What is the Biggest mistake you made with Bitcoin?

[Floxynice]

I can read most of the comments saying their greatest mistakes was not buying bitcoins earlier. My question to them is, were they ready then for the sacrifices then? All those who bought bitcoins earlier made sacrifices which many of us today will never make. Back then people criticised bitcoin alot. So many people were against it and it was quite difficult to see real potentials in bitcoin. Some who bought earlier either lost their bitcoins to scammers or sold out of panic because they were not really emotionally and psychologically.

I have no regrets that I am just getting started. I believe that if I had bought bitcoins earlier, I may not be able to keep up with it because I had very poor knowledge of bitcoin then. Right now I feel very well equipped, no mistakes yet and I do not see myself making any mistakes in the future.

[Dr.Bitcoin_Strange]

The Biggest mistake I have made with Bitcoin is that i bought late and I sold it early, I thought bitcoin works better on short-term trade instead of long-term trade, when I started trading with Bitcoin, I was so impatience which made me, never to gain any good reward, but ever since I stop trying to be smarter than How Bitcoin market operates and I did more research about Bitcoin, How it’s works and How Bitcoin transactions operate my strategy has really change. I know everyone of us must have come across mistakes while using Bitcoin, you can share your experience and how you overcome your mistake.

This mistake of yours is also the mistake of so many people in the crypto space, so many people did not buy Bitcoin when the price was around $1 - $1k till $20k and as a matter of fact, many people bought Bitcoin when the price was $100k last year, that's when they probably hat the guts to buy some. Trading is very risky and many people that thought it was easy also lost most of their coins to it. I have been find myself in both situation and I think I made those mistakes too.

[hmbdofficial]

Mistakes often come along with its consequences in the crypto world every mistake is being paid with your money or coins. Thats not just it the real deal here is getting informed and how to go about investing in bitcoin as it s not thought in the school most people here actually pass through school and after they are done with studies fall back to bitcoin to make investments and start All over again.

I’ve make much mistakes with the bitcoin but I guess I was just late and thats what I always wished I had started earlier, now im still learning and moving at the same time because bitcoin is a whole lot in my opinion you can’t even know it all so I just do what I can and make something for my self the end goal is to have a good life.

[batang_bitcoin]

This mistake of yours is also the mistake of so many people in the crypto space, so many people did not buy Bitcoin when the price was around $1 - $1k till $20k and as a matter of fact, many people bought Bitcoin when the price was $100k last year, that's when they probably hat the guts to buy some. Trading is very risky and many people that thought it was easy also lost most of their coins to it. I have been find myself in both situation and I think I made those mistakes too.

People did only realized how valuable Bitcoin is when they've already lost a lot of potential profit when they've seen it very cheap before. And to analyze everyone's mistake and it's just the same of not buying when it's quite low. We have thought that it will fall down until it's no longer going down. When it's up by $20k, people thought that its low of $3k will be repeating again but it didn't. So, to everyone who's made that mistake before, I am sure that each of you have learned the lesson that you should continue with your plans to hold no matter how big or small you have.

[vanesha]

The Biggest mistake I have made with Bitcoin is that i bought late and I sold it early....

One of the things we regret most—but also fail to learn from—is that we are often too quick to sell and too late to buy. This is a common and widespread mistake that almost every crypto trader experiences.
The real problem is not the act of buying or selling itself, but how well we can control ourselves and maintain full control over the decisions we make in trading. We should not depend on anyone’s analysis, not even premium channels. Instead, we must do our own analysis, make our own decisions, and bear the risks ourselves. This is the most appropriate and responsible choice to deal with this issue.

[Bitcoin_people]

The Biggest mistake I have made with Bitcoin is that i bought late and I sold it early, I thought bitcoin works better on short-term trade instead of long-term trade, when I started trading with Bitcoin, I was so impatience which made me, never to gain any good reward, but ever since I stop trying to be smarter than How Bitcoin market operates and I did more research about Bitcoin, How it’s works and How Bitcoin transactions operate my strategy has really change. I know everyone of us must have come across mistakes while using Bitcoin, you can share your experience and how you overcome your mistake.

