Share your costly lesson about cryptocurrency..

[The Cryptovator]

As the title says, please share your costly lesson about cryptocurrency. So others users could take a lesson from your story and they would get the advantage of it without losing anything.

When we learn a lesson, most of the time we lose something. And there are a few losing stories where we lost a lot and that's the reason why I consider this kind of lesson ad a costly lesson. I had shared previously my story, I will just remind it shortly.

In 2017 I had almost 1.5BTC and I hadn't sold even Bitcoin was around $19K above. So we know the Bitcoin dump story. Since Bitcoin was dumped too much I wondered to increase portfolio by trading or holding alts. So I just choose a few shitcoin. Some of them were delisted from the exchange, so I moved all-in single shitcoin. Sadly that's shitcoin is totally useless. Perhaps it's worth $1K in the current market. So it was a costly lesson for me. Don't choose a shitcoin for investing purposes. Just invest in Bitcoin and hold it. You will never regret it at all.

What is your costly lesson?

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[Beparanf]

Placing a x100 leverage on Bitcoin worth 0.5BTC and loss it in just a minute. I'm new on leverage trading that time and I never thought that there is only a small margin for liquidation from my entry price. After that, I never do high leverage trading and set my maximum leverage to x5.  

[GeorgeJohn]

From my views concerning cryptocurrencies is that no matter how dumped is bitcoin it's more preferable than shitcoin in terms of investment because any other coin can lost values or die off without hesitation but bitcoin can't die off but can only depreciates in values,i know that what always make people to adventure or go into shitcoin is because they are diversify, it's now i understand that even holding bitcoin for long period is even more better than investing in any other coin because definitely bitcoin will always appreciate in value.

[pooya87]

Having coins on exchanges that could change their rules overnight without prior warnings!

Back in 2017 I was trading on Bittrex so I had some balance there which I believe could come to half a bitcoin. My account was not verified and they have explicitly assured me that there is not going to be any issue in the future with lack of verification or with my location.
One day I woke up and saw my account is downgraded to basic, the withdrawal is limited to a tiny amount and IP address is blocked. Essentially they stole my money (and thousands of other users) overnight.

Binance is doing a similar thing these days but at least they gave a period of transition where you could still withdraw your coins with the old (higher) withdrawal limit before the new rule was enforced.

[Oshosondy]

What is your costly lesson?

I trade! Yes I trade. This cost me to lose almost all the bitcoin I worked for. I first started with day trading, I will gain but later lose, I had to stop for a while, I learn margin and future trading where most of the losses were. The first I tried was 10x margin but later tried 125x margin for bitcoin. I started when bitcoin was $15000, I had $2400 worth of bitcoin during the time. Supposing I hold bitcoin, it would have worth $7200 by now, but I lost all to high margin future trading. Trading is very risky, if someone will like to trade, the person should just use the amount he can afford to lose because trading is very risky. I was also a gambling addict before, but that gone now, I can perfectly control myself and have fun and hold my crypto holdings tight.

[Bttzed03]

1. Leaving some of my funds on CEX and not visiting them for a long time. Some coins were delisted in one exchange and I wasn't able to withdraw on time. I also had some balance on two exchanges that shutdown because of bankruptcy and hacking. In others, my account was simply deleted maybe due to inactivity.

2. Holding on too long to altcoins because I was greedy and thought they would still go up in value.

[Bazley]

I bought meme coins in pancake, and I made a profit at the beginning, but the pool was withdrawn. I decided not to buy meme coins anymore.

[UserU]

Having coins on exchanges that could change their rules overnight without prior warnings!

Back in 2017 I was trading on Bittrex so I had some balance there which I believe could come to half a bitcoin. My account was not verified and they have explicitly assured me that there is not going to be any issue in the future with lack of verification or with my location.
One day I woke up and saw my account is downgraded to basic, the withdrawal is limited to a tiny amount and IP address is blocked. Essentially they stole my money (and thousands of other users) overnight.

I thought it was a scam but Bittrex is still running. If you were to verify your account currently via an appeal, would that change anything?

[cheezcarls]

Yes this was a very interesting topic, and I would like to share mine.

One of my mistakes back then was not believing on Bitcoin going back to $20,000+ in mid-December of 2020. I’ve grown impatient and converted them to USDT right away. Days later, BTC surged quickly to $20k+ and then $30k, up to $60k+, in which I never converted my USDT back to Bitcoin again fearing that it would collapse quickly due to parabolic-type growth. I had nothing but regrets because of fear.

Another one of my mistakes is that I am too much hyped of the meme and shitcoins without doing my own research. As a result, I’ve lost more than $3k+ worth in value because of being too greedy and not taking profit when I am profiting. Another lesson learned as well. I’ve accepted the losses and moved on, and may never buy meme or shitcoins again.

[Rikafip]

Back in 2017 I had a crash course on Internet/bitcoin wallet security that was quite expensive and almost made me quiet crypto all together. Then again, the way I didn't pay much attention to security it was bound to happen so better if it happened when I had 0.1 BTC instead later. Instead writing it all over again, here is a quite from that bitcointalk interview series.

As many other noobs, I lost a lot while investing in various altcoins but the one that hurt the most was when I lost almost everything I had due phishing. I still feel stupid every time I remember that, but I learned few things from that loss and maybe some other noob reading this won't repeat my mistakes.

So, few days before Christmas 2017 (iirc it was 23.12) I was waiting for some BTC so I opened blockchain wallet. It was quite a shock to say the least when I saw that instead of 0.1 BTC my balance was 0. Completely confused I am sending the message to friend, asking can he check my address, but of course only thing he could do is confirm that my BTC is indeed gone. Upon checking the address where my BTC went I saw quiet a lot of BTC, and new one kept coming, making me believe it was a work of an experienced scammer.

Mistake I did? Earlier that day for some stupid reason I typed "blockchain.info" into Google instead having it bookmarked, leading me to a phishing page. After few sleepless nights during which I seriously considered to get rid off crypto I had left ( beside BTC I had a little bit of ETH ) and simply forget about all this. But then I said to myself "fuck it, shit happens, move on" and I did. Next day I ordered hardware wallet and here I am still.

That experience is the main reason why I am active in scambusting as I felt how it is to loose basically everything due my own negligence and stupidity.

[tranthidung]

Binance is doing a similar thing these days but at least they gave a period of transition where you could still withdraw your coins with the old (higher) withdrawal limit before the new rule was enforced.

They don't.

They apply a bad rule. You can witdraw your coins if you did not set any order with those coins before. Because, you can not cancel your orders if you are not verified. To withdraw, your coins must be canceled. How many people leave their coins on exchanges but don't set up sell orders?

Updates to Binance Services

Effective immediately, all new users are required to complete Intermediate Verification to access Binance products and service offerings, including cryptocurrency deposits, trades and withdrawals.

