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Author Topic: Story time! Lost coins & Regrets - Let's bring back a little bit of nostalgia.  (Read 389 times)
20kevin20 (OP)
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February 27, 2020, 11:53:08 PM
Merited by LoyceV (4), The Sceptical Chymist (3), Lucius (1), TravelMug (1), o_e_l_e_o (1)
 #1

I was wandering around on the forum and it looks like I ran out of threads to answer on. Therefore, I started randomly looking at some of the 2009-2010 posts on this forum and found a post about someone losing their 1.2BTC back in 2010. This made me wonder a few things I'm really curious about:
  1. How much BTC did you lose ever since you started using crypto? How did you lose it?
  2. What was the biggest BTC loss you've ever had?
  3. What do you regret the most ever since you started using cryptocurrencies?



Now let me answer these 3 questions. Smiley

1. I think I've lost somewhere between 0.05 and 0.1 BTC. ~0.04BTC has been lost on exchanges and wallets forcefully asking me for ID and the rest has been lost through fake casino scripts automatically withdrawing my balance to their wallets once it reached a certain amount of BTC, without leaving even a single trace.

2. If we're talking about "loss" as in BTC sent to/stolen by someone else (or sent to nobody's wallet), it's somewhere around 0.01BTC. Otherwise... read answer no. 3 and you'll find out Wink

3. My biggest regret is that one my alts portfolio had passed 25BTC and I was so stupid and greedy to think it isn't enough. Keep in mind the portfolio value after my last investment at the time was around 1BTC, so that's a 25x profit. And yes, if you're wondering, I've lost almost everything out of that portfolio thanks to a big dump in the markets. Stupidity pops up exactly when you need it the least, or at least this is how it works in my typical scenario.

Hence, I can consider my largest loss was somewhere around 25 BTC actually because I had that much in my alts portfolio and I never sold them all for BTC, although my gut feeling told me to do it.



What is your story? Smiley It would be more than interesting if some OG members would answer these questions. I'm wondering how much BTC did someone who's been using crypto since 2009-2010 lost in total.
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February 28, 2020, 01:00:11 AM
 #2

3. My biggest regret is that one my alts portfolio had passed 25BTC and I was so stupid and greedy to think it isn't enough.

There's a huuuge difference between paper losses and coins  you once owned that have actually left your custody. My own paper losses are in the hundreds of BTC but I'm not massively arsed as it was intangible and probably impossible to actually realise.

As for real losses it adds up to no more than some dust left on exchanges and giving it to morons who probably lost it, but as soon as it went to them it was no longer mine anyway.
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February 28, 2020, 01:32:44 AM
 #3

Quote
1. How much BTC did you lose ever since you started using crypto? How did you lose it?
2. What was the biggest BTC loss you've ever had?
3. What do you regret the most ever since you started using cryptocurrencies?

I haven't lost any BTC since I got my first coin. I've never bought alts with my coins, I only have altcoins that I got for free or for a bit of bounty work.

The thing that I regret the most is not buying more BTC when I had the money. I was always cautious and tried to have some fiat and some crypto but going all in in 2016 would probably set me up for life. I don't regret holding altcoins because I treated it like a gambling bet.
20kevin20 (OP)
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February 28, 2020, 01:54:24 AM
 #4

There's a huuuge difference between paper losses and coins  you once owned that have actually left your custody. My own paper losses are in the hundreds of BTC but I'm not massively arsed as it was intangible and probably impossible to actually realise.

As for real losses it adds up to no more than some dust left on exchanges and giving it to morons who probably lost it, but as soon as it went to them it was no longer mine anyway.
Well, I don't think mine really counts as a paper loss. I had the alts on an exchange at the time and I was on the website just about to sell them for BTC but I said no. It was basically a missed opportunity. Smiley

I haven't lost any BTC since I got my first coin. I've never bought alts with my coins, I only have altcoins that I got for free or for a bit of bounty work.

The thing that I regret the most is not buying more BTC when I had the money. I was always cautious and tried to have some fiat and some crypto but going all in in 2016 would probably set me up for life. I don't regret holding altcoins because I treated it like a gambling bet.
Well, some of us have learned the hard way. I almost lost >0.5BTC due to a lost Blockchain wallet password, but I've recovered it many months (IIRC, it was close to an year) later.

10 years later you might come here and say you wish you would've bought more BTC back in 2020. You never know - if history repeats, you will.
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February 28, 2020, 02:08:46 AM
 #5

I never loss a BTC because of forgotten wallet password or any other things,
I loss some BTC due to being greedy and joining some investment schemes,
I used to join so many BTC doubler back in the old days, I couldn't say that I regret it because I also earn a lot from it,
I am always a participant of dobtc.win and I usually get paid but when I feel like my investment wouldn't make it I tried to search for a similar site,
Then I found one and because of my greed I invested on the site not knowing that it was just a pure scam.

