MOST COMMON MISTAKES OF A NEWBIE - page 11.

jossiel

hero member

Activity: 3150

Merit: 636

DGbet.fun - Crypto Sportsbook

Quote from: stomachgrowls on May 11, 2016, 03:12:45 AM

i find it hard to understand most of the terms in alt coins. most abbreviations are not found in the newbie help.

You don't have need to study the terms in alt coins what most important is you know how to use that alt coins and you know how to trade it. Don't really need to study that abbreviations.

amzee75

newbie

Activity: 14

Merit: 0

Quote from: JanMalessa on March 12, 2016, 08:50:41 PM

Ahoy there

Im a beginner with electronic currencies and started using Yobit few days ago
I would like to know what types of common mistakes newbies make and what to avoid in early days

Regards

buy local coin where many pumper and dumper.newbie also buy these coin for making profit and also lose you r money so first you see the full background thats coin see its development also check its capital,roadmap,its supply so check all about this and completed studied it before buying any coin.

KarlY7

newbie

Activity: 18

Merit: 0

Quote from: poptok1 on May 11, 2016, 03:18:56 AM

Quote from: KarlY7 on May 11, 2016, 02:18:52 AM

What about cloud mining?
I just see some contract on OXBTC and the price is good.
What you guys think?
Could anyone give some advice?

One of the fundamental mistakes right there.
Remember m8 always treat those cloud mining websites as potential scam.

This oxbtc is one of them. To good to be true offer should awake suspiciousness.

badbitcoin.org:
"Oxbtc.com That's Boll-ox btc.
They offer the highest ROI, because they don't have to pay it.
It's just another fake mining scam. 2/6/16"

Thanks for your reply! that's really helpful!
Though i don't have mining there, but i still have some current deposits there, and it does have incomes. should i still leave my btc there?
Also i find they have $100 coupons for user now, should i buy some(little amount) to try it?

jamesl22

sr. member

Activity: 392

Merit: 250

Quote from: Bitcoinbee on May 11, 2016, 02:07:51 AM

Quote from: stromma44 on May 09, 2016, 04:57:40 PM

Quote from: Bloxy on May 09, 2016, 04:23:19 PM

A common mistake is using faucets and thinking you will actually get rich from them which is highly unlikely.

People like that is free as there is no investment needed in faucets, but the fact is as they are new they are not aware how to start off in productive way.

yup i was on it previously and for a couple of months been playing games and viewing those commercials still got les than 50 cents in my wallet. anyway that was fun for a start.

Its always good to learn new things and also learn from the mistakes, now you are aware that faucet will waste your time and returns would be too less, your electricity cost would be higher then what you earned from faucets.

poptok1

hero member

Activity: 1638

Merit: 756

Bobby Fischer was right

Quote from: KarlY7 on May 11, 2016, 02:18:52 AM

What about cloud mining?
I just see some contract on OXBTC and the price is good.
What you guys think?
Could anyone give some advice?

One of the fundamental mistakes right there.
Remember m8 always treat those cloud mining websites as potential scam.

This oxbtc is one of them. To good to be true offer should awake suspiciousness.

badbitcoin.org:
"Oxbtc.com That's Boll-ox btc.
They offer the highest ROI, because they don't have to pay it.
It's just another fake mining scam. 2/6/16"

stomachgrowls

hero member

Activity: 3010

Merit: 794

i find it hard to understand most of the terms in alt coins. most abbreviations are not found in the newbie help.

KarlY7

newbie

Activity: 18

Merit: 0

What about cloud mining?
I just see some contract on OXBTC and the price is good.
What you guys think?
Could anyone give some advice?

jossiel

hero member

Activity: 3150

Merit: 636

DGbet.fun - Crypto Sportsbook

Quote from: Bloxy on May 09, 2016, 04:23:19 PM

A common mistake is using faucets and thinking you will actually get rich from them which is highly unlikely.

This is what also I'm thinking when I'm still a newbie and trying to calculate what I can earn by using faucets. I though 3 digits of satoshi's were already a big amount of bitcoin, but it was all a common mistake.

Bitcoinbee

member

Activity: 84

Merit: 10

www.lunarbets.eu Bitcoin*Sports*Betting

Quote from: stromma44 on May 09, 2016, 04:57:40 PM

Quote from: Bloxy on May 09, 2016, 04:23:19 PM

A common mistake is using faucets and thinking you will actually get rich from them which is highly unlikely.

