Keep bitcoins in exchange.
Ignore all the signs that the exchange has problems and might be a good idea withdraw all the funds from there.
Lose the bitcoins when the exchange collapses.
10/10 would lose money again
Topic: 10 main mistakes of Bitcoin newbies - page 5. (Read 20931 times)
Mistake : simple those who are not patient and just sell of their btc when they think its crashing
That's what newbie (including me) usually do, they'll be very easy to panic and scared when something happens to bitcoin prices. As prices are going down very sharply and there are sure to be a lot of newbie users who panic and sell all their bitcoinsKeeping their bitcoins in an exchange is something that I would not recommend to begin with, along with moving their bitcoin around too much and not realising how much they are being charged for the privilege of doing so.
Leaving your bitcoin is bad because the bitcoin is not under control of you and your wallet but under control by the owner of the exchange you are using so you are relying on the honesty of the owner of the exchange.
Mistake : simple those who are not patient and just sell of their btc when they think its crashing
That is panic selling, let them do it we can buy the bitcoins form them and profit from them.
Keeping their bitcoins in an exchange is something that I would not recommend to begin with, along with moving their bitcoin around too much and not realising how much they are being charged for the privilege of doing so.
I never had this experience when I was new in the trade and I made the wrong decision in many times. But know I think I learned a lot from my mistakes so I thought I could keep one of my errors.
This is why when you start your trading career is the most important thing to do, is to start with a small amount of money even if you make mistakes, you don't lose too much money and the most important thing is you will learn some of the lessons that will be useful to You in the future. so you no do the same mistakes, give the right decision
That's it, always start small and never go all in. Mistakes will happen when you jump into something new, even if you have been reading threads on forums for months - but at least they will give us a good lessonThis is why when you start your trading career is the most important thing to do, is to start with a small amount of money even if you make mistakes, you don't lose too much money and the most important thing is you will learn some of the lessons that will be useful to You in the future. so you no do the same mistakes, give the right decision
Good article boss, such tips are quite helpful to all newbie bitcoiners out there (count me actually haha). Buying low, holding and selling high is nice advice it is, as rushing is for those impatient enough or unless your a daytrader. Jumping to hypes is good sometimes, if the trend goes up then much better, but being cautious is a good thing also. May we all master the art of bitcoin guys!!!
Maybe the first mistake is wrong word for newbie, Many newbie bitcoin finally get scammed by bitcoin based scam / hyip / ponzi / doubler.
Because the newbie is usually very easy in lure with something profitable when the risk is very large. And newbies never consider the risks so they casually invest in ponzi scam
Mistake : simple those who are not patient and just sell of their btc when they think its crashing
Yosh, articles that are very useful for beginners like me, I am very grateful and very appreciate your article 
i think the main problem for newbies is they are easy to gets panic when the price is up or down so they are in rush to sell or buy the coins because they don't want to get late in the party. but actually, if they are doing this for a long time, i think they can not make a good profit and they can get loss in any time. its normal in this situations because i have this experience too when i was new in trading and i made wrong decision in many times. but know i think i learn much from my mistake so i think i can fixed one by one of my mistake.
Being in hurry always harms it's a very true saying of some wise people to get something you need to be ready for it completely. The mistake that new users mostly do is try to get rich in short time, firstly newbies always should search how to get free Bitcoin rather then short buying large number of Bitcoin and getting used to it hence its practically not so easy to get free so people waste a lot of time through faucets and without experience they enter in gambling, it I think the major issue. I never had this experience when I was new in the trade and I made the wrong decision in many times. But know I think I learned a lot from my mistakes so I thought I could keep one of my errors.
This is why when you start your trading career is the most important thing to do, is to start with a small amount of money even if you make mistakes, you don't lose too much money and the most important thing is you will learn some of the lessons that will be useful to You in the future. so you no do the same mistakes, give the right decision
That's it, always start small and never go all in. Mistakes will happen when you jump into something new, even if you have been reading threads on forums for months - but at least they will give us a good lessonThis is why when you start your trading career is the most important thing to do, is to start with a small amount of money even if you make mistakes, you don't lose too much money and the most important thing is you will learn some of the lessons that will be useful to You in the future. so you no do the same mistakes, give the right decision
I never had this experience when I was new in the trade and I made the wrong decision in many times. But know I think I learned a lot from my mistakes so I thought I could keep one of my errors.
