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?
Buy a few coins and put them into cold storage. Come back in a few years.
Topic: General Advice to someone new - page 2. (Read 2506 times)
Buy a few coins and put them into cold storage. Come back in a few years.
The best would be to get a bitcoin app for your phone, send like 0.25 to it and try to use it as much as possible. Get used to how the transfers go, and how quick things are verified. Experience always is the best.
OP should just research more before trying out small amounts to online wallet or lightweight wallets and get more experience. No newbies would immediately buy $125+ for a thing they don't have knowledge about.they don't have knowledge about or cant afford...
The best would be to get a bitcoin app for your phone, send like 0.25 to it and try to use it as much as possible. Get used to how the transfers go, and how quick things are verified. Experience always is the best.
OP should just research more before trying out small amounts to online wallet or lightweight wallets and get more experience. No newbies would immediately buy $125+ for a thing they don't have knowledge about. The best would be to get a bitcoin app for your phone, send like 0.25 to it and try to use it as much as possible. Get used to how the transfers go, and how quick things are verified. Experience always is the best.
Eh phone wallet apps are not very secure at the moment. While I would encourage people to spend Bitcoin to increase adoption, for some 0.25BTC is almost a months worth of savings.
The best would be to get a bitcoin app for your phone, send like 0.25 to it and try to use it as much as possible. Get used to how the transfers go, and how quick things are verified. Experience always is the best.
There's a Newbie DO'S and DONT'S thread which has some pretty good stuff in it, you should take a look.
Try to use bitcoin as much as possible, try to understand as much well as possible, Get a bunch of bitcoins as your long term investement but also have bitcoins to spend when you need to, don't fall for scams as a lot of people try to scam where are new innovation like BTC or e- currency, just be careful and do all these thing with bitcoin.
When you get into Bitcoin, look at it, as a long term investment and not a "Get rich quick scheme"
Do not panic sell, every time the price dip a little. Wait it out, and buy when the price is low. {Like with any other stock and shares you buy}
If you want to get into "mining" make sure you calculate carefully ALL options. {Cheap mining equipment, is not necessarily the best}
Do not waste your time on faucets, if you have skills or experience, you could sell for BTC.
Secure the largest portion of your BTCs in cold storage {Paper wallets}
Good luck.
Do not panic sell, every time the price dip a little. Wait it out, and buy when the price is low. {Like with any other stock and shares you buy}
If you want to get into "mining" make sure you calculate carefully ALL options. {Cheap mining equipment, is not necessarily the best}
Do not waste your time on faucets, if you have skills or experience, you could sell for BTC.
Secure the largest portion of your BTCs in cold storage {Paper wallets}
Good luck.
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?
Do not go into mining, you would regret..
Unless you mine with your main objective being to keep Bitcoin's network secure and decentralized; these kind of miners are important, or in the near future ASIC companies will represent the vast majority of Bitcoin's hashrate.
Always use cold storage for large amounts of BTC. Secure it with a strong passphrase, keep backups over a few different locations. Be wary of dealing without escrows and dealing with untrusted members. Always try to use escrow for every transaction. Get a good anti virus for your computer and do regular scans. Do not download suspicious software's. Do not cloudmine, they will never ROI and can run away with your money.
Trust nobody on the forum 
Wise to have a read of the bitcoin wiki and learn about computer security, generating secure paper wallets etc
If possible have a dedicated pc for storing your bitcoin that's only connected to the internet when your making a transaction.
Lastly, have a good read of this forum (especially the scam accusation sub-forum) to get a heads up on all the latest scams.
Wise to have a read of the bitcoin wiki and learn about computer security, generating secure paper wallets etc
If possible have a dedicated pc for storing your bitcoin that's only connected to the internet when your making a transaction.
Lastly, have a good read of this forum (especially the scam accusation sub-forum) to get a heads up on all the latest scams.
Secure your computer
Spend some time trying different wallets
Backup your wallet
Be careful sending money to strangers or websites
Have a look in the services section on this forum for earning
And finally, spend a lot of time on these forums, there is tons of information
Spend some time trying different wallets
Backup your wallet
Be careful sending money to strangers or websites
Have a look in the services section on this forum for earning
And finally, spend a lot of time on these forums, there is tons of information
Hello! Welcome to the world of bitcoin!
There are few things you must keep in mind before you start using bitcoin. You must know the do's and don'ts of bitcoin.
Do's
1. Always back-up your wallet
2. Stay away from shady offers and sites. These offers are usually the "too good to be true" offers that may end up scamming you.
3. Invest on what you can afford to lose.
Don'ts
1. Never give your private key to others because, well, that's just a dumb move.
2. Do not try to scam others because in the end, you'll regret on doing it,
3. NEVER EVER INVEST EVERYTHING THAT YOU HAVE IN BITCOIN BECAUSE THERE ARE NO GUARANTEES THAT YOU WILL END UP RICH LIKE THE OTHERS.
There are many other advice that I can give you but some are very technical to understand that I myself am confused to some of them. Remembering the simple steps on making yourself educated is a good start on using bitcoin.
Good luck sir.
There are few things you must keep in mind before you start using bitcoin. You must know the do's and don'ts of bitcoin.
Do's
1. Always back-up your wallet
2. Stay away from shady offers and sites. These offers are usually the "too good to be true" offers that may end up scamming you.
3. Invest on what you can afford to lose.
Don'ts
1. Never give your private key to others because, well, that's just a dumb move.
2. Do not try to scam others because in the end, you'll regret on doing it,
3. NEVER EVER INVEST EVERYTHING THAT YOU HAVE IN BITCOIN BECAUSE THERE ARE NO GUARANTEES THAT YOU WILL END UP RICH LIKE THE OTHERS.
There are many other advice that I can give you but some are very technical to understand that I myself am confused to some of them. Remembering the simple steps on making yourself educated is a good start on using bitcoin.
Good luck sir.
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?
Do not go into mining, you would regret..
Remember that the bitcointalk accounts can be bought and sold.
Don't trust even the hero members but use always escrows if you want to trade something in the market.
Don't trust even the hero members but use always escrows if you want to trade something in the market.
Don't store your bitcoin on hosted wallets (exchanges/gambling sites).
Don't risk what you can't afford to lose.
Don't trust others easily.
Use escrows when possible.
Don't risk what you can't afford to lose.
Don't trust others easily.
Use escrows when possible.
watch out from scams
Read all the sticky threads in this forum, especially under the Beginners section.
Thanks for good advice. I will be working up to a bitcoin now.
Buy then hodl
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