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Author Topic: What are your biggest Bitcoin mistakes?  (Read 1327 times)
KieranJones1
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November 27, 2013, 01:40:01 AM
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So this picture from my Localbitcoins.com account history haunts me. If I'd kept that BTC for just a few weeks, I'd have made more than double profit, but instead I spent it straight away! (£98.11 = $159.05 at the time of writing)

As a broke university student, I could really have used that extra cash, but oh well!

Share evidence of your biggest Bitcoin mistakes here Smiley
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auto2nr1
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November 27, 2013, 03:01:01 AM
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Not holding onto all the coins that was purchased or mined.

EDIT: Investing in Labcoin (Bitcoin Security)
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November 27, 2013, 03:03:16 AM
 #3

boring thread

everybody has the same mistake

EVER SELLING OR LOSING A COIN



EVER!

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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November 27, 2013, 03:04:21 AM
 #4

I bought today @ $950. Oops.

Don't mix your coins someone said isn't legal
testerx
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November 27, 2013, 03:04:33 AM
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Bought some 5770s and 5830s and mined on them back in the day and sold most of my bitcoins to pay for the cards.  At like 8-12 bucks Sad

KieranJones1
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November 27, 2013, 03:05:25 AM
 #6

People still enjoy discussing the two million dollar pizza (now worth even more!), although I admit that's probably a special case.

Really, I just created this thread because when a mistake tortures you, it can be helpful to share it Smiley
jojo69
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November 27, 2013, 03:05:56 AM
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I bought today @ $950. Oops.

what?  you're $15 up

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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November 27, 2013, 03:06:23 AM
 #8

I bought today @ $950. Oops.

what?  you're $15 up
What do you think I do, trade on Gox?  Cheesy

Don't mix your coins someone said isn't legal
KieranJones1
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November 27, 2013, 03:06:50 AM
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I bought today @ $950. Oops.
Too early to call that a mistake! Good luck, though!
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November 27, 2013, 03:07:37 AM
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Really, I just created this thread because when a mistake tortures you, it can be helpful to share it Smiley



OK, then the bitcoin mistake that tortures me the most is ever believing a goddamn thing Josh/Inaba ever had to say

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
findiggle
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November 27, 2013, 04:22:30 AM
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Easily everyone's biggest mistake was not buying or mining sooner, so I guess your question is really about our second biggest mistakes?

In my case, that's easy. I issued an international wire transfer for many thousands of USD to BTC-e at the beginning of November, to get in on the jump we all knew was coming. I'm still waiting for those funds to be credited to my account. I assume BTC-e are using it for their own purposes, and having a big laugh at my expense. I've started calling this practice of theirs charging people for the privilege of giving BTC-e an interest free loan.

I surely won't do that again. My bank will soon issue a chargeback on those funds. I've heard this story again and again, so maybe it's my fault for thinking it wouldn't happen to me. Maybe my timing was just bad: these stories seem to have multiplied since.

All my transactions since have been on Coinbase, and I couldn't be happier.

- Findiggle.
bitcoinpsftp
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November 27, 2013, 06:16:21 AM
 #12

Probably my biggest mistake was wanting to invest in BTC when it was at 50$, and after searching, and not finding an easy way to buy, I gave up.   Should have tried fucking harder, would have invested about 1k in them, turning that into almost 20k today Sad

ktorn
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November 27, 2013, 06:27:58 AM
 #13

*Only* 2 major mistakes:

1) May 2011: Found out about Bitcoin. Received BTC .02 from the faucet. Did not invest in mining hardware.

2) April 2013: Invested in mining hardware (BFL) instead of just buying BTC.
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November 27, 2013, 07:25:15 AM
 #14

I bought today @ $950. Oops.
Too early to call that a mistake! Good luck, though!
A few years from now maybe youll regret not buying more at that price!  Grin ahhahah
obryan20
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November 27, 2013, 07:36:34 AM
 #15

I suppose my biggest mistake was holding off on buying more when the price had dipped below $100 after the Silk Road was shut down. The price then started climbing and hasn't stopped since.
KieranJones1
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November 27, 2013, 07:39:19 AM
 #16

I suppose my biggest mistake was holding off on buying more when the price had dipped below $100 after the Silk Road was shut down. The price then started climbing and hasn't stopped since.
I feel slightly less bad about not investing after the SR takedown, since that felt like a pretty legitimate reason why BTC might not have recovered.

Before that, though? I really should've invested!
psjbeisler
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November 27, 2013, 11:42:21 AM
 #17

I suppose my biggest mistake was holding off on buying more when the price had dipped below $100 after the Silk Road was shut down. The price then started climbing and hasn't stopped since.
I feel slightly less bad about not investing after the SR takedown, since that felt like a pretty legitimate reason why BTC might not have recovered.

Before that, though? I really should've invested!
Even tho SR is back up, and there are alternates. (just sayin)

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bitcoinpsftp
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November 27, 2013, 11:51:34 AM
 #18

I suppose my biggest mistake was holding off on buying more when the price had dipped below $100 after the Silk Road was shut down. The price then started climbing and hasn't stopped since.
I feel slightly less bad about not investing after the SR takedown, since that felt like a pretty legitimate reason why BTC might not have recovered.

Before that, though? I really should've invested!

Something tells me that you'll be making another 0.21 BTC quite soon though.  So while you didn't invest early on, at this pace, you'll be a bitcoin millionaire soon enough once bitcoin goes up.

hilariousandco
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November 27, 2013, 11:55:41 AM
 #19

My biggest mistake is not buying enough. I then made the same mistake with Litecoins, and then with Feathercoins haha.

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