Worst bitcoin decision you've ever made?

[st4nl3y]

selling almost all of my btc (aprox. 400) for 160$ in 2013, but i had no choice at that time. If i kept it i would have a cool mil PLN  

[keithers]

selling almost all of my btc (aprox. 400) for 160$ in 2013, but i had no choice at that time. If i kept it i would have a cool mil PLN  

Aww man, this one is a drag, but at least you made good profit at the time...(I am assuming)

[st4nl3y]

selling almost all of my btc (aprox. 400) for 160$ in 2013, but i had no choice at that time. If i kept it i would have a cool mil PLN  

Aww man, this one is a drag, but at least you made good profit at the time...(I am assuming)

well, i did i got my coins in late 2012, but i had to spend it all on my mom cancer treatments..

[zzojar]

My first mistake was not knowing about it until just a few months ago. How could I miss something this big? I never even set up my first bitcoin account until the btc/usd was about $1000. My mistake.

[someguy4]

Not throwing more miners at it in 2012, I really wanted to, but something convinced me otherwise.

[boumalo]

selling almost all of my btc (aprox. 400) for 160$ in 2013, but i had no choice at that time. If i kept it i would have a cool mil PLN  

Aww man, this one is a drag, but at least you made good profit at the time...(I am assuming)

well, i did i got my coins in late 2012, but i had to spend it all on my mom cancer treatments..

That's obv hard to be made about yourself for such a good use of the BTC, you probably still have some and you can always buy more

For me the worst bitcoin decision is having played ponzis and some casino (i don't even play live! or online) and not having buy some BTC when I first hear of it

[sbabe]

two years before i tried to mine the bitcoin. With too much hassle i cannot able to properly mine. I just installed the bitcoin software then left. I had 6 computers without any use. If i used all those computers today i am rich.

[Bit_Happy]

Leaving after the first Bull cycle, since it was too boring.
Around $5/btc for a long time.

[apsvinet]

Not throwing more miners at it in 2012, I really wanted to, but something convinced me otherwise.

Perhaps that it was a big gamble with uncertain profits that you couldn't quite control yourselves? If it was common knowledge the btc prices would explode everyone would've invested.

[keithers]

I have pretty much bought and held from my beginning.   I sold some around the $200 range that I regret doing.   Although everytime i sold, the market would coincidentally rally, so other people benefited from my bad decisions...

[AJMiles]

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

oh wow. That is horrible! Never invest in games, other than the cost to buy one.

[boumalo]

Leaving after the first Bull cycle, since it was too boring.
Around $5/btc for a long time.

Missing 5$/btc is tough but if you didn't believe in Bitcoin at the time you can't be mad about your decision

It is easier to buy now than it was when the price was 5$

[ryanmnercer]

Talking myself out of buying a ton 4 years and change ago

[boumalo]

Talking myself out of buying a ton 4 years and change ago

OUCH, when did you first buy?

I think almost everyone didn't buy when they first hear about it but if you were very decided to buy and believed in the coin it is an other story

[ryanmnercer]

Talking myself out of buying a ton 4 years and change ago

OUCH, when did you first buy?

I think almost everyone didn't buy when they first hear about it but if you were very decided to buy and believed in the coin it is an other story

This year. At first I didn't want to waste money on it and was mining but purely CPU (and didn't want to join a pool, figured I'd just get ripped off... they'd use my power and not give me my share)... and pretty much no one accepted it, then exchanges started popping up and I didn't want to give my banking info out to some random company and still no one was really accepting it other than some places accepting it for donation. Then it started to gain real value and I was like "eh it can't last"... and it climbed higher, and higher and higher.

I still honestly am unsure on bitcoins future, I accept it via my small business but in a month I've had 3 orders (out of about 100) pay with bitcoin. 1 from here, 2 from reddit. I've also bought about a hair over 1 BTC that is just sitting 'on' paper wallets. I don't plan on buying anymore however if I continue to get an occasional order paid via bitcoin I'll likely just add it to cold storage and see what it's worth in 10 years or liquidate if I ever have any emergency expenses that my cash savings can't cover.

