The mistake I made some years ago

[retreat]

-snip-
I didn't buy Bitcoin until 3 years after. I really missed that golden opportunity to get it at such rate. Well the good news is that... The bear market is a good time to fill my bags and I got myself some BTC and I'll hodl unto it. You never can tell what price BTC could hit in the coming years.

Most of us have experienced this and there is nothing to regret because it is an experience and it makes us more mature. So now the most important thing is how can we learn from our past experience and become learning in the future to keep holding on to BTC, even though many are skeptical about BTC in the future but we must still believe that BTC will be able to touch 100K USD in the future. The point is to hold on and believe and learn from the past.

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[TheUltraElite]

The mistakes led to you being who you are. Now you know that buying bitcoin at low prices man better profits guaranteed in future. We can be rest assured, that we will not see the same condition as altcoin in bitcoin. Hence the importance of mistakes, they teach you a lesson.

You can be sure that many others have committed similar mistakes or lost money where they could have made money but dont let that dishearten you, rather this should be an impetus to be more consistent with trading.

Forgive yourself because you were ignorant at that time.

[Dzwaafu11]

I've made a big mistake when I was got introduced to bitcoin and I deny it. That was a mistake for me if not I could have know what I achieved from that time to now, because when I was got introduced to btc by brother I now told him that if there getting money on bitcoin why he still they poor he didn't cash out,he now laugh at me that I don't know anything that's why I'm saying that.
Till when I see bitcoin change his life he become a responsible man for him self he didn't depend on anyone any more... That was when I realize bitcoin is king I now join

[Issa56]

I think you have learnt your lesson from the mistake you made previously, currently you are regretting why you didn't invest in bitcoin in 2016, this is another opportunity for you, we are in bear market currently, I think you are having another chance to invest in bitcoin now so that you won't endup regretting why you didn't invest enough money in bitcoin in 2023, I will advice you to use this bear market opportunity to accumulate more bitcoin and hold, later in the future you will endup smiling and you will never regret why you invested in bitcoin.

[livingfree]

Removing the ponzi story, those were like the golden days of our lives when we take time to look at our accounts and by the time we had it years ago.

It's not late and there's still time and opportunity left for everybody. All of us made a mistake for which we either have sold it too early not knowing on how huge the jump of its price potentially it will be during those days.

Well, it's time to move on and face the reality and just keep it as a lesson that we should live and learn.

[LogitechMouse]

I'm pretty sure we all have the same mistakes that we've made years ago.

I didn't lose the Bitcoins that I bought thru a pyramid scheme, but I lost the Satoshis that I got from faucets in a cloud mining website that turned out to be a scam. It might sound funny but if only I kept all of my earnings in faucets and decided to hold it until now or at least at the peak of 2021, I might've earned some huge money for free just by solving those captchas and holding it for a very long time. Unfortunately, I was a newbie back then and I learned from it. Aside from that, it's also my last time that I tried to do faucets and didn't do it until now.

For sure, we've all made some huge mistakes in the past. Things like "A friend introduced you to Bitcoin years ago and you ignored it..." or "I sold my Bitcoins that I bought years ago and if I held it for a longer period of time, I might've got more profits..." etc. We can't control it anymore because it's the past but what we can control is our future. Learning from our mistakes is the best thing to do. Making better decisions for the future is the best thing to do.

[buwaytress]

Right, an actual pyramid scheme actually sold actual bitcoin? That's definitely the first time I've heard of it. Pretty sure you're referring to one of those Bitcoin doublers or HYIP thingies (I know it's pedantic but it does make a difference).

I didn't lose the Bitcoins that I bought thru a pyramid scheme, but I lost the Satoshis that I got from faucets in a cloud mining website that turned out to be a scam.

You never lost it if you never withdrew them to your own wallet, which at least OP did

To be fair, I've used "cloud mining" sites that actually paid out, but they were paying out cents for a lot of work on your end. Wouldn't call them scams, just a big waste of time.

[Hyphen(-)]

Almost everyone here has made one or two mistakes that they now regret, due partly to how difficult it is to trust something new that comes your way as quickly as possible.

