Topic: What's the stupidest thing you have bought for BTC in the past ? - page 2. (Read 630 times)

I agree!

No one knows that bitcoin would really go high like this but somehow it cant really be avoided that you wouldnt have regret that you had spent those coins into something which isnt that much important but
since it is really meant to be spent then its not right that you would really stress out yourself to look back in the past.

Important thing is that you do bought on what makes you happy even though it such a waste or missed opportunity on not to held for long but at least you have gain or benefit something from it.

Not a good idea on looking back to the past and its better to move on.

Yes, the stupidest thing we have ever done is that we sell Bitcoin assets that we have when the Bitcoin price has not reached a high price. Due to economic needs, bitcoin assets that are owned are immediately sold.
If we had known for now that Bitcoin reached $50K price maybe we would be very lucky and rich now.

The stupid thing I have done with my Bitcoin was to withdraw it or sell it earlier before the rising. I didn't know it will rise like this. And so I regreted for withdrawing it.

If you online gambled away $1,000 worth of Bitcoin today is actually $1,000,000 worth of Bitcoin 20 years from now.
You basically gambled away one million dollars worth of Bitcoin based on the crypto markets 20 years from now.

I would have loved to be around to buy a loaf of bread for 2 BTC That is amazing.
Dumbest things I did were: Forget my wallet acces on blockchain, Bought verious tech toys that i didnt use and the just got outdated over time...

There is nothing for us to regret buying something that has become our desire, not just because we sacrificed Bitcoin even though at that time the price was indeed equal. If we look back then you will not be able to see how many people say I bought a loaf of bread because I was hungry with 2 BTC. wouldn't it be ridiculous to hear today? Meanwhile, at that time you spent the bread without thinking, later the price of Bitcoin soared high.

The goal of the thread is not to "cry over spilled milk , or make others feel bad.
Just to share experiences regarding using crypto. There are definitely stupid ones that we can laugh about.

The only thing i have used bitcoin as exchange is clothes and shoes and the person in charge of the boutique really like cryptocurrency and he usually accept payment with anything concerning cryptocurrency, the first time i went there to purchase wears, i went there with fiat but when i saw the sign post that states that a buyer can make a payment with bitcoin then i changed my mind to pay with bitcoin, but  the charge paying with bitcoin is even lesser than payment with fiat, so i made payment with $200.

what do you mean stupid thing?
all of that is not stupid, those who used bitcoin as a means of payment in the past are smart people. they are brave people for doing peer-to-peer transactions using bitcoin in the past. they are a part of bitcoin history today, and it is well worth what they do. so it's not stupid to use bitcoin as a means of payment. I personally used bitcoin to buy mobile data in the past, I'm proud to do it all. It's not the stupidest thing I've ever done.

It's something good but also something bad haha. Well, it was good that you bought a motorcycle, but it was also bad because at the current price, you could buy a car hahaha. Well, that was the time when the price was too low, but we were still earning bitcoin at the time. I don't have the stupidest purchase that I've made, but I believe that investing in a ponzi scheme and putting all of my money into it is the stupidest thing I've done, though on the other hand, I learned from it.

The stupidest thing that I have ever bought using BTC was multivitamins package from a friend of mine. I am not saying that the multivitamins set isn't bad because I am a user of it for almost a decade, it's just that after purchasing it with BTC, days later the price skyrocketed like crazy and I was like "Whaaaaat!!!!". It's just a one-off experience anyways.

