Worst bitcoin decision you've ever made? - page 76.

apsvinet

full member

Activity: 224

Merit: 101

Quote from: TwinWinNerD on April 15, 2014, 01:19:07 PM

Quote from: apsvinet on April 15, 2014, 01:16:52 PM

Quote from: TwinWinNerD on April 15, 2014, 01:15:25 PM

Quote from: apsvinet on April 15, 2014, 01:10:08 PM

Quote from: TwinWinNerD on April 15, 2014, 12:30:55 PM

Quote from: apsvinet on April 15, 2014, 12:29:44 PM

Quote from: zeeshanblc on April 13, 2014, 03:36:58 AM

Bought 200BTC at $18 more then a year ago, sold it for $80 thinking I made HUGE profit, classic screwup but who would know it would go to $1100

Just like for everyone else thats the tricky part. You can't predict what's gonna happen. In my opinion you still made a good deal, although not optimal at all.

If i kept every bitcoin that I had , when I had the most, I would have >1mUSD at todays prices. Sucks but yeah, I made a concious decision to hedge my risks back then.

Hah, yeah. It's a bit worse for the people who just lost them due to not caring as they weren't valuable at all, now realizing they'd be millionaires.

Well, then thing is, they never invested real money. So it is no that sad actually. Like the guy that had 10000 BTC on a harddrive that he mined 5 years ago on a laptop and then the harddrive ended up on the wasteplant. Not much investment right there, but sure it sucks to lose out on so much money Wink

Ah yeah. I've also had the policy to not invest any of my own money into bitcoins. I can't afford unsafe investments, even tho I'm fully aware I might regret it in 5 years.

This hugely depends on your personal finances. If you have disposable income, why not throw 5% of that into a high risk/high reward investment. The upside is huge and the downside is limited to -100%. If you are also young , then this sounds like a snapcall to me. (It was for me). But be sure to not be emotional about it, and make decisions on fundametials , not panic and price.!!!

That's the problem, I don't really have a disposable income that I can invest in anything. If I had, however, I would definitely consider investing small sums in bitcoins.

counter

hero member

Activity: 798

Merit: 500

Time is on our side, yes it is!

I think not being able to take advantage of the Mtgox vs Bitstamp price difference at the time. That was very painful to watch.

boumalo

legendary

Activity: 1918

Merit: 1018

Quote from: rpietila on April 15, 2014, 03:23:06 PM

Quote from: keithers on April 15, 2014, 03:11:35 PM

Not the worst by any means, but i think it was a bad decision for anyone who didn't add more to their holdings on this last dip down near $335. Understandably a lot of people have already invested all that they can afford into BTC or other alt-coins, but there really hasn't been any major substantiated news to cause the market to fall to those prices. It was obvious that purchasing at those levels would be profitable.

This will haunt them as we shatter $5(000) in August 11.

It sure is easier in 20/20 hinsight, at the time it was easy to think it could go down some more

Why August 11? Just because why not? Tongue

LAMarcellus

full member

Activity: 180

Merit: 100

Quote from: MarketNeutral on April 12, 2014, 08:34:02 PM

The worst? Deleting my 2010 wallet, because I concluded that relative to all the stress I was putting my CPUs, that mining bitcoin blocks (worth 50 btc back then) was too easy to give bitcoin any significant value. Wallet deleted. Binaries deleted. Let my servers rest. At that time, bitcoin seemed too esoteric and inexpensive to bother with, like an obscure geek experiment that would forever remain that way.

But I kept thinking about it, researching it, and eventually had another go at it.

....a common tale it seem.

Someday myths will be told about you.
The tragic comedy of very early bitcoiners.
Share more details and someday your story will end being quoted to posterity.

Grin

/

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: keithers on April 15, 2014, 03:11:35 PM

Not the worst by any means, but i think it was a bad decision for anyone who didn't add more to their holdings on this last dip down near $335. Understandably a lot of people have already invested all that they can afford into BTC or other alt-coins, but there really hasn't been any major substantiated news to cause the market to fall to those prices. It was obvious that purchasing at those levels would be profitable.

This will haunt them as we shatter $5(000) in August 11.

boumalo

legendary

Activity: 1918

Merit: 1018

Quote from: TwinWinNerD on April 15, 2014, 01:15:25 PM

Quote from: apsvinet on April 15, 2014, 01:10:08 PM

Quote from: TwinWinNerD on April 15, 2014, 12:30:55 PM

Quote from: apsvinet on April 15, 2014, 12:29:44 PM

Quote from: zeeshanblc on April 13, 2014, 03:36:58 AM

Bought 200BTC at $18 more then a year ago, sold it for $80 thinking I made HUGE profit, classic screwup but who would know it would go to $1100

Just like for everyone else thats the tricky part. You can't predict what's gonna happen. In my opinion you still made a good deal, although not optimal at all.

