Biggest mistake in crypto?

[sana54210]

I threw away two opportunities in the past that could have made me a millionaire today, I sold too quickly because I had too less experience about crypto in the past, imagine selling some tokens for 1,000$ and the token turn 500,000$ later, in just few months, yes you heard me right, this happened to me twice.

Welcome to the club mate, we all had that. When you have been in crypto as long as I have been, you miss out on being wealthy plenty of times. If you missed it just once, then you would say it wasn't meant to be, but if you miss it a dozen times like me, when you KNEW it would go up and still didn't had the courage, then you would be saying maybe it is about you and not the market.

I knew a ton of coins/tokens that went up, starting from bitcoin all the way to latest ones, and I knew that they were looking good and would make me money and still avoided making investments. So, we all missed out on becoming a millionaire, and probably still going to end up missing out in the future as well.

[LUCKMCFLY]

Actually, there are many mistakes that we have made while knowing the crypto world, and the most regretful thing until now is the result of greed in investing and wanting to get greater results, even though at that time I had indeed obtained profits but in the end all leyap without being able to get anything and currently still traumatized in investing in altcoins that really have no potential.

I speak for a couple of friends who each had $500k in 2017 and 2018, because they invested in other currencies they lost almost everything, each one had about $4k left, the most impressive thing was that I told them, that I had read some books and that according to Wyckoff's theory and seeing everything that the speculators said in the form of advice and seeing the pronounced volume that was shown, I intuited that it was already in the process or stage of Distribution, which is when the whales sell , while that was happening they were buying, and not even BTC but what they were buying was altcoins, this is something that they did not understand only because of stubbornness and thinking that they were right.

[ven7net]

What have been your biggest blunders so far when it comes to cryptocurrency? We all know that how much volatile the industry is. And the things that made you regret your decision? Can you share your thoughts, guys?

My constant and biggest mistake with cryptocurrencies is that I wait too long and don't sell on time. In simple words, I have cryptocurrencies that I did not sell when I had the opportunity, but now they are worth nothing. At the moment, this is my only and biggest mistake with cryptocurrencies. Of course, there are other errors, but they are not significant. There is another point is the difficulty in making decisions, especially now when there is a lot of uncertainty in the market. Probably all this is due to little experience in working with cryptocurrencies and a little greed for getting more profit. In any case, I try to learn from my mistakes, but so far it’s not very successful.

[Genamant]

What have been your biggest blunders so far when it comes to cryptocurrency? We all know that how much volatile the industry is. And the things that made you regret your decision? Can you share your thoughts, guys?

my biggest mistake is not to take profit, I tend to be greedy and then watch my portfolio dissolve.
I lost a lot last 2018 bear and now I just did the same. Money management is really important.

[Fesatmas]

My mistake that I still regret a little bit is following what people say. Yes, I experienced a loss because I did not believe in the analysis that I did myself and I ended up following what other people said. At the same time it turns out that what I doubted earlier turned out to be true (my analysis). From there I started to believe in my own potential.

[newdevices]

my biggest mistake is now! bear market 2022 is my fault for not selling the altcoins I bought in 2020,
of course this is my biggest disappointment!, saw the portfolio drop -80% in just a few months, so sad!

[SaveOurSea]

My mistake that I still regret a little bit is following what people say. Yes, I experienced a loss because I did not believe in the analysis that I did myself and I ended up following what other people said. At the same time it turns out that what I doubted earlier turned out to be true (my analysis). From there I started to believe in my own potential.

Apart from that, it's better to take the positive side and make it an experience so you don't repeat the same mistakes.
actually it's okay to follow what other people say but of course we need to consider it first and don't just believe it,
it's not just for you but we all have to learn from that incident and start believing in ourselves

[Coin BTC]

To be honest I have never experienced it, and I only know it that Taking decisions and acting directly without understanding the charts of this market movement will be the biggest mistake in Cryptocurrecy, hasty decisions are also one of the biggest mistakes here, not only this mistake will be able to be the start of your losses in Crypto.

[Hold-n-play]

Investing all your money into one or two projects. Always diversify your portfolio

[ScamViruS]

Selling some airdrops and bounty rewards early still remain my worst mistakes, especially after I see them pump crazy immediately after a sale. But then nobody can predict the next moments, is there? So I put it down to hindsight

You will also find people who did not sell their rewards, and hold those tokens for huge gains and later all became huge dumps. You got at least some money by selling earlier, all those crypto users didn't get that money at all.

You made a mistake here and those who hold tokens they also made a mistake. So it is natural that everyone has their own mistakes, which causes them to regret it later.

[kelonmusk]

The worst decision when selling an asset at a low price while the asset is still growing right now is BNB when I sell BNB at a very low price and I think the price of BNB will stay at $10 only then so when I buy BNB at a rate of $5 even though I get 100% profit from the purchase but if I was more patient and didn't release it then with a sizeable amount of tokens then I could get the current BNB price.

[serjent05]

The worst decision when selling an asset at a low price while the asset is still growing right now is BNB when I sell BNB at a very low price and I think the price of BNB will stay at $10 only then so when I buy BNB at a rate of $5 even though I get 100% profit from the purchase but if I was more patient and didn't release it then with a sizeable amount of tokens then I could get the current BNB price.