My biggest mistake was that when I bought it, the price was very low but later I sold it for a small profit. Although this was a long time ago, the price of Bitcoin was not so high at the current level of the market, if I had held on to my Bitcoin instead of selling it, I would have certainly accumulated a good capital. The mistakes I made in the past were selling Bitcoin out of patience instead of putting it away, which caused me a lot of pain and suffering. If I had held on to it since then, I would have gained a lot of value now. However, I have a plan, if the market starts to fall and Bitcoin is dumping, I will buy it again and hold it for a long time.

[terrific]

The Biggest mistake I have made with Bitcoin is that i bought late and I sold it early....

One of the things we regret most—but also fail to learn from—is that we are often too quick to sell and too late to buy. This is a common and widespread mistake that almost every crypto trader experiences.
The real problem is not the act of buying or selling itself, but how well we can control ourselves and maintain full control over the decisions we make in trading. We should not depend on anyone’s analysis, not even premium channels. Instead, we must do our own analysis, make our own decisions, and bear the risks ourselves. This is the most appropriate and responsible choice to deal with this issue.

It's not only in trading but also having bad decisions in investing.
Sometimes, we wait for others on how they're going to react if the market is going down. If we don't see people telling that they're buying, we won't.
But if we see people telling that they've been buying, that's the motivation that we get in order for us to buy and keep our investment in BTC on track.
Many investors and traders have become lazy and they are depending on others personal decision and not themselves, do not do this if you want to survive on this market.

[Kelward]

The biggest mistake that I made with Bitcoin was the same mistake that almost every Bitcoiner today made in the beginning when it was first created and that was not buying then. I remember a friend convincing me to buy Bitcoin when it was a few dollars but I declined because I thought that it was a scam due to the then recent experience of a Ponzi scheme called MMM that many people lost their money. If I had bought many Bitcoin and still held a good amount of it today I would have been a millionaire today. It is better late than never I'm holding some sats today which I hope to grow into 1 or more Bitcoin in the future.

[Muba20]

The Biggest mistake I have made with Bitcoin is that i bought late and I sold it early....

One of the things we regret most—but also fail to learn from—is that we are often too quick to sell and too late to buy. This is a common and widespread mistake that almost every crypto trader experiences.
The real problem is not the act of buying or selling itself, but how well we can control ourselves and maintain full control over the decisions we make in trading. We should not depend on anyone’s analysis, not even premium channels. Instead, we must do our own analysis, make our own decisions, and bear the risks ourselves. This is the most appropriate and responsible choice to deal with this issue.

It's not only in trading but also having bad decisions in investing.
Sometimes, we wait for others on how they're going to react if the market is going down. If we don't see people telling that they're buying, we won't.
But if we see people telling that they've been buying, that's the motivation that we get in order for us to buy and keep our investment in BTC on track.
Many investors and traders have become lazy and they are depending on others personal decision and not themselves, do not do this if you want to survive on this market.

Yes, if you invest in Bitcoin depending on others, then that investment may be damaged. As much as you think about your investment, it may not be the same for others. Some people may ask you to give up that coin if you make a small profit in investing. Again, they may delay you in investing because the price may decrease at some point. If you do not invest on your own, then that investment will never result in a big return.

You have to plan and invest according to that plan. You must have a clear idea about whether Bitcoin is being purchased for long-term holding or whether it will be invested for short-term profit in trading. In any situation, no matter what the price of Bitcoin is, if you can deposit Bitcoin regularly by following DCA, then those who will hold it for the long term will not have to depend on anyone. Investors should give priority to their own analysis and ideas.

[BlackBoss_]

Yes, if you invest in Bitcoin depending on others, then that investment may be damaged. As much as you think about your investment, it may not be the same for others. Some people may ask you to give up that coin if you make a small profit in investing. Again, they may delay you in investing because the price may decrease at some point. If you do not invest on your own, then that investment will never result in a big return.

People must be very independent with their thinking and decision on investment their money in Bitcoin or not. Investment decision and practice should never be dependent on the others' opinion and actions, because by practicting like this, that investor will have very weak mindset and unstable thinking that are sources of emotional decisions later like panic sells.