Existing users who have not yet completed Intermediate Verification will have their account permissions temporarily changed to “Withdraw Only”, with services limited to withdrawal, order cancellation, position close, and redemption.

[Accardo]

I just went through my bitcoin transactions and figured out how much 20 dollars worth of bitcoin I sold repeatedly in 2018 is worth today. If I held them I would have been worth over 20k in USD but I just learnt the lesson to have a business that will generate fiat currency for me such that I will not have to sell a single Satoshi anymore in the future. Building the business already

[pawanjain]

Three mistakes of my crypto life

1. Joining Pump and Dump
    This was back in 2016-2017 when I was just beginning to learn to trade. I got hyped up and joined these pump and dump groups.
    Obviously I lost a lot of money in it because we can't make money in pump and dumps. As soon as we get in the coin gets dumped.

2. Bitconnnnnnnect
    Yeah I know. I shouldn't have invested in it. Greed makes you blind.
    Investing in such ponzi schemes would lead to a loss and that is what I learnt from investing in it.
    But fortunately the amount I invested wasn't much but good enough to learn such a lesson.

3. Trading on emotions
    This is very recent. I traded a coin and lost half of my portfolio in it because I was trading in FOMO.
    I think I am not that good of a trader and should probably just HODL.

[Pokapoka124]

I sold too early! I sold 0.1 btc @ $1000 in January 2020 to start up a  business. Few months later covid hit, we were forced to close down all businesses effective from the lockdown policy. My business suffered during this period and when businesses were allowed to reopen I had  lost half of my goods. Whats worse I had to watch bitcoin pump to $60k ...0.1btc is now worth $4700.

[QueenVera]

My costliest mistakes in cryptocurrency has been from trading which is why I spend time trying to advice those that are in that field. Trading is not gambling, the newbies coming into that field have to understand this. I misunderstood the market before now and it cost me alot which made me depressed but I am all good now as I began wining again. I wrote some advise on my posts and it'll be helpful for those wanting to be traders, 

• Reasons why they get it all wrong when trading
• Understanding how the market tricks you and how to prepare against such tricks.

When I started trading, I did most of guess works based on previous records of the coins I was about trading and it worked out for me so I continued until I lost both my capital and profit. It was then I realized I was doing it all wrong and had to spend money on my learning process. Many people are still making similar mistakes and if they are not advised they will end up regretting. My lost was $500 capital, the profits, that I can not recall but I did not keep track after I lost them all.

[UserU]

Three mistakes of my crypto life

1. Joining Pump and Dump
    This was back in 2016-2017 when I was just beginning to learn to trade. I got hyped up and joined these pump and dump groups.
    Obviously I lost a lot of money in it because we can't make money in pump and dumps. As soon as we get in the coin gets dumped.

2. Bitconnnnnnnect
    Yeah I know. I shouldn't have invested in it. Greed makes you blind.
    Investing in such ponzi schemes would lead to a loss and that is what I learnt from investing in it.
    But fortunately the amount I invested wasn't much but good enough to learn such a lesson.

3. Trading on emotions
    This is very recent. I traded a coin and lost half of my portfolio in it because I was trading in FOMO.
    I think I am not that good of a trader and should probably just HODL.

You're the first guy I see here to invest in Bitconnect. How much did you lose?

[sapnu]

As the title says, please share your costly lesson about cryptocurrency. So others users could take a lesson from your story and they would get the advantage of it without losing anything.

When we learn a lesson, most of the time we lose something. And there are a few losing stories where we lost a lot and that's the reason why I consider this kind of lesson ad a costly lesson. I had shared previously my story, I will just remind it shortly.

In 2017 I had almost 1.5BTC and I hadn't sold even Bitcoin was around $19K above. So we know the Bitcoin dump story. Since Bitcoin was dumped too much I wondered to increase portfolio by trading or holding alts. So I just choose a few shitcoin. Some of them were delisted from the exchange, so I moved all-in single shitcoin. Sadly that's shitcoin is totally useless. Perhaps it's worth $1K in the current market. So it was a costly lesson for me. Don't choose a shitcoin for investing purposes. Just invest in Bitcoin and hold it. You will never regret it at all.

What is your costly lesson?

One of my unfortunate decision with crypto occured during the 2018 dump. I was too hopeful that the value of bitcoin will still be revived until years passed by and it hasn't. I was forced to sell at a low value without knowing that a bull run is about to happen as the pandemic covers the whole world. Regrets, mistakes, that's what teaches us to make better decisions specially with regards to crypto. We now learned how essential holding can be and how wealthy you could've been if only you knew how to wait patiently. Nevertheless, regardless of all those regrets, make sure always you learn a lesson from it so that you wouldn't be committing the same mistake anymore.

[nakamura12]

My mistake on crypto is not having a good patience for holding my crypto then I would have earn profit having 4 eth at 200+ dollars that time and it would have been a great profit. I also have some tokens on exchange storing it there and I never got a chance to withdraw it all as the total amount of altcoin I have is now less than the amount needed to pay for the fee. Everyone who said, do not store your crypro on exchanges is a bad idea and it made me realise that.

[Coyster]

My costly mistake was in my burgeoning/beginning years as a crypto user, I erroneously believed bitcoin was a get rich quick thing and thus it led me to invest far more than I could afford to lose, or rather, practically almost all of my funds, I actually did invest with money meant for solving RL issues, believing the price of btc was going to appreciate so much in few weeks, while I make large ROI. Sadly that was not to be the case, as the price of Bitcoin plummeted at that very point in time.

Having said it, I was somewhat stranded since I had invested more than I could afford to lose and even money meant to handle matters in real life relating to my schooling, it was a pretty difficult time for me then, as I had to source other means of raising them money needed since I couldn't sell as I was already in a loss. Thus the costly lesson here for newbies is to "invest only what you can afford to lose" and that you should not invest with money that you actually need to solve one problem or the other in RL.

[BIT-BENDER]

Not my mistakes but a mistake from someone close
+Exchanging Bitcoin for fiat: my friend actually got scammed of over $10,000 from p2p exchange of Bitcoin to fiat, he was peered with this fraudster of cause he doesn't know this person off- exchange but this fellow claimed to be interested in his offer to sell $10,000 it was actually in my local currency but for clarity sake I will use the dollar, the fraudster claimed to have sent the Fiat to my friends details of which he got an alert for and released the Bitcoin to this fraudster.  but when he checked his account, there was no funds, at that point my friend knew he was scammed, this was horrific for him and made him leave crypto-currency, I have learnt from my friend mistakes to always check you bank account or crypto-currency wallet to confirm before releasing funds or crypto-currency respectively.

