your worst mistake

[Pokapoka124]

I'm not sure which is worse....forgetting to place stop loss or selling too early just to watch the market pump the next minute. I have had quite an interesting crypto journey. From being a newbie just sitting on the sidelines to being an investor in Bitcoin. I continued in my righteous path of stacking bitcoins for years before delving into alt coins. Of course alts nearly ruined me... Trading was something I wanted to do so I got paid for crypto courses and learnt as much as I could. I remember making my first profit, the feeling was incredible and I also remember my first loss. It was a big blow! So yes worst mistake would be selling too early

[1714802359]

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[1714802359]

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[Ridwan Fauzi]

My worst mistake about trading was I trade without knowledge. That is the first time when I get interest to trade, I just focus to thinking that trading can be made as a source income so I don't need to work in my real live so as I decided to resign in my work and focus on trading crypto, that is the worst decision that I ever made.

I just spend a lot of money and trading future market with using high leverage. And yeah, it just tricked me and cost me a lot of money. At that time, I had $100 left and made me think hard about getting the money I spent back. I learn about trading strategy and I bought some trading books and you know what that really work to me. I can stand until now with $100 that I had even I can get my money back.

[traderethereum]

My worst trading mistake is not selling when the price reaches the highest price instead of still holding and wait for the other highest price.
At that time, I do not know that the price can go down anytime and hard to increase again, so I decided to hold it for more.
After hold for a month, I realize that I miss the best time to sell the coin and regret it and it took some time for me to realize my mistake.
I am trying to figure out my mistake and I finally realize that when the price can reach double or triple the price than the first time I bought it, I can sell it right away without waiting for the other highest price because that will not always happen.

[Danslip]

My worst nightmare was to send Minexcoins to BTC address, that transaction has cost me around $7000. After countless discussions with exchange support, they didn't help me at all. Regarding trading mistakes, I have not used take profit on BNB and it has crashed after hitting my potential target which I thought I was going to sell at that price level. The last one cost me $2000 too back to last year.

[target]

My worst nightmare was to send Minexcoins to BTC address, that transaction has cost me around $7000. After countless discussions with exchange support, they didn't help me at all. Regarding trading mistakes, I have not used take profit on BNB and it has crashed after hitting my potential target which I thought I was going to sell at that price level. The last one cost me $2000 too back to last year.

That's odd that Minexcoin send to BTC address go through. $7K is a huge amount, you should also mention the exchange to warn others here. I've also done a similar mistake before and it's really a miserable feeling that support won't do anything. A token sent to an address owned by a local exchange that doesn't support an ERC20 token, its worth more than $2000.

Minexcoin turned out to be scam in the end.

[kram31]

I am a newbie on this forum. My main focus is trading ( crypto) I have been trading for a couple years. Just curious to ask a question : what was your worst mistake ( in the very beginning, 1st year).
Would be happy to read about your experience !

Everybody can make a mistakes here in the forum dude if you do trade in the any of the exchange platform site.
Just like me I did a lot of mistakes in trading but it never push me to stop doing it honestly speaking. Instead, I keep on doing it
only thing is that I never repeat the wrong methods that I have done it before of course. And this mistakes is desiring more profit even I
know that I have earned already in trading activity.

[Danslip]

My worst nightmare was to send Minexcoins to BTC address, that transaction has cost me around $7000. After countless discussions with exchange support, they didn't help me at all. Regarding trading mistakes, I have not used take profit on BNB and it has crashed after hitting my potential target which I thought I was going to sell at that price level. The last one cost me $2000 too back to last year.

That's odd that Minexcoin send to BTC address go through. $7K is a huge amount, you should also mention the exchange to warn others here. I've also done a similar mistake before and it's really a miserable feeling that support won't do anything. A token sent to an address owned by a local exchange that doesn't support an ERC20 token, its worth more than $2000.

Minexcoin turned out to be scam in the end.

Minexcoin CEO(Borish Shulaev) made a big mistake first but later he refunded all investors AFAIK. I have done this mistake on Livecoin exchange and there is no reason to warn other traders because it was my own mistake not to double-check the receiving address or coin before clicking send button.  Similar mistakes cost thousands to other investors as well but mostly it is our mistakes, not the other parties.

I am a newbie on this forum. My main focus is trading ( crypto) I have been trading for a couple years. Just curious to ask a question : what was your worst mistake ( in the very beginning, 1st year).
Would be happy to read about your experience !

Everybody can make a mistakes here in the forum dude if you do trade in the any of the exchange platform site.
Just like me I did a lot of mistakes in trading but it never push me to stop doing it honestly speaking. Instead, I keep on doing it
only thing is that I never repeat the wrong methods that I have done it before of course. And this mistakes is desiring more profit even I
know that I have earned already in trading activity.

Many traders prefer to jump into the market before learning it, so it is normal to make so many mistakes. The urge to deposit and cover the margin call can beat any adrenaline if the market pumps hard and you have no choice except to add more BTC to the margin. The experienced peeps can explain it better, it is just a cat-mouse game.

[Ultegra134]

I've had plenty of mistakes throughout the past, the worst one is spending some BTC I had from 2015-2016, it wasn't a large amount back then, approximately $100-150, some of which was acquired by faucets. The average payout would be 1000-1500 Satoshi. However, it's something that I don't regret, it was years ago, and I couldn't have known.

