Topic: What's the biggest mistake you've made on crypto? - page 4. (Read 1207 times)

We did mistakes on 2017 and we might make mistakes again for this year. The common mistake that we did was we never bought at the low price and sold at the highest price.
It is happening again for this year with some investors but for us who have learned, don't make the same mistakes and take your profits.

Everyone makes mistakes. And they learn a lot from their previous mistakes that will come in handy in the future. I have also made many mistakes in crypto which are very difficult to remember.

Because the mistakes I made were about coins and biggest failure for me. I bought a lot of coins at a good price and sold them at a small profit, later it was found that those coins are now very popular and in the top list in the crypto market. If I had hodl those coins, my financial situation would have been different today. So I don't want to remember the mistakes made in my own crypto, because it’s painful for me.

Most crypto investors must have made this mistake at a point especially old investors, however, this may not be applicable to bitcoin maximalist that didnt fall for bitcoin killers any time and they are very few. The annoying thing is to see the team trying to launch another project with there name on it. And when you ask why they think they can succeed with the new project, they will ignore or ban you from the group.

I also made the same mistake when I got a lot of Nanos from the faucet and sold them in mid-2017. Maybe a lot of people would not have thought that the nano would hit nearly 40 $ by then. Hoping the altcoin season is coming soon in the near future.

This is natural, not only beginners, even traders have made the biggest mistakes in this industry. For me personally I have also experienced this, especially when I couldn't manage my finances properly, was careless, chose the wrong project, panicked or sold at a loss, looked ridiculous by buying dump coins and it ended up not what I expected.

Nobody's perfect. Everyone can make mistakes every once in a while. Just move on and keep moving forward. Monetary losses are unavoidable, especially in crypto land where prices are extremely volatile. I've lost many opportunities to make profit with crypto, when prices went all the way to the moon in 2017. Fortunately, the bull market repeated itself, allowing me to take advantage of Bitcoin's price gains. With an ATH of $32k per coin, my gains were greater than they were a couple of years ago. Still, I've lost a lot of money during crypto's early days when cloud mining was overhyped. One of my biggest mistakes was investing into GAW Miners' "hashlets". Little did I know that the whole operation was a scam. Thousands of dollars were lost when GAW Miners' Josh Garza decided to run away with the money. I've also lost money when going all in Paycoin. GAW Miners claimed the coin will always be worth $20, only to go down the drain a year later. At least, I've learned a valuable lesson. And that is to never invest more than you're willing to lose.

Nonetheless, crypto has many risks than Fiat due to its widely volatile and unpredictable nature. You could either end up being rich or poor in an instant. As long as you cash out your crypto every once in a while, you'll be able to stay safe in this wild and crazy world of crypto.

I wasn't into cryptos early was one of my biggest mistake despite the fact that I had funds to invest into it then, I just squandered and spend the money lavishly on trivial things, another regret was I that I participated in a bounty campaign which I so much trust and spent lot of time and efforts that lasted almost three months in 2018 having ignored BTC paying campaign unfortunately the bounty turned scam both bounty and project managers disappeared into thin air without a trace that was another big mistake on my part.

Talking about the mistakes I did in cryptocurrency was very much, especially when I first got to know cryptocurrency. But I never regret that I have
done all the mistakes that I have done. Because of all the mistakes I've had, make me more mature in making decisions when it comes to investing
in cryptocurrency. Sometimes we can succeed, because we learn from mistakes. It doesn't matter if we make mistakes, the most important thing is
we don't repeat the same mistakes.

And my biggest mistake was borrowing money from banks as cryptocurrency investment capital, what I do is probably a lot of members in this forum
who do this too. Especially if the nature of greed appears and the crypto market is in a bullish trend, then we will look for all kinds of ways to be able
to get big capital so we can get big profits too. Without realizing that investing in crypto is very risky with its volatile prices, which can fall at any time.
I made that mistake in 2017 and lost a lot of money in 2018. So I hope that no one else uses borrowed money as crypto investment capital.

I think a lot of people will have the same type of answers; not buying enough while it was "lower", trading away your stacks, or falling for some scam.  Those are probably 3 of the top 3 regrets when I see these questions.  Me personally, not finding it sooner.  Always could have found it sooner if I looked in the right spots.  But it is what it is.  I think we are still early in the game.

The worst mistake that I have ever made is not holding my raiblocks coins (nano after rebranding) I sold my coins very cheap
If I didn't sell them I would have been rich by now.

Or just the other way around.

Investing in intersting projects which turned into a scam after the owners dumped all their coins as soon it was on the exchanges and left.

I made a lot of mistakes in crypto but the most signifigant one is that i did not invest in some major projects out of inexperience and i did not belive in some altcoins as a bounty hunter i sold them too quickly and they ended up having big pumps.

There are no people in the cryptocurrency who have made a mistake; Here, experience is usually gained by mistake. I joined CryptoGet in October 2017 and started working as a Bounty Hunter and received 4600 PRL tokens as the first payment to be sold in November. Without realizing the experience, I sell those PRLs for only $36, two weeks later the token price goes up to more than $4.5K. If I still feel sorry, I didn't need money then, but why did I sell it. It was my first and great mistake in the cryptoworld

Buy at the high price and sell at a low price, that is something which I still do. I'll not say, I can't buy bitcoin at $3000 and another low price because at that situation you will feel that the price can fall more than that. At this bull run season I can't get a lot of profit, yeah I'm totally honest. I always predict that when the price goes down I will place a buy at a very low price or even when the price is close to the one I have placed I will cancel and place a buy at a lower price.

However, when the price is going up I always panic buying and have a hope that the price will continue to soar but not long after that the coin price movement meets a correction and reached the cut los that I made. That is a big mistake that I made, I always expected the bull market come like 2017 ago, but I missed it and even the situation only cost me a very big loss.

One of my biggest mistake within this industry is not knowing when to sell. There was a moment when that specific coin that they are talking about was speculated to drop in value but I did not believe in that story so in the end, I got no profit from it. Another newbie mistake that I did was not listening about the possibility of creating money within the Cryptocurrency Industry and yes I guess I wasted years not learning about Cryptos.

Joining the CryptoBitcoinChris callouts and Telegram channels.

Biggest bunch of BS and bad info on the net. Learned a little bit by his videos about TA trading, but after he got popular most of the call outs and charts posted are utter
bull and he himself and his moderators are not helpful at all. Wasted a bunch of money.

This market has taught me a lot of things, i have made many mistakes in trading or investing in ICO, IEO,... and after all i realized that i could make more profits by buying and holding bitcoins and i actually consider it a mistake.

Early 2020 I used to hold USDT that worths over 3500$ probably waiting for Bitcoin to dump so I can buy but friend influence took the best out of me, I was introduced to Ethershift and I made a stupid decision to invest all that money, greed was presence in me and I lost all the money, many others lost money just like I did, the token dump to 0.01$ from 4$, still painful whenever I remember this shit

Most of us experienced that, people who knew about it when it was created had the biggest regret in their life. It is understandable, it is normal to be skeptical about investment if you are not sure where it will lead to.

One of the biggest lessons I've learned from the past bull market is to never HODL your  coin/token for too long. Always take your profit if you can and while you can. I've had several projects where I was left to HODL till the value goes down the drain.

It's Good that you have not Bought Bitcoin in early Days because if you purchased them those time ?for sure you have much more to lose on these cases below
Imagine Having Lot or Bitcoin ? Then the hackers ,scammers and even Fake projects had accumulated Big amount of Bitcoin as you have many to invest .

But that's part of Crypto investing ,To become a victim of our wrong decisions, but important that we at least learn more.