Bitcoin Forum

Mine occurred when I new started, I got dupe by a man who told me he would help me sell my BTC at a higher rate. And back then I had up to 2.06 BTC and I sent 1.06 to him and he disappeared with both the BTC and my money. I remember posting his photos on social media trying to find him 🤣🤣🤣.
It was one of my toughest challenges but I thank God for helping me scale through it.
My experiences have taught me a lot and I'm happy with my learnings.

Investing in a token that went up more than 10x but still held, totally ignoring all the red flags I was looking past through. Of course the token ended up crashing back down because it was really bad and I was too naive back then.

tldr; don't marry your bags. 99.9% of projects are just for getting in and getting out immediately.

I have not made any big mistakes, as both of you have described. Probably the only thing would be not to have started buying earlier, and not to have bought more. But with hindsight I don't consider it a serious mistake, because it is very easy to look back when an investment has been very profitable and think that you should have invested more. At the time you didn't know how it was going to turn out.

Getting scammed by ponzi and doubler scheme. And also not taking profit during all time high and selling all time low are my greatest regrets during my newbie days that's why I decided to study technical and fundamental analysis. After that my portfolio an impressive growth and I have a very tough risk management right now so still happy that my previous mistakes helps me a lot to grow.

We learn in one way or the other due to ignorance or no knowledge about a situation.
What happen to the rest of your 1 btc, hope you are still holding right?

One thing I mostly regret in my journey is not taking any risk at all or perhaps I lack the confidence of taking such risks into something that could make me millions.

I am an artist myself and I didn't bother learning about non-fungible tokens and what I could achieve by participating in them when it was still profitable. To be honest, seeing other people make thousands of dollars through NFT whitelisting makes me jealous. Another thing I regret the most and I considered as mistake is not learning degen trade for shitcoins which other people also tried risking their money only to flip coins in exchange for 10x of their capital as a reward.

I know it's dumb to compare your progress to other people but sometimes it is kinda useful to fuel your drive in order to avoid doing the same mistake again.

That's not an investing mistake but you have been scammed. Sometimes trusting someone too much is just not going to help when it comes to money especially when it's someone from the internet.

One of the mistakes I did is holding tokens that for so long and not selling when it's reaching their ATH. It's not just me having this kind of mistake I believe. There are just holding me back from dumping because of thinking it can repeat itself once again. Ony to find out it only occurs to the BTC cycle, not on altcoins.

I have tried all my best to avoid scam, I do not just invest on a new project, I was not scammed but I learn how to trade which was where the mistake came from. I have enough to start to trade, I lost certain amount that would have turned big supposed I had it in bitcoin. I later learned future trading all to lose all my money, it was a painful experience I do not wish ever again. I wasted my time and money, there were times I did not have enough sleep and devote my time to it, but all to lose again. If I had my money in bitcoin, bitcoin grew from $7200 to $40000 which is the recent price, it was even beyond but I will still be in money even with the present bitcoin price.

I haven't faced any issues or committed any monetary mistakes from the day I started crypto. I have been always referring to the forum whenever I am in any doubts. At the end of the day you still need to do your own research but the forum has always helped me to find the right direction.

My big mistake is that the offers to receive bitcoins instead of another payment method were rejected by me. This was the beginning of the development of bitcoin, I did not believe in it. If I had accepted my boss's offer then and had saved that amount in bitcoins, I would have been very successful. Unfortunately, this did not happen.
We never know in advance how our actions will respond in the future.

Don't trust stranger who promises anything out of thin air. Chances that they are scam are 100%. Most newbies dilemma are like that. I remember too that I had once scam but I promise to myself that it will never occurred to me again for trusting someone who talks so sweet and almost that they got you or reassured their legit showing you a lot of stuff then in the end you'll realise all details are made up and fake.

Unfortunately there are a lot of scams on the crypto and one should be very careful.
I didn't have such an experience as an OP that someone directly deceived me and stole my btc but I had other stupid mistakes.
I think the biggest mistake is that I sold part of the btc in 2017 and bought some shitcoins that lost all value in 2018.
If I hadn't done that I would have a lot more btc now but on every mistake we can learn.

mine is not buying again after making a profit from the 2017 ATH. it was one of my biggest regrets in my time knowing cryptocurrency. if only I didn't get scared at the time I would have been able to gain profit again when the price of BTC started rising again. anyway, there really is no point in me dwelling on it.

