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Author Topic: Worst mistake you did with Bitcoin?  (Read 135038 times)
NewInCryptoCurrency
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May 04, 2016, 08:43:59 AM
 #1901

There are many mistakes that people made with Bitcoin and is of course bad with Bitcoin but you can also learn from your mistakes and that is can be nice for you.
But you never know what will happen with the value and that is because nobody can control the value.
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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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rickadone
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May 04, 2016, 03:39:10 PM
 #1902

At initial stage I invested my money in doubler and cloud mining sites, which turned out to be a ponzi schemes and I lost everything that I invested into it.
I believe, most of the bitcoiners had done this mistake in their bitcoin life.  Because cloud mining were seeming an opportunity for every bitcoiner to be participating in the most exciting part of bitcoin: mining. But unfortunately many of the cloud mining site ended up in scamming.
Oralmat
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May 04, 2016, 03:46:55 PM
 #1903

At initial stage I invested my money in doubler and cloud mining sites, which turned out to be a ponzi schemes and I lost everything that I invested into it.

I didn't invested in such Ponzi schemes.  Smiley what i did wrong was,  Even though I knew faucets gives small amount of SAT,, i still spend a lot of time on them. Now i thought i could have done something more useful Cry
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May 04, 2016, 04:42:03 PM
 #1904

At initial stage I invested my money in doubler and cloud mining sites, which turned out to be a ponzi schemes and I lost everything that I invested into it.

Oh, you should not have to invest in any scheme where you have to handle your money to any other person, try to learn about some other businesses where you own your business and you control your money and no one will be there to scam you and your money will be safe with you.
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May 04, 2016, 04:48:09 PM
Last edit: May 20, 2016, 03:53:13 PM by streazight
 #1905

I did not do any mistake with bitcoin
BitcoinPenny
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May 04, 2016, 08:07:09 PM
 #1906

I remember needing to convert a little BTC to PayPal, and I found a very well-designed and professional (looking) website that offered the service. I lost $40-ish in BTC that day.

On the bright side, I learned SEVERAL lessons, and it was worth the price.

Regards,
Chris

BitcoinPenny.com | "When it comes to bitcoin swag, we make perfect CENTS!"
beerlover
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May 04, 2016, 08:07:32 PM
 #1907

My worst mistake was, I forgot to save my passwords in an online wallet. I lost a couple of BTC. and I can not take anymore of my money online. I'm sad and I think it was a mistake of the worst I've ever done.
Protecting your password is same like keeping your house key safe. In most of the online wallets there are not excusing for forgetting or losing passwords. But in the case with blockchain.info, if you have privatekeys, you would have the chances to get back your bitcoins.

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knowhow
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May 04, 2016, 10:57:16 PM
 #1908

Well my recent big mistake made with bitcoin were to purchase the accounts and made spam at the forum ,result i got all accounts permanent banned with all staked adress and i had invested 0,30btc on them,and now gone.I should had try to resell them as i got them ,but the lesson is dont spam.

You are a hero member but you made spam posts with bought accounts? A hero member should know what is the consequences of spamming unless this account that you use now is also a bought account.

No this account werent bought i didnt even believe i could get paid to post here i took sometime till try signatures,well the admin considered my posts from some account as spam soo baned me ,i believe i had posted too many daily with my accounts that lead into the spamming anyway i never thinked i would loose all my accounts ,anyway lessons must be learned with the mistakes we make,i had lost 0,03btc from computer problem because i didnt recorded the keys to acess the wallet soo its some lessons we must learn on the hard way.
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May 05, 2016, 12:34:53 AM
 #1909

My worst mistake was, I forgot to save my passwords in an online wallet. I lost a couple of BTC. and I can not take anymore of my money online. I'm sad and I think it was a mistake of the worst I've ever done.
Protecting your password is same like keeping your house key safe. In most of the online wallets there are not excusing for forgetting or losing passwords. But in the case with blockchain.info, if you have privatekeys, you would have the chances to get back your bitcoins.

Very terrible dude, you lost couple of your bitcoin. To prevent that mistake happen again you should print out the information of your wallet to remember your password.

..C..
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MingLee
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May 05, 2016, 12:44:57 AM
 #1910

I haven't made a mistake yet (thankfully) and I'm glad that I'm able to learn from the mistakes of others and avoid making those mistakes myself.

