10 main mistakes of Bitcoin newbies - page 12.

johnwest

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Quote from: Sadlife on April 30, 2017, 08:41:44 PM

One of the biggest mistakes newbie will commit is investing lots of their bitcoins into some site called cloud mining.
And also bitcoin gambling is a very bad start when you've started using bitcoin, gambling is just for rich people who just wants to have fun and nothing to spend with their money.

Gambling is an addiction and getting out of it is not that anyone can do. Cloud mining is not that famous right now and people are understanding that getting ROI is not possible. The mistakes newbies are doing these days is that they want to get profit in a day or two and in that greed they will invest money in Hyips or Ponzi schemes.

fitty

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Quote from: Sadlife on April 30, 2017, 08:41:44 PM

One of the biggest mistakes newbie will commit is investing lots of their bitcoins into some site called cloud mining.
And also bitcoin gambling is a very bad start when you've started using bitcoin, gambling is just for rich people who just wants to have fun and nothing to spend with their money.

Yeah. Newbies are not aware whether they are investing in a legitimate or scam site. They are blind by the big return and profit. Those are the things that Ponzi sites are targeting. They are so eager to grow their Bitcoins fast and they are not patient to wait for the right time for it. Instead of growing their Bitcoin, it just makes their money disappear.

In addition, one another mistake I see is those newbies who are joining this forum thinking they can earn money from this forum without investment instantly. Thus, there are lots of SPAM threads and unconstructive posts appearing in this forum. Take note that it takes 1-2 years of ranking your account before you can earn a decent amount of Bitcoins thru Signature Campaigns.

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Quote from: ashour on April 30, 2017, 07:57:27 PM

Quote from: onrise on April 30, 2017, 12:57:39 AM

Firstly newbies always search how to get free bitcoin rather than start buying bitcoin and getting used to it. Since its practically not easily available to get free so people waste lot of time on those faucets, gambling etc and end up in a loss.

Buying won't be possible for everyone and that is the reason they start looking for free bitcoins which they can get from faucet sites but the payouts is too low but they don't have any other choice of earning bitcoins at that stage so I don't think that its a mistake to spend time on faucet sites.

I think everyone went through that stage but lingering there for too long is the real mistake. Once you get the hang of bitcoin, you should move on to better way of earning bitcoin. Collecting dust will just make the content of your wallet prone to higher fees because of high bytes input.

Sadlife

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One of the biggest mistakes newbie will commit is investing lots of their bitcoins into some site called cloud mining.
And also bitcoin gambling is a very bad start when you've started using bitcoin, gambling is just for rich people who just wants to have fun and nothing to spend with their money.

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Quote from: onrise on April 30, 2017, 12:57:39 AM

Firstly newbies always search how to get free bitcoin rather than start buying bitcoin and getting used to it. Since its practically not easily available to get free so people waste lot of time on those faucets, gambling etc and end up in a loss.

I think it's not a mistake of newbies, most of the newbies aren't that wealthy to buy bitcoins. And since they are newbies they are still skeptical with bitcoin so they want to make sure before investing on it. And the most popular mistake of newbies are they keep on joining HYIP's thinking that they can earn their legit but they are not aware that it's wrong.

ashour

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Quote from: onrise on April 30, 2017, 12:57:39 AM

Firstly newbies always search how to get free bitcoin rather than start buying bitcoin and getting used to it. Since its practically not easily available to get free so people waste lot of time on those faucets, gambling etc and end up in a loss.

Buying won't be possible for everyone and that is the reason they start looking for free bitcoins which they can get from faucet sites but the payouts is too low but they don't have any other choice of earning bitcoins at that stage so I don't think that its a mistake to spend time on faucet sites.

YuginKadoya

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Quote from: DoublerHunter on April 30, 2017, 01:59:32 AM

Those mistakes are right because most of the mistakes on the list, i experienced that like buying a lot of coins or altcoins when the price goes up or a news just launched, this is one of the my difficulties about bitcoin because until now i often do that but some of that greedy moves lead to me to gain profit unlike in the old days that i was always late.

We can really not say it is a mistake, I think that is human nature, we just want to gain more bitcoin and often time don't really think the consequences on what may happen if we done it, I think that is the difficulty in having no though on what will happen if you just do it and not planning it ahead! and I really think it is really hard in predicting any movements of bitcoin in the past,

DoublerHunter

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Those mistakes are right because most of the mistakes on the list, i experienced that like buying a lot of coins or altcoins when the price goes up or a news just launched, this is one of the my difficulties about bitcoin because until now i often do that but some of that greedy moves lead to me to gain profit unlike in the old days that i was always late.

onrise

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Firstly newbies always search how to get free bitcoin rather than start buying bitcoin and getting used to it. Since its practically not easily available to get free so people waste lot of time on those faucets, gambling etc and end up in a loss.

Babyrica0226

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Quote from: d.adabit on February 26, 2017, 06:49:34 AM

Hi, with price soaring and newbies joining I found useful sharing this miniguide.
Hope this is appreciated

http://immutable.today/10-mistakes-bitcoin-newbies/

This is was a very good tip for the newbie like me for things to do and not to do.
thanks anyway for this matter, it will be a big help for me to apply this things while
in the stage of learning here.

TastyChillySauce00

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Quote from: zohaibh on April 29, 2017, 06:49:51 AM

Sometimes a mature person also make mistakes not only newbie can mistake but also a mature member of bitcoin make mistake.