For me, it's abandoning the idea of mining BTCitcoin ^{[back in early 2011]}, as soon as my GPU died ^{[after a couple of months]} and instead of keeping the mined coins safe, I traded my desktop ^{[with most of my mined coins in there]} for a laptop!
^{- It's worth noting that, back then, I had very limited knowledge about BTCitcoin and I was just following a bunch of tutorials from a certain Facebook group.}

I remember being quite thrilled with one project that I thought could really succeed, but of course, it failed like most ideas that were based on practically nothing. I don't regret so much the money I invested in the project, but the time I invested - yet most people seem to have to learn the hard way. Of course, inexperience and misunderstanding play a big role in such things - so I'm not surprised that beginners still believe in various crypto fairy tales.

I'm just wondering if anyone still remembers that project (https://bitcointalk.org/index.php?topic=683776.0) ?

I personally haven't made any real mistakes because I am super cautious when handling money, but that also prevented me to make any significant amounts because that same caution has restrained me. But making mistakes is nothing to be ashamed of, if you learn from it, then that has its value in gold, imho. And with the expansion of the forum and people reporting their errors and scams, there is far less of a chance to lose one's money. But, someone had to make the first steps and be on the frontlines, make those mistakes for others.

Probably my biggest mistake was ignoring crypto in 2013 when I very briefly got interested in Dogecoin and tried mining it on my GPU. If I started accumulating in those days, I would have been much more richer now. But it's hard to take a lesson from it, because if you're on this forum, you probably not going to lose interest in crypto anytime soon. But in case you do, let it be a reminder that Bitcoin very likely  has a lot of growth ahead of it.

Patient, is still my biggest challenge in crypto because i regreted many decisions because i'm not patient enough to the market condition and the coins that i hold. I have missed many opportunites if i total it on a value of USD maybe around 10k USD just for the last year because i'm not patient enough when something bad happen or something good happen.
But everytime i did a mistakes, i did learn from my mistakes and prepare for the upcoming chance that i will face, hope it will be better in the future.

My biggest mistake is using margin and think that I can control risk of liquidation. Most of times, I can control it but margin trading does not work like that. Just one case, when you are losing control, your collateral will be liquidated. Worse, if you repeat it a few times, your initial capital will be eaten up and fall to almost 1 or less than 10% of initial number.

It's bad, very bad!

So my advice for crypto newbies is simple

• Don't use margin if you have less than 4 years in this market
• Don't use margin if you are not rich and have big capital
• If you use margin, please use not more than 10% of your whole capital for margin trading

Everyone can say they have been scammed but they don't really tell us the evidence that they have been cheated. I don't have any prejudice against you, but if you don't tell us the evidence for the story, you may also want to trick us into believing that you have been scammed. Is this fair?

I don't really believe that you trust someone you don't know online with 1 bitcoin for a 5 digit price in dollars. It's very hard to understand, what makes you believe it's the worst way you ever do with your money and bitcoin.

You should have sued him if you know him personally. How much was the price of bitcoin back then when it happened?

I think most of the mistakes were just the same and I consider them all having the lessons that I've used up til' now. Like didn't bought a lot of bitcoin during the early days when I knew it. The same goes for Ethereum and BNB.

Mistakes like that, I think everyone does have the same mistakes and also goes for not selling during the peak or is it still considered a mistake if that happened on 2017's peak? Maybe not anymore since we've got new ATH.

My biggest regret would be spending time and effort on shicoins. If I had fully focused on stacking sats from the get go, I would be in a much better position now. Not complaining though, and in hindsight, there was no way a newbie could have fully understood how cryptocurrency works.

Is there any incentive to lie in this case? The thread does not require evidence, so posting them would be unnecessary.
Also, you'll be surprised how many people trust people they meet on the internet.

