Bitcoin Forum

Truth be told, we all know it. Crypto trader, regardless of how good one thinks one is, sometimes makes mistakes. While we all made errors, some were bigger than others.

Which do you consider to be the worst mistake you made when trading CRYPTO?

The worst mistake in trading is that I am eager to make big profits. where I already made a profit of $1500 within 5 hours, but I was so eager that I lost and lost $1500. that's my worst experience where in trading it's not allowed to be greedy and have to control emotions

Selling during the crypto winter. Would have made a fortune should I hodl for like 2 more years.

If you buy a coin to hodl for long without doing proper research on it, you can have big regret. This is an incident I keep remembering, I bought a token that had been due to be deregister and I got stocked with it because no other exchange can I sell it  ;D I just lost the hard earn money just like that. I'm more careful now in my investment and confirms a coin is in good exchange before buying.

Being hyped and triggering my emotions for some of my past trades.

I also think that we can include everyone's mistake of not buying during the early days of bitcoin when we already knew about it but we chose to ignore it.

My biggest mistake that i did not hold some best coin like Dego and Cake for long time. I sold all my long term in beae market. I bought  Dego when itvwas near 1$ but sold at 2$ Price.
I bought Cake token when it was 2.5$ but sold when it was 6$.
If i hold i will have great portfolio now.

Bought Etc 3 months ago at $30 sold at 35$ it went $180 24 hours after i sold :D feelsbadman  ::) ::)

You didn't stake them CAKE? Their APR is pretty stable...

Taking profit at the right time. This is my kryptonite and most probably most the newbie trader because the euphoria given by price pumping will give you the feeling of not selling at any point of the bull run instead you will realize the need of selling once you are already awake that crypto price that you are holding is losing. Its always easy to sell at loss rather than at profit because of FOMO. Do you guys feel this way when trading?

3 months ago was around June or May, etc at the time was above $30 then it was around $50 above. Maybe around April below you may be referring to. Etheruem classic has had a big bull since this year after etheruem started it's bull also .

Then, these questions pop out while you are trying to forget them.  ;D
My worst decision was being too greedy to make the profits higher which in fact was started with a scratch.
I could've just let it go for $500 when converted but I tried to gamble it thinking I was in a good streak.
For other's that may be a low amount but for me, that is used to a $100 - 300 budget, that is quite a good number to rest.
But I didn't and it's gone. I may have tried to pull it back and it just made everything worse.

damn that's a sharp climb.

we almost have an opposite experience with altcoins. selling too early and when i realize it was too early i bought back because the price keeps going up but after the buy, the price drops. when you trade base on the blogs you thought are credible, you end up losing your funds. what you are doing is let them manipulated you into their scheme of pump and dump especially if you trade altcoins. after losing a substantial amount, i decide to refocus and just stick to BTC because the charts reflect clearer than trading altcoin's chart.

When I start trading I didn't have much money to start with but have a little one but once I entered and learned some strategies, I got a profit of $500 in just a week. But I didn't have that much patience to wait for long-term coins so, I lost all of my profit due to greed, which is a cause of losses for all the traders.

Selling Cardano was my worst decision at all. I sold my Cardano bag at $0.15 also made some money. But who knows that Cardano will hit $2? Cardano still pumping and peoples are bullish on this coin. There is hype ongoing, I also believe this time Cardano will hit $3.

I also sold my Waves for only $2, I was the owner of 11k waves and sold all of them for some quick cash. Still, I regret what I did! Waves and Cardano was those coin, that can provide me financial freedom  :( :( I know there will be a second chance. I am waiting for the chance.

I could remember when I was introduced to cryptocurrency, I ignored it cause I was thinking maybe everything will soon be a thing of the past due to my limited knowledge in cryptocurrency. I letter bought small amount of Bitcoin then sold it with tiny profit. Only if I had knew that the market will still remains favourable till this present time. I can now buy crypto with full confidence now because I know that the market can never crash and has good things to offer.

My worst experience in crypto was leaving a trade without a stop loss, waiting for it to recover, obviously I made this decision because at the beginning I was in a group of signals, and they did not give the signal very well, the BTC fell suddenly and my operation was in an alt.

I left the market when the currency fell by approximately -40%, since that day I did not follow any more signals and I began to read books referring to market speculators to try to understand the movements of the market, what originates them, how the whales think and the good use of "Stop Loss", "Take Profit" and learn to handle very well the tools that Exchanges offer you.

