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Author Topic: Worst bitcoin decision you've ever made?  (Read 96994 times)
Lauda
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June 17, 2014, 08:08:50 AM
 #461

My worst decision was to buy on the top in January 2014.
Actually this might not be a bad decision in the long run, if you don't sell them off in the meantime.
Just try to be patient and hold them.

In January we were @ 700-900$ if I remember correctly, if you buy some now you can have an average cost of around 620$ per coin which is very good compared to the upside potential
Well yes, I'm waiting for the price to go beyond $800 as well. I'm not even gonna sell to pay the bills at this rate, I can hold on longer.

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June 17, 2014, 12:31:59 PM
 #462

Buying ASIC.
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June 17, 2014, 12:43:17 PM
 #463

Buying ASIC.

ASICs were good. Back when Avalon shipped the first 60Ghash units... Even then BFL was stalling Cheesy
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June 17, 2014, 01:11:30 PM
 #464

My worst decision was to buy on the top in January 2014.

Even though the numbers are bigger the percentage drop wasn't that much.  When I got in Bitcoin was about $17 and 6 months later (Jan 2012) it was $2, so $900->$600 isn't too bad.  It will recover.

in April 2013 it went down more as well, I think there is a lot of support @ various level of price, a lot of new buyers and new money, a lot of positive news and we are sadly close to a financial meltdown in the US and Europe

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June 17, 2014, 05:03:36 PM
 #465

Don't trust in Bitcoin when it was about 5 - 10 bucks each and invest in BBQ coins right before those dropped almost to nothing  Cry

But we learn by mistakes, only low-IQ people make a mistake twice, now i'm prepared for anything  Cool

Ouch on this one...what made you think that BBQ had a lot of upside potential?   I never really researched at all about this coin...
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June 17, 2014, 05:23:14 PM
 #466

Don't trust in Bitcoin when it was about 5 - 10 bucks each and invest in BBQ coins right before those dropped almost to nothing  Cry

But we learn by mistakes, only low-IQ people make a mistake twice, now i'm prepared for anything  Cool

Ouch on this one...what made you think that BBQ had a lot of upside potential?   I never really researched at all about this coin...

It (was) tasty, allegedly. 
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June 17, 2014, 06:19:59 PM
 #467

Don't trust in Bitcoin when it was about 5 - 10 bucks each and invest in BBQ coins right before those dropped almost to nothing  Cry

But we learn by mistakes, only low-IQ people make a mistake twice, now i'm prepared for anything  Cool

Ouch on this one...what made you think that BBQ had a lot of upside potential?   I never really researched at all about this coin...

It (was) tasty, allegedly. 

HAHA, altcoins are funny but let's face it most people who bought some lost bitcoins

I wish someone calculated your expected ROI in Bitcoin if you bought the 10biggest altcoins every Month for the last year or the 10 coins that are increasing the most in popularity

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June 17, 2014, 06:43:28 PM
 #468

Selling 90% of my holdings at $30 after buying in at $2.  I have always supported Bitcoin, but I really needed the USD cash at the time.  I would have been completely broke otherwise.  Now I wish I had begged on the street or worked at McD's or slept on a friend's couch... anything but selling.  Oh well, there will be other opportunities.

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June 17, 2014, 08:51:28 PM
 #469

Investing in a failed attempt of a group buy buy someone who will remain namelwss.   Grin

Nah, probably wasn't my worst bitcoin decision but it is a honorable mention on the list haha.
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June 18, 2014, 07:24:14 AM
 #470

Selling 90% of my holdings at $30 after buying in at $2.  I have always supported Bitcoin, but I really needed the USD cash at the time.  I would have been completely broke otherwise.  Now I wish I had begged on the street or worked at McD's or slept on a friend's couch... anything but selling.  Oh well, there will be other opportunities.

Damn well you did sell at a Peak but that would be a sucky decision since holding a few more years would have netted a giant amount of income

Lets see I guess besides holding onto AM from the near high range it would be moving some of my funds to Basic Mining shares on Btct assuming that dividends would be recieved after it closed then having the issuer just poof away.

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June 18, 2014, 09:25:33 AM
 #471

Selling 90% of my holdings at $30 after buying in at $2.  I have always supported Bitcoin, but I really needed the USD cash at the time.  I would have been completely broke otherwise.  Now I wish I had begged on the street or worked at McD's or slept on a friend's couch... anything but selling.  Oh well, there will be other opportunities.

