Topic: Something newbies should know about Bitcoin - page 2. (Read 1175 times)
Also, it is important to use a trust-worthy crypto exchange platform. Sooner or later, we will want to transfer some "real-world" money to our bank accounts and buy something. My tip is to look for the most secure websites, since we're talking about your earnings and savings. If I were to recommand a platform like that it would be CoinDeal for sure (you can check their security practices here: https://coindeal.com/security).
The most important thing that every trader (not only newbies) should have is knowledge or information related to the market. By learning more lesson or read about the analysis, they can be able to trade bitcoin or the other coin. When they can get much information from many sources, they can prevent from making a mistake, and of course, they can be able to make a profit. But somehow, although they are already learning many lessons, some of them still get panic especially if the market get dump in the next hour and cannot think about hold the coin and they prefer to sell instant because they don't want to get a lose.
I agree with you as a beginner you have to have a lot of knowledge first and those who are definitely not easy to give up keep getting up even though you are bankrupt if you understand better, ask who has gone through it. Maybe the first salary is not much, but tomorrow will be more because all need a process. And we are practicing to patiently save the bitcoin, don't be tempted by small profits. 
I found this on Twitter, and thought it might be good to share. Every newbie on 2017 - 2018 who came to Bitcoin to invest, who are now holding with a loss, should know that you are here, unknowingly, to be in a revolution.
Do not sell, buy the dip, and HOLD.
https://twitter.com/vcorem/status/1076251118747959296?s=21
Wei Dai invented b-money (weidai.com/bmoney.txt) and published it in 1998, 10 years before Satoshi. Satoshi invented Bitcoin separately. He contacted @adam3us and Adam told him about Dai work. Satoshi wasn't aware of Dai's work before that.
Both b-money and Bitcoin uses Proof Of Work. Satoshi referenced Wei Dai's work (and @adam3us work on POW) in his Bitcoin whitepaper: bitcoin.org/bitcoin.pdf
Wei Dai captured the essence of the Cypherpunk movement in the following email: https://cypherpunks.venona.com/date/1995/02/msg00508.html
"There has never been a government that didn't sooner or later try to reduce the freedom of its subjects and gain more control over them, and there probably never will be one. Therefore, instead of trying to convince our current government not to try, ..."
"we'll develop the technology (e.g., remailers and ecash) that will make it impossible for the government to succeed."
Do not sell, buy the dip, and HOLD.
https://twitter.com/vcorem/status/1076251118747959296?s=21
Quote
Wei Dai invented b-money (weidai.com/bmoney.txt) and published it in 1998, 10 years before Satoshi. Satoshi invented Bitcoin separately. He contacted @adam3us and Adam told him about Dai work. Satoshi wasn't aware of Dai's work before that.
Both b-money and Bitcoin uses Proof Of Work. Satoshi referenced Wei Dai's work (and @adam3us work on POW) in his Bitcoin whitepaper: bitcoin.org/bitcoin.pdf
Wei Dai captured the essence of the Cypherpunk movement in the following email: https://cypherpunks.venona.com/date/1995/02/msg00508.html
"There has never been a government that didn't sooner or later try to reduce the freedom of its subjects and gain more control over them, and there probably never will be one. Therefore, instead of trying to convince our current government not to try, ..."
"we'll develop the technology (e.g., remailers and ecash) that will make it impossible for the government to succeed."
Yeah, it is true, but the newbie came in the end of 2017 when bitcoin already a huge height, and in that time, i saw a lot of people started to invest on bitcoin and in 2018 bitcoin price started to down and these people has still hold bitcoin with a loss.
Actually mistake is, these newbies came on a wrong time, otherwise you can call it is bad luck from them. But once again bitcoin time is starting to go to height.
A beginner must spend their time understanding Bitcoin much better. for me, a beginner must explore various threads in this forum. All information in this forum will be very meaningful to develop the knowledge of someone who is new to Bitcoin. Don't find it difficult to find information out there because everything already exists and is facilitated in this forum. Learn and know bitcoin first and I add learning suggestions that have been experienced by friends or bitcoin friends who know and join the open bitcoin community.
There are lot of things newbies in cryptocurrency need to learn before they invest. They need to know that bitcoin is a coin which has many lovers as well as haters in cryptocurrency. As such, its price may fluctuate at anytime. Aside that, if they really want to make lucrative business then theyve got to hold bitcoins for a period of time.
Right.Bitcoin can give us good profits especially if we always hold it for a long span of time.But still other chose to panic sell and sell them even at a low price which had made them losers in the end.But whatever it is,i hope we can also realize that we are here not just for the profits we get but mainly its all because of revolution. 
