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Author Topic: Worst mistake you did with Bitcoin?  (Read 135038 times)
ShrykeZ
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March 01, 2016, 10:19:49 AM
 #1201

Mt.Gox.

'nuff said.


Same here as well as Cryptsy, not a great deal but still enough to leave a bitter taste.
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jacktheking (OP)
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March 01, 2016, 10:23:12 AM
 #1202

I invested few bitcoins into a ponzi site where they assured that they would double my bitcoins in certain hours and pay me with profits, I invested and lost everything.

Well. I hope that you learnt your lesson and will not participate in any kind of scammy looking game anymore. Most ponzi schemes is very bad in 2016.

I've loaned to a few people that never repaid their loans. That was pretty stupid.

Apart from that, I would have to say that I have gambled away some important funds that I have needed badly. However, I have learned my lesson now, and I definitely won't do it again.

You should have checked their profile and trusts (if at Bitcointalk) before deciding to lend them Bitcoin.

Good that you have learnt your lesson and will not gamble away any of your important Bitcoin again. And ... How about not gambling at all?

oh forgot my 2nd worst mistake.. when i forgot the passphrase of my wallet and it wallet's balance is .15btc

That is really a big mistake. 0.15 BTC is a lot today. Make sure you remember your passphrase next time.

The mistake i made was that, when the price was at a fluctuation of $370 to $380 there were some amount of bitcoins with me, I thought that the price will remain there for long time so i don't have to wait any more, so i used my bitcoin for some purpose and after a week the price reached to $440, .
I wish that I hold that for a week more.

I did this type of mistake too. I bought a lot of domains using Bitcoin at Namecheap when the price for a Bitcoin was 200 USD. Today, the price of Bitcoin is 400 USD. I could have bought 2x the amount of domains if I waited six months. Sad.

So sad! This profile does not appear as the #1 result (on anonymous) Google searches anymore.

Time to be active on the crypto forums again? Proud to be one of the few Legendary members of the Sparkie Red Dot!

Gonna put this on my resume if I ever join a cryptocurrency/blockchain industry!
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March 01, 2016, 11:08:59 AM
 #1203

i was new in bitcoin and use my money to buy some bitcoins and gambling trick , but i never win

Buying bitcoin is not a mistake, but if you are buying bitcoins just to use it in gambling, you have to think twice..think about your real goal on why you are collecting bitcoin..
yhea some guy offered me with trick to win on a dice site, when i bought for $10 he gave me free software for auto click and 95% chance setting, but i still lost

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March 01, 2016, 11:12:14 AM
 #1204

Gambling around little less than 1 BTC when it was $10 in value...

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March 01, 2016, 11:22:10 AM
Last edit: March 01, 2016, 11:56:05 AM by monsanto
 #1205

Gox, Mintpal, NeoBee. No huge losses though.  Worst mistake with crypto in general: not selling LTC at 48!  Cry
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March 01, 2016, 11:29:29 AM
 #1206

Gambling and dice. Yep, that's the worst thing i did with Bitcoins. Lost about 2BTCs in a day!
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March 01, 2016, 12:29:19 PM
 #1207

Gambling and dice. Yep, that's the worst thing i did with Bitcoins. Lost about 2BTCs in a day!

You can take a long run in gambling with a BTC2 bankroll and you just lost it in a day.

Look like you are in a rush or chasing some loss and eyeing some greedy earnings that's why it happened.

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tiggytomb
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March 01, 2016, 12:48:11 PM
 #1208

Has to be altcoins, thinking I'm going to get super rich if I just hold a certain coin only to watch it get dumped to oblivion, altcoins are a weakness.
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March 01, 2016, 01:05:39 PM
 #1209

Gambling and dice. Yep, that's the worst thing i did with Bitcoins. Lost about 2BTCs in a day!
just a gamble that could make you rich in an instant and only gambling can make you be poor in a short time. so beware. in gambling. do not be too greedy
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March 01, 2016, 03:16:27 PM
 #1210

The worst mistake is that I bought it for a high price and that is not good. Now I must hold it a really long time.
And that is not good. I hope that the price will rise for a long time so we can get some profit later in the future.


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betohell
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March 01, 2016, 03:24:22 PM
 #1211

The worst mistake is that I bought it for a high price and that is not good. Now I must hold it a really long time.
And that is not good. I hope that the price will rise for a long time so we can get some profit later in the future.
Lol you must see the condition mate before buy.
if prices are rising. do not rush to buy. These consequences. you will lose

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March 01, 2016, 03:28:39 PM
 #1212

the worst mistake i did with bitcoin is that i made traded 350$ with unknown trader i didn't care about fraud because i was new that time.
i sent him 350$ btc to his wallet and then he blocked me i tried every way to find that wicked but not success.

