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Author Topic: Your Worst/Unluckiest noob mistake with BTC  (Read 3772 times)
zonark (OP)
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May 02, 2013, 05:02:48 PM
 #1

Me? I bought a few coins on MtGox a few weeks ago for $165 and was the second highest bidder before a ~>30% crash. Woops  Roll Eyes

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BBQCoinsFTW
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May 02, 2013, 05:21:13 PM
 #2

I bought tons of shit worth 300 bitcoins about 2 weeks before BTC started rising from ~10$ to ~260$ . Well... I was pretty pissed.

I could have made over ~75k dollars =)
Photon939
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May 02, 2013, 06:09:23 PM
 #3

Once upon a time I sold 200 coins at $0.91

It didn't seem like $1 was possible again after the initial news faded about hitting dollar parity.
limitless
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May 02, 2013, 06:13:00 PM
 #4

same i guess, sold it too cheap when I had a lot of them

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furball
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May 02, 2013, 06:14:17 PM
 #5

Not looking into it earlier!  Wink
cud0s
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May 02, 2013, 06:15:49 PM
 #6

I stopped mining and forgot about bitcoin 2 years ago. Now that small amount of btc which at the time i thought was not worth the hassle to convert to my currency is worth 200+usd. It took ~4 days to mine that...
ABitBack
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May 02, 2013, 06:23:57 PM
 #7

Bought high. Crash. Sell low. - Repeat x3. Lost only about $1k but that's a lot to me. I have terrible luck despite watching clark.moody before trading.

doom309
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May 02, 2013, 06:48:02 PM
 #8

not buying a crapload of them in 2011 when i downloaded my wallet and got a free 0.05 from a faucet, in all honesty i forgot about btc for about 18 months ...
zeocrash
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May 02, 2013, 07:02:29 PM
 #9

Not using MFA on my mtgox account and getting cleaned out by a hacker.

Won't do that again
DanoTime
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May 02, 2013, 07:11:20 PM
 #10

TIL about the yubi key - interesting...
n00bwastaken
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May 02, 2013, 07:16:27 PM
 #11

Bought high. Crash. Sell low. - Repeat x3. Lost only about $1k but that's a lot to me. I have terrible luck despite watching clark.moody before trading.

Happened to me. Bought BTC when it was $255, and then the crash happened. I didn't sell. I invested in cheaper bitcoins to bring my average down. Now my BTC average cost is around $155 to break even. Not going to sell at $155 though. Going to hold on.
zeocrash
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May 02, 2013, 07:28:53 PM
 #12

Bought high. Crash. Sell low. - Repeat x3. Lost only about $1k but that's a lot to me. I have terrible luck despite watching clark.moody before trading.

Happened to me. Bought BTC when it was $255, and then the crash happened. I didn't sell. I invested in cheaper bitcoins to bring my average down. Now my BTC average cost is around $155 to break even. Not going to sell at $155 though. Going to hold on.

I gave up playing the markets, could never make much, always lost a lot. I just took my bit coins and bought ASICMINER stock and BTC bond with them and now i get some dividends each week. Easier, less stressful and in my case more profitable
Streets 2.0
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May 02, 2013, 07:29:32 PM
 #13

Not getting in sooner!  I had heard about bitcoin for some time but it fell off my radar until I heard it jumped literally over night.  At that point I thought I was too late but stayed in tune, now I am attempting to buy up cheap coins, but Dwolla and MTGox are a pain in the ass.  Cash Deposit at Walmart through bitinstant, I considered, but given some of the horror stories I have read, I stay away from that method of getting coins.  Currently mining LTC with hopes that its price will rise, but buying BTC for now.

bitleif
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May 02, 2013, 07:37:33 PM
 #14

Not getting in sooner - I hear ya!

I was actually paying attention to bitcoin in 2011 before and during the first bubble. Stupidly thought "I don't have money to invest in this right now"...
toolbag
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May 02, 2013, 07:42:00 PM
 #15

Not getting interested in Bitcoin back when I first heard about it in 2009 or so. To think of all coins I could have mined back then! And I'm the kind of person who never throws anything digital away (I still have files copied from 5.25" floppies that were written in the late 80's) so I'd have been one of those guys who mined 10,000 BTC back in the day and still had a copy of that wallet.
CecilNiosaki
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May 02, 2013, 07:45:26 PM
 #16

I had ~400 coins between Pirate@40 and Hashking T-T
kobaya74
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May 02, 2013, 08:26:59 PM
 #17

Not on BTC, but on LTC I lost over 1500$ in big crash. 2 mistakes: havent sold when it started to fall. When it was 1.60 I thought it shall hit lower than 1$, so sold. It went up and I lost in that 2 transactions over 1500$... And I am not rich guy, was pissed off, but that is life. You can make 1 mistake, but 2 in a row get your pockets empty Sad.
CasinoBit
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May 02, 2013, 08:45:04 PM
 #18

I originally got into BTC pretty early on so my worst mistake was probably overestimating the gov and underestimating the community, I had never thought we'd reach this stage.
bornloser
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May 02, 2013, 08:51:44 PM
 #19

bought some heroin with btc. now Embarrassed i'm hooked.
Hohoho
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May 02, 2013, 08:55:38 PM
 #20

Saw pictures of bitcoin mining rigs on reddit three years ago, thought well if I need 20 gpus there is no point me trying. If only I had started mining then.
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