What is your one memory related to Bitcoin that you want to forget? - page 4.

GreatArkansas

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Quote from: krishnaverma on October 30, 2023, 07:15:35 PM

What is your one memory related to Bitcoin that you want to forget? It can be anything like some sort of scam happening to you or some other type of loss.

Before I had a lot of Bitcoins I started to buy some random altcoins. So if I just held my Bitcoin only even though there were a lot of bear markets already, I should've lot of Bitcoin and less of losses.
Well, it's very lesson for me because I was a beginner before, for sure a lot of people can relate to me.

Pi-network314159

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Quote from: krishnaverma on October 30, 2023, 07:15:35 PM

What is your one memory related to Bitcoin that you want to forget? It can be anything like some sort of scam happening to you or some other type of loss.

Sincerely there are things left untold. Each an every one has there tereble experience in one way the other. Mine was that some crypto I stocked on my non custodiall wallet was lost because of pasphrase misplacement. And that has thought me a lesson of my life never to joke with pasphrase. When a wallet is newly opened, before sending any coin to it one needs to keep your key in safe place before stacking coin in it. The wost mistake one can make is stack coin in a safe which is no longer safe after losing access to youy furtune. that reminds me of a thread created in this Bitcoin discussion that someone lost access to his 8k Bitcoin that was a kind of huge amount of BTC. Although mine was not much like $30 but no matter how small it is, one still needs to be careful.

Odohu

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I had a terrible start with Bitcoin and if not that I knew how helpful Bitcoin can be right from the beginning, I wouldn't be close to Bitcoin ever again. When I started, it was difficult buying Bitcoin due to FX restrictions in my country, so we relied entirely on third parties which are individuals that had found their way around it. Scammers seized the opportunity to deal with us ruthlessly. I fell into the hands of scammers on many occasions, loosing various amounts of my hard-earned money. I'm just happy I did not quit then.

Fortunately, I'm not struggling to forget the terrible experiences I had joining Bitcoin... I have already forgotten them and moved on. There is a saying that "whatever does not kill you, only make you stronger". Perhaps those experiences form the basis for my trust and confidence in Bitcoin.

DapanasFruit

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There are at least two events related to Bitcoin that made me cringe always and of course I want to forget and if possible I could revisit the time and make a different decision. One, I sold my Bitcoin at the time when it was just valued at $3K and it was because my brother need more capital for his fledging business - seems to me then I have no choice but to let it go. Two, I got so bored with the movement of Bitcoin that I decided to sold them all and replace with Bitcoin Vault or BTCV which of course was just another pump and dump coin. All in all, these two resulted into me losing money especially with the rate of Bitcoin we have now. Can we please invest a time machine so I can go back and rectify these big mistakes?

bayu7adi

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dont be greedy

Quote from: BlackBoss_ on October 30, 2023, 07:21:34 PM

It does not relate directly to Bitcoin but relates to my greed activities when I bought Bitcoin, used it to trade in Margin account, with leverages x5. I was liquidated and it is my bad memorial experience with my Bitcoin Margin Trading.

I know it is not responsibility of Bitcoin because I did it, I let my greediness controls my decision. I am responsible for it after I opened my Margin trading position with x5 leverage.

Anyone wants to get rich with leverages, can take my loss as their lessons.

And this isn't much different from me. In 2021 I saw friends on social media sharing screenshots of profits using the future trading feature from Binance with x20 leverage. A 20% price increase seemed very easy to get, so I tried to open a futures trading account on Binance as well.

Because I'm working remotely and the Covid pandemic is still busy, I can focus on trading futures. Unfortunately, I didn't know the big risks I was taking and only thought about profits. That was my stupidest act, voluntarily giving my money to Binance because my assets were liquidated. I can still bear the amount, but it still hurts because I really regret not studying it first and just following the FOMO of my friends on social media.

This is a mistake I really want to forget so it doesn't happen again. I have learned from this mistake and consider this my stupidest disgrace.

lombok

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I experienced a loss when buying and holding synereo-AMP in 2018-2019. With capital of 4 BTC and it ended up being 0.4 BTC because the price continued to fall. This is a ridiculous thing where I have Bitcoin but am tempted by altcoins, I know that at that time ICOs and altcoins experienced a bubble, the price of altcoins soared, and I was interested in investing there, but unfortunately it turned out that the bullrun and altseason period was starting to end and there was a big price drop. on Bitcoin and altcoins.

mk4

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I'm pretty sure pretty much every single altcoin trader had the same experience, but: my 2016-2019 trading era. I would've had far more bitcoin right now if only I traded those years a lot better, or maybe if I hadn't traded instead at all.

I know to be able to learn to trade you have to lose a lot at first, but yea lol it still stings.

adaseb

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Mine would be having formatted wallets with certain amounts of coins. It wasn't bitcoin but it was alts which ETH, LTC, DOGE which were very low but then they exploded in price and I basically had no way to recover that data. It was overwritten probably hundreds of times and no point in getting it recovered.

This is why you should always back up your wallets even if you don't think you will use them. The tokens might be worthless now but you never know if one day they will make a comeback. I remember when bitcoin was $50K, I had tons of dust in old accounts that I recovered, was only 0.005 BTC or so but it was valuable then compared to 2015 when it was useless.

BlackBoss_

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Quote from: krishnaverma on October 30, 2023, 07:15:35 PM

What is your one memory related to Bitcoin that you want to forget? It can be anything like some sort of scam happening to you or some other type of loss.

It does not relate directly to Bitcoin but relates to my greed activities when I bought Bitcoin, used it to trade in Margin account, with leverages x5. I was liquidated and it is my bad memorial experience with my Bitcoin Margin Trading.

I know it is not responsibility of Bitcoin because I did it, I let my greediness controls my decision. I am responsible for it after I opened my Margin trading position with x5 leverage.

Anyone wants to get rich with leverages, can take my loss as their lessons.

krishnaverma

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What is your one memory related to Bitcoin that you want to forget? It can be anything like some sort of scam happening to you or some other type of loss.

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