Just kidding!
Topic: Worst bitcoin decision you've ever made? - page 82. (Read 97039 times)
Joining Bitcointalk and dealing with all the trolls on here!
Just kidding!
Just kidding!
Mine was failing to buy in when my buddy was repeatedly telling me to. He had received 500 or so BTC as a wedding present from his brother in law (Roger Ver), back when they were under $1, I believe. If I hadn't heard about bitcoin, then I wouldn't care, but since I had the opportunity, plus I was actively looking for things to invest in, I totally blew it..
Not buying a year ago when I first learned about Bitcoin.
Buying mining contracts in advance vs. immediate hashing
Buying mining contracts in advance vs. immediate hashing
When i first heard of bitcoins, I tried to solomine them with my bad videocard.
I shouldve mined 24/7 in a pool and invest atleast something in them, i couldve bought some back then i think they where at like 10 dollar.
Im hoping that was my last bad decision, bitcoins and altcoins got my full attention now!
I shouldve mined 24/7 in a pool and invest atleast something in them, i couldve bought some back then i think they where at like 10 dollar.
Im hoping that was my last bad decision, bitcoins and altcoins got my full attention now!
Selling my mined 300 bitcoins.
Still changed my life in a positive way so I shouldn't cry to much.
Still changed my life in a positive way so I shouldn't cry to much.
Seeing BTC drop everyday from high of $1200 and did nothing..
The worst decision for many will be holding when it is time to diversify. Then they will get anxious with their 100% bitcoin holdings when the price goes sour, and sell more than they should, at the exact panic bottom, netting less and shedding terribly many if not all of their bitcoins. It is also emotionally hard to buy back at much higher.
I would not recommend holding more than 60-80% of your wealth in bitcoins. It may look tempting to have more but it is not really worth the risk and as a result you end up having both less fiat and less bitcoins due to the mechanism described above.
I would not recommend holding more than 60-80% of your wealth in bitcoins. It may look tempting to have more but it is not really worth the risk and as a result you end up having both less fiat and less bitcoins due to the mechanism described above.
But some people do not have much "wealth" to begin with. Let's say, for example, a college kid with no real savings took $500 and invested when the price was $10 so the kid has 50 coins. Now 100% of his "wealth" is in his BTC! Sure he could sell them now for about $50,000 and buy a really nice car, pay a small portion of his college and spend a few nice nights out with friends. Or, he could "diversify" some of it out but most investments right now are not as good as Bitcoin. Or perhaps the wisest choice would be to just hold those coins for just a little longer. If this year is as good as last year he could turn those coins now valued at $50,000 into $500,000. That could pay all his college, give him a nice down payment on a house and really change his life forever. Of course, then the wise thing to do would be just to have a plan to cash out coins perhaps and keep some like you have advised in the "safe and sane" plan you have somewhere.
TL:DR- The time to diversify is different based on how many coins a person purchased and what their level of "wealth" or place in life currently is.
rpietila, I thought you were "all in"? Or is this a case of do what I say, not what I do?
Also, out of curiosity, what do you think of Litecoin?
Also, out of curiosity, what do you think of Litecoin?
The worst decision for many will be holding when it is time to diversify. Then they will get anxious with their 100% bitcoin holdings when the price goes sour, and sell more than they should, at the exact panic bottom, netting less and shedding terribly many if not all of their bitcoins. It is also emotionally hard to buy back at much higher.
I would not recommend holding more than 60-80% of your wealth in bitcoins. It may look tempting to have more but it is not really worth the risk and as a result you end up having both less fiat and less bitcoins due to the mechanism described above.
I would not recommend holding more than 60-80% of your wealth in bitcoins. It may look tempting to have more but it is not really worth the risk and as a result you end up having both less fiat and less bitcoins due to the mechanism described above.
Not getting involved when I first read about it when the paper came out.
Coulda woulda shoulda
I'm in now, so better late than never.
Coulda woulda shoulda
I'm in now, so better late than never.
This is why you need to get yourself multiple ways of earning income so you don't panic sell anything and can afford to hold long term I've done the same myself, I mined Megacoin for awhile and I would have gotten 1.3BTC out of it or so if I'd have just been patient and sat on it for three or so months.
I've done the same myself, I mined Megacoin for awhile and I would have gotten 1.3BTC out of it or so if I'd have just been patient and sat on it for three or so months. 
Won 350-400 btc in Feb 2013 --- Didn't even hit my conscious at all that the price might rise in the future. Not for one nano second did I consider waiting it out to "see".
Liquidated all of it in less than a week through blockchains (discontinued) BTC for Moneypak # deal
Also sold my qrk a few hours too early and ultimately missed out on roughly 80k
it's whatever.
Liquidated all of it in less than a week through blockchains (discontinued) BTC for Moneypak # deal
Also sold my qrk a few hours too early and ultimately missed out on roughly 80k
it's whatever.
BFL
Seems i keep making these, the first was to by am100 shares on havelock when they were 0.04 BTC a share, then hang on to them thinking that they will get better when all that happened they dropped down to 0.0026, finally i decided to sell what i had at a big loss at 0.0030 and bloody now 2 days later they are on 0.0050 
Lose lose lose
Lose lose lose
Not logging in to Slush's pool after I stopped mining to retrieve what seemed like a small amount of bitcoins at the time. They sent me an email warning about dormant accounts being closed and to log in but I didn't.
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Not getting in when i heard about it 2 years ago. And then just kept waiting because i knew the bubble would pop eventually, and here i am now.
My worst Bitcoin decision ever was not inventing Bitcoin.
Left 100BTC in S.R 1.0
Left 51BTC in S.M
Left 2BTC in T.M
Yeah, i know, i´m stupid.
Can´t teach a old dog etc.
Left 51BTC in S.M
Left 2BTC in T.M
Yeah, i know, i´m stupid.
Can´t teach a old dog etc.
What's T.M? I know the others.
How much have you currently got it SR2.0?
TorMarket.
Around 10 in S.R 2.0 escrow, but i trust Defcon so no worries
Not heard of Tormarket. What happened to it?
Hedging in microscopic amounts of a shitload of altcoins. Not worth it in the end I think.
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