Topic: Are you a crypto beginner? (Read 829 times)
yeh, nr 3. is very important, is ur life
I as newbie here in the world of crypto much of the experience that i get on this forum is extraordinary
Thank you for the noticed. 
Are you new at crytpo and you seem to be making mistakes left and right?
Not to worry. A big part of the learning experience are the mistakes we make as newbies while still finding our feet.
Some are hilarious while others can have devastating consequences. But, all these common mistakes can be easily avoided with a little research.
Here are a few of those:
1. Lost Keys
It is different from forgetting your password or your pin where you can request to reset your pin or have it sent to your email address. There is no customer care for the blockchain and no way to recover your key if you lose it. Be sure to keep this secure at all times.
2. Keeping Coins in Online Wallets
Most newbies after signing up with an exchange service and purchasing their first cryptocurrencies neglect to take them out of the exchanger’s website. Again, this is another case of ignorance, laziness or a combination of both. Be on the look out for this.
3. Not Keeping Hard Copies of Important Information
Very simple yet very effective. Make sure to keep hard copies of everything.
4. Fat-finger Error
Fat-finger error can be defined as a human error that occurs when the wrong key is pressed on a computer (or smartphone) keyboard. Some of the most calamitous trading errors ever recorded in the financial market has been due to fat-finger errors. So type very very carefully.
So there you have it. Be sure to take a good read and be aware of these easily avoidable common mistakes.
Cryptocurrency transactions are irreversible and as such, the onus is on the user to carry out due diligence before carrying out any transaction.
Yes,i am also a beginner,and thank you for that information!I want to learn more! Not to worry. A big part of the learning experience are the mistakes we make as newbies while still finding our feet.
Some are hilarious while others can have devastating consequences. But, all these common mistakes can be easily avoided with a little research.
Here are a few of those:
1. Lost Keys
It is different from forgetting your password or your pin where you can request to reset your pin or have it sent to your email address. There is no customer care for the blockchain and no way to recover your key if you lose it. Be sure to keep this secure at all times.
2. Keeping Coins in Online Wallets
Most newbies after signing up with an exchange service and purchasing their first cryptocurrencies neglect to take them out of the exchanger’s website. Again, this is another case of ignorance, laziness or a combination of both. Be on the look out for this.
3. Not Keeping Hard Copies of Important Information
Very simple yet very effective. Make sure to keep hard copies of everything.
4. Fat-finger Error
Fat-finger error can be defined as a human error that occurs when the wrong key is pressed on a computer (or smartphone) keyboard. Some of the most calamitous trading errors ever recorded in the financial market has been due to fat-finger errors. So type very very carefully.
So there you have it. Be sure to take a good read and be aware of these easily avoidable common mistakes.
Cryptocurrency transactions are irreversible and as such, the onus is on the user to carry out due diligence before carrying out any transaction.
Good advice for cryptocurrency beginners, I stole my wawes recovery key in the past day with some tokens, Now I know how important of this key when day to day using it. Keep tokens in exchanges only for trading and buying some new tokens
Yes i am a crypto beginner. Actually i just joined last feb. Good luck !
My mistake is to have bought btc in the wrong moment and now I don't know if one day I will have profits 
When in doubt, just HODL it.
I leave my coin on exchange, is there any problem for that?
Depends on the exchange; they are many trusted ones out there but some are just plain crappy. To be on the safest side, use a generic wallet.
I leave my coin on exchange, is there any problem for that?
The most important point in this post is holding your coins in your own wallet and not in some exchange wallet. If your coins are kept on the exchange then they can disappear anytime.
Yes, I am a crypto beginner, thanks for giving a valuable information.
My mistake is to have bought btc in the wrong moment and now I don't know if one day I will have profits
Though these are the most common behavior/mistakes that newbies are doing, these are also the most frustrating errors anybody can make. Like #3, storing your Private keys on your computer instead of writing it down on a paper or storing it on a hardware/paper wallet. When your computer got infected by a virus the corrupting your files and all you gotta do is reformat your PC, I mean say byebye to your crypto portfolio. And that really hurts that you would wish better lose a finger
Thank for post!)
I am pretty new to this world, thank you very much for these great advises!
hi you can also check out this article for further awareness: https://www.investing.com/analysis/whats-behind-the-lower-number-of-icos-200299877
This is very helpful for beginner like me. thank you for writing.
Don't forget to join our survey on our Reddit thread! We'd love to hear your thoughts about the major problems in the cryptocurrency markets today.
View the survey here: https://www.reddit.com/r/fundyourselfnow/comments/85r2tp/survey_on_the_major_problems_in_the/major_problems_in_the_cryptocurrency_market_survey/
View the survey here: https://www.reddit.com/r/fundyourselfnow/comments/85r2tp/survey_on_the_major_problems_in_the/major_problems_in_the_cryptocurrency_market_survey/
I think it's also good thing to remember that some ICOs today are just scam and even if you are a Newbie, you need to crosscheck the ICO's team first, the concept of their project, the product, the whitepaper, and the community involve. It's better to do your investigation than just jumping in on the ICO and waste your money and time.
IT’S EXTENDED!!
We’re running an intriguing survey on our Reddit thread about the major problems in the cryptocurrency markets today. Would love to hear your thoughts. We will be sharing the results of this survey after a week on our reddit page. If you’re not yet subscribed, please do so in order to have quick access on the results.
Here is the link: https://www.reddit.com/r/fundyourselfnow/comments/85r2tp/survey_on_the_major_problems_in_the/major_problems_in_the_cryptocurrency_market_survey/
We’re running an intriguing survey on our Reddit thread about the major problems in the cryptocurrency markets today. Would love to hear your thoughts. We will be sharing the results of this survey after a week on our reddit page. If you’re not yet subscribed, please do so in order to have quick access on the results.
Here is the link: https://www.reddit.com/r/fundyourselfnow/comments/85r2tp/survey_on_the_major_problems_in_the/major_problems_in_the_cryptocurrency_market_survey/
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