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February 28, 2020, 02:20:03 AM
 #6

I was wandering around on the forum and it looks like I ran out of threads to answer on. Therefore, I started randomly looking at some of the 2009-2010 posts on this forum and found a post about someone losing their 1.2BTC back in 2010. This made me wonder a few things I'm really curious about:
  1. How much BTC did you lose ever since you started using crypto? How did you lose it?
  2. What was the biggest BTC loss you've ever had?
  3. What do you regret the most ever since you started using cryptocurrencies?

1. I cannot give you the exact number. As far as I can remember, I lost a few BTCs in investment scams. I lost less than 1 BTC but still a significant amount in today's BTC value in closed exchanges.

2. I guess the biggest loss was with the investment scam I joined years ago when I was a newbie in the crypto world, which involves a workmate. In terms of paper loss, it was way larger as we all know how much value in USD did Bitcoin reach a few years ago.

3. One of my deepest regrets - although I really don't cry over spilled milk - is that I had weaker hands in the past years. I was also greedy, of course. Emotional decisions made my conversions from Bitcoin to fiat and vice versa a total loss rather than a way to make money.

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February 28, 2020, 02:59:54 AM
Last edit: February 28, 2020, 03:10:29 AM by Kupid002
 #7

I was wandering around on the forum and it looks like I ran out of threads to answer on. Therefore, I started randomly looking at some of the 2009-2010 posts on this forum and found a post about someone losing their 1.2BTC back in 2010. This made me wonder a few things I'm really curious about:
 1. How much BTC did you lose ever since you started using crypto? How did you lose it?

i think i lost around 5btc in trading (but its from profit already i just want to increase my holding so i try to trade many different altcoin)



 2. What was the biggest BTC loss you've ever had?

.

i lost around 2 btc in just one ICO way back 2017 before the bull market start. I get back the 0.5 btc since the coins has a price in exchange  ( i am not lost in terms in USD value its the same ) since i sell it  right time when bull market happen.

 3. What do you regret the most ever since you started using crypto currencies?
not selling all the coins that i have and secured it in fiat in the first quarter of 2018 that was my biggest regrets. ( i can re buy back in 2019 if i do selling it rightaway)

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February 28, 2020, 03:14:28 AM
 #8

Damn mate, you really bring some memory and nostalgia to me.  Grin

My very first post in this forum: How to Recover Lost Bitcoin. Again, I thought that I could have own more BTC, unfortunately, it was less than 1 BTC to be honest. I was able to recover it because I found the old paper wallet which I print out and then sweep the private key in Electrum.

 
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February 28, 2020, 03:26:09 AM
 #9

My answer to questions no. 1 and 2, forgot the exact number but I lost all the results of the faucet (at that time the result of the faucet is still very large maybe about 10k satoshi once claim) lost because the wallet was hacked due to using a generator script faucet and lost dogecoin around  100k-200k dogecoin on online wallets, also lost funds in exchange because the . But honestly when the incident is not too sad because I do not know the value will be very high.

Selling my trading results in 1 day as much as 1BTC when the price is still around $300, and due impatience to sell cheap altcoin that I get for free which if I sold at ATH around 25BTC.
I think mistakes and regrets will be there but it should not affect our mentality but instead makes us more careful especially regarding wallet security.

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February 28, 2020, 03:47:44 AM
 #10

I lost my bitcoin in the exchange and from investment programs, in the beginning, I joined in bitcoin. I cannot tell you how much I lost, but it's not small for me. I regret it, but I cannot do anything because if I think twice about the story, I think I made that mistake by myself, so I am trying to forget it as that bitcoin cannot back to me.

The biggest regret of me is not selling all of the coins I had because I think that is not enough for me, and I don't sell it right away as soon as the price increase so high. I feel I am too greedy to expecting the biggest profit, although I already got the biggest profit from all of the coins I had. But I am sure that all of the lost I had before can replace by another profit that I will try to get. I believe that we can make another profit in many ways, and if that money is for us, it will come again to us from another way.

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February 28, 2020, 04:10:10 AM
 #11

To be honest, I think it's really hard to find the exact time when you can sell your portfolio and feels "yeah this is it". 25x increase sounds great but how did you arrive at that point? Why don't you sell it at 2x? Or 3x? It's a question of risk management and all. If you manage to sell it at 3x, maybe your regret will change to "why not sell it at 20x which happens right now" etc.

There is no other way to face this reality except proper risk management (sell 50% at 2x, 25% at 4x etc) and believe that the future is uncertain so if you can save some profits it's way better than nothing.

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February 28, 2020, 04:23:23 AM
 #12

i believe that there is a good chance that every single person who has ever used any centralized exchanges for a moderate amount of time has lost coins to them either because they were hacked, closed down or because they scammed them and stole their money.
i have also lost a lot of money this way but i have no regrets since i have always invested what i could afford to lose and from day one i was well aware that these exchanges can scam me at any time.

