Topic: Five common mistakes made by Bitcoin users - page 7. (Read 4200 times)
Seems there are many peoples didn't carefully store their assets some of them did not save their legit electronic password properly in their laptop or wherever possible to save sometimes this is the reason that they easily hack because of carelessness usually this mistakes is done by newcomers in crypto they didn't know that this is really important.
this is very much happening, I have also experienced, and until now I still keep the wallet, but can not access this wallet that I created in May 2014. number 4.Buy and sell based on feelings, you are absolutely right. even till the day ni occasionally I still make this mistake, not always loss, more profit. but still this is very risky.
I think that mistakes are a normal thing done by beginners. Without those mistakes we will not realize and learn. The most important thing is to use Two Factor Authentication on the web wallet. Most web wallet users only rely on username and password to login. Then when the password is peeped by someone else or there is a keylogger on their computer, suddenly their balance is empty. Their bitcoin has been hacked!
1. Do not remember electronic wallet password
2. Do not back up your wallet
3. Do not research new services
4. Buy and sell based on feelings
5. Leave your money in the electronic money floor
2. Do not back up your wallet
3. Do not research new services
4. Buy and sell based on feelings
5. Leave your money in the electronic money floor
In my case. I dont have a copy of my back up wallet so. Im in danger now i dont know how can I retrieve my account im struggling now cause my account there are my investment. There are the token that ive been holding. Im so upset. Maybe its just a lesson for me that make a copy always make a copy of everything especially my wallet addresses
I would add that this all things are united by laziness. If I would not be so lazy, I would keep my things more secure indeed!
Here are common mistakes made by Bitcoin users.
# 1 Leaving Funds on the Exchange Platform
# 2 Purchases and Sales Based on Emotions
# 3 Less Research New Services
# 4 Let your money in exchange
# 5 Not Remembering the Password Wallet
# 1 Leaving Funds on the Exchange Platform
# 2 Purchases and Sales Based on Emotions
# 3 Less Research New Services
# 4 Let your money in exchange
# 5 Not Remembering the Password Wallet
I would add some more
1 investing loan money
2 refusing a risk management
3 huge percentage expectation
4 awaiting easy money
1 investing loan money
2 refusing a risk management
3 huge percentage expectation
4 awaiting easy money
1. Do not remember electronic wallet password
2. Do not back up your wallet
3. Do not research new services
4. Buy and sell based on feelings
5. Leave your money in the electronic money floor
2. Do not back up your wallet
3. Do not research new services
4. Buy and sell based on feelings
5. Leave your money in the electronic money floor
all are important, but first two are very important, and it is hard to believe that people are buying crypto, but not thinking regarding these two...
it is because people are relayed on banks and institutions to remember data for them
Yes, that is correct. Making best option when you have to joined in a campiagn better have to step by step process which the first thing to do in time you join also a time to make a wallets, for a reason that you can logon on your spreadsheet or what else you do to remember or easily be seen the wallets that you used in the campaign in organized or in order.
1. Do not remember electronic wallet password
2. Do not back up your wallet
3. Do not research new services
4. Buy and sell based on feelings
5. Leave your money in the electronic money floor
2. Do not back up your wallet
3. Do not research new services
4. Buy and sell based on feelings
5. Leave your money in the electronic money floor
all are important, but first two are very important, and it is hard to believe that people are buying crypto, but not thinking regarding these two...
it is because people are relayed on banks and institutions to remember data for them
1. Do not remember electronic wallet password
2. Do not back up your wallet
3. Do not research new services
4. Buy and sell based on feelings
5. Leave your money in the electronic money floor
2. Do not back up your wallet
3. Do not research new services
4. Buy and sell based on feelings
5. Leave your money in the electronic money floor
all are important, but first two are very important, and it is hard to believe that people are buying crypto, but not thinking regarding these two...
it is because people are relayed on banks and institutions to remember data for them
Greed, fear, hope or excitement can be so overcoming in the completely new world of cryptocurrency, whether you are trading, are faced with a security issue, or faced by scammers.
