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Topic: WORST decision about BTC (Read 9257 times)

full member
Activity: 378
Merit: 100
May 25, 2018, 12:45:44 PM
For me, As of now I have none worst decision that I have done about bitcoin in my life in business
.because before I make a decision I consider many things that possible to happen or what they called what if to prevent from regrets in short I’m good decision maker.
hero member
Activity: 952
Merit: 1000
September 22, 2016, 07:14:51 AM
It's obviously to invest in scam site even after knowing the risk i had invested in scam mining site and they ean away with my money. How heartless they are funny they have mercy. But i am very fortunate to have bitcointalk full member account which yields about $20 monthly.
We must be more carefull to make investment in minning site becouse so many minning site was turning into scams. Everyone will make a worst decision about bitcoin if they do not check the credibility of minning site before make an invesment. make an investment is not just like playing around so keep carefull.

People already have experienced the loss in the past so I don't think that they will dare again to invest their money in those sites as they are very well aware what's end result gonna be.
hero member
Activity: 518
Merit: 501
Error 404: there seems to be nothing here.
September 22, 2016, 07:12:51 AM
Gambling/HYIP were the first.
Faucets were the second.
Cryptsy was the third.
Not holding was also one big mistake.

I think this pretty much sums it up Smiley
sr. member
Activity: 364
Merit: 250
September 22, 2016, 07:00:16 AM
It's obviously to invest in scam site even after knowing the risk i had invested in scam mining site and they ean away with my money. How heartless they are funny they have mercy. But i am very fortunate to have bitcointalk full member account which yields about $20 monthly.
We must be more carefull to make investment in minning site becouse so many minning site was turning into scams. Everyone will make a worst decision about bitcoin if they do not check the credibility of minning site before make an invesment. make an investment is not just like playing around so keep carefull.
full member
Activity: 210
Merit: 100
September 22, 2016, 06:59:51 AM
It's obviously to invest in scam site even after knowing the risk i had invested in scam mining site and they ean away with my money. How heartless they are funny they have mercy. But i am very fortunate to have bitcointalk full member account which yields about $20 monthly.
full member
Activity: 210
Merit: 100
September 22, 2016, 04:44:58 AM
It's obviously to invest in scam site even after knowing the risk i had invested in scam mining site and they ean away with my money. How heartless they are funny they have mercy. But i am very fortunate to have bitcointalk full member account which yields about $20 monthly.
legendary
Activity: 1134
Merit: 1598
September 18, 2016, 11:39:18 PM
Trying to "multiply" about $100 through PrimeDice. Big, big mistake. I'm just happy I didn't lose it all (lost about $30), but I was one step away from it. Never play gambling for easy cash! This happened about one year ago though. Another bad decision I regret is when I bought some games off Xbox. The BTC price was $250 and a few weeks later it went up to $600 if I remember....

Well why you regret when you have bought the xbox games for small value of bitcoin? And I guess that is a good one of investments, you can sell it again for the same amount of bitcoin valuing higher because the price is already $600. I don't get it why you are regretting buying that at low price or else my understanding is not at all.

I didn't buy them for a small value, this is why I regret it. The Bitcoin price was low ($250), so $60 was about the double of how much I would've spent if I would have bought them weeks later.
hero member
Activity: 3080
Merit: 603
September 18, 2016, 11:37:31 PM
Trying to "multiply" about $100 through PrimeDice. Big, big mistake. I'm just happy I didn't lose it all (lost about $30), but I was one step away from it. Never play gambling for easy cash! This happened about one year ago though. Another bad decision I regret is when I bought some games off Xbox. The BTC price was $250 and a few weeks later it went up to $600 if I remember....

Well why you regret when you have bought the xbox games for small value of bitcoin? And I guess that is a good one of investments, you can sell it again for the same amount of bitcoin valuing higher because the price is already $600. I don't get it why you are regretting buying that at low price or else my understanding is not at all.
legendary
Activity: 1134
Merit: 1598
September 18, 2016, 02:41:52 PM
Trying to "multiply" about $100 through PrimeDice. Big, big mistake. I'm just happy I didn't lose it all (lost about $30), but I was one step away from it. Never play gambling for easy cash! This happened about one year ago though. Another bad decision I regret is when I bought some games off Xbox. The BTC price was $250 and a few weeks later it went up to $600 if I remember....
legendary
Activity: 1232
Merit: 1091
September 18, 2016, 02:30:31 PM
Its hard to point a single worst decision as I have done it many times by investing in ponzi, cloud mining and also going for gambling where I never got anything in return.

