what you worst experience on crypto

[kro55]

In the beginning, I opened an account at Bittrex, at that time I had no idea about cryptocurrency. I normally created an account with a random name and later I deposited some dollars in that account for trading. But after one year, they asked all users to verify the KYC. Since I opened the account with a random name, they didn't accept my real identity to verify the account. They froze my account as I could not provide any KYC for that random name. I had a few thousand dollars deposit there.

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[Fredomago]

bad things happen because new to crypto with no experience and know little, invest straight away. this happened to me a few years ago. I do not divide my finances for urgent situations and for long-term investments. I invested everything and what happened I panicked because the price of Etherum went down and I really needed the money. in the end I had to be prepared to lose $530.

Awts, but the same with your sentiments, that's how most investors losses their money. They just jump right away because of the fomo's and not to educate themselves before doing such actions.

Panic is the worse enemy inside any trading business, if you don't know or if you don't have any ideas with the assets that you are using.

Expect that you'll be shaken once the value falls down. Take your time to investigate and deal with your deeper research, that's how things should be done. Learn from your past mistakes and try to correct it by not doing the same thing over and over.

[kbhutto]

The very sad thing that I did myself at that time was a big and fatal mistake, namely an error in sending 0xxx or wallet addresses when filling out a list of forms to join a signature project, so I lost a lot of coins from my wallet address

[kokrokok]

my worst experience happened some time ago because of losing 0.01 BTC, you can see my previous post https://bitcointalk.org/index.php?topic=5357582.0 and for the second one is not to exit the market at the right time because at that time I was too believe and do not realize the risk

[zachyboy090118]

Here i am going to discussed worst cases. Because lot of people adopting to Crypto space and some getting more and some ended up with nothing.

back 2017 i have no experience and new so some execution not got timely.

My worst experience was Not exit at the correct time. there was a ICO it gave me 10X.  (6500USD) but i did not exit at the correct time so it went for 400usd.

I sent ETH to unknown escrow. 200$ lost. scammers

Not aware of USDT. Its a very bad experience.

Not concern about Technical analysis.


so today i have massive experience so i know how to play the game. Lets share experiences so enrich newbies knowledge.

Cheers

Crypto bad experience when i start particapiting bounties most of them failed to pay via token or if theres a token it goes into shitcoins. Attending bounties is not easy you need to spend time example in signatures, social medias and many more category. Even though you didnt put up any money but spending work and time is the investment.

[Bikan]

Given all the terrible boys around town, my worst situation is simply about the authenticity and for how long. To be on the safe zone, start small today and raise if the yields are good. That is the law of the game to be prosperous!!

It's important to highlight that we learn from the past and strive to avoid repeating them. The unpleasant situations, on the other hand, made one a better bitcoin investor.

Whenever you fail, don't give up easy; instead, continue attempting.Losers would never win, and quitters will never quit. Let's keep moving forward, and eventually we'll strike huge CASH.

[Anonymous100]

Here i am going to discussed worst cases. Because lot of people adopting to Crypto space and some getting more and some ended up with nothing.

back 2017 i have no experience and new so some execution not got timely.

My worst experience was Not exit at the correct time. there was a ICO it gave me 10X.  (6500USD) but i did not exit at the correct time so it went for 400usd.

I sent ETH to unknown escrow. 200$ lost. scammers

Not aware of USDT. Its a very bad experience.

Not concern about Technical analysis.


so today i have massive experience so i know how to play the game. Lets share experiences so enrich newbies knowledge.

Cheers

You only tell about the losses you get due to lack of experience in ICO investment. While you do not share the methods you should do to avoid losses. How can someone get knowledge from the story you write. Many ICO investments in 2017 suffered losses, because most of the projects launched ended in scams. However, in 2021 crypto investments can already be made on an exchange, or what is called an IEO. This means that investors' courage in entrusting their assets to certain exchanges is higher than before. In addition, we can also invest in projects managed by a trusted team and BM, so that the success rate is higher.

[Tessnik]

My worst experience is selling off my hex coins thinking it is one of the many shits coins in my portfolio only for it to be worth a fortune now. I bought 30,000 hex tokens through the pre-sale stage and at the beginning, the coin was underperforming so I decide to sell them off when the price reached 0.005 cents and in a year now hex coin is presently selling for 0.45 this thought me a big lesson.

[cryptobrzy]

I think my worst experience was back in 2018 I mistakenly sent $1600 bitcoin to a wrong address…. Was a really long week …. I was supposed to send bitcoin to a newbie and I thought i had explained well enough, only for him to send me a wrong wallet address but thankfully it was on coinomi and the admin helped get the bitcoin back

[mdzahed134]

I have such experienced lose ETH in giveaway event when i don’t know that event was FAKE. But when i didn’t get my reward meanwhile i realised i got scam. And in my newbie position i lose USDT in a few exchange because i hold in the exchange and end of the day exit SCAM.

