What is the Biggest mistake you made with Bitcoin?

[Minor Miner]

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.

Besides those who did not buy Bitcoin when it was cheap because they did not trust it, there are also many people who bought Bitcoin at a low price but could not hold onto it until now. Many people had the opportunity to buy bitcoin at prices even below $1k, but they sold it after it doubled or tripled. Only a select few have been brave enough to hold onto them until now.

Overall, investing in a new currency and holding it for many year is not an easy task. Therefore, there is nothing to regret if we did not buy it sooner or weren't brave enough to keep it until now.
Furthermore, as long as the market exists and the price of Bitcoin continues to rise, opportunities are plentiful. So there is no need to regret what is already happened.

[LastKiss]

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

Learning from the past makes us more aware of the potential that Bitcoin had. I still regret not holding it long enough due to my own reasons, but I’m grateful that I still have another opportunity to buy Bitcoin. Long term investing is never easy and seeing the results today when Bitcoin breaking the $100k price, brings a certain pain to our memories. We probably asking ourselves questions like Why didn’t I buy it earlier? Why didn’t I just hold? Why was I wasting time playing games instead?

Looking for the next 10 years we could see Bitcoin become far more mainstream. Even today, many people still don’t know what Bitcoin is or how to buy it. This reminds us that the journey for Bitcoin is far from over and that opportunities may still available. Additionally, more countries will begin adopting Bitcoin as part of their national treasury strategies, further strengthening because its long term potential.

[Hanadawa]

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.

Besides not believing in Bitcoin, I think another reason why many people didn't buy Bitcoin when it was still cheap in the Satoshi era was because they didn't have the money because they were still in school, or because they didn't have the knowledge about Bitcoin and blockchain technology at the time. I mean, if Bitcoin was still worth $1, I think everyone could have bought at least a few Bitcoins. Most people I know who regret buying Bitcoin are because they didn't understand its potential and couldn't see the future of Bitcoin. Because if it's just a lack of belief, I think if you have some knowledge about Bitcoin technology, there's no harm in buying at least one or two Bitcoins.

[Rubuchi]

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.

not all was even all about sacrifices but also about awareness. Many people would have sacrificed a good amount of money they had at their disposal then if they had knew about the cryptocurrency much earlier, some people here have money they were not using and did not even know what to do with, many of such kinds of people would have invested it in bitcoin if they had a prior knowledge about the technology much earlier.

[saphire24]

This is very relatable. Many people (myself included) made the mistake of buying late and selling early because of impatience. Learning to think long-term really changes how you see Bitcoin.

[melinoe]

The mistake I made is not knowing about BTC earlier, and even when I did, I didn't dig enough.

Still, it's more of a regret than a mistake.

[Giwagi56]

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 is that I did not believe Bitcoin from the first day and I did not blame myself because I never understand Bitcoin when the price is still in good, I know that you can invest in Bitcoin any time and you can't say that you can not buy Bitcoin because the price is high but how I wish I understand Bitcoin from the beginning when people are doubting it and think it is an investment that will cause people to lose their money, doubting Bitcoin is one of the biggest mistake people will ever made in their life because people that believe it are the one that are enjoying it now.

[demonica]

Maybe not that big but personally, the mistake I regret is that I didn't increase the Bitcoin I'm holding slowly even if it's by a small amount. And I sold it a bit early.

I started my Bitcoin journey when I was still a student, and I could've continued buying Bitcoin even in small amounts back then whenever I had funds. Most importantly, I should've kept holding it. However, due to some circumstances that had happened back then, I had to sell mine... I was still young back then and didn't fully realize yet how important it would be if I just kept holding it rather than selling my bitcoin. Could've changed my life if I made the right choice.

[Padi24]

My biggest mistake I make with Bitcoin?

Well, I don't think if I have ever make any mistake with Bitcoin. The most reason why I have never make any mistake with Bitcoin is because i was never curious in the process I took my time to learn the things I need to know about Bitcoin, and that's what help me all throughout the journey and even till now I'm still on the journey and I must say that I encountered so many challenges but thank goodness I was able to scale through, and even when the market was dipping yet I just remain positive due to the fact that I learnt from the best and he thought me how to stay disciplined.

[snowpega]

Learning from the past makes us more aware of the potential that Bitcoin had. I still regret not holding it long enough due to my own reasons, but I’m grateful that I still have another opportunity to buy Bitcoin. Long term investing is never easy and seeing the results today when Bitcoin breaking the $100k price, brings a certain pain to our memories. We probably asking ourselves questions like Why didn’t I buy it earlier? Why didn’t I just hold? Why was I wasting time playing games instead?

