Page 1 of 2 12 LastLast
Results 1 to 15 of 16
  1. #1
    Allura's Avatar
    Join Date
    Feb 2017
    Gender
    male
    Location
    CryptoLand Theme Park
    Posts
    6,175
    Reputation
    1182
    Thanks
    4,745
    My Mood
    Chatty

    Biggest mistakes you made during the December 2017 BTC bull run to $20,000

    The halving is coming up and there may be a chance that we see a bull run again if history repeats itself. List out the biggest mistakes you made during the pre-bull run, bull run and post-bull-run period so we don't make the same mistakes again.

    • Hot hand Fallacy - As this was the first time I was trading in a massive bull run, I believed, its going up, so it will keep going up. When it went down, I thought, it will come back up again (it didn't).
    • Looking and short term trades - I was more focused on Buying $1 now and making $1.05 in a day. Very difficult to trade like this without bots and algorithms trading for you.
    • Looking and Linear scale graphs rather than log scale graphs - Tying into the point above, I was looking at the smaller picture rather than the bigger picture. When I did look a the bigger picture, I was in linear scale, and it made me think bitcoin will go to a million.
    • Happiness - The thought of how much money I made made me so happy that I ignored common sense. What goes up must come down. I was tied by the hot hand fallacy.
    • Focused on BTC - I was so focused on BTC (because thats what people and media kept talking about). When I should haven thrown cash and shit coins in the 10-50 market cap rank range as LOTTERY tickets. They were the huge gainers. For some reason my only lottery coin I bought was reddcoin and it paid off 20x


    If I think of more, I will post them. These were my biggest ones, what were yours?
    Last edited by Allura; 03-18-2020 at 04:10 PM.
    I barely use MPGH IM, Send me a private message to reach me faster!
    Also I currently don't sell anything!



     
    DD/MM/YYYY
    Joined MPGH: 07/02/2017
    Premium: 08/02/2017 - ∞
    Newsforce (HOTW): 07/06/2017 - ∞
    Publicist: 06/11/2017 - 12/04/2018
    Minion (Minecraft): 23/12/2017 - ∞
    Minion (Cryptocurrency Talks): 01/05/2018 - ∞

  2. #2
    blazee14's Avatar
    Join Date
    Aug 2011
    Gender
    male
    Posts
    41
    Reputation
    10
    Thanks
    2
    My Mood
    Relaxed
    This is my biggest mistake

    Focused on BTC - I was so focused on BTC (because thats what people and media kept talking about). When I should haven thrown cash and shit coins in the 10-50 market cap rank range as LOTTE

    You said it all man

  3. #3
    DVGay's Avatar
    Join Date
    Oct 2019
    Gender
    male
    Posts
    470
    Reputation
    26
    Thanks
    78
    im pretty sure it was dec of 2017 not 2018

  4. #4
    Threadstarter
    Cryptocurrency
    and
    Minecraft
    Staff

    Former Staff
    Premium Member
    Allura's Avatar
    Join Date
    Feb 2017
    Gender
    male
    Location
    CryptoLand Theme Park
    Posts
    6,175
    Reputation
    1182
    Thanks
    4,745
    My Mood
    Chatty
    Quote Originally Posted by DVGay View Post
    im pretty sure it was dec of 2017 not 2018
    Oh yes, you are right.
    I barely use MPGH IM, Send me a private message to reach me faster!
    Also I currently don't sell anything!



     
    DD/MM/YYYY
    Joined MPGH: 07/02/2017
    Premium: 08/02/2017 - ∞
    Newsforce (HOTW): 07/06/2017 - ∞
    Publicist: 06/11/2017 - 12/04/2018
    Minion (Minecraft): 23/12/2017 - ∞
    Minion (Cryptocurrency Talks): 01/05/2018 - ∞

  5. #5
    CreeZ's Avatar
    Join Date
    Sep 2012
    Gender
    male
    Location
    Earth
    Posts
    243
    Reputation
    28
    Thanks
    41
    My Mood
    Asleep
    I invested in Cardano (ADA) and it smashed me very hard you can check the ada 2017 dec - recent if you are interested in my story

  6. #6
    Afroist1234's Avatar
    Join Date
    Jun 2016
    Gender
    female
    Posts
    273
    Reputation
    22
    Thanks
    1,723
    I spent all of it before

  7. #7
    KryptoKing's Avatar
    Join Date
    Feb 2019
    Gender
    male
    Posts
    247
    Reputation
    10
    Thanks
    12
    My Mood
    Cheerful
    i Hope it reaches to that point again.