Some of the worst decisions of my life were whether to see some coins without seeing the signal. Earlier, when the market was pumping the most, I bought futures trading Dogecoin like TLM and XLM. I had lost enough. It costs me 1100$ to 1700$I lost. I did not give stop loss. In it I acted like a lot of fools. I had made the highest loss here in my trading life.

There are many mistakes i had already made in crypto but the most important thing that i had learned more from my mistakes. First i was not a good trader but when i made some mistakes like not having patience, not going to do something best performance in trading, It all leads me to some standard, So, mistakes are always lead you to some best place.

selling btc at 4000$  :'(

Ouch, man! That must have hurt really bad for you. I did the same with Solana so I can relate to your pain completely.

I have made many such mistakes but the truth is that they were not mistakes but a learning experience. I think a mistake is when you missed an opportunity while selling something cheap and watching it go bonkers is just unfortunate. I have been unfortunate hundreds of times throughout the years but I don't think I have made any such mistakes where I can look back and feel bad.

weeks ago someone created a thread similar to this one and I couldn't talk about much, I'll take this opportunity to talk about the many mistakes I've made:

1 - my first biggest mistake was buying an altcoin that the creators were liars and thieves

2 - my second biggest mistake was to be day trading with shitcoin from yobit, I remember that at the time I didn't know how to search for good altcoins to trade

3 - My third biggest mistake was to day trade and always buy when the price was close to resistance and with that I lost money

That sounds hilarious to me. I mean how did you made $1500 within 5 hours? I don't remember a coin that well anytime recently. Maybe you are into futures trading where a small hike gives you huge profit but a small drop wipes your entire balance as well. I am genuinely interested in knowing more if you wish to share.

My personal biggest mistake in trading was to liquidate my dogecoins when the hype just started instead of waiting for the right time to sell them. I feel depressed every time I recall those days.

You're not alone bro. I also did some selling on that price point and even below that during the bear market. We all sold because we have a reason, a valid reason because there's an important matter that's needed money to be spent and that's why even if we don't like to sell during those times, we have been forced to do it. Anyway, the market is becoming better and bitcoin is also showing its dominance again and by this time, we have to learn from that mistake of selling early. But I guess even if we sell at some point today or in the near future, we are already in profit.

The worst decision of my life was that I made $8 and bought 50 Binance coins(BNB) for $14 for sell . Within a few days of the sale, the price of the binance coin exceeded $100. And now it's yoursb, You can know the third favorite coin of Binance Coin Market. Now Binance coin price more than 450$..

Probably the time I bought clam because it was easy to gamble with it on just-dice back in the day, and I believed that just-dice picked it for some merit and it will be a great one, if they believe that they should use that and not something else, then I believed that they knew something I didn't know and the price would go up. What happened? Nobody remembers anything about clam, it is now basically a dead coin that nobody uses, right now it is ranked 5269th on the ranking, and it is literally just dead, doesn't even have a marketcap.

So, you can understand that buying a bunch of that was the biggest mistake I could have done, got out long time ago during 2017 peak because I wanted to use that money to buy other stuff which was a great decision, but it was very easily the worst decision in my crypto life, didn't made that big of a mistake (did bunch of smaller) ever again.

It was 3 years back from this day when I sold my 2 BTC at a time. It was my great mistake that I sold my valuable assest. It has a great value at this time and I feel upset remembering about it.

We all have come and experienced losses due to bad decisions. Me, getting in panic as seeing the trend going down and sell it at lose, that is one of those mistakes I've made. But the worst thing that I've made is to buy a new coin believing that it also makes some hypes and thinking about doubling my money but too unfortunate that was nothing to happen and after I bought them, I never heard it again but only it was just delisted.

The lesson, it is a need for us to make some search and don't rush to invest or trade if you are never sure or at least have some assurance like market volume is high and listed to a known exchanger as this will help to identify that this project is worth it.

The worst decision in the last year or so I would say must of been not getting involved with DeFI. There was tons and tons of money to be made with DeFI. First there were those tokens like UNI which you pretty much got for free for every address that you made some Uniswap trades on.

There were some other airdrops if you got involved in other DeFI projects. All the coins such as 1INCH and UNI were crazy profitable. UNI if you bought at launch you could of made like 10x your investment, same with 1INCH. I kept thinking this is just a fad and due to the high ETH fees it'll be like the ICOs during the 2017 days however I should of tried it out.

Now all the craze is in NFTs it seems.

