How can we learn from these mistakes? What are the actionables for the future?
One actionable might be that if a project seems like it's very innovative, earnest, and incubating, to invest in it and keep on holding. Selling at false tops might be a mistake.
Topic: What's the biggest mistake you've made on crypto? - page 2. (Read 1198 times)
I am sure that most people, like me, have the biggest mistakes in the cryptocurrency sphere is that we sell our cryptocurrencies at low prices, but I already try not to make such mistakes as I have already gained a lot of experience from my mistakes.
Hello,
The biggest mistake is me buying 700 Zclassic coins at 2.3$ and selling them at 3.7$ the day before they pumped to 230$ a piece.
700$ profit in stead of 160000$ profit.
still bothers me to this day.
The biggest mistake is me buying 700 Zclassic coins at 2.3$ and selling them at 3.7$ the day before they pumped to 230$ a piece.
700$ profit in stead of 160000$ profit.
still bothers me to this day.
Well that really hurts. Especially when it was pumped the day after.
I sold two bitcoins for $250 each but that was years ago so I could made more if I saved them but it's been so long ago that I can live with that.
I think for me is that i tend to hold coins even when its already in peak price, and the result when the coin goes down, I don't get any profit or at the same time need to wait for another rally to sell the coin, which more often also lost the capital because it takes too long to get back to the real price or purchase price, and selling the coin is just my only option to have a capital again resulting to lose money.
Hello,
The biggest mistake is me buying 700 Zclassic coins at 2.3$ and selling them at 3.7$ the day before they pumped to 230$ a piece.
700$ profit in stead of 160000$ profit.
still bothers me to this day.
The biggest mistake is me buying 700 Zclassic coins at 2.3$ and selling them at 3.7$ the day before they pumped to 230$ a piece.
700$ profit in stead of 160000$ profit.
still bothers me to this day.
The biggest mistakes I made were many in 2017.
- I joined many ICOs but never did research and many ICOs I joined ended up scams
- Not sell coins that already have a high price at that time because they believe the word "hold" too much (because I'm too greedy)
but all of that has become an experience and a lesson for me to be better
Mistakes will make you more mature, lessons are expensive but necessary. 2017 was the year of ICOs, most of them were very successful so your mistake is mainly greed, ICO scam was not much. After 2017 investing in an ICO was the biggest mistake even if you do your research, 95% are scam projects, you are still lucky. - I joined many ICOs but never did research and many ICOs I joined ended up scams
- Not sell coins that already have a high price at that time because they believe the word "hold" too much (because I'm too greedy)
but all of that has become an experience and a lesson for me to be better
telling stories about the biggest mistakes is sad, but it can be a lesson for us in the crypto world,
And my biggest mistake was losing $ 500 when trading futures, it was very painful.
$500 doesn't sound a lot for me. but still I can understand how it feels as I've lost larger amount of funds in crypto. that is why for trading it is always advised to only invest as much as you can afford to loose. if $500 was not affordable for you to risk then you shouldn't have risked them.And my biggest mistake was losing $ 500 when trading futures, it was very painful.
The biggest mistakes I made were many in 2017.
- I joined many ICOs but never did research and many ICOs I joined ended up scams
- Not sell coins that already have a high price at that time because they believe the word "hold" too much (because I'm too greedy)
but all of that has become an experience and a lesson for me to be better
I did that hodlings shit tokens mistake too. and sometime it really hit hard when I think about past. but good thing is I did not invest any of my own money on them. I've mostly earned them for the services I've provided them. - I joined many ICOs but never did research and many ICOs I joined ended up scams
- Not sell coins that already have a high price at that time because they believe the word "hold" too much (because I'm too greedy)
but all of that has become an experience and a lesson for me to be better
The biggest mistakes I made were many in 2017.
- I joined many ICOs but never did research and many ICOs I joined ended up scams
- Not sell coins that already have a high price at that time because they believe the word "hold" too much (because I'm too greedy)
but all of that has become an experience and a lesson for me to be better
- I joined many ICOs but never did research and many ICOs I joined ended up scams
- Not sell coins that already have a high price at that time because they believe the word "hold" too much (because I'm too greedy)
but all of that has become an experience and a lesson for me to be better
telling stories about the biggest mistakes is sad, but it can be a lesson for us in the crypto world,
And my biggest mistake was losing $ 500 when trading futures, it was very painful.
And my biggest mistake was losing $ 500 when trading futures, it was very painful.
Because I jumped into the world of crypto self-taught and no one was guiding me, so I had many unforgettable mistakes. One of them is maybe
I use capital not from money that I can afford to lose, so when I start investing in crypto, I experience a loss by choosing the wrong projects.
I also ended up in debt, this is the biggest lesson for everyone if we want to invest in crypto, it is mandatory to use the money that we can afford
to lose.
I use capital not from money that I can afford to lose, so when I start investing in crypto, I experience a loss by choosing the wrong projects.
I also ended up in debt, this is the biggest lesson for everyone if we want to invest in crypto, it is mandatory to use the money that we can afford
to lose.
