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Author Topic: What is your one memory related to Bitcoin that you want to forget?  (Read 390 times)
Altryist
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October 31, 2023, 09:57:07 AM
 #21

 My biggest mistake was staying in altcoins during a bear market. The original plan was to sell everything and buy bitcoin, but the bear market began and I did not have time to do this, then I decided to wait, with the hope that the market would recover, this did not happen and I spent the entire bear market with altcoins, I suffered huge losses, lost a lot of bitcoins. This is a lesson that will always be with me - never try to hold altcoins - this is the worst idea.

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October 31, 2023, 10:01:12 AM
 #22

I have forgotten it but not to really forget it because it is one of the memories where I also made Bitcoin. Cloud mining is one of the scams that has happened to me. In those years, cloud mining was very popular and did provide decent results, especially if we could have large hash power.

One of the popular ones is HashOcean, which is one of the biggest scams that I can remember. Many investors have lost a lot of money in that company but I also wonder if they could get a return before they got scammed. In my early years of getting to know Bitcoin, apart from playing with the faucet, I also used cloud mining to earn a lot of satoshis.

Another thing is when I still have the opportunity to see the price of Bitcoin at $200. At that time, I didn't buy it because I didn't have enough money but I played around on the faucet, which allowed me a lot of Bitcoins. Well, I was quite lucky at that time because the faucet was still giving 0.01 BTC or more a day but the price of Bitcoin was also still very low.

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October 31, 2023, 10:16:23 AM
 #23

What is your one memory related to Bitcoin that you want to forget? It can be anything like some sort of scam happening to you or some other type of loss.
The first time I received some Satoshi into my Blockchain wallet will remain one of my most memorable day related to Bitcoin, I still remembered that day with nostalgia, I don't think I ever forget that day when I did some faucet task then and having newly open a new wallet guided by google and pasted my address to the sender Lo and Behold I opened my wallet and saw some Satoshi with decimal value that was Bitcoin in real time, that first payment motivated me to continue with the task even though the amount of small then but it was a very memorable experience that worth sharing here.

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October 31, 2023, 10:19:55 AM
 #24

In the beginning Bitcoin was King and in the opinion of many Bitcoiners.... all other Alt coins were shitcoins, so we never bought any of those coins and missed out on a lot of profit.  Tongue

To be fair, that line of thinking surely saved your rear more than once, right?
(right?)

I'm pretty sure pretty much every single altcoin trader had the same experience, but: my 2016-2019 trading era. I would've had far more bitcoin right now if only I traded those years a lot better, or maybe if I hadn't traded instead at all.

The old saying goes, everyone in crypto is a trader, but almost nobody in crypto is a professional trader. Smiley



Anyway, I guess wasting my time with faucets that paid out satoshis is probably something I'd rather forget about, especially since I could've been doing some actual work.

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October 31, 2023, 10:23:42 AM
 #25

What is your one memory related to Bitcoin that you want to forget? It can be anything like some sort of scam happening to you or some other type of loss.

My first time of using bitcoin was to make a payment to my scammer. I actually sent fiat to someone who bought bitcoin and sent it to my wallet and I sent BTC that approximately worth 0.2BTC to scammer. After everything turned out to be a scam, I was pained because I lost a few thousand dollars. But when I later understood what bitcoin is and remembered that I once lost 0.2BTC, I alway tend to cry. It is not a nice memory to me.

Assuming I wasn't scammed and I used that money to buy bitcoin and hold, by now, I should be able to own 1BTC.

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October 31, 2023, 11:18:14 AM
 #26

What is your one memory related to Bitcoin that you want to forget? It can be anything like some sort of scam happening to you or some other type of loss.
My painful experience was when I didn’t take the bold step to invest in eth in 2020, even when Bitcoin was making its moves, I saw the chance to invest in Eth when it was below $100 as at that time, I tried talking to my brothers about it who were not crypto inclined as at that time, my effort to convince them was in vain rather they discouraged me about investing saying it was an audio money and they don’t believe buying a coin will make them rich. Due to my ignorance and lack of knowledge I was discouraged and use the money I wanted to invest with on something else. Till this day I still regret not following my intuition,  Eth is now over $1000 I would have accumulated a lot of wealth if had make the move on Eth, my brothers now believes in crypto and they feel so sorry discouraging me into investing in Eth years back.
  Now I have better understanding about the crypto space, I enroll in classes and also fix my self where I can get information about promising crypto projects. I know it’s not too late for me to step in, I even told them this, and now we are all ears down to hear waiting for opportunities to dive in. The bottom point of my story is try to get your fact right do more research about the project your looking to invest. Ignorance they say is a disease and it’s what cause most of us not to partake in the last bull run, but then the interesting thing about the space is that is never too late to step in they are other promising projects in the spaces one can acquire wealth, we just need to find the right projects to invest in.
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October 31, 2023, 11:38:37 AM
 #27

