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Topic: What are the biggest mistakes you've done with Bitcoin? (Read 18442 times)

mokahless

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Re: What are the biggest mistakes you've done with Bitcoin?

April 03, 2013, 07:28:27 AM

#41

Paying for mining equipment in bitcoin instead of USD. But that is circumstantial. Had BTC gone down in price, I would have been better off. I admit I had less confidence in the system back then.
I am also not a large risk taker to I wanted to keep my risk within the bitcoin ecosystem.

Even earlier on, forgot the password to my first wallet containing 3BTC. Then found out that I had also lost the wallet.dat file when I tried to look for it this year.

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Ivica

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Re: What are the biggest mistakes you've done with Bitcoin?

April 03, 2013, 08:23:17 AM

#42

Gambled 1btc away. Yet my biggest mistake. I don't consider missed opportunities mistakes though.

19e3fcoLTu8YVFAU1NywJ88YnHH5kF8ScP - donations are welcome.

dserrano5

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Re: What are the biggest mistakes you've done with Bitcoin?

April 03, 2013, 09:01:46 AM

#43

Not getting into the mining business in 2011. My motherboard is an old one, without PCI-E sockets, and I didn't want to renew the whole computer since it worked (and works) fine.

phelix

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Re: What are the biggest mistakes you've done with Bitcoin?

April 03, 2013, 10:22:45 AM

#44

1.) Installed the client some time around December 2010. Set it to "mine". It made my laptop go loud and hot. Nothing else happened for the 30 seconds my patience lasted. Deinstalled it right away thinking there was no point to it at all. Had I only started GPU mining right away... it was hilariously profitable back then.

Took me several month to randomly bump into Bitcoin again and finally understand it's implications.

2.) GLBSE
Peter Lambert and his LIF stuff.
Some other company that I really deserved to loose on.
Zipconf (Still think it was a good idea)

3.) Not selling a single coin in the 2011 bubble.
To buy back at lower prices. Hmm, this one seems to remind me of something............

carborundum

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Re: What are the biggest mistakes you've done with Bitcoin?

April 03, 2013, 10:43:20 AM

#45

Quote from: phelix on April 03, 2013, 10:22:45 AM

3.) Not selling a single coin in the 2011 bubble.
To buy back at lower prices. Hmm, this one seems to remind me of something............

I can just imagine a this post in six months with people say "If *only* I sold at $134!!" with the price being ~$10 Cheesy

addi

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Re: What are the biggest mistakes you've done with Bitcoin?

April 03, 2013, 10:48:18 AM

#46

Trusting cloud wallets

♥♠♦♣ SatoshiBet Bitcoin Casino ♥♠♦♣

phelix

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Re: What are the biggest mistakes you've done with Bitcoin?

April 03, 2013, 11:48:36 AM

#47

Quote from: carborundum on April 03, 2013, 10:43:20 AM

Quote from: phelix on April 03, 2013, 10:22:45 AM

3.) Not selling a single coin in the 2011 bubble.
To buy back at lower prices. Hmm, this one seems to remind me of something............

I can just imagine a this post in six months with people say "If *only* I sold at $134!!" with the price being ~$10 Cheesy

Or the other way round. Unbelievable how people are still buying at 139+$

GernMiester

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Re: What are the biggest mistakes you've done with Bitcoin?

April 03, 2013, 01:49:39 PM

#48

Stopped mining in 09 the same day I started becasue BTC was worthless and I didn't make any coins in an hour or so..

Cry

t3c

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Re: What are the biggest mistakes you've done with Bitcoin?

April 03, 2013, 03:43:00 PM

#49

Starting in 2010 but then went RTW so couldn't mine whilst away easily
Starting again in late 2011 and realising that i didn't have enough GPU power to hand to make it worthwhile initially
Not buying the 100 coins i would've bought in Oct 2012 had my boiler not blown up that very same week.

Onwards and upwards, 1000 USD a coin soon right? Wink

whiskers75

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Doesn't use these forums that often.

Re: What are the biggest mistakes you've done with Bitcoin?

