Topic: 10 main mistakes of Bitcoin newbies - page 21. (Read 20931 times)
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I just went through the guide. Its really a good site to recommend to newbies. One think what I have to say is it may look like faucet income is very less if you convert in dollars.But if you convert in other currencies like indonesian rupees or other asian countries its a pretty good money.
That's not a big issue, because faucets were the only trusted earning that newbies make compared to other forms of earning. Initially while starting with bitcoin their expectations wee very high. This cannot be fulfilled in a short, so the same when started with faucets they grew in a better way understanding the difficulties and acts accordingly.It's true, when we are newbies we see so many satoshis as reward, hundreds, thousands and the newbie thinks he will make a big profit for sure. And start searching for more faucets, but it's not possible to make much profit with that.
The article is nice, interesting points listed there, I don't know if OP is the author, if so, congratulations. Newbies are newbies everywhere, it's a stage of learning.
I just went through the guide. Its really a good site to recommend to newbies. One think what I have to say is it may look like faucet income is very less if you convert in dollars.But if you convert in other currencies like indonesian rupees or other asian countries its a pretty good money.
That's not a big issue, because faucets were the only trusted earning that newbies make compared to other forms of earning. Initially while starting with bitcoin their expectations wee very high. This cannot be fulfilled in a short, so the same when started with faucets they grew in a better way understanding the difficulties and acts accordingly. full member
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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 .Hope this is appreciated
http://immutable.today/10-mistakes-bitcoin-newbies/
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 .
Pretty much every annoying mistake in the book that someone who's not an idiot could make.
If people are stupid they're pretty likely to give up, and sometimes (not always) that applies to people who are just trying to make money and don't have an understanding of the economy.
I do agree that it should cover fees though, because some of my transactions have taken a damn long time without me having understood why.
I just went through the guide. Its really a good site to recommend to newbies. One think what I have to say is it may look like faucet income is very less if you convert in dollars.But if you convert in other currencies like indonesian rupees or other asian countries its a pretty good money.
That's good article. Actually such a newbie problem can be found in this forum with pretty much same topic, especially about faucet and online wallet.
This should be added! So much topic about that recently, they just want a free fees with fast speed
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. 
This should be added! So much topic about that recently, they just want a free fees with fast speed
Recommended it to one of my not-so-techie friend and he finds the read a good one and was able to answer some of my questions in relation to that article. It's nice that the writer made sure that he covered some of the basic stuff, especially keeping your coins in a safe place which is really nice to look at.
I did the same too though my friend have some basic questions, but at least now he know how to secure his BTC, and how not to be trapped in buying BTC when its price surges. He was thinking about to buy some today but after sending him the link of the article, he asked me if Bitcoin price is currently surging, I told him it was, and some dip yesterday. And told him about the ETF hype. He then decided not to buy and wait till ETF decision is done. I do not know if it is a wise decision but somehow I agree with him.
Newbies are often very eager to get a lot of coins over night and get rich with Bitcoin but that is not that easy as it seems and so they often make big mistakes. So some kind of guidelines for Bitcoin beginers would be great and they can be found even on this forum and sites like you have introduced. Be wise and safe, that is also very important for the begininig.
A pretty specific case, though very interesting.
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.
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.
Recommended it to one of my not-so-techie friend and he finds the read a good one and was able to answer some of my questions in relation to that article. It's nice that the writer made sure that he covered some of the basic stuff, especially keeping your coins in a safe place which is really nice to look at.
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/
Yeah its not a bad guide for noobs to read when they get into bitcoin, i would have to agree that when i first started out in bitcoin myself i fell foal of a few of them myself, especially the keeping all my funds at a online wallet, not good
even myself did the mistake to buy bitcoin when price was soaring up and finally left myself in a big problem of price not getting up and finally i dols those bitcoin and had very little on my own.
This article is directly distracting investors from my future potential project by saying,
Lolz, Jokes apart. There is very good material available for the newbies as compared to 4 years ago so it is easy to adopt new terms and techniques for them in less time. As I always give advice to newbies that spend maximum time in reading the available material and then start investing or whatever. I follow this advice very strongly and I won't invest in something new without minimum 10 google searches.
Quote
Sell all Bitcoins because now there is “Dudecoin”
.Lolz, Jokes apart. There is very good material available for the newbies as compared to 4 years ago so it is easy to adopt new terms and techniques for them in less time. As I always give advice to newbies that spend maximum time in reading the available material and then start investing or whatever. I follow this advice very strongly and I won't invest in something new without minimum 10 google searches.
Article have tried to cover almost every thing but not all types of mistakes bitcoin newbies used to make can't be listed in 10 points for sure. Many bitcoin newbie end up getting scammed by bitcoin based scam/hyip/ponzi/doubler etc.
Nice read and thanks for posting. This will help a lot of newbies (including me) to not do this mistakes with bitcoins. I specially like the article on mining bitcoins because a lot of newbie is jumping to mining because they think they can gain a lot of bitcoin as soon as they jump into mining.
i was already read it and really good article indeed those things is common mistakes for those who still new for cryptocurrency world but for the last points " I lost my keys, how can I recover them " i think these mistakes not only dominated by the beginner even expert also has already did it
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.
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/
Thank you , this article is very useful.
But I remember that Faucet doesn't work like before.
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 .Hope this is appreciated
http://immutable.today/10-mistakes-bitcoin-newbies/
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 .
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.
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.
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