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Topic: What's your worst trade decision so far (Read 1114 times)

uki
legendary
Activity: 1358
Merit: 1000
cryptojunk bag holder
October 27, 2016, 02:25:28 PM
#29
I'm not a trader as such, but my worst decision was to leave bitcoins at an exchange (MtGox) instead of keeping them safely offline in "paper" wallets.

That cost me 50btc. Needless to say, I won't make that mistake again.
Same here. one of the first hard lessons learned. I lost 7.5BTC in different altcoins (ZEIT, CTM, MOON) that were left on coinex.pw for trading. The exchange was robbed by its owner (March 2014) and my coins were sold at Cryptsy. Lesson learned hard way and since then I never leave more than necessary on any exchange.
legendary
Activity: 1036
Merit: 1002
October 27, 2016, 09:33:32 AM
#28
I don't play the markets, but it seems interesting. Any crazy stories out there?

Only thing close I have, when I got my first Bitcoin the price was $180 and had been holding steady for months. I needed some cash so I sold my Bitcoin for $180 and within 2 weeks the price of Bitcoin was over $1000. It was terrible.  Shocked
My worst decision i made so far in trading is i just bought 0.2 bitcoin of BAC COIN in c-cex and then i saw it in yobit that the BAC coin is in 5000 satoshi per bac coin and if im going to buy bac in c-cex for 200 satoshi then i can really make my 0.2 bitcoin into 1 bitcoin and then i tried to send my bac into yobit and it's really take long till my bac was deposited in 24 hours and the price in the yobit is 180satoshi -_-
hero member
Activity: 1148
Merit: 504
October 27, 2016, 08:10:29 AM
#27
I don't play the markets, but it seems interesting. Any crazy stories out there?

Only thing close I have, when I got my first Bitcoin the price was $180 and had been holding steady for months. I needed some cash so I sold my Bitcoin for $180 and within 2 weeks the price of Bitcoin was over $1000. It was terrible.  Shocked

In retrospect, you could have just waited for a few more days and you could have reaped a very high profit. But nobody knows what will happen with bitcoins back then. Those who both at 1000 have suffered a big loss too when the price plummeted back to 200. At lease you did not suffer a loss.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
October 27, 2016, 06:24:17 AM
#26
i have this experience too. i remember when price bitcoin was in $200-$300, i sold for 0.1 btc but after a weeks the price is going to high and i am regret why i am so get quickly to sell. this is happen when bitcoin halving and i think i have another experience like this too. i hope i can learn from this and don't make any mistake in future.
sr. member
Activity: 441
Merit: 250
October 27, 2016, 06:14:37 AM
#25
My worst trade decision happened last week. I invested on z coin as its rate was increasing very fast. But i didnt do follow up for last two days. Since Bitcoin price increased, the Altcoin which i invested fell by 26 percent.But now , i have shifted my investment to Bitcoin again.

For me the error is that. Until you haven't sold at a loss, you haven't lost ! I think that in the path of ZCash and once the price of Bitcoin will have been flatened, ZCoin's price will climb again.
hero member
Activity: 742
Merit: 500
October 27, 2016, 06:05:45 AM
#24
My worst trade decision happened last week. I invested on z coin as its rate was increasing very fast. But i didnt do follow up for last two days. Since Bitcoin price increased, the Altcoin which i invested fell by 26 percent.But now , i have shifted my investment to Bitcoin again.
legendary
Activity: 1232
Merit: 1000
October 27, 2016, 04:57:44 AM
#23
I know that when the price of bitcoin increases, altcoin prices will fall. but I tried to buy altcoin because I think it is at the lowest prices, but after I bought and the price fall further later in the end I got stuck and when I did cut lose and then the price increase again. this really makes me crazy.
legendary
Activity: 1652
Merit: 1000
October 27, 2016, 04:43:54 AM
#22
In short, my worst trade decision is "Buy high, sell low" because i got fake information from untrusted website and trusted FUD/troll in this forum Sad
it does happened to me too several times but do not forget too for trollbox at exchange because people at there always give us false informations regarding the price and they trying to trap us and several times i did listen them but my trading results is always be loss
legendary
Activity: 1400
Merit: 1001
October 26, 2016, 09:15:42 PM
#21
I wasn't around in time when bitcoin was still reaching its popular status. I joined the hype train after bitcoin reached ATH in 2013.
But since that time we had many price drops and I sold serious amount of my coins during price decline - for about ~$300 - compared to today's price it was a BIG mistake.
hero member
Activity: 1204
Merit: 500
October 26, 2016, 09:08:54 PM
#20
The worst decision I might trade is when I buy coins were dead. I had just learned to play trading, and was so excited, so I buy coins which I forget the name of 0.1 BTC, because when the price dropped to 70%, and I think that it will go up. and, well, the next day, the coin maintance and disappear
legendary
Activity: 1736
Merit: 1029
October 26, 2016, 06:15:44 PM
#19
Selling BTC at $50 would be one of my pretty bad decisions. :-/
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
October 26, 2016, 06:05:44 PM
#18
ancient people even buy a pizza with hundreds of bitcoin. if it is seen now, the act was the stupidest action. however it was the past, look at that in the future will continue to grow bitcoin than today. we will be part of the future.

the guy who did that has stated that he doesn't regret it. he's a better man than me.

