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Topic: MOST COMMON MISTAKES OF A NEWBIE - page 21. (Read 21698 times)

legendary
Activity: 3248
Merit: 1070
March 13, 2016, 03:13:02 AM
#7
don't buy coin that are clearly shitcoin, like all those stff that are copy of another great coin and does not offer anything new

and especially do not buy asic altcoin, scrypt, x11/13/15, those are dumped hard by asic, and also do not invest in suspicious ico/heavy premined coin etc...
hero member
Activity: 3094
Merit: 537
Leading Crypto Sports Betting & Casino Platform
March 12, 2016, 10:51:11 PM
#6
Newbies uses web wallet whfch is really not that secure. Try to find a more suitable wallet for you like a desktop wallet hardware wallet , paper wallet or etc. A wallet whch you are the only person who has access to it's privatekey. Also most newbie invest in hyips and ponzi like it's actually a real investment well it's not. They are fraud and eventually they will run with your coins. Also if yo are tradig, don't go with the current hype that every coin is in. Trade coins that has a solid foundation not those coins that the price rise up pretty quickly and ended up as a pump and dump scam.
hero member
Activity: 616
Merit: 500
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March 12, 2016, 10:44:04 PM
#5
Do not use any exchange as wallet so never hoard coins on any of them. After you finish your trading, withdraw your coins somewhere safe (local wallet or at least one where you control private keys). If you are trading altcoins, always do proper research and dont listen ppl from trollbox (consider trading alts as gamble but be smart gambler who always have every possible fact about game).
legendary
Activity: 1218
Merit: 1003
We are the champions of the night
March 12, 2016, 10:20:43 PM
#4
  • 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
hero member
Activity: 1302
Merit: 503
Leading Crypto Sports Betting & Casino Platform
March 12, 2016, 09:47:26 PM
#3
Ahoy there  Smiley
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
are you only asking for the mistakes you may do on yobit in the future or you are asking about common mistakes newbies make in all categories of bitcoin service?
full member
Activity: 196
Merit: 100
March 12, 2016, 08:58:09 PM
#2
Ahoy there  Smiley
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

You can swap it for BTC and buy some mETH on Nuclues.
I would advise you to use escrow because FE is risky and can get you scammed.
newbie
Activity: 6
Merit: 1
March 12, 2016, 08:50:41 PM
#1
Ahoy there  Smiley
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
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