Many people learn about Bitcoin when the price is very low, but fail to invest because it came with a different idea that some people with less knowledge about technology and the internet can't simply accept very quickly, which is why most people miss out on early Bitcoin investment.

I didn't buy Bitcoin until 3 years after. I really missed that golden opportunity to get it at such rate. Well the good news is that... The bear market is a good time to fill my bags and I got myself some BTC and I'll hodl unto it. You never can tell what price BTC could hit in the coming years.

It is not too late to invest because we anticipate a price increase in the coming years.
There is no price too high for you to buy Bitcoin if you truly believe in the transparency and future of Bitcoin because it has given us control over our wealth by allowing us to conduct transactions without the involvement of a third party such as banks.

[Leviathan.007]

I wouldn't call it as a mistake, it's a small achievement for you since you can hold it after 3 years, so congratulations for holding Bitcoin after 6 years. At least you're accidentally remember your old wallet and your cellphone still able to survive for six years long, usually people change or lost their phone after 2-3 years.

The most important part is, just buy Bitcoin when it's still cheap and hold it for long time.

I completely agree with you because that's not a mistake to use bitcoins. Instead of calling it a mistake I call it a lesson and an experience to help me in the future, just like you said, all these transactions histories and prices show he is using these wallet addresses for a long time and that's very good to see unlike many other people he could save this wallet for this long time and during this time he got obviously many lessons and this is one of them.

[BitDane]

Mistakes happen but what made the mistake worth it is that we learn from it.  Nothing much to say but it is never too late if we start accumulating now.  We have 1 more year for halving and 2 years for possible another record breaking ATH so we have plenty of time to fill our purse with Bitcoin.

I wouldn't call it as a mistake, it's a small achievement for you since you can hold it after 3 years, so congratulations for holding Bitcoin after 6 years. At least you're accidentally remember your old wallet and your cellphone still able to survive for six years long, usually people change or lost their phone after 2-3 years.

The most important part is, just buy Bitcoin when it's still cheap and hold it for long time.

If I am not mistaken, @OP lost the coins that he bought in 2016, since he sent it to his upline in hopes that his downline will do the same a typical pyramiding scheme where your upline earn from you and you earn from your downline, he sent it in hopes that it will double if his 2 downline follow the process but sadly his 2 downline is wiser and never sent BTC to their upline which is the OP.

[Iranus]

I dare say that not only you but almost all of us here have made the same mistake as you, and this is normal, nothing to regret because then we were all newbies and didn't have any experience in the market. If you regret your bitcoin, I will regret it a thousand times more than you because I used to buy and sell a few dozen to a few hundred bitcoins in 2014 and 2015 when the bitcoin price was at a few hundred dollars.

No one knows the future and those experiences tell us that investing in bitcoin is never a bad decision and we should start over as soon as possible. Don't just regret, but let the opportunity pass again.

[Godday]

Very many crypto users have experienced something like you, even they lost such a large asset because of a small mistake they made, but this is all a lesson for all of us in order to be more careful in storing assets and applying security as much as possible Because there are so many people who want to get bitcoins for free even if what they do is not according to the rules, So now we have to bounce back to invest in bitcoin so that all the losses we have experienced in the past can be recovered, if we believe all there must be a way.

[ethereumhunter]

If I had known what would happen at this moment, I would have borrowed money from my parents to buy bitcoins and kept the bitcoins in a separate wallet. And I will return the money I borrowed from my parents by paying it off monthly. But there is nothing to regret because we cannot go back in time and buy as many bitcoins as possible. We can only keep trying to collect as much bitcoin as possible and store it for sale in the future when the price increases. And we are still lucky to be allowed to start now even though the bitcoin price is now above $ 16k.

[justdimin]

I'm pretty sure we all have the same mistakes that we've made years ago.

I didn't lose the Bitcoins that I bought thru a pyramid scheme, but I lost the Satoshis that I got from faucets in a cloud mining website that turned out to be a scam. It might sound funny but if only I kept all of my earnings in faucets and decided to hold it until now or at least at the peak of 2021, I might've earned some huge money for free just by solving those captchas and holding it for a very long time. Unfortunately, I was a newbie back then and I learned from it. Aside from that, it's also my last time that I tried to do faucets and didn't do it until now.

