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Author Topic: What is your Biggest Crypto Regret?  (Read 4006 times)
Abiky
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August 25, 2020, 07:25:57 PM
 #281

My biggest regret is when ICO lending (like bitconnect or hextra) was hype, and I was careless with investing my profits at the time. And I didn't sell some of the shitcoins I got from the bounty campaign, and now almost all the projects are dead and the tokens are worthless Cry.

ICOs were extremely hyped back in the day ETH was just starting to blossom. As well as you did, I've lost the opportunity to sell some tokens earned from bounty campaigns when they were still traded on the market. If had sold all of my bounty earnings, I would've made a lot of money by now. Instead, I've decided to wait until prices became much higher on the market. It was a mistake by my end, as now I'm holding a bunch of worthless tokens that have been abandoned by their developers. It's up to this date, where I regret my actions taken within ICO's early days. At least, you get to learn from your mistakes.

I'd suggest that you quickly get in and out of new crypto projects to take advantage of them whenever it's still possible. If you plan on waiting for prices to become higher on the market, you might never get the chance to profit big time. I usually keep an eye on crypto projects to invest within their early days. Right after prices start rising, I quickly sell all of my holdings for profit. Repeat this cycle and you'll be successful in this wild journey of crypto. Remember, always do own your research and never make your decisions based on other's opinion to minimize losses as much as possible. Just my opinion Smiley

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August 26, 2020, 04:37:41 AM
 #282

I found out about it when I was 2018 .It was worth  $4,000 then.But now it costs 12000$ dollars.It can be held and sold if the price goes up.And will have to repurchase when prices fall.Since it is normal to grow and decrease in the market.

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August 26, 2020, 04:53:44 AM
 #283

I found out about it when I was 2018 .It was worth  $4,000 then.But now it costs 12000$ dollars.It can be held and sold if the price goes up.And will have to repurchase when prices fall.Since it is normal to grow and decrease in the market.
That means you regret not having time to buy Bitcoin in 2018 when the price was $ 4,000? if something like that you say is a regret, then very many people are sorry at this time because they are afraid to buy in 2018 when the price is decreasing.
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August 26, 2020, 04:56:23 AM
 #284

Probably the most recent time Chainlink's price fell to $ 2.1 but I didn't buy it. At that time I just woke up and did not understand what was happening to the market, I was afraid and did not dare to take risks. Up to now, its price has been x7 times and the highest is x9 times. I was just a new trader so I was lacking, I did not dare to buy it with a volatile mentality. That was probably the great opportunity I missed.


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August 26, 2020, 08:06:51 AM
 #285

The biggest regret is that I sold out all my crypto in early 2018. At that time ETH $ 90 and Bitcoin $ 3k4, I lost most of my money and only about $ 1000 in my wallet. After only 1 year the market has dropped a lot and certainly many people have sold their assets like me.
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August 26, 2020, 08:09:51 AM
 #286

The biggest regret is that I sold out all my crypto in early 2018. At that time ETH $ 90 and Bitcoin $ 3k4, I lost most of my money and only about $ 1000 in my wallet. After only 1 year the market has dropped a lot and certainly many people have sold their assets like me.
Early or after bullrun? Because I remember that altcoin season started in January 2018 and it doesn't last more than a month and half before bears took over the market, sorry for your loss, those who have low understand about how crypto works will never think that recover is possible once they are in loss

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August 26, 2020, 08:12:32 AM
 #287

My biggest regret is spending lots of money on obsolete mining rigs because I don't know much about profitable before jumping into mining, I thought the bullish trend of 2017/2018 will always continue so I went for the lesser GPUs, I later sold all and still haven't recover my loss till today.

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August 26, 2020, 08:14:49 AM
 #288

My biggest regret is spending lots of money on obsolete mining rigs because I don't know much about profitable before jumping into mining, I thought the bullish trend of 2017/2018 will always continue so I went for the lesser GPUs, I later sold all and still haven't recover my loss till today.
The lesson I've learned from this is never venture into any investment plans without proper investigations and understanding, today mining coins and making profits is very difficult without free electricity but still possible if one can go solar mining but the cost? That's not something everyone can do

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August 26, 2020, 09:02:16 AM
 #289

Many people regret that they did not buy BTC while they first knew about it. For some, they did not sell BTC while they could. Roll Eyes

For me, I got MWC & HEX for free from airdrop to BTC HODLers, but dumped them before they peak. I could easily make 10x of my existing BTC, if I held them strong. Cry

What is your Biggest Crypto Regret?