At least you got a profit and it isn't a mistake.  You do not have enough belief that BNB will increase its price multiple times.  I think there are similar story like that.  And mine is no different either.  But I blame that for losing my job and being in need of immediate funds.  I hold around 94 ETH when it was around $300+ but due to having no job at that time and our house is about to collapse due to termites infestation, I have to sell my holdings just to have funds to rebuild my house.  I wish I have a job at that time so that I can take a loan from any bank and could have saved my ETH that time.

[Orange89]

My biggest mistake or decision is to Hold my 200$ in UST coin i am holding my UST coin since 2021 SEPTEMBER i had never thing stable coin like UST luna Ecosystem can fallen such badly but it doesn't effect me alot ,mY second biggest mistake is Selling my btc it is a long time story although i had brought 2 btc in early stages sell 1 at 8000$ and other BTC AT 2500$ that's mine biggest mistake till now but i don't want to recall that bloody time instead i focused on my present itself and calm in every situation of life wheather it is good or bad

[passwordnow]

The worst decision when selling an asset at a low price while the asset is still growing right now is BNB when I sell BNB at a very low price and I think the price of BNB will stay at $10 only then so when I buy BNB at a rate of $5 even though I get 100% profit from the purchase but if I was more patient and didn't release it then with a sizeable amount of tokens then I could get the current BNB price.

That's a basic mistake that everyone does. Me either, I've done and sold a lot when the prices where too low because I have to and in need of money.
It's been used properly and I guess I just have to make my mind that money was spent in good use and faith so, whenever I reminisce that moment of selling.
I'm thinking that was put into good use and there's no need to regret, that's my way of giving myself a pat on my own back.

[serjent05]

My biggest mistake or decision is to Hold my 200$ in UST coin i am holding my UST coin since 2021 SEPTEMBER i had never thing stable coin like UST luna Ecosystem can fallen such badly but it doesn't effect me alot ,mY second biggest mistake is Selling my btc it is a long time story although i had brought 2 btc in early stages sell 1 at 8000$ and other BTC AT 2500$ that's mine biggest mistake till now but i don't want to recall that bloody time instead i focused on my present itself and calm in every situation of life wheather it is good or bad

It wasn't your fault, Terra was quite promising during those times so we won't think that UST will depegged and crash eventually.  It was the developers' shortcomings that makes UST crash terribly.  Though you could have shorted it when the UST was crashing.

About BTC selling, well if you are in a profit during those times, you shouldn't regret it.  I  buy and sell BTC too bu I never regretted it because it was a profitable trade.

[FlamingFingers]

Everyone have their own mistake, but my biggest mistake is i was ignorant when bitcoin hit the bottom back then in 2018.
Now that seems like bitcoin is repeating the cycle, i should not ignore this and buy some bitcoin and other altcoins.

Do you really think that it's ignorant, I feel maybe you are kind of scared of losing that's why, a lot of people too are in such situations when bitcoin and other altcoins hit the bottom they failed to buy,. Well one of my biggest mistakes was not taking profit as at when due when I was trading degen back then in the last bull season. Hopefully when degen period arrives I hope I will not be able to make such mistakes again

[wallet4bitcoin]

When I first started trading in the cryptocurrency markets. I had no profit target. It was seen that I would not sell even at 2x - 3x profit. Later, it was necessary to sell at a loss. Actually, There is no value of anything if we don't use that.

[serjent05]

Everyone have their own mistake, but my biggest mistake is i was ignorant when bitcoin hit the bottom back then in 2018.
Now that seems like bitcoin is repeating the cycle, i should not ignore this and buy some bitcoin and other altcoins.

Do you really think that it's ignorant, I feel maybe you are kind of scared of losing that's why, a lot of people too are in such situations when bitcoin and other altcoins hit the bottom they failed to buy,.

Well, having fear of the crashing market of bitcoin can be considered ignorant because they failed to know that the Bitcoin market has the capability to bounce back.  

Well one of my biggest mistakes was not taking profit as at when due when I was trading degen back then in the last bull season. Hopefully when degen period arrives I hope I will not be able to make such mistakes again

All of us have that mistake what is worst is we don't learn from our mistakes and keep repeating the mistakes again and again.  I often end up bag-holding worthless tokens because I failed to sell them at their peak even though I see it happening.  Like what happened to a shitcoin way back in 2018, I am holding 2k coins of that cryptocurrency and the price goes up to $20 per piece, I think it was greed that I keep myself from selling my coins (hoping for the price to increase further) until it becomes worthless.  I still see myself funny whenever I remember those coins.

[Vaskiy]

When I first started trading in the cryptocurrency markets. I had no profit target. It was seen that I would not sell even at 2x - 3x profit. Later, it was necessary to sell at a loss. Actually, There is no value of anything if we don't use that.

I just kept my bounty tokens without using it. Those are days when the price of the bounty tokens were in good position to trade against the value of bitcoin. Now things have changed completely and those tokens doesn't have value and are delisted from Exchanges. If I've understood about the market earlier I could've made some good fortune out of the bounties.

[agustina2]

When I first started trading in the cryptocurrency markets. I had no profit target. It was seen that I would not sell even at 2x - 3x profit. Later, it was necessary to sell at a loss. Actually, There is no value of anything if we don't use that.

Since you are just starting and building your experience, it's just reasonable if you have a mindset like that.

Almost all newbies that start trading experience being in a state where obviously, they don't really know what's the best thing to do. Hopefully, while gaining experience, you should be now well aware of what's the best thing to do.

Just move forward after a big mistake.