What's the biggest mistake you've made on crypto?

Smitty Werben Man Jensen

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I have few mistake in my crypto life. In the year 2020 i have been hold oks but still now i can't selling because oks price drop in very long time. However mistake is a point which help you for increased knowledge. Anyway if you have mistake then you can do something here.

Indeed, with an error that we have experienced in the past, of course we can make it a lesson not to repeat it in the future.
we also have to always increase our knowledge about all things related to crypto so that we can continue to grow

lienfaye

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I became aware of bitcoin existence few years back when the price is very cheap. I didnt know that it can be something big in the future so I didnt buy.

Thats my biggest mistake and up to now when I think about it and seeing the current price, I have this regrets that if only I could turn back time then I can change the decision I made before.

Anyways it already happened thats why now I need to move forward and take advantage the price of bitcoin when there's a correction.

shoreno

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Quote from: flagpara on January 18, 2021, 06:53:14 PM

We all make same and different mistake. To become a millionaire, you don't have to buy only Bitcoin. Binance coin is enough in a short term.

i agree on the first part , we all can make same mistake but the second one is , is that an advertisment ? because with so many cryptos with potential why will you think bnb can make you rich .

let say if we dont make a mistake of not buying coins at an early stage and let say you pick a bnb and i pick a btc with same amount invested for example 100 usd , few years later who do you think earn a huge profit between us ? hmm

flagpara

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Quote from: Abiky on January 01, 2021, 01:56:05 PM

Whenever you're a newbie or an experienced veteran, there's always a point in time where you make a mistake in crypto land. After all, nobody is perfect. You might've lost all of your crypto holdings due to being careless, or simply lost an opportunity of a lifetime to grab huge profits. Mistakes happen all of the time, leading us to regret many decisions in the long run.

My biggest mistake in crypto was not having bought Bitcoin in its very beginnings. If I had bought plenty of Bitcoin back then when it was worth cents, I would've been a millionaire today. During my time in crypto land, I've became a victim of scams, hacks, and theft. Sometimes I've missed the opportunity of doubling my investment when an altcoin "pumped" on the market. At least, I've learned a valuable lesson. These past experiences helped me become a better person in the long run.

I'm curious to know: what's the biggest mistake you've made on crypto? Your input will be greatly appreciated. Thank you.

We all make the same and different mistakes. To become a millionaire, you don't have to buy only Bitcoin. Binance coins are enough in the short term. I think I'm a very lazy person. I missed so many legit campaigns where I could become a millionaire easily. Other mistakes were low active in the last bull run market. I'm patient enough, but I don't invest in all campaigns.

sana54210

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Quote from: Abiky on January 01, 2021, 01:56:05 PM

Whenever you're a newbie or an experienced veteran, there's always a point in time where you make a mistake in crypto land. After all, nobody is perfect. You might've lost all of your crypto holdings due to being careless, or simply lost an opportunity of a lifetime to grab huge profits. Mistakes happen all of the time, leading us to regret many decisions in the long run.

Probably not keep going with mining I suppose. I remember back in the day I was mining with my computer, this is very very old days when you can mine bitcoin with a laptop, that much back in the day. However when my laptop got a bit too hot, and seemed to act weird, I decided it was time to get a new laptop, it was getting older anyway, and I imagined that was caused by bitcoin mining, which was sort of right because that tired the computer out a lot.

However instead of stopping, if I realized laptops are not meant to mine, and I should get a rig, I would have been pretty rich by now. Obviously back in those days we didn't had these gpu cards and we didn't had these hash rates, I remember a huge litecoin right with only 40 mh/s back in those days, but if I kept going and did my mining, I would have been multi-millionaire by now, even if I sold every single coin I mined, I could have grown it at least.

dre1982

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Quote from: reza7777 on January 17, 2021, 04:18:44 PM

Just like you, I don't buy when the price is still worth cents. And for victims of hacks and scams, of course, some people have experienced it, but what many people often experience is selling tokens at a low price but then after a few days the price becomes high, there are others who don't sell when it's high out of greed

Gladly I never experienced any hacks or something like that. I try to keep my computer as safe as possible.

I also make paper wallets on a offline computer so no one can't get those. Cool

reza7777

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Just like you, I don't buy when the price is still worth cents. And for victims of hacks and scams, of course, some people have experienced it, but what many people often experience is selling tokens at a low price but then after a few days the price becomes high, there are others who don't sell when it's high out of greed

ScamViruS

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Quote from: XRiders on January 15, 2021, 03:03:36 PM

Great thread and lots to learn from here! One my biggest mistakes in the crypto world was trusting a so called "crypto expert" and following his tips blindly, without taking the time to do any research on the coins he was shilling me. It all went well for a while till all the progress was wiped out in days. Learned a lot in the past years from my mistakes but it's good from time to time to recall them

This same kind of mistake is not only made by you alone, there are many others who have made this mistake. If you follow such so called experts, your losses will be normal because they will dump their held coins on you, many new traders have lost all their funds.

Due to the activities of these so called experts, many newbies have misconceptions about cryptocurrency.

Dessy88

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On the advice of another person, I kept a coin for a long time which resulted in huge losses. It wasn't a simple mistake because my fundraiser was so small. I had to bear such a loss due to misconceptions. On the other hand, I could not sell the coin in time due to which my financial crisis started.