[CrossroadBTC]

In 2017 I spent most of my efforts on new altcoins only, I don't even bother to look into top 10 or top 20 coins, I just want me a new BTC and ETH, on the long run many of these new altcoins turned scam and some changed smart contract address making the tokens I hold turn useless, only 5% survived out of 100

[Rengga Jati]

- Forgetting that I had token in Livecoin, leaving it for almost a year. And when I back to that shit exchange, it was closed, and no more chance to get the asset recovery.  That was APOD token, and I don't know whether it is worthy or not right now. But at that time, the price was good enough
I- Getting my laptop broken and should reinstall it, I also forgot to back up one of my desktop verto wallets and it was gone again. I tried to enter the password and also other information but it didn't work. I gave up.

hopefully, those are my last costly lessons.

Ah I see, I was learning future trading on Binance at first at that time a year ago.
I even didn't know about setting a stop loss at that time or doing hedge mode.
The price dropped and dropped again until it was liquidated and I lost all amount of capital in that future account. I know it was not a big amount, no more than 200$, but it is a worthy lesson that we don't even do such risky thing if we still don't know enough about it.

[sheenshane]

As early comments on this thread, it is related to trading which is all of us was experienced.

Days back when I was a newbie in trading, I was curious about trading and how to earn it, I thought that was so easy to gain profit but the fact is not.
Purchasing a lot of shit altcoins and hoping it will grow but unfortunately, it becomes totally shitcoin that doesn't have value and some are delisted in the market, it goes the same as the OP story.  And after that, I stopped trading and was better to hold for a long term, and sometimes doing spot trading is much better.

The costly lesson, don't enter the trading world if you don't have knowledge.

Another, when I was a newbie I'm searching for a Token wallet since I'm joining the bounty campaign before, unfortunately, I found a Bitcoin wallet namely Freewallet.org.  I never thought that I will encounter a problem in the future and until now.

As always, be knowledgeable enough in crypto and you will be fine.

[suzanne5223]

From my views concerning cryptocurrencies is that no matter how dumped is bitcoin it's more preferable than shitcoin in terms of investment because any other coin can lost values or die off without hesitation but bitcoin can't die off but can only depreciates in values,

Agreed but if you're more a cryptocurrency trader than an investor or enthusiast, during altcoin season when many traders are making a huge profit you'll also make the decision of trading your Bitcoin to altcoin for some quick profit.
Crypto market will teach us a lesson somehow and what's important is to learn from the mistake will make.
My own costly mistake is investing in a Roi investment site, the site shut down, and the owner decided to pay people with a shitcoin.

[Luffygroove]

Back in 2018, I invested in a new project called Rebellious that was so hyped and got an un-anonymous team. The team seems solid and passionate about the project. They reached their ATH, but as a newbie, at that time I think the price could be higher considering the good project and the team. I have confidence that it would blow up shortly. Apparently, in the middle of the way, they changed their direction and decided to be an exchanger. Me, as blindly as it is, still have a faith that it would have a happy ending and supported them all the way. Foolish me, it ended badly. They run of funds and decided to stop all of their activity. While me, I lost my assets. What a hard way to learn a lesson.

[Mpamaegbu]

My costliest mistake, I hope it stays that way anyway because it still hurts till date more than three years down the line. If another mistake takes the cake from it, that will be a double jeopardy for me. It was in 2017 during the lending coins rave, I had sold all my 270 BNB and bought Regalcoin (I hope the devs will have diarrhoea for scamming unsuspecting public 🙄). $600 went into that investment and that was how the cash disappeared into thin air. Whenever I look at the price of BNB I feel like hitting myself double in the head.

[isaac_clarke22]

~

Days back when I was a newbie in trading, I was curious about trading and how to earn it, I thought that was so easy to gain profit but the fact is not.
Purchasing a lot of shit altcoins and hoping it will grow but unfortunately, it becomes totally shitcoin that doesn't have value and some are delisted in the market, it goes the same as the OP story.  And after that, I stopped trading and was better to hold for a long term, and sometimes doing spot trading is much better.
~

Kind of similar actually to my experience back in my day trading experience. I was really enthusiastic about getting into the other side of hodling which is trading. I learned this basic ways of how to day trade in Binance in Youtube through some Youtuber called cryptojack, pretty sure that the video is not available anymore for some reason but the channel was still intact.

So I bought these coins that was shown in the video, but turns out that I did not realize that I was purchasing shitcoins like you did and yo, I did the same too. I just quitted it and never did it again. Just went for long-term hodling. As it turns out, I need more time than that whole week to learn the basics of day trading and the first day was quite even stressful enough for me considering that I have a job off-crypto.

I manage to still learn some though. I was able to get a touch of some indicators like RSI and Bollinger Band as that was taught in the video.
I thought I was alone experiencing this kind of encounter as I taught I really messed up in my decision turns out I am good.

[pooya87]

I thought it was a scam but Bittrex is still running. If you were to verify your account currently via an appeal, would that change anything?

I don't know because my privacy is worth a lot more than the amount of coins they stole from me so I'm not going to check.

They don't.

Well, I did cancel an existing order, set a new one and then withdrew a big amount (bigger than the new 0.06BTC limit) a couple of days after I received the warning Email.

[aysg76]

We all have some past history in crypto market that could cost us more than we can afford but they come up with lessons to aware us in the future and be safe if come up to face the similar situations.It was back few years when i was not familiar with the crypto market and invested in some coins on someone's advice (shitcoin) and participated in some Bounty campaign back then and all the coins i was holding were altcoins and biggest mistake was not to convert them into bitcoin and was holding shitcoins only and was also not aware of the term and then 2017 Market crash taught me not to make such worse moves in crypto market.I lost all my coins or say funds and they never increase after that till date and i sold them at very cheap prices.

Lesson: When you learn and explore the crypto market and have technical knowledge of the market you come to know holding bitcoin is the only best option for you and your future.But never invest in shitcoins because they are going to give you hopes only like our government and will not serve any utility and funds will be lost.

[CryptocurencyKing]

Not my mistakes but a mistake from someone close
+Exchanging Bitcoin for fiat: my friend actually got scammed of over $10,000 from p2p exchange of Bitcoin to fiat, he was peered with this fraudster of cause he doesn't know this person off- exchange but this fellow claimed to be interested in his offer to sell $10,000 it was actually in my local currency but for clarity sake I will use the dollar, the fraudster claimed to have sent the Fiat to my friends details of which he got an alert for and released the Bitcoin to this fraudster.  but when he checked his account, there was no funds, at that point my friend knew he was scammed, this was horrific for him and made him leave crypto-currency, I have learnt from my friend mistakes to always check you bank account or crypto-currency wallet to confirm before releasing funds or crypto-currency respectively.

The crypto field calls for some sort of alertness over everything. In case of transacting, verification is key to confirmation  of a transaction to have actually being done. There is no trust or proof of trust anywhere even after several transacting as our words is all we could hang on to and using previous successful transactions could always be a game plan to getting the bigger catch at funds. Funny enough, it would take you Almost nothing, just few minutes to verify a transaction.