If i kept every bitcoin that I had , when I had the most, I would have >1mUSD at todays prices. Sucks but yeah, I made a concious decision to hedge my risks back then.

Hah, yeah. It's a bit worse for the people who just lost them due to not caring as they weren't valuable at all, now realizing they'd be millionaires.

Well, then thing is, they never invested real money. So it is no that sad actually. Like the guy that had 10000 BTC on a harddrive that he mined 5 years ago on a laptop and then the harddrive ended up on the wasteplant. Not much investment right there, but sure it sucks to lose out on so much money Wink

Those who bought the coins didn't throw their hard drive away but most of them cashed out after +xxx%

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

Not the worst by any means, but i think it was a bad decision for anyone who didn't add more to their holdings on this last dip down near $335. Understandably a lot of people have already invested all that they can afford into BTC or other alt-coins, but there really hasn't been any major substantiated news to cause the market to fall to those prices. It was obvious that purchasing at those levels would be profitable.

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: ragingazn628 on April 01, 2013, 01:27:19 AM

Summer 2012. Diablo 3. I bought in game gold with bitcoin @ $3/btc - Spent 90 coins for 500 million in game gold.

IGG = 35 cents / million now.

I lose.

/wrist

In hindsight that does look like a really bad move.
Don't hurt yourself.

TwinWinNerD

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Activity: 1680

Merit: 1001

CEO Bitpanda.com

Quote from: apsvinet on April 15, 2014, 01:16:52 PM

Quote from: TwinWinNerD on April 15, 2014, 01:15:25 PM

Quote from: apsvinet on April 15, 2014, 01:10:08 PM

Quote from: TwinWinNerD on April 15, 2014, 12:30:55 PM

Quote from: apsvinet on April 15, 2014, 12:29:44 PM

Quote from: zeeshanblc on April 13, 2014, 03:36:58 AM

Bought 200BTC at $18 more then a year ago, sold it for $80 thinking I made HUGE profit, classic screwup but who would know it would go to $1100

Just like for everyone else thats the tricky part. You can't predict what's gonna happen. In my opinion you still made a good deal, although not optimal at all.

If i kept every bitcoin that I had , when I had the most, I would have >1mUSD at todays prices. Sucks but yeah, I made a concious decision to hedge my risks back then.

Hah, yeah. It's a bit worse for the people who just lost them due to not caring as they weren't valuable at all, now realizing they'd be millionaires.

Well, then thing is, they never invested real money. So it is no that sad actually. Like the guy that had 10000 BTC on a harddrive that he mined 5 years ago on a laptop and then the harddrive ended up on the wasteplant. Not much investment right there, but sure it sucks to lose out on so much money Wink

Ah yeah. I've also had the policy to not invest any of my own money into bitcoins. I can't afford unsafe investments, even tho I'm fully aware I might regret it in 5 years.

This hugely depends on your personal finances. If you have disposable income, why not throw 5% of that into a high risk/high reward investment. The upside is huge and the downside is limited to -100%. If you are also young , then this sounds like a snapcall to me. (It was for me). But be sure to not be emotional about it, and make decisions on fundametials , not panic and price.!!!

apsvinet

full member

Activity: 224

Merit: 101

Quote from: TwinWinNerD on April 15, 2014, 01:15:25 PM

Quote from: apsvinet on April 15, 2014, 01:10:08 PM

Quote from: TwinWinNerD on April 15, 2014, 12:30:55 PM

Quote from: apsvinet on April 15, 2014, 12:29:44 PM

Quote from: zeeshanblc on April 13, 2014, 03:36:58 AM

Bought 200BTC at $18 more then a year ago, sold it for $80 thinking I made HUGE profit, classic screwup but who would know it would go to $1100

Just like for everyone else thats the tricky part. You can't predict what's gonna happen. In my opinion you still made a good deal, although not optimal at all.

If i kept every bitcoin that I had , when I had the most, I would have >1mUSD at todays prices. Sucks but yeah, I made a concious decision to hedge my risks back then.

Hah, yeah. It's a bit worse for the people who just lost them due to not caring as they weren't valuable at all, now realizing they'd be millionaires.

Well, then thing is, they never invested real money. So it is no that sad actually. Like the guy that had 10000 BTC on a harddrive that he mined 5 years ago on a laptop and then the harddrive ended up on the wasteplant. Not much investment right there, but sure it sucks to lose out on so much money Wink

Ah yeah. I've also had the policy to not invest any of my own money into bitcoins. I can't afford unsafe investments, even tho I'm fully aware I might regret it in 5 years.

