Bitcoin Forum

So this picture (http://puu.sh/5uo8O/4e94f94766.png) from my Localbitcoins.com account history haunts me. If I'd kept that BTC for just a few weeks, I'd have made more than double profit, but instead I spent it straight away! (£98.11 = $159.05 at the time of writing)

As a broke university student, I could really have used that extra cash, but oh well!

Share evidence of your biggest Bitcoin mistakes here :)

Not holding onto all the coins that was purchased or mined.

EDIT: Investing in Labcoin (Bitcoin Security)

boring thread

everybody has the same mistake

EVER SELLING OR LOSING A COIN



EVER!

I bought today @ $950. Oops.

Bought some 5770s and 5830s and mined on them back in the day and sold most of my bitcoins to pay for the cards.  At like 8-12 bucks :(

People still enjoy discussing the two million dollar pizza (http://www.businessinsider.com/2-million-bitcoin-pizza-2013-4) (now worth even more!), although I admit that's probably a special case.

Really, I just created this thread because when a mistake tortures you, it can be helpful to share it :)

what?  you're $15 up

What do you think I do, trade on Gox?  :D

Too early to call that a mistake! Good luck, though!

OK, then the bitcoin mistake that tortures me the most is ever believing a goddamn thing Josh/Inaba ever had to say

Easily everyone's biggest mistake was not buying or mining sooner, so I guess your question is really about our second biggest mistakes?

In my case, that's easy. I issued an international wire transfer for many thousands of USD to BTC-e at the beginning of November, to get in on the jump we all knew was coming. I'm still waiting for those funds to be credited to my account. I assume BTC-e are using it for their own purposes, and having a big laugh at my expense. I've started calling this practice of theirs charging people for the privilege of giving BTC-e an interest free loan.

I surely won't do that again. My bank will soon issue a chargeback on those funds. I've heard this story again and again, so maybe it's my fault for thinking it wouldn't happen to me. Maybe my timing was just bad: these stories seem to have multiplied since.

All my transactions since have been on Coinbase, and I couldn't be happier.

- Findiggle.

Probably my biggest mistake was wanting to invest in BTC when it was at 50$, and after searching, and not finding an easy way to buy, I gave up.   Should have tried fucking harder, would have invested about 1k in them, turning that into almost 20k today :(

*Only* 2 major mistakes:

1) May 2011: Found out about Bitcoin. Received BTC .02 from the faucet. Did not invest in mining hardware.

2) April 2013: Invested in mining hardware (BFL) instead of just buying BTC.

A few years from now maybe youll regret not buying more at that price!  ;D ahhahah

I suppose my biggest mistake was holding off on buying more when the price had dipped below $100 after the Silk Road was shut down. The price then started climbing and hasn't stopped since.

I feel slightly less bad about not investing after the SR takedown, since that felt like a pretty legitimate reason why BTC might not have recovered.

Before that, though? I really should've invested!

Even tho SR is back up, and there are alternates. (just sayin)

Something tells me that you'll be making another 0.21 BTC quite soon though.  So while you didn't invest early on, at this pace, you'll be a bitcoin millionaire soon enough once bitcoin goes up.

My biggest mistake is not buying enough. I then made the same mistake with Litecoins, and then with Feathercoins haha.