money and it was our decision to invest money in those sites as we were greedy and were looking for shortcut to earn money.

I invested in two ponzis too, but was very lucky as I withdrew my funds just before the collapse. One was bitcoinmine which had been going to two years - and it started offering crazy unsustainable deals which made me decide to get out ASAP and the other I got nervous about and it went offline just a day after I withdrew. I don't invest in 'HYIP' anymore, even though both endeavours were very profitable for me, the risks seemed too high for the rewards.

Investing in ponzi is not a good idea where you gonna put your bitcoin there and after a day that website are going to run all of our money i made this before been there than that where invest all of my money in ponzi i wish that i could bring the time back so that i can bring back my lose.

Money that has lost will not be recovered again but we need to make sure that we don't enter those places again in future as repeating same mistake again doesn't make any sense.

My worst mistake was spending all Bitcoins that I had then. I had 3 BTC that I won on gambling and I've spent it all. That was stupid and so far I didn't make to collect this sum again.  :(

You said that it was your worst decision that you have gambler 1.3btc in dice site and you are still smiling.Have you won or lost all of them.
If you lost then its really big amount to loose in dice gambling,and it would require a lot of time for you to recover from this.I have also taken bad decisions and lost in gambling but did not lost that much amount.

Oh man that's really crazy, if you would have saved that coins by now then you would be enjoying great profits today, if I would ever have 3 btc in wallet then I will surely try to grow them.

I had 3 BTC too in the past but I sold it while the price at 200$ for each BTC. That was the bad decision I've ever made.  I need money at that time and those btc was the only valuable thing I can use so I failed to keep those btc.

spent it in what way? lost it again with gambling, or did you spent it on things you have bought? that's a significant difference. if you lost them with gambling, then it's sad of course, but totally your own fault. at least you know that you are better off to never gamble again.

you are right, i think i would be just holding my bitcoins besides of that in order to make even more money over time

Yeah and 3 btc is not a small amount to loose, If I would loose that amount in gambling then I would surely go crazy and stop using bitcoins as it will be difficult to collect that amount again.

It also depends on your mindset. If you have a sense of optimism and not easy to change your mind then it is something that is profitable for you, but if indeed you have the changing mindset then things you should do is forget and save it

Yes we have different ideas on how we would like to grow our money. If he really think it is the safest then go for it. But you wont take away how others do it also. Risking some of it for a better profit in the future. To gros more so that as time pass by it will be larger in exchange.

i had been several times made worst decision during use bitcoin and one of them is i was decide to investing at cointelect 0.5 btc because my friend has tell to me that he could got daily profit from there so i was so tempted with what he say and invest at there but unfortunately these sites has become scam site before i could ROI

Probably the worst decision that I did was, when I tried to invest in mining site then invested into it and my investment was eaten by that site only, Therefore  I lose small amount of satoshi which is o.03BTC that is my bad experience in this field.

but in my case, because my friend suggested me to do it, but it is a decision I have. but if he did not persuade me, maybe I would never invest in the site. but this is an experience, so it will not do the same thing for the second time.

If your friend didn't suggest you that, then you might have lost that amount at another time. The good thing right now is that you know what NOT to do, right?

Compared to yours, my losses are nothing, losing 1.3 btc in just a single day is really a bad feeling, i saw someone crying around somewhere in the forum for losing something similar to yours and wishing to kill himself.
Well my mistakes were always investing in hyips which never turned out to be good obviously, though i did not lose much but according to what i used to earn that time it was a lot for me.

My worst decision was when I first heard about Bitcoin from a friend I didn't pay any attention to it. Bitcoin was $5 at the time and I thought that even that price was too high for such a useless thing. When I think about it now, when I calculate how much money I would've made if I'd just paid a little more attention, I almost start crying.

Yeah that was the mistake we all did that we didn't get into bitcoin at the right time and that was an opportunity to get rich in future and we have missed that opportunity.

I only did one terrible thing that was gambling a large amount in SatoshiDice. Man, and when I say BIG is VERY BIG. Like a thousand of dollars. I fell in a Scam (moneyinpjs, Karl the miserable scum). It's hard to accept this but at least the gambling loss was not so painful. Lost money in scams is the worst situation.

Gambling and the scam sites are the two places where almost all  users have lost their money at least once in their lifetime, but wise person will never choose that track again in future.

Yeah ,but the matter of fact most of the users also are on these two sites and most of the gamblers are not learning from their mistakes and losses .
I have a friend which even she know the circumstances and she already scam more than thrice but she doesn't learn at all .even she said this are all scam in the end ,but she keeps on investing .
Well i just say as i experience it is my worst decision to go on in a donating site that scams me ,but im thankful its just only small amount but i've learn from it and not investing again .

Well there are some people who will never learn from their mistakes and keep on investing again and again hoping that they will recover their past losses, but unfortunately that never happens.

Basically the most common worst decision that we bitcoin users is spending it to gambling to try to improve our earnings yet end up losing all and also investing it on those ponzi sites

That is the common mistakes mistakes committed by almost all users, when I first gambled with it, I won and that made me greedy and I started to gamble with higher amount which resulted in loosing everything.