Looking for the next 10 years we could see Bitcoin become far more mainstream. Even today, many people still don’t know what Bitcoin is or how to buy it. This reminds us that the journey for Bitcoin is far from over and that opportunities may still available. Additionally, more countries will begin adopting Bitcoin as part of their national treasury strategies, further strengthening because its long term potential.

Well, mate, my situation is kind of relatable to yours. Because I have to sell my bitcoin for some solid reason, but I would not say that I have not made any profit from it, and really made a good profit from bitcoin after just holding it for around 3 years. I took entry in the Bitcoin market in 2023, so till now it is not so long time frame. We still have time to start accumulating bitcoin so that we can make from in the next bull run or in the next 10 years after holding it for a long time.

Past mistake makes us strong, no doubt, but in my case, it was not a mistake of mine selling my coins that time because I really needed that money for some reason. But what I learn a lot of things during all that time, which will really help me a lot in the coming time to accumulate more and more coins at the goods point, like whenever the market gives me a buying opportunity, I will surely accumulate it. DYOR!

[Pi-network314159]

i dont think i have made any mistake with bitcoin, the only thing i can say is that when i first head about bitcoin, i didn't accumulate bitcoin rather i accumulated large number of shitcoin hoping i could get what i wanted from bitcoin in return, but however i lost all those money to dust coins. now my regret is not investing in bitcoin when i got the information earlier, rather wasting them on shit coins.

[Hazink]

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 not a mistake that I have made with Bitcoin but a lesson which I have learned. I have learned that, no matter the value of Bitcoin, when we sell and no matter how long we hold, we can never get all the profit in Bitcoin. It will keep on increasing in value, so for me, I take profit when ever there is need and I never regret my action for doing that as we have plenty of time to invest and make more profit in the future.

[Hispo]

i dont think i have made any mistake with bitcoin, the only thing i can say is that when i first head about bitcoin, i didn't accumulate bitcoin rather i accumulated large number of shitcoin hoping i could get what i wanted from bitcoin in return, but however i lost all those money to dust coins. now my regret is not investing in bitcoin when i got the information earlier, rather wasting them on shit coins.

You got me curious.
What are those projects you decided to give a chance before getting into Bitcoin (as a financial investment)?

Because there have been some projects which could have been considered to be shitcoins since the first moment they launched, and they they are within the top 30 of coins by market capitalization, the best examples of it are Dogecoin and Shiba Inu.

How bad you can go with projects that you regret getting money into them?

[ZAINmalik75]

The mistake I made is not knowing about BTC earlier, and even when I did, I didn't dig enough.

Still, it's more of a regret than a mistake.

It's obviously not a mistake if you didn't know about Bitcoin earlier, the mistake is that you didn't give it much importance when you came to know about it and didn't try to gain knowledge about it because if you had done that, you could obviously be in a lot of profit right now if you had kept holding until the recent bull run where Bitcoin crossed $125k. When I first came to know about Bitcoin, I couldn't hold myself back from trying to know more about it because I was curious how a coin or a currency can have such a high value because I had never heard of any currency being worth that much.

At that time, I was only just a student, so even if I wanted to, I wouldn't be able to make any investments in it because I didn't have any money that could have been enough for me to make an investment in Bitcoin, but if someone came to know about it, had the funds to invest, but simply ignored it, then they surely made a mistake that they will remember their whole life, because whenever they think about investing in Bitcoin, or simply use cryptocurrencies, they will remember that they could be owner of a lot of money if they had invested early.

[GeorgeJohn]

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

Why did you seems such as a mistake? I disagree with you that you bought Bitcoin late...no time you purchase bitcoin is late, people who may decide to buy bitcoin this year, maybe on better chance to make profit from bitcoin in future.

I thought bitcoin works better on short-term trade instead of long-term trade,

It depends on the decisions on the investor, that will determine if it hold his bitcoin for long-term or short-term, the decision is left for the hands of the holder...bitcoin even works better when you hold for long-term

when I started trading with Bitcoin, I was so impatience which made me, never to gain any good reward,

That means you understand the concepts of bitcoin trading before you venture into it...when you join trading because others are trading and also making profit out it, if you join without knowing the basic foundations of trading, you will end up losing..

