I dare say that not only you but almost all of us here have made the same mistake as you, and this is normal, nothing to regret because then we were all newbies and didn't have any experience in the market. If you regret your bitcoin, I will regret it a thousand times more than you because I used to buy and sell a few dozen to a few hundred bitcoins in 2014 and 2015 when the bitcoin price was at a few hundred dollars.
No one knows the future and those experiences tell us that investing in bitcoin is never a bad decision and we should start over as soon as possible. Don't just regret, but let the opportunity pass again.
Topic: The mistake I made some years ago - page 4. (Read 744 times)
Mistakes happen but what made the mistake worth it is that we learn from it. Nothing much to say but it is never too late if we start accumulating now. We have 1 more year for halving and 2 years for possible another record breaking ATH so we have plenty of time to fill our purse with Bitcoin.
If I am not mistaken, @OP lost the coins that he bought in 2016, since he sent it to his upline in hopes that his downline will do the same a typical pyramiding scheme where your upline earn from you and you earn from your downline, he sent it in hopes that it will double if his 2 downline follow the process but sadly his 2 downline is wiser and never sent BTC to their upline which is the OP.
I wouldn't call it as a mistake, it's a small achievement for you since you can hold it after 3 years, so congratulations for holding Bitcoin after 6 years. At least you're accidentally remember your old wallet and your cellphone still able to survive for six years long, usually people change or lost their phone after 2-3 years.
The most important part is, just buy Bitcoin when it's still cheap and hold it for long time.
The most important part is, just buy Bitcoin when it's still cheap and hold it for long time.
If I am not mistaken, @OP lost the coins that he bought in 2016, since he sent it to his upline in hopes that his downline will do the same a typical pyramiding scheme where your upline earn from you and you earn from your downline, he sent it in hopes that it will double if his 2 downline follow the process but sadly his 2 downline is wiser and never sent BTC to their upline which is the OP.
I wouldn't call it as a mistake, it's a small achievement for you since you can hold it after 3 years, so congratulations for holding Bitcoin after 6 years. At least you're accidentally remember your old wallet and your cellphone still able to survive for six years long, usually people change or lost their phone after 2-3 years.
The most important part is, just buy Bitcoin when it's still cheap and hold it for long time.
The most important part is, just buy Bitcoin when it's still cheap and hold it for long time.
I completely agree with you because that's not a mistake to use bitcoins. Instead of calling it a mistake I call it a lesson and an experience to help me in the future, just like you said, all these transactions histories and prices show he is using these wallet addresses for a long time and that's very good to see unlike many other people he could save this wallet for this long time and during this time he got obviously many lessons and this is one of them.
Almost everyone here has made one or two mistakes that they now regret, due partly to how difficult it is to trust something new that comes your way as quickly as possible.
Many people learn about Bitcoin when the price is very low, but fail to invest because it came with a different idea that some people with less knowledge about technology and the internet can't simply accept very quickly, which is why most people miss out on early Bitcoin investment.
There is no price too high for you to buy Bitcoin if you truly believe in the transparency and future of Bitcoin because it has given us control over our wealth by allowing us to conduct transactions without the involvement of a third party such as banks.
Many people learn about Bitcoin when the price is very low, but fail to invest because it came with a different idea that some people with less knowledge about technology and the internet can't simply accept very quickly, which is why most people miss out on early Bitcoin investment.
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.
It is not too late to invest because we anticipate a price increase in the coming years.There is no price too high for you to buy Bitcoin if you truly believe in the transparency and future of Bitcoin because it has given us control over our wealth by allowing us to conduct transactions without the involvement of a third party such as banks.
Right, an actual pyramid scheme actually sold actual bitcoin? That's definitely the first time I've heard of it. Pretty sure you're referring to one of those Bitcoin doublers or HYIP thingies (I know it's pedantic but it does make a difference).
You never lost it if you never withdrew them to your own wallet, which at least OP did
To be fair, I've used "cloud mining" sites that actually paid out, but they were paying out cents for a lot of work on your end. Wouldn't call them scams, just a big waste of time.
I didn't lose the Bitcoins that I bought thru a pyramid scheme, but I lost the Satoshis that I got from faucets in a cloud mining website that turned out to be a scam.
You never lost it if you never withdrew them to your own wallet, which at least OP did
To be fair, I've used "cloud mining" sites that actually paid out, but they were paying out cents for a lot of work on your end. Wouldn't call them scams, just a big waste of time.
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I'm pretty sure we all have the same mistakes that we've made years ago.