I have had transactions on a p2p exchange where immediately the scammer noticed some error in the transaction, he or she immediately posted a proof of payment to stale the trade mean while play a game of actually buying time from both myself and the exchange to warrant an automatic release or with the hope that you release based on trust. In cases like this, I do ensure to look out for the errors in the proof of payment. I dojnt know how they do it but, the timing is often similar but a close look at the transaction details, your sure to spot some errors. Look at the amount, the sender and receiver details and even if they should be correct, until you get an alert that increases your balance, together with a transaction ID, never release payment. I won't do that, never, neither would I fail to put the transaction under dispute and expose my spotted errors to the exchange in use while, requesting for a true proof and to ensure it complies with my verification process.

[decodx]

"Stay away from all shitcoins, they're bad for your mental health!"
This has proven to be the most costly lesson I've learned so far.

[qwertyup23]

Well it's not really costly but a missed opportunity.

When I first joined this forum last 2017, every opportunity that my campaign pays me, I cash it out and spend it for my school materials. Though it helped me with my education as it provided materials, the missed opportunity of saving all the campaign funds that I earned is what bothers me. I checked my blockchain transaction and I had a total of 1 BTC received. If I just saved all of them, I could have bought my father his dream car!

Nevertheless, this experience taught me a valuable lesson that no other can teach me. Now that I know better, it's better to definitely save your BTCs for the future.

[Shamm]

   My experienced in Cryptocurrencies was ridiculous when that time I wanted to transact a small amount value of mine ,we all know there's a long process before we got the value, so I wanted start transaction so I sign in an after that there's a feedback that incorrect password so I've forgot my account password and I don't have any access to recover my account. So this would be my lesson and learned on keeping my account secured and avoid lossing my phone number to get verify and recover.

[Cornia]

My story is just like OP's. I bought a shit token STU in 2019 for about $200 when ETH was priced at around $130. It was a huge dump right after I bought my STU. As a result, I put a sell order on the HitBTC exchange. A few days later it became delisting from the HitBTC exchange. STU is still on my account. Sometimes I just regret it. So I don't do token trading anymore. I only trade with top coins like BTC, ETH, BNB.
.

[CryptopreneurBrainboss]

When we sing this advice over and over again many think we're just been selfish and don't want them to invest and make profits with the altcoins market but that's not true. My biggest mistake and lost has to do with me trading my Bitcoin for altcoins. It was around early 2020 when the hype of the Defi became so loud that it caught my attention and the intentions was to just doubles my Bitcoin holders then leave the market but it wasn't what the market had in plans for me as It seems like the market just wanted to punish me for letting go of my Bitcoin holding.

I have previously saved over 0.5 BTC between 2019/2020 then the defi crazy hit me and I decided to invest, I want in with a huge fraction hoping to just hit the jackpot (double my holdings) and exit but I got caught up, I entered when the Defi market was experiencing some corrections and I got hit badly, I lost almost $2000 within days (Bitcoin was trading around $10,000 then so my previous holding of 0.5 BTC was worth around $5000). I did some research and confirm I invested in an over hyped project l. I did a thread on it here; [Curve DAO Token] Be careful with this project lost ~0.17BTC ~ $2000 trading it.

I got so angry that I exited the market without second thought and it turned out I exited the market too early as later the Defi hype came back but I'm glad I had that experience as it made my interest in altcoin deprecate heavily and now I hardly get hyped by any trend that comes into the industry. It still regret letting go of those satoshi because in today value that will be worth much.

[Freewallet]

As early comments on this thread, it is related to trading which is all of us was experienced.

Hi,

We often come across your comments here on BTT but, unfortunately, you've never provided any specific details regarding your user experience. Is there any support ticket we can look at?

[Mpamaegbu]

Funny enough, it would take you Almost nothing, just few minutes to verify a transaction.

I have come to take financial transactions the way lawyers handle murder cases with majestic precision and thoroughness. No rush. That way it helps me clear my head. The picture you painted happened to me too. The scammer would've succeeded were I still a noob in this game. The idiot sent me a screenshot of the transaction containing my wallet address, amount and time it was sent. Everything corresponded. It even came with series of confirmations from the blockchain that it had been confirmed. I think it had like 19 confirmation to it or so. But the whole thing was doctored as the transaction was actually not found on the blockchain. I have learnt to rely ONLY on TX id, and not screenshot or anything else. So, I told the seller to send my that link. He tried shouting me down that why would I think he was a scammer. I stood my ground, no emotions in business. That was how he scampered. Even the escrow was shocked.

~snipped

Yes, I remember reading that CRV story and your frustrations with the project of how you lost heavily then. In fact, it was your post that drew my attention to that token. I traded it a while. It's a great project, only that you bought too high.

[projapoti]

I held some tokens in 2017-18 like APPC, FDX, PINCOIN. Which were then worth about $4k.  I am still holding the tokens in the hope of increasing the price. All of which now cost around $10. As they are ERC20 tokens, their transaction fee will be more than the value.

[nakamura12]

I held some tokens in 2017-18 like APPC, FDX, PINCOIN. Which were then worth about $4k.  I am still holding the tokens in the hope of increasing the price. All of which now cost around $10. As they are ERC20 tokens, their transaction fee will be more than the value.

If you have small amount of token then of course the transaction fee amount is more than the value if not then the total amount of fee recovered after selling but the profit as we call it is less. I have tokens called equad and the fee I spent is 3.22 dollars for approving trade on uniswap and the fee to swap is 7.68 dollars worth of eth and the amount sold is 18.75 dollars which is I only got 7.85 dollars after that.  In the past I have sold 1k+ amount of equad which I got 0.01120802494905651Eth and a few days back is I only got 0.005630629261718997 Eth which a total of equad I sold is around 2.6k+ equad tokens. As you can see, the price did increase but I only got $7.85 which the rest is for fee and past transaction is I spend less than that which cost me around 1-3 dollars.

[lovesmayfamilis]

My story is insanely simple. I did not believe it at the moment when it was necessary to accept payment in bitcoins. I was paid my salary in e-currency, but at some point, my boss offered to pay in bitcoins. It was a long time ago. I refused. After a while, by agreeing to such a payment, I could have become decently rich. But as I once realized, big money is not for everyone either. And I probably couldn't have done it at the time.

[examplens]

I think I have gone through most of the expensive lessons if we are talking about cryptocurrencies.
My first lesson, "not your keys, not your coins" is made by ^{it is now a global legend} Mt. Gox.

Something more expensive cost me when I try to help some people with the configuration of some scripts I didn't know or checked it was a malicious ^keylogger. I infected the whole computer, which caused serious problems because it is always on, with all the possible logins I use. It cost me around 7-8 Bitcoins, (one solid part was in altcoin so the value varied a lot).
there I learned that although I have all the keys, it's not enough.

only after all the losses, I buy a hardware wallet

[Nathrixxx]

I've learnt that human needs are insatiable, some thinking to have hold their Bitcoin in their respective wallets years back forgetting that we have needs and wants and the needs are inevitable, I never regret not investing on Bitcoin when it was 15000 dollars back then, but what I do now is to trade and track the market strategy and movement to always hit while the iron is hot.
My costly experience here is getting involved in some fake bounties and unrealistic campaign created by fraudulent groups of people I would have devoted my time, data, and skills on such but later get flagged out red as scam what a pity, pls let's beware of flashy things too exciting to be real as most are fake and fraudulent.