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.
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.
There are lot of things newbies in cryptocurrency need to learn before they invest. They need to know that bitcoin is a coin which has many lovers as well as haters in cryptocurrency. As such, its price may fluctuate at anytime. Aside that, if they really want to make lucrative business then theyve got to hold bitcoins for a period of time.
I think newbies should know and should apply the word HOLD because they need to be patience in holding bitcoin. When I was a newbie I'am always rushing my desicion I want to get rich very quick so I loss my capital very quick because of my wrong decisions. When they learn how to buy and hold I think this is a good habit. And reading in this forun is one of important things that they need as a guide.
What about the newbies that buy when bitcoin was 19000$ per one? I feel sorry for them ,its not that they will never recover the lose again its just that it might take longer that expected, they must have lots of patience
It must be very detrimental, I think there are only two things, cut loss or buy back. Although it is certainly a loss. But not the one impossible to return as before.
someone who has to learn about what bitcoin has to learn basically through someone who really understands the basics in bitcoin, then the next step is to learn what crypto currency is and how to find it and how it works, there are many things that must be understood in bitcoin whether you later learn then you learn about trading or investment.
The person you quote from talk about Government working hard to stop it citizens from fully adopting bitcoin. The major reason the coinmarketcap is going down is the Government, they are doing everything possible to paint bitcoin negative in the eyes of the masses. To overpower them, we need a strong and irresistible technology.
In 2017 people were very enthusiastic about crypto because at that time the growth of crypto prices was very high. But now most of these people feel trapped in the current situation of the downward trend in crypto prices. And when the current situation continues, the beginners come again, which of course saves a lot of hopes and dreams if someday the situation will change in a better direction. And I myself am optimistic that the situation will change better.
I hope those who invest in 2017-2018 and suffer financial loss will get their money back. Actually they only need to wait and convert all their altcoin to bitcoin. I don't suggest them to buy the dip because when their thought is not clear then they will make mistakes again, they should calm down, wait and learn.
I found this on Twitter, and thought it might be good to share. Every newbie on 2017 - 2018 who came to Bitcoin to invest, who are now holding with a loss, should know that you are here, unknowingly, to be in a revolution.
Do not sell, buy the dip, and HOLD.
https://twitter.com/vcorem/status/1076251118747959296?s=21
Wei Dai invented b-money (weidai.com/bmoney.txt) and published it in 1998, 10 years before Satoshi. Satoshi invented Bitcoin separately. He contacted @adam3us and Adam told him about Dai work. Satoshi wasn't aware of Dai's work before that.
Both b-money and Bitcoin uses Proof Of Work. Satoshi referenced Wei Dai's work (and @adam3us work on POW) in his Bitcoin whitepaper: bitcoin.org/bitcoin.pdf
Wei Dai captured the essence of the Cypherpunk movement in the following email: https://cypherpunks.venona.com/date/1995/02/msg00508.html
"There has never been a government that didn't sooner or later try to reduce the freedom of its subjects and gain more control over them, and there probably never will be one. Therefore, instead of trying to convince our current government not to try, ..."
"we'll develop the technology (e.g., remailers and ecash) that will make it impossible for the government to succeed."
Well, there are many things that a newbie should know about bitcoin. It is not just about holding your money and knowing when to sell or to buy. Bitcoin is not just about that.Do not sell, buy the dip, and HOLD.
https://twitter.com/vcorem/status/1076251118747959296?s=21
Quote
Wei Dai invented b-money (weidai.com/bmoney.txt) and published it in 1998, 10 years before Satoshi. Satoshi invented Bitcoin separately. He contacted @adam3us and Adam told him about Dai work. Satoshi wasn't aware of Dai's work before that.
Both b-money and Bitcoin uses Proof Of Work. Satoshi referenced Wei Dai's work (and @adam3us work on POW) in his Bitcoin whitepaper: bitcoin.org/bitcoin.pdf
Wei Dai captured the essence of the Cypherpunk movement in the following email: https://cypherpunks.venona.com/date/1995/02/msg00508.html
"There has never been a government that didn't sooner or later try to reduce the freedom of its subjects and gain more control over them, and there probably never will be one. Therefore, instead of trying to convince our current government not to try, ..."
"we'll develop the technology (e.g., remailers and ecash) that will make it impossible for the government to succeed."
Well this is a nice post, I myself didn't even read about what happen and why was this system invented. It is very much fortunate of us that such people had in their minds, the system that brought bitcoin because it did help so many lives. I think it is much better to see the whole event in a documentary.
