10 main mistakes of Bitcoin newbies - page 2.

gribble

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Quote from: MarkReuter on July 14, 2017, 07:54:52 AM

They invest cloud mining, sites that doubles BTC and of course gambling are the mistakes committed by most of the newbies in BTC. I don't really bla,e them cos many of us threaded this path on our way to becoming professionals

Yes, invest in cloud mining service will be difficult for return of investment although the cloud mining service can be trusted
but invest in cloud mining are bad ideas because the cast of mining is very expensive and the difficulty of bitcoins is increasing
every time and risk to be scam service can happen.

BitHodler

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Quote from: MarkReuter on July 14, 2017, 07:54:52 AM

They invest cloud mining, sites that doubles BTC and of course gambling are the mistakes committed by most of the newbies in BTC. I don't really bla,e them cos many of us threaded this path on our way to becoming professionals

In other words, people are too dumb to understand that what they are doing leads to nothing but losses, and too lazy to freaking work hard for their money.

All the examples you mentioned are something that people (rookie or experienced) should avoid by default. It's common sense material......

If people need to go wrong in order to realize that these options aren't rewarding, and only lead to losses, it tells me that the average IQ of the general user of this forum is far below average.

Vaskiy

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Quote from: swiftbits on July 13, 2017, 09:03:46 AM

Quote from: ecnalubma on July 13, 2017, 08:53:59 AM

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.
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"

Every user could have lost or spend some amount in terms of bitcoin just because of over expectations on earning big through the doubling and other HYIP programs that are developed to scam the users. Here most of the time newbies get trapped and realize it only after losing.

MarkReuter

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They invest cloud mining, sites that doubles BTC and of course gambling are the mistakes committed by most of the newbies in BTC. I don't really bla,e them cos many of us threaded this path on our way to becoming professionals

HanSchultz

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Quote from: maxNIMFA on July 13, 2017, 09:00:41 AM

Right now it's easy to understand the basics in a short period of time. But with the years the whole cryptocurrency ecosystem would become more complex.
And maybe in 2030 it would be as hard to understand it as it is now to understand for 80-90-old gents and ladies the principles of the web.

I clearly did not understand what you are trying to tell here,the so called 80 year old individual by 2030 means that they are currently having 67 years old and i am sure most of them who are interested in learning about these things would learn by now and the world has changed drastically and who does not have a smart phone right now.

Xester

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Quote from: swiftbits on July 13, 2017, 09:03:46 AM

Quote from: ecnalubma on July 13, 2017, 08:53:59 AM

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.
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"

Yes that hyip thing, I was new into bitcoins when there was a website flashed on my screen. An investment site that offers a great return when you invest a certain amount of bitcoin. Bitcoin is so precious to me and at that time, I was thinking of how I will earn more out of my bitcoins. I signed in and invest some amount of bitcoin. After I was about to get my bitcoin, the site was no longer there and I was really saddened. Since then I do not invest any of my bitcoin.

ICObox

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Very useful information, thanks! I will advise this to read to all newcomers!

maxNIMFA

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Quote from: Invigiator on July 13, 2017, 09:03:08 AM

Quote from: maxNIMFA on July 13, 2017, 09:00:41 AM

Right now it's easy to understand the basics in a short period of time. But with the years the whole cryptocurrency ecosystem would become more complex.
And maybe in 2030 it would be as hard to understand it as it is now to understand for 80-90-old gents and ladies the principles of the web.

I bet nobody who replied to this thread can describe smart contracts as if it was a programming language.

Solidity is a programming language, not smart contracts

swiftbits

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Quote from: ecnalubma on July 13, 2017, 08:53:59 AM

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.
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"

Invigiator

newbie

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Quote from: maxNIMFA on July 13, 2017, 09:00:41 AM

Right now it's easy to understand the basics in a short period of time. But with the years the whole cryptocurrency ecosystem would become more complex.
And maybe in 2030 it would be as hard to understand it as it is now to understand for 80-90-old gents and ladies the principles of the web.