[Rockstarguy]

Some years back I had money which if I should invest into cryptocurrency I would have been very stable by now. But I missed the opportunity due to lack of knowledge and ignorance.
I didn't have any understanding about cryptocurrency. I learnt my lesson not to take things for granted. Seek knowledge to know things to get more understanding and information

[Freewallet]

As early comments on this thread, it is related to trading which is all of us was experienced.

Hello sheenshane

I just wanted to follow up with you regarding the issue you may have with our service. If there is anything we can do for you, please share your ticket number. Thanks in advance!

[aysg76]

My story is insanely simple. I did not believe it at the moment when it was necessary to accept payment in bitcoins. I was paid my salary in e-currency, but at some point, my boss offered to pay in bitcoins. It was a long time ago. I refused. After a while, by agreeing to such a payment, I could have become decently rich. But as I once realized, big money is not for everyone either. And I probably couldn't have done it at the time.

Sometimes we came across many opportunities but if we don't have it our luck we will miss it and later on we can regret it remembering such instances.Something similar happened to me in past when bitcoin was not so famous and i was also not aware of it and one of my friend has given me a marketing project to advertise their company and conducting social media campaigns for them and were ready to pay in any crypto or USD and as i was not familiar with it i choose legal currency to meet my expenses as i need them urgently.It was worth $200 and if i would have taken the same in bitcoin it would have yeild me high returns if hold it.But sooner or later you realise bitcoin is best option you became knowledgeable and mature.But happy now i have it.

[boyptc]

This is a good topic that has a lot of mistakes experienced by everyone.

Well mine isn't bad as what others have said, it is the common mistake anyone, newbie or not that upon selling, you'll have to do it even if the price isn't that high.

So yeah, selling at low.

[Issa56]

I love this topic. One of my costly lessons was when I started trading last year around January trading was going fine but I was having just little amount I was using to trade so I was not satisfied with the profit I was having so after few week's I approached one of my friend for a loan which I promised to pay back after one month, he agreed and borrowed me the money the first coin I bought thing's went well and I sold the coin and then invested in around coin again, I invested in SXP coin on binance which was around 2.7$ after buying the coin bitcon started dumping the coin I bought also which is SXP also started dropping in price gradually all my thinking was that it's going to pump back again in the next few week but SXP dropped till around 0.8$. Which I was very frustrated because I borrowed the money which I invested and it was more than one month already which my friend is already requesting for his money which I borrowed and I promised to payback in the following month. So then bitcoin pumped a little bit and SXP also pumped to 1$ which I sold the coin I bought I knew it was at lost but my friend was already disturbing me for money so I have to sell the coin then look for money again just to balance the depth am having. This happened to me around August-September last year.

Conclusion: my conclusion is that never take a loan or borrow money from anybody to invest in Cryptocurrency is better you start building the little capital you are having than taking a loan because you can't trust any coin  anything can happen at any time. THANKS!!!

[KingsDen]

Costly mistake:
I was in a rail for a transit of some hours. I couldn't charge my phone before the movement because I had a charged powerbank which I normally use during my trip. Unknown to me that after my last trip, I didn't charge the power bank.
So, during the trip, someone called me to enter and buy one altcoin immediately with 100% assurance of x10 move. I didn't bother checking my technical strategy, because I trusted the source. I jumped in with 100% of my portfolio. Immediately my battery became low, I grabbed my power bank and no life, my phone went off.
Not knowing when I was off, the whales entered and manipulated the market.
After the pathetic journey, my portfolio bleeded to death.
Lessons Learnt:
1. Never to enter market without corresponding any given information with my personal strategy.
2. Never to Trade without stop loss.

[Dripstoil]

I have two Bitcoin costly mistakes that I still regret probably up till now. Some time, I just wish I could turn back the clock.

First was refusing to invest $50k in Bitcoin when it was $1 to 1BTC. Then I knew practically nothing about Crypto but someone with the vast knowledge approached me with the investment proposal and plan to hodl for ten years which I turned down.

If I had invested that amount then, perhaps it would have worked in my favour and I'd be a Billionaire by now  

Second was selling my 0.5 BTC at $3,000+ in 2019 just as soon as I got it. If I had waited few more months, I'd have made $20k extra or more.

[Gorosden]

1. I sold 12 ETH for ESH a crap altcoin in 2020 and lost 90% of the money, I should have hold my ETH instead

2. I made 10x from a meme coin this year instead of taking profits I started hoping that 100k per BTC become a reality, greed consumed me whole

3. I promoted a project that worth 1000$ and I failed to sell no knowing that this altcoin is already at its ATH, two days later it lost 70% of its value

[Pmalek]

...but someone with the vast knowledge approached me with the investment proposal and plan to hodl for ten years which I turned down.

If I had invested that amount then, perhaps it would have worked in my favour and I'd be a Billionaire by now  

Someone? It depends on who that someone is. If it's a person you know and trust, it could have been a legitimate proposal. But if the person is unknown, you might have actually saved yourself from losing $50.000 and maybe making that person rich. Investors don't really go around and ask random people to invest together with them.

[yazher]

Mine was when I failed to invest in some known cloud mining site because they are closed as soon as I get some capital to invest, I didn't know that they were preparing to run away with the people's money. so I ignored the event and proceed to some other cloud mining site thinking that I might pull the right and stable one. guess what? after about 2 months, that cloud mining was closed and that was the start of the fall of cloud mining throughout the internet because the truth has been cleared because they are not real, they only using investor's money to pay everyone until they can stock a huge amount of money and they disappeared without a trace. I lost about 0.5 BTC back then but the price was not that high about $200.

[TinaK]

I had different stories of costly lessons that until now I feel regret.
I wasted a lot of bitcoin since then when it was around almost $4k price, it was the second quarter in the year 2017 which is bitcoin started to grow price. I gambled using bitcoin at that time and I bought sometimes 1-2 bitcoin every month or every two months just to deposit on the casino which is I forgot the name of that casino (I think they changed their domain name I didn't find right now).

Maybe 5-10 bitcoins every year that I have lost at that time, if I hold that amount until now I even the richest people here in my country.
I was so addicted at that time to gambling and the reason sometimes I'm trying now to control myself.
The lesson that I've learned, we should keep bitcoin as a valuable asset because from now on bitcoin will continue the price rising up, if we are now in $50k, maybe after 5 years, we are in $500k which is bitcoin is very expensive.

