The bitcointalk forum offers the most legit information when it comes to bitcoin and its crypto space, so not knowing in it or taking a break before deciding to invest will really make a big difference unlike if you are always active in the forum. You might end up getting hooked on a new project where you think it has high potentials to succeed later on, not knowing that it has been the subject of scam being discussed in the forum. That way, you miss being informed that turns you become a new victim of it.

However, on my part, I guess one mistake that I’ve done before that until now I still can’t forget is when I believe bitcoin is a get rich quick that I’ve invested a lot of my earnings, only to find out that it takes years to profit in bitcoin, and if you rely on bitcoin profits alone, you will definitely end up starving to death.

I think that after several years, what you mention is a very poor philosophy for cryptocurrencies, perhaps in other areas it applies well, such as something "operational", a job on machinery, etc. But with bitcoin, the mistakes that are made can have such a personal root that they are useless for others. I think the main idea is to inform yourself well, check what you do wrong, and correct, to do that you can't wait to hear the mistakes of others, which by the way, a mistake in another individual does not necessarily mean that it has to have the same fate for you, I hope you understand the intrapersonal point of your question.

In conclusion, the mistakes made by other users in the crypto world do not have to be a guide for you, at least not always.

Hmmm I would definitely say that just trying to make money with other altcoins was a waste of time and money, I should have just stuck with Bitcoin the whole way through. But in hindsight I also secretly wished that I had gotten a come up with one of those meme coins. Thats the problem with all the other coins except for Bitcoin, they're all risky! Also using Ledger was a huge mistake, nobody could have foreseen that tho. Hmmm lets see when Binance changed to US and Non-US version I accidently sent a small amount of funds to my old non-US address and they kept all of that. Ledger also was a little shit when I transferred all of my assets off there they kept .01 BTC of mine! Those bastards. I also had to try like 20 times to get my stuff off of there thee Nano hardware was failing lol I would say buying any Yogg cards were a mistake, also not buying enough of Bitcoin and some other physical coins when I had the chance. Hmmmm, and also selling some Bitcoin, I definitely regret that lol

Buying and accumulating your desired coins are okay but I think we should not hold any coin so long that they go down forever and we miss the chance of making money from it. Everyone thinks that if they hold more they will earn more but I think holding should not be more than the time when the price is pumped to offer us profit.

Don't do what other people are doing because they have different minds than ours and also their reason behind their investment is not matching our goals. So do your own research and don't follow the strategies and investment plans of others as copying sometimes becomes hazardous for us.

I think for those who are trading, this can't be help since they have to put their funds on the exchanges in order to put a buy wall or a sell wall.  But we should keep our fund out of the exchange if we are not trading and never use exchanges as banks.

With regard to exchange, I did make a mistakes by not activating security features such as 2fa that lead to my funds being hacked.


Not entirely true, there are instances that shitcoins gives a person a better profit than Bitcoin.  What shouldn't be done is holding shitcoins because it often ends up worthless.  My experience on this is when holding shitcoins one must be always updated and monitored since one missed opportunity will lead us to hold worthless tokens.  I have a stash of 3k shit token that were priced at most $20 each during the token's hype but failed to sell them because I failed to monitor the market and did not sell when the price was profitable and later the shit token become worthless because it was abandoned by the developer wich makes me end up holding worthless token.

Here are some:

1. Sending to the wrong wallet address
2. Betting bigger than I can afford to lose
3. Pushing my luck too much
4. Betting without analyzing the match up
5. Betting to the opposing bias

Well, there are too many to mention but I guess we do all have our own mistakes inside and outside gambling. Bottomline is, you should be reflecting to learn and avoid not doing the same mistake again. Money is on the line and most of the time, it is just own fault why such things haappened and will regret it afterwards.

For me, the fear of having my coins stolen from my wallet by hackers or scammers or even the exchange itself crashing, has made me sell or withdraw too quick, when I would have been able to DCA properly seeing that I have actually studied how the DCA strategy of investment would fit my meager income.

I also made a mistake in not paying attention and practicing the steps taught to us during a free cryptocurrency trading class a colleague of mine organized during my old working days. Perhaps by now, I would have outgrown the fear of trading and losing my funds, instead I would have been more focused on trading and investment strategies to earn me better income.

The biggest mistake most people make in crypto is trusting people. I know a lot of investors who have lost a lot of money because of their naivety.

It would be an exaggeration to say that someone will hold bitcoins forever without selling, but that doesn't mean people will sell their bitcoins every time BTC reaches a new ATH or that they can't be held long term. You are not new to the market and I believe you have heard a lot of news about whale wallets with thousands of bitcoins waking up after 10 years, 5 years of holding. How long we can hold BTC will depend on each person's vision, economic conditions... not everyone is like us, don't impose your thoughts on others.

Similar to what I said, short-term or long-term investing will depend on each person's situation and each of us will have different plans and different goals.

I have just started the journey so I haven't made many mistakes in this short time but I may have missed some opportunities. Like I have known about Bitcoin since long ago and I also know a bit about investing here but never showed much interest in it but later when I realized that I should have invested then it was too late. For example, I learned about investing in Bitcoin when the price of a Bitcoin was under $30,000, but if I had invested then, I would have made a substantial profit now, but I didn't. Since I didn't do that then I must say that was a missed opportunity for me. But I will not see it as my mistake at all but I must learn here so that these lessons will be useful to me later.