The general mistakes made by People who are new to the bitcoin ecosystem are the failure to do enough research about the crypto space and bitcoin investment. Some also do not understand and know the factors that influence the constant change in the price of Bitcoin. I believe when they get to know these, they will know how to survive in the bitcoin ecosystem....
For someone that too lazy to read then cryptocurrency is not for them as the blockchain evolves everyday and the tech will grow and grow to the new stages. I had a hard time to understand everything. But it enough to know which one is good to hold and bad shit tokens.. 
Topic: Something newbies should know about Bitcoin (Read 1175 times)
The general mistakes made by People who are new to the bitcoin ecosystem are the failure to do enough research about the crypto space and bitcoin investment. Some also do not understand and know the factors that influence the constant change in the price of Bitcoin. I believe when they get to know these, they will know how to survive in the bitcoin ecosystem....
Bitcoin itself is the attraction for newbies 
who wants to enter into the crypto business, and from then to now you have to understand little about the technologies if you have heard about the Bitcoin profit ratio only. Profit is the fruitful result of Bitcoin investment but newcomer must understand the setback and mandatory strategic planning requirement in the crypto business. 
who wants to enter into the crypto business, and from then to now you have to understand little about the technologies if you have heard about the Bitcoin profit ratio only. Profit is the fruitful result of Bitcoin investment but newcomer must understand the setback and mandatory strategic planning requirement in the crypto business. 
If there are still newbies that bought on Bitcoin all time high, then this a good motivation to hold your coins, if you are still at it, those who bought at Bitcoin's high should have all the motivation they need to keep holding and keep believing in Bitcoin, because the wait is kinda frustrating, but I doubt the percentage of those who are still holding it is high.
Well yeah newbies should be aware of government policies, actions and measurements against Bitcoin and any kind of cryptocurrencies.
They will try everything to tax on your profits / balances but in the end you can still escape from them (money laundering kinda?)
Sometimes the government also helps by accepting that they should as well use crypto for their own purposes just as pension funds.
Overall they should ally with enemy to success.
They will try everything to tax on your profits / balances but in the end you can still escape from them (money laundering kinda?)
Sometimes the government also helps by accepting that they should as well use crypto for their own purposes just as pension funds.
Overall they should ally with enemy to success.
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Newbies can do both invest and trading at the same time, but they need to learn about trading so they can make a profit. But yes, most newbies don't want to learn to trade and they only want to make money with fast. Bitcoin itself is not an instant way to get rich, and they need to read from many sources so they can be able to earn profit from trading besides investing.
Most as a way to describe it would be a bit of exaggeration. Of course newbies will be willing to learn anything in trading, because of the same reason. Maybe what they don't want to learn is how to adapt through different trends of the market. Making their mindset always equal to making profit even if it isn't maximized as to what they can potentially do. Newbies still learns but the "most" weren't willing to get out of their comfort zone.
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Newbies can do both invest and trading at the same time, but they need to learn about trading so they can make a profit. But yes, most newbies don't want to learn to trade and they only want to make money with fast. Bitcoin itself is not an instant way to get rich, and they need to read from many sources so they can be able to earn profit from trading besides investing.
Most as a way to describe it would be a bit of exaggeration. Of course newbies will be willing to learn anything in trading, because of the same reason. Maybe what they don't want to learn is how to adapt through different trends of the market. Making their mindset always equal to making profit even if it isn't maximized as to what they can potentially do. Newbies still learns but the "most" weren't willing to get out of their comfort zone.
Basically those who enter the world of crypto and invest in 2017 -2018 are those who are only captivated by the very high rise in bitcoin in 2017 and they expect a quick way to get rich. But in fact the crypto world road doesn't work as they expected. I am sure that if there is still one of those who survives today is experiencing a great sense of panic because they are afraid of losing more. Only one thing I can recommend is to do everything wisely and according to your heart. Keep holding or accepting losses and selling them.
I guess the newbies have 2 ways for self-developing: either invest and hodl or get involved into trading. but trading requires much more time. though investing may really disappoint many people
Newbies can do both invest and trading at the same time, but they need to learn about trading so they can make a profit. But yes, most newbies don't want to learn to trade and they only want to make money with fast. Bitcoin itself is not an instant way to get rich, and they need to read from many sources so they can be able to earn profit from trading besides investing.
I used to encourage newbie to be very careful in choosing coins for trade cause that is most common failures that happen. May we consider to choose the top coins and even the price is high but guaranteed to make gains from them.