I think the biggest mistake that I have done making me regretful most of the time is dealing on managing my decisions on if will I supposed to buy or sell already my coins to gain profit or to somewhat take advantage of the situation to purchase and make them into hold. Those were the common mistakes that I have done before that sometimes jump into my mind having regrets and thinking like "I have supposed to do that, I have not supposed to do this" just like stuffs are the minor to major mistakes I have done on the entire journey that I do encounter on my crypto journey. Even as of today, I still experience such minor setbacks which I just treat as a common mistake that is needed to be improve for my own betterment.
I first started my investment in cryptocurrency almost 9 years ago. But in the following months, I made a number of mistakes, resulting in the loss of a majority of my coins. First, I invested in a scam project called LitecoinGlobal, and half of my coins were gone immediately. Then I invested in a few shitcoins such as Labcoin and Quark, resulting in the complete loss of investment. And finally, I lost more coins when I failed to take the backup for some of my wallets.
just as you probably almost all forum members here have made mistakes in investing or participating in bounty projects, maybe in this case, I have a case that is almost the same as you investing in projects that do look good but in the end lead to fraudulent projects, I myself have lost nearly $ 1000 to invest in the Miracle Tele project at that time and the buyback offer they gave triggered me to invest.
I first started my investment in cryptocurrency almost 9 years ago. But in the following months, I made a number of mistakes, resulting in the loss of a majority of my coins. First, I invested in a scam project called LitecoinGlobal, and half of my coins were gone immediately. Then I invested in a few shitcoins such as Labcoin and Quark, resulting in the complete loss of investment. And finally, I lost more coins when I failed to take the backup for some of my wallets.
I think the biggest mistake that I have made in crypto world is that I did not listen and I doubt to my friends when they started participating bounties which made them to have a better life right now. Until now I am still hoping that it is really not to late for me to have a better future by being in this crypto world.
I think for me is not investing while it's very low and thinking that it won't increase again and of course wasting a lot of Bitcoins playing gambling games. That's what's the biggest mistake I've made, I really should just have hold my coins back then.
I can't say that this is my biggest mistake but I can consider it as my biggest missed opportunity in my crypto life.
I started into crypto late 2017 when Bitcoin is at around $3,000 already and I've seen it go up to $20,000 but at that time I don't have any idea since I decided to learn more before investing to prevent losses. 2018 comes and I've seen the crypto bleeding all over. I know the basics of it already but it is a missed opportunity for me since I didn't bought and hold and crypto at that time. Another missed opportunity is this March 2020 when the pandemic started. I still remember the time where I always visit Coinmarketcap and the market is going down and down at a faster rate but I don't have any cash at that time and I feel regret on it.
This time I already adjusted my investments and my cash. That whatever happens, I will still hold some fiat money in order to invest into the market when the worst thing comes.
I started into crypto late 2017 when Bitcoin is at around $3,000 already and I've seen it go up to $20,000 but at that time I don't have any idea since I decided to learn more before investing to prevent losses. 2018 comes and I've seen the crypto bleeding all over. I know the basics of it already but it is a missed opportunity for me since I didn't bought and hold and crypto at that time. Another missed opportunity is this March 2020 when the pandemic started. I still remember the time where I always visit Coinmarketcap and the market is going down and down at a faster rate but I don't have any cash at that time and I feel regret on it.
This time I already adjusted my investments and my cash. That whatever happens, I will still hold some fiat money in order to invest into the market when the worst thing comes.
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.
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.
I made a lot of expensive mistakes (this is both an unsuccessful investment in a pyramid for dozens of ethers and an illiterate investment in the gaming environment), but I emphasize that the main mistake was not taking profit. I thought that transferring cryptocurrency to fiat was stupid, because everything was growing, and then, as everything fell, I realized that it was stupid not to withdraw at least half of the deposit on time.
Take profit, don't forget about it! After all, your earnings are not the amount of cryptocurrency in your wallets, but the amount of dollars in your pocket!
It's good to see how the timeline on the OP reads Jan 1, 2021. Some of us here never thought this year would come or that we would survive 2020 with all its headache. But grace led us this far.
For me, one of the sad moments I recall in crypto would be at the time I sold off all my BNB hodlings for a lending shitcoin that later scammed. That was in 2017/18 and it still hurts me till date.
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.
Are you sure about being a millionaire from early hodling because many who bought in the early days sold off when Bitcoin barely got to $100 or less than $1k. It's the same way a lot of altcoin whales are trading valuable altcoins at a cheap price now. I hope they won't regret it a few years later. It's always like that.For me, one of the sad moments I recall in crypto would be at the time I sold off all my BNB hodlings for a lending shitcoin that later scammed. That was in 2017/18 and it still hurts me till date.
My biggest mistake in crypto is when I stopped doing it way back in 2017-2018 when the market started declining. It is because I didn't get the real importance of crypto. I thought it is just something to do when I have spare time but now I realized how crypto can help individuals and the economy. Crypto is something to be worth studying for and worth expending time to know more about it.
My biggest mistake is that I was not interested in cryptocurrency before, there were financial mistakes as well, but it's an experience, so I have no regrets 
A lot of late comers were feeling the same thing like you. They didn't know about the new technology will need the time to be adopted by so many people in the world. There were so many parties that blamed bitcoin in the past but this time those people are changing their mind about bitcoin. They start to search for more and more bitcoin to be used as their future investment. Remember also the bubble dotcom which has the same story with bitcoin.
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