At one point though I was about to pull the trigger on 500 BTC, I was going to buy 500BTC and sell half every time value doubled. Had I done that I would have pocketed probably 150k after taxes by the time it hit 1k-1100 USD and I'd still have some left.

Whatever. *shrugs*

[boumalo]

Talking myself out of buying a ton 4 years and change ago

OUCH, when did you first buy?

I think almost everyone didn't buy when they first hear about it but if you were very decided to buy and believed in the coin it is an other story

This year. At first I didn't want to waste money on it and was mining but purely CPU (and didn't want to join a pool, figured I'd just get ripped off... they'd use my power and not give me my share)... and pretty much no one accepted it, then exchanges started popping up and I didn't want to give my banking info out to some random company and still no one was really accepting it other than some places accepting it for donation. Then it started to gain real value and I was like "eh it can't last"... and it climbed higher, and higher and higher.

I still honestly am unsure on bitcoins future, I accept it via my small business but in a month I've had 3 orders (out of about 100) pay with bitcoin. 1 from here, 2 from reddit. I've also bought about a hair over 1 BTC that is just sitting 'on' paper wallets. I don't plan on buying anymore however if I continue to get an occasional order paid via bitcoin I'll likely just add it to cold storage and see what it's worth in 10 years or liquidate if I ever have any emergency expenses that my cash savings can't cover.

At one point though I was about to pull the trigger on 500 BTC, I was going to buy 500BTC and sell half every time value doubled. Had I done that I would have pocketed probably 150k after taxes by the time it hit 1k-1100 USD and I'd still have some left.

Whatever. *shrugs*

If you bought at 10$ and sold each time it doubled you would have made 30k and you would have 3BTC left, still nice but not 150k

What did you use to create your paper wallet? I am thinking about doing one

[ryanmnercer]

If you bought at 10$ and sold each time it doubled you would have made 30k and you would have 3BTC left, still nice but not 150k

What did you use to create your paper wallet? I am thinking about doing one

No because each time it dipped, I almost certainly would have bought more because I would have been under the impression it would rebound. like, when the fork happened I would have bought bought bought. Ya math freak ;P

I bought a piper http://piperwallet.com/ since it's a justified business expense as I accept bitcoin via my small businesses since I don't immediately convert (since sales are so low, and if it ever did pick up and be more regular I'd still keep 10-20% as btc).

[boumalo]

If you bought at 10$ and sold each time it doubled you would have made 30k and you would have 3BTC left, still nice but not 150k

What did you use to create your paper wallet? I am thinking about doing one

No because each time it dipped, I almost certainly would have bought more because I would have been under the impression it would rebound. like, when the fork happened I would have bought bought bought. Ya math freak ;P

I bought a piper http://piperwallet.com/ since it's a justified business expense as I accept bitcoin via my small businesses since I don't immediately convert (since sales are so low, and if it ever did pick up and be more regular I'd still keep 10-20% as btc).

Now you are saying you would have traded successfully selling high and buying low but if you would have trade maybe you would have sell everything when it was "high" at 80$ or 120$ and you would have missed a few bull markets, anyway, let's look forward

paper wallet :Oh ok 0.39B is too expensive for me atm, I may use bitaddress.org for small amounts; what is your business

[ryanmnercer]

paper wallet :Oh ok 0.39B is too expensive for me atm, I may use bitaddress.org for small amounts; what is your business

Peptides. I also made some cards I send out with every credit/debt card order now




So I'm hoping it might convert a couple of my regular customers to bitcoin, also if I don't get too many more bitcoin purchases... I always have uses for a raspberry pi and receipt printer, when I get around to it I actually plan on making a copy of the software on another SD card and going in and start tinkering with the printing

[phr0stbyt3]

Worst bitcoin decision ever?
Hodling.