Topic: 10 main mistakes of Bitcoin newbies - page 18. (Read 20931 times)
Quite a good article and it looks like it's not just only 10 common / main mistake of bitcoin newbies. I wanted to add that I've seeing this throughout the forum that newbies are asking "how to earn big", "how to earn without investing" it's commonly seen throughout the whole forum. By the way, I went through with that feeling too.
I think the biggest mistake of Bitcoin newbies is trying to get Bitcoin by following the easy, and at the same time unproductive paths. Many users go straight to faucets or cloud mining, and I think this can cause a great loss of time and money for people who are starting.
for newbie faucet is a great way to get free bitcoin to capital if they don't have the capital, but his mistake is that they want many bitcoin the easy way through the system hyip 
I think the biggest mistake of Bitcoin newbies is trying to get Bitcoin by following the easy, and at the same time unproductive paths. Many users go straight to faucets or cloud mining, and I think this can cause a great loss of time and money for people who are starting.
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've read the article and on the number 1 spot is this "Keep all the money on Coinbase or other online wallet".
I'm somehow sure that newbies aren't the one that do this, also many old timers are doing this. They just want to let their coins sleep to their online wallets.
And on the other list I find it funny but I did asked those things before. Read it guys
Thank for that post. 
This post can be helpful for us newbies on how are we going to deal with bitcoin.
This post can be helpful for us newbies on how are we going to deal with 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/
That article would help newbies because many of the newbies didn't know exactly what they are doing when they enter in the world of bitcoin. Even in the wallets where they put their money should be always in their mind that how secure my money if I'll put it into this wallet. So newbies should always think in advance before they make an actions. Because if they lost they're money in that online wallet it can't be back in the pass so I prefer to used cold wallets but they should remember the back up key if you loss the device for recovery because there are some newbies not rewriting or saving the backup key. Hope this is appreciated
http://immutable.today/10-mistakes-bitcoin-newbies/
Awesome list, well done 
From my side, I would add Gambling. While Gambling is not smart idea regardless payment method, I guess that for some people it's easier to risk stake of BTC than $$$. Someone can say: "Hey, It's just Bitcoins that I earned grinding faucets 24/365. Not a big deal". Actually it IS money, because there are not so much places left in the world where you can't turn coins in to fiat. I remember selling bitcoins through VirWox in 2013 and now there are 3 or 4 online markets in my country 
From my side, I would add Gambling. While Gambling is not smart idea regardless payment method, I guess that for some people it's easier to risk stake of BTC than $$$. Someone can say: "Hey, It's just Bitcoins that I earned grinding faucets 24/365. Not a big deal". Actually it IS money, because there are not so much places left in the world where you can't turn coins in to fiat. I remember selling bitcoins through VirWox in 2013 and now there are 3 or 4 online markets in my country 
Nice article.. that's happened to me long time ago.
Im look stupid now
Im look stupid now
Nice article, this will really help newbies to not burn in bitcoin while starting up with it. This covers the most basic mistake of a new comer of Bitcoin, most of us were not knowledgeable on the transaction fee and the possible closure of an exchange that is holding our coin in an online wallet. A must read and share to the newbie.
yEAH! your right pal, So that the community here especially to all newbies must apply this articles. this for their own good sake at all.
and in addition to the topic, up to now even other members make a mistakes like what newbies did.
It is good article and also it is information thing especially for newbie. But i want to tell, that in signature campaign working is also knowledgeable. Because when i joined signature campaign than i didn't know very well about bitcoin, but working on it and talk in a different section, i learn about bitcoin. So newbie could learn anything about bitcoin when they come in signature campaign.
I liked the "Hi folks, I want to mine Bitcoins" in the article. And it is true most, if not all people strating with bitcoin want to mine it. Mining bitcoin is only for th big fishs, those who can make a cosiderable investment, in infrastructures, ect.
And the "Rich soon with Faucets" my God it is the worst thing I have meet online regarding making money/bitcoin. Such a waste of time
And the "Rich soon with Faucets" my God it is the worst thing I have meet online regarding making money/bitcoin. Such a waste of 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/
I think most newbi very interested in something that is emerging. like buying when prices rise, and most of them are also very often panic when the price falls. although it was down slightly Hope this is appreciated
http://immutable.today/10-mistakes-bitcoin-newbies/
Newbie make more mistakes than listed there as they don't understand the market trend and make loss hopefully they'll learn that sooner or later.
Just appreciate his work and lets move on, the link is very informative and every newbie starting on this forum can learn from there as well to complement his/her knowledge. I don't believe in learning without instructions/directions that's why I appreciate the OP so much for the link, newbies will eventually learn but I don't wish form then to learn it the hard way.
Newbie make more mistakes than listed there as they don't understand the market trend and make loss hopefully they'll learn that sooner or later.
Buying on the pump trend and goes greedy is really a big mistakes too
You are right there are instances on which newbies do make follow others words related on a certain coin or bitcoin itself.When its already on price increase rally they do buy already or enter on a high price which is really a mistake or bad idea since price will pullback anytime which would cause negative results and with that they will sell off to cut loses.
Buying on the pump trend and goes greedy is really a big mistakes too
Quote
Rich soon with Faucets.
Faucets are web sites or apps that reward you with some Satoshis if you spend time on them. Satoshis?! Keep in mind 1 Satoshi = 10^-8 Bitcoin. This brings some 0.1 cents of dollar per hour. It is not enough to pay the carbs needed by your body to keep you alive and breathing after your screen. Your time must be really of no value if you use it to play with faucets. I would suggest to work as waiter, earn 50 bucks and buy some Bitcoins instead.
Im am totally relate to this when im newbie to bitcoin wayback year 2014, It was like 3-5 hours visiting some tons of faucet sites and when I discovered I earned very small amount and realized I was just wasting my time Faucets are web sites or apps that reward you with some Satoshis if you spend time on them. Satoshis?! Keep in mind 1 Satoshi = 10^-8 Bitcoin. This brings some 0.1 cents of dollar per hour. It is not enough to pay the carbs needed by your body to keep you alive and breathing after your screen. Your time must be really of no value if you use it to play with faucets. I would suggest to work as waiter, earn 50 bucks and buy some Bitcoins instead.
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.
You are forgetting the basic concept of bitcoin ,to enable micro transaction as well and without any restriction and with the increasing fees we are coming to a space where micro transactions are negligible and you need to input higher fees with every transactions and remember the price of bitcoin is increasing from its initial stages and transaction charges are increasing along with the price which is a strange mechanism .
That is a pretty interesting read, even for me who has been into bitcoin for over a year now. Reminds me of how stupid I was thinking that faucets can bring some substantial amount in due time. Haha. I was also guilty of two or more items on the list but I have learned to be somewhat a better bitcoiner, so to speak, putting more thought into the security of my account and the transactions I am doing.
the article is good and very inspiring. I just want you to edit some words like "The short answer is don’t do it". I think it is not good for a newbie who has high curiosity about bitcoin. who knows that those newbies has big budget so they can mine. just give an explanation about the difficulty and the profit of being a miner.
If this thread opened in beginners and help means this would help more newbies how they can be aware the mistakes. Newbies will not save wallet recover phrasal sentence when forgot the password. They are aware of scammers and easily might fake by the scammers around the forum.
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