I can`t think about some decision with btc that was worst for me. I think I said already that I`m a gambler, and mostly of my bad decisions are connected with gambling with bitcoins, cause I gamble just with btc. Only one thing is I regret about, that is not saving coins from time to time in some secret wallet. Other decisions are good, moment I joined here was one of the lucky moments in last couple years.
I hope in future I will start to pay attention more on saving, but its very hard for me to save when I`m always short with cash. Other then this, every decision about bitcoins was good.

And that's why you shouldn't invest in HYIP's, even if they pay out a couple of times, you will probably lose in the long run.
Plus you're enabling them to scam other people too.

Fortunately I didn't have any bad episode, wise investments done by me for now.

My worst decision was when I lost my bitcoin bought for mining, the mining site closed down and lost too, to gambling all together about 0.03btc.

Hyip's will pay you at initial stage to gain trust from you, and you will try to invest higher amount to get higher profits but then those sites will simply disappear with your investments.

I think there is nothing to regret about for you. You don't invest in gambling money from your official salary that your firm pays you. So those money that you lost on gambling were made only with using some part of your free time that you spent to make that bitcoins. I think it is smart to play games like you do. But yes, it would be also nice to stay like 50% of your bitcoin earnings for saving for future.
I wish you lot of luck and more winnings with gambling! ;)

Lol if he have spend enough time in reading the experiences of people on this forum then I am sure he will be alert about the scams and ponzi sites that are operating around.

Ohhh that's sad that you spend all your bitcoin that you had or you earn 3 bitcoin is lots money where you can buy a new gadget for that or anything you want from internet for me if im win that amount im not going to risk it agian on gambling im going to withdraw it all and spend it to my love ones :)

i have made alot of bad bitcoin decision from trading to gambling but i think my worst decision was to invest in a mining site which then ran off with all my bitcoin so yeah be careful where you trust your bitcoin i was not smart enough to do that and now i have to pay the price of being scammed.

You are not  the only one with this case.  Way back 2013, bitcoin cloudmining is so popular that every now and then lots of cloudmining company were established.  By 2014, there are more cloudmining that were announced and majority of them are just ponzis.  And I am one of those people who lose some amount of bitcoin from those ponzi cloudmining companies.

Yeah even I lost my majority of my coins in mining and gambling in the past, and now I regret that if I would have saved those coins for now then I would be having enough balance in my wallet.

Worst decision was spending all my bitcoins at one time. Couldn't be helped at the time, but still. Should have looked for other ways. I had to start again and the thing is, the buy was at $1000 at the time. Urgh.  Anyway, after spending,a close second would be gambling away 2btc in a single day.Must have been possessed. lol.

I think one of my worst decision in bitcoin is that i use them to invest in a cloudmining company when i was just starting.  I think I invested around 0.8 btc total.  not much but for me it is a big lost because i work for it.  Anyway after investing to  cloudmining, it was a good payout in the start then week by week the payout is getting smaller until the cloudmining company shutdown.  I haven't got to ROI .

I always liked the sound of cloud mining - but was put off by hearing other peoples experiences of using it on this forum. After hearing all of the horror stories relating to cloud mining I'm very glad that I didn't subscribe to any.

everybody interested in bitcoin will at some point read up on the whole mining thing in bitcoin. after checking a bit more most of them will find out that it is probably not profitable or to risky to find out for sure, especially the high initial cost, noise and electricity. then they stumble on cloud mining and it sounds to good to be true. and of course it is, but it is human nature to want to fall for it. i can understand this.
what i can not understand is, if people tell you that it is a scam and you do still invest in cloud mining, because you are hoping that the service you are using is the one that is honest or you do not believe the other people warning you. looks like those people need to learn their lesson the hard way. no pity.
so i just want to congratulate you on your decision and please spread the word.

That's exactly it, well said. It's one thing that people try to invest into a certain service where they think they can get a good return from, but it's a completely different thing when people "invest" their money into obvious scams. That's something I never understand. You are only feeding them and making them earn a lot money. Plus you are the reason of why these scams exist. If no one is using them, then they won't have a reason to exist.

I didn't buy btc in 2011 when it was a few dollars, I considered bitcoin is a useless internet coin or ponzi scam like many others think. I have to regret but no chance to get my life back.

so good thing that i didn't do the same thing as yours. i didn't put a lot of my funds to some cloud mining sites such as Hashocean because i already sense it coming that their website will shutdown . that time i am just starting to earn from signature campaign so that i haven't tried to invest my some of my coin there .

People do act perfect only when they get enough maturity. But, all the decisions are taken for a good cause unfortunately turning into worst. People so far sharing their experience for their concluded decision, hope your investment is also completed with a better benefit for you.

My worst decision was investing into cloud mining by 2013 in CEX site. I lost around 0.01 BTC, then they were very big amount for me because I were earning from faucets only that at the times.

Lost 300 BTC by "investing" in BTCST .......  ::) :'(

It's just for gaining the trust and reputation but at the same time if you already believe with them and you will teach your close people about that and another impact you will plunge your close people to joining with them and losing their fund's because of you.