1.xx bitcoin for a motorcycle. That is when bitcoin is around $600/$700 if me not wrong. Because who joined in crypto at end of 2014 and early of 2015 when big dump come and cause bitcoin on a price of less than $200 will really happy to see bitcoin price increased multiply times. And i think most of them already sold their coins at that price or when early pump come around $1000.

i bought lots of "stupid" stuff but back in 2011-2013ish coins were cheap, and when they went up in value (like ~1000) it was hard NOT to buy new toys and such. after all i started mining  in 2011 on GPUs just barely understanding the white paper. i made btc while i was sleeping basically (coming from folding@home and SETI i was used to donating free electric and computing power to various projects). bitcoin was basically just another project i ran, even at a loss (like when it crashed to ~2.00 USD). i mean its not like i made money at folding either, thats was just for the warm fuzzies.

so yeah "upgrades" happened here and there, after all bitcoin is made to be USED.. not hodled forever.

i think my most expensive (in todays btc price of ~52k USD) "useless" buy was like 5 games when steam took btc. 5 games, maybe 100 grand in todays value, maybe more. lol. i even played a couple of them, basically i just picked 5 that seemed interesting (turns out they really wernt) as i just wanted to support btc on steam.

and no real regrets. i feel i helped (in my very insignificant way) btc along its journey by early mining (it sure looked to be on deaths door around late 2011) and buying stuff. sure if i held it all today i would be, well pretty flush. but since btc has already allowed me to retire years early i dont worry about it. i achieved my goal. however you need achive yours, go for it.

One could look at it in another way though. What if one just hodls and hodls until one day he ceases to be? He may or may not have planned the way to pass the bitcoins on to his heirs (who in turn may or may not remember or understand the procedure).

One could resort though to a certain personal bitcoin threshold he does not want to use, and have some wiggle room to make purchases with at least a portion. Now since bitcoin seems to always rise in the aftermaths of an extended period of time in the worst case scenario, every made purchase with bitcoin may seem "expensive" on hinder thought, but at least those items/purchases were likely enjoyed …

I also sold a smaller amount to invest in one altcoin, but that was still at the beginning of my contact with cryptocurrencies - the project seemed very interesting and promising. Even though the whole thing failed, I still learned an important life lesson and I no longer spent BTC on any nonsense.

Everything else that I paid with BTC and that I pay today is completely justified for me, because I still think that Bitcoin is, first of all, a currency, and only then a store of value.

I agree with your decision, we dont know about future, when all people’s thinking was that virtual currency is under value or low value, then you buy a laptop through your bitcoin, and completed your demand, and as my opinion it is not stupidity, that was your little success. Becouse We make money to meet our needs.             

Was it a mistake, though? I hope not. If it was, then it is really sad. Sadness over what's done in the past is regret enough.

Personally, however, I don't regret much. I don't dwell much in the past. But I definitely agree with you that there is such a thing as regret. It is easy to say, "I did what should be done with Bitcoin, anyway." But we are human beings; our rational minds know how to compute. We have wishes. We have wants. We have dreams. And if we are to think of more than half a billion USD in today's price spent on a couple of pizza a little more than a decade ago, it is normal to feel sad of what's missed.

Of course, no point crying over spilled milk. After all, life moves forward not backward.

I bought a phone cover for Iphone 12 Pro from BTC.
I don’t want to list the site here, as if anything goes wrong i will be blame for promoting the site.
As the site was new and unpopular but has pretty decent quality covers, so I thought to purchase it.
It has payment option from Credit card, but as it was new, so I thought to buy from BTC.
That’s my story of buying the dumbest thing in BTC and luckily i got it delivered.

Exactly, we should not regret spending our bitcoin because that is how it was meant. We never know the price can increase this big but the thing in the past already happened and we cant change it.

Anyway, IIRC, I bought a cellphone just to join the ride of the people around who also have it, although I still have an existing phone that time. I cant say its a stupid decision but would be better if I never spend my btc for things that I dont really need yet at that time.

The stupidest? Actually I cannot remember anything very stupid that I spent my Bitcoin on. I think the very stupid thing that I did with my Bitcoin is converting it to fiat and spending it on useless stuff. In fact, that converting alone is already stupid considering that I did not even badly need that money. And I did a lot of conversions in the past when the price of Bitcoin was just below $5,000. But that was the time when I was a newbie. I already learned my lessons.