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Author Topic: Worst bitcoin decision you've ever made?  (Read 96472 times)
chrsjrcj
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April 01, 2013, 08:22:20 PM
 #21

Gambling (and losing) my first 2 BTC on satoshi dice.

Needless to say, I haven't gambled since, and don't plan on doing so.   Cheesy

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April 01, 2013, 08:30:57 PM
 #22

Summer 2012. Diablo 3. I bought in game gold with bitcoin @ $3/btc - Spent 90 coins for 500 million in game gold.

IGG = 35 cents / million now.

I lose.

/wrist

Don't feel bad. Some probably bought pizza's when bitcoins were about $.02  Assume a $20+ pizza order. :-/

It's all hindsight. Few if anyone probably thought this would be this high. Even when it hit $35 over a year ago, it looked like a fluke. I'm now entertaining the idea that it really could go into the thousands one day. It's just beginning. Assume no government attempting any kind of intervention, then why would it stop expanding usage? And more usage seems to imply consequently the price going up?
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April 01, 2013, 08:35:15 PM
 #23

Gambling with BTC back when they were cheap. 

Leveraged trading on bitcoinica...those margin calls came quick, lol.
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April 01, 2013, 08:53:57 PM
 #24

i heard of bitcoin about 1 year ago and started mining, but then i just forgot about it and returned 2 months agoright after ASICMiner started mining
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April 02, 2013, 08:01:46 AM
 #25

not buying some coins and hitting up faucets when I first learned about them.  Back when the Bitcoin cross country roadtrip took place.  Not sure what the price was but I know it was crazy low.  I could have bought in and not really cared where it went and could have made some nice money.

I spent all my time researching what I thought was a great idea but hesitated and lost interest and obviously a great investment that would have made me a very happy person right now. 
johnniewalker
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April 02, 2013, 09:19:56 AM
 #26

For real-I've been looking into time travelling machines
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April 02, 2013, 09:37:54 AM
 #27

For real-I've been looking into time travelling machines
counter argument: there are no TTMs because of the recent price rise. at least, not in our copy of the universe Smiley
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April 02, 2013, 11:04:02 AM
 #28

not buying in when i first heard about it.
Altough i think the best decision i made was to buy in after a year of consideration!

The cost of mediation increases transaction costs, limiting the
minimum practical transaction size and cutting off the possibility for small casual transactions

Satoshi Nakamoto : https://bitcoin.org/bitcoin.pdf
gogxmagog
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April 03, 2013, 03:20:06 AM
 #29

wasting good BTC on g#$damn satoshidice.


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vitalemontea
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April 03, 2013, 09:17:57 AM
 #30

If only I waited I could get 25k USD instead of 200
Also lost about 10k USD worth of coins on gambling. (Today's price)
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April 03, 2013, 09:41:44 AM
 #31

I will never forget my first mistake...  trusting some dude "Tawsix" and his bitcoin mining operation SIN... I lost the first 100+ coins I mined to him.

and GLBSE, but I don't blame Nefario.

I'm with you on this one.
Did the same mistake, although I only invested a few coins, which I completely lost...

Anonymous Cash-By-Mail Exchange: https://www.bitcoin2cash.com
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OPEN GAMING PLATFORM


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April 03, 2013, 09:46:11 AM
 #32

Not properly looking into bitcoin when I first heard about it around januari 2011 and forgetting about it for almost 2 years...
Those would have been some cheap coins...

+1
Sad

+2

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April 03, 2013, 09:46:57 AM
 #33

llost the password of 480 btc when they were ~10-12 eur/btc.

(but made it with gambling on satoshi, started with 20, 2 days later there was 480 in my pocket)

But still sucks Sad since then quiteded btc and not going to enter the bubble again.

malevolent
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April 03, 2013, 09:49:18 AM
 #34

llost the password of 480 btc when they were ~10-12 eur/btc.

(but made it with gambling on satoshi, started with 20, 2 days later there was 480 in my pocket)

But still sucks Sad since then quiteded btc and not going to enter the bubble again.

Do you know anything about the password? Was it a pass to an online wallet or did you encrypt using a Bitcoin client? Don't want to get your hopes up but  you can give it a try asking on the forums, maybe someone will be able to help.
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April 03, 2013, 12:58:54 PM
 #35

1) Pirate
2) Johnathan Ryan Owens

"We are just fools. We insanely believe that we can replace one politician with another and something will really change. The ONLY possible way to achieve change is to change the very system of how government functions. Until we are prepared to do that, suck it up for your future belongs to the madness and corruption of politicians."
Martin Armstrong
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April 03, 2013, 01:27:31 PM
 #36

Failing to buy a ton of Bitcoin when it was $5 last summer.


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topslop1
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April 03, 2013, 01:50:31 PM
 #37

Mining ~300 coins and then selling for $10 a pop.
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April 03, 2013, 02:42:19 PM
 #38

Loaning out coins for small interest rates, then having people default on them. Could have a lot more coins right now if it wasn't for that.

https://sporestack.com/ (Launch servers with Bitcoin, anonymously)
https://launch.sporestack.com/#vpn (Launch a VPN server with Bitcoin in minutes)
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April 03, 2013, 05:27:04 PM
 #39

Sent half of my bitcoins to a friend, to get him to try it out. He lost the private key.

There they lie: http://blockchain.info/address/1JzundL8uU2Mke4d85EQFbU49BcudQotuF forever inaccessible.

Also betting satoshidice 97%, I won, but payed more in fee than I got in winnings  Grin
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April 03, 2013, 09:26:09 PM
 #40

yeah I'm feeling sellers' remorse, but it's hindsight 20/20.  When most of us sold stuff, we had no idea what would happen, so don't feel too bad. Smiley   Remember that dude who bought 2 pizzas for 10,000 coins? Smiley 
 
 
My worst bitcoin decision might be pre-ordering a couple Jalapeños from Butterfly Labs. Smiley    Coins were approx $12ea when I pre-ordered, and now my coins are locked up there not doing anyone (but BFL) any good.  Refunding is done in dollars, so if I want a refund, my 26 coins that went to that would end up being approx 1.3. Sad 
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