Yes, worst decisions will not be possible if you have enough experience and knowledge. But, all the time we cannot be so aware what is going to happen. That is the reason this thread is spreading awareness about people's mistakes to new comers.

This thread can be an learning experience for the beginners if they take it in a positive way and not repeat the same mistakes that we have committed in the past.

300 Bitcoins?  :o Who told you to put all your eggs in one basket? This mostly happens when people don't think before investing somewhere or when they get greedy to earn a lot of money at once and in that hurry they just do it without any research or something about that source they are investing with.

Yeah man its an huge amount to loose, I mean if I loose that amount then I would surely get an heart attack or even I get mad, its better not to put all money in bitcoins as we never know what will be the outcome.

Actually my worst decision about Bitcoin was to sell too early. I started to mine Bitcoin back in 2011. When the price was around $30 I thought it was too overpriced and I sold most of my mined coins. If I would have held it two more years then I would have gotten the price which was worth more than 30th times higher.

Yeah you sold it too early mate, but we were never sure that bitcoin will reach to this level in future and we underestimated the power of bitcoins at that stage or else we would be rich by now.

It was an amazing experience and cannot be forgotten. But the step you are correct ", it's just that fate has not siding with you so that you don't get to enjoy it now. so, continue to strive to realize the dream and our ideals, because only hard work and perseverance with a prayer that can give strength and also the success of the

Time that has gone will never come back so instead of regretting about that we should start making efforts to collect as much as we can so in future we don't have to regret again.

This is also he reason why do i always keeping my self away from those cloud mining site. It is ok we all do commit mistakes but the thing their is how are you going to take it and learned from and to grow in this industry to become better that's it!

Each and every user has made wrong decision at least once in a life to invest in cloud mining and gambling and have lost their coins, and now its better to avoid those places to get rid of losses.

The worst would be not starting up soon after my friend introduced bitcoins to me.  I was not convinced on how she presented it to me.  I have so many questions before and then the time comes that I needed an extra money.  So I am here now.  But if I started before I could have more bitcoins now.

Yeah even my friend told me about it when price was $30 but I didn't show any interest in it thinking that it will not survive in long term and it would waste my money too.

My shorts decision in bitcoin world is to invest in HYPE such as hashocean, bitgain, bitcodaily but the best part in bitcoin world is to invest in coince because that site returned me what they promised. And another worst decision was to buy bitcoin while price was high . And now I m suffering alot and now I want to sell those bitcoin when price will be high.

Yeah it can be hapen to our live even me i know bitcoin past 2011 but i didnt try to collect bitcoin instead i just ignore it many forumers are saying to me that better to collect bitcoins right now so that you can earn money.. i didn't know the benefits of the price increase that the price of bitcoin will increase more..

The fact is we never believed in the potential of bitcoins in the past, and we never thought that it will be holding this higher price in future which hesitated us to put our money into it.

It's not that he didn't think. Actually, he did and he thought that it might be profitable to invest them there, which is why he did.
300 btc, there's only about 25% of total bitcoin users that have near that much, and I don't think you invested all of your coins so you probably have some still left.

My worst decision was having a paper wallet which my roommate binned thinking it was garbage.

Also, using Armory and then quitting, so I would have to download a near 80+ Gigs years later to try and unlock a few mBTC

Ouch! I guess that's a significant risk of keeping a paper wallet. I like the double edged sword that they are both the most and least secure way of keeping a wallet.

The worst decision I is not buying when the price is still low bitcoin

Many worst decisions made in the past, investing in doubler/ponzi/hyip/gambling which took away all my savings and left with nothing in my hands, so now I prefer to stay away from those things.

If you don't buy right now, at this moment, you will say that exact same thing a year or two from now. That's a loop that a lot of people are stuck in. In the future, if you don't buy at that moment too, you will regret it again after a year or two.

Bitcoin's price will always increase over time because of the halving, new investors joining, more and more companies are starting to accept Bitcoin, and more and more people are starting to like using Bitcoin. So invest now, or you'll regret it again later.

Yes this is the right time to buy bitcoins as price is relatively lower and in future when we will see new investors and big companies getting into it which will take price to higher level.

While your worst decision was not buying it at lower price, my worst decision is when I sold my bitcoin at lower price(200usd). At that time, I thought bitcoin price wont up again and I got only small information about bitcoin.

Yeah even I sold when the price was $250 last year and still regretting, if I would have not sold at that time then I would be enjoying best profits at this stage and that was really a worst decision.

Yes HYIP sites pay in starting so that they start getting more and more investment from users as people spread among each other that they got paid by the site. I think the best way ( if any and I personally advice don't ever use HYIPS ) is to invest in early stage and then screen out as soon as possible and as soon as you got some profits.

My biggest mistakes were putting bitcoin into altcoins and then getting emotionally attached to the coins.

The result was not selling at the top and holding (and buying more) at the bottom, only for the coins to stay stuck at the bottom and having the developpers leave.

Lesson learned, follow the volume.

