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Author Topic: Worst mistake you did with Bitcoin?  (Read 135038 times)
geopolisch
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May 15, 2016, 09:01:32 AM
 #2021

nearly everyone here admit that gambling was their worst mistake but i admit trading in a wrong time once long back was my worst mistake ever.

I’ve lost a lot of satoshis in gambling faucets but I’m actually quite glad that I didn’t spend a lot of money in gambling. The worst mistake I made was spending 0.05BTC buying games on steam without investing or earning more; and I had to start from scratch (lousy faucet system) to earn bitcoins.
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May 15, 2016, 10:00:20 AM
 #2022

Nothing seems to be a big mistake, I think getting addicted to gambling is the mistake of all time which had paved path for loss of hard earned bitcoins.
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May 15, 2016, 10:07:53 AM
 #2023

Nothing seems to be a big mistake, I think getting addicted to gambling is the mistake of all time which had paved path for loss of hard earned bitcoins.


Exactly majority of us want to get rich in quick time and for that we take help from gambling, but we forget the fact that only house wins and we are left with nothing at the end of the day.
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May 15, 2016, 02:32:33 PM
 #2024

Nothing seems to be a big mistake, I think getting addicted to gambling is the mistake of all time which had paved path for loss of hard earned bitcoins.


Exactly majority of us want to get rich in quick time and for that we take help from gambling, but we forget the fact that only house wins and we are left with nothing at the end of the day.

Gambling is the worst way to make money. In gambling your probability of losing is higher that winning. Most of us here suffer because of our wrong decision in the past to gamble our hard earn coins. If we have invested it or even hold it until now then we can already experience a decent life today.

It is always wrong to treat gambling as an easiest and fastest way to earn profit and it is primarily designed for entertainment and as bettors we pay for the service we get to be entertained.

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May 15, 2016, 02:37:06 PM
 #2025

Nothing seems to be a big mistake, I think getting addicted to gambling is the mistake of all time which had paved path for loss of hard earned bitcoins.

Of course gambling is worst mistake to all if they do, the worst mistake I did with my bitcoin well maybe this mistake is a mild one, hehe when bitcoin is having an remarkable growth increase and not converting my BTC when bitcoin is up, I just lose $20 by not doing so, sadly I need to wait for the coming increase again.
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May 15, 2016, 02:42:06 PM
 #2026

Nothing seems to be a big mistake, I think getting addicted to gambling is the mistake of all time which had paved path for loss of hard earned bitcoins.


Exactly majority of us want to get rich in quick time and for that we take help from gambling, but we forget the fact that only house wins and we are left with nothing at the end of the day.

Gambling is the worst way to make money. In gambling your probability of losing is higher that winning. Most of us here suffer because of our wrong decision in the past to gamble our hard earn coins. If we have invested it or even hold it until now then we can already experience a decent life today.

It is always wrong to treat gambling as an easiest and fastest way to earn profit and it is primarily designed for entertainment and as bettors we pay for the service we get to be entertained.

What you said is true but even then out of 100 peoples  80% of them try to play in gamble and get the profit, but in vain in that only 10% make it out balance lose on high, first i was playing in gambling  casino but now i have started to play in sports and have recovered my loss and in a decent profit.

but still now i have stopped to go for high betting, just play for fun and keeping my balance bitcoins for long term or in between when ever i am in need of fiat currency for my expenses i full fill it.
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May 15, 2016, 02:59:38 PM
 #2027

So this thread is one of my most successful one at Bitcointalk with over a hundred pages or replies. Anyway, first edit to the first post was made.

Listed down some common mistakes people made with Bitcoin.

Quote
1. Gambling.
2. Not knowing Bitcoin earlier.
3. Participating in HYIP & Wrong trading technique (both Altcoin and day trading).
4. Sending to wrong address & lost of wallet.
5. Cloud mining & scammed trade.

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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May 15, 2016, 03:02:44 PM
 #2028

So this thread is one of my most successful one at Bitcointalk with over a hundred pages or replies. Anyway, first edit to the first post was made.

Listed down some common mistakes people made with Bitcoin.

Quote
1. Gambling.
2. Not knowing Bitcoin earlier.
3. Participating in HYIP & Wrong trading technique (both Altcoin and day trading).
4. Sending to wrong address & lost of wallet.
5. Cloud mining & scammed trade.

Since i don't gamble no 1 doesn't apply to me. But no 2-4 are things i recognize. If I could do it all over I would have saved at least 4-5 bitcoins.
For me was learning money...
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May 15, 2016, 03:24:10 PM
 #2029

My biggest mistake till today was GAW miners. Lost quite some BTC there. But it made me very sceptic to the whole bitcoin scene which is why after that 1 mistake I did not fall for any of the other reasons.
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May 15, 2016, 03:27:45 PM
 #2030

So this thread is one of my most successful one at Bitcointalk with over a hundred pages or replies. Anyway, first edit to the first post was made.

Listed down some common mistakes people made with Bitcoin.