[Trojane]

I felt very bad when this thing happened to me because I already expected something big from the few tbtc I had; I sold this coins when btc price was down, 'bout 15k dolls/ btc and I felt I was at the safer side by doing so after loosing almost half of what I invested.....
It was very sad to see that few months later, btc began to take a walk up to its peak and I saw with my own eyes how I lost coins, I became so cold and since then, I learnt a big lesson never to hurry on any e_market

[Peanutswar]

In the very first place, I just used the strategy of buying when there's a fund it doesn't matter if there's a price pump or dump because I'm a complete newbie as long as I have my coin specifically bitcoin. Then some people say just we need is to know a strategy when to buy and sell. After I have some basic knowledge in trading and market graph one of the most exciting parts of the trading I tried to make leverage over 100x because I saw a good market profit and then unexpected dump comes up and I use cross margin trading which cost most of my funds over $3k and then I made a more research to use with the other tools like the TP, SL and the isolated that time I tried to make an analyzation every mistake.

[Ethan151]

As the name implies BITCOIN, stands for small pieces of metal or money which can easily develop over time.. in 2017 when I was formally introduced to bitcoin i never took it serious but today 2021 the value, respect and popularity it’s amazing, this aspect has brought a lot of changes in various economy, no matter what bitcoin will continue to play an important role as a true gift to man.

[JoyMarsha]

From the people's experience, I have read and gotten from this forum so far. Bitcoin stands as the best coin to ever invest in. Selling bitcoin for another coin will be the worst mistake ever

[Ryker1]

From the people's experience, I have read and gotten from this forum so far. Bitcoin stands as the best coin to ever invest in. Selling bitcoin for another coin will be the worst mistake ever

Well you have a point, many of them have been regretted what they have done earlier. We should trust bitcoin and hold them as long as we can because it truly gives benefit us in the future. Someone asked here in the forum if they are late in investing in bitcoin, NO--it is not too late to invest, if you did not invest yet, you can buy as long as you can that affordable to you.
The same like as what happened to me before when I sold all my Ethereum knowing that it is an altcoin and don't have any guarantee to make a profit, I did not know that ethereum now become expensive and if I did not sell it earlier, maybe I can sell it now and invest in bitcoin. People regret when they saw a better opportunity but in fact, at that time, it's satisfied with their needs.

[ReiMomo]

As the title says, please share your costly lesson about cryptocurrency. So others users could take a lesson from your story and they would get the advantage of it without losing anything.

When we learn a lesson, most of the time we lose something. And there are a few losing stories where we lost a lot and that's the reason why I consider this kind of lesson ad a costly lesson. I had shared previously my story, I will just remind it shortly.

In 2017 I had almost 1.5BTC and I hadn't sold even Bitcoin was around $19K above. So we know the Bitcoin dump story. Since Bitcoin was dumped too much I wondered to increase portfolio by trading or holding alts. So I just choose a few shitcoin. Some of them were delisted from the exchange, so I moved all-in single shitcoin. Sadly that's shitcoin is totally useless. Perhaps it's worth $1K in the current market. So it was a costly lesson for me. Don't choose a shitcoin for investing purposes. Just invest in Bitcoin and hold it. You will never regret it at all.

What is your costly lesson?

I came in here in 2016 and really earned a worth of 0.2 BTC but yes I used them for my expenses then and there and seeing this year's ATH I really thought, what if held the BTC earned. Like wise, I had around 500 BNB, 100K Matic and really sold them at very cheap rates in 2018 but yes for profits. But I learnt later that I should hold long, invest in long term and never sell them off in panic. Now started to accumulate few best coins. The journey brought me confidence in Bitcoin and Crypto currencies.

[Kelvinid]

snipped...

I came in here in 2016 and really earned a worth of 0.2 BTC but yes I used them for my expenses then and there and seeing this year's ATH I really thought, what if held the BTC earned. Like wise, I had around 500 BNB, 100K Matic and really sold them at very cheap rates in 2018 but yes for profits. But I learnt later that I should hold long, invest in long term and never sell them off in panic. Now started to accumulate few best coins. The journey brought me confidence in Bitcoin and Crypto currencies.

We all have the same story when it comes to crypto. As we never think that Bitcoin will even reach $70,000 faster that is why we spend them earlier or even sell them as we are about to think that "what if one day Bitcoin will dump and turn to $0"? We have had that mindset before as we listen to many experts saying it "collapse" but it was very fortunate to see Bitcoin keep on the rally and speedy growing despite the negative thoughts we've heard around.

[decodx]

snipped...

I came in here in 2016 and really earned a worth of 0.2 BTC but yes I used them for my expenses then and there and seeing this year's ATH I really thought, what if held the BTC earned. Like wise, I had around 500 BNB, 100K Matic and really sold them at very cheap rates in 2018 but yes for profits. But I learnt later that I should hold long, invest in long term and never sell them off in panic. Now started to accumulate few best coins. The journey brought me confidence in Bitcoin and Crypto currencies.

We all have the same story when it comes to crypto. As we never think that Bitcoin will even reach $70,000 faster that is why we spend them earlier or even sell them as we are about to think that "what if one day Bitcoin will dump and turn to $0"? We have had that mindset before as we listen to many experts saying it "collapse" but it was very fortunate to see Bitcoin keep on the rally and speedy growing despite the negative thoughts we've heard around.

Yes. The most expensive part of your investment is certainly when you buy it and believe in it. Since you believe in it you will definitely keep on making more money from the price up. This makes the asset more difficult to sell, which I believe makes it all the more profitable to the long term investors. If you are an investor who doesn't believe in Bitcoin or any other crypto asset for that matter, then maybe it is time to think twice.

[Dunamisx]

I invested some times back thinking all investment must make profit not minding the current rate, though I was in serious need then and i have to just sell off not minding if the selling rate is less, upto or more than the amount invested and at the end when the guy that help me sells off I was thrown in surprised that how could the money be this little.

Later he took some time in explaining to me how the operations goes when running on a bull or bear and it took me some time to really grab the scenario then and i further myself to learning online in carrying out research.

My lesson:
Selling at an inappropriate time.

[wtsimis]

After reading all comments, now I'm thinking that my losses are very small competitively with these losses. However, I lost my base holdings for investing the money into shit gameverse tokens. Last year, I withdraw all my holdings and put them into wax blockchain's two shit games. If I hold the withdrawn money, now I could a millionaire with respect to BDT. I'll regret my whole life remembering this mistake. IT would change my life.
However, It made me stronger to take decisions before investing any coin or withdrawing any holding

[Odusko]

As the title says, please share your costly lesson about cryptocurrency. So others users could take a lesson from your story and they would get the advantage of it without losing anything.

When we learn a lesson, most of the time we lose something. And there are a few losing stories where we lost a lot and that's the reason why I consider this kind of lesson ad a costly lesson. I had shared previously my story, I will just remind it shortly.