Damn, worst decision is gambling, how easy to predict. You was right, and lucky too, stop when it's just 1.3 bitcoin. I have just read a comment of a Hero member said it takes 2 years for him to earn that amount of bitcoin.

gambling as well.. but not that much.. may around 0.50 btc.. 

It's ok dude because for me even if it is too late you still manage to make a good decision which can improve your life. If you did not decide to try bitcoin then i think for me that was the worst decision in life you would ever made.

i have been in bitcoin world for a long time .In the meantime, My worst decision is staying at wrong position in at poloniex exchange site. i chose wrong coin. Maybe, i was unlucky at that time but 12 btc margin trade was lost.

My worst decision with bitcoin was when i had to sold them all... if I had them today I would be pretty happy with a five number figure in my account

That happens with everyone at first even happened with me too, and you know what is the thing that hurts the most that time? That you lose the coins you earned after many days of hardwork of faucets or small tasks.

Its not worth decision about btc when you lose that coins on gambling. You would lose anything there, even a car or a house. So for me there is no worst decision with bitcoins, everything is going just good. I`m learning about things, and for each lesson I need to pay. Doesn't matter if its on gambling, trading, investing in some service, or casino bankroll, when we lose its price that I pay for learning.
I didn't make to many mistakes, except that I should read more carefully about affiliate programs before, I didn't know nothing about it and cause of that I'm on loss some good money I think. But again its about something else, I don't think this decision have anything with bitcoins, its my fault that I would made even with real money, its cause I didn't have experience like I have now.

Investing more than one bitcoin to an HYIP site in which I am not aware of that it's a scam because too many people are saying that it's legit and it's been existing for so long so it can really be trusted.The returns are too good to be true but I still invested because they have proofs that it really is paying so I bought bitcoin with my hard earned money and invested it there and after about more than one month the site is inaccessible and then they disappear. I only got half of my investment back and promise myself never again to invest in an HYIP site.

My personal worst decision using Bitcoin was using it to invest in a HYIP site that became SCAM after several weeks without getting my Initial Investment back. I only got 1/4 of my investment and it was Big enough that i collect that Bitcoin for several months in trading but end up losing everything.

You are now telling us that because you knew exactly how bitcoin price was changing. But how about the future?
Next year BTC could be $1000 but you still won't buy it now. Because you simply won't trust in positive prediction.

What you mean to say i am sorry but i never heard a site that is BTCST so what you mean to say ? And those smileys and dots looks to the reader like me as if we have done something wrong lol, and hey please can you share with us more how you lost that much and when and please what is BTCST ?

That is lot of money... MaddestScietist says has been lost 300 BTC  :o Oh hell that is treasure to own!

Hmm, that i was wondering why he did not exchange it to dollars/euros and then invest it?

Well you still can buy it for the "lower price" considering that it will probably jump a lot higher in the next few years. ;)

Don't feel bad man. It's normal that you at some point secure profits, if that was in fact your reason to sell. If I kept the coins that I had back in the days..... I would comfortable sit in the 6 figure value right now. And I didn't even mention what I would be when the price would be over $1200 back in 2013. :P

I also lost some coins in alt coin trading as I didn't knew when to sell them and kept on holding them till they become almost dead.But luckily it wasn't a big investment

to me the worst decision  about bitcoin is when i sold  my bitcoin at 400$. now i am really unhappy with my this decision the price is almost going to double. but now i am not going to sell bitcoin without conformation about the price of bitcoin.

I would guess to think this has happened to most people who get involved in the alt coin trading business. Because no body knows when an ICO for an alt coin will go bust all the sudden.
That can happen all the time and over night. :-[

I am sorry to say and I really feel bad if you lost this much amount, but this sounded like a fake post to me. I mean come on a member who has lost will take a minute to tell us what exactly happened and how he lost such huge amount.
That looked like he just wanted to make a post, that's it.

Yes its hard to believe that someone can loose that high amount of coins at once by investing at a single place as no one can afford to take that huge risk.

Worst decision about btc good question. There's alot of bad ones but probably the worst is selling too early cause of panick and then next day price is +20% again.
Also bad decision was to invest alot in casino roll, lost it all with lowest risk or thats what they told me.

My is investing in Doubling your BTC and investing in Hashocean mining scam. I learnt hard lessons

It was the same that i feel from ethereum while the price drop deeply some weeks ago. I loss some bitcoin on trading in poloniex.com . But after that my friend tell me to avoid the problem like that.

Profit and loss will always be a part of trading, you cannot expect profits every time, but it cannot be treated as a worst decision as there is always a scope for improvement in trading.

Very general answer and I think that's what most people will experience too because that's probably the biggest and easiest mistake to make. I also didn't buy when prices were low cause I didn't know enough about bitcoin so my mistake would be to not read up about new technologies cause that couldve made me hell a lot of money.

It's not anyones fault as predicting prices is hard, even stock market gurus lose money in it. Much as BTC as it is a new kind of currency that only exist virtually, so were always gonna based our investment in speculation which is hard for people like us to invest in. Speculation based investment often lead to tragedy rather than profit. Well what we can do now is gather btc while we can before its price goes higher.

If you did that mistake in the past you should not repeat it again, so I would suggest you to buy with current price or else in future you will be saying the same thing again.

