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Author Topic: What is your one memory related to Bitcoin that you want to forget?  (Read 390 times)
krishnaverma (OP)
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October 31, 2023, 12:15:35 AM
 #1

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.
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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BlackBoss_
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October 31, 2023, 12:21:34 AM
 #2

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.
It does not relate directly to Bitcoin but relates to my greed activities when I bought Bitcoin, used it to trade in Margin account, with leverages x5. I was liquidated and it is my bad memorial experience with my Bitcoin Margin Trading.

I know it is not responsibility of Bitcoin because I did it, I let my greediness controls my decision. I am responsible for it after I opened my Margin trading position with x5 leverage.

Anyone wants to get rich with leverages, can take my loss as their lessons.

R


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October 31, 2023, 12:29:31 AM
 #3

Mine would be having formatted wallets with certain amounts of coins. It wasn't bitcoin but it was alts which ETH, LTC, DOGE which were very low but then they exploded in price and I basically had no way to recover that data. It was overwritten probably hundreds of times and no point in getting it recovered.

This is why you should always back up your wallets even if you don't think you will use them. The tokens might be worthless now but you never know if one day they will make a comeback. I remember when bitcoin was $50K, I had tons of dust in old accounts that I recovered, was only 0.005 BTC or so but it was valuable then compared to 2015 when it was useless.

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October 31, 2023, 01:24:49 AM
 #4

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.

I know to be able to learn to trade you have to lose a lot at first, but yea lol it still stings.

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October 31, 2023, 01:46:32 AM
 #5

I experienced a loss when buying and holding synereo-AMP in 2018-2019. With capital of 4 BTC and it ended up being 0.4 BTC because the price continued to fall. This is a ridiculous thing where I have Bitcoin but am tempted by altcoins, I know that at that time ICOs and altcoins experienced a bubble, the price of altcoins soared, and I was interested in investing there, but unfortunately it turned out that the bullrun and altseason period was starting to end and there was a big price drop. on Bitcoin and altcoins.

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October 31, 2023, 02:26:41 AM
 #6

It does not relate directly to Bitcoin but relates to my greed activities when I bought Bitcoin, used it to trade in Margin account, with leverages x5. I was liquidated and it is my bad memorial experience with my Bitcoin Margin Trading.

I know it is not responsibility of Bitcoin because I did it, I let my greediness controls my decision. I am responsible for it after I opened my Margin trading position with x5 leverage.

Anyone wants to get rich with leverages, can take my loss as their lessons.

And this isn't much different from me. In 2021 I saw friends on social media sharing screenshots of profits using the future trading feature from Binance with x20 leverage. A 20% price increase seemed very easy to get, so I tried to open a futures trading account on Binance as well.

Because I'm working remotely and the Covid pandemic is still busy, I can focus on trading futures. Unfortunately, I didn't know the big risks I was taking and only thought about profits. That was my stupidest act, voluntarily giving my money to Binance because my assets were liquidated. I can still bear the amount, but it still hurts because I really regret not studying it first and just following the FOMO of my friends on social media.

This is a mistake I really want to forget so it doesn't happen again. I have learned from this mistake and consider this my stupidest disgrace.
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October 31, 2023, 02:40:39 AM
 #7



There are at least two events related to Bitcoin that made me cringe always and of course I want to forget and if possible I could revisit the time and make a different decision. One, I sold my Bitcoin at the time when it was just valued at $3K and it was because my brother need more capital for his fledging business - seems to me then I have no choice but to let it go. Two, I got so bored with the movement of Bitcoin that I decided to sold them all and replace with Bitcoin Vault or BTCV which of course was just another pump and dump coin. All in all, these two resulted into me losing money especially with the rate of Bitcoin we have now. Can we please invest a time machine so I can go back and rectify these big mistakes?

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October 31, 2023, 03:03:48 AM
Merited by fillippone (1)
 #8

I had a terrible start with Bitcoin and if not that I knew how helpful Bitcoin can be right from the beginning, I wouldn't be close to Bitcoin ever again. When I started, it was difficult buying Bitcoin due to FX restrictions in my country, so we relied entirely on third parties which are individuals that had found their way around it. Scammers seized the opportunity to deal with us ruthlessly. I fell into the hands of scammers on many occasions, loosing various amounts of my hard-earned money. I'm just happy I did not quit then.

Fortunately,  I'm not struggling to forget the terrible experiences I had joining Bitcoin... I have already forgotten them and moved on. There is a saying that "whatever does not kill you, only make you stronger". Perhaps those experiences form the basis for my trust and confidence in Bitcoin.

R


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October 31, 2023, 03:26:27 AM
 #9

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.
Sincerely there are things left untold. Each an every one has there tereble experience in one way the other. Mine was that some crypto I stocked on my non custodiall wallet was lost because of pasphrase misplacement. And that has thought me a lesson of my life never to joke with pasphrase. When a wallet is newly opened,  before sending any coin to it one needs to keep your key in safe place before stacking coin in it. The wost mistake one can make is stack coin in a safe which is no longer safe after losing access to youy furtune. that reminds me of a thread created in this Bitcoin discussion that someone lost access to his 8k Bitcoin that was a kind of huge amount of BTC. Although mine was not much like $30 but no matter how small it is, one still needs to be careful.
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October 31, 2023, 03:45:28 AM
 #10

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.
Before I had a lot of Bitcoins I started to buy some random altcoins. So if I just held my Bitcoin only even though there were a lot of bear markets already, I should've lot of Bitcoin and less of losses.
Well, it's very lesson for me because I was a beginner before, for sure a lot of people can relate to me.

