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Topic: 10 main mistakes of Bitcoin newbies - page 15. (Read 20901 times)

hero member
Activity: 3122
Merit: 672
www.Crypto.Games: Multiple coins, multiple games
March 13, 2017, 02:17:01 PM
The first mistake mentioned there is actually not true, being a newbie you cannot expect user to just download the wallet and keep the bitcoins there, of course they would use the services to make their task easier.

I don't know how using a service that hasn't scammed yet is a mistake ( as they say using coinbase is a mistake )
sr. member
Activity: 1372
Merit: 269
★Bitvest.io★ Play Plinko or Invest!
March 13, 2017, 01:49:37 PM
Great article for us, I will keep holding instead of short term trading, long term holding is the most profitable thing, we don't need to do anything.
I think hold also need a couple of things you should do before selling make sure that the highest price
so you do not regret it because it is very possible after you sell even price be higher

I agree that holding is the best way to get the most out of Bitcoin if you do not know how to daytrade. The only problem here is when to time the highest possible price if you wanted to exit or convert your Bitcoin back to fiat money.  But I think a x5 x10 profit is not bad but I guess it really needs a very long time before Bitcon can reach  $5,000.
hero member
Activity: 1470
Merit: 504
March 13, 2017, 10:34:58 AM
Wow that part about mining is really eye opening. Most Information online about mining are indeed disgraceful. People just lie for the fun of lying? I still prefer to be poor than be a crook.

Great article bro.


mining scam now become an arena for some bad people because many hyip sites and ponzi claiming to be a mining investment so that they can get a lot of users and deceived newbie very easily deceived
Long back itself the same has been taking place. Ponzi schemes and scam websites easily trap newbies. They believe that through bitcoin we can earn in a short term. The same mindset makes them easily accept the HYIP and invest big. The reality will be understood by them once they loss it.

Well some mistake will be certainly be make by some newbies and even if they are not new to bitcoin they can certainly make mistakes I think it is best to read more about certain knowledge here in the forum ask for help, I really think that most people here are kind and helping with newbies that is why put that in you daily things to do and in no time you would learn much for the benefit in earning BTC.
Investing in hyip's or connecting any Ponzi scheme's website certainly one of the most common mistake of a newbie because they have not certainly good knowledge about investment models and working tendency to get profit. And yes, reality is different understood by losing it.

We can not rebuke any newbies because of the wrong things they are doing with bitcoin we can not certainly put the blame on the newbies I think we should blame ourselves, I think we as seniors should be the one to teach and make them progress in getting much higher with bitcoin any little question newbies would ask here we as seniors would try our best in answering it,

Bitcoin is easily gettable online and therefore many newbies got bitcoins. But many  sites exploit this and make attractive sites where they can double in days or hours. This way newbies in bitcoin invest in scam schemes and eventually lost their money.
This is only one factor i discuss here. There are a lot of other mistakes which are bring done by newcomers in bitcoin world.

I don't find any place from where you can get bitcoins easily and if that would be a case then everyone would be holding some great amount of bitcoins in their wallet and its very hard even to earn even a small amount of bitcoins nowadays.

Most common mistakes made by newbies is that either they will go for gambling to multiply their bitcoins quick or invest in any doubler or cloud mining sites hoping to make it big in quick time but they forget that there is no short cut to make money and end up loosing everything in the end and as a newbie even I have committed the same mistake in the past.
legendary
Activity: 3122
Merit: 1140
March 13, 2017, 09:48:54 AM
Wow that part about mining is really eye opening. Most Information online about mining are indeed disgraceful. People just lie for the fun of lying? I still prefer to be poor than be a crook.

Great article bro.


mining scam now become an arena for some bad people because many hyip sites and ponzi claiming to be a mining investment so that they can get a lot of users and deceived newbie very easily deceived
Long back itself the same has been taking place. Ponzi schemes and scam websites easily trap newbies. They believe that through bitcoin we can earn in a short term. The same mindset makes them easily accept the HYIP and invest big. The reality will be understood by them once they loss it.

Well some mistake will be certainly be make by some newbies and even if they are not new to bitcoin they can certainly make mistakes I think it is best to read more about certain knowledge here in the forum ask for help, I really think that most people here are kind and helping with newbies that is why put that in you daily things to do and in no time you would learn much for the benefit in earning BTC.
Investing in hyip's or connecting any Ponzi scheme's website certainly one of the most common mistake of a newbie because they have not certainly good knowledge about investment models and working tendency to get profit. And yes, reality is different understood by losing it.