I also realize it, and that is my worst mistake in my life because I missed the chance for becoming a millionaire for instantly just buying a bitcoin at their price is not more than $1... but that is normally caused at the time I just a teenager and not updating about the development of the technology.

Yes and that stage we never thought that bitcoin will be this strong and holding such an good price, if we would have bought in bulk at that time then at a moment we would be enjoying luxury life.

My worst mistake was gambling away 0.4 Bitcoin on dice. Not near as bad as yours OP. But it is still a loss and I was pretty unhappy when I lost it.

I understand mate, its a really worst feeling to loose money in gambling, even I have lost more then 1 btc in gambling as I was greedy and was looking for quick money, but unfortunately that never happened.

We have the scenario I tried to invest in a gambling and I lost bitcoin into it. I feel regret its true that repentance always comes at the last, so I won't do it again.

We all have committed that mistake of putting money in gambling and loosing straightaway and I have repeated the same mistake again and again hoping to recover my losses but all the time I was on loosing end.

I feel you, its depressing when you lost your money either small or big amount. before, i always join in hyip investments and lose my money i think thats one of my worst decision. joining in hyip's are really not profitable.

The price fluctuates all the time, and you can always rebuy at a later time when the price goes back down. That's what trading is about :)
Missing an opportunity pains a lot, I agree. But I feel it can not be a worst decision. At the same time if you buy and bitcoins go very huge price levels then you will get chances to forget about what you are thing right now as worst decision.

Yeah that is actually true, it is never late, as someone regrets now for not buying when the price was $200 so someone would regret again later when the price is higher that why they did not buy when the price was $620 and now it is way higher then that.

The desire never ends and we never know whats the best price to sell, like some of my friends say 600$ is overpriced and I should sell it while my personal feeling say bitcoins will go over 1000$ very soon and even at 1000$ I will not sell more than 33% of my shares in bitcoins.

I am sure that the worst choice was not following through on the early days.  I remember at least twice running into Bitcoin in the very beginning.  I also remember mining on a PC and having gotten some, although I can't remember how many.  Both times I left it behind

The problem with many people here, they are not never remembering and applying others experience in their real time situations when they are encountering. I am the bad example for that, even I have read many gamblers experience about gambling and ponzi schemes, I have lost more than 0.1 BTC in many of similar sites, out of greedy.

When i started bitcoins it has no value and it seemed to be a very limited audience thing and I saw no benefit to it, lol.  I am not sure how many, but each time I simply never touched the wallets again and at some point those PC's got a new copy of Windows I am sure.

Bitcoin doubling and cloud mining (Hash ocean) was my worst decision because I can see the warning almost every where, shouting Hash ocean is a scam but the reward was too attractive not to give it a try. I glad I'm not completely burnt because that could have ended my experiment with Bitcoin

This is the main problem of everything. You know that it is a scam, but you still support them to continue their practises to scam other people. If you don't feed them, then they will slowly dry out. Let it be a lesson for you and others.

Exactly, people keep on entertaining those sites even after knowing that there is no guarantee  that they will be making profits from it and those sites keeps on operating and scamming people.

The only thing that HashOcean got more than a year because of its low interest rate at the same time the number of members that believed in it and promoted it online. A perfect recipe that let HashOcean lived long. But yes you really need to background check everything in the internet so that you wouldn't be fooled.

Its difficult to check the background of any site that is operating online as we can never come to any perfect conclusion that whether its an genuine or a fake site.

There are various ways, but the most obvious one is the rewards that they are offering. Scam sites mostly want to collect as many coins as possible in a very short time. That's why they try to attract people with above average interest rates/rewards. You should also check whether or not they are a registered company. Look at whois data of their domain, etc.

that is true but also you can come to some sort of conclusion, for example you can weight the options or pros and cons and then decide. i have seen so many people who just go in with their money without even searching about the site's history to see if it is fake or not.

Most of the people are putting their money in those sites blindly hoping that they will make profits in quick time, but generally they forget the fact is that there is nothing like quick money.

There's this time when I just bought bitcoin and then after that I immediately joined a cloudmining site promising high returns and paying everyday. I was so happy during that time earning everyday without doing anything and the amount I received, I invested it in other sites promising those high returns also. I was happy that everyday when I wake up there's already an additional amount in my wallet and then those sites that I invested disappeared one by one causing me to have net loss and then that's the time I realized that I was scammed and I can't get my coins back anymore. This is my worst decision and promise myself I will never invest in a HYIP site again.

If you invest in those sites then you need to be very active and you should make sure that you withdraw your profits regularly, and if you do that then it can minimize risk.

I really hope that I was not in the groups at the beginning that were socking back 50 BTC rewards and then I abandoned them, lol.

Yeah I totally agree, sometimes newcomers make mistake like capitalizing a character in bitcoin address and assuming the money will be sent to the right addresses, I have seen someone doing this so this threads helps users avoiding some obvious mistakes and warning about possible scams.

The ultimate targets of this sites are newbies, as they are well aware that its very easy to attract fresh users of bitcoins and I think this thread will be really helpful to newbies to avoid losses.

