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Author Topic: The Regret Thread  (Read 1919 times)
coynzer
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October 10, 2013, 04:57:17 PM
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I read about Bitcoins somewhere on the Internet back when 1 BTC was $1.50. I started mining it, mostly out of pure technical curiosity, I just wanted to see it in action. After getting involved and having my wallet filled up a bit I started to think whether this could be an asset for the future and I should buy some, as mining with my CPU already wasn't really worthwhile anymore at that time. Talked it through with my girl, but our financial situation wasn't very good at that time and the maximum 1500$ we could have spent on it didn't seem to be much compared to what I knew about traditional investments. So we decided not to.

I stopped mining too and even completely forgot about BTC when I reinstalled my computer...without making a backup of my wallet.

Bitcoin got my attention again when the bubble started to grow this year and it was at $200. I remembered by decision about not buying the ~1000 BTC which would have been worth $200,000 (and still $140,000 today).

So what's your story for the Regret Thread? Maybe you have told it elsewhere already but please put it here, where it really belongs to  Wink
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knight22
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October 10, 2013, 05:11:28 PM
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I think everyone here regret to not have bought more bitcoin in the past  Cheesy

coynzer
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October 10, 2013, 05:26:35 PM
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Sure, but it's a whole different story if you have talked it through with someone and made an active (and wrong) decision about it at a time where it would have really been worth to buy them. Compared to people who just learned about it too late and now regret not to have heard about it earlier.
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October 10, 2013, 06:20:36 PM
 #4

I heard about Silkroad about the summer of 2011 and I was curious about it. Looked into how it worked and was just too busy and confused at the time to care about trying to obtain Bitcoins. To think I could have made a ton of money if I saw this jump in price coming. That is my regret story.

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October 10, 2013, 07:24:24 PM
 #5

Ok people, don't make the same mistake again!

Invest money you don't need and you can afford to lose in bitcoins and hope in future quotations keep going up.
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October 10, 2013, 07:39:54 PM
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I read about Bitcoins somewhere on the Internet back when 1 BTC was $1.50. I started mining it, mostly out of pure technical curiosity, I just wanted to see it in action. After getting involved and having my wallet filled up a bit I started to think whether this could be an asset for the future and I should buy some, as mining with my CPU already wasn't really worthwhile anymore at that time. Talked it through with my girl, but our financial situation wasn't very good at that time and the maximum 1500$ we could have spent on it didn't seem to be much compared to what I knew about traditional investments. So we decided not to.

I stopped mining too and even completely forgot about BTC when I reinstalled my computer...without making a backup of my wallet.

Bitcoin got my attention again when the bubble started to grow this year and it was at $200. I remembered by decision about not buying the ~1000 BTC which would have been worth $200,000 (and still $140,000 today).

So what's your story for the Regret Thread? Maybe you have told it elsewhere already but please put it here, where it really belongs to  Wink

Probably not a popular sentiment on this forum, but Litecoin is trading at a comparable rate Wink

To brie or not to brie...
Mitchell
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October 10, 2013, 07:44:50 PM
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I heard about BitCoin 2-3 years ago from a friend of mine and downloaded the BitCoin-Qt client (Electrum didn't exist back then). Downloading the BlockChain took far too long and I didn't really see the potential, so I simply quit. Stupidest mistake I have ever made.


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CaptainAK
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October 10, 2013, 08:15:42 PM
 #8

My regret was not quite as painful as yours, but was almost identical.  Heard about mining, mined 3 blocks @ 50BTC each, heard about 10,000BTC pizzas, gave up mining, reformatted computer without backing up wallet. Fast forward 3 years and started kicking myself.
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October 10, 2013, 08:22:04 PM
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I missed the early CPU mining days, but I was interested in PeerCoin (PPC) when it was announced. Mining it was too slow, so I spent 10 BTC (about $100) and bought 100,000 PPC. I got tired of waiting for proof-of-stake blocks and sold most of them for 16 BTC a month and a half later. At the time I was happy to have turned a quick 50% profit. Now I wish I had held on to them a bit longer! They would be worth 300 BTC ($37,500) today.
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October 10, 2013, 08:43:15 PM
 #10

That's like saying you regret that you didn't buy apple, microsoft, google, facebook, ETC. shares back when they were $1.  It was your own decision, if you regret it, you'll lead a boring life.  Take action in the future, consider your past, but no need to cry over it.  I saw bitcoins when they were over $10, I was going to buy it, instead I made the decision to invest $2500 in PTC sites, a horrible decision.

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October 10, 2013, 10:16:16 PM
 #11

That's like saying you regret that you didn't buy apple, microsoft, google, facebook, ETC. shares back when they were $1. 


Yes these were the successfull ones, but you could buy some other starting internet company shares and loose. Its always risky
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October 11, 2013, 02:48:58 AM
 #12

Someone at work mentioned bitcoins to me not quite two years ago. He didn't have a lot of info, and couldn't explain it to me in a way that made sense and the conversation ended in less than five minutes. And then about fifteen months later someone else asked me what I knew and I knew nothing and started looking it up. And wishing I'd paid more attention back then. Oh well, still having fun messing with the hardware side of it.

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October 11, 2013, 11:57:51 AM
 #13

My story was almost same like everybody, didn't buy when it is about 1$ each and didn't really care about it until it hits like 200$ thats when it started to get my attention.

clock27
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October 11, 2013, 11:59:08 AM
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i also with i had started in 2010 when i first found out about BTC Sad

pedrog
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October 11, 2013, 09:21:29 PM
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Buying Labcoin shares...

lambdaE
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October 11, 2013, 09:29:10 PM
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What about satoshi dice shares. Didnt heard about satoshi dice months  Smiley
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October 11, 2013, 11:23:26 PM
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Not investing in Bitcoin sooner.

On a mission to make Bitcointalk.org Marketplace a safer place to Buy/Sell/Trade
User705
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October 11, 2013, 11:26:38 PM
 #18

Makes one wonder how much btc is lost forever and what the true cap is because its not 21 million.
Baitty
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October 11, 2013, 11:29:27 PM
 #19

Makes one wonder how much btc is lost forever and what the true cap is because its not 21 million.

What do you mean not 21 million?

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dragonkid
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October 11, 2013, 11:30:36 PM
 #20

I wish I started to get into bitcoin a few years ago.  Sad

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