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ITT: your biggest crypto mistakes
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Date: January 7th, 2018 12:15 PM Author: Aphrodisiac Jet Church Philosopher-king Edit: preferably list positive acts & not “not buying in when BTC was $0.01”-style omissions
My top five:
1. not selling BAT @ 3x & Myst @ 5x, coveting more gains throughout their moons and eventually getting out of each at break-even. 2. constantly adding to my SONM bags as it kept tanking, all the while deluding myself that Bittrex was imminent. Sold at a 70% loss. (Congrats to SONMbros though—always liked the project!) 3. getting way too greedy on bitmex. Longed the top just after BTC broke 10k, and terribly mismanaged the bet after that initial flub. Lost 7.4 btc in one trade. This one stung the worst. 4. returning to bitmex afterwards, getting greedy again and making another very marginal bet. Could have cut my losses on this one at 0.2 btc. Instead, I lost another 2.3 btc. Permanently quit bitmex after this. 5. Putting 40 eth into Cryptomus’ ICO, and using 625 gwei to get in. Not only was I the first contributor, but among the three biggest too. Just lol. |
Date: January 7th, 2018 12:17 PM Author: Fragrant Lime Crackhouse Toaster sellcucking into fiat because i got scared after china regs, buying back
now i owe a shit ton of taxes, and will likely have to sell eth just to pay them. |
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Date: January 7th, 2018 12:18 PM Author: Aphrodisiac Jet Church Philosopher-king have you considered SALT, friend? (http://www.autoadmit.com/thread.php?thread_id=3852136&forum_id=7#35101929) |
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Date: January 7th, 2018 12:18 PM Author: Fragrant Lime Crackhouse Toaster no eli5 (http://www.autoadmit.com/thread.php?thread_id=3852136&forum_id=7#35101931) |
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Date: January 7th, 2018 12:20 PM Author: Aphrodisiac Jet Church Philosopher-king Lending platform using crypto assets as collateral. Could be very CR for taxes.
https://saltlending.com/ |
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Date: January 7th, 2018 12:22 PM Author: Fragrant Lime Crackhouse Toaster ty (http://www.autoadmit.com/thread.php?thread_id=3852136&forum_id=7#35101951) |
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Date: January 7th, 2018 12:19 PM Author: pearly nighttime locus one year too late (http://www.autoadmit.com/thread.php?thread_id=3852136&forum_id=7#35101934) |
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Date: January 7th, 2018 12:25 PM Author: brass thriller area (http://www.autoadmit.com/thread.php?thread_id=3852136&forum_id=7#35101966) |
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Date: January 7th, 2018 12:43 PM Author: Violent Menage (http://www.autoadmit.com/thread.php?thread_id=3852136&forum_id=7#35102067) |
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Date: January 7th, 2018 12:19 PM Author: Avocado sinister casino knife #1 was my biggest also
not taking into account hindsight
also not doing zrx ICO and getting immediate 10x |
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Date: January 7th, 2018 12:22 PM Author: contagious mischievous factory reset button mediation Didn't put all my money in BTC in 2011 (http://www.autoadmit.com/thread.php?thread_id=3852136&forum_id=7#35101949) |
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Date: January 7th, 2018 12:23 PM Author: histrionic charcoal half-breed becky I have not made a single mistake other than not buying more, and earlier. (http://www.autoadmit.com/thread.php?thread_id=3852136&forum_id=7#35101954) |
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Date: January 7th, 2018 12:26 PM Author: Stimulating Thirsty State Gaping 1) Also missed the MYST moon. Watched it hit $5 in real time. Finally sold that a few days ago for $1.98.
2) Selling Status because it didn't moon hard enough after ICO. It's now up 12x from where I sold.
3) Not buying $10,000 of ETH when it dropped to $165. I had Coinbase open, and got greedy and waited for it to drop further.
Not sure I could have changed these without a crystal ball though. I generally wish I'd recognized the hyuuge opportunity for ALT coins sooner. |
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Date: January 7th, 2018 12:30 PM Author: Territorial orchid nursing home pistol sellcucked eth during the final memorial day weekend 2 am flash crash. hurt for a while and i basically wiped out all my gains. took a few days to jump back into crypto after that
i was seriously considering putting $10-20k into zcl (bitcoin private) around dec 18 when it was about $4. didnt pull the trigger. its like $200 now
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Date: January 7th, 2018 12:30 PM Author: Stirring mint bawdyhouse Selling 2000 of my 7k shares of KCS last week for $7.20 a coin, and putting it on VEN and XRB lol..
Selling all 5.5 of my BTC in the spring last year (for small $3.5k profit) because I found it too stressful.. I was a no-coiner until 5 weeks ago and was <1k profit until I discovered binance 3 weeks ago...now i'm at $220K profit.
Not riding Verge wave early
Ignoring Peterman/ETH thread early last year
Not following my formula and putting $10K into Snovio a couple weeks ago when it was sitting on EtherDelta.. Buy HAT guys |
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Date: January 7th, 2018 12:36 PM Author: Glassy House Twinkling Uncleanness Jesus where do I start?
KMD. Lost tens of thousands. And if I just held I would have made so much.
Losing faith in ETH.
So many moons I chased that led to tens of thousands of dollars in losses.