Yours is definitely not good, experiences happened with Defi, but I can say that my experience with Amarkets is quite successful and very grateful at the work of managers.

I do think that we all have our own experiences with regards to worst case scenario about our trading decisions for the fact that it is really hard to decide on which track are we going to get in simply because the market we are working up into is highly volatile and no one can exactly say what can happen in a span of time doing trading in this kind of market. In my experience, I think the worst crypto decision I have made is letting go of those alts that I think cannot progress anymore but in my surprise after months of doing such, they have grown and make me feel that I miss a big catch of profit with that.

Not trading BNB or selling it early has to be one of the biggest mistakes of any trader this bull run, I also made the same mistakes of selling too early. I was of the speculation that BNB was to perform well and due to lack of fund had to partner with a friend to buy them but after a sudden pump, he decided he want out. There was nothing I could do to convince him not to sell so we sold and divided the profit.

Funny I didn't reinvest my share of the funds into trading BNB but just left the market for good as I was just so frustrated to trade. I did give the call and many adhere to my advice after doing some other findings of theirs and today I'm still been thanked but funny I wasn't a beneficiary of my own advice.

BNB still has room for growth, it's going to be a four digit priced coin if it can survive upto the next bull cycle. CZ is quite a determined young man and those like that always brings success to whatever they're doing.

Certainly, we can't avoid mistakes but we can make it lower down by learning those things and find a way of not happening again.

For me, the biggest mistake I have is to make a buy option while the price is already in the rallying movement. I neglect to think about the possible dump to come and it was wrong, I put all of my capital thinking that this gonna be the perfect time but too bad I wasn't able to check the market trend, and lose half of it.
This I was thinking that it is a need not to rush the market but rather to keep it slow and do a further analysis first before buying.

For myself, my mistake was when the price of the coin went up, it didn't sell immediately and I still hoped for the coin that I was holding could soar higher than this.. But it turned out to be my fault. Finally, the coins that I should have been able to sell and profit from, now tend to drop drastically and I was forced to sell my coins cheap.

making mistakes decision is the common problem when it comes crypto trading, actually for me it's because of the volatility wherein sometimes the results of our TA end up nothing, especially if we trade at the bearish because sometimes indicators are giving a false signal.
I agreed what other saying that we need to follow the trend, but for me we need to accept the fact that trading is not always good with that reason, because market directions can be change without any reason as well. and only traders that can hold their emotions has the ability to survive with that scenario.. That's why i prefer to trade depends of the situation of market to prevent mistakes again. Lol

Sold all three of my 1070/1070ti 6 card rigs I was mining with for about 2 years before moving thinking I would be in a place where electricity was too high to make it worth it. Turns out I moved into a place with free electricity and would have been accumulating for an extra year before the massive spike.

Selling too early was the common mistake that many traders did and most of the time, they still do that.
I was making a wrong analysis in bitcoin before and I think that still happen until now and that makes me keep learning more to get a better analysis.
I do not close my future trading and lose some money because I want to make a bigger profit.
All in all, we make many mistakes in trading, but that does not stop us from learning details about trading and if we can do better than before, we are on the right track to fix the mistakes.

Mate, you just made me recall some of the worst decisions I made. I was one of the fortunate ones who traded at UNISWAP and hence got free UNI tokens but I was foolish enough to sell them the day I got the tokens. I then bought them later for a much higher price and the market crashed, I sold them, and guess what? The price as you can see again is doing well.

It's hard to measure the magnitude of my mistakes when I deeply look back at my life. I have made terrible decisions in not just trading career but in life as well. I don't know what's worst, to sell my bitcoins in 2015 or to sell my UNI cheap.

I know my biggest mistake when doing trading crypto which is not set stop loss every want to sleep at night. Sometimes coins that i bought in spot at past dumped to really low price and when i just wake up i regret that i lose so much. And now especially with future trading which can made us liquidated, i always set stop loss so my mistake not repeated ever again.

thats true no one in this world is perfect and cannot commit any mistakes anymore and even the best among the best traders do also make a big mistake .  
i dont consider myself as a best trader but i already made some big mistakes and that includes picking wrong set of coins and trading at the wrong times but im slowly recovering on that huge mistakes i made in the past and im now careful with my decisions .

When i buy some coins even i i'm in the loss i sell them , i didn't have the ability to hold these coins, even these coins can give me much profit if i hold them , but i didn't hold them from the very beginning which i considered is my mistake and a bad habit too. Now i'm changing my trading strategies and holding the coins for a long time.