Worst bitcoin decision you've ever made?

[TheGodFather]

worst decision i've ever made ? i think when i do trading without id verification and got scammed by unknown person. i've lost 0.4 btc on that time but its already now okay for me because its too long ago but then again that's the worst scenario that happen to me in bitcoin society.

[Dudeperfect]

worst decision i've ever made ? i thought when i do trading without id verification and got scammed by unknown person. i've lost 0.4 btc on that time but its already now okay for me because its too long ago but then again that's the worst scenario that happen to me in bitcoin society.

That’s must be a terrible experience for you. Would you like to share your experience in detail? Why not should everyone learn something from your 0.4 BTC lesson? What was the exact case and where you tried to trade? Now, Do you only trade with ID verified traders? It would be the bonus if you can come up with instructions or recommendations for others.

[avikz]

Well I have also taken one worst decision with my bitcoin just two months back when it was at $600 level. I was in need of some urgent fund, so instead of asking from someone, I cashed out around 200 USD worth of bitcoin to my local fiat currency.

Looking at today's price, I am regretting now. I could have made it 500 worth of USD if I had not cashed it out then. I could have made another 50% profit with that existing bitcoin just by holding it. So I will not touch my bitcoin for another 5 years from now.

[pawanjain]

I think the main mistake made by me was to not obeyed the explanation of my friend who told me to buy Bitcoin because in two or three days rates will increase . Now I am weeping .

[passwordnow]

I feel disappointed that i sold all my bitcoins at rs 15000 . Which i totally regret it till now .as i think if i had saved that till now , i would have made a lot of profit.

That's fine mate, we may feel regret now but in the end there's no way to get back again to those times that we don't know that bitcoin is going to pump even higher. And what we need to do is just we need to keep on collecting bitcoins again and again because we have almost the same experience but chasing our past mistakes will not help us to become better.

If people keep on collecting Bitcoins instead of spending them, then it is going to negatively affect the ongoing efforts for Bitcoin adoption. The total number of Bitcoins are capped due to the principle of controlled supply. On top of that, if people reduce the amount of the floating coins, then it will make BTC very vulnerable to speculation.

Oh yes, I forgot to include that after collecting we need to spend that so that we are able to help the adoption and demand of bitcoin. And with those people who are holding bitcoins right now, I think they are not truly holding all of their coins. It is not that bad to keep on collecting because we know that it is also important to use bitcoin to keep us motivated and to see the fruits of our hard work.

[Xester]

Buying cigarettes online... complete shit

Well thats not a complete shit, its called comfort to buyers and business to sellers. But you are also right in saying its a shit since cigarette smoking is bad for our health. Why not spend bitcoins on something more important. If you get sickness from cigarette smoking then probably thats the worst bitcoin decision he had made.

Buying cigarettes online give negative feedbacks to bitcoin. Hope users instead of purchasing cigarettes, accessing pornsites, buying weeds and other illicit activities why not use bitcoin in a more positive way. In this way we are promoting bitcoins and encourage more users to use and accept bitcoins.

[Sithara007]

Oh yes, I forgot to include that after collecting we need to spend that so that we are able to help the adoption and demand of bitcoin. And with those people who are holding bitcoins right now, I think they are not truly holding all of their coins. It is not that bad to keep on collecting because we know that it is also important to use bitcoin to keep us motivated and to see the fruits of our hard work.

It is up to the big holders to step in and help with the Bitcoin adoption. Someone holding BTC5 or BTC10 can't be expected to take the same responsibility as someone else holding BTC10,000 in his wallet.

[LTU_btc]

I joined bitcoin when it price was only ~$200. I regret that I didn't buy some bitcoins at this time. But then I was only newbie and I had very sceptical opinion about bitcoin.
I also invested some money into various hyip's and ponzi's and lost money from it, but I can't say it was big mistake, because I knew about risk.

[molsewid]

I think the main mistake made by me was to not obeyed the explanation of my friend who told me to buy Bitcoin because in two or three days rates will increase . Now I am weeping .

Ive been here before and i can say that im totally devastated on that times because it reach $800 now and still growing thats why im waiting till it drop down and buy alots of bitcoin when i have my monthly salary so i can start my own business

[Cactushrt]

My only regret is when my friend told me about bitcoin but I didn't listen to him he explained to me about bitcoins how to make money in bitcoin it was way back 2013 and the price of the bitcoins is too low from now that's the big regret in my life. If i just listened to him maybe i have a savings/money right now.

[Pursuer]

I think the main mistake made by me was to not obeyed the explanation of my friend who told me to buy Bitcoin because in two or three days rates will increase . Now I am weeping .

Ive been here before and i can say that im totally devastated on that times because it reach $800 now and still growing thats why im waiting till it drop down and buy alots of bitcoin when i have my monthly salary so i can start my own business

so you are making another mistake again.
waiting around for bitcoin price to fall is going to end up bad for those who wait in like 90% of the cases, because the drop is always small and when it happens there is a fast recovery which means you will miss your chance to buy again.
besides if you don't want to trade bitcoin daily then buy at current price, you shouldn't worry too much about $5-$10 drop!