It was the first ever bitcoin transaction and if it hadn't happened then maybe the future would've been different.

I've never sold or traded, only accumulated and spent. all the junk I bought when it was in the 200s will no doubt haunt me in the future but it was cool to do at the time.

He made the first tx that legitimized Bitcoin. Without that transaction, who knows if we would have grown so much by now. Most of the people here today would not even be here if that pizza was never bought and Bitcoin believed to have a value. I would argue that it was a benevolent investment that he probably profited heavily from (later) assuming he had (likely) many other coins than the 10k spent.

@OP and thread;
Never dwell on bad choices! It's those choices that shape who we become, and it will drive you crazy if you can't let it go.
I must've passed out hundreds of BTC in tips in 2011 and 12. No regrets since it wasn't worth much back then. I don't even care now. Especially as a trader, if you are worth more now than before, you win. It doesn't matter if you cut too early, you profited. Most traders will lose far more than they win. Be happy you didn't get too deep with loans or some stupid shit and now owe money for coins you lost or spent.
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
October 26, 2016, 05:23:05 PM
#17
I'm not a trader as such, but my worst decision was to leave bitcoins at an exchange (MtGox) instead of keeping them safely offline in "paper" wallets.

That cost me 50btc. Needless to say, I won't make that mistake again.

Similar to above I lost all my bitcoin (at the time)n holding it on Bitcoinica. Never trusted an exchange since

Luckily I only lost about a third of mine at the time. I've managed to more than replace them since, buying the most during the deep dips in January and August of 2015 and mining a few before that.

That raised the average price I paid from about $120 (CAD) to about $200 including the ones I bought this year.

No regrets though. Live and learn. Today my $200 bitcoins are worth $900 each and they're much more securely held.

legendary
Activity: 2101
Merit: 1061
October 26, 2016, 04:53:30 PM
#16
I'm not a trader as such, but my worst decision was to leave bitcoins at an exchange (MtGox) instead of keeping them safely offline in "paper" wallets.

That cost me 50btc. Needless to say, I won't make that mistake again.

Similar to above I lost all my bitcoin (at the time)n holding it on Bitcoinica. Never trusted an exchange since
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
October 26, 2016, 03:18:24 PM
#15
I'm not a trader as such, but my worst decision was to leave bitcoins at an exchange (MtGox) instead of keeping them safely offline in "paper" wallets.

That cost me 50btc. Needless to say, I won't make that mistake again.
legendary
Activity: 3276
Merit: 2442
October 26, 2016, 03:07:38 PM
#14
As a wise man once said:

"Not making a decision, is a biiiig decision!"

I wish i bought some bitcoins when the price was 200$ each last summer.

Hell i even remember when it was 100$ in 2013 but i just met bitcoin at that time so i can forgive myself for that. But last summer? Damn.
sr. member
Activity: 441
Merit: 250
October 26, 2016, 03:04:19 PM
#13
I've bought 0,2BTC for 70$, and then lost it in altcoins to win five dollars more. If only I waited until now... Now I won't repeat that again !
legendary
Activity: 1372
Merit: 1005
October 26, 2016, 12:31:48 PM
#12
In short, my worst trade decision is "Buy high, sell low" because i got fake information from untrusted website and trusted FUD/troll in this forum Sad
all possible measures should be considered carefully. every trader must have had a less fortunate period. the most important thing to keep trying and always thought that someday we will be successful. it is the capital to become a real trader.


But all the trade will not be successful buddy. Always we can find the trusted people to have trade but still some of the people  scam when the indeed of them. So be aware and have escrow in your all trades.
legendary
Activity: 3010
Merit: 1280
Get $2100 deposit bonuses & 60 FS
October 26, 2016, 10:26:10 AM
#11
I was holding VPN and sold it for 112 satoshi.  Then after two months the price swell to 1k satoshi lol, another one is NEM, sold it around 62 satoshi the next two weeks it goes up to 200+ satoshi then 2k satoshi.  Sometimes, when we thought that it will never go up and sell everything, those will be the time when the price start to pick up and go up really crazy.
legendary
Activity: 1120
Merit: 1008
CryptoTalk.Org - Get Paid for every Post!
October 26, 2016, 10:07:05 AM
#10
There are few but worst one was latest scam by one alt (better not to say name) which have promised very big things and hyped the product but when it get some momemtum dev himself dumped his all holdings for few bitcoin profit making it die hard. And unfortunatly i have also trusted in it and got scammed. What i have bought for few bitcoin is now less than 0.01BTC in total.
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