In 2017 I had almost 1.5BTC and I hadn't sold even Bitcoin was around $19K above. So we know the Bitcoin dump story. Since Bitcoin was dumped too much I wondered to increase portfolio by trading or holding alts. So I just choose a few shitcoin. Some of them were delisted from the exchange, so I moved all-in single shitcoin. Sadly that's shitcoin is totally useless. Perhaps it's worth $1K in the current market. So it was a costly lesson for me. Don't choose a shitcoin for investing purposes. Just invest in Bitcoin and hold it. You will never regret it at all.

What is your costly lesson?

Wow,have learnt one or two lessons from this discussion ,I will not  make mistake of trading any coin that is not standard,if I must trade I will go with bitcoin,with bitcoin even thou the price is reduced you won't loose all your investment.

[Imran232]

......................

My costly lesson was 174233 dogecoin. Yes, I had 174233 Dogecoins in my wallet in early 2018, though this amount of coins had little value at the time. But that was my beggining time into cryptocurrency, and I had fallen victim to gambling. I didn't know much more about youtube channels and I didn't know much more about crypto. I just thought about the value of the dollar. Watching some YouTube videos means some gambling videos have started to play with Dogecoin. I started with 100k dogecoin. Then, after some wins, my dogecoin amount becomes 174233. And when things happen, greed takes over. And because of greed, I lost all of my dogecoin in one day. What I made in 20–25 days Though, at the time, I didn't feel particularly sad because money didn't have a high value. But after Dogecoin reached $0.7 each in 2021, I realised how much money I had lost in my life. Though, after losing all of my doge in 2018, I completely stopped gambling, which may be safer for my larger sums of money. if I had all of my doge today, I would be a multi-millionaire today in our village and as a student in our native currency. I think this is the most costly mistake in my life.

[satscraper]

My ignorance of course produced that costly lesson which came from the cloud mining back in 2019. They  have shown me the bare figures of profit  purport to be made by me and disappeared at the end. My total loss was around one and half BTC. Since then I don't take cloud mining seriously.

[Scripture]

Reading some of the comments here, looks like I have my small costly lesson compared to others but of course we all have different stories to tell.
Anyway, I have my costly mistake last year where I invested on many NFT games, and turned out into a scam, three projects almost took out all my savings these mistakes hopefully serve as a lesson to me because I can't afford to fall on many fake projects this year. Now, I'm trying my best to rise again and take every steps slowly but surely. I may not have huge losses but for me, that's enough for me not to be more greedy. Cryptocurrency offers a lot of opportunity but with greed, you can lose everything.

[Dripstoil]

Another costly mistake I'm making right now is  continuously ignoring BNB token while it keeps rising and rising. From the way I'm looking at it, BNB will hit $20,000 sooner than later.

I see more opportunity with the Binance token more than in Ethereum. If I have my way, I'd put $100,000 in it and let it sit for a long time.

According to StormGain.com in its article of Nov 19, 2021, it wrote that the long Forecast's outlook is conservatively optimistic. They predict that the price of BNB will rise to $499 by the end of the year. In 2022, their forecast predicts that the price will continue to rise and peak at $1,073. BNB will continue to grow, and by the end of 2023, the price will reach $1,197.

[Sandra_hakeem]

I cried and I keep crying  my whole life as I was too much in a hurry to sell bitcoin that I sold it when it was as low as $6k.
I had a severe surgical  operation  that needed  some funds so I had to scale out the ones I HODL and I never had the privilege  to get one for myself  anymore  until now. It's so painful  and I kept wishing I never had that kinda problematic situation on me everyday that passes by makes me feel deep remorse  about  everything I did back then but I couldn't  help the situation  because this was a matter  or life and dead.
Yeah, way back sometime ago, people  never thought bitcoin could  get to a level  like this and so they refuse  to invest much or sometimes nothing! I remember  when I told my dad that I needed  to HODL some coins for myself  and he kept  promising, not as though  he never had some cash but never wanted to be a part of the whole thing. I went a long way by phishing  in my fees from college  to get some coins and paid off but my impatience is what I'm remorsing  about... My dad didn't  have immediately  aids for me so I had to give it away 
Sandra_

[Pik2]

I sold my 5 bitcoins at $1000 and haven't bought in until today. This was a huge blunder.

[ANSEL_2.0]

I took the biggest risk on a meme coin in October 2021 with all the money I have at the time and I got lucky, I made 10x but I was never satisfied I wanted more before I sell them I watched the 10x shrinked back to 1x before I woke up, left in shame with my 1x, a painful lesson that I will never forget.

[BITCOIN4X]

~Snip

Of course your experience will never be the most pleasant thing to remember for a lifetime in investing lessons.
You know, I bought 45 ETH one night when it was around $80 in late 2018 and sold it in January 2019 for about $140. At that time I thought the price of ETH was high enough to take profit, but unfortunately I had to accept the fate that in June it was already above $360. At that time I only managed to make around $2.7K profit in ETH but I regret if I am patient then I might be able to get bigger returns in November 2021. But that is just a thing of the past that I will never remember again.

Now I think we just need to consider every opportunity to invest in a coin that really promises future potential, this will be the first step to getting good returns in the future. There is no better lesson from my experience than being patient and believing in the potential return on investment.

[kawetsriyanto]

I spent around $2500 to buy some new coins with low market caps last year. I got the idea to buy those coins from my friend who I think is professional enough in crypto investment. I believe him because I hear his sweet history about gaining huge profits from buying new coins. He showed me that he has a good ability in analyzing the potential of new coins. And he said to me to hold until the end of the year. But after holding a few months, sadly those coins decreased their values significantly because Bitcoin dropped its price. My friend told me that the price will increase again, don't worry! In reality, the prices of those coins continue to decrease and never increase again. Even in December 2021, the prices couldn't increase as expected and I got losses of more than $2000. So, what does the lesson get from this short story? Always believe in your own analysis and set a realistic target, don't rely on a certain month to sell your coins. Also, if you are not really an expert in investing new coins, better to choose those coins with high market caps.

[Igebotz]

In 2017 I had almost 1.5BTC and I hadn't sold even Bitcoin was around $19K above. So we know the Bitcoin dump story. Since Bitcoin was dumped too much I wondered to increase portfolio by trading or holding alts.
~snip~
What is your costly lesson?

My bitcoin journey began in early 2016, when I first encountered Bitcoin at a price of $600-$700. To cut a long story short, I purchased 0.05 Bitcoin at the time, invested it in a Russian Ponzi scheme MMM, and made a few profits before raising it to 0.1 Bitcoin ( the highest Bitcoin I ever had) I was doing okay with MMM, getting 30% after 15 days, until I saw another Ponzi scheme offering 100% returns in 10 days. I immediately withdrew my coins from MMM and invested in the other Ponzi scheme, which increased the bitcoin to 0.4 after a few weeks, but I couldn't withdraw until the site went offline. My 0.1 bitcoin was stolen.