I want to believe that, if everyone in the crypto space is asked about one regret or the other, definitely there would be one or two of such.  A friend once told me, you can't get things right always in the space.
Part of my regrets was when I sold some airdrops for just $15 and just a week later, the same amount of coin worth about $400.  Just a little patience from me, but I was too in a rush.  A little patience at times, can lead to a huge positive transformation.
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August 26, 2020, 06:26:44 PM
 #290

My biggest regret is spending lots of money on obsolete mining rigs because I don't know much about profitable before jumping into mining, I thought the bullish trend of 2017/2018 will always continue so I went for the lesser GPUs, I later sold all and still haven't recover my loss till today.
The lesson I've learned from this is never venture into any investment plans without proper investigations and understanding, today mining coins and making profits is very difficult without free electricity but still possible if one can go solar mining but the cost? That's not something everyone can do
definitely, mining is not like what it used at the beginning of cryptocurrencies where you can make quite the profit. Right now it's a lot more difficult and need to compete against big miners aswell.
for us who have kinda relatively weak mining rigs and not gonna pays off. not to mention the expensive electrcity if we don't get subsidized.
well, currently mining is not very profitable anymore because the results obtained are very small and the cost of electricity to repair mining devices is very high, so mining results have been trimmed with electricity payments and the results are not very profitable anymore, many small-scale miners choose to sell all his mining tools and return to being a regular trader.
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August 26, 2020, 06:37:07 PM
 #291

My biggest regret in the cryptocurrency industry was actually hodling bcnex tokens when the value was about 0.25$ with a high expectation for the project. I was actually thinking that bcnex exchange was a contender to binance, only for the exchange to exit and I have nothing, if I had sold for even 0.01$, that would have been something at least.
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August 26, 2020, 06:53:18 PM
 #292

Not selling everything I had in 2018. I would've have much more crypto and fiat value now. That has to be my biggest regret but also the next one of the list was wasting so much time in useless bounties that at the end didn't pay nothing.
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August 26, 2020, 06:58:30 PM
 #293

My regrets in the space is far back in 2017, where I was busy investing in scam ICO's and ponzi schemes which rendered my savings empty. I may have made much profits from the bull run of 2017, but I had only a couple of cryptocurrency with value and since I was still very new to the industry. I barely made any profit from the bull run.
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August 26, 2020, 06:59:22 PM
 #294

Regret occurs when we make mistakes or are too hasty in making decisions. Mistakes in making decisions can happen to anyone, but learning from mistakes is the beginning of the process to success.
Investing in cryptocurrency is not as easy as we imagine, there are many things that must be considered to avoid the risk of loss. Make mistakes as the most valuable lessons, so you don't regret it in the future.

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August 26, 2020, 07:13:54 PM
 #295

Not selling everything I had in 2018. I would've have much more crypto and fiat value now. That has to be my biggest regret but also the next one of the list was wasting so much time in useless bounties that at the end didn't pay nothing.
That's also my regret: I had the chance to make some good and decent profits from my holdings but kept those shitting tokens to see them.rising but went down to zero at this moment I type this. Some of my worth was around $3000 back in quarter 3q 2019 and all of them went into drainage, till now am still in search of my $3000. Hope this help others as experience for future purpose. I won't keep any ga dem shitting tokens anymore for any reason.

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August 26, 2020, 07:23:11 PM
 #296

Many people regret that they did not buy BTC while they first knew about it. For some, they did not sell BTC while they could. Roll Eyes
Regret because they did not buy in while first knew, I think that not regrets category, some people especially newcomers in crypto need a hard push to decide to buy it.

Regret means when already know. So for me, my regret because not to selling all of my bounty coins in 2017. I keep hold it because I think it will always increase, yeah less knowledge.  I thought i could be rich if I had the chance to sell everything

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August 26, 2020, 07:25:50 PM
 #297

many things that make me regret but mostly always related to bounties or airdrops, for example selling too early and it turns out that if I hold it for a little while maybe the estimate of token value can reach thousands or even tens of thousands of dollars, and also don't follow a good bounty like aave ever hold a bounty at this time if aave bounty participants who still hold their tokens maybe they can reap the results they never imagined, especially for signature campaign participant.
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August 26, 2020, 07:25:58 PM
Last edit: August 27, 2020, 12:21:50 AM by Chukwunonso
 #298

My journey has been faced with several sets back, it started  when I gained basic understanding on cryptocurrency and rely on the information which was made available by the team themselves and this spelt doom for me. I made huge losses in ICO's, trusting that the projects would make progress in the future, until I realised that not all tokens are worth holding long-term.
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August 26, 2020, 08:03:17 PM
 #299

Maybe I won't call it a regret, but rather it is a risk that I have to accept in trading and participating in bounties, in trading, I am too eager to get big profits, so I hold coins for too long and hoped to experience an increase in price, but now In fact, many of these coins have no price, and just become trash in my wallet and the second thing that I regret is that I have been trapped several times in several bounty scams, so that, it has only wasted my time, but now regret / at least this risk has given me an experience to be even better in the future.

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August 26, 2020, 09:28:17 PM
 #300

also the next one of the list was wasting so much time in useless bounties that at the end didn't pay nothing.

This is also one regret for me. But how can you know a bounty that will scam you? I did lots of such and they are more scamming than paying. Those were the newbie days on the forum  Grin
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