MOST COMMON MISTAKES OF A NEWBIE - page 2.

Mauser

hero member

Activity: 1974

Merit: 534

Quote from: stromma44 on July 22, 2016, 12:56:43 PM

As a newbie I lost my coins majority of times in gambling as I was addicted to gambling at that time but now its long time I have not visited any gambling site.

I fully agree. In my opinion the most common mistakes Newbies are doing is gambling away all there Satoshi in hope to reach 1 BTC.

So if you are new and don't want to lose all your Faucet Satoshi again stay away from Gambling and Cloud Mining Sites. As the second biggest mistake is probably falling for ponzi schemes.

stromma44

hero member

Activity: 952

Merit: 1000

As a newbie I lost my coins majority of times in gambling as I was addicted to gambling at that time but now its long time I have not visited any gambling site.

PhilPrime

sr. member

Activity: 378

Merit: 250

BlockChainBroker - The Real Estate Exchange

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

buying a dead coin. and the one that shill member promoting his coin. trading in yobit requires own research about the coin you will invest. it is not bad to listen to suggestion but it is good to decide on your own

Javi_Anibarro

sr. member

Activity: 1540

Merit: 282

tBTC - https://dapp.tbtc.network/

Hi!

Always double check your bitcoin addresses, and pages reputations, also if you trade with people, always check their trust, but know that even so there's a risk

Cresciuanto

sr. member

Activity: 252

Merit: 250

Quote from: Strongkored on July 20, 2016, 05:26:31 AM

Quote from: milewilda on July 17, 2016, 07:01:17 AM

As of today even those early birds on a ponzi site can't even reach their roi because some just operate only a day or 2.. sad to say many newbie like me fall to those kind of hyips but I learned a lesson in every mistake that I make. Well charge it to experience.

Yes indeed common mistakes made newbie is too easy to believe, but 2nd mistakes is newbie never learned or want to listen to people who are more experienced.
For example, once I also believe ponzi sites that will provide great benefits. even though I've read several threads about fraudulent ponzi but still inedible, and in the end I lost my money.
So appeal to newbie never trust sites that promise big profits investment does not make sense such double bitcoin, HYIP, even cloudmining. Because you will just donate your money to fraudsters. Haha

yes that is right if i tell about my personal experience when i was a newbie. i sever time lost my wallet key. i was unable how to use and join a signature campaign. and so many other problems i was facing at that time.

Strongkored

legendary

Activity: 2814

Merit: 1112

Leading Crypto Sports Betting & Casino Platform

Quote from: milewilda on July 17, 2016, 07:01:17 AM

As of today even those early birds on a ponzi site can't even reach their roi because some just operate only a day or 2.. sad to say many newbie like me fall to those kind of hyips but I learned a lesson in every mistake that I make. Well charge it to experience.

Yes indeed common mistakes made newbie is too easy to believe, but 2nd mistakes is newbie never learned or want to listen to people who are more experienced.
For example, once I also believe ponzi sites that will provide great benefits. even though I've read several threads about fraudulent ponzi but still inedible, and in the end I lost my money.
So appeal to newbie never trust sites that promise big profits investment does not make sense such double bitcoin, HYIP, even cloudmining. Because you will just donate your money to fraudsters. Haha

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: krishna1 on July 20, 2016, 03:49:57 AM

When I was a newbie I made a mistake I Invested my Hard earned Bitcoins to a Hyip site and got scammed by the site...

Same here i do lost my precious btc on investing those scam ponzi sites, after that ive learned and never ever joined in ponzi sites again because im afraid to lose my hard earned btc again. Id rather go on trading than to invest again on hyips ponzi and anything is scam.

krishna1

sr. member

Activity: 322

Merit: 250

When I was a newbie I made a mistake I Invested my Hard earned Bitcoins to a Hyip site and got scammed by the site...

Fatanut

legendary

Activity: 1008

Merit: 1060

Quote from: greBit on July 18, 2016, 10:09:56 AM

Quote from: Fatanut on July 18, 2016, 01:22:05 AM

Quote from: Tyrantt on July 17, 2016, 07:44:33 AM

I've been using haspower cloud mining (i think it's that one) and I've made a slight profit, after a month or so after I've completely forgot about it. But I wouldn't recommend using cloud mining, too much of a scam sites.

Having income from Cloud Mining sites are so rare these days. I think you have invested in the site days after they have officially launched it. Good thing for you because most people who invested in cloud mining sites have realized that it's a scam after investing on it. All of them wants to get away from the site after realizing that.

If a site is new then you can expect returns for limited period but you cannot expect that it will pay you regularly in long run, you can earn profits if you withdraw at right time.

