Topic: Worst mistake you did with Bitcoin? - page 112. (Read 135170 times)

I've got a couple of mistakes. Let's start with these two.

#1; I was in the need of money and I sold a part of my BTC at what I thought was the right moment. Later it turned out that that was one of the worst moments to sell BTC..
#2; I invested a large part of my BTC in Scrypt ASIC mining devices. I'm still waiting on these devices and I think they will not show up anymore ("Fibonacci").

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Definitely. Its unbelieveably hard. The feeling might even manipulate you to think you did your due diligence. Its like an incredible force. Adrenaline. Maybe its similar to what gamblers feel.

Last time i fell for it i did my due diligence and then the price of the coin went up. I became emotional and hasty because i thought it will go up anyway and i need to get on it fast.

I think without the emotions i would have decided that i could wait until its cheaper again. And it went down.

The stupid thing is... i waited until it went up again and managed to sell for the buying price and even with a small profit, but that was because bitcoin was rising and the coin was pegged to bitcoin. Only thing... the coin didnt stop that time. It went up and up.

I doubt the selling was emotion based. It was more bad luck i think. But they buying into a high price was emotion based.

Really... when you guys feel such an urge to buy or invest because it looks SOOO great... then turn off your computer and go to sleep. Seriously.

*lol* I would say it was that i did not take care enough when i first heard of bitcoins. I probably could be rich.

That is a very important lesson. It's also one of the hardest to take on board and implement. If you can put those types of feelings to bed then you're way ahead of most people.

Not giving it much of attention back in 2012 the very first time I read about it.

Biggest mistake: Spending x number of BTC on Butterfly Labs hardware and getting only a fraction back returned to me an entire year later when they failed to deliver. Not to mention the insane amount of wasted time trying to get the refund.

Second biggest mistake: Buying alt coins back in the 2014 frenzy

Mintpal (hacked) + hashprofit (Ponzi)  

Edit: Alphatechnet maybe 50 BTC lost.

My biggest mistake with bitcoin was not coming into this profession earlier.
But I don't regret it as I was just 12 at that time. 

very unfortunate if there are many balances in it, how much balance in it bro ?

Luckily it was not a big mistake i did but it was trusting that cloud mining can bring me a profit.

But when i read what mistakes others did i think iam rather lucky at the end.

Mine was acting on emotions. Let me tell you that emotions are the worst when it comes to investments. If you ever feel that you have to invest now in order to not lose a chance... then DONT invest. Let it be. There is no chance big enough to act on emotions. And for the most part these emotions are a bad advice anyway.

10btc I can't imagined how you guys have the guts of losing that amount. Here in my country I can buy lots of gadgets and high end equipments with that amount Maybe you guys are all rich .

My biggest mistake was to play on some gambling sites with 10 btc and lost them in such a short period of time easy by easy in hope to recover the loss.

 April 12th 2013 got some ASIC equipment that week. Was told at least the 5gh Jally I would get by the end of that month. Soon after it was the
 'in 2 weeks" (tm bfl) line.
 Finally got a refund on all my stuff 1 year and 20 days later due to xfering it in desperation with a fee to the monarch units (or else on the 65mm
 stuff I would have not seen most of it till the following year)

  The xfer at the time did not work out for the orig Jally (I was not gonna xfer it to cloud mining on their promise) and I got that orig Jally on
  Halloween Oct 31st 2013. Sold it on Ebay promptly for about 1/2 of what I paid for it. But honest to god....when BFL was still taking phone
  calls and answering their emails on that April 12th 2013 1st order of mine, I WAS told (not maybe) but TOLD I would have it by the end of the month.

  Perhaps it was an enthusiastic employee that mis-spoke ..but the 'stonewalling and such' happened soon after.

  I still mark it with a sense of pride at being the 2nd person banned from BFL Chat for bringing up the possiblity (Aug 2013) THAT they had "no real'
  product and it was all a big stall to use our pre-order $$$ to mine themselves and all the other stuff that eventually was found out to be true.

  Anyway Rocky Raccoon was the first guy banned for the same reasons....then I guess a mess of folk were banned for asking why we were banned

  Ah...my innocent 'newbie' youth ..a frigging miracle I got my $$$ back (less the 1/2 price lost on the Jally) ...so dumb luck and circumstances is
  all I have to base this on. (and the FTC shutting them down etc)

I'm newbie on bitcoin
But my worst mistake was when i invested in an trading sites with all bitcoin that i have and bought a lot of KHS with high price but suddenly the it's prices get very down and i lost most of my bitcoin that i woked hard for a moth to collect them.

My biggest mistake was giving out thousands of bitcoins to friends, when they were worth nothing. Gave away at least 15k coins lol

Believe it or not the brains of people anticipating a win at the roulette table appear to react much like those taking euphoria like we consumed some drugs.
This is where, in terms of suicidal tendencies, gambling addiction leaves the pack.
“If you stop drinking, you can still go get a job,”
“But once you’ve got a gambling debt twice your annual income" it’s hard to come back from that

Buying arround 600 coins from a friend back in 2011.
Losing my intrest after a couple of months, and thereby losing my private keys...
I cried like a child when Bitcoin was all over the news at the end of 2013...

Next mistake, stepping back into Bicoin at a rate of $ 750 :/

Meanwhile I've learned a lot, and no way I am losing my coins ever again....

I did not big mistake with Bitcoin yet. And I hope it will continue. Only think is that I did not jump earlier as I had good reference which I did not followed

learning to stop ironically it's easy when you win and harder when you lose, because you want to win at least one time before stopping your gambling

the hit and run tactics is the best in this enviroment