I didn't lose the Bitcoins that I bought thru a pyramid scheme, but I lost the Satoshis that I got from faucets in a cloud mining website that turned out to be a scam. It might sound funny but if only I kept all of my earnings in faucets and decided to hold it until now or at least at the peak of 2021, I might've earned some huge money for free just by solving those captchas and holding it for a very long time. Unfortunately, I was a newbie back then and I learned from it. Aside from that, it's also my last time that I tried to do faucets and didn't do it until now.
For sure, we've all made some huge mistakes in the past. Things like "A friend introduced you to Bitcoin years ago and you ignored it..." or "I sold my Bitcoins that I bought years ago and if I held it for a longer period of time, I might've got more profits..." etc. We can't control it anymore because it's the past but what we can control is our future. Learning from our mistakes is the best thing to do. Making better decisions for the future is the best thing to do.
I didn't lose the Bitcoins that I bought thru a pyramid scheme, but I lost the Satoshis that I got from faucets in a cloud mining website that turned out to be a scam. It might sound funny but if only I kept all of my earnings in faucets and decided to hold it until now or at least at the peak of 2021, I might've earned some huge money for free just by solving those captchas and holding it for a very long time. Unfortunately, I was a newbie back then and I learned from it. Aside from that, it's also my last time that I tried to do faucets and didn't do it until now.
For sure, we've all made some huge mistakes in the past. Things like "A friend introduced you to Bitcoin years ago and you ignored it..." or "I sold my Bitcoins that I bought years ago and if I held it for a longer period of time, I might've got more profits..." etc. We can't control it anymore because it's the past but what we can control is our future. Learning from our mistakes is the best thing to do. Making better decisions for the future is the best thing to do.
Removing the ponzi story, those were like the golden days of our lives when we take time to look at our accounts and by the time we had it years ago.
It's not late and there's still time and opportunity left for everybody. All of us made a mistake for which we either have sold it too early not knowing on how huge the jump of its price potentially it will be during those days.
Well, it's time to move on and face the reality and just keep it as a lesson that we should live and learn.
It's not late and there's still time and opportunity left for everybody. All of us made a mistake for which we either have sold it too early not knowing on how huge the jump of its price potentially it will be during those days.
Well, it's time to move on and face the reality and just keep it as a lesson that we should live and learn.
I think you have learnt your lesson from the mistake you made previously, currently you are regretting why you didn't invest in bitcoin in 2016, this is another opportunity for you, we are in bear market currently, I think you are having another chance to invest in bitcoin now so that you won't endup regretting why you didn't invest enough money in bitcoin in 2023, I will advice you to use this bear market opportunity to accumulate more bitcoin and hold, later in the future you will endup smiling and you will never regret why you invested in bitcoin.
I've made a big mistake when I was got introduced to bitcoin and I deny it. That was a mistake for me if not I could have know what I achieved from that time to now, because when I was got introduced to btc by brother I now told him that if there getting money on bitcoin why he still they poor he didn't cash out,he now laugh at me that I don't know anything that's why I'm saying that.
Till when I see bitcoin change his life he become a responsible man for him self he didn't depend on anyone any more... That was when I realize bitcoin is king I now join
Till when I see bitcoin change his life he become a responsible man for him self he didn't depend on anyone any more... That was when I realize bitcoin is king I now join
The mistakes led to you being who you are. Now you know that buying bitcoin at low prices man better profits guaranteed in future. We can be rest assured, that we will not see the same condition as altcoin in bitcoin. Hence the importance of mistakes, they teach you a lesson.
You can be sure that many others have committed similar mistakes or lost money where they could have made money but dont let that dishearten you, rather this should be an impetus to be more consistent with trading.
Forgive yourself because you were ignorant at that time.
You can be sure that many others have committed similar mistakes or lost money where they could have made money but dont let that dishearten you, rather this should be an impetus to be more consistent with trading.
Forgive yourself because you were ignorant at that time.
-snip-
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.
Most of us have experienced this and there is nothing to regret because it is an experience and it makes us more mature. So now the most important thing is how can we learn from our past experience and become learning in the future to keep holding on to BTC, even though many are skeptical about BTC in the future but we must still believe that BTC will be able to touch 100K USD in the future. The point is to hold on and believe and learn from the past.
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 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.
Transaction hash of my first BTC purchase 2016: https://blockchair.com/bitcoin/transaction/0ffb4d64715a09d61491dab5d2ecceb7bd67f52aea61da19e4d168d8bf24caa1
More or less everyone of us has gone through such situations in our early days in crypto industry. Its better to take this as learning opportunity and dont repeat this mistake in future when we have bigger crypto portfoilio. Its also true that most of us never realized the vulnerabilities of crypto until it happen with us.
Just move on and keep accumlating BTC.
Happened to all. I am sure there are people that spent their bitcoin when the price was $500 or $1,000 or $2,000 or so on. You shouldn't be regretting. You probably sold because you had to or because you wanted to take your profit. People should stop being obsessed with holding "toxicity" mentality. If you want to take profit, take it and later when you can afford to buy more, buy.