April 03, 2013, 03:46:00 PM

#50

I thought 'Ah, yay, Bitcoin! I've got 5BTC and I'll go spending crazy.'
~ few years later ~
What!! Bitcoin's worth $141??? AAARRRGHH!!

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Spaceman_Spiff

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Re: What are the biggest mistakes you've done with Bitcoin?

April 03, 2013, 11:01:51 PM

#51

Quote from: deathcode on April 03, 2013, 03:47:07 PM

I wouldn't call it a mistake, but I started investing $4k dollars in mining equipment and a similar amount in buying BTC directly when BTC was at $8 back in mid last year...
If I invested all 8K in BTC directly, I'd have way more coins!

I am betting some people on this forum would give their left nut to have made a 'mistake' like that.

hyunmi

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Re: What are the biggest mistakes you've done with Bitcoin?

April 04, 2013, 01:11:06 AM

#52

Trusting anything to be reliable. Mt.Gox's API failed on me at the worst possible time. = losses of 100BTC Undecided

well.....

ralree

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Manateeeeeeees

Re: What are the biggest mistakes you've done with Bitcoin?

April 04, 2013, 02:22:58 AM

#53

Loaned a total of 40BTC out on btcjam. Lost most of it - sad times. I hate scammers.

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BitcoinTate

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Re: What are the biggest mistakes you've done with Bitcoin?

April 04, 2013, 02:24:14 AM

#54

Twice now was I positive that we had hit the top, so I sold.... only to buy back in higher. Lesson learned. lol

- aka The "DigiMan"

chiliftw

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Re: What are the biggest mistakes you've done with Bitcoin?

April 04, 2013, 10:44:19 AM

#55

Trusting shitmarket.eu - twice! The transactions went fine everytime, the users were cool but using it as an online wallet was...expensive... I lost 50 BTC because the admin gambled at first with user´s money (bitcoinica), then got "hacked" Angry

Endgame

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Re: What are the biggest mistakes you've done with Bitcoin?

April 04, 2013, 12:00:45 PM

#56

Quote from: BitcoinTate on April 04, 2013, 02:24:14 AM

Twice now was I positive that we had hit the top, so I sold.... only to buy back in higher. Lesson learned. lol

Long term hold seems to be the only safe strategy when it comes to bitcoin. At least so far anyway.

endlessdark

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Re: What are the biggest mistakes you've done with Bitcoin?

April 04, 2013, 12:02:25 PM

#57

I panic sold most of my btc yesterday at 115USD Embarrassed

DarkHyudrA

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English <-> Portuguese translations

Re: What are the biggest mistakes you've done with Bitcoin?

April 04, 2013, 12:05:00 PM

#58

I never did this, but I already saw someone sending Bitcoins to the worng address, I think that this is the most Epic Fail someone can do.

English <-> Brazilian Portuguese translations

knight22

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Re: What are the biggest mistakes you've done with Bitcoin?

April 04, 2013, 12:06:27 PM

#59

Quote from: DarkHyudrA on April 04, 2013, 12:05:00 PM

I never did this, but I already saw someone sending Bitcoins to the worng address, I think that this is the most Epic Fail someone can do.

Yep and I did that already. I sent 1 btc to a wrong address, probably a wrong instawallet address.

Want to know about the banking system scam? Watch this:
The Biggest Scam In The History of Mankind
Money as Debt I & Money as Debt II - Promises Unleashed "We can win a major battle in the arms race and gain a new territory of freedom for several years" - Satoshi Nakamoto
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John (John K.)

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Re: What are the biggest mistakes you've done with Bitcoin?

April 04, 2013, 12:08:14 PM

#60

Quote from: knight22 on April 04, 2013, 12:06:27 PM

Quote from: DarkHyudrA on April 04, 2013, 12:05:00 PM

I never did this, but I already saw someone sending Bitcoins to the worng address, I think that this is the most Epic Fail someone can do.

Yep and I did that already. I sent 1 btc to a wrong address, probably a wrong instawallet address.

+1. Let us pray for the coins sent to oblivion...
(https://bt.irlbtc.com/view/158175.0)

And 'investing' in Pirate. Embarrassed

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