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Author Topic: Worst bitcoin decision you've ever made?  (Read 97062 times)
teknetz
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April 03, 2013, 09:59:45 PM
 #41

About an hour ago...

Went ALL in at $135, we're down to 130... was down to 119(I use bitfloor)

ugh, what a crazy ride this is..
ragingazn628 (OP)
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April 04, 2013, 04:47:18 PM
 #42

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 

source?
Dr3AM$cAp3
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April 04, 2013, 07:23:39 PM
 #43

With E1 in here that didn't invest and ignored the coin for too long.

Runner up would be the panic buy at 138 the other day....then the crash.  The hole where my heart should be is too young for this.  Eating and sleeping have become difficult.

New to the game, too much to learn.
Smiley OD, sarcasm implied.
MoneyIsDebt
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April 04, 2013, 08:28:48 PM
 #44

Deciding to try day trading, one day before the fork split.
Bitcoins lost, lesson learned.
rpietila
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April 04, 2013, 08:40:06 PM
 #45

Runner up would be the panic buy at 138 the other day....then the crash.  The hole where my heart should be is too young for this.  Eating and sleeping have become difficult.

Don't worry. I have panic bought several times at all time highs, ever since when it was $20 (in February, this year).

There has not been a weekly negative since... ever(?)

HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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April 04, 2013, 08:46:09 PM
 #46

There has not been a weekly negative since... ever(?)
If you use Mondays as the start of the week, 2012-12-17 was the last time. It was down 1.3% from the prior Monday.

If you use a rolling 7 day window there were several days back in December and January in which the price closed slightly lower than it had seven days prior.
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April 04, 2013, 09:04:22 PM
 #47

There has not been a weekly negative since... ever(?)
If you use Mondays as the start of the week, 2012-12-17 was the last time. It was down 1.3% from the prior Monday.

If you use a rolling 7 day window there were several days back in December and January in which the price closed slightly lower than it had seven days prior.

I made a study of bitcoin price increase, and my findings were:

- If you pick a random 12-week period in Bitcoin's history, the chances are better to make at least 10x return on investment, than to make any loss. (23% to 19% iirc.)

I have not made mistakes with bitcoin, because I have not sold any (except as OTC dealer, which is profitable). Of course everybody could have bought more, but that does not count. I feel privileged by being able to buy more as price has gone up.

HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
justusranvier
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April 04, 2013, 09:17:14 PM
 #48

I made a study of bitcoin price increase, and my findings were:

- If you pick a random 12-week period in Bitcoin's history, the chances are better to make at least 10x return on investment, than to make any loss. (23% to 19% iirc.)
Averaging across at all Mt Gox trading data since 2010-07-17, if you hold for 30 days and sell you have a 62.6% chance of selling higher than you bought at, and a 37.4% chance of selling lower than you bought.

For a 60 day interval this becomes 73.0%/25.8%

For a 90 day interval this becomes 77.3%/19.8%
Dr3AM$cAp3
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April 04, 2013, 10:29:04 PM
 #49

Runner up would be the panic buy at 138 the other day....then the crash.  The hole where my heart should be is too young for this.  Eating and sleeping have become difficult.

Don't worry. I have panic bought several times at all time highs, ever since when it was $20 (in February, this year).

There has not been a weekly negative since... ever(?)

Thanks.  A voice that speaks from experience is always nice.  Keeping up with mainstream media coverage helps, as well. 
Even though the price hasn't gone up much since the buy, the future looks promising(at least in the short term, long term, who knows).  The Btc Atm talk  has me pretty excited.

I like winning. 

New to the game, too much to learn.
Smiley OD, sarcasm implied.
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April 04, 2013, 10:32:46 PM
 #50

spent 2800 on butterflylabs ASIC....

C10H15N
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April 04, 2013, 10:38:27 PM
 #51

Either not buying more at ~$10.00 or not selling at $147.00 Smiley

I'm living the Black Swan scenario.   Wink

Only when the tide goes out do you discover who's been swimming naked. -Warren Buffett
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April 04, 2013, 11:11:09 PM
 #52

https://bitcointalk.org/index.php?topic=3020.msg43324#msg43324

Actually I don't regret paying 220 BTC for a used OLPC. That was then, I knew full well it might be a bitcoin pizza moment, without the glory. BTC is worthless if you don't use it.

Selling out to advertisers shows you respect neither yourself nor the rest of us.
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April 05, 2013, 05:00:49 AM
 #53

I made a study of bitcoin price increase, and my findings were:

- If you pick a random 12-week period in Bitcoin's history, the chances are better to make at least 10x return on investment, than to make any loss. (23% to 19% iirc.)
Averaging across at all Mt Gox trading data since 2010-07-17, if you hold for 30 days and sell you have a 62.6% chance of selling higher than you bought at, and a 37.4% chance of selling lower than you bought.

For a 60 day interval this becomes 73.0%/25.8%

For a 90 day interval this becomes 77.3%/19.8%

Thinking of this, it is so insane, that the Finnish bitcoin merchants in general would have done better by just holding.

My webpage tells that I will have to charge 15% premium, for the reason that on average it gains 12% during the two days I need to replenish the stock from an exchange.

HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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December 17, 2013, 12:46:27 PM
 #54

Q2, 2013 instead of buying bitcoin i bought a BFL miner.

Would have had ~€18.000 by now in bitcoins.

forgot about bitcoin until i recieved my miner (so didn't buy anything later in the year either, until the start of this bubble, luckily enough i did realize it was a bubble, so i made a bit of profit with trading, altough i also made some mistakes so i missed out a lot as well).

hilariousandco
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December 17, 2013, 02:01:19 PM
 #55

My worst Bitcoin decision I ever made was not buying any when I first heard about them. My second mistake was not buying more at £70.

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December 17, 2013, 02:34:38 PM
 #56

I first read of Bitcoin in 2009. It seemed like a no brainer. Read with interest every few months since. Had a large amount of cash sat doing nothing throughout that period of time. Bought for the first time in November.

The worst decision was not making a decision. When I finally did I'm sure it'll work out to be one of the best I've ever made.

In a way recent months have been by far the best times to buy in terms of perspective. The market has enough depth, momentum and history for people to figure out what their best choice should be.

If you'd bought in the cents it would've been very hard to resist selling once they were over a dollar. The ones who'll really get the paydays are the people who completely forgot about the whole thing. Let's hope they can access their coins.

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December 17, 2013, 04:40:54 PM
 #57

Not buying them 3y. ago Smiley
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December 17, 2013, 05:01:35 PM
 #58

The first time I did a trade on the OTC ... I wanted to sell some bitcoin, this guy with lots of nice feedback offered to buy the for dwolla cash. I didn't have any rep (I think I still don't), so he wanted me to go first. He was giving me a nice deal on them, a bit over MtGox at the time, so I sent the bitcoins. About a minute later, the channel mod called him out for being identified (simple password) but not confirmed (gpg signature required). After complaining for a minute he disappeared. I should have seen the signs of the scammer using a stolen account, but I was having too much fun doing an OTC trade for the first time so I missed it.

Use CoinBR to trade bitcoin stocks: CoinBR.com

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December 17, 2013, 05:54:47 PM
 #59

LOL sorry OP that is sad.  But we never know what's going to happen in the future.

I wish I had not sold like 6 months ago, although it's coming down to a more reasonable price now.

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December 23, 2013, 09:10:31 PM
 #60

didnt buy btc before 2 years    Undecided

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