It's probably gambling, as well as getting scammed by people both on and off the forum.
Newbies are especially prone because they are not aware that there is a rank system going on, as well as a trust system. I used to deal with other newbies with negative trust, and I literally ignored others' advice and went without escrow. Of course, I got scammed.
Topic: MOST COMMON MISTAKES OF A NEWBIE - page 10. (Read 21678 times)
Yes this forum is full of information.
If they start by only reading the forum and rules, they will be save on whatever they do later.
Reading and understanding the things is the Key here.
If they start by only reading the forum and rules, they will be save on whatever they do later.
Reading and understanding the things is the Key here.
The biggest mistake a newbie can make is to invest in pump and dump coins. A lot of new members looking to get Bitcoin fast because they missed the Bitcoin train. So they do a lot of risk and they mostly lose.
That can be one of the reason but the major fact is that they invest their coins in gambling to make it big in quick time which is not possible at all.
The biggest mistake a newbie can make is to invest in pump and dump coins. A lot of new members looking to get Bitcoin fast because they missed the Bitcoin train. So they do a lot of risk and they mostly lose.
I invested quite some coin in a ponzi scam. I believe lots of newbies out there have done that when they first started, too.
Remember that all doublers, triplers or HYIPS are ponzi schemes. They will fail eventually. A newbie should definitely know this before they start investing.
Remember that all doublers, triplers or HYIPS are ponzi schemes. They will fail eventually. A newbie should definitely know this before they start investing.
Before we decide to invest our bitcoin into any company, we must know yhat company proof to pay or not scam.
But it is no problem if it is happen when we still newbie, because that experience can be the teacher for us to don't repeat that mistake again.
honest when I newbie, I do invest in HYIP, because I am attracted with high result in a short time.
My friend had already been invested, and he showed proof of payment, so I'll make a decision. but unfortunately. when I invest, the site became a scammer
I think that is the mistake we all did in the past, I also invested my coins in doubler who promised me to double my coins in 3 days, and I am still waiting
3 days a long time in my opinion, I promised only a matter of hours, when it was only 6 hours. but the first 6 hours, their still pay and for the next hour they become a scammer. when it I invest around 0.4BTC
after that I was traumatized and did not want to hear even see sites about hyip!
common mistake as newbie for me is loosing a lot of bitcoin in trading & gambling
don't repeat it
don't repeat it
Better for them not to involve into gambling it's just a waste of money.
People learn from their mistakes, as this is the mistake everyone has done when he was a newbie, even I lost many coins at initial stage in gambling, but now I prefer to stay away from it.
- Always use escrow on the forum, preferably multisig
- Never mix Crypto and reversable payment methods like Paypal
- If it seems like too good a deal, it's probably stolen/carded/hacked
- Don't keep large amounts on an exchange
- Don't use a online wallet like Blockchain.info. For smaller amounts use a local wallet like Electrum, cold storage for larger ones
- Accounts can be freely traded on here, be careful who you trust
- Always verify who you're trading with using a message on here. Never send right over Skype/IRC
Your explanation are really helpful, you know i really want to know what's the mistakes on us, which we should avoid it.
Because when i was newbie and i was in yobit and one day my account was blocked so i was surprised because i really didn't know what i have done mistake.
That's some good advice cooldgamer, will be taking note of it.
- Always use escrow on the forum, preferably multisig
- Never mix Crypto and reversable payment methods like Paypal
- If it seems like too good a deal, it's probably stolen/carded/hacked
- Don't keep large amounts on an exchange
- Don't use a online wallet like Blockchain.info. For smaller amounts use a local wallet like Electrum, cold storage for larger ones
- Accounts can be freely traded on here, be careful who you trust
- Always verify who you're trading with using a message on here. Never send right over Skype/IRC
Your explanation are really helpful, you know i really want to know what's the mistakes on us, which we should avoid it.
Because when i was newbie and i was in yobit and one day my account was blocked so i was surprised because i really didn't know what i have done mistake.
common mistake as newbie for me is loosing a lot of bitcoin in trading & gambling
don't repeat it
don't repeat it
Better for them not to involve into gambling it's just a waste of money.
common mistake as newbie for me is loosing a lot of bitcoin in trading & gambling
don't repeat it
don't repeat it
common mistakes for newbies are they get lured to hyips , dont waste time in hyips which are ponzi and scam , dont invest in gambling, try to find legit sites like mini jobs , task etc.
I'm a newbie in the forum/community. What do you guys think of all these ICO's going on. There's lots of them the past weeks. Saw some active ones: Waves, TheDAO, Rise, Mycelium. Is it a good idea to invest in these?
I invested quite some coin in a ponzi scam. I believe lots of newbies out there have done that when they first started, too.
Remember that all doublers, triplers or HYIPS are ponzi schemes. They will fail eventually. A newbie should definitely know this before they start investing.
Remember that all doublers, triplers or HYIPS are ponzi schemes. They will fail eventually. A newbie should definitely know this before they start investing.
Before we decide to invest our bitcoin into any company, we must know yhat company proof to pay or not scam.
But it is no problem if it is happen when we still newbie, because that experience can be the teacher for us to don't repeat that mistake again.
honest when I newbie, I do invest in HYIP, because I am attracted with high result in a short time.
My friend had already been invested, and he showed proof of payment, so I'll make a decision. but unfortunately. when I invest, the site became a scammer
I think that is the mistake we all did in the past, I also invested my coins in doubler who promised me to double my coins in 3 days, and I am still waiting
I invested quite some coin in a ponzi scam. I believe lots of newbies out there have done that when they first started, too.
Remember that all doublers, triplers or HYIPS are ponzi schemes. They will fail eventually. A newbie should definitely know this before they start investing.