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March 01, 2016, 03:50:39 PM
 #1213

Gambling and dice. Yep, that's the worst thing i did with Bitcoins. Lost about 2BTCs in a day!

You can take a long run in gambling with a BTC2 bankroll and you just lost it in a day.

Look like you are in a rush or chasing some loss and eyeing some greedy earnings that's why it happened.
2 BTC is not small money. I need at least two months to collect as much of it. First you've got to move on and get out from gambling
that is why greed is a fear factor when you're working or playing gambling. so be careful with it.
monsanto
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March 01, 2016, 03:55:27 PM
 #1214

Gambling and dice. Yep, that's the worst thing i did with Bitcoins. Lost about 2BTCs in a day!

You can take a long run in gambling with a BTC2 bankroll and you just lost it in a day.

Look like you are in a rush or chasing some loss and eyeing some greedy earnings that's why it happened.
2 BTC is not small money. I need at least two months to collect as much of it. First you've got to move on and get out from gambling
that is why greed is a fear factor when you're working or playing gambling. so be careful with it.


Just hodling is gambling, at least in relation to usd.
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March 01, 2016, 03:59:20 PM
 #1215

my worst mistake i made in bitcoin was gambling out of control with bitcoin for a while which lead to losing a lot of money on my part.

Holding Bitcoin More Every Day
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March 01, 2016, 04:04:06 PM
 #1216

Gambling and dice. Yep, that's the worst thing i did with Bitcoins. Lost about 2BTCs in a day!
You shouldn't be gambling. Particularly if you're not going to be responsible and play in moderation. Were you chasing loses, or being greedy? These factors are what most problem gamblers struggle with, and what separates them from the recreational gambler.

Signatures? How about learning a skill... I don't care either way. Everybody has to make a living somehow.
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March 01, 2016, 04:11:03 PM
 #1217

The worst mistake is that I bought it for a high price and that is not good. Now I must hold it a really long time.
And that is not good. I hope that the price will rise for a long time so we can get some profit later in the future.

Also did that, my big mistake was that I bought the bitcoin for a high number when the price was going to a lower point so that is pretty bad if you ask be, I still have regret from that point.
Its not very bad because the halving will maybe go to a high amount so I can make profit again on that bitcoin that I bought for a high price.
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March 01, 2016, 07:09:11 PM
 #1218

my worst mistake?? When lose all of my bitcoins in gambling i learned my lesson that don't gamble anymore


you learned it the hard way because you didn't learn from other peoples experience in gambling... but its good, atleast you learned it first hand, and you now know how it feels..  Smiley
Its good that you learned, but actually gambling is not a mistake. And you must experience all the things, so think like you paid some money for learning the experience with gambling. I always regret having bought too many altcoins being optimistic and then later I gave huge loss, but nevertheless its one of the experience and I paid for it.
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March 01, 2016, 07:18:51 PM
 #1219

my worst mistake?? When lose all of my bitcoins in gambling i learned my lesson that don't gamble anymore


you learned it the hard way because you didn't learn from other peoples experience in gambling... but its good, atleast you learned it first hand, and you now know how it feels..  Smiley
Its good that you learned, but actually gambling is not a mistake. And you must experience all the things, so think like you paid some money for learning the experience with gambling. I always regret having bought too many altcoins being optimistic and then later I gave huge loss, but nevertheless its one of the experience and I paid for it.

Yeah its better to experience each and everything around us, majority of us did the same mistake to gamble with their bitcoins and tried to multiply in quick time, but the result was we lost everything.

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March 01, 2016, 07:34:01 PM
 #1220

my worst mistake?? When lose all of my bitcoins in gambling i learned my lesson that don't gamble anymore


you learned it the hard way because you didn't learn from other peoples experience in gambling... but its good, atleast you learned it first hand, and you now know how it feels..  Smiley
Its good that you learned, but actually gambling is not a mistake. And you must experience all the things, so think like you paid some money for learning the experience with gambling. I always regret having bought too many altcoins being optimistic and then later I gave huge loss, but nevertheless its one of the experience and I paid for it.

Yeah its better to experience each and everything around us, majority of us did the same mistake to gamble with their bitcoins and tried to multiply in quick time, but the result was we lost everything.

Short term greed vs long term profits, its a tough choise and most people choose short term.

People need more patience with BTC

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