I agree they target those new in bitcoin because they cant know well in bitcoin

yeah unfortunately I was late in joining in bitcoin. I think that bitcoin would live only briefly. so I ignored bitcoin bitcoin but it is growing rapidly and bitcoin prices higher. unfortunately I do not buy bitcoin in time for a low price ?

That is the case with most of the us that we were aware about bitcoins when it was holding very low price but we didn't get into it at that time or else things would be different with us at a moment.

My worst decision so far is... none. I'm yet to make a horrible decision. Wish me luck! :)

Worst decision i made was trusting my friend with my bitcoins i thought he don't use it for gambling i left her for a while so that i can go to my grandparents and i left her with my bitcoin gambling account and i teach him how it works and he played it for an hour and get lost and my bitcoin are all gone.

Yeah its better to play on the safe side. In the past most people donated thousands of bitcoins when it was only $0.15/BTC!

In my case the worse would be buying games on steam with bitcoins!!!

That is really weird, you cannot afford to handover your hard earned coins to anyone, as it takes long time to earn them and few minutes to loose them in gambling, you should take care of it in future.

Hope your investment into cloud mining with CEX will not be a worst decisions when they are resuming their business of cloud mining again when bitcoin goes higher price levels like $800 or $900.
But, most of the bitcoiners have made this kind of decisions when cloud mining were very much promising for our investment some time back.

I agree with him. If you know that is just the way to earn it then why gamble it in a risky way. Aint it much better to just hold it more then let it grow until it ripens to the point that it can be used with making you more profitable.

Yes and I believe that almost all users have lost their money in cloud mining sites in the past and now they will be not at all interested in investing it again in it even if they promise best returns.

My worst decision with bitcoin is that I did not joined it at the time when my friend suggested it to me now he is much expert in bitcoin and earning higher amount but I am a new comer to it.

I do believe that majority of us here are  victims of cloudmining sites in the past when we are just a newbie  and doesnt enough knowledge on those things. We do easily fall on those schemes because we believe on those promised high returns on our investments but  for now we learned from our mistakes.

Yeah and I think we should not regret about those mistakes but we should treat them as an learning experience and make sure that we don't repeat that mistake again in future.

Yes hopefully. There will be more chances for another boom of cloud mining industry but we should not make another mistake with that. Actually cloud mining must be a very interesting business opportunity for the investors, but people are not enough patience to get ROI in fiat equivalent at least.

pff, you cant be serious mate... of course it is not going to help out any newbies because they will still think that they are far more smarter than all the other people who are in this forum unfortunately and we cannot do anything about that

i remember when i was a newbie everyone told me to never gamble my money and i still did that a lot because i thought that one day it can make me a really rich person, however it was far away from what the truth was, as i lost some money

besides that it wasnt my worst decision to gamble my money, i think that the way worse thing is to put your money into ponzies and people should never do that in order not to promote the scams and make people lose even more money what would be terrible

Yes and instead of doing a charity to scammers its better to loose in gambling, as you will never have a feeling of being cheated in gambling, and if you are lucky then there is always an opportunity to make profits.

my worst decesion in bitcoin world is teaching someone about gambling and not telling about how to excatly use it or how to control your greedness on that so you do not bet all of your balance and lose everything you have

Oh man that's really crazy on your part, how can you suggest someone to go for gambling to earn money with, in fact you are teaching him to loose all his money that he have.

my worst decision about BTC was  losing 4 btc to 4 btc dice sites in 3 days
my best decision about bitcoin was winning 3 btc back next week :)
which could have turned into the second worst bitcoin decision
also Iinvested into Hashocean 0.01 btc 2 days before it collapsed,which was funny as hell

Its good that you recover some of your coins but still you are in loss of 1 btc which is a very huge amount to loose, I have also lost in gambling but it was only 0.2 and I was ok with that.

That is the most common answer here. Because everyone in the gambling section is surely greedy. You know that. We all want money. And what do we do if we want money? We gamble.

In my early days in earning bitcoin worst moment is still in my destiny because I will always scam by ponzi site but I never learned. He he. Bitcoib is a matter of risking your hardwork money to just get your money grow and get more profit but time by time my skills are improving and I can say I can get money now I mean I get profit.

HYIP or ponzi was indeed a major problem or something that is very much in circulation in the bitcoin. And also most beginners use ponzi hyips or alternatively folded duplicate bitcoin, it is certainly very huge risk, because if the affected user is bitcoin who have thought less rational. Most likely he will make bad news and hates bitcoin until whenever

Gambling is good when it comes to have fun, but if you are depending only on it to make money then it would bring huge trouble in your life as most of the times you will loose which can end up things for you.

Well, I think no one is wasting hours and hours in dice games to "have fun", the fun part is the rush of making money. If you think the main reason people gamble is to have fun, try play dice games with fictional money, and you will see what I mean.

Sory To hear that. I never do gamble so I do not lost bitcoin as you did. I only lose bitcoin sometime in trading but I am fine with it because I knew this is for learn. you should try to invest youre bitcoin in omicron. it is so profitable and you will recieve at least 0,00001% per share every two weeks. minimum amount of omicron you need just 10000 omicron.