The misconception of most newbies is that they take bitcoin investment as a get rich quick scheme and at that are always disappointed when ever the opposite happens, one thing they should learn is how to be patient and hodle cause you only lose when you sell below the cost price and the price of bitcoin is subject to change at any given time.
Yes. Newbies should always bear in mind that in order to be rich with bitcoin, one must exert efforts and hardworks.The market is constantly changing its price so as newbies, they should familiarize the price movement of the market first before making such investments or deciding to sell their coins even when the price is definitely low.I guess the newbies have 2 ways for self-developing: either invest and hodl or get involved into trading. but trading requires much more time. though investing may really disappoint many people
Newbies can do both invest and trading at the same time, but they need to learn about trading so they can make a profit. But yes, most newbies don't want to learn to trade and they only want to make money with fast. Bitcoin itself is not an instant way to get rich, and they need to read from many sources so they can be able to earn profit from trading besides investing.
The misconception of most newbies is that they take bitcoin investment as a get rich quick scheme and at that are always disappointed when ever the opposite happens, one thing they should learn is how to be patient and hodle cause you only lose when you sell below the cost price and the price of bitcoin is subject to change at any given time.
Yes. Newbies should always bear in mind that in order to be rich with bitcoin, one must exert efforts and hardworks.The market is constantly changing its price so as newbies, they should familiarize the price movement of the market first before making such investments or deciding to sell their coins even when the price is definitely low.I guess the newbies have 2 ways for self-developing: either invest and hodl or get involved into trading. but trading requires much more time. though investing may really disappoint many people
At first newbies should know the technology about blockchain, blockchain is the technology of cryptocurrency they should know about that. They also need gain some idea about online market I mean cryptocurrency related market and know how to run these sites which are connected with crypto. And most important is newbies should know about bitcoin and it's way of uses, how to earn and how to invest this in proper ways.
Cryptocurrency is a digital asset that is used as a medium of exchange that is used to send or receive internationally without a third party influence Bitcoin is a peer to peer network and is the first cryptocurrency .We should be careful in investing in Bitcoin we must not invest all that we have since there is a chance for losing .The depreciation may increase with a great rebound for long run investment is a good idea .
Newbie should learn about the history of bitcoin before buying or investing. Because knowledge is everything, you can get rich quickly just by trading in bitcoin, but it takes years of experience to be like that.
The misconception of most newbies is that they take bitcoin investment as a get rich quick scheme and at that are always disappointed when ever the opposite happens, one thing they should learn is how to be patient and hodle cause you only lose when you sell below the cost price and the price of bitcoin is subject to change at any given time.
Yes. Newbies should always bear in mind that in order to be rich with bitcoin, one must exert efforts and hardworks.The market is constantly changing its price so as newbies, they should familiarize the price movement of the market first before making such investments or deciding to sell their coins even when the price is definitely low.
Indeed, beginners in 2017/2018 think they will get rich quick because the media at that time reported that bitcoin has increased many times. But I think now they have understood how crypto works, and they are beginning to understand to be more interested in investing.
Of course newbies before they decides to adopt bitcoin in their lives they a little knowledge.
Unfortunately newbies need to continue study abd learning what is bitcoin important.
Even the viterans bitcoiner until now are continues to learb and gather new information because new tech are not stop to improve.
Unfortunately newbies need to continue study abd learning what is bitcoin important.
Even the viterans bitcoiner until now are continues to learb and gather new information because new tech are not stop to improve.
Its best to know the basics about something before going in,for newbies being able to research and read will be a really great help to get profit on bitcoin unlike those guys who bought bitcoin at 20k without even reading/researching and they are all crying now
It's important that every newbie that enter in crypto is having a knowledge in bitcoin or cryptocurrency before they try any investment or any earnings in crypto. Because if they lack of knowledge they will always lose. They need to understand how risky is in crypto space so it's really important that you have lots of knowledge here and never stop to learn more things.
Newbies should also learn the act of patience and positive attitude.
I have come to realize that for one to be successful in cryptosphere, you will need some doses of patience ,perserverance, positive attitude , shun greed etc.
They need to also understand that panic dumping affects the market but affects them more, as they are the ones loosing.
I have come to realize that for one to be successful in cryptosphere, you will need some doses of patience ,perserverance, positive attitude , shun greed etc.
They need to also understand that panic dumping affects the market but affects them more, as they are the ones loosing.
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