The point of importance is.... Did you know, or at least had a feeling that where you invested in were likely scams? If that's the case, then it's really a bad thing. It's like you funding these scammers to make even more victims.
hero member
Activity: 714
Merit: 500
September 18, 2016, 02:27:19 PM
Its hard to point a single worst decision as I have done it many times by investing in ponzi, cloud mining and also going for gambling where I never got anything in return.
hero member
Activity: 840
Merit: 502
September 18, 2016, 02:08:03 PM
I think one of the worst decision that you can do about BTC is trusting somebody too much. You trust somebody on the Internet too much that you get so comfortable with him. You even let that user borrow some of your coins. That'd be your worst decision because if he runs away, you'd feel betrayed and scammed at the same time. That might not happen to everyone but it's better to always remember that.
I think trusting too much anyone that you don’t really know is a bad decision not only in bitcoin but in anything you do. But this is especially bad with bitcoin because the transferences are irreversible
hero member
Activity: 812
Merit: 1000
September 18, 2016, 04:41:27 AM
I think one of the worst decision that you can do about BTC is trusting somebody too much. You trust somebody on the Internet too much that you get so comfortable with him. You even let that user borrow some of your coins. That'd be your worst decision because if he runs away, you'd feel betrayed and scammed at the same time. That might not happen to everyone but it's better to always remember that.

If you can afford to trust someone in online world then you are wrong place, as there is no face to face dealing in bitcoin world which makes it really difficult to have faith on someone.
hero member
Activity: 826
Merit: 502
September 18, 2016, 02:35:11 AM
I think one of the worst decision that you can do about BTC is trusting somebody too much. You trust somebody on the Internet too much that you get so comfortable with him. You even let that user borrow some of your coins. That'd be your worst decision because if he runs away, you'd feel betrayed and scammed at the same time. That might not happen to everyone but it's better to always remember that.
hero member
Activity: 854
Merit: 501
September 17, 2016, 04:18:58 PM
Lol if he have spend enough time in reading the experiences of people on this forum then I am sure he will be alert about the scams and ponzi sites that are operating around.
The problem with many people here, they are not never remembering and applying others experience in their real time situations when they are encountering. I am the bad example for that, even I have read many gamblers experience about gambling and ponzi schemes, I have lost more than 0.1 BTC in many of similar sites, out of greedy.
Yes, this forum must be rich a sources of awareness, every bitcoiner must teach himself about how to avoid any potential scam. Unfortunately we are keep on seeing many people are going for trade without escrow or people are losing their valuable bitcoins into gambling sites etc something similar keep on happening around bitcoiners and for members of this forum, even though a similar experience had been discussed here so many times.
Yes, really pathetic. People are rushing towards earning bitcoin but never remembering the lessons that they are learning here. What is the use of working hard on earning bitcoin and losing it by not having enough knowledge about how to secure it. Worst decisions must be avoided from other experience.
Yes, securing your bitcoin is more important than earning it. If you are not good in saving your bitcoins safely then what is the use of earning it. Yes, you will earn it and you will lose it if you are not good in knowledge about possible scam attempts. I really appreciate this forum members for their effort about spreading awareness by having this kind of threads to show some people's mistake and what a lesson we could learn from it.
sr. member
Activity: 462
Merit: 250
September 17, 2016, 02:23:45 PM
Hi, all. I know that everyone here would have made some terrible decision about BTC. So I was wondering, what is the worst decision that you have ever made.

Personally, my worst decision was gambling 1.3 BTC in dice, just yesterday. Smiley
Worst decision you can make with Bitcoin is buying for to much money, many people do this because they somehow want to invest in Bitcoin no matter what the price is at the moment.
I have also done this but not anymore because I could have handled it better.
hero member
Activity: 672
Merit: 500
September 17, 2016, 12:03:34 PM
Investing in doubler, ponzi and cloud mining sites are the most common mistakes that everyone has done in the past and we are still recovering from those losses.
sr. member
Activity: 416
Merit: 250
September 17, 2016, 11:35:04 AM
terrahash......  still a tear comes to my eye when I see that name..

im really looking forward to the day when this community has matured enough, to create a reputation based system where it it becomes beneficial for merchants to be on the level.
hero member
Activity: 672
Merit: 503
September 17, 2016, 11:12:46 AM
The worst decision for me would be not spending my Bitcoins. If I don't do so, I'd just sit and assume it's value would rise over time and not spend it on anything. I feel it's better to enjoy with what we have now, save only some for the future. Afterall, no one can predict the value of anything in the future as it is uncertain.

Well if price exceeds then your entry price then without thinking much you should sell your coins and collect the profits as if price falls in your future then your holding won't be worth and waste your time.
hero member
Activity: 840
Merit: 502
September 17, 2016, 11:06:37 AM
I lost 25 dollars’ worth of bitcoin  more than one year ago buying a piece of software that at the end of the day I did not need, the software worked flawlessly but I made the mistake, at current prices that bitcoin will be worth closer to 65 dollars.
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