[passwordnow]

Oh yes, I forgot to include that after collecting we need to spend that so that we are able to help the adoption and demand of bitcoin. And with those people who are holding bitcoins right now, I think they are not truly holding all of their coins. It is not that bad to keep on collecting because we know that it is also important to use bitcoin to keep us motivated and to see the fruits of our hard work.

It is up to the big holders to step in and help with the Bitcoin adoption. Someone holding BTC5 or BTC10 can't be expected to take the same responsibility as someone else holding BTC10,000 in his wallet.

Yes you are right with it those people who are able to hold thousands of bitcoin are the one can truly help in whole but whether you are holding low quantity or high of bitcoins still you can do the help. By the way, I just admire those people who are able to hold 10,000+ volume of bitcoin they didn't really made any worst decision for holding those coins.

[Bitcoin0916]

My only regret is when my friend told me about bitcoin but I didn't listen to him he explained to me about bitcoins how to make money in bitcoin it was way back 2013 and the price of the bitcoins is too low from now that's the big regret in my life. If i just listened to him maybe i have a savings/money right now.

If you know right now I think it's not too late and still plenty of time to be able to profit. I suggest to buy immediately before the price more expensive from now.

I regret because the beginning of the year 2016 I waste about 10 btc to follow scam cloud mining program such as hashocean, cldmine, bitsrapid and some other scam programs. If I hold and sell now of course be additional to buy a new car.

[Fatanut]

I joined bitcoin when it price was only ~$200. I regret that I didn't buy some bitcoins at this time. But then I was only newbie and I had very sceptical opinion about bitcoin.

Me too and I think everyone else too. We all thought that bitcoin is some sort of scam and it's just another strategy of scammers. When you say to people that you can earn money online, the first thing that comes to mind is that you're doing some illegal stuffs. Pretty sure I've heard about bitcoin a long time ago as well but didn't give any attention to it. If I did, I should be rich by now. I shouldn't be in college, I should be somewhere else enjoying the money that I have made. Anyway, the only thing we can do now is regret being skeptical. Let's just look at the bright side that right now, we can earn money from bitcoins.

[varusisog]

I joined bitcoin when it price was only ~$200. I regret that I didn't buy some bitcoins at this time. But then I was only newbie and I had very sceptical opinion about bitcoin.

Me too and I think everyone else too. We all thought that bitcoin is some sort of scam and it's just another strategy of scammers. When you say to people that you can earn money online, the first thing that comes to mind is that you're doing some illegal stuffs. Pretty sure I've heard about bitcoin a long time ago as well but didn't give any attention to it. If I did, I should be rich by now. I shouldn't be in college, I should be somewhere else enjoying the money that I have made. Anyway, the only thing we can do now is regret being skeptical. Let's just look at the bright side that right now, we can earn money from bitcoins.

If you buy a lot since then, you must be very rich.

[Rahar02]

I joined bitcoin when it price was only ~$200. I regret that I didn't buy some bitcoins at this time. But then I was only newbie and I had very sceptical opinion about bitcoin.

Me too and I think everyone else too. We all thought that bitcoin is some sort of scam and it's just another strategy of scammers. When you say to people that you can earn money online, the first thing that comes to mind is that you're doing some illegal stuffs. Pretty sure I've heard about bitcoin a long time ago as well but didn't give any attention to it. If I did, I should be rich by now. I shouldn't be in college, I should be somewhere else enjoying the money that I have made. Anyway, the only thing we can do now is regret being skeptical. Let's just look at the bright side that right now, we can earn money from bitcoins.

I believe in bitcoin since the first time I knew about it, however the price already at $680. If I know bitcoin since 2010, maybe different stories, but we can't regret what we don't know. I ever regret one of my transaction, sold out my bitcoin and the next day bitcoin price increased. Ever since, I've never regret my decision even though the price will rise in the next day, so I always think twice before sell my bitcoin.

[audaciousbeing]

The worst decision so far till date I have made is when I made some bucks of bitcoin and wanted to sell to exchangers but I was greedy because of that I didnt bother to go through the normal legitimate source of making that happen. At the end, I was duped it was then I realised that the moment bitcoin leaves your wallet, its not coming back no matter what I did and funny enough no way to get back at the scammer, I just lived with my losses and learn from that excercise. Never again will that happen to me.

[zidanw]

I was not really able to control yourself when know bitcoin prices rise I had too hastily sell bitcoin so could not get the maximum profits and also gambling I often suffer losses because can't control myself

[Theb]

My worst decision for me that relates to my Bitcoin is gambling and losing it all until nothing was left in my balance. Its started hot for me win after win after win I never realize that it will become a recipe for disaster because it did not come to my mind that I was losing all the money that I have won. After that I left the site with nothing on my wallet. 

[btcdevil]

My worst decision was on the early days when i was earning through faucet and used that in dice game to double it but always lost it, even after i have started to earn in this forum i used in dice, roulette and bustabit game and lost it, after realizing the mistake i left those games and started to do sports betting and altcoin trading and recovered my loss but still cannot forget that days of losing the bitcoins