General Advice to someone new | Bitcointalksearch.org

polynesia

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Quote from: lynn_402 on August 07, 2014, 12:05:16 PM

Quote from: zadiume on August 07, 2014, 11:16:22 AM

Work for FIAT, buy Bitcoin, pray that it goes up. Roll Eyes

Besides praying, one could try to contribute to cryptocurrencies in any way he can; like by selling things for coins, or doing publicity by making people realize how cool cryptos are, or simply by being generally knowlegable about them.

And spend your bitcoins, not hoard them.

lynn_402

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Quote from: zadiume on August 07, 2014, 11:16:22 AM

Work for FIAT, buy Bitcoin, pray that it goes up. Roll Eyes

Besides praying, one could try to contribute to cryptocurrencies in any way he can; like by selling things for coins, or doing publicity by making people realize how cool cryptos are, or simply by being generally knowlegable about them.

zadiume

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Work for FIAT, buy Bitcoin, pray that it goes up. Roll Eyes

ranochigo

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Quote from: some1 on August 07, 2014, 08:39:07 AM

Quote from: urbanBTC on July 28, 2014, 12:10:40 PM

I am new to Bitcoin's and looking to get into them. What is the main advice you wish someone would have told you when you started with Bitcoins?

Avoid online wallets

Trust noone on this forum

Faucets are only a wast of time

Secure your computer

Don't install or execute anything untrusted

The trust no one on this forum is a bit exaggerated. Yes, you shouldn't trust all the people with neutral trust but there are a few very trusted people with high trust. Their account will not be likely to be bought. If in doubt, you can always use an escrow.

some1

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667 one more than the devil

Quote from: urbanBTC on July 28, 2014, 12:10:40 PM

I am new to Bitcoin's and looking to get into them. What is the main advice you wish someone would have told you when you started with Bitcoins?

Avoid online wallets

Trust noone on this forum

Faucets are only a wast of time

Secure your computer

Don't install or execute anything untrusted

Peter882

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Quote from: lynn_402 on August 06, 2014, 10:21:49 AM

Quote from: elliwilli on August 06, 2014, 06:36:20 AM

if it looks too good to be true, it is
If its on the TOR network don't trust it
Store your wallet and back it up
Don't trust files from the internet and scan anything dodgy looking against virustotal

Especially don't trust any file related to cryptocurrencies. So many fake trade bots have been posted online, which actually steal the user's wallets.

Not only trade bots, there are also malware in altcoin wallets, gambling bots, etc.
So, don't download any programs without checking the code, and don't run any programs without first testing with a sandbox.

lynn_402

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Quote from: elliwilli on August 06, 2014, 06:36:20 AM

if it looks too good to be true, it is
If its on the TOR network don't trust it
Store your wallet and back it up
Don't trust files from the internet and scan anything dodgy looking against virustotal

Especially don't trust any file related to cryptocurrencies. So many fake trade bots have been posted online, which actually steal the user's wallets.

ranochigo

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Quote from: elliwilli on August 06, 2014, 06:36:20 AM

if it looks too good to be true, it is
If its on the TOR network don't trust it
Store your wallet and back it up
Don't trust files from the internet and scan anything dodgy looking against virustotal

TOR network only promotes anonymity, not viruses. People looking for anonymity are usually bitcoin users. Some websites host their webpage on TOR nodes so both the user and the website cannot be tracked. The internet also cannot be intercepted, promoting anonymity. Virustotal isn't always accurate. There are custom viruses that can bypass anti virus detections.

elliwilli

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et rich or die tryi

if it looks too good to be true, it is
If its on the TOR network don't trust it
Store your wallet and back it up
Don't trust files from the internet and scan anything dodgy looking against virustotal

nagabeler

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Welcome You are in the jungle, full of beast and cannibal , but there are also good bros here

littlewizard

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1. Be careful about online safety, back up your wallet and private key.
2. Never invest more than you can afford.

nwfella

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Well hello there!

Welcome aboard. Your in for one helluva ride I can promise you that!

Avoid investing in scams. And the best way to do that is to simply buy and hold. Cold storage or an uber-secure laptop that you don't do anything but bitcoin on. Make backups of everything, private key's, pass-phrases, etc.

*Treat your coins as you would treat your own hard earned cash and don't give it to anybody you don't know just because he has "the next big thing" and because everybody else seem's to be doing it.

silvestar

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Quote from: Mobius on August 03, 2014, 11:02:59 AM

Quote from: BunsenBurner on August 02, 2014, 10:57:26 AM

Quote from: urbanBTC on July 28, 2014, 12:10:40 PM

I am new to Bitcoin's and looking to get into them. What is the main advice you wish someone would have told you when you started with Bitcoins?

Don't trust any one or any site to hold your bitcoin (okay, maybe there are a few exceptions like those highly trusted escrows)

You can sometimes trust others to hold your bitcoin for you if you can reasonably determine that they are trusted, however you should only allow them to hold your bitcoin for short periods of time. Just because someone is trusted today does not mean they should or would be trusted tomorrow.

Well said.
Also, the escrows may not have prepared a "dead man's switch" and your bitcoin could be lost if something bad happens to the escrows.

polynesia

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Quote from: Mobius on August 03, 2014, 11:02:59 AM

You can sometimes trust others to hold your bitcoin for you if you can reasonably determine that they are trusted, however you should only allow them to hold your bitcoin for short periods of time. Just because someone is trusted today does not mean they should or would be trusted tomorrow.

On the issue of trust, make sure you go through this thread.
https://bitcointalksearch.org/topic/trust-no-one-33835

techgeek

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Understand you already missed 2009`s btc purchase - which most have so dont stress on that too much.

Focus on short term by making money for cash then buying bitcoin when its at a low point.

Mobius

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Quote from: BunsenBurner on August 02, 2014, 10:57:26 AM

Quote from: urbanBTC on July 28, 2014, 12:10:40 PM

I am new to Bitcoin's and looking to get into them. What is the main advice you wish someone would have told you when you started with Bitcoins?

Don't trust any one or any site to hold your bitcoin (okay, maybe there are a few exceptions like those highly trusted escrows)

You can sometimes trust others to hold your bitcoin for you if you can reasonably determine that they are trusted, however you should only allow them to hold your bitcoin for short periods of time. Just because someone is trusted today does not mean they should or would be trusted tomorrow.

dandouna

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Hello everybody ,

We must to take time to understand bitcoin.

BunsenBurner

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Quote from: urbanBTC on July 28, 2014, 12:10:40 PM

I am new to Bitcoin's and looking to get into them. What is the main advice you wish someone would have told you when you started with Bitcoins?

Don't trust any one or any site to hold your bitcoin (okay, maybe there are a few exceptions like those highly trusted escrows)

lynn_402

sr. member

Activity: 462

Merit: 253

Quote from: botany on August 02, 2014, 06:02:06 AM

Guess I should explore bitcoins fully before thinking of altcoins,

Altcoins can be a good way to learn about cryptocurrencies actually, since transactions costs almost nothing for many of them, and they are faster.

botany

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Guess I should explore bitcoins fully before thinking of altcoins,

Topic: General Advice to someone new (Read 2506 times)