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Topic: 10 main mistakes of Bitcoin newbies - page 20. (Read 20901 times)

newbie
Activity: 38
Merit: 0
February 27, 2017, 04:22:29 AM
#49
I just find that newbies to bitcoin do not know what to do with bitcoins once they have them,
maybe it is being scared of losing them or just not knowing what to do with them next.

There should be a crash course in newbie for bitcoin usage.
sr. member
Activity: 882
Merit: 260
February 27, 2017, 04:20:45 AM
#48
Here is a site with great tips for beginners. their behalf, I thank and commend your good actions. newbies needed articles like this in order not to make the mistake. the majority of newbies at the start, they do not understand much about Bitcoin, and they are easy to be tempted by the HYIP and Ponzi. Therefore, this article is really very nice
In my opinion, this forum is beneficial for newbie/beginners since they can ask questions here to avoid scams. It helps them to find more opportunity in bitcoin currency by reading some discussions here. This forum is a guide not only for newbie but for people who want to depevelop their knowledge.
hero member
Activity: 882
Merit: 500
February 27, 2017, 03:24:34 AM
#47
Hi, with price soaring and newbies joining I found useful sharing this miniguide.
Hope this is appreciated

http://immutable.today/10-mistakes-bitcoin-newbies/
Good article but I think in the first when newbie entered in the bitcoin then he start doing  making profit and lost with very small amount of investment .
So making the mistakes by the newbie is a way to get success in the work of bitcoin earning job .
Because mistake are the only ways to get  a better experience .
Well thanks for such types of site .
sr. member
Activity: 406
Merit: 250
February 27, 2017, 03:22:57 AM
#46
Here is a site with great tips for beginners. their behalf, I thank and commend your good actions. newbies needed articles like this in order not to make the mistake. the majority of newbies at the start, they do not understand much about Bitcoin, and they are easy to be tempted by the HYIP and Ponzi. Therefore, this article is really very nice
legendary
Activity: 3080
Merit: 1353
February 27, 2017, 03:13:20 AM
#45
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 miniguide. Just a few comments I would like to  say:

"Plan a backup and recover strategy of your private keys and addresses. Keep them printed under your mattress. Remember you can build paper wallets and use hardware wallets as valid alternative to software"

You only mentioned how to backup and recover, but I only saw strategy for back-up,
I didn't read any for recovering it. I suggest you can add it in the articel as well.
Just my 2¢.


legendary
Activity: 3248
Merit: 1070
February 27, 2017, 03:02:24 AM
#44
i dont' really agree with the first one, since they are newbie it's better for them to hold the money on coinbase which is insured at least, their computer is not...

i heard many stories of newbie and their account being hacked because they don't know how to secure them locally, and they don't like cold storage apparently, or don't know hot to do it properly...

also about the mining part, you can definitely mine bitcoin, but undirectly with altcoin, but it's better if any still think there is no profit, because we are reaching a bad point there also...
hero member
Activity: 966
Merit: 515
One of the world's leading Bitcoin-powered casinos
February 27, 2017, 02:02:41 AM
#43
Hi, with price soaring and newbies joining I found useful sharing this miniguide.
Hope this is appreciated

http://immutable.today/10-mistakes-bitcoin-newbies/
Article is very nice , Because usually the newbie entered in the bitcoin got much loss due to fear of loss due to down of price .
In your post I like much about the thing that usually most of the newbie who entered in the bitcoin to make profit through the holding bitcoin , but when suddenly the price goes down then they comes in fear and lost thier chances of profit , This is a great point for all the newbie , From your article every newbie will got a better idea to make profit through his patience .
full member
Activity: 182
Merit: 100
February 27, 2017, 01:57:20 AM
#42
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'm not totally agree with this article. But yes, there are some point that I have to deeply agree with the writer because I was used to be like what he/she say. but there are some, I don't think I have same opinions with. Firstly, I don't think storing bitcoin via online wallet is a mistake of newbie or even more of everyone. Because if you are new, You don't have much bitcoin to maintain your transaction fee, so using online wallet is the most suitable way to start your life in bitcoin world. Of course I agree with his/her idea about "there are no middleman in our transaction in cryptocurrency world" but they (blockchain, coinbase,...) are reliable online wallet so we could feel safe when use.
hero member
Activity: 840
Merit: 502
February 27, 2017, 01:17:59 AM
#41
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 not only newbies made mistakes about you've mentioned above but also the users in higher ranks. Even though they are in higher ranks but still they made mistakes. But as you shared this kind of idea well maybe it can be prevented by all users in bitcoin. And it only depends to the users if they want to made that things even they already know what's the result of it
While someone joining the forum in this week is a newbie the truth is we are all newbies in whatever activity we have not done before, in fact I remember that about 6 months ago I changed from a web wallet to electrum,  I was about to send a transaction but I was unable to find where to change the fee and I spent about half an hour trying to find it, so like you see we can be inexperienced in lots of aspects of our lives.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
February 27, 2017, 12:41:30 AM
#40
Rich Soon with Bitcoin Faucets lol . I also thought that I could earn bigger and will get rich by using faucets when I was a newbie but then realized that I am just spending my time to earn a few cents every hour . although it was a waste of time but still faucets helps me to learn and explore a lot of things and it pushed me to look for more better ways to earn Grin