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October 31, 2023, 03:52:19 AM
 #11

1. Beginning of bear market after my first profitable trade.
2. I want to forget my initial losses when I played on bitcoin casinos. It hurts me nowadays too, but I will try to forget it because if I tried to recover it I know I will lose what I have now.
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October 31, 2023, 04:06:26 AM
 #12

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.
Before I had a lot of Bitcoins I started to buy some random altcoins. So if I just held my Bitcoin only even though there were a lot of bear markets already, I should've lot of Bitcoin and less of losses.
Well, it's very lesson for me because I was a beginner before, for sure a lot of people can relate to me.
Just like when I was a beginner, and at that time I was still very easily tempted by altcoins and new altcoins. And when the market was bearish, the altcoins I owned experienced huge losses, plus several new altcoins ended with nothing.
However, as time goes by I understand that when the market is bearish, altcoins experience sharper and higher declines and losses compared to Bitcoin which only experiences small losses. And all of these are very valuable lessons and they all start from beginners because we learn from babies who can just crawl until we can stand and run.
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October 31, 2023, 04:22:25 AM
 #13

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.
One thing in my memory way back 2017 that I want to forget is not having a back up copy of my wallet address and keys. That's one of the worst thing that happened to me when I was a beginner in
blockchain, bitcoin and crypto world. My desktop was accidentally reformat and All the coins that I acquired in bounty campaign, white paper translation and some side hustle in crypto was loss in just a snap. I don't have any back up which resulted of losing huge amount of money. Charge to experience and one of the biggest lesson for me.



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October 31, 2023, 04:48:12 AM
 #14

Bad memorized and difficult for forgetting related to Bitcoin when first time investing on hype project investment, did you heard about MGM investment? I use many bitcoin invested there and bad memorize when looking with my bitcoin deposit fund history and want to get back my fund. First time I know with bitcoin trough MGM investment and have positive viewed because I can earned another way trough bitcoin investing or trading not only for payment with MGM hype project.
Another bad memorize when selling bitcoin still in lower price, but all bad memorize could be experience to be better in the future with bitcoin investment and actually earn much profitable as possible.

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October 31, 2023, 05:29:02 AM
 #15

I think it would be the time when I thought DodgeCoin was a waste of money and I could have bought it for next to nothing.  Roll Eyes  I also did the same with Shiba Inu ...when it came out and after Elon Musk hyped it, the price went balistic, so I would have made a killing if I bought a shitload of those tokens.  Tongue

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

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October 31, 2023, 07:47:32 AM
 #16

I’ve had plenty of negative experiences. I’ve invested in shitcoins, lost way too much gambling, got scammed a few times. I’ve learned important lessons from these mistakes so I wouldn’t necessarily want to forget them but it’s something I’ve compartmentalized in order to avoid feeling distressed about it. 

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October 31, 2023, 07:56:54 AM
 #17

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.
It is when I have ignored buying when I was still new. Not buying a lot is one of my regrets because I was still trying to learn what Bitcoin was when I was still a newbie. Because of the proliferation of scams and unknown schemes, that had made me not purchase a lot even though I am not rich but has a little savings several years ago. But still, I was able to stay on Bitcoin and learned along the way on what Bitcoin really was and those skeptics like me for a short period of time or not really a skeptic because I was still unsure probably have the same thoughts during the early days.

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October 31, 2023, 09:19:00 AM
 #18

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.
not buying again after Bitcoin's price crashed in 2018 after the ATH in 2017, I had the funds to buy at least 1 bitcoin at the time, and I wanted to buy but I didn't do it because of FUD.

not that I want to forget this memory even though every time I remember it, I feel some kind of regret for not going through with what I wanted to do.

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October 31, 2023, 09:39:57 AM
 #19

The one thing I always want to forget that is related to Bitcoin, was when I was hooked on online casinos. I'm using BTC to wager, I spend so much on it as the price of Bitcoin is not that high. But then seeing the price of Bitcoin from 2017, the price of Bitcoin suddenly goes up.
I want to forget what happened to me that time as I regret what I did. I spend a lot of money instead of holding it. Anybody might say during that time it was still not valuable, but still, if only I hold it I may be able to spend it in a better way.


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CageMabok
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October 31, 2023, 09:53:01 AM
 #20

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 only regret the several mistakes I have made for myself through several exchanges, because in the past I more often entrusted certain exchanges to store assets. Even though that was the wrong way, I started to change the pattern to be more different by taking all the assets on the exchange and moving them into my personal wallet.

Apart from that, I was also deceived by an unknown person via email who offered me many benefits, but he shared how it worked via a phishing link which made me have to reset the device that I was using at the time. Because he managed to take all my assets even though at that time I didn't have many crypto assets and the rest I had also made a mistake with a withdrawal which resulted in losing assets due to adding the wrong wallet. However, I consider this a normal mistake which can make me learn to be more disciplined and also be more careful so as not to experience the same thing again in the future.

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