We know that in the volatile market, if people act with money and portfolio in emotional ways, they will have higher risk of losing money than the others. They will very possibly belong to the majority in the market, the loser crowd.

[terrific]

It's not only in trading but also having bad decisions in investing.
Sometimes, we wait for others on how they're going to react if the market is going down. If we don't see people telling that they're buying, we won't.
But if we see people telling that they've been buying, that's the motivation that we get in order for us to buy and keep our investment in BTC on track.
Many investors and traders have become lazy and they are depending on others personal decision and not themselves, do not do this if you want to survive on this market.

Yes, if you invest in Bitcoin depending on others, then that investment may be damaged. As much as you think about your investment, it may not be the same for others. Some people may ask you to give up that coin if you make a small profit in investing. Again, they may delay you in investing because the price may decrease at some point. If you do not invest on your own, then that investment will never result in a big return.

You have to plan and invest according to that plan. You must have a clear idea about whether Bitcoin is being purchased for long-term holding or whether it will be invested for short-term profit in trading. In any situation, no matter what the price of Bitcoin is, if you can deposit Bitcoin regularly by following DCA, then those who will hold it for the long term will not have to depend on anyone. Investors should give priority to their own analysis and ideas.

I think that the majority of Bitcoin buyers aren't short term investors or traders. Most are set into long term holding.
Anyone who sees the future with bitcoin, they're going to hold it firmly so that they won't spend any of it until the price becomes more expensive.
Everyone is thinking to have more of it and continue with what they have started to DCA, without even analysis why they have to hold it makes it easy for one to hold it long term.

[Faisal2202]

The Biggest mistake I have made with Bitcoin is that i bought late and I sold it early, I thought bitcoin works better on short-term trade instead of long-term trade, when I started trading with Bitcoin, I was so impatience which made me, never to gain any good reward, but ever since I stop trying to be smarter than How Bitcoin market operates and I did more research about Bitcoin, How it’s works and How Bitcoin transactions operate my strategy has really change. I know everyone of us must have come across mistakes while using Bitcoin, you can share your experience and how you overcome your mistake.

This is actually so true even if to someone it feels a bit odd like how can the knowledge of btc transaction operate can change the strategy for someone in their trading but it don't affect it directly it leads to the information of some other things and that leads to other and so on a person exploring it all come to know most of the data needed to grow profits in btc trading.

Mostly it depends on the fundamental sentiments, news coming from fed, trump and some other influential countries can do the same, but my biggest mistake was to sell to invest in alts haha as it was not even the selling but investing that money into alts.

[AmaGold70]

The Biggest mistake I have made with Bitcoin is that i bought late and I sold it early, I thought bitcoin works better on short-term trade instead of long-term trade, when I started trading with Bitcoin, I was so impatience which made me, never to gain any good reward, but ever since I stop trying to be smarter than How Bitcoin market operates and I did more research about Bitcoin, How it’s works and How Bitcoin transactions operate my strategy has really change. I know everyone of us must have come across mistakes while using Bitcoin, you can share your experience and how you overcome your mistake.

My biggest mistake was doubting Bitcoin when I first heard about it from a friend and it was even cheaper at that time, few years ago I was an unbeliever because I thought it was a waste of time to hold an investment for a long period of time before making profit and I was one of the many people that saw Bitcoin as a scam though I didn't criticize it publicly on any social media platforms but now that I have been in the crypto space for almost two years I know better and I try not to regret my past mistakes because there's always time for anyone to still invest because I say that Bitcoin is timeless. I made a mistake but I didn't let it stop me from investing still in Bitcoin and that's all that matters to me.

[Kelvinid]

I am more smart in dealing with bitcoin these days so I think having mistakes are no longer seen. But maybe when bitcoin was still in its early phase, I really doubted it if its really here to stay longer or will just vanish in the air just like others, so I only bought a very small amount even if the price that time was so much affordable.

Now, I've been thinking if I have maximize my investment way back then, I maybe rich this time and is living a good life. But I still believe there's always a time for that, as long as I will always make sure to accumulate bitcoin every now and then, when budget is not limited.