I bet nobody who replied to this thread can describe smart contracts as if it was a programming language.

maxNIMFA

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Right now it's easy to understand the basics in a short period of time. But with the years the whole cryptocurrency ecosystem would become more complex.
And maybe in 2030 it would be as hard to understand it as it is now to understand for 80-90-old gents and ladies the principles of the web.

LuanX3

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Quote from: ecnalubma on July 13, 2017, 08:53:59 AM

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 also invested on those, thinking they were legit and spent about $100 on them. Good thing I learned my lesson quick and did not invest too much. I got it back when I invested in one of them that had an affiliate program that I registered my self as the affiliate. I probably profited a few bucks from that though I lost on the next one. Good times...

ecnalubma

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www.Artemis.co

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.

swiftbits

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Quote from: decoder88 on July 13, 2017, 08:36:24 AM

Quote from: d.adabit on February 26, 2017, 07:49:34 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's a good one... But this is not only for newbie as you told so, the other rank like higher rank also made some same mistakes.. Eventhough they are having much longer time for this, they also make a mistakes.. But now that you have this guide, t
Many newbie and other rank prevent some mistakes that are indicated in this... Thank you for that info..

The article is not about "bitcointalk" newbies, it's all about people who are new to bitcoin
If you didn't know much about bitcoin and how it works then you can consider as newbie

Thank OP for the article, very helpful and informative.

decoder88

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Quote from: d.adabit on February 26, 2017, 07:49:34 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's a good one... But this is not only for newbie as you told so, the other rank like higher rank also made some same mistakes.. Eventhough they are having much longer time for this, they also make a mistakes.. But now that you have this guide, t
Many newbie and other rank prevent some mistakes that are indicated in this... Thank you for that info..

panganib999

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Quote from: d.adabit on February 26, 2017, 07:49:34 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 site will be a great help for the newbies especially those who are really interested on investing in bitcoin but doesn't know yet how to possibly start and this must be spread to orient not just the newbies but also the other people to let them be oriented about bitcoin. It is nice that someone or everyone at least have a concern on helping those people who really want to know more about bitcoin by providing this site for a miniguide.

neon_colors01

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Quote from: ArcCsch on February 26, 2017, 11:40:53 AM

I feel like there is one particular precaution that could be added, avoid this very common scenario:
A newbie has a paper wallet, with some amount of bitcoin on it.
The newbie wants to spend some of them, downloads and installs a desktop or mobile wallet.
The newbie broadcasts a transaction sending part of the coins, the rest are sent to a new address generated by the desktop or mobile wallet.
Believing the leftover coins are still on the paper wallet, the newbie deletes the wallet.
The leftover coins are gone forever.
This is a sad loss that could be prevented by proper education.

Wow thanks!!!
I didnt realize that until now.
Glad I read this and I glad I didnt try ..

Well it make sense but I never thought of it?
Im still a newbie.

This info greatly helps!

JL421

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Not only this there are many more mistakes they make by expecting too much from bitcoin in short time and selling at loss during panic moments and the most important ones is not applying appropriate fees while sending which takes days for a transactions to confirm

wxa7115

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Quote from: Russlenat on July 05, 2017, 11:40:50 PM

Some newbie just don't know what to do for the first time because of some don't have a full knowledge on bitcoin, but we all are the same, we also start as a newbie so I think we all do all this 10 mistakes that the author describe on his blog.

Not necessarily, with each new generation of bitcoin users, these new users can avoid some of the mistakes many of their predecessors made since now there is a lot more material to read to avoid making mistakes like that, case in point the list of the 10 mistakes newbies make, now you can avoid them if you are smart.

asyakashi

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Quote from: d.adabit on February 26, 2017, 07:49:34 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/

All will benefit by reading this article. If allowed I want to translate into another language. Many people want to know this, and deserve to be learned.
thank you

Topic: 10 main mistakes of Bitcoin newbies - page 2. (Read 20901 times)