I literally owe no crypto taxes in 2017. |
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Date: January 7th, 2018 12:39 PM Author: Aphrodisiac Jet Church Philosopher-king email checks out (http://www.autoadmit.com/thread.php?thread_id=3852136&forum_id=7#35102050) |
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Date: January 7th, 2018 12:50 PM Author: at-the-ready red principal's office because you panic sold during temporary dumps? (http://www.autoadmit.com/thread.php?thread_id=3852136&forum_id=7#35102113) |
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Date: January 7th, 2018 12:46 PM Author: Bespoke electric stage EASY. buying 950k of xvg at 5 cents with the intent to sell at 31 cents. i got greedy and holdcucked until i gave up and sold at roughly 16 cents. sooooo much value lost.
selling cardano at 60 cents because i figured anything higher would make its market cap unsustainably high. i failed to realize this is a retarded market that doesn’t trade on anything resembling fundamentals. fuck my life.
these two mistakes have cost me well over a million dollars i think. excuse while i hang myself now |
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Date: January 7th, 2018 12:54 PM Author: at-the-ready red principal's office lol at 3x'ing 950k as your biggest mistake in crypto. what a time to be alive (http://www.autoadmit.com/thread.php?thread_id=3852136&forum_id=7#35102124) |
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Date: January 7th, 2018 12:57 PM Author: Bespoke electric stage Coins not dollars lol. And I don’t subscribe to the house money fallacy or anything. Money lost is money lost whether someone steals it from your pocket or it’s from a foregone investment (http://www.autoadmit.com/thread.php?thread_id=3852136&forum_id=7#35102146) |
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Date: January 7th, 2018 2:13 PM Author: razzle center if you don't see 3xing as a great outcome instead of bitching about not timing the market perfectly you might not have the stomach for shitcoins brother (http://www.autoadmit.com/thread.php?thread_id=3852136&forum_id=7#35102727) |
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Date: January 7th, 2018 12:50 PM Author: Provocative school wrinkle Sold 90% of ICO-purchased STORM in profit, but at a third of its peak price. It doubled like an hour after I sold, too Not selling DNT and ZRX when I was up 10x on both |
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Date: January 7th, 2018 12:58 PM Author: walnut market regret also, not buying up the cheapest coin on coinbase and kraken (LTC, XRP, EOS, for example). i thought too much about this one and got pwned. the market is irrational. newbs dont look at market caps. i would probably have made 300-400k more if i did this (http://www.autoadmit.com/thread.php?thread_id=3852136&forum_id=7#35102149) |
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Date: January 7th, 2018 1:01 PM Author: Stimulating Thirsty State Gaping CR. I had my finger on the trigger for LTC at $18. Then I thought to myself, "don't be an idiot, who the fuck would buy this shitcoin." (http://www.autoadmit.com/thread.php?thread_id=3852136&forum_id=7#35102168) |
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Date: January 7th, 2018 1:02 PM Author: walnut market regret Mine was EOS at $.70 (http://www.autoadmit.com/thread.php?thread_id=3852136&forum_id=7#35102173) |
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Date: January 7th, 2018 1:07 PM Author: Bespoke electric stage I take it you guys are all in on rdd then? I don’t think low per coin price is the only thing. People will do cursory googling about a coin probably and will gravitate to ones with good sentiment and name brand backers (http://www.autoadmit.com/thread.php?thread_id=3852136&forum_id=7#35102210) |
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Date: January 7th, 2018 1:09 PM Author: Laughsome feces Didn’t you sell at ~$4? I thought not hodling would be your bigger regret. (http://www.autoadmit.com/thread.php?thread_id=3852136&forum_id=7#35102234) |
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Date: January 7th, 2018 1:11 PM Author: Laughsome feces Sold LTC at $70, one week before it shot up to $200+ (http://www.autoadmit.com/thread.php?thread_id=3852136&forum_id=7#35102243) |
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Date: January 7th, 2018 1:24 PM Author: misanthropic field Cr I bought at 35 and sold at 60 thinking I did great (http://www.autoadmit.com/thread.php?thread_id=3852136&forum_id=7#35102356) |
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Date: January 7th, 2018 1:12 PM Author: up-to-no-good roommate somehow managing to miss the ethereum threads from 2016 (http://www.autoadmit.com/thread.php?thread_id=3852136&forum_id=7#35102255) |
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Date: January 7th, 2018 1:22 PM Author: walnut market regret not being a megapoaster costed you millions. odd case (http://www.autoadmit.com/thread.php?thread_id=3852136&forum_id=7#35102340) |
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Date: January 7th, 2018 1:24 PM Author: primrose really tough guy i've owned bitcoins since 2011 and never bothered to increase my btc stack after 2013 even as my net worth soared to over $50 million by 2016
i could have also easily become a cryptobillionaire by going harder into eth last year
largely neglected shitcoins these past few months |
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Date: January 7th, 2018 1:29 PM Author: walnut market regret 0x092E1D8583C5f4fdF29ec880b030592A3CEd21f4 (http://www.autoadmit.com/thread.php?thread_id=3852136&forum_id=7#35102394) |
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Date: January 7th, 2018 1:40 PM Author: Aphrodisiac Jet Church Philosopher-king jfc (http://www.autoadmit.com/thread.php?thread_id=3852136&forum_id=7#35102473) |
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Date: January 7th, 2018 2:10 PM Author: Stirring mint bawdyhouse What Alts are you bullish on? (http://www.autoadmit.com/thread.php?thread_id=3852136&forum_id=7#35102709) |
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Date: January 7th, 2018 2:12 PM Author: at-the-ready red principal's office getting baited into pump and dumps. im not sure how many hundreds of dollars I'll need to lose before I wise up. (http://www.autoadmit.com/thread.php?thread_id=3852136&forum_id=7#35102719) |
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Date: January 7th, 2018 2:15 PM Author: Bat-shit-crazy useless brakes Not going big into BTC in fall 2015. Strongly considered it but got scared off by the tech and non-traditional nature of crypto. Not only would have caught a lot of BTC gains, but would have likely been plugged into ETH and others much earlier. (http://www.autoadmit.com/thread.php?thread_id=3852136&forum_id=7#35102750) |