The one I regret the most however, is selling BTC in December, at roughly 25,000 Euros, if I hadn't reacted so irrationally, I would have sold at a higher price.

[Fredomago]

what was your worst mistake ( in the very beginning, 1st year).

The worst mistake I made was holding some coins that become shitcoins. Especially my earning in bounties few years ago, it had some value before but now it's equivalent to nothing.

A lots of shitcoins happened few years back, some got value back then after being listed but the developers abadoned the project and
ends up nothing.

Those who holds and wait for more developments just wasted the opportunities, lesson learned from that, if there's no real usages then
there's nothing to wait with such kind of token/coin.

Do your DYOR as always there's no sure thing inside this sphere so come and live as it is.

[Johnyz]

My worst trading mistake was when I sold my Bitcoin and trade it for shitcoins, that’s the time I almost lose all my holdings. I’ve learn a lot from my trading activities and I believe the moment you make mistakes, that’s the time for you to learn at an expensive way. Use that mistakes to guide you on your next trading activities, always be responsible on every trades.

[Kelvinid]

I am a newbie on this forum. My main focus is trading ( crypto) I have been trading for a couple years. Just curious to ask a question : what was your worst mistake ( in the very beginning, 1st year).
Would be happy to read about your experience !

I come in trading during the hypes, yeah, the profit is good as the bullish continues but as the market changes its direction and turns to bearish, it all had to start badly.

Now I realize that it is very important to analyze the market carefully and that is very important to know how to read candlestick, I'd never use that before because I was confident that the rally will continue but unfortunately, we can't predict the market. That sometimes our confidence kills us.

[Ultegra134]

what was your worst mistake ( in the very beginning, 1st year).

The worst mistake I made was holding some coins that become shitcoins. Especially my earning in bounties few years ago, it had some value before but now it's equivalent to nothing.

A lots of shitcoins happened few years back, some got value back then after being listed but the developers abadoned the project and
ends up nothing.

Those who holds and wait for more developments just wasted the opportunities, lesson learned from that, if there's no real usages then
there's nothing to wait with such kind of token/coin.

Do your DYOR as always there's no sure thing inside this sphere so come and live as it is.

I also remember mining Garlicoin at some point, I don't even remember the reason I did it in the first place. Found the wallet recently containing quite a few coins, which are now completely worthless.

What you have mentioned is absolutely true in my case. These coins used to be worth $2-$3 at some point, I'm not sure on why I kept them, I'd guess that I've completely forgotten about that wallet.

[sr32703]

I already did a biggest mistake in 2021. I have 150m kick coin but i sold it only 1500$ value but after a week those coin value has touched  30k usd. And i am in a fix so i have a little suggestion to all crypto never gives us losses if you have much patience you will get much profit  that you can't imagine.

[Kittygalore]

I am fairly new yet in hodling bitcoin let alone trading, so I can still count the mistakes I have done. One that stands out is that I have around 0.01 bitcoin in 2020 and I didn't wait for the prices to go up and I could've made a big amount if I just steadily hodl but here I am accumulating again.

[Dewi Aries]

Keep getting FOMO, at my first year of trading there are a pumper site (i forget what is the name) but they like pick a coin and then when the coin's name appear then it can get pumped a lot. I always late to follow and then buy ask order. I got high price when bought and then pump is already over. And it keep happens and then i decide to not follow it.

[xmonkeyx]

almost everyone has mistakes but it is all a very valuable lesson. smart people will learn from their previous mistakes. panic sell is a mistake that I once regretted. but because of that mistake now I am changing and more observant in looking to take advantage of trading.

[$crypto$]

There were a lot of mistakes at the start of trading I think this is a lot where we might follow the FOMO which we often see and the hype also includes seeing some coins increasing in the near future and it makes me buy abstinence, well there will definitely experience deep badness. I think it is not so forgotten that when the bearish arrived and the market continued to be red a lot of losses were made which resulted in disoriented market analysis so this is very important for now.

Don't be tempted by Hype or new projects, look at market conditions, especially if you are new to crypto trading, of course this will experience big things in trading, so in essence, do the most important research.

[Mamun74]

I have an one mistake. When I'm starting to trade then i didn’t have good experience about trading. I buy token and long term hold but Couldn't make good profit due to being too late. Coz The price of token has come down a lot.So i think, at first you need to trading signal and also need to good experience for trading.

[carlisle1]

almost everyone has mistakes but it is all a very valuable lesson. smart people will learn from their previous mistakes. panic sell is a mistake that I once regretted. but because of that mistake now I am changing and more observant in looking to take advantage of trading.

Most of us if not all have that same sentiments, panic selling or sell too early then see the huge pumped happened to our assets,

We have to  accept that and regrets should be for a while then after we do need to move forward and make sure that we will not do
the same mistake again.

I have an one mistake. When I'm starting to trade then i didn’t have good experience about trading. I buy token and long term hold but Couldn't make good profit due to being too late. Coz The price of token has come down a lot's i think, at first you need to trading signal and also need to good experience for trading.

After that experienced, for sure we will be able to practice a much better way before taking our steps again, trading should be studied first

before engaging and invest in your money.

[BitTraderCute]

doesnt set stop loss and let minus running in my trades be worst mistake that i ever made.  only in few hours all many almost gone due mistake in single trade. so dont repeate this mistake on your trade and focus with your profit or stop loss target. beside of this dont trade while you have any skill, prepare our knowledge and mental will be better for the last result.