We can not rebuke any newbies because of the wrong things they are doing with bitcoin we can not certainly put the blame on the newbies I think we should blame ourselves, I think we as seniors should be the one to teach and make them progress in getting much higher with bitcoin any little question newbies would ask here we as seniors would try our best in answering it,

Bitcoin is easily gettable online and therefore many newbies got bitcoins. But many  sites exploit this and make attractive sites where they can double in days or hours. This way newbies in bitcoin invest in scam schemes and eventually lost their money.
This is only one factor i discuss here. There are a lot of other mistakes which are bring done by newcomers in bitcoin world.
May i ask you where you get bitcoin easily online?I do always work hard to earn bitcoin online and its not really as you know thats why i do really like to know on how to earn bitcoin so easily that most newbies do Smiley If you are talking about faucet amounts then its not that big that could able to make them invest on those scam websites.
legendary
Activity: 2954
Merit: 1159
March 13, 2017, 09:45:36 AM
Wow that part about mining is really eye opening. Most Information online about mining are indeed disgraceful. People just lie for the fun of lying? I still prefer to be poor than be a crook.

Great article bro.


mining scam now become an arena for some bad people because many hyip sites and ponzi claiming to be a mining investment so that they can get a lot of users and deceived newbie very easily deceived
Long back itself the same has been taking place. Ponzi schemes and scam websites easily trap newbies. They believe that through bitcoin we can earn in a short term. The same mindset makes them easily accept the HYIP and invest big. The reality will be understood by them once they loss it.

Well some mistake will be certainly be make by some newbies and even if they are not new to bitcoin they can certainly make mistakes I think it is best to read more about certain knowledge here in the forum ask for help, I really think that most people here are kind and helping with newbies that is why put that in you daily things to do and in no time you would learn much for the benefit in earning BTC.
Investing in hyip's or connecting any Ponzi scheme's website certainly one of the most common mistake of a newbie because they have not certainly good knowledge about investment models and working tendency to get profit. And yes, reality is different understood by losing it.

We can not rebuke any newbies because of the wrong things they are doing with bitcoin we can not certainly put the blame on the newbies I think we should blame ourselves, I think we as seniors should be the one to teach and make them progress in getting much higher with bitcoin any little question newbies would ask here we as seniors would try our best in answering it,

Bitcoin is easily gettable online and therefore many newbies got bitcoins. But many  sites exploit this and make attractive sites where they can double in days or hours. This way newbies in bitcoin invest in scam schemes and eventually lost their money.
This is only one factor i discuss here. There are a lot of other mistakes which are bring done by newcomers in bitcoin world.
hero member
Activity: 1148
Merit: 504
March 13, 2017, 09:16:46 AM
Nice guide. For newbies, it is better to stay longer in newbie section and learn as much as you can before engaging in any bitcoin transactions. It will save you from a lot of trouble in the future.
newbie
Activity: 14
Merit: 0
March 13, 2017, 08:41:23 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/

Great link, here is another one too, https://bitcoin.org/en/you-need-to-know

I'm glad I saw this one because it gives some info about taxes and regulations...^
legendary
Activity: 3038
Merit: 1169
March 13, 2017, 08:33:46 AM
Wow that part about mining is really eye opening. Most Information online about mining are indeed disgraceful. People just lie for the fun of lying? I still prefer to be poor than be a crook.

Great article bro.


mining scam now become an arena for some bad people because many hyip sites and ponzi claiming to be a mining investment so that they can get a lot of users and deceived newbie very easily deceived
Long back itself the same has been taking place. Ponzi schemes and scam websites easily trap newbies. They believe that through bitcoin we can earn in a short term. The same mindset makes them easily accept the HYIP and invest big. The reality will be understood by them once they loss it.

Well some mistake will be certainly be make by some newbies and even if they are not new to bitcoin they can certainly make mistakes I think it is best to read more about certain knowledge here in the forum ask for help, I really think that most people here are kind and helping with newbies that is why put that in you daily things to do and in no time you would learn much for the benefit in earning BTC.
Investing in hyip's or connecting any Ponzi scheme's website certainly one of the most common mistake of a newbie because they have not certainly good knowledge about investment models and working tendency to get profit. And yes, reality is different understood by losing it.

We can not rebuke any newbies because of the wrong things they are doing with bitcoin we can not certainly put the blame on the newbies I think we should blame ourselves, I think we as seniors should be the one to teach and make them progress in getting much higher with bitcoin any little question newbies would ask here we as seniors would try our best in answering it,
hero member
Activity: 1190
Merit: 500
March 13, 2017, 05:10:39 AM
Great article for us, I will keep holding instead of short term trading, long term holding is the most profitable thing, we don't need to do anything.
I think hold also need a couple of things you should do before selling make sure that the highest price
so you do not regret it because it is very possible after you sell even price be higher
hero member
Activity: 1414
Merit: 505
Backed.Finance
March 13, 2017, 04:58:38 AM
I just smiled at the "Rich soon with Faucets." on one of the  article. I know I am not the only one who used faucets Cheesy Jumping from faucets to another is fun! Thanks for this article its reminding me of the past Smiley ,very educational also and I do relate with the topics.
member
Activity: 70
Merit: 10
Bitcoin for the win
March 13, 2017, 04:31:00 AM
Thanks for sharing it, I realised that I make a lot of mistakes like storing all my BTC on coinbase. I also thinkt that alternative currencies have a great potential. And indeed faucets are not a reliable source of BTC income.
hero member
Activity: 938
Merit: 1000
March 13, 2017, 04:20:09 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/
Great article very useful for those newbie member even for me though Cheesy I have read similar article but not clearly the article hard to understood as newbie members.
Thanks for the article, may I copied some of infromation there for my little blog Wink
hero member
Activity: 896
Merit: 500
March 13, 2017, 03:35:51 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/
"How can I REVOKE a wrong payment"
"Rich soon with faucets"