I returned in 2017 after learning about trading from a colleague, bought another bitcoin (I don't remember how much it cost at the time, but it was around $1k at the time), signed up on HITBTC, bought a few coins, and they all went down like a collapsed building seconds later, I left it thinking they would gain value one day, but all I get is a daily delisting message from HITBTC in my mail, and the four shitcoins were delisted.

[nurilham]

Personally, there are many lessons that I took after getting to know cryptocurrencies where I got a failure at that time one of them was in trading. I was in too much of a hurry and panicked so I made a big mistake where I did a panic sell and it made me get a lot of losses. Not only that, I also have high expectations for crypto prices several times so that it misses the moment when the price is good. I now realize that trading or investing with emotions will only confuse our minds and make us less careful in our actions.

[Marykeller]

Mistakes are certain to happen in peoples lives. There are horrible mistakes that you can't forget in a hurry, that you'll be able to learn from them.

It happens that I entered the private keys of my wallet into a friend's phone because I lost my phone to armed robbers. My main reason for that move is to check whether my coins are still intact. The funniest of it all is that she was there watching me when I was activating my password in her trust wallet app. After all, is said and done. In months later I get to find out that some of my altcoins have been removed

[Agbe]

As the title says, please share your costly lesson about cryptocurrency. So others users could take a lesson from your story and they would get the advantage of it without losing anything.

When we learn a lesson, most of the time we lose something. And there are a few losing stories where we lost a lot and that's the reason why I consider this kind of lesson ad a costly lesson. I had shared previously my story, I will just remind it shortly.

In 2017 I had almost 1.5BTC and I hadn't sold even Bitcoin was around $19K above. So we know the Bitcoin dump story. Since Bitcoin was dumped too much I wondered to increase portfolio by trading or holding alts. So I just choose a few shitcoin. Some of them were delisted from the exchange, so I moved all-in single shitcoin. Sadly that's shitcoin is totally useless. Perhaps it's worth $1K in the current market. So it was a costly lesson for me. Don't choose a shitcoin for investing purposes. Just invest in Bitcoin and hold it. You will never regret it at all.

What is your costly lesson?

Crypto currency lessons like a punishment in my life. I would work hard to have money but Crypto-Currency scammers would come and collect it..the worst they used different means. Websites, apps, and the social media.

[amishmanish]

Another costly mistake I'm making right now is  continuously ignoring BNB token while it keeps rising and rising. From the way I'm looking at it, BNB will hit $20,000 sooner than later.

I see more opportunity with the Binance token more than in Ethereum. If I have my way, I'd put $100,000 in it and let it sit for a long time.

According to StormGain.com in its article of Nov 19, 2021, it wrote that the long Forecast's outlook is conservatively optimistic. They predict that the price of BNB will rise to $499 by the end of the year. In 2022, their forecast predicts that the price will continue to rise and peak at $1,073. BNB will continue to grow, and by the end of 2023, the price will reach $1,197.

Are you so bullish on BNB due to what the website says or you have your own conviction. The two are a different thing. BNB is a pretty centralizes. and hence fast, chain which has the blessings of none other than CZ. Yet, the problem with it is that mostly only scams and rugs have happened on BNB.

Considering the OP question, this is a very humbling thread. My losses in cryptocurrency have not been because i sold too early but because i never actually sold to Fiat but instead to Ethereum based tokens hoping they would go up and be worth something. I have never gotten to having a whole Bitcoin too.

Another of my losses have been that i missed out on getting into Chipmixer right before crypto took off. I had other engagements in life and some personal issues due to which I couldn't give so much time to the forum. I am pretty confident that had I continued my run of interactions from 2018-19, I would have been one of those CM participants. But well, that never materialized but I am happy to be part of the next best thing, BestChange.

Apart from this, the number of random airdrops etc that I have missed due to "almost" doing the thing would amount to at least a few 100K dollars. It does make me sad and anxious at times considering how much I missed out despite being here. But well, I am okay with the fact that I got to interact and learn. Having the wonder and awe and being curious about the whole space was an experience in itself.

[Dillonhebist]

my mistakes in cryptocurrency is greediness, hoping that I could make money without any effort, stress on  research and also quick money, my mind is to invest and reap returns, a part of me knew all along that this offer isn't real but the 'greedy part' wouldn't let me have a second thought on it, i really learn my  lesson the hard way, but the good thing is that I learnt my  lessons, and i have been working with it. therefore their is no easy way in making money, all you need to do is to follow the right way to Success.

[Yamifoud]

I can't remember the exact date but that was 2016 when I was new in crypto and I admit I have no deep knowledge about trading.
I spend $1000 as my trading capital and I use it to buy cheap coins as I think that I can double/triple my funds once it pumps just like what I saw to other coins. I get millions of shitcoins that time, I hold it until today but to guess what, I was just holding for nothing and not even seeing my coins listed to other exchanges aside in Etherdelta where I bought it there. Now that Etherdelta is not active anymore, I certainly don't have any chance to sell them. I'd lost them all because of being greedy and this kind of behavior must have to change.

[Taskford]

Been greedy way back year 2017-2018 to much token believing that they can pump more but suddenly all went down badly which I can't even imagine before and instead of gaining I earn zero because majority of the tokens I hold (ICO) died. Lesson learn from those experiences is never be so greedy upon holding especially those tokens in the market learn to take your profit whatever percentage it is and always think about profit is profit.

[Zilon]

Early last year I launched into trading full time  after a one on one rigorous training from my then tutor. I was later done learning and decided to have my account funded for the first time. All I could analyze then with was strictly support and resistance and been my first time I neglected every other thing not knowing markets too have breakout and fake breakouts and this made most of my trades fall in losses because I was strictly working with support and resistance not taking not of the candle sticks formed nor If it was a major spot for such trend. I had to learn the had way after giving to the market my first funds

[MCVXYZ]

In 2017 I had 350000 dogecoins,which  I didn't take  seriously and gamble all of the dogs. Now, its price is 0.115, that was unpredictable and unrealistic for that time even for crypto experts. So my advice is to take everything seriously in this sphere and get as much as you can,because it may be very unpredictable what will happen...

[Doan9269]

One of the costly lessons i learnt so far in this crypto journey was when i diverted a proposed fund for a project into crypto project (ICO) with the help of someone whom i met recently and found him to be living next to our neighborhood, he told me that within a little space of time i will realize 3x of my investment if i can take the boldness and never told me the other side of it, my believe was 100%optismistic about what am about to realize.

I gave the guy the money to help me as I don't know much about Cryptocurrency then, and he did it but after two weeks, i begin to notice his relationship with me isn't as before, i will have to call him, ask about the project and when am expecting to cashout without knowing he's avoiding me gradually untill he stop picking my calls, i went to his house he keep postponing my cashout untill i can't bear it anymore. Later i got to know that the project he did was a scam or he intentionally scammed me by not giving me my share.

Lessons learnt:

If i had known how to do it then, i couldn't have fall a victim, imagine me diverting a fund meant for something else into crypto project i dont even know or research about. What you dont know will definitely cost you.