Bitcoin Forum

I read about Bitcoins somewhere on the Internet back when 1 BTC was $1.50. I started mining it, mostly out of pure technical curiosity, I just wanted to see it in action. After getting involved and having my wallet filled up a bit I started to think whether this could be an asset for the future and I should buy some, as mining with my CPU already wasn't really worthwhile anymore at that time. Talked it through with my girl, but our financial situation wasn't very good at that time and the maximum 1500$ we could have spent on it didn't seem to be much compared to what I knew about traditional investments. So we decided not to.

I stopped mining too and even completely forgot about BTC when I reinstalled my computer...without making a backup of my wallet.

Bitcoin got my attention again when the bubble started to grow this year and it was at $200. I remembered by decision about not buying the ~1000 BTC which would have been worth $200,000 (and still $140,000 today).

So what's your story for the Regret Thread? Maybe you have told it elsewhere already but please put it here, where it really belongs to  ;)

I think everyone here regret to not have bought more bitcoin in the past  :D

Sure, but it's a whole different story if you have talked it through with someone and made an active (and wrong) decision about it at a time where it would have really been worth to buy them. Compared to people who just learned about it too late and now regret not to have heard about it earlier.

I heard about Silkroad about the summer of 2011 and I was curious about it. Looked into how it worked and was just too busy and confused at the time to care about trying to obtain Bitcoins. To think I could have made a ton of money if I saw this jump in price coming. That is my regret story.

Ok people, don't make the same mistake again!

Invest money you don't need and you can afford to lose in bitcoins and hope in future quotations keep going up.

Probably not a popular sentiment on this forum, but Litecoin is trading at a comparable rate ;)

I heard about BitCoin 2-3 years ago from a friend of mine and downloaded the BitCoin-Qt client (Electrum didn't exist back then). Downloading the BlockChain took far too long and I didn't really see the potential, so I simply quit. Stupidest mistake I have ever made.

My regret was not quite as painful as yours, but was almost identical.  Heard about mining, mined 3 blocks @ 50BTC each, heard about 10,000BTC pizzas, gave up mining, reformatted computer without backing up wallet. Fast forward 3 years and started kicking myself.

I missed the early CPU mining days, but I was interested in PeerCoin (PPC) when it was announced. Mining it was too slow, so I spent 10 BTC (about $100) and bought 100,000 PPC. I got tired of waiting for proof-of-stake blocks and sold most of them for 16 BTC a month and a half later. At the time I was happy to have turned a quick 50% profit. Now I wish I had held on to them a bit longer! They would be worth 300 BTC ($37,500) today.

That's like saying you regret that you didn't buy apple, microsoft, google, facebook, ETC. shares back when they were $1.  It was your own decision, if you regret it, you'll lead a boring life.  Take action in the future, consider your past, but no need to cry over it.  I saw bitcoins when they were over $10, I was going to buy it, instead I made the decision to invest $2500 in PTC sites, a horrible decision.

Yes these were the successfull ones, but you could buy some other starting internet company shares and loose. Its always risky

Someone at work mentioned bitcoins to me not quite two years ago. He didn't have a lot of info, and couldn't explain it to me in a way that made sense and the conversation ended in less than five minutes. And then about fifteen months later someone else asked me what I knew and I knew nothing and started looking it up. And wishing I'd paid more attention back then. Oh well, still having fun messing with the hardware side of it.

My story was almost same like everybody, didn't buy when it is about 1$ each and didn't really care about it until it hits like 200$ thats when it started to get my attention.

i also with i had started in 2010 when i first found out about BTC :(

Buying Labcoin shares...

What about satoshi dice shares. Didnt heard about satoshi dice months  :)

Not investing in Bitcoin sooner.

Makes one wonder how much btc is lost forever and what the true cap is because its not 21 million.

What do you mean not 21 million?

I wish I started to get into bitcoin a few years ago.  :(

It's still capped to 21 milllion regardless of people losing their coins. There's still 21 million that can be generated and only 21 million will exist.

Good for those who still have access to their Bitcoins.

My biggest regret, like many others is not getting involved with Bitcoin sooner. I remember a few years ago when I visited a gaming site that I would need these tokens (Bitcoin) to play with. Well I basically thought it was stupid and decided to look for another site to play on. What a mistake!
My other regret was getting scammed by Mining United when I first got into Bitcoin! Lesson learned.

Should be called "I hate Hindsight thread" lol.

Not knowing about bit coin sooner but the most recent regret was missing on a great deal for a 100GH/s mining rig (10x 10GH/s blades)  :o

Regret buying a laptop.

Same as everyone! Not finding out about bitcoins earlier :P

Looks like we should just keep our eyes wide open for 'the next big thing' who knows, it might be something you came across yesterday but dismissed it!

I only regret preordering BFL miner with Bitcoin. I should wait till these are on stock

I noticed the same and I even got some on Cryptsy in trade for BTC when the rate was 0.025 - seemed cheap. Well, now it is as 0.015 so it doesn't look like my most clever move. Nevertheless I believe there will certainly be at least one Scrypt based coin with bigger success in the future and Litecoin is still a promising candidate. Having a good ATI card that is no longer profitable for BTC anyway I think it makes sense to use it for mining Scrypt coins. Right now I am simply trying to get a share of every Scrypt coin that is traded somewhere, every 24 hours a different coin. You never know, and I don't want to have to regret something again  8)

Or course it can be recovered, just guess the private key. It will only take you approximately 384902301289235345 quintillion years, all you need is some patience  8)

OR wait few decades and use quantum computer (fingers crossed !)

I wonder if these would be actually good with hashing algorithms. If they are the rise of quantum computers for consumers would probably just mean the end of Bitcoin (and the rise of a coin that puts a strong enough challenge on quantum computers again).

Yeah, my regret is generally that I didn't get more bitcoins earlier.  I woulda bought a house.

Not for the concept, although the bit size of the private key will must go up, up and up as better models of quantum computers with more qbits will be possible. Though it will mean increase of blockchain file

I heard of BTC in late 2010, but I deleted Bitcoin-QT because the blockchain took too long to download. I started to gain interest in BTC in 2011, but I didn't buy much BTC in 2011 either. :(

Damn, bro. You did the same stupid thing as me :P