XRiders

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Great thread and lots to learn from here! One my biggest mistakes in the crypto world was trusting a so called "crypto expert" and following his tips blindly, without taking the time to do any research on the coins he was shilling me. It all went well for a while till all the progress was wiped out in days. Learned a lot in the past years from my mistakes but it's good from time to time to recall them

BITCOIN4X

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We all have our own strengths and weaknesses in the crypto world and I believe we generally have our ups and downs when it comes to trading. Long story short, I have experienced losses in terms of trading almost half of the capital I used for trading. This is my initial capital since I first got into crypto. I do not regret the loss because I feel it is impossible without experiencing a loss for this risky activity.

None of us are free from losses, this is a natural thing and I admit that all of them must be valuable experiences and lessons that are useful in the future.

Abiky

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Quote from: mamesso on January 09, 2021, 05:16:31 AM

Everyone has ever made mistakes in his life, including me. The biggest mistake I made in crypto was buying IGNIS and NXT coins in 2017, at that time almost all the money I had was used up to buy these two coins, after that IGNIS and NXT experienced a very extraordinary price drop, and now these two has become useless shitcoins for me.
Yeah, experience is the best teacher for me, I can learn to be wiser when making decisions, so that, the mistakes I have be done are not repeated a second time.

Sometimes you get lucky, and sometimes you don't. You can thank crypto's volatile and unpredictable nature for that. In my own opinion, the crypto market is just a gamble as you could either turn rich or poor in a blink of an eye. That's why it's important to secure as much profit as possible before it's too late. Whenever you see the opportunity to cash out, do it without thinking twice.

I have made many mistakes with crypto projects, and cloud mining companies which turned out to become a scam in the long run. Everything was driven out of greed, leading me to a terrible financial situation within my early days in crypto. At least, I've learned a good lesson. Now, I'm more aware of the risks involved when investing in the crypto/Blockchain industry. I do my own research instead of making my decisions based on other's opinion. Remember, nobody is perfect. But it's important to learn from your mistakes and keep moving forward. Wink

freedomno1

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A few trading with margin on poloniex always bad, trading in altcoins when bitcoin rises ... summary all coins fall relative to BTC. Waiting to long to sell in 2017 cause of it's going up mentality then waiting four years for this one to get more BTC with cheap fiat.
Pretty much anything other than hodl, recently trying a few de-fi tokens a bit too soon although that is a given since it's a wild west like old bitcoin days. I'm sure others have great stories as well. Summary activity based actions instead of cold storage ....

Rabi3

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my biggest mistake is not holding into my tokens or at least converting them to bitcoin or ethereum, when i first started, also discovering gambling and losing a lot of my crypto to it, and they're both related, i didn't keep bitcoin and ethereum due to gambling, i was really addicted, thank god i got passed that and i am gambling with only what i can afford to lose, i still regret it though.

dre1982

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Quote from: Malam90 on January 12, 2021, 08:46:32 PM

I had 35 Ethereum and i invested in two shitcoins (CYFM, MFTU) and now 99% of my capital has been ruined with this shitcoins. This is my greatest mistake in crypto. Taking lesson from this, i never invest in any shitcoins rather i try to invest in top coins which is reliable. Top coins never ruins the portfolio totally like shitcoins.

The number of shitcoins is increasin everyday. Every noob can nowadays create there own coin, copy some white papers and scam everyone they want.

It is hard nowadays to find the promising coins between the shitcoins.

Malam90

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I had 35 Ethereum and i invested in two shitcoins (CYFM, MFTU) and now 99% of my capital has been ruined with this shitcoins. This is my greatest mistake in crypto. Taking lesson from this, i never invest in any shitcoins rather i try to invest in top coins which is reliable. Top coins never ruins the portfolio totally like shitcoins.

Fredomago

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Quote from: hahay on January 12, 2021, 04:18:02 PM

The biggest mistake is selling any crypto that is owned but sold when the market is dumping, that is the biggest mistake even hard to fix for me personally. At first I was confident to hold on no matter what but when the decline continued throughout the day and then sold, eventually the market recovered the next day. It's a recurring mistake and regret, but with a different plan at least I won't sell it all at once, at least with the experience I have I will keep some of it for long-term gain.

True! there are times that you really planned everything ahead of time but due to panic instead of keep holding your assets you intentionally sell it out to avoid losing big portions of your investment. Sad thing that eventually the value will bounce back and recover from the downfall leaving you to completely lose your money.

It's repeatedly and most of the traders are aware of this, emotions kills your investment, there are many mistakes that take place following your emotions, got to have a big nerve to face every struggles inside this market to learn more about holding your assets properly.

hahay

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The biggest mistake is selling any crypto that is owned but sold when the market is dumping, that is the biggest mistake even hard to fix for me personally. At first I was confident to hold on no matter what but when the decline continued throughout the day and then sold, eventually the market recovered the next day. It's a recurring mistake and regret, but with a different plan at least I won't sell it all at once, at least with the experience I have I will keep some of it for long-term gain.

magnum cyber

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My biggest mistake was selling some of the tokens generated from the bounty project after receiving them. maybe if I survived to this day at least I could make more profit, and another mistake was to lose $ 300 from investing in a bad project.

itachi gunasekara

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When I newbie to cryptocurrency I trust everything and everyone. So I got caught up on scams. But I learned my lesson from them.

Topic: What's the biggest mistake you've made on crypto? (Read 1161 times)