People like that is free as there is no investment needed in faucets, but the fact is as they are new they are not aware how to start off in productive way.

yup i was on it previously and for a couple of months been playing games and viewing those commercials still got les than 50 cents in my wallet. anyway that was fun for a start.

stromma44

hero member

Activity: 952

Merit: 1000

Quote from: Bloxy on May 09, 2016, 04:23:19 PM

A common mistake is using faucets and thinking you will actually get rich from them which is highly unlikely.

People like that is free as there is no investment needed in faucets, but the fact is as they are new they are not aware how to start off in productive way.

Bloxy

member

Activity: 62

Merit: 10

A common mistake is using faucets and thinking you will actually get rich from them which is highly unlikely.

terman45x

hero member

Activity: 840

Merit: 1000

Quote from: SquallLeonhart on May 07, 2016, 10:37:06 AM

Quote from: abyaby123 on May 07, 2016, 10:03:47 AM

Most mistakes are that newbies didn´t reasearch enought about a coin if it is shit or not.
Many newbies can´t wait till the price go down to buy and buy then at to high price and make looses.

That is one of the mistake for sure but the other mistake newbie does is that he invests his money in some ponzi sites hoping to multiply his coins in quick time.

Yeah and I believe gambling the most common mistake done not only by a newbie but also by the senior and experienced user of bitcoin to make it big in quick time.

bluegirl

newbie

Activity: 14

Merit: 1

Newbie can involve in gambling and lose all the coins Sad

SquallLeonhart

legendary

Activity: 2464

Merit: 1102

Quote from: abyaby123 on May 07, 2016, 10:03:47 AM

Most mistakes are that newbies didn´t reasearch enought about a coin if it is shit or not.
Many newbies can´t wait till the price go down to buy and buy then at to high price and make looses.

That is one of the mistake for sure but the other mistake newbie does is that he invests his money in some ponzi sites hoping to multiply his coins in quick time.

abyaby123

full member

Activity: 203

Merit: 100

Most mistakes are that newbies didn´t reasearch enought about a coin if it is shit or not.
Many newbies can´t wait till the price go down to buy and buy then at to high price and make looses.

Corenin

legendary

Activity: 1008

Merit: 1000

Quote from: Capitascism on May 07, 2016, 08:14:36 AM

Quote from: ubitcoin on May 04, 2016, 11:34:01 PM

Avoid gambling !!
thats all i can tell you from my experience ! Undecided

could you be more specific? What happened? I have good experience but i can't say i'm winning all the time, sometimes i'm very lucky but sometimes lose almost few times more than i can afford..But i still in the game..

If you are good in gambling then you can continue with it no need to listen to other, its your money you can invest it according to your wish.

Capitascism

full member

Activity: 163

Merit: 100

Quote from: ubitcoin on May 04, 2016, 11:34:01 PM

Avoid gambling !!
thats all i can tell you from my experience ! Undecided

could you be more specific? What happened? I have good experience but i can't say i'm winning all the time, sometimes i'm very lucky but sometimes lose almost few times more than i can afford..But i still in the game..

Petersen

member

Activity: 70

Merit: 10

buying coin shilled by bagholder, that will dump over them

Thoth-

newbie

Activity: 10

Merit: 0

Quote from: ?? on ??

Quote from: streazight on April 30, 2016, 11:42:12 AM

Majority of newbies are involved in gambling as they want to multiply their coins in quick time and end up loosing as they have no experience Embarrassed

Experience? Even the most experienced gambler will lose all of her money eventually.

Yeah funny to see how people thing Gambling is a reasonable way to accumulate BTC's

tabas

hero member

Activity: 3024

Merit: 745

🌀 Cosmic Casino

Quote from: fkvidar on May 04, 2016, 06:12:27 PM

Quote from: safari88 on May 04, 2016, 10:05:45 AM

Quote from: jossiel on May 02, 2016, 11:57:10 AM

I can say that one of the most common mistake of a newbie is that when we try to think how easy to earn with bitcoin but in reality it is very hard to earn a single bitcoin. There is no easy way to earn money you have to work it, unless you rob it.

yes it is a common mistake beginners who come here. because they do not have knowledge of it all.
I was also so when a beginner, want to get a free bitcoin, but very difficult. but when I have a lot of knowledge, I can earn a lot bitcoin by way of a free.

You can earn it free from faucets and the most mistake newbie does is that he invests his money into gambling to make quick money.

The most common mistake of newbies is the money they earned from faucets or received giveaways or given by their friends.
They are investing it to hyip hoping that their money will grow not knowing that it is only a scam.

Topic: MOST COMMON MISTAKES OF A NEWBIE - page 11. (Read 21698 times)