I ever do that when I first use bitcoin Cheesy I think it's natural that experienced by newbie because they do not recognize bitcoin, I'm sure a mistake like that was once done on average people new one using bitcoin. Good article, friend. I think a newbie who wants to use bitcoin can read this article.
hero member
Activity: 2814
Merit: 576
March 13, 2017, 02:48:14 AM
Great article for us, I will keep holding instead of short term trading, long term holding is the most profitable thing, we don't need to do anything.
This is true only if you are looking for passive way to make money, but with short term/day trading you can make a lot even with only 1 bitcoin if you can make proper move on each price swing. But newbies always panic on small dump/correction so it is good for them to keep holding rather than trying to make profit in price swings.  Wink
Having a good capital will give you a liberty to do long term investment, that is easy if you are investing in bitcoin because the speculation of the many is this coin will be the most dominant currency in the future and along with that it will increase the value substantially which will benefit our investment.
hero member
Activity: 700
Merit: 500
CryptoTalk.Org - Get Paid for every Post!
March 12, 2017, 11:08:54 PM
Great article for us, I will keep holding instead of short term trading, long term holding is the most profitable thing, we don't need to do anything.
This is true only if you are looking for passive way to make money, but with short term/day trading you can make a lot even with only 1 bitcoin if you can make proper move on each price swing. But newbies always panic on small dump/correction so it is good for them to keep holding rather than trying to make profit in price swings.  Wink
hero member
Activity: 1666
Merit: 502
March 12, 2017, 10:56:24 PM
Great article for us, I will keep holding instead of short term trading, long term holding is the most profitable thing, we don't need to do anything.
the point is to remain calm and patient even if prices continue to fall. it is owned by many users not only a newbie but most users are often impatient and so selling or buying is not appropriate to the circumstances
yep newbies are prone to panic as the price changes, especially when down they would rush to take action and easily ptutus discouraged, newbies don't have much experience to deal with this I think needed a experience so that newbies will be familiar
hero member
Activity: 1148
Merit: 504
March 12, 2017, 09:29:31 PM
Great article for us, I will keep holding instead of short term trading, long term holding is the most profitable thing, we don't need to do anything.
the point is to remain calm and patient even if prices continue to fall. it is owned by many users not only a newbie but most users are often impatient and so selling or buying is not appropriate to the circumstances
legendary
Activity: 1176
Merit: 1024
March 12, 2017, 07:58:39 PM
This article have missed to cover about low fee newbies used to put to save cost on payments leading unconfirmed transaction for many hours. That will make them panic about bitcoin and they will start blaming bitcoin network for it and some may even opt out from the idea of using bitcoin again.  Grin
The article is quite rubbish actually because they say it's not worth to keep bitcoins in wallet like coinbase while even the official bitcoins site links coinbase for keeping bitcoins.
Another point I don't agree is : How can I revoke a wrong payment
Because even if you send a payment to wrong paypal id you cannot reverse it unless you make false claims and take it back.
legendary
Activity: 1176
Merit: 1001
CryptoTalk.Org - Get Paid for every Post!
March 12, 2017, 02:11:11 PM
Keeping money on Coinbase is a very bad idea considering all the bad publicity that they are receiving from the press. Coinbase isn't a global exchange and they like to shut down their connection without much notice and if the person who doesn't use email as much wanted to login to their account a few years after creating their account and sending money to it -they would find their account closed and all their money gone.

The article has good points.
copper member
Activity: 1722
Merit: 1004
PredX - AI-Powered Prediction Market
March 12, 2017, 01:56:03 PM
Hi, with price soaring and newbies joining I found useful sharing this miniguide.
Hope this is appreciated

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


It seems good and it's informative and helpful for newbies but i want to add one important thing and that is low fee for newbie, most of the companies don't want newbie for their company and the companies who allow newbies to join their campaign, they give them very low prices. So most of the newbie think that bitcoin is not good for them because of low fee so add the point that they earn more money by promoting to higher rank.
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