  8. #8
    Mephedrone's Avatar
    Join Date
    Apr 2020
    Gender
    male
    Posts
    54
    Reputation
    131
    Thanks
    98
    Being to greedy

  9. #9
    Haneul1100's Avatar
    Join Date
    Mar 2019
    Gender
    male
    Posts
    120
    Reputation
    10
    Thanks
    12
    Invested a lot in that shit coin called Tron when it was 0.15 you complete the rest

  10. #10
    Dave84311's Avatar
    Join Date
    Dec 2005
    Gender
    male
    Location
    The Wild Wild West
    Posts
    35,837
    Reputation
    5782
    Thanks
    41,292
    My Mood
    Devilish
    Let a retard gamble with my coins





    THE EYE OF AN ADMINISTRATOR IS UPON YOU. ANY WRONG YOU DO IM GONNA SEE, WHEN YOU'RE ON MPGH, LOOK BEHIND YOU, 'CAUSE THATS WHERE IM GONNA BE


    "First they ignore you. Then they laugh at you. Then they fight you. Then you lose.” - Dave84311

    HAVING VIRTUAL DETOX

  11. #11
    freeman_'s Avatar
    Join Date
    Sep 2019
    Gender
    male
    Posts
    910
    Reputation
    24
    Thanks
    81
    My Mood
    Blah
    Well, I am not sure if it was really a mistake.. I began e-whoring in 2015. One day decided to put my $100 from Paypal to btc coz paypal as u all know is a bitch.. I never really got around to spending that $100 ... and in the end of 2017 .. cashed it out with handsome profit. But I never thought of investing again into the market. I figure that those few months held a greater profit window than the 2 years combined.

  12. #12
    Asgeirr's Avatar
    Join Date
    Oct 2014
    Gender
    male
    Posts
    2,274
    Reputation
    78
    Thanks
    293
    Quote Originally Posted by Allura View Post
    Happiness - The thought of how much money I made made me so happy that I ignored common sense. What goes up must come down. I was tied by the hot hand fallacy.
    That destroyed me, Like it went up before but then it just crashhhhhhhheddddd ;(
    Couldve made +200 but now im down 300, oh well It was my first time buying, mistakes are meant to be learned from

    - - - Updated - - -

    Quote Originally Posted by Haneul1100 View Post
    Invested a lot in that shit coin called Tron when it was 0.15 you complete the rest
    Haha I know the feels it gained so much hype and then crashed.... ;(

  13. #13
    x12's Avatar
    Join Date
    Jan 2015
    Gender
    male
    Location
    DAMN.
    Posts
    2,970
    Reputation
    472
    Thanks
    929
    I got kinda lucky and sold a good chunk at 18.2ish but still bite my ass for keeping any but ey thats life.

  14. #14
    Crypto's Avatar
    Join Date
    Jun 2019
    Gender
    male
    Posts
    245
    Reputation
    188
    Thanks
    28
    I convinced my mom to buy some BTC when it was at like $6k. She put a few thousand in it and held until like 19k, but fell for the hot hand fallacy.

  15. #15
    jmzo's Avatar
    Join Date
    Apr 2020
    Gender
    female
    Posts
    49
    Reputation
    10
    Thanks
    11
    My Mood
    Goofy
    so damn sad when I invested into some MLM coin. Lost almost fund

Page 1 of 2 12 LastLast

Similar Threads

  1. [Serious] Would you kneel during the national anthem?
    By Gaydow in forum General
    Replies: 97
    Last Post: 11-02-2017, 12:35 AM
  2. Replies: 62
    Last Post: 07-19-2014, 06:12 AM
  3. Replies: 33
    Last Post: 06-24-2014, 07:32 AM
  4. What happened to you during the maintenance?
    By Capsule in forum CrossFire Discussions
    Replies: 10
    Last Post: 08-08-2010, 06:33 PM
  5. What made you turn to the dark side?
    By kay911kay in forum Combat Arms Discussions
    Replies: 74
    Last Post: 06-28-2010, 04:19 AM