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Author Topic: What are the biggest mistakes you've done with Bitcoin?  (Read 17325 times)
mornabo
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March 09, 2017, 10:18:17 AM
 #201

There are many mistakes that I did with bitcoin in the past as when I was new to bitcoin I sent my bitcoins to wrong address and other mistake was using my bitcoins in gambling where most of the times I lost my money and loosing in gambling is still going on and god knows when I will quit gambling.
yes i also done different mistakes in different time. in resent time i sell some of my bitcoin in 1000 USD price and now i am regretting that i have made a big mistake.
I think it is often the case for all users Sometimes a lot of people wrong to sell and wrong buy I also never one to sell and then prices go up. and I've bought and then the price went down. I think you have to be patient and good analysis

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wizmo
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March 09, 2017, 10:28:42 AM
 #202

Before two year I need to send $15 for giftcard guy sent me a message with different address aand I sent him money then again sent me a message that send money to this address first one was wrong address by mistake and said previously sent money will be refunded to you as no one owns that address because 0 transaction and then after I've sent money no response from him.

This happens when I first used bitcoins and the seller of giftcard only accepting btc. I learned a lot from it.


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March 15, 2017, 12:57:28 PM
 #203

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 biggest mistakes I've ever made was, when I sell all my bitcoin at 800$, which I shouldn't do it, it was so very regrettable because look at the price now almost 1251$ and worst in my part its getting more higher in the coming weeks. So now I'm starting again to buy bitcoin little by little and I won't sell it until it didn't reach 5000$.

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March 15, 2017, 01:01:44 PM
 #204

As a newbie I was not much aware of wallet and the features along with the same. So the weaker security made me lose small portion of my bought bitcoin.



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jamieb81
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March 15, 2017, 01:04:03 PM
 #205

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 biggest mistakes I've ever made was, when I sell all my bitcoin at 800$, which I shouldn't do it, it was so very regrettable because look at the price now almost 1251$ and worst in my part its getting more higher in the coming weeks. So now I'm starting again to buy bitcoin little by little and I won't sell it until it didn't reach 5000$.

That's the same mistake most of us did by selling our bitcoin for lesser price then later regretting about it and i have seen two type of people one those newbie who sell all their bitcoin once there is a drop in the price and the other ones are those who sell all their saved bitcoin once the price reaches at peak assuming that it might crash down anytime.
Zadicar
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March 15, 2017, 01:18:10 PM
 #206

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 biggest mistakes I've ever made was, when I sell all my bitcoin at 800$, which I shouldn't do it, it was so very regrettable because look at the price now almost 1251$ and worst in my part its getting more higher in the coming weeks. So now I'm starting again to buy bitcoin little by little and I won't sell it until it didn't reach 5000$.

That's the same mistake most of us did by selling our bitcoin for lesser price then later regretting about it and i have seen two type of people one those newbie who sell all their bitcoin once there is a drop in the price and the other ones are those who sell all their saved bitcoin once the price reaches at peak assuming that it might crash down anytime.
We did the same mistake i do really strongly believe on that.It cant really be avoided since as a human we do really panic when we do see the price of bitcoin goes down and we would really panic specially when we dont have enough knowledge on bitcoins movements and other stuffs and as you said regretting would really happen on the end but still we do learn on those mistakes.

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March 15, 2017, 01:22:28 PM
 #207

Sorry but I don't have a decent story to tell. I think my (second) biggest mistake was wasting time in faucets and gambling. I feel fortunate that I stopped using faucets and gambling sites because I realised that it was mere the waste of time and nothing more than that. The first mistake is obviously not popping in early, but still, I believe that bitcoin is still in its early phase and we are early adapters.

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March 15, 2017, 01:27:35 PM
 #208

i dont have a terrible story to tell.
but selling those bitcoins at the price which is much lower than it is now. this is the biggest mistake i have done till now.

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March 15, 2017, 01:42:59 PM
 #209

The biggest mistakes so far Ive done with bitcoin is eager to sell the btc when I had before when the price is cheaper.  The eagerness to sell when I have it, I didnt think twice that btc price will rise more than $1000. Also, I regret when I was addicted into gambling before that I wasted much my bitcoin and lose a lot. So, I thanked this forum when I knew I can earn here.

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March 15, 2017, 09:50:02 PM
 #210

The biggest mistakes so far Ive done with bitcoin is eager to sell the btc when I had before when the price is cheaper.  The eagerness to sell when I have it, I didnt think twice that btc price will rise more than $1000. Also, I regret when I was addicted into gambling before that I wasted much my bitcoin and lose a lot. So, I thanked this forum when I knew I can earn here.
These are good words for those who still believe that thanks to gambling you can get rich or win a lot of bitcoins. It's not true. The user still for all the time that he plays gambling, spends a lot more than he wins.
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March 15, 2017, 09:54:55 PM
 #211

Ignoring when someone told me about bitcoin when it was around a few dollars and not buying enough when it was at a couple hundred.

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March 16, 2017, 07:02:24 AM
 #212

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!

My greatest mistakes:

1) Did not buy any when it still was cheap arount 5$

2) Did not buy any when it was rallying over 10$

3) Did not buy any when it was rallying over old ATH 32$

and so on...

So I will prepare for the next dip - I will fund my Mt Gox account and buy lots of coins if and when we get 20-30$

There are many mistakes I experienced in using bitcoins but there is one is unforgetable for me. When I was starting in bitcoin I used to gamble to gain earnings. When I have a capital of 0.00005, I used it and then grow for about 0.001 and then when I got sleep I didn't recognized that I was lose real quick. And then when I play gambling I sure that I won't lose again. Smiley


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March 16, 2017, 07:18:11 AM
 #213

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


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March 28, 2017, 03:34:20 PM
 #214

 :)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.
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March 28, 2017, 03:41:14 PM
 #215

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...

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