Not entirely true. Just because you have invested in a new HYIP, doesn't mean you'll get profit out of it. In some sites, you have to wait 3 months to get your ROI, some even more. They say it's a "lifetime" thing but they wouldn't even let you get your ROI. They would pump the advertisements/promotions and then run away before any one gets ROI. It's also really hard to trust a starting HYIP because you have no idea if they will even pay.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: escrowboy on July 19, 2016, 01:52:39 AM

Quote from: a7goo on July 18, 2016, 12:47:18 PM

I think the most commons errors for newbies are:
- forget the priv key / password seed client
- "earn" with faucet
- forget how btc work

Earning in a faucet site is not a mistake since you can't really "Earn" in a faucet and you are just wasting your time solving captchas for an hour and do realize that you just get small cent.

actually it IS a mistake, maybe not a big mistake but still. because when you claim faucets not only you are wasting your time which is precious more than anything else, but also you are filling your wallet with dust. that will lead to a lot of trouble when you want to spend all those little inputs and have to pay a lot of fee because the transaction would be huge.

escrowboy

full member

Activity: 154

Merit: 100

Quote from: a7goo on July 18, 2016, 12:47:18 PM

I think the most commons errors for newbies are:
- forget the priv key / password seed client
- "earn" with faucet
- forget how btc work

Earning in a faucet site is not a mistake since you can't really "Earn" in a faucet and you are just wasting your time solving captchas for an hour and do realize that you just get small cent.

JumperX

hero member

Activity: 672

Merit: 503

Quote from: a7goo on July 18, 2016, 12:47:18 PM

I think the most commons errors for newbies are:
- forget the priv key / password seed client
- "earn" with faucet
- forget how btc work

That can be some of the mistakes and other mistakes includes investing in ponzi and going for gambling to multiply their coins in quick span of time.

a7goo

member

Activity: 105

Merit: 11

Free Crypto in Stake.com Telegram t.me/StakeCasino

I think the most commons errors for newbies are:
- forget the priv key / password seed client
- "earn" with faucet
- forget how btc work

escrowboy

full member

Activity: 154

Merit: 100

Quote from: DashTron on July 16, 2016, 10:29:03 AM

Cloudmining is the most common mistake a newbie makes.
The big majority loses money with that.

It is since a newbie is gullible and easily attracted with things they see in internet. A too good to be true is already enough to make them believe they will get a good earnings not thinking that there's a big risk they will lose their money by getting scammed.

shashank5119

newbie

Activity: 56

Merit: 0

I have seen many newbies asking for loan without collateral in this forum and getting a negative trust here.This is one of the mistakes newbie do.This give them a bad start in this forum.So i think they should be careful at start and first learn here.

greBit

hero member

Activity: 714

Merit: 500

Quote from: Fatanut on July 18, 2016, 01:22:05 AM

Quote from: Tyrantt on July 17, 2016, 07:44:33 AM

I've been using haspower cloud mining (i think it's that one) and I've made a slight profit, after a month or so after I've completely forgot about it. But I wouldn't recommend using cloud mining, too much of a scam sites.

Having income from Cloud Mining sites are so rare these days. I think you have invested in the site days after they have officially launched it. Good thing for you because most people who invested in cloud mining sites have realized that it's a scam after investing on it. All of them wants to get away from the site after realizing that.

If a site is new then you can expect returns for limited period but you cannot expect that it will pay you regularly in long run, you can earn profits if you withdraw at right time.

Axente

sr. member

Activity: 279

Merit: 250

Quote from: Fatanut on July 18, 2016, 01:22:05 AM

Quote from: Tyrantt on July 17, 2016, 07:44:33 AM

I've been using haspower cloud mining (i think it's that one) and I've made a slight profit, after a month or so after I've completely forgot about it. But I wouldn't recommend using cloud mining, too much of a scam sites.

Having income from Cloud Mining sites are so rare these days. I think you have invested in the site days after they have officially launched it. Good thing for you because most people who invested in cloud mining sites have realized that it's a scam after investing on it. All of them wants to get away from the site after realizing that.

But most newbies see it as their dream only money needed to get more money in return without reall investment. And most of the times won't read about it. Thats why I think its good people put up "watch out for this ponzi" and still you see people investing because they think. It won't hit me.

Fatanut

legendary

Activity: 1008

Merit: 1060

Quote from: Tyrantt on July 17, 2016, 07:44:33 AM

I've been using haspower cloud mining (i think it's that one) and I've made a slight profit, after a month or so after I've completely forgot about it. But I wouldn't recommend using cloud mining, too much of a scam sites.

Having income from Cloud Mining sites are so rare these days. I think you have invested in the site days after they have officially launched it. Good thing for you because most people who invested in cloud mining sites have realized that it's a scam after investing on it. All of them wants to get away from the site after realizing that.

Tyrantt

hero member

Activity: 1022

Merit: 564

Need some spare btc for a new PC

I've been using haspower cloud mining (i think it's that one) and I've made a slight profit, after a month or so after I've completely forgot about it. But I wouldn't recommend using cloud mining, too much of a scam sites.

facepalm

newbie

Activity: 33

Merit: 0

You have cured me from my cloud mining dreams!
Thank you all a lot.

Topic: MOST COMMON MISTAKES OF A NEWBIE - page 2. (Read 21678 times)