What is your one memory related to Bitcoin that you want to forget? It can be anything like some sort of scam happening to you or some other type of loss.
As long as I know Bitcoin from the beginning until now, I don't think I have ever experienced any bad memories. On the contrary, bitcoin has helped the economy for me and my family. Although my main bitcoin assets are still unsold because I personally am still waiting for the upcoming bull market.
But so far I consider bitcoin a very helpful investment asset. Because with bitcoin I became aware of this BTT forum.
Therefore, I hope Bitcoin remains a blessing for me personally and also for my family. Because if you look at other people's experiences in the bitcoin realm, quite a few have been deceived by certain individuals. So, I am very grateful because I am always given luck and security in investing in Bitcoin.

All the smoothness that I experienced while getting to know Bitcoin until now, maybe it's all because I don't interact too much with people who are involved in the world of Bitcoin, both in the real world and in cyberspace, (except in this forum). So, when I was a beginner in the field of bitcoin investment, I never tried strange things like sending bitcoins to people who were able to make my bitcoin assets increase many times over. However, at that time I only focused on studying all knowledge related to the world of bitcoin and also focused on continuing to collect cold money to invest in bitcoin.
So maybe because of that, I personally can avoid fraudsters in the bitcoin realm.

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October 31, 2023, 02:34:04 PM
 #28

Well, I think I want to forget the fact that I knew about Bitcoin far back when the price was around $1k, but I did not buy it then. Also, I want to forget that I could not find myself or my way to this forum when I first heard about Bitcoin. If I had had those two opportunities then, I probably would have been more educated technology-wise than I am now. I would also have become friends with some programmers here. Although this is not some word of regret or anything, as your topic said, it is something that I cannot forget, even if I want to.

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October 31, 2023, 04:53:17 PM
 #29

What is your one memory related to Bitcoin that you want to forget? It can be anything like some sort of scam happening to you or some other type of loss.
Probably I wish I could forget that I remember reading about bitcoin some years before I actually decided to buy them, maybe it was 2013, something like that, it was a tech website that I used to check from time to time, and I remember that they had an article mentioning bitcoin, I remember reading it, but maybe it wasn't well written, maybe I didn't pay too much attention, anyway I didn't do anything about it. Some years later I read again about bitcoin but this this there were way more info about and it really got me intrigued, that's when my interest actually began. 3 years later probably...

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October 31, 2023, 05:13:44 PM
 #30

What is your one memory related to Bitcoin that you want to forget? It can be anything like some sort of scam happening to you or some other type of loss.

I was cheated out of several hundred dollars in bitcoin when buying hash online 3 years ago. Initially the hash worked well and provided me with income, but unfortunately within 1 week of running the platform started to have problems and in the end I lost all my investment. Just imagine if I didn't buy that hash and held that bitcoin in my wallet and didn't use it, maybe I would have gotten tens of thousands of dollars. I really regret it to this day.

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October 31, 2023, 05:29:48 PM
 #31

What is your one memory related to Bitcoin that you want to forget? It can be anything like some sort of scam happening to you or some other type of loss.
I actually remember some mistakes that I made when I was a complete beginner in this cryptocurrency world. First of all I want to forget all those memories especially when I was initially inducted into the world of cryptocurrency with alternative coins I still regret why I didn't recognize Bitcoin in the beginning.
I remember when I first learned about bitcoin in cryptocurrency, bitcoin was around the current price and a few months after that the bullrun started.  I still laugh when I remember when bitcoin was almost at its dip I didn't invest but when bitcoin touched its all time high price I went around it and invested a fair amount even though it was trading purely on emotions.  Since then, the price of Bitcoin has gradually decreased to this price today.  The interesting thing is that I am still bearing that loss and see if there is a bullrun ahead, maybe the loss will be recovered.

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October 31, 2023, 05:30:22 PM
 #32

What is your one memory related to Bitcoin that you want to forget? It can be anything like some sort of scam happening to you or some other type of loss.

Lol! A lot of memories I want to forget! Back in 2015, 16, 17, I had sold a lot of bitcoins at dirt cheap price compared to today's price. At least 6 Bitcoins I had sold back in those days at throw away price. I really regret those decisions. If I had kept those Bitcoins with me, I would have become a rich man today.

I didn't face a lot of scam in my life as I do my own research. But selling out bitcoin in early days, I could have seriously avoided.

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October 31, 2023, 05:40:11 PM
 #33

What is your one memory related to Bitcoin that you want to forget? It can be anything like some sort of scam happening to you or some other type of loss.

