MOST COMMON MISTAKES OF A NEWBIE - page 13.

darkmagician

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Quote from: Oralmat on April 30, 2016, 09:59:12 AM

I think the most common probelm with NEwbie is the lack of knowlegden chosing the wallets, investmnet schemes, gambling site etc

i agree with you, thats the common mistakes that only newbie can do,, i dont know if theres a high rank here that do this kind of mistakes done by newbies. Grin

Capitascism

full member

Activity: 163

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Many new members coming here to earn money quickly and without any effort, so when they don't succeed the abandoning bitcoin forever, and this is mistake. Don't involve yourself in bitcoin because of money, at least you must know what are you doing.

Oralmat

hero member

Activity: 588

Merit: 500

I think the most common probelm with NEwbie is the lack of knowlegden chosing the wallets, investmnet schemes, gambling site etc

Thoth-

newbie

Activity: 10

Merit: 0

Don't buy anything or listen to anyone

all small shit coins are exactly that.

Stick to quality coins that are at least a year old with active devs with plans for future
and implementation of past plans (slight delays are not the end of the world)

An active thread with a god community.
Low mintage & no preimine is also a good kicker,

ETH might look good but they can keep raising the mintage as many times as they please.

some coins fitting the good bill currently are WBB, TX, DASH maybe Verge?

Buy them on a dip and hold them for 6 -8 months, Get active in the community.

If a big high comes sell for sure

but getting caught in the scam coin cycle is biggest noob mistake,

Patience & research makes you $$$$

elobizph

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Activity: 168

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some newbies are so greedy to lend a bitcoin in lending section and want to trade with paypal to bitcoin in currency exchange section.

katiecbell

hero member

Activity: 644

Merit: 500

Quote from: garmerys on April 30, 2016, 08:07:52 AM

For newbies dont waste time with faucets and cloud mining

Also be careful with ponzi investment schemes

garmerys

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For newbies dont waste time with faucets and cloud mining

topper26

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while bitcoin is in the mid 400 to 500 range is it a bad idea to buy a little each week not looking for short term profit but acquiring as many bitcoins as possible for future value ie 10-20 yrs when bitcoin may be 5k, 10k, 50k??

Exurban

newbie

Activity: 24

Merit: 0

Nowadays, I think the most common mistake is not actually trying to figure out whether or not Bitcoin is right for you. Most people look at Bitcoin as a way to make money fast, when it is not at all. Then they get rather impatient and frustrated and it's not healthy. The false conception of being able to make money fast should probably stop.

Jasad

legendary

Activity: 1414

Merit: 1002

= jasad =

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

so many,and some of that mistake was create by newbie mindset,this is the point. the biggest mistake that common coming to newbie is they are thinking of how to earn bitcoin fastly and easily,they should think how to know more and more about bitcoin,and way to earn bitcoin will opened.

BAGOBO

legendary

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Merit: 1005

Quote from: eddyubachs on April 25, 2016, 03:36:53 AM

I think newbie will try to earn quick money and invest money in ponzi sites or may be gamble with bitcoin, this are the common mistakes made by newbie at primary stage.

Not only ponzi, by gambling also make you suffer of lossing no matter what method did they use.
I'm ever experience that : I'm deposit 0.01 and try to make 0.02 but I got busted by doing 90% chance of winning !

KawaBunGa

sr. member

Activity: 437

Merit: 258

Quote from: Herbert2020 on April 25, 2016, 07:50:37 AM

Quote from: KawaBunGa on April 25, 2016, 01:57:07 AM

Quote from: setupbounds on April 24, 2016, 10:17:46 AM

Keeping the wallet safe if the first thing. since Newbie is new to this and can loss the little money he has. Always use Desktop Wallet.
Best one Electrum and bread wallet.

What can you say about blockchain.info online wallet, if I use 2 factor authorization?

blockchain.info is a web wallet and that makes it unsafe because it is online and being online makes it easy for hackers to steal your secret information like password,... with things like phishing, malware,...

using 2fa makes it harder but it is not 100%
if you want to be sure, use offline (cold) storage.

Thanks, I'll think about it

Herbert2020

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Activity: 1946

Merit: 1137

Quote from: KawaBunGa on April 25, 2016, 01:57:07 AM

Quote from: setupbounds on April 24, 2016, 10:17:46 AM

Keeping the wallet safe if the first thing. since Newbie is new to this and can loss the little money he has. Always use Desktop Wallet.
Best one Electrum and bread wallet.

What can you say about blockchain.info online wallet, if I use 2 factor authorization?

blockchain.info is a web wallet and that makes it unsafe because it is online and being online makes it easy for hackers to steal your secret information like password,... with things like phishing, malware,...

using 2fa makes it harder but it is not 100%
if you want to be sure, use offline (cold) storage.

eddyubachs

hero member

Activity: 812

Merit: 1000

I think newbie will try to earn quick money and invest money in ponzi sites or may be gamble with bitcoin, this are the common mistakes made by newbie at primary stage.

KawaBunGa

sr. member

Activity: 437

Merit: 258

Quote from: setupbounds on April 24, 2016, 10:17:46 AM

Keeping the wallet safe if the first thing. since Newbie is new to this and can loss the little money he has. Always use Desktop Wallet.
Best one Electrum and bread wallet.

What can you say about blockchain.info online wallet, if I use 2 factor authorization?

SquallLeonhart

legendary

Activity: 2464

Merit: 1102

Quote from: setupbounds on April 24, 2016, 10:17:46 AM

Keeping the wallet safe if the first thing. since Newbie is new to this and can loss the little money he has. Always use Desktop Wallet.
Best one Electrum and bread wallet.

Yeah Electrum is the best wallet as it is very secure and safe and which cannot be hacked easily, so your bitcoin will be safe as a newbie he needs to take proper care at a initial stage.

setupbounds

hero member

Activity: 910

Merit: 509

Keeping the wallet safe if the first thing. since Newbie is new to this and can loss the little money he has. Always use Desktop Wallet.
Best one Electrum and bread wallet.

GailSan

full member

Activity: 140

Merit: 100

I've been scammed a couple of times but my biggest mistakes have been buying a coin right at the peak price before it plummets. That happened a number of times when I first got in to Crypto but I've learned to be very cautious now and can read the buy/sell order books. Not saying I don't still make that mistake but at least I don't panic dump. I've learned that most coins will rise again.

n0ne

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Activity: 2618

Merit: 548

DGbet.fun - Crypto Sportsbook

Quote from: codehtcmail on April 20, 2016, 07:47:38 AM

The biggest mistake of anyone newbie or experienced is to fall for fast rich scams. Some scams are very sophisticated and some scammers will spend years to build trust and then disappear when they think they reached the maximum amount they can swindle.

Yeah it happens through scammed sites which go off without notification. Also I think most newbies who dream of being rich just losses everything through gambling without understanding the reality behind it.

Xenophoto

hero member

Activity: 826

Merit: 502

Quote from: TryAngle on April 19, 2016, 11:30:22 AM

Panic buying and panic selling are easy mistakes to make in bitcoin or in the stock market too.

Indeed, some newbie think that they can make money of trading after 5 minutes (except in some occasions). If you're going to do trading, you have to be patient. You should be able to hold on to your coin for an hour up to 2 days or maybe longer. Trading is not for impatient people.

Topic: MOST COMMON MISTAKES OF A NEWBIE - page 13. (Read 21678 times)