Topic: Your biggest bitcoin-buy/sell fuckups - Therapy by writing & reading :) - page 2. (Read 5802 times)

Selling too much too early.

608?

You got to be kidding me.

Biggest mistake?
Preordering a BFL single instead of buying 130 BTC, nuff said.

I didn't sell half, I literally lost them.
Before the crash I had about 3200 and then after the crash I had 1600 due to my *masterful* trading strategy.


You're too kind, usually more of a lurker than a poster, but the sob story thread is definitely my time to shine 

 

You're quickly becoming my favorite poster on this board.

"Found"?

My worst decision was selling 200 bitcoins a few feeks ago when I found 300 bitcoins. Of course I have been buying them up and building up my bitcoin coffers again.

Bought 5 btc at $20 back in the day.  Sold a bit and here and there managed to both make money but less than I would have if I had just held.  Made a total of $400 profit for a total of $500 but sold at $260~ish and haven't rebought yet.  On the other hand, I grabbed $1k worth of coins at $400 from Coinbase.  Hope we don't crash before that clears on the 20th!

One man's pain is another man's envy. I would be ecstatic if I had 1600 coins!! Glad you only sold half of your incredible bounty 

Knew about bitcoin back when it was cpu mined.  

Researched it, read up on it, mined it with cpu for 3 days... lost interest.  I don't remember how much it was back then or even if there was exchanges or anything, it could not have been more than 1 or 2 bucks at the time a coin though.  Thought nothing of it and forgot to set my computer to auto-mine when it's not in use. Could have made a mint.

Fast forward a year or two. Interest in BTC was re-kindled when I read somewhere that it was going for $5 a coin. I remember being shocked it was $5.  I was thinking about doing some mining, but was doing the calculations and saw that for all the effort and power costs 'wasn't really worth it' enough to get me enthusiastic to mine with video cards. .....Yup, that was dumb. What was worse was I was working a p/t job reviewing computer hardware for a website and so had access to heavily discounted video cards, I paid about 1/3rd of retail and was getting the newest products on that market, often even before they were sold.

Ugh. Ya.

Got re-caught up in the bitcoin price boom of last year. I bought a few hundred dollars worth of coins at $14 and suddenly they went to $50 -$60, and climbing.

Spent 15 bTC towards a whopping 12 GH coming from Avalon in batch 3. Of course Avalon screwed that up, it was months late, and we'll only give me a 50% roi. You can buy 12 GH for like .6 BTC now or something.

Had a decent amount of Bitcoins and what did I do August? Invested a lot in Asicminer stock. I bought a lot at 3.5-3.8 BTC per share thinking it was undervalued...it slowly declined to around 0.6 BTC per share.

I made some good profit and my mining farm of 8 gpus at its peak brought in a lot of coins, but ended up losing much between Asicminer and Avalon.

So ya those are 5 terrible moves.  I could have made a bundle at least twice, maybe more times...but it's funny even with all those bad decisions I've still come out well ahead (hard not to when we are at $500+, which I still can't believe happened already) and have had a ton of nerd-fun, and now love Bitcoin even more.

Still have about that much left, it's nearly time for $1000 a night hookers and scarface like piles of blow...
Oh and also forgot about the 649btc that pirate stole... oh the stupidity 

[email protected] - Manipulator times (bitcoinica, pirateat40...)

Buying 1st gen ASIC chips from Avalon in a group buy. Ugh.

Have not sold a single coin.
Biggest fuckup was investing 6 BTC in coinlenders.

Ouch. Tell me you kept some...

I started buying and selling bitcoins around March 2012. I always kept a fluctuating stash of 100 - 300 coins that I bought for around $5 each on average. There was a mini spike to $14 followed by a flash crash to about $8 in August 2012. I was so proud of myself for selling 99% of my coins near the peak of that crash.  

At that point, my knowledge of bitcoin was limited, therefore my faith was weak. I thought it was overvalued, so I slowly bought back in over the course of the next year. I have less coins now, and I paid more for them!

Then I sold half my coins at about $120 at the beginning of the SR crash. Again, proud of myself for selling the top (Doh!). Accepted my mistake when we were pushing on $150 and bought back in. I like to think I just donated ~10% of my stash to people who may not have as many bitcoins. I'm ok with sharing.

I want to believe I've learned my lesson, but I'm sure I will continue to give away my coins during crashes. I have put ~35% of my coins on paper wallets that I don't touch no matter what though.

I like this thread. It's comforting  

If you learned your lesson, it was the best bargain of your life.

Lost 1600 coins during the april crash, I behaved like a pig and was slaughtered.
Ima go back to crying in between taking bites out of this cookie dough tube 

My worst fuckup was probably buying a KNC Jupiter miner for 88 BTC back in June. That little hobby of mine will cost me around 50 BTC according to my estimation, no way I can lose that much by the little day trading I do. Oh well I could have also sold them all and never bought back, so I guess it could be worse...

Didnt bought 500btc back in january because i was too stupid to figure out how to put money in my mtgox account... gave up and forgot about btc till april news...  never bothered to buy and hold since then cu even 100 $ seemed high for me...

Bought 100 BTC @ $20 back in June 2011 on the way up. Price hit $30 and then dropped to $8 at the end of August 2011 when I finally sold.