Damn, OP, your mistake is very expensive. When exactly did it happened?
I made enough mistakes during my time in crypto. I lost quite significant, but not life changing money. Shortly, it was wroong investments. During peak of ICO's, I had invested in several ones without making proper research about project. Several turned to be completely scams, in other I never got ROI, value of these coins were close to 0 after ICO. Some of these coins is still laying on my ETH wallet.
These mistakes were good lesson, but I'm trying not to look back too much.

One of the risks in the crypto world is scams, so don't trust other people too much, especially with their tempting offers. There have been many cases like this with different fraud modes. It's better to try and learn to manage our own assets. Personally, the mistake that ever I made is too much of a hurry so that I get a loss where I sold it when the market was down because of the panic that I was experiencing. Learn from mistakes that in order to face the ups and downs of the crypto market we don't need to panic, everything has its time. Wait until the market completely recovers to sell it.

This is a very good advice, but you did not include one, the maximum margin that someone can go for, individual have different margin they can go for. Some experts will say it is good to use 1x margin which means the trader will be able to open either long or short position which is an advantage over spot trading.

The maximum margin I can go for is 3x which is still high for me, I use it of the market had significantly fallen and I know the price will increase within hours. I prefer to take 1x or 2x most of the time. Some beginners will go for 10x to 100x which is where the learn most of their lessons. In this way, traders can lose millions of dollars within short time.

One of my greatest failures in crypto is not investing when the price of the coins is affordable and I still don't make an investment. Also as possible avoid holding a single coin like most of your money is on that coin take it easy if that coin crash all of your assets is not ideal and profitable anymore. Still, the market is all about the risk it depends on you how you can handle your assets and risk management.

My biggest mistake when I’ve started crypto is that I believe in the so called “I send him ETH, and he give me more ETH” lol. It only happened to me once. I don’t remember how much ETH I did send, but I think it was only worth $50 and then he blocked me on Telegram. During that time, it stings for me and I have no choice but to accept it and learn my lesson.

I am still thankful though for the experience. It made me do better decisions next time until today. Now I kept educating the newbies and beginners not to fall for this simple scam ponzi tactic.

If you talk about mistakes, of course there are bad things I did in 2019, my friend suggested to buy 1 or 2 Bitcoins at $6000/Bitcoin, i ignore it, that's my stupidity and a total mistake until now sorry, why did I not obey the advice of my friend.

Now what to say, the ship is difficult to chase deep into the ocean, can only see and reflect on the mistakes that have become the worst nightmare of all time, maybe at that time my luck was not lucky, that's the worst reality I've ever experienced in Bitcoin, if....!

In a simple word trusting Altcoin/Token was the big mistake in my life. When I had approx 1.5 BTC the price was around $5K. I thought it's possible to increase my portfolio by trading. Unluckily I had chosen a couple of shit coins and current value only approx $1K. Means everything I lost by trusting shitcoin. The team just disappeared during bull or bear. I am pretty sure they just sold all the tokens and dump price. They don't care about holders or the community. That's what my costly lesson  I can't forget ever. So take lessons from here. Don't try practically lol, and don't trust shitcoin that doesn't have any value.

I dont really recall how it all happened but In the early days of crypto when we had localbitcoins which was a top peer to peer exchange at the time and for some reason the hacker had found a way to my lbc account and this happened when I tried to exchange crypto for fiat and before i knew as we chatted i gave the hacker my google verification code which meant he locked me out of my account which gave him access to my exchange coins which he wiped clean out of my account but this is water under the bridge as this was a learning experience for me to pay attention to details.

Well like others had mentioned in here, it is trusting Altcoin too much. I still recall holding some of the tokens I earned from my discovery in the forum here back in the days. I held it for a year and good thing that I already sold it before the chart flattened out.
It is not just worth the hold anymore. Expect pump and dump coins in the Altcoin side.

It's about time you had your baptism of fire (regret of lose, as used here) too so you can have something to brag of like the rest of us pre-2018 registered members. On a serious note, I don't think there's anyone who got on this forum before 2017 who doesn't have a rueful experience to share. It will be very difficult to find one. You got on board here in 2020, and started well before the 2021 bull reason set in. You must've read extensively to know what pitfalls to avoid. However, don't loose your guard and believe you can't make a wrong call or judgment. Bad decision isn't the exclusive of noobs.