The mistake I made some years ago - page 2.

Mauser

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Quote from: sokani on January 04, 2023, 08:41:32 PM

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.

That is really sad to be involved with Bitcoins in 2016 and not buying large amounts back then, I made the very same mistake like you. My first introduction into Bitcoins came in also in 2016 when I was trading CSGO skins actively. Every time I cashed out my winnings for real money the websites offered me withdraw the money from the exchange in Bitcoins at a much lower fee than via bank transfers. So for roughly 1 year I was buying and selling bitcoins a lot and managed to get my hands on a lot of coins. In one case opening alone I managed to get a 1000 USD skin which was my biggest profit. For that I bought a new bicycle which got stolen 2 years later. Sometimes I still think about if I just had kept all my bitcoins back then and not sell any, it would have been a nice profit today. Unfortunately we can't turn back time and need to live with our decisions. At least I learned from that to never sell all my bitcoins ever again.

Kaliandra

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most people must have experienced failure first, but for those who have experienced failure it must be made a lesson for the future so that
more careful.

need to remember most successful people, must have failed at first. I hope that in the future you will be successful.

Fullcoinese

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Quote from: Flexystar on January 11, 2023, 03:52:12 AM

Sadly, situation is not same for everyone.

you are not alone, experiences like that are felt by more people. save bitcoins when we have enough left over every month. but in the end, what is accumulated must also be reduced little by little to cover the needs that are not covered by our monthly income.
but still grateful even though disappointed. because finally the assets collected can also be utilized. maybe a failed investment plan. but Bitcoin has already helped enough people's lives.

Flexystar

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Got such bad experience all the time. It's unrealistic to how the prices of bitcoin is soaring all the time and we are not there when it was tiny one. Thats what they call as missing the train and I can concur that I have missed this train many many times myself. Problem is not with my patience or my hodling capacity but it is about the requirement of money on monthly basis. I could not save up everything in the crypto, I need to sell bitcoin many times to keep up with the daily needs. I am not sure how those guys are hodling all the time, but they might be having some serious real world job with good paycheck every month.

Sadly, situation is not same for everyone.

Kakmakr

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I say, "Do not cry over spilled Milk" .... just learn from that mistake and push forward with the new knowledge that you acquired. I had many friends who got into the same situation with these Ponzi schemes and even after several warning, still invested money into it.

Then they got burnt and now they are blaming "Bitcoin" as the evil technology.... not the stupidity of them investing in a Ponzi scheme that used Bitcoin as a payment option. (It is important to notice the underlined and bold section of this sentence)

You handled this brilliantly .... you learnt from the mistake... acquired the correct knowledge... and tried again. Well Done!

LittleBitFunny

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The first decentralized crypto betting platform

Quote from: Marykeller on January 10, 2023, 02:43:58 PM

As a newbie in crypto, if you are not properly guided in it, there's a very tendency for you to fall victim to scams as a newbie. Sadly, you lost your bitcoin in such a manner. Nevertheless, as you are already aware of what the future of bitcoin can be if you choose to hodl it for years, that means you have learned that an investment made in bitcoin today can give you many profits in the future.

Actually, the bear mistake is the best time to fill your portfolio with bitcoin if you have a long-term investment plan on bitcoin.

If you joined the cryptocurrency market in 2014, it could be said that whether it is a new or old investor, most will invest in those Ponzi projects. Because it was the only model to make money at that time, we did not have ICO, DEFI, NFT, or P2E ...,it can be said that there will be no choice to make a profit if you do not invest in Ponzi.

I think OP or anyone should not regret it because no one can know what will happen in the future. If OP regrets what he has lost, my regret will be hundreds of times larger than him when the number of Bitcoins I trade, investing at that time to hundreds of Bitcoin per day.

CryptoBuds

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HODL

Quote from: mvdheuvel1983 on January 10, 2023, 09:10:04 PM

There are a ton of people in your position that experience the same emotions whenever they reflect back on how early and "unserious" they took bitcoin about 6 or 7 years ago.
In my opinion, it's still early and anyone who doesn't hodl might have the biggest regrets of their lives. Just invest and hodl month in and month out. In another 7 years, the narrative will have changed.

At that time, bitcoin was nothing, and no one cared about it, so we didn't trust it and sold it is normal, with no regrets. But in the present, when we are still in its infancy and already know the potential of bitcoin, it would be a mistake if we do not invest now but only regret the past. I also believe that if we invest in bitcoin now and hold for 7-10 years, we will also get what we missed 7 years ago. For me at this stage, it is still called too early to invest.

