Topic: 10 main mistakes of Bitcoin newbies (Read 20901 times)
This thread can be helpful for us newbies on how are we going to deal with bitcoin. The biggest mistake of Bitcoin newbies is trying to get Bitcoin by following the unproductive paths like through the system hyip.
this article provides useful information and knowledge for me. and can be a literacy material for everyone who wants to know about bitcoin. thank you dud, i really appreciate it
There are literally 1000+ mistakes that newbies can make, but the article does summarize 10 of the major mistakes. Thank you for sharing.
Hi, with price soaring and newbies joining I found useful sharing this miniguide.
Hope this is appreciated
http://immutable.today/10-mistakes-bitcoin-newbies/
Hope this is appreciated
http://immutable.today/10-mistakes-bitcoin-newbies/
Newbies also tends to have a lot of security flaw locally whether on their phone or personal computers they lack safety precautions to secure their valuable information such as wallet keys and passwords etc and also make unnecessary sharing and getting hype too much that they do not chose people to trust their information with.
Keeping your money on an exchange or a web wallet is terrible idea. Both can be hacked anytime and your money can disappear. That's why I always recommend newbies at least a software wallet Electrum if they can't afford a hardware wallet. Having a control of you private keys is very important because they determine if you are the owner of your bitcoins.
That is a great little guide that shows newbies where is the right direction. I wish I came accross with this one when I was newby.
I've just introduced crypto world to my little brother, so that is good that I've seen this guide here, I can share with him too.
Newbies are guided here in this forum, this forum help a lot to every level investor and being a new comer there is a lot room to learn through this forum, and introducing this thing to new persons gives a lot of experience it enhances the investors and also user demands and it gives pumps to the price and give high profits.I've just introduced crypto world to my little brother, so that is good that I've seen this guide here, I can share with him too.
Hi, with price soaring and newbies joining I found useful sharing this miniguide.
Hope this is appreciated
http://immutable.today/10-mistakes-bitcoin-newbies/
Hope this is appreciated
http://immutable.today/10-mistakes-bitcoin-newbies/
I just finished reading this article and I find very helpful specially for the newbies.I hope this thread be always updated so that they can learn more about bitcoin. There will always a newbie to Bitcoin, so this kind of blog will always be helpful so that they will never do this kind of mistakes. Sad but true, it also happen to me before, I tried faucets and get soatoshis. I was told before that faucet is a good way to get a good amount of free bitcoin. Well, thanks to them for wssting my time.
Hi, with price soaring and newbies joining I found useful sharing this miniguide.
Hope this is appreciated
http://immutable.today/10-mistakes-bitcoin-newbies/
Hope this is appreciated
http://immutable.today/10-mistakes-bitcoin-newbies/
I just finished reading this article and I find very helpful specially for the newbies.I hope this thread be always updated so that they can learn more about bitcoin. There will always a newbie to Bitcoin, so this kind of blog will always be helpful so that they will never do this kind of mistakes. Sad but true, it also happen to me before, I tried faucets and get soatoshis. I was told before that faucet is a good way to get a good amount of free bitcoin. Well, thanks to them for wssting my time.
helpful information. at this time a lot of newbie who want once instant. less reading, want to directly produce. do not they all proceed?
The biggest mistake a newbie does is selling all his earnings whenever he gets it. I did that when I used to get and understood what I was doing wrong very early. Sell only 25% of your earnings, save the rest in a secured wallets.
Well true enough, its not smart to sell out of a growing system. Many dont realise what they are dealing with and everyone has to cover costs. I would say always sell some revenue to meet costs, usually then you have a minority left. I would sell some of that to own some gold, some sites will accept crypto to pay for gold. What percentage you hold of gold is upto the individual but always have more then 1% of free cash as FIAT is not a reliable system of saving. Then what you have left is profit, even out of this amount I would sell some to paper money but only when I think market has risen a sufficient amount in near term.
Then finally keep some so long as you believe in the crypto overall and its being developed adequately to meet needs of the common user not just elite type interests. An economy is always driven by the masses not the largest owners. The fastest business is from the smallest business is another general rule I agree with
That is a great little guide that shows newbies where is the right direction. I wish I came accross with this one when I was newby.
I've just introduced crypto world to my little brother, so that is good that I've seen this guide here, I can share with him too.
I've just introduced crypto world to my little brother, so that is good that I've seen this guide here, I can share with him too.
This kind of post is what i like the most here on the forum. It teaches newbies how to be a successful bitcoiners and how to secure their future with it.
The biggest mistake a newbie does is selling all his earnings whenever he gets it. I did that when I used to get and understood what I was doing wrong very early. Sell only 25% of your earnings, save the rest in a secured wallets.
Thanks for the article, I'll be sure to make use of it as I learn more about Bitcoin.
Hi, with price soaring and newbies joining I found useful sharing this miniguide.
Hope this is appreciated
http://immutable.today/10-mistakes-bitcoin-newbies/
Hope this is appreciated
http://immutable.today/10-mistakes-bitcoin-newbies/
it is a very good article, especially for the newbie, if it is original writing and articles that you make yourself, I really appreciate it, thanks for your hard work
Also include investing on shit bitcoin doublers, mining promising 1000% profit, ponzi, fake wallets, gambling etc. These things are hyping me before, also when claiming in bitcoin faucets i feel so rich haha 😂. But those days teach me how to become more stable now and every decisions I make always think twice.
Bitcoin teach me a lot of lessons, on how to give importance on what I owned financially. Also teach me how not to trust anyone.
I've been there... I remember claiming on faucet for more than 4hours.Bitcoin teach me a lot of lessons, on how to give importance on what I owned financially. Also teach me how not to trust anyone.
I also lose some money in doubler and hyip, well I get some profit too but it's not enough
I'm very thankful for the experience being a newbie, just like the saying "Experience is a great Teacher"
the main mistake is they sell at wrong time.
and I think it is really bad day for those who sell their bitcoins when they see that the bitcoin’s value is crashed, and the good day for those who save bitcoins , here is the day for their celebration because they are now milliners. So guys if I have an opportunity to get bitcoins I never ever miss it.
and I think it is really bad day for those who sell their bitcoins when they see that the bitcoin’s value is crashed, and the good day for those who save bitcoins , here is the day for their celebration because they are now milliners. So guys if I have an opportunity to get bitcoins I never ever miss it.
I think we all make mistakes when were newbie, specially when we new in trading, newbies are trade with emotions and i think this is one of the mistakes of newbie, well we all need to fail for us to learn.
Mistakes in trading are still committed by people even they call themselves professional traders hence we cannot expect mistake-free trading environment as it will be not at all possible for anyone. Like you mentioned while trading, almost all the traders are failing to control their emotions as it is highly bind with them physiologically.I guess all types of financial mistakes are originating from emotion failures. Yes, people get scammed by hyip just due to greediness or losing big money in gambling due to not maintaining self disciplines.
If we go for indepth analysis on all types of mistakes we make with any financial activities, we may come to a conclusions how important to have emotion control all the times. Earning is a big task but securing those earned wealth must more important task for anyone.
I think we all make mistakes when were newbie, specially when we new in trading, newbies are trade with emotions and i think this is one of the mistakes of newbie, well we all need to fail for us to learn.
For me I think the biggest mistake made by newbies is not getting involved sooner. I started only a little under two years ago but kind of lost time and didn't really have the money to invest. I spent/wasted alot of time on faucets but it gave me a start of my bitcoin. I am now starting my crypto currency journey again.
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