Damn well you did sell at a Peak but that would be a sucky decision since holding a few more years would have netted a giant amount of income

Lets see I guess besides holding onto AM from the near high range it would be moving some of my funds to Basic Mining shares on Btct assuming that dividends would be recieved after it closed then having the issuer just poof away.

People felt very smart and were very happy to sell @ 1$ 10$ 30$ 100$ 300$ and people feel very smart to have sold @ 1000$ but they would have fair better holding their bitcoins except if they bought back way lower after

Selling 90% of my holdings at $30 after buying in at $2.  I have always supported Bitcoin, but I really needed the USD cash at the time.  I would have been completely broke otherwise.  Now I wish I had begged on the street or worked at McD's or slept on a friend's couch... anything but selling.  Oh well, there will be other opportunities.

Maybe there is one now

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June 18, 2014, 09:30:38 AM
 #472

Lend out coins... BTCJAM, Coinlenders yadayada.... *poof*

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June 18, 2014, 10:59:21 AM
 #473

My biggest mistake was being late to the btc train, got in way too late.
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June 18, 2014, 11:08:55 AM
 #474

My biggest mistake was being late to the btc train, got in way too late.

If it doesn't go way higher you just missed a bubble and if it will succeed you are early

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June 18, 2014, 12:10:15 PM
 #475

My biggest mistake was being late to the btc train, got in way too late.

If it doesn't go way higher you just missed a bubble and if it will succeed you are early
In other words, we are all still early adopters.  Cool
Bitcoin and all other coins have been in a downtrend for months IMO.

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June 18, 2014, 12:38:40 PM
 #476

My biggest mistake was being late to the btc train, got in way too late.

If it doesn't go way higher you just missed a bubble and if it will succeed you are early
In other words, we are all still early adopters.  Cool
Bitcoin and all other coins have been in a downtrend for months IMO.

"Other" coins are on down trend as they are not real coins, only scams to get more Bitcoin. As far as Bitcoin goes, look at graphs...it's on nice slow up trend.

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June 18, 2014, 12:43:27 PM
 #477

My biggest mistake was being late to the btc train, got in way too late.

If it doesn't go way higher you just missed a bubble and if it will succeed you are early
In other words, we are all still early adopters.  Cool
Bitcoin and all other coins have been in a downtrend for months IMO.

"Other" coins are on down trend as they are not real coins, only scams to get more Bitcoin. As far as Bitcoin goes, look at graphs...it's on nice slow up trend.

Yap, bitcoin is on rly good up trend since mt.gox drop. We might see big drop again when FBI start selling thou.

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Lauda
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June 18, 2014, 01:12:39 PM
 #478

In other words, we are all still early adopters.  Cool
Bitcoin and all other coins have been in a downtrend for months IMO.

"Other" coins are on down trend as they are not real coins, only scams to get more Bitcoin. As far as Bitcoin goes, look at graphs...it's on nice slow up trend.
http://coinmarketcap.com/btc_180.html
I like this up trend.
No, they are not scams. Some of them are way better than BTC feature wise.

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June 18, 2014, 01:34:27 PM
 #479

In other words, we are all still early adopters.  Cool
Bitcoin and all other coins have been in a downtrend for months IMO.

"Other" coins are on down trend as they are not real coins, only scams to get more Bitcoin. As far as Bitcoin goes, look at graphs...it's on nice slow up trend.
http://coinmarketcap.com/btc_180.html
I like this up trend.
No, they are not scams. Some of them are way better than BTC feature wise.

Yes, form mid april is up trend. Do you think that up trends need to have walls of 90 degreees? Slow, 10% up trend is still up trend, and is much healthyer than what happened in december last year.

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June 18, 2014, 05:47:39 PM
 #480

"Other" coins are on down trend as they are not real coins, only scams to get more Bitcoin. As far as Bitcoin goes, look at graphs...it's on nice slow up trend.

Other coins are just as real as bitcoin.  Being first doesn't have any special magical power to make something more or less real.  Alt coins also offer many benefits bitcoin does not.  And they can be a testing ground for new things.  Calling alt coins scams is completely misguided.

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