I've basically determined that I shouldn't invest in anything, I shouldn't loan anything and to avoid the internet completely (/s).
uname
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May 05, 2016, 01:05:38 AM
 #1911

I haven't made a mistake yet (thankfully) and I'm glad that I'm able to learn from the mistakes of others and avoid making those mistakes myself.

I've basically determined that I shouldn't invest in anything, I shouldn't loan anything and to avoid the internet completely (/s).
thank goodness you have not experienced a big mistake. because in the online world is a lot of crime. phishing, scam, Ponzi and so forth. you should be careful in using bitcoin transactions

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May 05, 2016, 11:13:54 AM
 #1912

Actually i don't t ,think that i have a big worst mistake with bitcoin, only that when i was doing the gambling i lost my half bitcoin. but i learn the lesson, don't touch the gambling again. 
agustina2
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May 05, 2016, 11:26:04 AM
 #1913

My worst mistake was, I forgot to save my passwords in an online wallet. I lost a couple of BTC. and I can not take anymore of my money online. I'm sad and I think it was a mistake of the worst I've ever done.
Protecting your password is same like keeping your house key safe. In most of the online wallets there are not excusing for forgetting or losing passwords. But in the case with blockchain.info, if you have privatekeys, you would have the chances to get back your bitcoins.

In most cases, the most common solutions for password retrieval in bitcoin online wallets is by using the registered email in that web wallet. The process is just a piece of cake if all process went smoothly. I forgot my password twice in XAPO online wallet at COINBASE and retrieve it in just a matter of minutes.
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May 05, 2016, 11:32:27 AM
 #1914

Actually i don't t ,think that i have a big worst mistake with bitcoin, only that when i was doing the gambling i lost my half bitcoin. but i learn the lesson, don't touch the gambling again. 

You are lucky, you have not done a big mistake with gambling, actually if you have a lot of bitcoins than you do gambling till the end of the day you will lose every your bitcoins.









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May 05, 2016, 11:52:12 AM
 #1915

On my beginning with Bitcoin, I was translating around 0.12 BTC to a wrong address. I did not copy the fully address of the receiver. I forgot the last letter. So the transaction went to the nirvana. The address seemed to belonged to nobody.

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May 05, 2016, 12:38:38 PM
 #1916

My worst mistake I did with bitcoin is that I invested the money that I earned from faucets and other gift from my friends to a hyip. I don't have idea that hyip are scams so I'm confidently waiting my money earning without doing nothing but I was wrong.  Cry

Well on a high yield investment program that you have invested in I think it is not 100% legit, the thing that you need to do first is to know if that site are really legitimate before investing something and realized that you have done the wrong thing because the HYIP didn't respond to your request, just be careful in investing anything to a ponzi sites this will be always called gamble because of the risk if a site is really ponzi or not.
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May 05, 2016, 01:33:56 PM
 #1917

Invested  in doubler hoping that my bitcoins will be doubled in few days and also invested lot in gambling and lost everything, that was the biggest mistake.
Oralmat
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May 05, 2016, 02:15:16 PM
 #1918

I remember needing to convert a little BTC to PayPal, and I found a very well-designed and professional (looking) website that offered the service. I lost $40-ish in BTC that day.

On the bright side, I learned SEVERAL lessons, and it was worth the price.

Regards,
Chris

Im one of the many person who has not trusted bitcoin at the start. but From now on , I will have trust bitcoin no matter what happens.
I now have full faith in bitcoins.
peta4e
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May 05, 2016, 02:19:41 PM
 #1919

I remember needing to convert a little BTC to PayPal, and I found a very well-designed and professional (looking) website that offered the service. I lost $40-ish in BTC that day.

On the bright side, I learned SEVERAL lessons, and it was worth the price.

Regards,
Chris

Im one of the many person who has not trusted bitcoin at the start. but From now on , I will have trust bitcoin no matter what happens.
I now have full faith in bitcoins.

That is the mistake committed by majority of us for not entering into bitcoin at a right time but never the less I think now we are at the best place to become rich in future.
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May 05, 2016, 02:21:35 PM
 #1920

The only thing I regret is not joining this world earlier. Took me one year to realize how the blockchain is changing the world.
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