[qwertyup23]

The Biggest mistake I have made with Bitcoin is that i bought late and I sold it early, I thought bitcoin works better on short-term trade instead of long-term trade.

We somehow share the result but different experience.

In my case, majority of the BTCs I received from signature campaigns in the past (early ~2017) were quickly withdrawn by me to fund my college life. Most of the time, I spent it for food, study materials, personal leisure, and hobbies that seem worth it during those times. Looking back, I regret it so much to the point that it irritates me whenever I think about it; and on how my younger self should've known better.

Well in hindsight, that experience taught me a very invaluable lesson- HODL and save your BTCs for long-term growth. The more faith you have on its price increasing in the future, the more determination and patience you would become as an investor.

[Cgrexp]

I think when someone enters an investment in a new situation, it becomes a little difficult to resist the mentality of taking profits if the price increases. And in my case, it happened where when the price increases, I felt that I had taken profits, that once I took profits, nothing would happen. And thinking about this, I took profits a few times. But I think if I had done it repeatedly, maybe the mentality of holding for the long term would have been erased from my mind. Anyway, even though I made mistakes a few times but I have broken the habit of taken profit. But yes, sometimes I wonder why I did not invest in Bitcoin earlier even though I could not afford to invest a few years ago.

[Lorence.xD]

Thankfully I haven't experienced what you've went through OP that's because I've been hodling even after the new ATH, I didn't budge, I know that if I get out too early and not at my target price, I might regret it and here I am with a really good bitcoin portfolio not worried that I've sold too early, it also helped that I got into bitcoin when people keep on pounding the HODL mentality because there's a future that bitcoin will go up exponentially. Probably my mistake is that I didn't buy enough and when I had the extra money that there's nowhere to go, I didn't put it into bitcoin.

[Zanab247]

Bitcoin is always a long-term asset. The longer you can hold Bitcoin, the more profitable you can be. You have to wait at least one cycle to profit from Bitcoin. If you are motivated to sell Bitcoin after buying Bitcoin and the price drops slightly or increases slightly, you will not be able to achieve the desired profit from Bitcoin.
And if you ask me to analyze my case in buying Bitcoin, I will say that I am still running DCA and I want to hold it at least until 2041 when I will be 40+ so that I can use the profit from Bitcoin to educate my children at that time.

Is not compulsory that you must hodl BTC for long time, because if you are not capable of hodling BTC for long time you can hodl BTC for short time to be earning small profit from BTC. Am not saying there is no reward from hodling BTC for long but if you have other sources of income you can hodl BTC to your satisfaction before you can sell to earn what will boost your financial status. Using that strategy to accumulate BTC is a good one but know that you are not selling your BTC in a short period of time, because you will be buying BTC weekly or monthly from the market.

The major thing that is making people to regret for their decision is to sell in the bear run to get money to solve some financial issues , because if not for financial issues some people would have been making massive profits from long time hodling.

[Stable090]

This mistake of yours is also the mistake of so many people in the crypto space, so many people did not buy Bitcoin when the price was around $1 - $1k till $20k and as a matter of fact, many people bought Bitcoin when the price was $100k last year, that's when they probably hat the guts to buy some.

Many people didn’t buy bitcoin when the price was still so cheap, they didn’t believe bitcoin price will get to the price that bitcoin is right now and that was the reason why most people didn’t invest in bitcoin when the price was still low.

Just few people were able to invest in bitcoin when the price was so low, and some people didn’t even get to know about bitcoin early. Even right now there are some people that haven’t heard about bitcoin before, some don’t also have trust in bitcoin and they just observing bitcoin price. I didn’t get to know about bitcoin early, and when I knew about bitcoin, I wasn’t financially stable, but we can invest at any time, when it’s comes to bitcoin investment you can’t be late.

[Makus]

Not taking advantage of bitcoin early has to be my biggest mistake i made but reflecting on your mistakes isn't really going to solve anything. people that invested as early as 2010 have been able to get something substantial from it and most of them are established today. But bitcoin is still filled with more opportunities to come and it is smart to start accumulating as much as you can now so that you are not going to start another lane of regrets in the next 10 years from now  because at the time bitcoin would definitely do well