This is why when you start your trading career is the most important thing to do, is to start with a small amount of money even if you make mistakes, you don't lose too much money and the most important thing is you will learn some of the lessons that will be useful to You in the future. so you no do the same mistakes, give the right decision
That's it, always start small and never go all in. Mistakes will happen when you jump into something new, even if you have been reading threads on forums for months - but at least they will give us a good lesson This is why when you start your trading career is the most important thing to do, is to start with a small amount of money even if you make mistakes, you don't lose too much money and the most important thing is you will learn some of the lessons that will be useful to You in the future. so you no do the same mistakes, give the right decision
I never had this experience when I was new in the trade and I made the wrong decision in many times. But know I think I learned a lot from my mistakes so I thought I could keep one of my errors.
This is why when you start your trading career is the most important thing to do, is to start with a small amount of money even if you make mistakes, you don't lose too much money and the most important thing is you will learn some of the lessons that will be useful to You in the future. so you no do the same mistakes, give the right decision
This is why when you start your trading career is the most important thing to do, is to start with a small amount of money even if you make mistakes, you don't lose too much money and the most important thing is you will learn some of the lessons that will be useful to You in the future. so you no do the same mistakes, give the right decision
Get rich syndrome is one of the mistakes of newbies, they have the mind set of becoming millionaire overnight not minding that slow and steady win the race. My advice to newbies is to learn and be diligent with time surely they will get there, there are vast information about bitcoin online and other cryptocurrencies for newbies. When I heard about bitcoin I studied it very well, now I am reaping my efforts.
good point gabbie.
im pretty new to this and i find it so overwhelming with all the information that i dont really know where to start. ive been looking at some icos, and all of them are like 50+ pages.
Get rich syndrome is one of the mistakes of newbies, they have the mind set of becoming millionaire overnight not minding that slow and steady win the race. My advice to newbies is to learn and be diligent with time surely they will get there, there are vast information about bitcoin online and other cryptocurrencies for newbies. When I heard about bitcoin I studied it very well, now I am reaping my efforts.
Lack of understanding, over expectation of being rich with bitcoin in a short. Believing that multiplication of bitcoin is quite an easy task to be done and getting under the traps of scammers who's major focus is towards the beginners to the concurrency network.
i think one of the main reason can also be that the newbie do not have good experience, they don not know when where and how to use their bitcoin to get maximum benefit from it. i think they need to be too much careful while investing their money. 
Maybe the first mistake is wrong word for newbie, Many newbie bitcoin finally get scammed by bitcoin based scam / hyip / ponzi / doubler.
Many newbie stuck in ponzi investment scheme, mlm, hyip. Because all they care about is profit. Do not think the risks or what will happen in the future. They think short and immediately make an investment without looking at the trustSo when they get a scam, they cry
Not just capital in priority but a skill that can minimize the existing losses. So u beginners should know it before making a big mistake that result in loss of our money
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 shock about it, i remember if i am newbie "get rich from faucet is embarrassing thing Hope this is appreciated
http://immutable.today/10-mistakes-bitcoin-newbies/
"and second thing is i lose my privatekey
i think the main problem for newbies is they are easy to gets panic when the price is up or down so they are in rush to sell or buy the coins because they don't want to get late in the party. but actually, if they are doing this for a long time, i think they can not make a good profit and they can get loss in any time. its normal in this situations because i have this experience too when i was new in trading and i made wrong decision in many times. but know i think i learn much from my mistake so i think i can fixed one by one of my mistake.
This is why when you begin your trading career the most important thing to do, is to start with a small amount of money that way even if you make mistakes, you will not lose too much money, and the most important thing is you will learn some lesson that will be useful for you on the future.They can probably used small capital to begin with the trading. So at least they will have the experienced to play with their money and if they lose at least it will be a learning experience for them. And as they mature and gain experience they can probably starts increasing their capital and for sure they will now gain knowledge and profit.
Jump to: