Worst mistake you did with Bitcoin?

[SebastianJu]

Mine was acting on emotions. Let me tell you that emotions are the worst when it comes to investments. If you ever feel that you have to invest now in order to not lose a chance... then DONT invest. Let it be. There is no chance big enough to act on emotions. And for the most part these emotions are a bad advice anyway.

That is a very important lesson. It's also one of the hardest to take on board and implement. If you can put those types of feelings to bed then you're way ahead of most people.

Definitely. Its unbelieveably hard. The feeling might even manipulate you to think you did your due diligence. Its like an incredible force. Adrenaline. Maybe its similar to what gamblers feel.

Last time i fell for it i did my due diligence and then the price of the coin went up. I became emotional and hasty because i thought it will go up anyway and i need to get on it fast.

I think without the emotions i would have decided that i could wait until its cheaper again. And it went down.

The stupid thing is... i waited until it went up again and managed to sell for the buying price and even with a small profit, but that was because bitcoin was rising and the coin was pegged to bitcoin. Only thing... the coin didnt stop that time. It went up and up.

I doubt the selling was emotion based. It was more bad luck i think. But they buying into a high price was emotion based.

Really... when you guys feel such an urge to buy or invest because it looks SOOO great... then turn off your computer and go to sleep. Seriously.

[Don007]

I've got a couple of mistakes. Let's start with these two.

#1; I was in the need of money and I sold a part of my BTC at what I thought was the right moment. Later it turned out that that was one of the worst moments to sell BTC..
#2; I invested a large part of my BTC in Scrypt ASIC mining devices. I'm still waiting on these devices and I think they will not show up anymore ("Fibonacci").

²

[linenoise]

Back in 2011 when I was mining 1+ BTC a day I was away from my mining equipment for a bit, it needed some babysitting so they were off. 50 days of mining downtime. Oops

-I bought a cointerra
-I bought an alpha tech

[ajun96]

Mintpal (hacked) + hashprofit (Ponzi)  

Edit: Alphatechnet maybe 50 BTC lost.

Are you sure 50 btc ?  Its $14.500 bro ? maybe i want to call fbi if thats me hahaha

[lmorrow]

my worst mistake with bitcoin was sending 0.15 bitcoins to a website that turned out to be a scam

[BitProdigy]

I sold 465 bitcoins in 2011 when they were at $6 so I could buy a Ninja 250… I still have the bike… but I'd rather have 465 bitcoins...

[Herbert2020]

*lol* I would say it was that i did not take care enough when i first heard of bitcoins. I probably could be rich.

this is something that everybody wishes, especially when the bitcoin price went up to $1000 a lot of bitcoin users regretted their past decisions of not buying or selling cheep

[Furio]

Moving 5 btc to a cold storage, but due to computercrash losing the password and thereby losing 5 btc

And no, I'm no whale, so this was ALOT of bitcoin for me sadly

[Searing]

I sold 465 bitcoins in 2011 when they were at $6 so I could buy a Ninja 250… I still have the bike… but I'd rather have 465 bitcoins...

oh man that hurt...that hurt me way way over here just reading it. ...right to the gut ...damn ouch.......got to warn a guy ....sorry for your loss

(still queasy just re-reading the above)

[Falconer]

I've got a couple of mistakes. Let's start with these two.

#1; I was in the need of money and I sold a part of my BTC at what I thought was the right moment. Later it turned out that that was one of the worst moments to sell BTC..

If you really in the need of that money, I think thats not a mistake imo. And no one can predict accurately about what will happens to bitcoin in future. So thats not fully your mistake.

my worst mistake with bitcoin was sending 0.15 bitcoins to a website that turned out to be a scam

My friend lost around 4 btc in a mining website, he was desperate at that time. But he have recovered all in gambling lol. Cant expect where he got that lucky. Atleast a mistake can give you an experience, so you wont repeat that again.

Moving 5 btc to a cold storage, but due to computercrash losing the password and thereby losing 5 btc

And no, I'm no whale, so this was ALOT of bitcoin for me sadly

Well it has been a warning for us, to make the backup of our passwords so we cant lose it if our computer get problem. 5 btc is a huge amount dude, sorry to hear that.