Who has not made wrong decision in bitcoins? Almost everyone has committed mistakes with it and the common answer is using them in gambling and loosing in ponzi sites.

Yes, this forum must be rich a sources of awareness, every bitcoiner must teach himself about how to avoid any potential scam. Unfortunately we are keep on seeing many people are going for trade without escrow or people are losing their valuable bitcoins into gambling sites etc something similar keep on happening around bitcoiners and for members of this forum, even though a similar experience had been discussed here so many times.

Yeah you are right with it, we all have worst decisions in bitcoins and investing to scam investing websites or so called hyip's or cloud mining are one of it. But instead of coming back to that scenario what we need to do is learn from the lesson we have experience with it so that we are not going to experience that again and we are not going others to experience it too.

Worst decision was to invest in hashocean, bitgain, bitcodaily which totally scammed about $35. But still i hope that by trading and using bitcointalk i could make that money come back to me.

Wanting money is not exactly greediness - we need money to eat.

But when we are constantly wanting more, not because we need it, then we are greedy.

Yes the money that we have lost cannot be recovered but one thing we can surely do is to try to earn it as much as we can and regain our lost money by working on it and make sure that you don't visit those sites again.

people that are pumping money into obvious scams are seriously stupid. these people support them to continue their activities as with their money they can "pay out" new victims to make it look like they are legit. it's basically you destroying your own capital...

Exactly but I think people who are new to the industry are not aware about the scams happening around and that is the reason they get attracted towards and put their money in those sites.

there will always be newbies that blindly invest their money into something, but even when you're new, then you can still feel that certain things look too good to be true. greed takes over people and make them take bad decisions unfortunately.

Yes if anyone sees some unrealistic returns that sites are offering then they should think it logically that is it really possible to earn this huge returns on such a short notice? And if you are intelligent then you will get your answer.

Maybe you are right. Cloud mining are good for passive investors and we should not consider about returns only in bitcoin but in equivalent USD value that too slowly for long duration. But, bitcoin itself will be very good investment over long period of holding, then why should I go for cloud mining because my worst decision with bitcoin was with cloud mining only.

Investing in ponzis and cloud mining sites were the worst decision of my life where I have lost lot of bitcoins in the past and still trying to recover them.

I think that was the worst decision the majority of us have done.  Investing on scammed sites that always look too good to be true.  We are all victims of these sites that gives us a promise of big interest rate.  All you can do is to deposit but never can withdraw.  I still regretting it up to this time since I do not think twice. 

Our greedy nature was responsible for that as we wanted to make quick money without doing any efforts which resulted in loosing our hard earned coins to the scammers.

300 BTC is a huge amount today, but when I lost it, it's only worth about US$4000 and I determined it's not the end of the world even if I lose it, so I took the risk.

Fortunately, I still have some BTC left  ;)

The worst decision was not to buy them when price was $100 in the past, and the most worst part is I was aware about btcoins but still didn't show any interest in investing in it.

i have had a couple of worst mistake that i made with bitcoin not only one.

one of them is gambling and losing money, and that came from thinking that i could beat the game and beat the hosue and start winning to make some profit and i was wrong.

another one is the fact that i started trading altcoins a while back and i made some poor choices that ended up losing some money but i never made those mistakes again.

Many of us regrets that time we didnt buy some. At least 1btc is good for me but I still didnt. We might not experience it again so we better start adding up some bitcoins in our wallet to prevent that regret to happen again. We did learn something from it.

Yes and in future price of bitcoin will be much higher so if we don't buy with current price then we will again regret in future, so its better to keep on buying on regular basis.

Yes, really pathetic. People are rushing towards earning bitcoin but never remembering the lessons that they are learning here. What is the use of working hard on earning bitcoin and losing it by not having enough knowledge about how to secure it. Worst decisions must be avoided from other experience.

I think that my worst decision is leaving Bitcoin without even trying to get deeper and learn about it.
I joined the world of Bitcoin about a year a go (not the forum) and I started earning with doing tasks and refering on faucets. It did not get profitable as I thought and I left Bitcoin. A few months later I discovered these forums and started earning 'seriously'.
I did not really have some decisions that cost me some Bitcoins, but I did dump some $.

But Thanks God that I have not made any decision like that, I often try to stay away from ponzi schemes as from the start of online job I saw one of my friend lose a big amount of money in a ponzi scheme and so I decided to not to invest in any ponzi scheme, so I am secured till now.

You are right the price of bitcoin will increase much higher in the coming future for that we have to buy a good volume of bitcoins so that we will also get a good profit from the increase of bitcoin price . I am buying with the money available with me and those who are not buying will regret in future.

Look when trading or calling better "playing" with online money is much more different that in the real life "playing" with cash, how economist we are in the real life but we don't spare online? because it is digit? or we think like these numbers are the same as in calculator when we swipe all numbers and we add again. You made a bad decision and hope you have learned from your mistake to not gamble ever. I consider my worst decision about bitcoin was by not selling them at the right time when the price was very high.