[bryant.coleman]

There can be nothing worse than losing your coins in a scam project. And in my case that happened in 2013, when I had dozens of BTC in my wallet. Lost around 60% of the total holdings to the scam. Back then I was relatively new to cryptocurrency and trusted a few guys who were not trustworthy. And as a result I am still forced to continue with my full-time job. If I had all those coins, then in all probability I would have retired from my full time job and purchased a private island along with a couple of luxury yachts.

[TribalBob]

The worst experience I had in crypto was when my cellphone died completely where my cellphone stored the private key of my eos wallet, I lost quite a lot of money for me because that was my savings from the bounty results using the eos wallet, this taught me a lesson in the future by saving PK all my wallets in 3 places, I even print them so they don't lose again

[Xampeuu]

The worst experience I had in crypto was when my cellphone died completely where my cellphone stored the private key of my eos wallet, I lost quite a lot of money for me because that was my savings from the bounty results using the eos wallet, this taught me a lesson in the future by saving PK all my wallets in 3 places, I even print them so they don't lose again

this is also an experience for me to back up all important files. then if there is a disturbance like yours later we will not lose all the assets owned. different from you, I had a bad experience, at the beginning of the year I sold ethereum from the bounty savings, because after that the price soared to this day and if I exchanged it now, maybe I have made a lot of profit

[Fakhrulenclix]

almost everyone has experienced bad things especially for beginners, in my opinion it is very reasonable and after that there will be a lot of good learning for the future. My worst experience in the past was when I saw the market price all the time causing panic when my assets continued to fall until I often did stupid things with stop losses until I finally regretted it. because of that bad thing I'm currently learning a lot and getting better at trading.

[mulia sabee]

My worst experience is forgot my private key and json file and stupid me i don't back up my important file in email. But after this case, i becoming be more carefull about all of my investment stuff.

[Japinat]

My worst experience is forgot my private key and json file and stupid me i don't back up my important file in email. But after this case, i becoming be more carefull about all of my investment stuff.

Was it a MEW wallet? Lol, same experience but it did not hurt me a lot since I don't have a decent amount in the certain wallet. But good to hear that you learn from your experience, we just have to be more careful next time as we are dealing with money here. I never thought of sending it to an email, that sounds safe but the json file only, now the private key or password.

[seleme]

The worst-case was to lose seed written recovery paper on another country that I visited for few days. Later I had to transfer the coins to another cold storage and restore the first one. Imagine someone found it and spend my hard-earned coin in a few minutes, so scary..

In the beginning, I opened an account at Bittrex, at that time I had no idea about cryptocurrency. I normally created an account with a random name and later I deposited some dollars in that account for trading. But after one year, they asked all users to verify the KYC. Since I opened the account with a random name, they didn't accept my real identity to verify the account. They froze my account as I could not provide any KYC for that random name. I had a few thousand dollars deposit there.

Damn, a similar experience has happened on my trading journey too. Opening a random account on some weird exchange to trade small volume tokens and they kept asking the personal documents to verify the account. Ofc, I sacrificed my tokens for protecting my personal data, documents. It doesn't worth giving away your personal data just because someone asks to verify an account on an unknown small crypto exchange. Providing data to third parties carries some risks and I don't want to see my documents sold on Dark Web..

[Charles908]

I think that I have been facing so many worst experience in the crypto since I was joining in the crypto. I have passed all.

[xSkylarx]

My worst experience is forgot my private key and json file and stupid me i don't back up my important file in email. But after this case, i becoming be more carefull about all of my investment stuff.

Was it a MEW wallet? Lol, same experience but it did not hurt me a lot since I don't have a decent amount in the certain wallet. But good to hear that you learn from your experience, we just have to be more careful next time as we are dealing with money here. I never thought of sending it to an email, that sounds safe but the json file only, now the private key or password.

That is primarily the issue with using a private key, which MEW does not recommend because you may misplace it or fail to save it. The best is a hardware wallet like trezor, which is very safe, but for those who cannot afford it, we should store it in a safe place, such as having it in your drive in PC, in your email, in your flash drive, and also in Google Keep, which is what I usually do in case I lose one so I still have a backup even though all of my wallets have no money but in case I really need it haha.

[cute nmp]

Within the years I have so many bad experience with crytocurrency but the worst I ever had was selling my one of tokens for only sixty-eight dollars and just after a few weeks the price of what I sold rises to almost four thousand dollars.I highly regretted letting my coins go at that time but It also taught me a lesson of holding coins with great p nootential for a longer period of time.