anyway, the article is just stating all the mistakes that newbies had been committed and I don't see any guide while reading the entire article . but still thanks for sharing a nice lists Grin
sr. member
Activity: 859
Merit: 251
February 27, 2017, 12:36:04 AM
#39
Almost anyone can fly an airplane – or sell and buy. We weren’t born with the skills to do either one, however.
hero member
Activity: 2618
Merit: 548
SecureShift.io | Crypto-Exchange
February 27, 2017, 12:34:13 AM
#38
Quote
It seems that today only two categories can mine: large server farms in China and makers that mine with a loss just for fun but not for profit.

A popular myth, yet incorrect. The truth is that if you access to cheap electricity, you can mine profitably with a single ASIC miner.
Cheap electricity along with mining equipment is a must. To get a single ASIC that gives a good earning requires at least $1500 for purchase. A newbie who can afford could try mining and profit depends upon the electricity consumption charges.
hero member
Activity: 630
Merit: 500
Cryptocurrency Wallet - Denaro.io
February 26, 2017, 11:28:08 PM
#37
Most of the newbies in bitcoin got scammed in mining sites and they failed with their investments. Some newbies joining signature campaigns were banned because they are spamming in the forum and their posts was mostly non constructive, they always fails in following the rules of the campaign. All those mistakes will make them learn based on their worst experiences, which could make them more mature in bitcoin earning and investing.
legendary
Activity: 2282
Merit: 1023
February 26, 2017, 09:26:38 PM
#36
Another mistake of newbies is that many of them think bitcoin will make them rich tomorrow.... but realized the roller coaster is hard to accept.
legendary
Activity: 4438
Merit: 3387
February 26, 2017, 09:14:40 PM
#35
Quote
It seems that today only two categories can mine: large server farms in China and makers that mine with a loss just for fun but not for profit.

A popular myth, yet incorrect. The truth is that if you access to cheap electricity, you can mine profitably with a single ASIC miner.
legendary
Activity: 1862
Merit: 1505
February 26, 2017, 07:40:23 PM
#34
Nice tips for newbies, and even pros sometimes forget those tips.

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

That's a must for the newbie tips. I remember I even sent someone some bitcoins with almost no fee back in 2013 and it never confirmed.
hero member
Activity: 798
Merit: 506
February 26, 2017, 07:32:12 PM
#33
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 visited at the given link by you , but I didn't find any better thing which should be 100% best for the newbie . Because in my opinion most of the newbie entered in the bitcoin only due to because they want make money in sudden way but hardly they understand perfectly in the starting .
So here instead to explaining about the buy/sell for the bitcoin/altcoin at particular timing of mistake , we should explain them how to understand the system.of bitcoin in better manner thoroughly so that our travel in the bitcoin job goes smoothly .
well good luck for your this topic , but keep in mind that you need small more changes for the better expiations about bitcoin for specially newbie .
Well, it just miniguide that mentioned the big picture to avoid some mistakes, not all of it and explain every detail to start using bitcoin, buy/sell and the system of bitcoin which already explained many times by others. Newbies just have to search and read about it, depend on their interests. However, I like this topic and enjoyed read all of it.
legendary
Activity: 966
Merit: 1042
February 26, 2017, 07:22:00 PM
#32
IMO the biggest 2 mistakes are sending transactions with low fees and not reading enough before using bitcoins. The more you read beforehand the less issues you have when you start to use bitcoins.
legendary
Activity: 1218
Merit: 1007
February 26, 2017, 07:06:33 PM
#31
It's not a bad list, but I definitely think that there's not a ton of substance to this list if you're someone who takes a few minutes to research exactly what it is they're getting into before diving head-first into it.

I can see this being of use to some people though, so it might be worth spreading around as someone is bound to learn something from it.
hero member
Activity: 910
Merit: 523
February 26, 2017, 07:00:23 PM
#30
Hi, with price soaring and newbies joining I found useful sharing this miniguide.
Hope this is appreciated

http://immutable.today/10-mistakes-bitcoin-newbies/
find good to read about it but still there are some better thing should be added like earning ways of bitcoin in every legit style and also some precautions to start your opeenning in the bitcoin work as an newbie .

The article  pointed out mistakes not some ways to earn bitcoin and I think it explains so well for us.
There are a lot of precautions to prevent many things that are not desirable for newbies.
Luckily, I've never do such mistakes as a newbie in bitcoin world, learn come first before any decision.
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