Ahh.. I really like such storytelling threads in which we can publicly explore the memories of others, which can be helpful as well in boosting the experience.

Sticking to the topic I would like to say, the Luna crash's impact on the Bitcoin market I would really be happy to remove it from my memory, but I'm thankful as well to have such experience to improve my decision-making power in such a condition, I want to completely remove that crisis from my journey, because there were a lot of things happened after that upset. Socially I've seen Luna bringing disaster in people's financial lives.

I was not too close to the people who got affected by it but from a few close ones I've heard how badly they got trapped & destroyed by their immature decisions. I also lost a little bit of precious Bitcoin holding in FOMO on that time.

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October 31, 2023, 05:43:22 PM
 #34

I made more good moves than bad. But truthfully I never believed in it from 2012 to 2017 monster rally.

So I could have grabbed 100 coins easy peasy in 2012 or early 2013.

Even if I dumped 50 of them in 2013 nov holding 50 of them I would have cashed for 65k
and if I dumped 25 in dec 2017 I would have cashed for 480k

and if I dumped 15 of them at 69k I would have had 1 million

and still have 10 coins at this moment.


I did not earn 1.545 mill and hold 10 btc. But I would say it could have.

I also did earn 200k and have a lot of gear right now along with some coin.


So I would argue I have  ⅛ of what was possible for me to have done.

 But I would have had to believe in BTC back in 2012 more then some mining of it.

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October 31, 2023, 06:30:17 PM
 #35

Back in 2015, when I was first introduced to Bitcoin and complained about the high price of Bitcoin in my opinion, I postponed my Bitcoin investment. Until the 2017 bull run came. As a beginner, there may be times when I want to forget that I had to sell my Bitcoin investments I made during the bull run in a panic when entering the bear market.

It was sad to lose it all, even if I made a small investment in the first place. Looking back now, the crypto market is full of wish for me. But no matter what, I don't regret what I did because I made every decision of my own free will and I'm glad I met Bitcoin. There are still millions of people in the world who don't know about Bitcoin and we could have been one of them. Fortunately, we know about Bitcoin.

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October 31, 2023, 06:43:05 PM
 #36

What is your one memory related to Bitcoin that you want to forget? It can be anything like some sort of scam happening to you or some other type of loss.
I would like to forget that I did not start investment in Bitcoin on time, and focus on trying to get more bitcoins now that I can before the halving, knowing that I am late.There are also people like me who have same story, we will be better if we can just forget about when we started. Continuing to think about the time that I have lost and dwelling on it will only make me loose more time, time that I should use in focusing on try to increase what I have.

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October 31, 2023, 07:29:26 PM
 #37

What is your one memory related to Bitcoin that you want to forget? It can be anything like some sort of scam happening to you or some other type of loss.
My biggest mistake was not investing in Bitcoin when I first got to know about it. It was in 2017, I got introduced to a ponzi scheme where Bitcoin was used for the investment. I got scammed, I lost my funds and as a result of what happened, I developed a cold feet concerning anything crypto-related. Then, I had the money but I didn't have the knowledge and that sad experience scared me away. It took me some years to buy Bitcoin again and this time around, I've done more research and gained some knowledge.

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October 31, 2023, 07:35:29 PM
 #38

I have a bad memory about bitcoin, but as a matter of fact i don't want to forget it because it tought me a valuable lesson how to store my bitcoin propely.

So, back in late 2017 (just a few days before Christmas) I fell for a phishing attempt and lost almost everything I had at the moment (it was ~0.1 BTC which for some may not be much but at that point it was a lot for me). When that happened I almost have up on bitcoin all together but after few days I managed to calm myself down and luckily continue my bitcoin journey.

What this experience thought me was that I should use proper wallet to store my bitcoin (read hardware wallet) instead of a shitty online wallet that I used up until then so in a way it was a blessing in disguise as it coul;d have hapepned to me later when I had more bitcoin.

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October 31, 2023, 08:00:33 PM
 #39

Whatever memories I have got from Bitcoin is worth memorable so I could handle it as a working tool either for cautiousness sake or energymatic anatomy of Bitcoin.
Else I wish to forget about the first period of time I was introduced to Bitcoin and had doubt about it but that shouldn't be a weigh down to me but serves a gear up.

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October 31, 2023, 08:07:21 PM
 #40

I have an "x" or Twitter account dated 2009 and no satoshi from those years, Smiley

Actually, it's not that I'm mortified but they are one of those things that make you reflect, so I always try to take the positive out of that lack of assertiveness during those years, in reality, as I always say, the past is an important reference for your present and future, And for those of us who arrive at the wrong time, it is something that we must remember, opportunities are always there, but we do not see them or we ignore them because of all the "smoke" ...

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