Ahli38

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I seem to have pretty much the same experience with ponzi schemes. because I used to get caught up in ponzi projects and the like. even i have many donwline. But I didn't use bitcoin to invest in a ponzi scheme and I still remember that time we used TRX and Doge. I used to have quite a lot of trx and doge coins. and at that time the price was really cheap. but unfortunately I have sold them all. but what's funny is that at that time I didn't really study cryptocurrencies at all. I only play ponzi investing and because the investment uses trx and doge coins. so i bought and used it without digging deep into bitcoin and others. But the lesson I learned at that time was never to approach that kind of thing (ponzi scheme) again. because I also experienced bankruptcy because of that. And after going bankrupt, I realized and got deeper into bitcoin and cryptocurrencies. and how to build a good investment from scratch again.

now I just want to focus on raising money and investing for the long term in bitcoin. and I also trade and invest short and medium term in altcoins.because indeed the bearish market is now feasible to be used to re-accumulate bitcoins.

xSkylarx

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I was scammed also before by those pyramiding schemes, as I was just starting out and not aware of them. I think most of us went through with it or tried it out out of curiosity, but again, I learned a moral lesson from it, so we shouldn't be trying it again.

Also regarding the bitcoin that was left you are lucky that you remember it also it was huge amount . I also can relate to this but in a exchange (bittrex) i forgot my bitcoin i think last 2018 it is not huge but it help us buying needs since i sold it immediately

8rch7

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Bigger mistake I made when selling Bitcoin under $10,000 and ever cut loss when investing in Doge coins, I don't remember with how many time mistake made in cryptocurrency due early for selling cryptocurrency assets and some time most loyal become diamond hands by holding for longer time until my portfolio drop drastically.

I think if you less risk with many mistake later, make good management with your altcoin assets, don't worry when have to cut loss and make percentage with altcoin assets increase dump under 20% for cut loss. Use the same method when Bitcoin or altcoin assets holding increasing up above 20% for selling without become long term holding.

dansus021

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hahaha believe me dude your mistake can be a lesson for everyone. and you are not alone here I bet there is dozen of people who like you and I have same mistake Im totally sell of my bitcoin even bitcoin not reach 1000$ around 500-600$ and i have almost 5 BTC in total Grin

and not touching crypto for 4+ years and Im back in 2020 and broke but hey Never losing a hope right, and Never Try Never Know Right Wink

mvdheuvel1983

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There are a ton of people in your position that experience the same emotions whenever they reflect back on how early and "unserious" they took bitcoin about 6 or 7 years ago.
In my opinion, it's still early and anyone who doesn't hodl might have the biggest regrets of their lives. Just invest and hodl month in and month out. In another 7 years, the narrative will have changed.

AmoreJaz

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Leading Crypto Sports Betting & Casino Platform

Quote from: Broadanbig on January 10, 2023, 03:00:24 PM

These are the numerous mistakes we make at the initial start. At first it is a scam then fud, panic sell upon any slight down market trend. I have learnt a whole lot from these experience. I believe this type of most needs the new bie to see and read so they could learn from it. It happened really. Most of us here had such experience which we are likely regretting today if we had the knowledge then we would not have sold but hold the digital gold but we got scammed by those that knows more than we do as new bie. That I believe is amongst the Crypto experience many if us onboard this platform had before our eyes opened to know the real worth of what we are holding.

Open your eyes do not trade for peanuts!

we all started as a newbie in this market, so one way or another we all had that kind of experience. from such experience, we learned new things, tips, or tricks to survive and gain profit from this market. it is how we move on from past mistakes. no one is immune to losses or mistakes. even the so-called experts today have had their fair share of failures. so don't be too hard on yourself, we all have gone thru such phase of losing.

carlfebz2

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Quote from: Marykeller on January 10, 2023, 02:43:58 PM

As a newbie in crypto, if you are not properly guided in it, there's a very tendency for you to fall victim to scams as a newbie. Sadly, you lost your bitcoin in such a manner. Nevertheless, as you are already aware of what the future of bitcoin can be if you choose to hodl it for years, that means you have learned that an investment made in bitcoin today can give you many profits in the future.

Actually, the bear mistake is the best time to fill your portfolio with bitcoin if you have a long-term investment plan on bitcoin.

We are all ones being a noob back into those early years or previous ones on which there are really decisions and perceptions towards crypto things which ended as a disaster specially where we are really that prone when it comes to lots of scams and frauds around in the market.We do have that limited kind of knowledge which it would really be just that normal that we would be experiencing those mistakes and errors.

There's no point on making yourself do look and goes back into those mistakes because if you do keep it in mind then it would really be just giving off some stress and might be the result
that it would really be affecting on what you are currently engaging off with.

Broadanbig

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These are the numerous mistakes we make at the initial start. At first it is a scam then fud, panic sell upon any slight down market trend. I have learnt a whole lot from these experience. I believe this type of most needs the new bie to see and read so they could learn from it. It happened really. Most of us here had such experience which we are likely regretting today if we had the knowledge then we would not have sold but hold the digital gold but we got scammed by those that knows more than we do as new bie. That I believe is amongst the Crypto experience many if us onboard this platform had before our eyes opened to know the real worth of what we are holding.

Open your eyes do not trade for peanuts!

Marykeller

hero member

Activity: 1064

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As a newbie in crypto, if you are not properly guided in it, there's a very tendency for you to fall victim to scams as a newbie. Sadly, you lost your bitcoin in such a manner. Nevertheless, as you are already aware of what the future of bitcoin can be if you choose to hodl it for years, that means you have learned that an investment made in bitcoin today can give you many profits in the future.

