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

[Rupture]

Gambling .

[marcotheminer]

I regret not finding out about bitcoin when they were worth $0.01! hahahah

[LostDutchman]

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.

I became aware of Bitcoin several years ago but regarded it only as some kind of gaming shit.

Not being a gamer, I paid no attention.

I fiddled while Rome burned in a backcwards sort of way.

At that time I had a server farm and could have mined BTC like crazy.

Eh............................................................................. ..........

Oh, well; still lots of money to be made.

It's just harder now.

[BIGMERVE]

Welp I had to cash out everything 2 weeks ago in order to buy a car. Turns out I didn't need the car and by the time coinbase processed the transaction the price shot up to 350. I don't know when I should buy back in. No offense to anyone but I'm hoping theres a correction down to 200, or I might have to take a huge loss to buy in now.

[crashoveride54902]

Welp I had to cash out everything 2 weeks ago in order to buy a car. Turns out I didn't need the car and by the time coinbase processed the transaction the price shot up to 350. I don't know when I should buy back in. No offense to anyone but I'm hoping theres a correction down to 200, or I might have to take a huge loss to buy in now.

almost the same boat as you...sold 14.7btc at $271 to buy a truck before the huge spike in price...wish i didn't have to but didn't want another loan payment...oh well least i can say btc bought me a 92 GMC truck lol

also the biggest mistake was getting scammed outta 13btc on IRC...taught me a hard lesson to trust no one

[mccoyspace]

depositing a bunch of btc into coinlenders last week.

[swiftbits]

I lost about BTC 0.07 just a small amount in a famous mining site Hashocean (ponzi).
I just started and after a month they already stop paying, they started on 2014 and I registered too late around Summer of 2016
I didn't regret anything because I learn so much about fraud/scams in bitcoin world.
I can say BTC 0.07 is worth it and the price before is quite small.

The Best Mistake I think I didn't find out Bitcoin Earlier, because I started April 2016.
I wish I found out bitcoin when 1 is very affordable.

[szpalata]

Bitcoin hasn't been a mistake in my life and I'm proud to have joined the community, the only thing I will consider as a mistake had to do with my own decisions and that's tgrough gambling. I've lost some monies through gambling but it was my choice and I lost wo art from that there's been no mistake since joining.

[KennyR]

Losing big amount in gambling. Often used to make decisions of spending little on gambling events. If loss is experienced at the beginning gradually to earn the lost amount used to increase the betting amount. In such manner lost much.

[rivoke]

When I knew bitcoin earlier , I'm being introduce with investment site but with fun theme named  golden cow
I'm decide to invest 0.05 since I saw many positive feedback for the site . Before I'm able to ROI , the site is scamming !
It's hard lesson for me to more carefull about investation !

[wildan88]

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.

[Idrisu]

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.

One of the biggest mistake I did when I come across bitcoin is slow to take decision for investment because at that bitcoin is less than  100 dollars. I am regretting now because if I investment a 100 dollars then it could be around 1230 dollars today. Another big mistake is thinking I can be rich in bitcoin through faucet.

[fitty]

When I knew bitcoin earlier , I'm being introduce with investment site but with fun theme named  golden cow
I'm decide to invest 0.05 since I saw many positive feedback for the site . Before I'm able to ROI , the site is scamming !
It's hard lesson for me to more carefull about investation !

Yeah I feel you Bro! Way back when I am starting into Bitcoin I was also in a situation like you. I was once fun of investing to cloud mining sites. Hashocean to be exact. I am enchanted because they have so many positive feedbacks and testimonies of earnings and ROI. I invested to that and I was able to get the ROI. Because of that I reinvested it all. And Boom! The site becomes a scam. From that, I learned how to be aware of that kind of scam investment.

I believe that was the biggest mistake I've made in Bitcoin.

[DoublerHunter]

The biggest mistake that i've ever done with bitcoin is when i invest all my bitcoin in a hyip site but that is nothing for me now because that was just 0.5 and the price on that time was only 500$+ so i don't think it is a big loss because i already learned the lesson of managing my bitcoins and i already know where to invest my bitcoins and not into hyip sites.

[Soul Reaper]

My journey with bitcoin  has been very versatile.
I have gained as well as lost .
Some big mistakes that I committed with bitcoins are-
1) I immediately sold them in exchange of Fiat.
  Now I see how it's cost has risen.
So now I regret.
2) I wasted many bitcoins on steam and xbox store.
Then I didn't realise it's value ,
And I used it heavily basically for gaming.
3) I tried to mine bitcoin in my laptop.
It was an ultimate failure.
My system got heated up badly, and used up a lot of electricity,
More over I could earn only 150 Satoshi .

[requester]

wish i had invest $1000 last year then now i would be the owner of 2 btc which is equivalent to INR 160000 Now. and that would further lift my financial status even higher and finally making me rich among my frineds

[Blitzboy]

Losing big amount in gambling. Often used to make decisions of spending little on gambling events. If loss is experienced at the beginning gradually to earn the lost amount used to increase the betting amount. In such manner lost much.

Yeah, I've been there too, as I was so mesmerised by those attractive sites with high chances of winning and big outcome. And so I spent most of my time dying in gambling instead of doing something useful, and the more I gamble, the more I get addicted to it and can't get rid of it. It's not until my friend gave me some advice persuading me that I fully got out of it and start doing right all over again.

[Qunenin]

wish i had invest $1000 last year then now i would be the owner of 2 btc which is equivalent to INR 160000 Now. and that would further lift my financial status even higher and finally making me rich among my frineds

I guess this is one of everyones mistake who can afford to buy good amount of btc last year and just ignore buying.
Because even me that was my regret, it was doubled and tripled price compared to previous years we had. And now more than $1000, just a big sigh now for that regret.

[HanSchultz]

wish i had invest $1000 last year then now i would be the owner of 2 btc which is equivalent to INR 160000 Now. and that would further lift my financial status even higher and finally making me rich among my frineds

For that to happen you have to invent a time machine to go back.You really cannot do anything about it.People should understand that it was a known fact that the price would increase after halving and it was a common practice and i am sure many made their fortune by picking up coins when we could and the mistake i did was i sold off when the price touched $1000 and couldn't get back.

[JanpriX]

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.

One of the biggest mistakes that I've ever done involving BTC in my life would be uninstalling a wallet app from my android device without backing it up. My bitcoin just vanished from thin air because of my stupidity and lack of knowledge. That happened when I was still studying that basic knowledge of BTC. That will never happen again. LOL