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c.h.
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Kakmakr
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February 28, 2020, 05:39:00 AM
 #13

I have lost a lot of time and money on Signature campaigns that did not pay, when I started signature campaigns back in the day. You post for a couple of weeks and you think that you are going to get paid for it and then everything goes south and nobody gets paid.  Roll Eyes

I have also lost some coins on Exchanges that got hacked. It is difficult not to store coins on an exchange, if you have buy & sell orders to honor. It is just a risk that you have to take, when you deal with these centralized exchanges with their weak software.  Roll Eyes

When cloud mining <aka Ponzi Schemes> was at a all time high, a lot of us participated and bought hashing power, but it turned out that it was just a scam and we lost a couple of coins on that too.  Tongue

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February 28, 2020, 06:29:21 AM
 #14

I've never lost BTC due to scams or lost/forgotten wallet passwords,etc.
I've "lost money" selling BTC at the wrong time. Grin
Back in 2015 I've had 1.25 BTC and I sold them at a 500 USD price.
Back in 2016 I've had 0.33 BTC and I sold them at 1000 USD.
How stupid I was for not HODLing all my bitcoin until the end. Angry
I never really expected that Bitcoin could reach 16K USD in 2017. Cry
By the way,this thread is not about nostalgia.It's about regretting the past.

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February 28, 2020, 11:42:13 AM
 #15

The biggest BTC I lose was about 0.8BTC+ to USI-TECH and some HYIP site because I had so much money that came which I was not expecting, so I wanted to keep earning passive income instead of buying good altcoins and keeping my bitcoin I lost that in 2017. That affected me badly.
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February 28, 2020, 11:50:44 AM
 #16

How stupid I was for not HODLing all my bitcoin until the end. Angry
How you know when is the end? You thought back then that that was the top price, and you sold it. Now when you know what happens it's easy to say I should have hodl it more, but it there was no bull run, what then? You loose what you earned.
If you bought it when it was 20 and sold it when it was 200, it's a profit one way or another no need to sorry for past profits.

My loss is only one, I bought 0.1 Cas that never came I don't want to say how much I payed for it but that's my only loss.
Bought some when it was 3,5k and then on 4.5k, so i'm still in profit.
People say you loose only if you sell, yeah but not profit you loose something more precious.

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February 28, 2020, 01:50:37 PM
 #17

I have definitely lost more than my fair share of Bitcoin, though not in the same way other people have.

Several years ago I used to play dice at Just-dice, before it got changed to being a Clams only site. At the time, Bitcoin was worth around $150-apiece and I would wager 5-6 bitcoin at a time on high odds.

Anyway, long story short I managed to increase my bankroll to around 150 BTC after getting rekt for some time then YOLOING around 5 BTC on a crazy bet which I won.

At that time this 150 BTC was worth somewhere around $20k. I sold around two thirds of it, but then sent the remaining 1/3 to a wallet that I stored on my laptop.

You can probably guess where this is going....

Laptop broke down, the .rar file containing both the wallet file and recovery seed corrupted Sad
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February 28, 2020, 01:55:48 PM
 #18

I never lost BTC in the way that I was a victim of hacking, or that I may have forgotten my wallet password. But like most, I lost a significant amount on faucets that never paid me, and 5-6 years ago it was very easy to collect millions of satoshi every week. This was unfortunately the risk that came with faucets that had withdrawal thresholds. I would estimate that the total sum of what I lost is around 0.30 BTC, but it was such a time, inexperience, and a lot of bad people who cheated in every way possible.

What I really regret the most is that I sold 5 BTC that I bought for $1000, for a relatively small profit, but who could have guessed that BTC would jump from $200 to even $20 000 in less than 2 years...

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c.h.
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February 28, 2020, 01:57:03 PM
 #19

My biggest regret is spending around 2 BTC in 2016, should have hodled it all. Also, invested 0.01 BTC in an ICO scam in my first months here, but I don't regret it too much, I think it's a reasonable price for such a valuable lesson, since then I was never scammed again. I also traded alts and still hold the leftovers waiting for a better opportunity to sell, since some of my positions are in read, but I'm sure that overall I'm in green.
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February 28, 2020, 02:03:04 PM
 #20

Damn mate, you really bring some memory and nostalgia to me.  Grin

My very first post in this forum: How to Recover Lost Bitcoin. Again, I thought that I could have own more BTC, unfortunately, it was less than 1 BTC to be honest. I was able to recover it because I found the old paper wallet which I print out and then sweep the private key in Electrum.
It gives me chills to the bone Grin

 This is the reason why I found this forum back then, I was trying to figure out how to get my btc back on my hacked wallet, I tried searching it on google and there is a link that directed me here. After I read some threads I wanted to thank for the good source and popped up the registration and I did not hesitate to reg so I'm here lol. But the thing is I wasn't able to get my btc back, I think it was about 0.01 or something near.
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