Actually, the bear mistake is the best time to fill your portfolio with bitcoin if you have a long-term investment plan on bitcoin.

samcoin

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Leading Crypto Sports Betting & Casino Platform

Quote from: sokani on January 04, 2023, 08:41:32 PM

I got to know about BTC in 2016 through a friend who introduced me to a pyramid scheme. I bought 0.0334 units of BTC at $20.9. I didn't know the risks associated with online wallets then, so I stored it in my blockchain.com wallet. I sent the BTC to an upline member hoping to receive it back from 2 downline members I introduced to the scheme. To cut the story short the pyramid scheme turned out to be a scam and I lost my BTC. Today, I was browsing through my phone and I stumbled on my blockchain.com wallet and I decided to check it out, lo and behold the value of the BTC in my wallet left me with mixed emotions. I was happy being that even in bear market, the BTC that I bought at $20.98 has appreciated to $566.11 and also I was sad because I wish I had invested in BTC instead of the pyramid scheme.

I assume everyone in Crypto have their own story with the different types of scams that were widespreaded in a certain period of Crypto history, so I won't talk about it, but I want to draw attentions to the developed awarness among Crypto community regarding these types of scam, it was easy for them to scam people, especially newcomers like your case in that period as there weren't many resources to check the credibility of a project. Now, as many cases have happened and a lot of people have their own story, it's harder for any scam project to collect the amount of Bitcoin the old scams were collecting, most newcomers now may come across stories that prevent them from following scams as they learn from other's mistakes, as well as the scarcity of Bitcoin is increasing with the same level that people look at it as precious holding.

n0ne

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Quote from: EarnOnVictor on January 09, 2023, 01:45:51 PM

What you just posted here reminds me of the naivety that befell me in the early times I knew about crypto. I had far more Bitcoin and other crypto transactions than you, to the point that almost all the companies that were paying me for my services between 2016-2022 paid with crypto. But I was just exchanging it for fiat then until last year when I joined BTT and become serious with my trading and investment of coins.

This is painful, and I don't want to think back regarding that, and you should just let go as well.

Everyone have got some stories behind and looking back will make us feel painful. This is common, because of the growth bitcoin have attained over the short time period. Myself had experienced similar growth out of altcoins, and I missed the opportunity to sell those holdings. Later they got delisted which is the sad part. Rather than thinking about the past it is good to stay strong and focus on the present. Even then onwards it is possible to make good holding.

kawetsriyanto

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Quote from: sokani on January 04, 2023, 08:41:32 PM

~~~

It is a big lesson, you finally know that investing in Bitcoin is more trusted than others.
If you missed the opportunity to invest in Bitcoin at that time, you have another chance to invest in Bitcoin this time. We are in the bearish season, it is the best time to fill our bags. However, choose the right wallet to hold the Bitcoin until the bullrun season. Don't trust CEX wallets, it is better to keep the Bitcoin in hardware wallets or private wallets.

Quote from: erep on January 09, 2023, 01:03:45 PM

Ponzi schemes for greedy people get unreasonable profits, they deposit assets without considering the losses and fraud from ponzi schemes, but unfortunately profit is a choice to blind the mind to think. I have a different analysis from the OP case above that he has trusted a friends suggestion to invest ponzi based using Bitcoin and but he doesn't really have any bitcoins in his wallet other than just to use the deposit to the ponzi platform address, he doesn't even have any remaining balance from his wallet until now, so Op still lost $20 at the bitcoin price at the time and didn't have to remember losing $566 due to overestimation was painful.

Yep, OP just too trusted his friend, so he wants to invest in the pyramid scheme. He was probably a beginner and didn't know much about crypto investment at that time. So, we can understand that OP can be trapped in a scam project.

Basically, he lost $20 but it is valued at about $566 now.
He regrets not saving his BTC, instead invested the BTC in a pyramid scheme.

BitDane

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Quote from: EarnOnVictor on January 09, 2023, 01:45:51 PM

What you just posted here reminds me of the naivety that befell me in the early times I knew about crypto. I had far more Bitcoin and other crypto transactions than you, to the point that almost all the companies that were paying me for my services between 2016-2022 paid with crypto. But I was just exchanging it for fiat then until last year when I joined BTT and become serious with my trading and investment of coins.

Almost all of us gone through to this kind of things when we are just starting out. The good thing is that we were not discouraged, instead we continue to persevere and learn more about Bitcoin and its ecosystem. It is still early to join or rejoin the Bitcoin economy since the industry is still very young. We are still at a decade while Bitcoin mining is scheduled to last for more than 10 decades. So there is still a lot of room for Bitcoin market to grow.

Quote from: EarnOnVictor on January 09, 2023, 01:45:51 PM

This is painful, and I don't want to think back regarding that, and you should just let go as well.

Aside from moving on, we should also learn a lesson from it especially if it pains us thinking way back.

Topic: The mistake I made some years ago - page 2. (Read 682 times)