Quote
1. Gambling.
2. Not knowing Bitcoin earlier.
3. Participating in HYIP & Wrong trading technique (both Altcoin and day trading).
4. Sending to wrong address & lost of wallet.
5. Cloud mining & scammed trade.

Since i don't gamble no 1 doesn't apply to me. But no 2-4 are things i recognize. If I could do it all over I would have saved at least 4-5 bitcoins.
For me was learning money...

Yeah you need to learn new things and also find the safest way to earn money which can be profitable in future and you don't have to bear losses by investing in gambling.
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May 15, 2016, 05:50:34 PM
 #2031

What's the worst mistake you did with your Bitcoin? It can vary from starting to use Bitcoin to buying dumped Altcoin to gambling.

The worst mistake I made with Bitcoin is... Buying cloud mining hashrate. I bought 0.02 GH/s CEX.IO hash rate voucher at SEOClerk for $2 USD - or maybe $1 USD. I thought with 0.02 GH/s, I would be making a profit in half a year.. And I was wrong.

Well, I bought using the free five dollars coupon. So that does not count as making a mistake with Bitcoin. However, the slow profit lead me to buying hashing power from CEX.IO and later on.. ZeusHash using the Bitcoin I earned from signature campaign.. Again, I thought I would be making profit in a few months. Till today, I'm sure I have not make any profit from both the company yet. CEX.IO stopped their cloud mining operation and.. ZeusHash.. What do you think.?

Edited (15 May 2016):

First edit since this thread was posted. Anyway, after reaching more than 100 pages (103 to be exact), today I will list down some common ones.

1. Gambling
2. Not knowing Bitcoin earlier.
3. Participating in HYIP & Wrong trading technique (both Altcoin and day trading).
4. Sending to wrong address & lost of wallet.
5. Cloud mining & scammed trade.

i did two large mistakes with bitcoins first one was sending money to wrong account and  i lost my money, i sent around 30$ so i was really sad that day being so dumb

and second mistake is gambling, i don't very like to gamble but  once i tried and i got addicted and i lost a lot of money, so i think it counts as a mistake too, i wouldn't do that again

 
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May 15, 2016, 06:23:51 PM
 #2032

Mine was gambling too, Lost 7 btc in 15mins, First and last time.
And once lost 0.7btc because i forgot to save my private key while i was using Tails.
But i learned from everything.
Akupuniard
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May 15, 2016, 06:36:53 PM
 #2033

Nothing critical, just some problems with transactions. I am reading about other people and hope that's will never happen to me. I don't want to lose my money.

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May 15, 2016, 06:45:02 PM
 #2034

Tongue I did not any mistake
I think I am on right way
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May 15, 2016, 06:48:19 PM
 #2035

What's the worst mistake you did with your Bitcoin? It can vary from starting to use Bitcoin to buying dumped Altcoin to gambling.

The worst mistake I made with Bitcoin is... Buying cloud mining hashrate. I bought 0.02 GH/s CEX.IO hash rate voucher at SEOClerk for $2 USD - or maybe $1 USD. I thought with 0.02 GH/s, I would be making a profit in half a year.. And I was wrong.

Well, I bought using the free five dollars coupon. So that does not count as making a mistake with Bitcoin. However, the slow profit lead me to buying hashing power from CEX.IO and later on.. ZeusHash using the Bitcoin I earned from signature campaign.. Again, I thought I would be making profit in a few months. Till today, I'm sure I have not make any profit from both the company yet. CEX.IO stopped their cloud mining operation and.. ZeusHash.. What do you think.?

Edited (15 May 2016):

First edit since this thread was posted. Anyway, after reaching more than 100 pages (103 to be exact), today I will list down some common ones.

1. Gambling
2. Not knowing Bitcoin earlier.
3. Participating in HYIP & Wrong trading technique (both Altcoin and day trading).
4. Sending to wrong address & lost of wallet.
5. Cloud mining & scammed trade.





Sending to wrong address

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May 15, 2016, 09:24:44 PM
 #2036

Sending to wrong address

Can't we put all errors listed in this thread into this single category? Cheesy Cheesy Cheesy

I sent my coins to the wrong investments... I should have send it to another address of mine instead. Cheesy

Please ALWAYS contact me through bitcointalk pm before sending someone coins.
kalaria
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May 15, 2016, 09:30:06 PM
 #2037

I send my bitcoin in ponzi doublebitcoin service and lose it.
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May 15, 2016, 09:53:38 PM
 #2038


Sending to wrong address

this is my experience too, I withdrawn on exchange and I sent to other exchange but  I put other address (altcoin address) lol.


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May 16, 2016, 12:44:02 AM
 #2039

nearly everyone here admit that gambling was their worst mistake but i admit trading in a wrong time once long back was my worst mistake ever.
yeah for two it is a method that has a high risk. so do not be surprised if a lot of people suffer defeat and loss and they all regret

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May 16, 2016, 12:46:32 AM
 #2040

That probably would be not buying it earlier. And gambling which lost me a couple btc (1-2) if I hadn't gambled I would be definitely more well off than now. The reason I didn't buy earlier is because I thought it was useless.

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