Mature doesn't mean experienced, but the newbie is clearly inexperienced. It's better to prevent those mistakes by at least reading someone's experiences instead of experiencing it directly. It'll not waste your time and efforts because you can learn without the needs of struggling first, it's a smart way to improve yourself.

Quote from: MWesterweele on April 13, 2017, 05:36:05 AM

Definitely , but people should learn their mistake in order for them to improve themselves. Many bitcoiners out there once been mistaken but now they are millionaire because they have learn from there mistakes.

The majority of bitcoin millionaires as far as I know are the early birds that got the right timing while investing into bitcoin and later gain a high profit, well, they're not making some mistakes and I'm afraid that we can't learn from it because this chance seems to come once forever.

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Quote from: d.adabit on February 26, 2017, 06:49:34 AM

Hi, with price soaring and newbies joining I found useful sharing this miniguide.
Hope this is appreciated

http://immutable.today/10-mistakes-bitcoin-newbies/

Nice reading. This will help me to explain bitcoin better with my friends.

CoinFoxs

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It looks great and the article is very informative not only for newbies, also for higher rank members. Some problems that you mentioned in an article is not only related to newbie like lost their private key, many high rank members are also facing these problems just because of lack of knowledge.

zohaibh

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Sometimes a mature person also make mistakes not only newbie can mistake but also a mature member of bitcoin make mistake.

Supercrypt

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Quote from: d.adabit on February 26, 2017, 06:49:34 AM

Hi, with price soaring and newbies joining I found useful sharing this miniguide.
Hope this is appreciated

http://immutable.today/10-mistakes-bitcoin-newbies/

Nice reading, there are actually some good tips in there.

The one about sellling all your Bitcoin because there is now dudecoin was pretty funny and I can just see people doing that. I could never imagine another coin becoming popular so that was never a temptation for me but I can see how somebody might have an issue with that especially if they are doing trading and think the price is going to go up and are later planning to trade it back to bitcoin.

Aleister Crowley

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Quote from: iv4n on April 09, 2017, 12:01:51 PM

Quote from: finity on April 09, 2017, 11:55:08 AM

Newbies are very much addicted to make quick money and for the same reason they start visiting gambling sites hoping to double their coins in a single day but usually they end up loosing and this is the most common mistake I have seen so far committed by newbies.

Well gambling has nothing with bitcoin newbie mistakes, in this article its very nice explained common mistakes of some beginner and I agree with writer. 2 years ago I also thought that I can be rich with faucets, trading with crypto also was something I first time saw here, I kept my money at online wallet. But yes people think they can gamble the way trough, its not easy I know because I gamble every day, but generally some people win nice amounts with gambling, I made more bitcoins with gambling then with anything else.
Good article, I hope there will be more like this one.

i have an experience lke that,i first use bitcoin, and know bitcoin could give us money, I started a lot of searching for information on the internet about how to obtain bitcoin with quickly, and fnally, gambling be an option for me to try, I could get the money from gambling, and I keep repeating it, I buy something from the it money, and one day I realized, I was often lost gsmbling and only a couple of wins, yes, I think the most common mistake made by newbie is that they are too eager to get money quickly, by selecting gambling. and possibly another mistake newbie is that they do not learn about btcoin as a whole, that they can get bitcoin in many ways, ..

Blackdeath

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Quote from: Sadlife on February 26, 2017, 10:12:47 AM

That article was quite helpful not only for newbies but for veterans also it educates readers the pros and cons on how a crypto-currency works.
Basically when starting on a business you need some knowledge first to avoid regrets in the future so you need to research and study the type of business your going to do and when your ready, Try it cause what's the point of all that researching if you dont have any experience.
Trial and error is completely normal when your only a beginner.

Yes if I read an article like this before maybe I do not try or take a chance on gambling. Because just like the most of people who get onto bitcoin I first try gambling using it. At first I thought that I will earn form gambling but when I started on reading on forum and doing ignature campaign that is the time I stop considering gambling and just focus on my signature campaign. Its to risky to gamble my earning instead I do trading so my earning improved and doubled.

MWesterweele

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Quote from: d.adabit on February 26, 2017, 06:49:34 AM

Hi, with price soaring and newbies joining I found useful sharing this miniguide.
Hope this is appreciated

http://immutable.today/10-mistakes-bitcoin-newbies/

Definitely , but people should learn their mistake in order for them to improve themselves. Many bitcoiners out there once been mistaken but now they are millionaire because they have learn from there mistakes.

ice098

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Quote from: d.adabit on February 26, 2017, 06:49:34 AM

Hi, with price soaring and newbies joining I found useful sharing this miniguide.
Hope this is appreciated

http://immutable.today/10-mistakes-bitcoin-newbies/

Yes that's right. But everyone have a mistakes first before figuring out what they have been mistaken. People should learn to make things right before moving up to the next.

Windpower

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Quote from: d.adabit on February 26, 2017, 06:49:34 AM

Hi, with price soaring and newbies joining I found useful sharing this miniguide.
Hope this is appreciated

http://immutable.today/10-mistakes-bitcoin-newbies/

That is actually so relatable for me. I have so many friends that were introduced to Bitcoin by me, along with others, and they always do shit like this. I have had so many people come up to me and ask, "Should I mine Bitcoin?". And they are sitting there with some crappy laptop. I will definitely recommend this website to them, thanks for sharing it with us.

Topic: 10 main mistakes of Bitcoin newbies - page 12. (Read 20931 times)