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Author Topic: What are the biggest mistakes you've done with Bitcoin?  (Read 18084 times)
xqr
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April 09, 2013, 02:27:17 PM
 #81

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.
The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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deathcode
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April 09, 2013, 02:29:54 PM
 #82

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!









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ElonCoin.org.
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happen or be a part of it"

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CasinoBit
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April 09, 2013, 05:46:34 PM
 #83

Responsible gaming everyone  Wink
CoolIT
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April 09, 2013, 06:55:52 PM
 #84


#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
 #85

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
 #86

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
 #87

biggest mistake:

not buying in when i first heard about it!
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April 10, 2013, 01:00:45 AM
 #88

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
 #89

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

@electricwings   BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
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April 10, 2013, 01:57:39 AM
 #90

I sold 9.5BTC at $2000 yesterday when they were $189...
Those numbers don't seem to add up...
Matthew N. Wright
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April 10, 2013, 02:02:36 AM
 #91

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

Dangolbery
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April 10, 2013, 02:13:25 AM
 #92

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
 #93

Pre-Ordering bASIC's. Lost nearly $100,000.
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April 10, 2013, 10:20:14 AM
 #94

selling bitcoin?

more or less retired.
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April 10, 2013, 10:20:26 AM
 #95

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

Ouch. sorry about that.

more or less retired.
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April 10, 2013, 10:59:08 AM
 #96

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
 #97

Pre-Ordering bASIC's. Lost nearly $100,000.
Ouch...
Stunna
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April 10, 2013, 04:08:50 PM
 #98

Selling cheap :|

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Primedice.com The original bitcoin instant dice game
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April 10, 2013, 04:11:45 PM
 #99

I did not buy enough  Roll Eyes
deathcode
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April 11, 2013, 04:09:14 PM
 #100

Not selling at $266... Smiley









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.
"I could either watch it
happen or be a part of it"

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