Topic: 10 main mistakes of Bitcoin newbies - page 6. (Read 20931 times)
Well its an information rich site. And really the type of explanation is quite user friendly and I love the site. As a newbie I had done mistake by investing in online could mining site and they ran away with my money. Secondly while the rate of bitcoin was less i had not bought bitcoin and latter on when the rate rise up then i bought bitcoin and had suffered losses and I had planned to quit bitcoin but later on price again rise up than god. And another mistake with newbie is that they want to mine bitcoin which is worthless and using faucet to earn bitcoin is totally useless.
Maybe the first mistake is wrong word for newbie, Many newbie bitcoin finally get scammed by bitcoin based scam / hyip / ponzi / doubler.
Yes it is. Many newbies have been failed because they think that hyip is really a good thing and it can help them to survive their needs. They doesnt think that it is more risky to get into a hyip.profits.
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.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. 
thanks for this article and link it is helpfull to me as a newbie even though my rank is a member ihave lack of knowledge yet bitcoin currency..
I also find that 'newbies' tend to get scared at every little price-dip and sell right away, only to find that the price bounces back thrice-fold in the next couple days. Hold, hold, hold 
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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 cryptocurrency network.
newbies easily trust people here in the cryptocurrency world, they also do the act first before they think and then they will just realized what they did was wrong.
they are too fragile on doing things here in crypto world such as trying different things just to earn bitcoin,
For example is investing those ponzi sites out there believing that they could earn a good amount of money there which is mostly turning to scams in the end.
they are too fragile on doing things here in crypto world such as trying different things just to earn bitcoin,
For example is investing those ponzi sites out there believing that they could earn a good amount of money there which is mostly turning to scams in the end.
99% mistakes of every bitcoin newbie could be mitigated if people would simply do their own due diligence before happily donating their bitcoin to obvious scammers.
Bitcoin is tool for smart people - or least people who are willing to learn something, if you want to be taken care of for your whole life and are scared of losing your money then stick with Bank.
Or PayPal - you can always ask for them to revoke your payment or open up a PayPal dispute there.
Bitcoin is tool for smart people - or least people who are willing to learn something, if you want to be taken care of for your whole life and are scared of losing your money then stick with Bank.
Or PayPal - you can always ask for them to revoke your payment or open up a PayPal dispute there.
I admit im totally relate to this article lol still Im newbie to bitcoin up to now thanks for this article..skip faucet this time lol.
Maybe the first mistake is wrong word for newbie, Many newbie bitcoin finally get scammed by bitcoin based scam / hyip / ponzi / doubler.
Yes it is. Many newbies have been failed because they think that hyip is really a good thing and it can help them to survive their needs. They doesnt think that it is more risky to get into a hyip. Haha. This list is so true. I expecially loved the bit about I'll be rich with faucets. 
It reminds me of my first Bitcoin days...
But it forgot to mention some other methods to make Bitcoin and also to stay away from Bitcoin gambling. Other than that the site is an excellent resource for newbies. Even I learned something!
I also spend too much time in faucets because i believe that the thousand satoshi there is already worth a lot of money and somehow it is not worth too much so i also try gambling which is very addictive and i lose a lot of money there even my pocket money was wasted their because of the addiction of fast profits now i am more matured and just spending bitcoin or money in the things that is worth it like investing in altcoins and so on. It reminds me of my first Bitcoin days...But it forgot to mention some other methods to make Bitcoin and also to stay away from Bitcoin gambling. Other than that the site is an excellent resource for newbies. Even I learned something!
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.
Haha. This list is so true. I expecially loved the bit about I'll be rich with faucets. It reminds me of my first Bitcoin days...
But it forgot to mention some other methods to make Bitcoin and also to stay away from Bitcoin gambling. Other than that the site is an excellent resource for newbies. Even I learned something!
It reminds me of my first Bitcoin days...But it forgot to mention some other methods to make Bitcoin and also to stay away from Bitcoin gambling. Other than that the site is an excellent resource for newbies. Even I learned something!
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/
It always pays to google and to read a lot of articles,something I have not done when I was just a newbie in the crypto currency and have paid an hefty price,I've experience and have done some of the mistakes listed in that article and this is a good reference too.
Yes to really good article it made me to remember those days I was doing mistake as a newbie I wish I could have found this article in that time. But these article not covered low transaction time so that user get panic for transaction time
Lol i ever experienced it, back then i was a few weeks in bitcoin and i did transaction to exchange. And because the confirmation time is long enough and the balance has not come in, then I panicked and said that the exchange was a scam lol The worst mistakes newbies make are usually related to issues with sending/receiving and addresses, as well as forgetting password or not recording seeds, making backups. These are the things the older trader do by default but thinking about them is harder for the newbies.
When I was newbie I don't have issues with sending and receiving or anything related to it. There's a lot of mistakes that a newbie commits common mistakes especially when it comes to questions about earning. They usually think that they can earn very easy or there are a lot of ways to earn bitcoin on easy way.
This just happened recently on facebook. One of my friend (newbie) in crypto told me that the price is moving down.
And he was afraid to sell it at that price so he messaged me and ask me if there's no need to panic.
That's one of a common mistake that newbies are committing, when the price gets lower their heart is becoming weak.
True, this is a mistake that many people make, and it is one of the easiest to avoid, if you see the price is going down and you are invested in a solid coin, there is not need to panic, just leave your investment alone, selling when the price is down is the surest way to became poor. And he was afraid to sell it at that price so he messaged me and ask me if there's no need to panic.
That's one of a common mistake that newbies are committing, when the price gets lower their heart is becoming weak.
The most mistakes true newbies to bitcoin fall to are probably related to private keys, either exposing them on mistake or failing to keep them and the secret phrases used in majority of today wallet.
The most common mistake I've seen (which is almost harmless) is sharing blockchain identifier as the bitcoin address, seen dozens of people doing that, it isn't harmful since no password is included, but a newbie mistake.
The most common mistake I've seen (which is almost harmless) is sharing blockchain identifier as the bitcoin address, seen dozens of people doing that, it isn't harmful since no password is included, but a newbie mistake.
Even Bitcoin Veterans can make mistakes as well, not just the Newbies. I have made several mistakes over the years and the biggest one mistake I made was not to tell my Wife to buy a few hundred of them when she knew about them when they were less than one dollar each. So that was my biggest mistake as a newbie. 
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