Topic: MOST COMMON MISTAKES OF A NEWBIE - page 16. (Read 21698 times)
Faucets are alot of work for little pay, unless you happen to find one of those rotators that only lists "high-paying" faucets, but even then you are only getting fractions of pennies and it could take days or even weeks to even get more than 100k satoshi. Sometimes paid tasks offer better payouts, but newbies might make the mistake of sending the work before the payment is received or at least some form of verification of payment, like with mTurk (Amazon's Paid Task site) where they tell you how much the job is worth, and what must be done to receive payment. Not everyone is as trustworthy and might not send payment after receiving the work.. But che sera, I guess..
The most common mistake of a newbie is they think bitcoin is fast way to earn money/profit without real effort.
They tend to try faucet, giveaway, signature campaign, ponzi, HYIP, gambling, altcoin trading, trading, mining, cloud mining or access deepnet.
this was everything i was planning to do lol, guessing it will take time just like everything. They tend to try faucet, giveaway, signature campaign, ponzi, HYIP, gambling, altcoin trading, trading, mining, cloud mining or access deepnet.
Best post i ever red in bitcointalk thanks for these valuable advices the points included in your advice show that are coming from a real long experience thanks for sharing
You're welcome. Best way to learn is to try it out for yourself, maybe you burn some fingers but they'll grow back. And you won't forget it.
Do not buy into a pump.
If you see a coin skyrocket in a short time that means it is subject to people playing the pump n dump game. These happen all the time and sometimes by sheer luck, other times from due dilligence you will learn to recognize these pumps and keep from getting burned.
more on pnd here:http://www.investopedia.com/ask/answers/05/061205.asp
Also use double security on your accounts on exchanges, 2FA, this will reduce the risk of your account getting hacked considerably. Make it a rule and not an exception.
Do not listen to anybody telling which coins to buy, do your own homework and leave your competition behind in silence.
Never believe in a coin. Whatever intricate story you're presented with, it's pretty much all hoobla and although sometimes well meant, it really never delivers.
Bitcoin is real, the rest not so much but that doesn't mean you can make a couple of bucks here and there.
Best post i ever red in bitcointalk thanks for these valuable advices the points included in your advice show that are coming from a real long experience thanks for sharing If you see a coin skyrocket in a short time that means it is subject to people playing the pump n dump game. These happen all the time and sometimes by sheer luck, other times from due dilligence you will learn to recognize these pumps and keep from getting burned.
more on pnd here:http://www.investopedia.com/ask/answers/05/061205.asp
Also use double security on your accounts on exchanges, 2FA, this will reduce the risk of your account getting hacked considerably. Make it a rule and not an exception.
Do not listen to anybody telling which coins to buy, do your own homework and leave your competition behind in silence.
Never believe in a coin. Whatever intricate story you're presented with, it's pretty much all hoobla and although sometimes well meant, it really never delivers.
Bitcoin is real, the rest not so much but that doesn't mean you can make a couple of bucks here and there.
Do not buy into a pump.
If you see a coin skyrocket in a short time that means it is subject to people playing the pump n dump game. These happen all the time and sometimes by sheer luck, other times from due dilligence you will learn to recognize these pumps and keep from getting burned.
more on pnd here:http://www.investopedia.com/ask/answers/05/061205.asp
Also use double security on your accounts on exchanges, 2FA, this will reduce the risk of your account getting hacked considerably. Make it a rule and not an exception.
Do not listen to anybody telling which coins to buy, do your own homework and leave your competition behind in silence.
Never believe in a coin. Whatever intricate story you're presented with, it's pretty much all hoobla and although sometimes well meant, it really never delivers.
Bitcoin is real, the rest not so much but that doesn't mean you can't make a couple of bucks here and there.
If you see a coin skyrocket in a short time that means it is subject to people playing the pump n dump game. These happen all the time and sometimes by sheer luck, other times from due dilligence you will learn to recognize these pumps and keep from getting burned.
more on pnd here:http://www.investopedia.com/ask/answers/05/061205.asp
Also use double security on your accounts on exchanges, 2FA, this will reduce the risk of your account getting hacked considerably. Make it a rule and not an exception.
Do not listen to anybody telling which coins to buy, do your own homework and leave your competition behind in silence.
Never believe in a coin. Whatever intricate story you're presented with, it's pretty much all hoobla and although sometimes well meant, it really never delivers.
Bitcoin is real, the rest not so much but that doesn't mean you can't make a couple of bucks here and there.
I think that not protecting private keys is an easy mistake for us newbies to make. We need to protect them from hacks but also not lose them.
Most common mistake is clicking on every link they can find,
i believe i was fooled this way few times but thanks god my btcs were secured.
It must be a good practice not to click any unknown URLs. Because there are lot of chances for trojan kind of malware to be injected into your computer or mobile.i believe i was fooled this way few times but thanks god my btcs were secured.
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.
The detail what you are telling is true but i think even Desktop wallet can also be hacked if the link file is a keyloker file then the hacker can access your all details from your computer even the desktop wallet details also and then he will route all your incoming transaction to his wallet. So it is true that dont download the file if you fell that it is not safe.or else use the wallet in other desktop and use other desktop for this work.
Majority of newbies are involved in gambling as they want to multiply their coins in quick time and end up loosing everything.
Newbie should study before doing anything
they don't read more, but do more. so they do mistakes, so did I
I'll admit that the unofficial ones are a bit uncomfortable for me but I'd never imply that the moderators break rules.
They can, they do, and will. I think one of them would be assuming how the system works. I'll admit that I've joined a lot of BTC sites not reading the rules. This time I read rules joining this new site.
Which other sites did you join? I've been meaning to get more BTC related sites to join.Not to say that I like that, but just to say that the fact that Satoshi was actually here is what makes this forum better to me.
I think one of them would be assuming how the system works. I'll admit that I've joined a lot of BTC sites not reading the rules. This time I read rules joining this new site.
Which other sites did you join? I've been meaning to get more BTC related sites to join.Not to say that I like that, but just to say that the fact that Satoshi was actually here is what makes this forum better to me.
I think one of them would be assuming how the system works. I'll admit that I've joined a lot of BTC sites not reading the rules. This time I read rules joining this new site.
Which other sites did you join? I've been meaning to get more BTC related sites to join.Not to say that I like that, but just to say that the fact that Satoshi was actually here is what makes this forum better to me.
I think one of them would be assuming how the system works. I'll admit that I've joined a lot of BTC sites not reading the rules. This time I read rules joining this new site.
Which other sites did you join? I've been meaning to get more BTC related sites to join.Not to say that I like that, but just to say that the fact that Satoshi was actually here is what makes this forum better to me.
I think one of them would be assuming how the system works. I'll admit that I've joined a lot of BTC sites not reading the rules. This time I read rules joining this new site.
Which other sites did you join? I've been meaning to get more BTC related sites to join.I think one of them would be assuming how the system works. I'll admit that I've joined a lot of BTC sites not reading the rules. This time I read rules joining this new site.
Which other sites did you join? I've been meaning to get more BTC related sites to join.
Most common mistake is to believe on Clound mining, Ponzi, HYIP investiment sites. Almost everybody tried it when newbie on BTC world believing to have high returns in short time...
I think one of them would be assuming how the system works. I'll admit that I've joined a lot of BTC sites not reading the rules. This time I read rules joining this new site.
Which other sites did you join? I've been meaning to get more BTC related sites to join.
I think one of them would be assuming how the system works. I'll admit that I've joined a lot of BTC sites not reading the rules. This time I read rules joining this new site.
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