1. Do not remember electronic wallet password
2. Do not back up your wallet
3. Do not research new services
4. Buy and sell based on feelings
5. Leave your money in the electronic money floor
2. Do not back up your wallet
3. Do not research new services
4. Buy and sell based on feelings
5. Leave your money in the electronic money floor
Yes, these are indeed many rookie mistakes. If you forget your password, you will lose your bitcoin forever.
Also, don't put COINS on exchanges when you're not trading, because exchanges are the target of all hackers.
When the user loses the BTC wallet, he loses BTC forever! The lost bitcoins still exist in the block chain like other bitcoins!
When the available bitcoins become smaller, the remaining bitcoins will have a higher demand, and their value will increase.
Never lose your BTC wallet!
When the available bitcoins become smaller, the remaining bitcoins will have a higher demand, and their value will increase.
Never lose your BTC wallet!
buy and sell based on feelings. I am still doing it and can not stop myself. that is why nowadays I just put my orders and do not check so often. otherwise I am making so stupid mistakes
1. Do not remember electronic wallet password
2. Do not back up your wallet
3. Do not research new services
4. Buy and sell based on feelings
5. Leave your money in the electronic money floor
2. Do not back up your wallet
3. Do not research new services
4. Buy and sell based on feelings
5. Leave your money in the electronic money floor
Number one reason is the most dominant problem today, there is a huge amount of cryptocurrency that is not circulating in the country because some of the investors cannot recover their own passwords.
1. Do not remember electronic wallet password
2. Do not back up your wallet
3. Do not research new services
4. Buy and sell based on feelings
5. Leave your money in the electronic money floor
2. Do not back up your wallet
3. Do not research new services
4. Buy and sell based on feelings
5. Leave your money in the electronic money floor
The five things above are common mistakes that beginners do not fully understand how bitcoins work. Hopefully the above five things can be more attention again by the beginners bitcoin users so they do not continue to complain with the losses caused by their own negligence.
1. Do not remember electronic wallet password
2. Do not back up your wallet
3. Do not research new services
4. Buy and sell based on feelings
5. Leave your money in the electronic money floor
2. Do not back up your wallet
3. Do not research new services
4. Buy and sell based on feelings
5. Leave your money in the electronic money floor
all are important, but first two are very important, and it is hard to believe that people are buying crypto, but not thinking regarding these two...
it is because people are relayed on banks and institutions to remember data for them
Yes mistakes are common in all field and people learn new from your mistakes that's why many people saying experience is very much important in this crypto currency field so make some experience in this and mistakes will not happen.
1. Do not remember electronic wallet password
2. Do not back up your wallet
3. Do not research new services
4. Buy and sell based on feelings
5. Leave your money in the electronic money floor
Not using Two Factor Authentication. This is very important for web wallet users. Because web wallet lets others access your Bitcoin balance from anywhere. If your password is caught because you hit a keylogger, at least Two Factor Authentication still protects your account.2. Do not back up your wallet
3. Do not research new services
4. Buy and sell based on feelings
5. Leave your money in the electronic money floor
You should put that also on the mistakes of bitcoin users, trusting online wallets. The very reason why we used cryptocurrencies is that we can secure our own assets by ourselves without relying or trusting anyone else to do it for us. Basically, using online wallets defeats this purpose. It is quite hard to secure it yourself as if you lose your mnemonics or password or private keys the funds in their are lost forever, but that is the sacrifice you have to take to be able to secure your own assets.
1. Do not remember electronic wallet password
2. Do not back up your wallet
3. Do not research new services
4. Buy and sell based on feelings
5. Leave your money in the electronic money floor
2. Do not back up your wallet
3. Do not research new services
4. Buy and sell based on feelings
5. Leave your money in the electronic money floor
all are important, but first two are very important, and it is hard to believe that people are buying crypto, but not thinking regarding these two...
it is because people are relayed on banks and institutions to remember data for them
1. Do not remember electronic wallet password
2. Do not back up your wallet
3. Do not research new services
4. Buy and sell based on feelings
5. Leave your money in the electronic money floor
Not using Two Factor Authentication. This is very important for web wallet users. Because web wallet lets others access your Bitcoin balance from anywhere. If your password is caught because you hit a keylogger, at least Two Factor Authentication still protects your account. 2. Do not back up your wallet
3. Do not research new services
4. Buy and sell based on feelings
5. Leave your money in the electronic money floor
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