What are the biggest mistakes you've done with Bitcoin?

[Watercooler]

The biggest mistake I made with bitcoins is not getting in earlier in the game, but better late then never It's still early enough to make some profits

[AIGADS]

 :)This is quite strange, I also do not know initially why it could happen. When I will send bitcoin, but the bitcoin address suddenly changed, I wasn't aware of it and finally I lost about 0.2BTC and After it I reinstall my computer and more carefully when I will send bitcoin.

[iamTom123]

I am amazed that this thread was posted originally in 2013. Since I started in Bitcoin, I learned many things. One is that selling while Bitcoin is going down can be a big mistake because eventually Bitcoin will rebound back. Just a week ago I lost a little because I converted my Bitcoin into the local currency...just when it was apparent that the value is going down and down but look at Bitcoin now...after some days it is stabilizing at 1K+ level. Oh well...

[STT]

> Cryptostocks has been taken offline as previously announced on 20.12.2016. If you still have funds residing on the platform then please contact customerservice@cryptostocks.com to arrange the withdrawal. Take note that the withdrawal will incur a fee of 0.1 BTC.

This is one of the biggest mistakes I made which to rely one site admin to be reasonable in handling small investments.    His logic is, Im not stealing your deposits I just havent adjusted my costs for several years and so its just too bad if I'm now asking $1,000 just to return your own money back to you.


https://en.bitcoin.it/wiki/Crypto::Stocks


Bitcoin is decentralised but the sites you visit and use with it are very much not in most cases.   

[crypto4lambo]

My biggest mistake with regards to Bitcoin so far is selling it too early. I panicked and sell my holding immediately when Bitcoin dips. I let my emotion take over my trading plan. I really regret it whenever I see Bitcoin hits ATH. I was very upset with what I act and I don't have anything to do with it. I just make it as a learning curve and see to it that whenever I have plan, I really need to execute it no matter what unless there is something that requires it to be amended. Bitcoin is a great investment specially for long term and no one can doubt about it. Have trust in cryptocurrency and you can have a great return of investment.

[kenjay11]

I'm new to the bitcoin world so my experience with bitcoin is not as much. October this year when I joined bitcoin and I'm here in bitcoin for almost three months. And in those three months I have not had the biggest mistake that I have done in bitcoin, and I hope I can not make a mistake here in bitcoin.

[LETme]

As of now i do not have any bitcoin my biggest mistake is not knowing bitcoin for so many years. As a beginner i should know my prioritise and make a good decision.

[wel24]

My biggest mistake that ive done with bitcoin is that im not giving btcoin or show dedication to engaged and support when its value is little low.Everytime theres a bitcoin coming into my wallet i have converted it into my own currency how sad.If i know that the future of bitcoin is bright since the first day i know it maybe am a millionaire now.Lesson learned that we have to be patient and dedicated to the path we want to go througj learn how to be patience and faithful.

[jrrigs]

Spent a considerable amount of bitcoin on 3 revshare sites last year. Almost had my seed money back but the lure of internal compounding resulted in me just getting around 10% of what I initially put in before the sites closed.

[Karmakid]

The biggest mistake that I made in bitcoin was investing in a HYIP site ,
Then right after I sent my bitcoin found out that it was just a scam site and not really going to pay you .

[hkdfgkdf]

Underestimating bitcoin and not investing earlier when the price is still low. Gambling and exchanging it with a low potential altcoin.

[vinz7229]

Discover Bitcoin Two years later 

me too, im too late in entering bitcoin world, my friend already introduce bitcoin to me but i don't give any attention from it, but I've notice this past few months that my friend already have his own car because of bitcoin. that was the time that I take bitcoin seriously. maybe if I listen to him during the time that bitcoin is only 60k. may now im already have my own car and house too. for now im also try trading and joining some signature campaign and i got payout weekly.

[syamster]

Spent a considerable amount of bitcoin on 3 revshare sites last year. Almost had my seed money back but the lure of internal compounding resulted in me just getting around 10% of what I initially put in before the sites closed.

Actually five months’ before I have done a mistake which I can’t forget and that mistake give me a lesson for future because it never happen before but on that day I did not check the price of bitcoin and I see all my bitcoins in that dealing I did a very big mistake now I check the price of bitcoin every day because small mistake can make a big problem for you it's mean bitcoin price matter and need to be very careful when you want to buy or sell.

[daniyalasghar]

the biggest mistake i made was i sold my btc when its price was only few dollars 

[iamwhitewave]

Biggest mistake is not being able to hold. Sold all my good coins and now they're pumping and me regretting hahahaha

[edsnow2017]

When I don't secure my wallet and suddenly got hacked

[adhika.g]

Lost data account of my encrypted wallet with 0.6 BTC inside

[JoMarrah Iarim Dan]

As the topic says, What are the biggest mistakes you've done with Bitcoin?

I'm trying to gather just a list on things that have gone wrong. This can be terrible backup stories, client hacks, reversing at MtGox and such.
I don't want to gather a list of hacks of commercial sites in particular because there are plenty of information on that already.

I will post everything I find on this very simple website:
http://sites.google.com/site/whoissatoshi/bitcoin-mistakes


Don't be shy!


EDIT: Please add some context, interesting details etc to make it a nice story.

The first mistake i've done in bitcoin is that i do not beleive in bitcoin when the first time I discovered it, I do not accept it for some important reason but time comes that i really need money so I pursue bitcoin. Another big mistake i've done is to cash out my 0.01 btc I earned when I was junior. That time, the value of bitcoin is 2000$ or 100K peso. I really do not know what I am thinking in that time. I think i am excited to hold in my hands that money since it is my first time to earn that big money. Instead of cash out, i must hold it.

[Mumbeeptind1963]

Spent a considerable amount of bitcoin on 3 revshare sites last year. Almost had my seed money back but the lure of internal compounding resulted in me just getting around 10% of what I initially put in before the sites closed.

I considerable my biggest mistake I've done in bitcoin is not trusting to it the first time I know it because of it don't have knowledge about cryptocurrency and I don't know how to use it. But right now I didn't mind at all the mistake I've done in bitcoin because even i refuse to use it at first still enter the world of bitcoin.

[athanz88]

My biggest mistake with bitcoin is not involved in any amount of bitcoin.
My biggest mistake is I don't invest on bitcoin when I heard the news that a man sold his 10k bitcoins for 2 boxes of pizza. Because I was scammed at some money making online program like HYIP. It made me skeptical of it. And I didn't take the opportunity to invest on it.
Heck I can give that man 5-10 boxes of pizza for him in that time. Damn the regret is high up until now.