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

Quote from: apsvinet on April 15, 2014, 01:10:08 PM

Quote from: TwinWinNerD on April 15, 2014, 12:30:55 PM

Quote from: apsvinet on April 15, 2014, 12:29:44 PM

Quote from: zeeshanblc on April 13, 2014, 03:36:58 AM

Bought 200BTC at $18 more then a year ago, sold it for $80 thinking I made HUGE profit, classic screwup but who would know it would go to $1100

Just like for everyone else thats the tricky part. You can't predict what's gonna happen. In my opinion you still made a good deal, although not optimal at all.

If i kept every bitcoin that I had , when I had the most, I would have >1mUSD at todays prices. Sucks but yeah, I made a concious decision to hedge my risks back then.

Hah, yeah. It's a bit worse for the people who just lost them due to not caring as they weren't valuable at all, now realizing they'd be millionaires.

Well, then thing is, they never invested real money. So it is no that sad actually. Like the guy that had 10000 BTC on a harddrive that he mined 5 years ago on a laptop and then the harddrive ended up on the wasteplant. Not much investment right there, but sure it sucks to lose out on so much money Wink

apsvinet

full member

Activity: 224

Merit: 101

Quote from: TwinWinNerD on April 15, 2014, 12:30:55 PM

Quote from: apsvinet on April 15, 2014, 12:29:44 PM

Quote from: zeeshanblc on April 13, 2014, 03:36:58 AM

Bought 200BTC at $18 more then a year ago, sold it for $80 thinking I made HUGE profit, classic screwup but who would know it would go to $1100

Just like for everyone else thats the tricky part. You can't predict what's gonna happen. In my opinion you still made a good deal, although not optimal at all.

If i kept every bitcoin that I had , when I had the most, I would have >1mUSD at todays prices. Sucks but yeah, I made a concious decision to hedge my risks back then.

Hah, yeah. It's a bit worse for the people who just lost them due to not caring as they weren't valuable at all, now realizing they'd be millionaires.

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

Quote from: apsvinet on April 15, 2014, 12:29:44 PM

Quote from: zeeshanblc on April 13, 2014, 03:36:58 AM

Bought 200BTC at $18 more then a year ago, sold it for $80 thinking I made HUGE profit, classic screwup but who would know it would go to $1100

Just like for everyone else thats the tricky part. You can't predict what's gonna happen. In my opinion you still made a good deal, although not optimal at all.

If i kept every bitcoin that I had , when I had the most, I would have >1mUSD at todays prices. Sucks but yeah, I made a concious decision to hedge my risks back then.

apsvinet

full member

Activity: 224

Merit: 101

Quote from: zeeshanblc on April 13, 2014, 03:36:58 AM

Bought 200BTC at $18 more then a year ago, sold it for $80 thinking I made HUGE profit, classic screwup but who would know it would go to $1100

Just like for everyone else thats the tricky part. You can't predict what's gonna happen. In my opinion you still made a good deal, although not optimal at all.

zeeshanblc

sr. member

Activity: 390

Merit: 250

Bought 200BTC at $18 more then a year ago, sold it for $80 thinking I made HUGE profit, classic screwup but who would know it would go to $1100

MarketNeutral

sr. member

Activity: 406

Merit: 252

The worst? Deleting my 2010 wallet, because I concluded that relative to all the stress I was putting my CPUs, that mining bitcoin blocks (worth 50 btc back then) was too easy to give bitcoin any significant value. Wallet deleted. Binaries deleted. Let my servers rest. At that time, bitcoin seemed too esoteric and inexpensive to bother with, like an obscure geek experiment that would forever remain that way.

But I kept thinking about it, researching it, and eventually had another go at it.

....a common tale it seem.

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

Dunno

Investing in coinlenders
mtgox btc?!?
had my client in mBTC and sent someone 15 BTC instead of 15 mBTC, never heard of them again
bitcoinica?!?

jdun

member

Activity: 84

Merit: 10

The worst bitcoin decision I made was to sleep in the day bitcoin was first announced to the world and to fail to get my ass out of bed and do a random search for new world currencies. I'm kicking myself everyday for being that drunken asshole that could not see the future.

dnaleor

legendary

Activity: 1470

Merit: 1000

Want privacy? Use Monero!

Quote from: S4VV4S on April 08, 2014, 06:57:54 AM

Mining quite a few coins back in 2010 and then deleting the software thinking it was worthless Shocked

God, I hate me for that Angry

a friend of mine mined a few (he cant remember how much, it was 2011 with his CPU. He mined a few days; anyboday a guesstimate?) coins but eventually deleted the software, thinking it was a trojan Tongue

EasySam

newbie

Activity: 37

Merit: 0

diablo for 90 coins ? xD

shit... man

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