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Author Topic: What are the biggest mistakes you've done with Bitcoin?  (Read 17313 times)
madmadmax
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April 09, 2013, 04:53:14 AM
 #81

Back at the day when I was new to bitcoins you could buy them at about 6$ per coin, wish I could travel back in time and slap myself on the head and invest all I can gather into them.








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mutikainen
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April 09, 2013, 12:35:44 PM
 #82

not starting early enough
xqr
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April 09, 2013, 02:27:17 PM
 #83

So far my biggest mistake has been ordering a Jalapeño with BTC. I probably won't see the hardware for at least 6 months, woulda been better off just hoarding the BTC I used to pay for it.

Second biggest mistake was using bitinstant to transfer. My money has disappeared.
deathcode
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April 09, 2013, 02:29:54 PM
 #84

not starting early enough

I sold 9.5BTC at $2000 yesterday when they were $189...
Today even though I sold at an avg of $210, I'm losing money.... :/

I'm not selling until I reach my goal!

CasinoBit
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April 09, 2013, 05:46:34 PM
 #85

Responsible gaming everyone  Wink
CoolIT
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April 09, 2013, 06:55:52 PM
 #86


#1 mistake.

Back when bitcoins dropped to 3$

I stopped my mining rig and upgraded my main pc with the parts.

If I didn't stop mining, I would have made way over 35 bitcoins.
Probably up to 300 bitcoins.


#2

I sold my bitcoins for... 23$
Made 700$, reinvested half in a new mining rig.

Now I got 3 bitcoins.


No losses at all, just fun... and hell of a facepalm thinking of the money I could have made.
gollum
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April 09, 2013, 07:18:20 PM
 #87

Biggest mistake: invested a big amount in gold and silver instead of Bitcoin six months ago. That investment would be worth 20-25 times more now.
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April 09, 2013, 07:52:18 PM
 #88

Trusting shitmarket.eu - twice! The transactions went fine everytime, the users were cool but using it as an online wallet was...expensive... I lost 50 BTC because the admin gambled at first with user´s money (bitcoinica), then got "hacked" Angry

Same. Although I only trusted them once, and "only" lost 40 BTC...
I'll get dizzy now thinking of how much it is now.

They did not only steal my coins, but also a part of my future  Cry

johnblaze
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April 09, 2013, 09:05:14 PM
 #89

biggest mistake:

not buying in when i first heard about it!
Dangolbery
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April 10, 2013, 01:00:45 AM
 #90

Knew about Bitcoin since it was at about $2, never bought any as i was poor uni-student
Mined with my old computer, before mining pools, but turned it off after a couple days because it was going to take about 5 months (average) to hit a block (get 50 coins). Would have a couple hundred at least if i let it run, for no real cost to myself.
Got 5 coins from Bitcoin faucet way back when, which i just left in a wallet to rot on an old hard drive that i dumped when i threw out my old computer.
At the start of the most recent boom, @$30/btc, i signed up to mt.gox (thinking it was the only real way to buy mass coins - stupid) as i wanted to buy $2000 worth of coins. Waited about 3 weeks for my account verification so i could fund it, verification got rejected and Bitcoins tripled in value.

Ended up getting my $2000 worth of btc's at $96 a piece on localbitcoins. The thing is i looked at localbitcoins while my account was pending verification and thought it look a bit shady so continued to wait for mt.gox while the price skyrocketed.

My bitcoin experience is full of missed opportunities, however i have my coins now and am happy. If the price continues to climb i have a stake in it. If it plummets then i simply have the chance to buy more.

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April 10, 2013, 01:26:17 AM
 #91

Stopping my bitcoin miners back in 2010 because of a port conflict with Vmware. 

@electricwings   BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
NikolaTesla
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April 10, 2013, 01:57:39 AM
 #92

I sold 9.5BTC at $2000 yesterday when they were $189...
Those numbers don't seem to add up...

Do as thou wilt shall be the whole of the law.
Matthew N. Wright
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April 10, 2013, 02:02:36 AM
 #93

Speaking of mistakes, "Biggest mistakes you've made with bitcoin"  Undecided

Dangolbery
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April 10, 2013, 02:13:25 AM
 #94

I sold 9.5BTC at $2000 yesterday when they were $189...
Those numbers don't seem to add up...

He means $1795.5.

People like to round up when talking about their winnings.

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April 10, 2013, 04:09:58 AM
 #95

Pre-Ordering bASIC's. Lost nearly $100,000.
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April 10, 2013, 10:20:14 AM
 #96

selling bitcoin?

more or less retired.
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April 10, 2013, 10:20:26 AM
 #97

Pre-Ordering bASIC's. Lost nearly $100,000.

Ouch. sorry about that.

more or less retired.
hailstorm
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April 10, 2013, 10:59:08 AM
 #98

I bought 7BTC for £50. I then lost about 6 of that on btcjam. Had I just held on to them they would be worth about £800-900.
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April 10, 2013, 03:58:27 PM
 #99

Pre-Ordering bASIC's. Lost nearly $100,000.
Ouch...
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April 10, 2013, 04:08:50 PM
 #100

Selling cheap :|

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