Instead of looking at your previous transaction, why not buy again and hold some so you don't regret in the future once again?
Instead of looking at your previous transaction, why not buy again and hold some so you don't regret in the future once again?
So you are surprised that a pyramid scheme turned into a scam? How shocking! 
I didn't see that coming.
I was scammed with 100 USD worth of BTC by a guy on Discord years ago, when the Bitcoin price was around 10K USD. Then the BTC price went to 60K USD, so I kept thinking that I've lost 600 USD not 100 USD. Anyway, it doesn't matter. We all make mistakes and we all get scammed by someone at some point. There's no point of regretting about the money we've lost. We just have to learn from our mistakes and avoid them in the future. A guy, who makes the same mistake twice is in idiot.
I didn't see that coming. I was scammed with 100 USD worth of BTC by a guy on Discord years ago, when the Bitcoin price was around 10K USD. Then the BTC price went to 60K USD, so I kept thinking that I've lost 600 USD not 100 USD. Anyway, it doesn't matter. We all make mistakes and we all get scammed by someone at some point. There's no point of regretting about the money we've lost. We just have to learn from our mistakes and avoid them in the future. A guy, who makes the same mistake twice is in idiot.
Your losses are ~21$, not ~566$ as you think. You shouldn't be upset about them.
Now you are convinced that the pyramid scheme and bitcoin are not the same thing. Also, only those that are stored only with you, and not with friends or acquaintances who promise to give / return btc, can be considered your bitcoin.
You missed one opportunity - it doesn't matter. There will always be new opportunities, like now, in a bear market. The main thing is to invest in btc, and not in pyramids.
Now you are convinced that the pyramid scheme and bitcoin are not the same thing. Also, only those that are stored only with you, and not with friends or acquaintances who promise to give / return btc, can be considered your bitcoin.
You missed one opportunity - it doesn't matter. There will always be new opportunities, like now, in a bear market. The main thing is to invest in btc, and not in pyramids.
It seems that people who knew Bitcoin very early or around 2016 onwards experienced almost the same thing, fell into a ponzi scheme or what is no less booming in the past is cloud mining, how many buy mining packages to get returns and it only works just for a while because in the end it will deceived, only cex.io where we can participate in cloud mining because they do own and run their own mining, the rest is just a scam company and only has a website without mining equipment.
The size of your images are too big, kindly use height=400 to lower the size.
I have used BTC to invest in a Ponzi scheme called MMM years ago and I bought BTC worth of 200$ at the time, I am very sure the that value today will be in thousands of dollars, some times we learn the hardest way to gain more knowledge.
At least you still get your life going, you are still alive so you still have the chance to make a big difference someday, do not give up to, buy BTC and HOLd, we can see a new All Time High in 2025 or so.
I have used BTC to invest in a Ponzi scheme called MMM years ago and I bought BTC worth of 200$ at the time, I am very sure the that value today will be in thousands of dollars, some times we learn the hardest way to gain more knowledge.
At least you still get your life going, you are still alive so you still have the chance to make a big difference someday, do not give up to, buy BTC and HOLd, we can see a new All Time High in 2025 or so.
I have made a lot of mistakes, I was dazzled by desire, I kept buying in the bull market, and increased leverage, resulting in a serious shrinkage of funds, but there were also gains. After experiencing all this, I became mature, started to learn, and improved my consciousness. Know.
OP have missed the opportunity, and now he's on the right track. Even now it isn't too late, you've got more time left to experience the best out of bitcoin. Maybe the profiting won't be the same as what you missed. This is common and most of the users could've experienced it.
I personally hadn't trapped into pyramid schemes, I was fooled by multiplier schemes and lost good number of bitcoins believing in a centralized wallet application. Later through P2P transaction one user cheated me while trading. From then onwards I used to be very careful handling bitcoin.
I personally hadn't trapped into pyramid schemes, I was fooled by multiplier schemes and lost good number of bitcoins believing in a centralized wallet application. Later through P2P transaction one user cheated me while trading. From then onwards I used to be very careful handling bitcoin.
There are a lot of stories like that. Bitcoin started trading at $0.008. By the time it reached $1 there was virtually no people left of those that still holded, who bought at $0.008. From $1 to $100 the same thing. The one who makes a 20x or 30x often sells because he doesn't know what the future is going to look like and prefers to have the money in hand now.
There are worse stories. Like those who bought at the top of the cycle only to panic sell shortly after because prices fell, only to see in the next cycle that the price went much higher.
There are worse stories. Like those who bought at the top of the cycle only to panic sell shortly after because prices fell, only to see in the next cycle that the price went much higher.
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