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Topic: What are the biggest mistakes you've done with Bitcoin? (Read 18180 times)

newbie
Activity: 3
Merit: 0
I lost 10 BTC in MtGox exchange on 2014...
newbie
Activity: 15
Merit: 0
As the topic says, What are the biggest mistakes you've done with Bitcoin?

I'm trying to gather just a list on things that have gone wrong. This can be terrible backup stories, client hacks, reversing at MtGox and such.
I don't want to gather a list of hacks of commercial sites in particular because there are plenty of information on that already.

I will post everything I find on this very simple website:
http://sites.google.com/site/whoissatoshi/bitcoin-mistakes


Don't be shy!


EDIT: Please add some context, interesting details etc to make it a nice story.
The worst thing is to forget the password to a wallet that has a lot and a little... 15 btc
newbie
Activity: 38
Merit: 0
The biggest mistake I do not know about bitcoin, after I read and learn bitcoin is very good to be made a promising income.
Pei
newbie
Activity: 13
Merit: 0
I have heard about this bitcoin technology back in 2010, but the biggest mistake i have done is  I did not get serious on to this bitcoin network back then, and that is a biggest loss in my when I got in the community the bitcoins have reached so high that it is not easy get even 1 bitcoin.
member
Activity: 336
Merit: 10
My biggest mistake that i've done with bitcoin was i'm to late to start this
And i don't hear my friend when they start it and now they already taste money from bitcoin
But thats okay to late than ever i think
member
Activity: 336
Merit: 10
Gamble about 150 BTC away around 5-10 dollar range.

Next biggest was to sell most of my coins on the way back up @ $26.

Gambling is very risky because you do not really know how their website works and you can become broke within just one day if you did not play well. I highly suggested that you should focus on trading rather than playing on betting sites because you have a higher probability to earn profit on the market.
full member
Activity: 462
Merit: 102
As the topic says, What are the biggest mistakes you've done with Bitcoin?

I'm trying to gather just a list on things that have gone wrong. This can be terrible backup stories, client hacks, reversing at MtGox and such.
I don't want to gather a list of hacks of commercial sites in particular because there are plenty of information on that already.

I will post everything I find on this very simple website:
http://sites.google.com/site/whoissatoshi/bitcoin-mistakes


Don't be shy!


EDIT: Please add some context, interesting details etc to make it a nice story.

The 2 biggest mistakes I made on bitcoins are not investing before and investing too early. The time I knew bitcoins was around 2012 when bitcoins before were really cheap. I did not even bother buying bitcoins before because I did not know how. Even if I did, I had no money with me. Recently, I made a too early investment. The thing is, whenever I invest on something, something bad usually happens. It did this time. When I invested a large amount of money on bitcoins, the price declined.
member
Activity: 188
Merit: 10
As the topic says, What are the biggest mistakes you've done with Bitcoin?

I'm trying to gather just a list on things that have gone wrong. This can be terrible backup stories, client hacks, reversing at MtGox and such.
I don't want to gather a list of hacks of commercial sites in particular because there are plenty of information on that already.

I will post everything I find on this very simple website:
http://sites.google.com/site/whoissatoshi/bitcoin-mistakes


Don't be shy!


EDIT: Please add some context, interesting details etc to make it a nice story.
The biggest mistake taht I made in bitcoin is when I sold my bitcoins around $4000. I didn't actually though that its pruce would go upto $19000 dollars. I also regret selling my other coins and just a day after that its price juat tripled. It is just so frustrating.
full member
Activity: 630
Merit: 100
When i sell all my bitcoin when it still cheap and miss the train when it has being pump up. I loss almost triple from it actually price and that was annoy me to much.
full member
Activity: 353
Merit: 100
https://luxantdigitalbank.com/
Not buying in bitcoins when i had funds to buy them and ending up loosing bitcoins when my system crashed as i did not have back up copy of private key and wallet address.
sr. member
Activity: 476
Merit: 359
My biggest mistake with bitcoin is not involved in any amount of bitcoin.
My biggest mistake is I don't invest on bitcoin when I heard the news that a man sold his 10k bitcoins for 2 boxes of pizza. Because I was scammed at some money making online program like HYIP. It made me skeptical of it. And I didn't take the opportunity to invest on it.
Heck I can give that man 5-10 boxes of pizza for him in that time. Damn the regret is high up until now.
hero member
Activity: 1190
Merit: 568
Sovryn - Brings DeFi to Bitcoin
Spent a considerable amount of bitcoin on 3 revshare sites last year. Almost had my seed money back but the lure of internal compounding resulted in me just getting around 10% of what I initially put in before the sites closed.
I considerable my biggest mistake I've done in bitcoin is not trusting to it the first time I know it because of it don't have knowledge about cryptocurrency and I don't know how to use it. But right now I didn't mind at all the mistake I've done in bitcoin because even i refuse to use it at first still enter the world of bitcoin.
sr. member
Activity: 644
Merit: 252
As the topic says, What are the biggest mistakes you've done with Bitcoin?

I'm trying to gather just a list on things that have gone wrong. This can be terrible backup stories, client hacks, reversing at MtGox and such.
I don't want to gather a list of hacks of commercial sites in particular because there are plenty of information on that already.

I will post everything I find on this very simple website:
http://sites.google.com/site/whoissatoshi/bitcoin-mistakes


Don't be shy!


EDIT: Please add some context, interesting details etc to make it a nice story.

The first mistake i've done in bitcoin is that i do not beleive in bitcoin when the first time I discovered it, I do not accept it for some important reason but time comes that i really need money so I pursue bitcoin. Another big mistake i've done is to cash out my 0.01 btc I earned when I was junior. That time, the value of bitcoin is 2000$ or 100K peso. I really do not know what I am thinking in that time. I think i am excited to hold in my hands that money since it is my first time to earn that big money. Instead of cash out, i must hold it.
newbie
Activity: 5
Merit: 0
Lost data account of my encrypted wallet with 0.6 BTC inside
jr. member
Activity: 70
Merit: 4
When I don't secure my wallet and suddenly got hacked
newbie
Activity: 82
Merit: 0
Biggest mistake is not being able to hold. Sold all my good coins and now they're pumping and me regretting hahahaha
member
Activity: 122
Merit: 10
the biggest mistake i made was i sold my btc when its price was only few dollars  Cry
hero member
Activity: 1078
Merit: 501
Spent a considerable amount of bitcoin on 3 revshare sites last year. Almost had my seed money back but the lure of internal compounding resulted in me just getting around 10% of what I initially put in before the sites closed.
Actually five months’ before I have done a mistake which I can’t forget and that mistake give me a lesson for future because it never happen before but on that day I did not check the price of bitcoin and I see all my bitcoins in that dealing I did a very big mistake now I check the price of bitcoin every day because small mistake can make a big problem for you it's mean bitcoin price matter and need to be very careful when you want to buy or sell.
full member
Activity: 308
Merit: 128
Discover Bitcoin Two years later  Sad


me too, im too late in entering bitcoin world, my friend already introduce bitcoin to me but i don't give any attention from it, but I've notice this past few months that my friend already have his own car because of bitcoin. that was the time that I take bitcoin seriously. maybe if I listen to him during the time that bitcoin is only 60k. may now im already have my own car and house too. for now im also try trading and joining some signature campaign and i got payout weekly.
full member
Activity: 337
Merit: 195
Graphics/Signature Designer https://bit.ly/2Q1AOrY
Underestimating bitcoin and not investing earlier when the price is still low. Gambling and exchanging it with a low potential altcoin.
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