[Guide] Beginner’s Mistakes and how to avoid them

aboyko

newbie

Activity: 1

Merit: 0

Quote from: mmanager on January 28, 2019, 05:52:43 AM

Hi Cashi,
thank you for your informative post! And thanks to others who add some valuable comments

When I registered, I hope that I can find here some information for beginners, so this post helps me a lot.

Maybe you can recommend some video/podcasts/other sources for beginners?

Hi, I'm also interested in the topic. Interesting article - https://www.romexsoft.com/blog/top-7-fintech-trends-in-2018/

Cashi

member

Activity: 392

Merit: 49

Quote from: mmanager on January 28, 2019, 05:52:43 AM

Hi Cashi,
thank you for your informative post! And thanks to others who add some valuable comments

When I registered, I hope that I can find here some information for beginners, so this post helps me a lot.

Maybe you can recommend some video/podcasts/other sources for beginners?

Hello, I don't know about good videos/podcasts. Usually, I don't recommend crypto YouTube channels because very often they want to share their reflink or advertise a product. There might be good ones, but I'm not very often on YouTube.

I can recommend to have a look at a list created by LoyceV, where he lists very good topics of Bitcointalk like guides and manuals about Bitcoin, Altcoins and the forum in general: Here is it: [GUIDES] on Bitcointalk. Index thread (until there is a dedicated subforum?)

Onuohakk

member

Activity: 672

Merit: 29

Very helpful informations for newbies and even other members like I have gotten tips from the article myself erasing some mistakes I used to make

mmanager

newbie

Activity: 4

Merit: 0

Hi Cashi,
thank you for your informative post! And thanks to others who add some valuable comments

When I registered, I hope that I can find here some information for beginners, so this post helps me a lot.

Maybe you can recommend some video/podcasts/other sources for beginners?

Cashi

member

Activity: 392

Merit: 49

Up for newcomers in 2019.

Feel free to add something in the case if I have missed important points. I'll add all of them to my OP. Wink

Cashi

member

Activity: 392

Merit: 49

Quote from: BlockGroup on December 13, 2018, 04:14:43 PM

Might be worth mentioning that in order to prepare for the worst case scenario you should teach one person how to access your funds in the eventuality you die. The person you trust with this information will obviously differ, but it would be an awful shame if you did have some funds stored away and your family could not access it once you have passed.

Just something to keep in mind!

Yes, good point. I'll add it to the OP and include a link to your post. Especially if you have huge funds it would be a pity to have no access anymore.

BlockGroup

jr. member

Activity: 38

Merit: 2

Might be worth mentioning that in order to prepare for the worst case scenario you should teach one person how to access your funds in the eventuality you die. The person you trust with this information will obviously differ, but it would be an awful shame if you did have some funds stored away and your family could not access it once you have passed.

Just something to keep in mind!

Cashi

member

Activity: 392

Merit: 49

Quote from: Jumoby on October 10, 2018, 07:31:53 AM

I'm new here and i find all this information so useful.
I loose my first Bitcoin wallet because i lack all the knowledge shared herr.

Thanks again for the info.

Please, is MEW recommendable since its a Web Wallet and not App?
I need an Ethereum wallet.

Thanks again.

Sorry for the late reply.

MEW is recommendable because it's also possible to create a MEW offline. However, I think using the official website is also safe, but I would recommend to create a MEW offline if you are planning to store more funds. You can download the official version from github and run it offline like always: https://github.com/kvhnuke/etherwallet/releases

Jumoby

newbie

Activity: 2

Merit: 0

I'm new here and i find all this information so useful.
I loose my first Bitcoin wallet because i lack all the knowledge shared herr.

Thanks again for the info.

Please, is MEW recommendable since its a Web Wallet and not App?
I need an Ethereum wallet.

Thanks again.

Cashi

member

Activity: 392

Merit: 49

OP updated:

Don't klick suspicious links

Many scammers will try to get your coins or personal informations, so keep this in mind if you click a suspicious link. There are many ways where they will try to scam you. Be very careful when you receive unasked PMs on Bitcointalk, in most cases there are suspicious links, don't click them if you are not 100% sure that they are legit. Better report these messages to moderators, the sender will receive an ban if it was a phishing PM.

I'll add more if I notice some new points.

adding715

newbie

Activity: 26

Merit: 0

Thank you for your informative post , personally i dont join to airdrops given by ICO because most of them are scam or even they gave you tokens it only compensates for withdrawal fee

Dimosha777

newbie

Activity: 140

Merit: 0

Quote from: Angel Di on August 18, 2018, 10:01:14 AM

I noticed that people are using MEW, often confuse its Private key with the wallet number. This is probably the most common error among users now. Which in turn leads to the loss of their funds.

Never enter your mew key on third-party sites, so you will lose all tokens

Cashi

member

Activity: 392

Merit: 49

Thanks to all your helpful comments, I've added some to my article!

Gkenneth2

newbie

Activity: 25

Merit: 0

Trust no mails or anyone is the best way not to be phished, best way is to be observant any any url link you are visiting, and lastly never share your private key don't confused your public key address to private. Don't make such mistake

hugeblack

legendary

Activity: 2702

Merit: 4002

I do not know if these recommendations are relevant, but you have the freedom to add it:

- Do not buy any hardware wallets except its official website.
There are a lot of scams that have occurred because of buying those wallets through Amazon and other intermediaries.
Scammers can modify or add some software to those wallets and steal your money/coins.

- Do not buy gift cards through intermediaries "even if you use a trusted escrow."
That is the most famous ways to get bitcoin anonymously as some of these cards sold for cash.
The risk is not limited to being scammed, but using stolen or stolen cards.

- Avoid web wallets as much as possible.

Angel Di

sr. member

Activity: 588

Merit: 251

EVOS

I noticed that people are using MEW, often confuse its Private key with the wallet number. This is probably the most common error among users now. Which in turn leads to the loss of their funds.

Xianrenbanban

newbie

Activity: 96

Merit: 0

The perfect teaching article, if I can see such an article just after entering the bitcointalk forum, then I may take a lot of detours, I have been deceived by phishing websites!

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Don't "invest" in bitcoin use it as money.
Don't buy alt-coins, ICOs or join any kind of group.
Only deal with legal licensed businesses.
Disabuse yourself of the bullshit that is "technical analysis".
Stay the course and don't let anyone get you off it.

r1s2g3

sr. member

Activity: 742

Merit: 395

I am alive but in hibernation.

I guess, I already captured most of the points and even more in my old article

https://bitcointalksearch.org/topic/m.30515162

Any way OP, this is also a nice read.

CryptoIyke

copper member

Activity: 308

Merit: 1

Sometimes people confuse public key for private key, have someone mistakenly entered his private key in a phising site and all his token where stolen, thanks for this comprehensive info, have shared with my team

Topic: [Guide] Beginner’s Mistakes and how to avoid them (Read 582 times)