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Author Topic: Worst mistake you did with Bitcoin?  (Read 135040 times)
vrm86
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September 12, 2015, 10:58:33 PM
 #421

Mining 1,1 BTC with Radeon 6950 (took about 8-12 hours) then sold for  about 5$.
2Q 2011 :p

The difficulty at that time was lower Smiley, it was cheap at that time. I consider a mistake that i haven't invested in hardware mining few years before.

I don't remember the exact details, also price was fluctuating a lot that days.In the middle of 2011 the first serious bitcoin bubble poped and I sold some BTCs @40$ in panic  Cheesy
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September 12, 2015, 11:04:37 PM
 #422

Mining 1,1 BTC with Radeon 6950 (took about 8-12 hours) then sold for  about 5$.
2Q 2011 :p

The difficulty at that time was lower Smiley, it was cheap at that time. I consider a mistake that i haven't invested in hardware mining few years before.

I don't remember the exact details, also price was fluctuating a lot that days.In the middle of 2011 the first serious bitcoin bubble poped and I sold some BTCs @40$ in panic  Cheesy

In 2011 the price of computers especially graphic cards (in your case Readon 6950) was extremely expensive. But panic forces you to sell at lower price Sad. Hope this will never happen again.
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September 13, 2015, 03:40:07 AM
 #423

i am sure im not the only one with this mistake,
 the worst mistake i did with bitcoin is selling it when the price go down , i panicked that time and i really regret it

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September 13, 2015, 03:49:59 AM
 #424

I wqs playing oambling on luckyb.it at 0.002BTCper bet on red line.... I wanted to change fees and wanted to add another 0 in fees and mistakely i added it in. Amount and went on losing 0.02BTC  Undecided

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September 13, 2015, 04:45:36 AM
 #425

i am sure im not the only one with this mistake,
 the worst mistake i did with bitcoin is selling it when the price go down , i panicked that time and i really regret it

I did this mistake recently too. ;(

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September 13, 2015, 05:59:33 AM
 #426

My worse mistake was i buy a cloud mining contract.  Never invest high amounts of BTC in things like cloud mining and ponzi schemes.
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September 13, 2015, 12:04:05 PM
 #427

My worse mistake was i buy a cloud mining contract.  Never invest high amounts of BTC in things like cloud mining and ponzi schemes.
Which cloud mining did you invested in? I invested in btc-flow and only got half of my investment.
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September 13, 2015, 12:21:50 PM
 #428

playing investing in hyip and I tried my first direct investment with a fairly large value, then they scam  Angry
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September 13, 2015, 12:51:38 PM
 #429

playing investing in hyip and I tried my first direct investment with a fairly large value, then they scam  Angry

same mistake. i wasn't aware that time of how HYIP and ponzi works, all i know is that i will invest to the site and i will get guaranteed returns + high profit but i was wrong all the time , i invested a large amount i can do and lose it all when the site turned scam. that was the biggest mistake i did with bitcoin (so far Cheesy)
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September 13, 2015, 01:00:07 PM
 #430

playing investing in hyip and I tried my first direct investment with a fairly large value, then they scam  Angry

same mistake. i wasn't aware that time of how HYIP and ponzi works, all i know is that i will invest to the site and i will get guaranteed returns + high profit but i was wrong all the time , i invested a large amount i can do and lose it all when the site turned scam. that was the biggest mistake i did with bitcoin (so far Cheesy)

yes i also used to not know how to invest hyip work, because I see the results of other people who could multiply the money in a short time. but it does not work well on me  Undecided
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September 13, 2015, 02:56:26 PM
 #431

Waste my time on faucets and gambling bitcoin on a site with bad reputation or didnt pay
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September 13, 2015, 03:20:24 PM
 #432

I have done many bitcoin mistakes such investing into alt coins scams, but my worst mistake was when I once sent around 1 btc to the wrong address. Always double check the address before sending any bitcoin.
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September 13, 2015, 04:41:02 PM
 #433

I have done many bitcoin mistakes such investing into alt coins scams, but my worst mistake was when I once sent around 1 btc to the wrong address. Always double check the address before sending any bitcoin.

1 BTC???

Shit!

It's very bad... :/

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confirmation120
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September 13, 2015, 06:02:10 PM
 #434

playing investing in hyip and I tried my first direct investment with a fairly large value, then they scam  Angry

same mistake. i wasn't aware that time of how HYIP and ponzi works, all i know is that i will invest to the site and i will get guaranteed returns + high profit but i was wrong all the time , i invested a large amount i can do and lose it all when the site turned scam. that was the biggest mistake i did with bitcoin (so far Cheesy)

We had the same mistakes , LOL. I think there are more like us made the same mistake and we should make a club haha. Due to my greed and being naive, I was also scammed by ponzis
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September 13, 2015, 06:21:51 PM
 #435

worst mistake was ignoring btc back in 2010. Seemed cool and all but i saw people saying its a scam and wont get very far, and i listened to them.
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September 13, 2015, 07:30:07 PM
 #436

Another worst mistake I did with my beloved bitcoin is the Scrypt.cc saga way back on my first journey in bitcoin last March this year. Why it's a mistake? You already know but good thing I get back my ROI. I only invested a small amount there but that amount was big enough for me that time since I don't have an idea in signature campaign and only rely on faucets way back then.

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September 13, 2015, 09:05:54 PM
 #437

Not be an early adopter. I heard about bitcoins around 2010. Too bad, I was 14, didn't understand anything.
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September 13, 2015, 10:47:10 PM
Last edit: September 14, 2015, 01:27:10 PM by BNO
 #438

My 3 biggest mistakes were all in the year 2011. I went through the hassles to buy bitcoin back then. And i played it agressively invested a pretty large sum for me. Mistake here? 3 Things:

1. I thought that bitcoin is a pump and dump sheme. So i got mentally totally prepared to sell it. I didn't really trust Mtgox but thought they had a professional trading plattform. So when btc started falling from 30$ i pressed the sell button, but my order was not going through so i was hammering my keyboard, beeing total in awe for about 10min (worst 10min of my life) when the order finally got through i was totally goxed. To believe that Mtgox had a professional trading engine was a big mistake.. Today when i think about it i can only laugh that i thought --something-- could have been professional about Mtgox... After that i really added this on my mental list of trading risks: when trading underground plattforms, do not expect that you are able to sell any minute you want to.

2. In the then falling market i did something you should never do: I tried daytrade and make some of my losses back, result: more losses.

3. After bitcoin then in 2011 fell, i thought "well that's the end of this pump and dump". I was clever enough to make myself an Outlook reminder for 6 Months later to check prices again - but it didn't help. I looked at the chart mumbled something about "well it stabilized, but i don't know" and forgot about it. If i had have been checking this 3 months later or so, i would have made the investment of my life so far.


The thinking that has led us to this point will not lead beyond - Albert Einstein
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September 14, 2015, 12:52:33 PM
 #439

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.?

i have said it before and i will say it again. most cloud mining companies are not to be trusted. you cant even really tell if they are mining or not.
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September 14, 2015, 01:21:31 PM
 #440

Not be an early adopter. I heard about bitcoins around 2010. Too bad, I was 14, didn't understand anything.

hei mate we have the same age Smiley
2010 you've heard about bitcoin? its so cool
in 2010 i dont even know about paypal lol
i realize that i was not  an early adopter,but who knows 5 years latter 1 bitcoin is $ 10k
or more who knows
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