sedeki (OP)
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April 02, 2013, 10:35:46 PM Last edit: April 02, 2013, 11:42:34 PM by sedeki |
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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-mistakesDon't be shy! EDIT: Please add some context, interesting details etc to make it a nice story.
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dancingnancy
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April 02, 2013, 10:37:42 PM |
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Gamble about 150 BTC away around 5-10 dollar range.
Next biggest was to sell most of my coins on the way back up @ $26.
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Piper67
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April 02, 2013, 10:38:38 PM |
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Lost 25 BTC by sending to what I thought was my instawallet... But it wasn't. Instawallet is just a bit richer because of my stupidity.
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Beta-coiner1
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April 02, 2013, 10:40:41 PM |
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Day trading Alt-currencies in the past like Solidcoin,Iocoin and Ixcoin.Lost at least 100 btc doing that.
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nameface
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April 02, 2013, 10:40:47 PM |
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Lost password to my first encrypted wallet. I have 0.4 BTC in there and no way to get it out. I know one day that'll be worth like $150,000 hahaha... argh
I'm also invested in the BAKEWELL mining asset on Bitfunder, which appears to have been some sort of scam.
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nameface
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April 02, 2013, 10:41:52 PM |
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Next biggest was to sell most of my coins on the way back up @ $26.
Yeah I really hate the fact that I needed money back at the $20 level and sold most of my coins ![Sad](https://bitcointalk.org/Smileys/default/sad.gif)
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Winnopeg
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April 02, 2013, 10:55:55 PM |
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My final BTC trade was at 2.94 BTC/CAD, pretty much the bottom of the first decline. Haven't touched bitcoin since, started reading up on it with the recent price spike. So many regrets right now.
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malevolent
can into space
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April 02, 2013, 10:59:38 PM |
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Selling and buying Bitcoins too often at the wrong price.
Buying a 6 month mining contract from a guy who ran away with the money (didn't recover everything).
Trusting Mt.Gox is a reliable company.
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giantdragon
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April 02, 2013, 11:05:10 PM |
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Sold 25 coins at price $45/BTC.
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dancingnancy
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April 02, 2013, 11:06:47 PM |
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Trusting Mt.Gox is a reliable company.
Hit the nail on the head there. They have been holding our bitcoinica funds for around a year now.
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Lethos
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April 02, 2013, 11:07:56 PM |
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Since getting involved in bitcoin I made 2 pretty big mistakes;
Selling a large portion of my bitcoin stash, when it was worth £9. It's true I needed the money, unforeseeable situation meant the bitcoins I held, was a big life line to me. Then to watch it jump upto £75+ over the next few months. It just hurts to realise if I could of held out, I'd be have 8x that figure, which I admit I might of been able to do.
My other big mistake was "gambling/investing" with my bitcoins via assets on GLBSE. The only upside is ASICMiner (investment) turned out so profitable it made up all my loses in all the assets which didn't. I learnt a valuable lesson, it's rare that any investment can beat price fluctuation of Btc itself, the few that do, you lucky if you ever notice it.
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gollum
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In Hashrate We Trust!
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April 02, 2013, 11:22:49 PM |
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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-mistakesDon'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$
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nameface
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April 02, 2013, 11:24:38 PM |
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I learnt a valuable lesson, it's rare that any investment can beat price fluctuation of Btc itself, the few that do, you lucky if you ever notice it.
Amen brother
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PinkBatman
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April 02, 2013, 11:29:40 PM |
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Lost about 200 BTC on GLBSE ![Cry](https://bitcointalk.org/Smileys/default/cry.gif)
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lophie
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April 02, 2013, 11:48:24 PM |
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Formatted a hard drive with unbacked-up 10BTC wallet........ confident that I would find a backup of it someday....... someday..... ![Cry](https://bitcointalk.org/Smileys/default/cry.gif)
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Will take me a while to climb up again, But where is a will, there is a way...
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hazek
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April 03, 2013, 12:04:02 AM |
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Nothing.
I regret no decision although if I had the chance to go back knowing what I know now about the future I would have done a few things differently obviously, but given the information I had at the time I think I made good choices all around, choices that were based on empirical evidence and sound conservative reasoning.
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My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)
If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
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doobadoo
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April 03, 2013, 12:08:13 AM |
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Paid a hooker from addresses that had lots of Satoshi Dice Dust in it without a fee. Took so long to confirm i fell asleep. Hooker stole my car! Woke up with blue balls.
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"It is, quite honestly, the biggest challenge to central banking since Andrew Jackson." -evoorhees
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malevolent
can into space
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April 03, 2013, 12:10:11 AM |
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Paid a hooker from addresses that had lots of Satoshi Dice Dust in it without a fee. Took so long to confirm i fell asleep. Hooker stole my car! Woke up with blue balls.
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Dr.Steve
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April 03, 2013, 12:22:03 AM |
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got ripped off for a product that never arrived.
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mjsbuddha
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yung lean
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April 03, 2013, 12:57:06 AM |
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used 120 btc to pay my phone bill back when they were 75 cents.
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