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

[Abiky]

Everyone has ever made mistakes in his life, including me.  The biggest mistake I made in crypto was buying IGNIS and NXT coins in 2017, at that time almost all the money I had was used up to buy these two coins, after that IGNIS and NXT experienced a very extraordinary price drop, and now these two  has become useless shitcoins for me.
Yeah, experience is the best teacher for me, I can learn to be wiser when making decisions, so that, the mistakes I have be done are not repeated a second time.

Sometimes you get lucky, and sometimes you don't. You can thank crypto's volatile and unpredictable nature for that. In my own opinion, the crypto market is just a gamble as you could either turn rich or poor in a blink of an eye. That's why it's important to secure as much profit as possible before it's too late.   Whenever you see the opportunity to cash out, do it without thinking twice.

I have made many mistakes with crypto projects, and cloud mining companies which turned out to become a scam in the long run. Everything was driven out of greed, leading me to a terrible financial situation within my early days in crypto. At least, I've learned a good lesson. Now, I'm more aware of the risks involved when investing in the crypto/Blockchain industry. I do my own research instead of making my decisions based on other's opinion. Remember, nobody is perfect. But it's important to learn from your mistakes and keep moving forward.

[BITCOIN4X]

We all have our own strengths and weaknesses in the crypto world and I believe we generally have our ups and downs when it comes to trading. Long story short, I have experienced losses in terms of trading almost half of the capital I used for trading. This is my initial capital since I first got into crypto. I do not regret the loss because I feel it is impossible without experiencing a loss for this risky activity.

None of us are free from losses, this is a natural thing and I admit that all of them must be valuable experiences and lessons that are useful in the future.

[XRiders]

Great thread and lots to learn from here! One my biggest mistakes in the crypto world was trusting a so called "crypto expert" and following his tips blindly, without taking the time to do any research on the coins he was shilling me. It all went well for a while till all the progress was wiped out in days. Learned a lot in the past years from my mistakes but it's good from time to time to recall them

[Dessy88]

On the advice of another person, I kept a coin for a long time which resulted in huge losses. It wasn't a simple mistake because my fundraiser was so small. I had to bear such a loss due to misconceptions. On the other hand, I could not sell the coin in time due to which my financial crisis started.

[ScamViruS]

Great thread and lots to learn from here! One my biggest mistakes in the crypto world was trusting a so called "crypto expert" and following his tips blindly, without taking the time to do any research on the coins he was shilling me. It all went well for a while till all the progress was wiped out in days. Learned a lot in the past years from my mistakes but it's good from time to time to recall them

This same kind of mistake is not only made by you alone, there are many others who have made this mistake. If you follow such so called experts, your losses will be normal because they will dump their held coins on you, many new traders have lost all their funds.

Due to the activities of these so called experts, many newbies have misconceptions about cryptocurrency.

[reza7777]

Just like you, I don't buy when the price is still worth cents. And for victims of hacks and scams, of course, some people have experienced it, but what many people often experience is selling tokens at a low price but then after a few days the price becomes high, there are others who don't sell when it's high out of greed

[dre1982]

Just like you, I don't buy when the price is still worth cents. And for victims of hacks and scams, of course, some people have experienced it, but what many people often experience is selling tokens at a low price but then after a few days the price becomes high, there are others who don't sell when it's high out of greed

Gladly I never experienced any hacks or something like that. I try to keep my computer as safe as possible.

I also make paper wallets on a offline computer so no one can't get those. 

[sana54210]

Whenever you're a newbie or an experienced veteran, there's always a point in time where you make a mistake in crypto land. After all, nobody is perfect. You might've lost all of your crypto holdings due to being careless, or simply lost an opportunity of a lifetime to grab huge profits. Mistakes happen all of the time, leading us to regret many decisions in the long run.

Probably not keep going with mining I suppose. I remember back in the day I was mining with my computer, this is very very old days when you can mine bitcoin with a laptop, that much back in the day. However when my laptop got a bit too hot, and seemed to act weird, I decided it was time to get a new laptop, it was getting older anyway, and I imagined that was caused by bitcoin mining, which was sort of right because that tired the computer out a lot.

However instead of stopping, if I realized laptops are not meant to mine, and I should get a rig, I would have been pretty rich by now. Obviously back in those days we didn't had these gpu cards and we didn't had these hash rates, I remember a huge litecoin right with only 40 mh/s back in those days, but if I kept going and did my mining, I would have been multi-millionaire by now, even if I sold every single coin I mined, I could have grown it at least.

[flagpara]

Whenever you're a newbie or an experienced veteran, there's always a point in time where you make a mistake in crypto land. After all, nobody is perfect. You might've lost all of your crypto holdings due to being careless, or simply lost an opportunity of a lifetime to grab huge profits. Mistakes happen all of the time, leading us to regret many decisions in the long run.

My biggest mistake in crypto was not having bought Bitcoin in its very beginnings. If I had bought plenty of Bitcoin back then when it was worth cents, I would've been a millionaire today. During my time in crypto land, I've became a victim of scams, hacks, and theft. Sometimes I've missed the opportunity of doubling my investment when an altcoin "pumped" on the market. At least, I've learned a valuable lesson. These past experiences helped me become a better person in the long run.

I'm curious to know: what's the biggest mistake you've made on crypto? Your input will be greatly appreciated. Thank you.

We all make the same and different mistakes. To become a millionaire, you don't have to buy only Bitcoin. Binance coins are enough in the short term. I think I'm a very lazy person. I missed so many legit campaigns where I could become a millionaire easily. Other mistakes were low active in the last bull run market. I'm patient enough, but I don't invest in all campaigns.

[shoreno]

We all make same and different mistake. To become a millionaire, you don't have to buy only Bitcoin. Binance coin is enough in a short term.

i agree on the first part , we all can make same mistake but the second one is , is that an advertisment ? because with so many cryptos with potential why will you think bnb can make you rich .

 let say if we dont make a mistake of not buying coins at an early stage and let say you pick a bnb and i pick a btc with same amount invested for example 100 usd , few years later who do you think earn a huge profit between us ? hmm

[lienfaye]

I became aware of bitcoin existence few years back when the price is very cheap. I didnt know that it can be something big in the future so I didnt buy.

Thats my biggest mistake and up to now when I think about it and seeing the current price, I have this regrets that if only I could turn back time then I can change the decision I made before.

Anyways it already happened thats why now I need to move forward and take advantage the price of bitcoin when there's a correction.