What's the biggest mistake you've made on crypto?

[Roidz]

I first started my investment in cryptocurrency almost 9 years ago. But in the following months, I made a number of mistakes, resulting in the loss of a majority of my coins. First, I invested in a scam project called LitecoinGlobal, and half of my coins were gone immediately. Then I invested in a few shitcoins such as Labcoin and Quark, resulting in the complete loss of investment. And finally, I lost more coins when I failed to take the backup for some of my wallets.

just as you probably almost all forum members here have made mistakes in investing or participating in bounty projects, maybe in this case, I have a case that is almost the same as you investing in projects that do look good but in the end lead to fraudulent projects, I myself have lost nearly $ 1000 to invest in the Miracle Tele project at that time and the buyback offer they gave triggered me to invest.

[1714994593]

1714994593

[Yatsan]

I think the biggest mistake that I have done making me regretful most of the time is dealing on managing my decisions on if will I supposed to buy or sell already my coins to gain profit or to somewhat take advantage of the situation to purchase and make them into hold. Those were the common mistakes that I have done before that sometimes jump into my mind having regrets and thinking like "I have supposed to do that, I have not supposed to do this" just like stuffs are the minor to major mistakes I have done on the entire journey that I do encounter on my crypto journey. Even as of today, I still experience such minor setbacks which I just treat as a common mistake that is needed to be improve for my own betterment.

[Wawa2013]

Because I jumped into the world of crypto self-taught and no one was guiding me, so I had many unforgettable mistakes. One of them is maybe
I use capital not from money that I can afford to lose, so when I start investing in crypto, I experience a loss by choosing the wrong projects.
I also ended up in debt, this is the biggest lesson for everyone if we want to invest in crypto, it is mandatory to use the money that we can afford
to lose.

[kapalmabur]

telling stories about the biggest mistakes is sad, but it can be a lesson for us in the crypto world,
And my biggest mistake was losing $ 500 when trading futures, it was very painful.

[Santri]

The biggest mistakes I made were many in 2017.
- I joined many ICOs but never did research and many ICOs I joined ended up scams
- Not sell coins that already have a high price at that time because they believe the word "hold" too much (because I'm too greedy)
but all of that has become an experience and a lesson for me to be better

[aTriz]

telling stories about the biggest mistakes is sad, but it can be a lesson for us in the crypto world,
And my biggest mistake was losing $ 500 when trading futures, it was very painful.

$500 doesn't sound a lot for me. but still I can understand how it feels as I've lost larger amount of funds in crypto. that is why for trading it is always advised to only invest as much as you can afford to loose. if $500 was not affordable for you to risk then you shouldn't have risked them.

The biggest mistakes I made were many in 2017.
- I joined many ICOs but never did research and many ICOs I joined ended up scams
- Not sell coins that already have a high price at that time because they believe the word "hold" too much (because I'm too greedy)
but all of that has become an experience and a lesson for me to be better

I did that hodlings shit tokens mistake too. and sometime it really hit hard when I think about past. but good thing is I did not invest any of my own money on them. I've mostly earned them for the services I've provided them.

[culuuton]

The biggest mistakes I made were many in 2017.
- I joined many ICOs but never did research and many ICOs I joined ended up scams
- Not sell coins that already have a high price at that time because they believe the word "hold" too much (because I'm too greedy)
but all of that has become an experience and a lesson for me to be better

Mistakes will make you more mature, lessons are expensive but necessary. 2017 was the year of ICOs, most of them were very successful so your mistake is mainly greed, ICO scam was not much. After 2017 investing in an ICO was the biggest mistake even if you do your research, 95% are scam projects, you are still lucky.

[Jvanmulders]

Hello,

The biggest mistake is me buying 700 Zclassic coins at 2.3$ and selling them at 3.7$ the day before they pumped to 230$ a piece.
700$ profit in stead of 160000$ profit.

still bothers me to this day.

[akirasendo17]

I think for me is that i tend to hold coins even when its already in peak price, and the result when the coin goes down, I don't get any profit or at the same time need to wait for another rally to sell the coin, which more often also lost the capital because it takes too long to get back to the real price or purchase price, and selling the coin is just my only option to have a capital again resulting to lose money.