For sure, we've all made some huge mistakes in the past. Things like "A friend introduced you to Bitcoin years ago and you ignored it..." or "I sold my Bitcoins that I bought years ago and if I held it for a longer period of time, I might've got more profits..." etc. We can't control it anymore because it's the past but what we can control is our future. Learning from our mistakes is the best thing to do. Making better decisions for the future is the best thing to do.

That's right, I have lost so much money while trying to make some money from starting my own crypto exchange and a crypto casino as well, both ventures became a scam hole because whoever I tried to hire just took my money and deleted me from contacts and blocked me. I tried to do so many things where I would pay the person for the job, and they would just leave after that too, even in 2022 as well.

I wanted to hire a web dev to build a simple website, and yet they ended up stealing the money, even though I agreed on 50% upfront and 50% when the job is done, they just take the 50% and leave basically. There are way too many scammers and its hard not to fall for any single one of them.

[Yamifoud]

The pyramid scheme is also known as a quick-rich scheme where many people got to fall into this kind of investment because it looks promising and tempting. I can relate to that situation OP because one of my friends got also into that scam and even tried to invite me but lucky because I have no money at that time, I didn't join him. We will just know a few days that the founder has been arrested because of a scam issue and money laundering.

That is the beginning of why many people think that Bitcoin is a scam investment because many people use the word "bitcoin" to scam people.

[seoincorporation]

I know how you feel sokani, a lot of friends come to me telling me one of those pyramid stories, looks like is the way that lot of people get introduced, to cryptos. But it's sad because after getting scammed they don't want to know more about cryptos. And that's why I always tell them to invest direct in bitcoin or altcoins and not in pyramidal schemes that always have a sad end.

[Ultegra134]

Don't worry; we've all been in the same position, myself included. I was first involved in Bitcoin somewhere in 2013 or 2014, earning petty amounts from faucets and PTC websites that a few years later would be worth a fortune. On top of that, I had also bought 0.30-0.40 BTC for less than $100; I don't remember exact amounts, but you get my point. All of it was wasted on dumb online stuff, including gaming accounts. Not only did I waste my purchased Bitcoin, but I also spent the majority of what I earned through various sources. 

Do I regret it? Yes and no; on the one hand, I couldn't have known while I was a simple teenager with no major knowledge; on the other hand, my main regret is not sticking with Bitcoin then and abandoning it until 2017.

[Oceat]

It seems like we all have in common but what is important is we learned from those mistakes and never forget those important lesson. That was the most common mistakes of a newbie who doesn't have a certain knowledge about how the real world will corrupt you.

Those ponzi, doubler, and pyramid are most common mistakes when we're being introduced in crypto especially in Bitcoin. I myself had a fair share of mistakes when someone invited me to join on something that I don't know, though I've lost some money but fortunately, it's not that big but it's unfortunate if you look at the price before and now there's a slight regret.

[AmoreJaz]

Don't worry; we've all been in the same position, myself included. I was first involved in Bitcoin somewhere in 2013 or 2014, earning petty amounts from faucets and PTC websites that a few years later would be worth a fortune. On top of that, I had also bought 0.30-0.40 BTC for less than $100; I don't remember exact amounts, but you get my point. All of it was wasted on dumb online stuff, including gaming accounts. Not only did I waste my purchased Bitcoin, but I also spent the majority of what I earned through various sources.

Do I regret it? Yes and no; on the one hand, I couldn't have known while I was a simple teenager with no major knowledge; on the other hand, my main regret is not sticking with Bitcoin then and abandoning it until 2017.

we have had our own share of moments like this. but what if you spent your btc at important things like bills or food? you may regret it today but if it helped you significantly before, then for me it was already worth it. no one knew that btc will hit a very good price. so if you think there's bright future for btc, why not start collecting some satoshis again?

[TribalBob]

every past mistake must provide a useful lesson in the future,
avoid ponzi schemes, try it yourself by saving don't be tempted by someone's reward
rest assured you will get your own benefits in investing even though it is small but safe