[SirLancelot]

Considering I have been around forever, I would say not being a billionaire is a fair way to say I made a mistake . Reality, I had a period where I could have made a lot more, and I mean a lot more money thanks to a business I had in 2014 and 2015 and it was doing good, but someone wanted to buy it and at that time they paid me about 10x of what I was making per month, so I was basically getting one year worth of money instantly. I sold it, should have kept it, right now they are making thousand a month.

Mistakes in the past cannot be overridden but not committing same mistake would be the only benefit of the past. Now I will not sell my bitcoin now all at once but may go for 50% selling to do swing trading, this way I am just trying to erase my early days' mistakes.

[Achalugo BTC]

Besides those who did not buy Bitcoin when it was cheap because they did not trust it, there are also many people who bought Bitcoin at a low price but could not hold onto it until now. Many people had the opportunity to buy bitcoin at prices even below $1k, but they sold it after it doubled or tripled. Only a select few have been brave enough to hold onto them until now.

Overall, investing in a new currency and holding it for many year is not an easy task. Therefore, there is nothing to regret if we did not buy it sooner or weren't brave enough to keep it until now.
Furthermore, as long as the market exists and the price of Bitcoin continues to rise, opportunities are plentiful. So there is no need to regret what is already happened.

On point, no matter how valuable or beneficial Bitcoin is, its never easy to hold Bitcoin for so long and just as you said, the market is still here and opportunities will keep coming.
What people are ought to do, is just to keep learning, do all the necessary adjustments, forget the past and keep moving on because the rise of Bitcoin is still increasing which there is a chance for everyone who wants to be a part of it or who want to keep holding.

[YOSHIE]

What is the Biggest mistake you made with Bitcoin?

Overall, there are almost no mistakes ever made with Bitcoin, except for one thing and to this day I regret that mistake, namely not buying when the price of Bitcoin was at the $6000 level.

I once read a story about someone selling their house at that time, all the money was used to buy Bitcoin, just imagine if he bought it at $6000 at that time and held on until now, let's say he bought 5-10 Bitcoin, it's unimaginable.

Well, that was my mistake, because at that time I was not sure that Bitcoin would reach the $100k level it is today, if time could be turned back, maybe I will do it, but it's impossible, aka it's nonsense, I'll probably learn a lot from the mistakes I've made in the future.

[internetional]

In 2016, I decided to try long-term trading. The strategy was simple:

* if the Bitcoin price doubles, I sell half of my Bitcoins;
* if the Bitcoin price drops by half, I buy back the Bitcoins I sold.

I allocated 8 Bitcoins to this experiment and started trading. I traded for five years, and throughout all those years the strategy seemed perfect to me. It generated decent profits with no risks whatsoever.

But in early 2021, someone asked me how much capital I was operating with at that moment. And I was very surprised to realize that this amount was only 1 Bitcoin. How could that be?! After all, all those years I had been observing steady profits! There were no losses at all!

I started investigating where my Bitcoins had gone. Maybe someone had stolen them? But no, everything added up.
* At the very beginning I had 8 Bitcoins, and the BTC/USD rate was 500.
* When the price rose to 1000, I sold 4 Bitcoins, and my balance became 4 BTC and 4000 USD.
* At a price of 2000, I sold 2 Bitcoins, and I had 2 BTC and 8000 USD.
* I kept going and going, and in the end, at the beginning of 2021, I really had 0.125 BTC and 28000 USD, which at the exchange rate of 32000 at that time was equivalent to 1 BTC.

(In March 2020, when the price on the chart dropped to 4000, I had a buy order set at 4000, but on the platform where it was placed there were no sellers willing to sell Bitcoins at that price. I am not even sure that it was actually possible to buy them anywhere for 4K back then. But even if it had been possible, my final result would not have changed very much. You can calculate it yourself and see.)

I realized that I had been tricked. More precisely, I tricked myself. I voluntarily gave away my Bitcoins and was left with dollars, which I do not need in such an amount at all. I need dollars for everyday expenses, but for my everyday expenses I needed much less than 28000. I did not plan to store my money in dollars. I bought my first Bitcoins because I considered them the money of the future. I started storing my savings in Bitcoins because Bitcoin turned out to be the safest storage method I knew and the most convenient one. But by constantly watching the price dynamics, I forgot about this. When I saw the Bitcoin price going up and down, without noticing it myself I started to perceive Bitcoin as a speculative asset, that is, an asset that makes sense to buy cheaper and sell more expensive. And this led me to losing 87.5% of my savings.

[sharplines]

Not buying when I first heard about Bitcoin. Regret that, but now I’m learning.