[dre1982]

Hello,

The biggest mistake is me buying 700 Zclassic coins at 2.3$ and selling them at 3.7$ the day before they pumped to 230$ a piece.
700$ profit in stead of 160000$ profit.

still bothers me to this day.

Well that really hurts. Especially when it was pumped the day after.

I sold two bitcoins for $250 each but that was years ago so I could made more if I saved them but it's been so long ago that I can live with that.

[trauchot]

I am sure that most people, like me, have the biggest mistakes in the cryptocurrency sphere is that we sell our cryptocurrencies at low prices, but I already try not to make such mistakes as I have already gained a lot of experience from my mistakes.

[itovault]

How can we learn from these mistakes?  What are the actionables for the future?

One actionable might be that if a project seems like it's very innovative, earnest, and incubating, to invest in it and keep on holding.  Selling at false tops might be a mistake.

[itachi gunasekara]

When I newbie to cryptocurrency I trust everything and everyone. So I got caught up on scams. But I learned my lesson from them.

[magnum cyber]

My biggest mistake was selling some of the tokens generated from the bounty project after receiving them. maybe if I survived to this day at least I could make more profit, and another mistake was to lose $ 300 from investing in a bad project.

[hahay]

The biggest mistake is selling any crypto that is owned but sold when the market is dumping, that is the biggest mistake even hard to fix for me personally. At first I was confident to hold on no matter what but when the decline continued throughout the day and then sold, eventually the market recovered the next day. It's a recurring mistake and regret, but with a different plan at least I won't sell it all at once, at least with the experience I have I will keep some of it for long-term gain.

[Fredomago]

The biggest mistake is selling any crypto that is owned but sold when the market is dumping, that is the biggest mistake even hard to fix for me personally. At first I was confident to hold on no matter what but when the decline continued throughout the day and then sold, eventually the market recovered the next day. It's a recurring mistake and regret, but with a different plan at least I won't sell it all at once, at least with the experience I have I will keep some of it for long-term gain.

True! there are times that you really planned everything ahead of time but due to panic instead of keep holding your assets you intentionally sell it out to avoid losing big portions of your investment. Sad thing that eventually the value will bounce back and recover from the downfall leaving you to completely lose your money.

It's repeatedly and most of the traders are aware of this, emotions kills your investment, there are many mistakes that take place following your emotions, got to have a big nerve to face every struggles inside this market to learn more about holding your assets properly.

[Malam90]

I had 35 Ethereum and i invested in two shitcoins (CYFM, MFTU) and now 99% of my capital has been ruined with this shitcoins. This is my greatest mistake in crypto. Taking lesson from this, i never invest in any shitcoins rather i try to invest in top coins which is reliable. Top coins never ruins the portfolio totally like shitcoins.

[dre1982]

I had 35 Ethereum and i invested in two shitcoins (CYFM, MFTU) and now 99% of my capital has been ruined with this shitcoins. This is my greatest mistake in crypto. Taking lesson from this, i never invest in any shitcoins rather i try to invest in top coins which is reliable. Top coins never ruins the portfolio totally like shitcoins.

The number of shitcoins is increasin everyday. Every noob can nowadays create there own coin, copy some white papers and scam everyone they want.

It is hard nowadays to find the promising coins between the shitcoins.

[Rabi3]

my biggest mistake is not holding into my tokens or at least converting them to bitcoin or ethereum, when i first started, also discovering gambling and losing a lot of my crypto to it, and they're both related, i didn't keep bitcoin and ethereum due to gambling, i was really addicted, thank god i got passed that and i am gambling with only what i can afford to lose, i still regret it though.

[freedomno1]

A few trading with margin on poloniex always bad, trading in altcoins when bitcoin rises ... summary all coins fall relative to BTC. Waiting to long to sell in 2017 cause of it's going up mentality then waiting four years for this one to get more BTC with cheap fiat.
Pretty much anything other than hodl, recently trying a few de-fi tokens a bit too soon although that is a given since it's a wild west like old bitcoin days. I'm sure others have great stories as well. Summary activity based actions instead of cold storage ....