[Furio]

I sold 465 bitcoins in 2011 when they were at $6 so I could buy a Ninja 250… I still have the bike… but I'd rather have 465 bitcoins...

oh man that hurt...that hurt me way way over here just reading it. ...right to the gut ...damn ouch.......got to warn a guy ....sorry for your loss

(still queasy just re-reading the above)

I know a forum member that spend 10000 bitcoin on a pizza in the early days....

[str4wm4n]

You don't wanna know...

[Searing]

I sold 465 bitcoins in 2011 when they were at $6 so I could buy a Ninja 250… I still have the bike… but I'd rather have 465 bitcoins...

oh man that hurt...that hurt me way way over here just reading it. ...right to the gut ...damn ouch.......got to warn a guy ....sorry for your loss

(still queasy just re-reading the above)

I know a forum member that spend 10000 bitcoin on a pizza in the early days....

that forum member I assume had much more then that being and early adopter at least he has some re-dress on that (and a good story to tell
at the multi-millionaire parties he now attends I would suspect)

I'm so mad I did not get into BTC in 2009 ..i had just shut down a huge game server had 5 cpu's sitting around with nothing to do...no one called
no smoke signals...nada zip found out about it April 2013

now if LTC would just pop sitting on 3000 LTC and/or BTC would pop (sitting on 53) or hell just something would pop to get the titter totter on both in price
going again

when do i dump my LTC to BTC is the question (mining Titan(s))

but yeah 10,000 btc for a pizza ..he probably has other stories on what he spent BTC on beyond that (like 40.000 btc for a ps/2 or some such) I mean he
had to have SOME reason to get the Pizza

[electerium]

Buying Asicminer shares...
I guess it was a good learning experience...

reading /securities


good thing i only "lost" about .3 btc.

nevar again.

[BTCBinary]

my biggest mistake is i not knowing bout bitcoin earlier 

LOL I feel you. I started making bitcoin last March only. Don't worry we can still see the old bitcoin price and possibly it can surpass the current all time high price.

Ok so don't worry you still have plenty of time to be scammed, hacked, tricked, .... and a lot of crazy shit!

So, you better read this thread carefully before you engage any business or investment with BTC!

[harizen]

my biggest mistake is i not knowing bout bitcoin earlier 

LOL I feel you. I started making bitcoin last March only. Don't worry we can still see the old bitcoin price and possibly it can surpass the current all time high price.

Ok so don't worry you still have plenty of time to be scammed, hacked, tricked, .... and a lot of crazy shit!

So, you better read this thread carefully before you engage any business or investment with BTC!

Your reply is a miles away from that post. Read carefully before going to a signature campaign post.             

[SebastianJu]

my biggest mistake is i not knowing bout bitcoin earlier 

LOL I feel you. I started making bitcoin last March only. Don't worry we can still see the old bitcoin price and possibly it can surpass the current all time high price.

Ok so don't worry you still have plenty of time to be scammed, hacked, tricked, .... and a lot of crazy shit!

So, you better read this thread carefully before you engage any business or investment with BTC!

Your reply is a miles away from that post. Read carefully before going to a signature campaign post.             

Oh, i remember reading that and wondering too but didnt bother to read more carefully. But you are right.

BTCBinary... you really should be cautious if you want to keep that account valueable. You dont want to get banned for spam. ONLY post when you have something to contribute. You will be liked by campaign managers and often earn more than with spamming.

[shad_90]

I bought some altcoins and waited to sell them at high price. Prices went down instead, and i am still holding those altcoins.
Hope can drive a man insane. 

Other mistake was to invest in cex.io. Same there: Prices went down and i wasn't earning much with mining. They had very high payout limits (very high for me), and I can't take out my BTC from there.

[ridery99]

I sent 8 btc to my friend in 2011

[Gyfts]

The universal mistake of all people involved with Bitcoin is not starting early enough. Imagine being the first to discover the new technology, and mine it with the most mediocre mining power because the difficulty of the blocks were so low. As far as investing in altcoins. Some were successes. Dogecoin was something I never thought would lift off the ground and somehow made a name for itself. Perhaps not investing in that was also a mistake.