I would say trading but the truth is I always have found a way to buy when bitcoin is high and drops right after I buy it.
So on top of getting dinged at the bitcoin Atm,I also end up losing more like not even 2 days later. Have bought a few times to see it drop by the time I get home,kind of funny how I have no memory of it working the other way for me.
My venture in trading was me not noticing fees eating up my total till the end of the day thinking I was doing good. ::)

Yes. Cloud mining must multiply our bitcoin and not just USD ROI. Most of the cloud mining are not even profitable with equivalent fiat calculations. But, investing into a reputed cloud mining business will not be a worst decision about bitcoins. Also, I too agree cloud mining business will become famous again when bitcoin price goes high.

Even $4000 is not a small amount right now, we lost just a few dollars in those ponzi and hyips and we still cant forget it because we know we took wrong decisions about them but if someone lost $4000 in a site i wonder what he felt at that time.

It can gain popularity even today if they start operating in a genuine way and stop scamming their investors, and till that is not done people will surely avoid putting their money in those sites.

The worst decision for me would be not spending my Bitcoins. If I don't do so, I'd just sit and assume it's value would rise over time and not spend it on anything. I feel it's better to enjoy with what we have now, save only some for the future. Afterall, no one can predict the value of anything in the future as it is uncertain.

I lost 25 dollars’ worth of bitcoin  more than one year ago buying a piece of software that at the end of the day I did not need, the software worked flawlessly but I made the mistake, at current prices that bitcoin will be worth closer to 65 dollars.

Well if price exceeds then your entry price then without thinking much you should sell your coins and collect the profits as if price falls in your future then your holding won't be worth and waste your time.

terrahash......  still a tear comes to my eye when I see that name..

im really looking forward to the day when this community has matured enough, to create a reputation based system where it it becomes beneficial for merchants to be on the level.

Investing in doubler, ponzi and cloud mining sites are the most common mistakes that everyone has done in the past and we are still recovering from those losses.

Worst decision you can make with Bitcoin is buying for to much money, many people do this because they somehow want to invest in Bitcoin no matter what the price is at the moment.
I have also done this but not anymore because I could have handled it better.

Yes, securing your bitcoin is more important than earning it. If you are not good in saving your bitcoins safely then what is the use of earning it. Yes, you will earn it and you will lose it if you are not good in knowledge about possible scam attempts. I really appreciate this forum members for their effort about spreading awareness by having this kind of threads to show some people's mistake and what a lesson we could learn from it.

I think one of the worst decision that you can do about BTC is trusting somebody too much. You trust somebody on the Internet too much that you get so comfortable with him. You even let that user borrow some of your coins. That'd be your worst decision because if he runs away, you'd feel betrayed and scammed at the same time. That might not happen to everyone but it's better to always remember that.

If you can afford to trust someone in online world then you are wrong place, as there is no face to face dealing in bitcoin world which makes it really difficult to have faith on someone.

I think trusting too much anyone that you don’t really know is a bad decision not only in bitcoin but in anything you do. But this is especially bad with bitcoin because the transferences are irreversible

Its hard to point a single worst decision as I have done it many times by investing in ponzi, cloud mining and also going for gambling where I never got anything in return.

The point of importance is.... Did you know, or at least had a feeling that where you invested in were likely scams? If that's the case, then it's really a bad thing. It's like you funding these scammers to make even more victims.

Trying to "multiply" about $100 through PrimeDice. Big, big mistake. I'm just happy I didn't lose it all (lost about $30), but I was one step away from it. Never play gambling for easy cash! This happened about one year ago though. Another bad decision I regret is when I bought some games off Xbox. The BTC price was $250 and a few weeks later it went up to $600 if I remember....

Well why you regret when you have bought the xbox games for small value of bitcoin? And I guess that is a good one of investments, you can sell it again for the same amount of bitcoin valuing higher because the price is already $600. I don't get it why you are regretting buying that at low price or else my understanding is not at all.

I didn't buy them for a small value, this is why I regret it. The Bitcoin price was low ($250), so $60 was about the double of how much I would've spent if I would have bought them weeks later.

It's obviously to invest in scam site even after knowing the risk i had invested in scam mining site and they ean away with my money. How heartless they are funny they have mercy. But i am very fortunate to have bitcointalk full member account which yields about $20 monthly.

It's obviously to invest in scam site even after knowing the risk i had invested in scam mining site and they ean away with my money. How heartless they are funny they have mercy. But i am very fortunate to have bitcointalk full member account which yields about $20 monthly.

We must be more carefull to make investment in minning site becouse so many minning site was turning into scams. Everyone will make a worst decision about bitcoin if they do not check the credibility of minning site before make an invesment. make an investment is not just like playing around so keep carefull.

Gambling/HYIP were the first.
Faucets were the second.
Cryptsy was the third.
Not holding was also one big mistake.

I think this pretty much sums it up :)

People already have experienced the loss in the past so I don't think that they will dare again to invest their money in those sites as they are very well aware what's end result gonna be.

For me, As of now I have none worst decision that I have done about bitcoin in my life in business
.because before I make a decision I consider many things that possible to happen or what they called what if to prevent from regrets in short I’m good decision maker.