Remember that all doublers, triplers or HYIPS are ponzi schemes. They will fail eventually. A newbie should definitely know this before they start investing.
Before we decide to invest our bitcoin into any company, we must know yhat company proof to pay or not scam.
But it is no problem if it is happen when we still newbie, because that experience can be the teacher for us to don't repeat that mistake again.
honest when I newbie, I do invest in HYIP, because I am attracted with high result in a short time.
My friend had already been invested, and he showed proof of payment, so I'll make a decision. but unfortunately. when I invest, the site became a scammer
I invested quite some coin in a ponzi scam. I believe lots of newbies out there have done that when they first started, too.
Remember that all doublers, triplers or HYIPS are ponzi schemes. They will fail eventually. A newbie should definitely know this before they start investing.
Remember that all doublers, triplers or HYIPS are ponzi schemes. They will fail eventually. A newbie should definitely know this before they start investing.
Before we decide to invest our bitcoin into any company, we must know yhat company proof to pay or not scam.
But it is no problem if it is happen when we still newbie, because that experience can be the teacher for us to don't repeat that mistake again.
I invested quite some coin in a ponzi scam. I believe lots of newbies out there have done that when they first started, too.
Remember that all doublers, triplers or HYIPS are ponzi schemes. They will fail eventually. A newbie should definitely know this before they start investing.
Remember that all doublers, triplers or HYIPS are ponzi schemes. They will fail eventually. A newbie should definitely know this before they start investing.
Newbies mistake which I have seen are common in this forum are :
1. Newbies asking for loans of big amounts without offering proper collateral (This gives them an immediate Red Trust)
2. Newbies think of using faucetbox and clicking faucets will make them some BTC (Wrong, as they will lose a lot of time for just a few pennies)
3. Newbies being lured from some scammers to join under them in ponzi cloud mining (Wrong as newbies will never get their investment back, while they will give a power boost to the scammer to make ROI)
Pretty much these are the most basic mistakes I have seen here, but this list is far from complete.
1. Newbies asking for loans of big amounts without offering proper collateral (This gives them an immediate Red Trust)
2. Newbies think of using faucetbox and clicking faucets will make them some BTC (Wrong, as they will lose a lot of time for just a few pennies)
3. Newbies being lured from some scammers to join under them in ponzi cloud mining (Wrong as newbies will never get their investment back, while they will give a power boost to the scammer to make ROI)
Pretty much these are the most basic mistakes I have seen here, but this list is far from complete.
so you mean cloud mining is scam?
Newbies mistake which I have seen are common in this forum are :
1. Newbies asking for loans of big amounts without offering proper collateral (This gives them an immediate Red Trust)
2. Newbies think of using faucetbox and clicking faucets will make them some BTC (Wrong, as they will lose a lot of time for just a few pennies)
3. Newbies being lured from some scammers to join under them in ponzi cloud mining (Wrong as newbies will never get their investment back, while they will give a power boost to the scammer to make ROI)
Pretty much these are the most basic mistakes I have seen here, but this list is far from complete.
1. Newbies asking for loans of big amounts without offering proper collateral (This gives them an immediate Red Trust)
2. Newbies think of using faucetbox and clicking faucets will make them some BTC (Wrong, as they will lose a lot of time for just a few pennies)
3. Newbies being lured from some scammers to join under them in ponzi cloud mining (Wrong as newbies will never get their investment back, while they will give a power boost to the scammer to make ROI)
Pretty much these are the most basic mistakes I have seen here, but this list is far from complete.
I definitely agree with number # 2 I thought also that using faucetbox and clicking faucets will make me more money. And I thought faucetbox is already the bitcoin wallet.
Newbies mistake which I have seen are common in this forum are :
1. Newbies asking for loans of big amounts without offering proper collateral (This gives them an immediate Red Trust)
2. Newbies think of using faucetbox and clicking faucets will make them some BTC (Wrong, as they will lose a lot of time for just a few pennies)
3. Newbies being lured from some scammers to join under them in ponzi cloud mining (Wrong as newbies will never get their investment back, while they will give a power boost to the scammer to make ROI)
Pretty much these are the most basic mistakes I have seen here, but this list is far from complete.
1. Newbies asking for loans of big amounts without offering proper collateral (This gives them an immediate Red Trust)
2. Newbies think of using faucetbox and clicking faucets will make them some BTC (Wrong, as they will lose a lot of time for just a few pennies)
3. Newbies being lured from some scammers to join under them in ponzi cloud mining (Wrong as newbies will never get their investment back, while they will give a power boost to the scammer to make ROI)
Pretty much these are the most basic mistakes I have seen here, but this list is far from complete.
Or some generous newbies providing money for loans without collateral and they end up being scammed most of the times.
Newbies mistake which I have seen are common in this forum are :
1. Newbies asking for loans of big amounts without offering proper collateral (This gives them an immediate Red Trust)
2. Newbies think of using faucetbox and clicking faucets will make them some BTC (Wrong, as they will lose a lot of time for just a few pennies)
3. Newbies being lured from some scammers to join under them in ponzi cloud mining (Wrong as newbies will never get their investment back, while they will give a power boost to the scammer to make ROI)
Pretty much these are the most basic mistakes I have seen here, but this list is far from complete.
1. Newbies asking for loans of big amounts without offering proper collateral (This gives them an immediate Red Trust)
2. Newbies think of using faucetbox and clicking faucets will make them some BTC (Wrong, as they will lose a lot of time for just a few pennies)
3. Newbies being lured from some scammers to join under them in ponzi cloud mining (Wrong as newbies will never get their investment back, while they will give a power boost to the scammer to make ROI)
Pretty much these are the most basic mistakes I have seen here, but this list is far from complete.
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