I found this on Twitter, and thought it might be good to share. Every newbie on 2017 - 2018 who came to Bitcoin to invest, who are now holding with a loss, should know that you are here, unknowingly, to be in a revolution.
Do not sell, buy the dip, and HOLD.
https://twitter.com/vcorem/status/1076251118747959296?s=21
Wei Dai invented b-money (weidai.com/bmoney.txt) and published it in 1998, 10 years before Satoshi. Satoshi invented Bitcoin separately. He contacted @adam3us and Adam told him about Dai work. Satoshi wasn't aware of Dai's work before that.
Both b-money and Bitcoin uses Proof Of Work. Satoshi referenced Wei Dai's work (and @adam3us work on POW) in his Bitcoin whitepaper: bitcoin.org/bitcoin.pdf
Wei Dai captured the essence of the Cypherpunk movement in the following email: https://cypherpunks.venona.com/date/1995/02/msg00508.html
"There has never been a government that didn't sooner or later try to reduce the freedom of its subjects and gain more control over them, and there probably never will be one. Therefore, instead of trying to convince our current government not to try, ..."
"we'll develop the technology (e.g., remailers and ecash) that will make it impossible for the government to succeed."
Well, there are many things that a newbie should know about bitcoin. It is not just about holding your money and knowing when to sell or to buy. Bitcoin is not just about that.Do not sell, buy the dip, and HOLD.
https://twitter.com/vcorem/status/1076251118747959296?s=21
Quote
Wei Dai invented b-money (weidai.com/bmoney.txt) and published it in 1998, 10 years before Satoshi. Satoshi invented Bitcoin separately. He contacted @adam3us and Adam told him about Dai work. Satoshi wasn't aware of Dai's work before that.
Both b-money and Bitcoin uses Proof Of Work. Satoshi referenced Wei Dai's work (and @adam3us work on POW) in his Bitcoin whitepaper: bitcoin.org/bitcoin.pdf
Wei Dai captured the essence of the Cypherpunk movement in the following email: https://cypherpunks.venona.com/date/1995/02/msg00508.html
"There has never been a government that didn't sooner or later try to reduce the freedom of its subjects and gain more control over them, and there probably never will be one. Therefore, instead of trying to convince our current government not to try, ..."
"we'll develop the technology (e.g., remailers and ecash) that will make it impossible for the government to succeed."
Interesting read, thanks 
I found this on Twitter, and thought it might be good to share. Every newbie on 2017 - 2018 who came to Bitcoin to invest, who are now holding with a loss, should know that you are here, unknowingly, to be in a revolution.
Do not sell, buy the dip, and HOLD.
https://twitter.com/vcorem/status/1076251118747959296?s=21
Wei Dai invented b-money (weidai.com/bmoney.txt) and published it in 1998, 10 years before Satoshi. Satoshi invented Bitcoin separately. He contacted @adam3us and Adam told him about Dai work. Satoshi wasn't aware of Dai's work before that.
Both b-money and Bitcoin uses Proof Of Work. Satoshi referenced Wei Dai's work (and @adam3us work on POW) in his Bitcoin whitepaper: bitcoin.org/bitcoin.pdf
Wei Dai captured the essence of the Cypherpunk movement in the following email: https://cypherpunks.venona.com/date/1995/02/msg00508.html
"There has never been a government that didn't sooner or later try to reduce the freedom of its subjects and gain more control over them, and there probably never will be one. Therefore, instead of trying to convince our current government not to try, ..."
"we'll develop the technology (e.g., remailers and ecash) that will make it impossible for the government to succeed."
Well, there are many things that a newbie should know about bitcoin. It is not just about holding your money and knowing when to sell or to buy. Bitcoin is not just about that. Do not sell, buy the dip, and HOLD.
https://twitter.com/vcorem/status/1076251118747959296?s=21
Quote
Wei Dai invented b-money (weidai.com/bmoney.txt) and published it in 1998, 10 years before Satoshi. Satoshi invented Bitcoin separately. He contacted @adam3us and Adam told him about Dai work. Satoshi wasn't aware of Dai's work before that.
Both b-money and Bitcoin uses Proof Of Work. Satoshi referenced Wei Dai's work (and @adam3us work on POW) in his Bitcoin whitepaper: bitcoin.org/bitcoin.pdf
Wei Dai captured the essence of the Cypherpunk movement in the following email: https://cypherpunks.venona.com/date/1995/02/msg00508.html
"There has never been a government that didn't sooner or later try to reduce the freedom of its subjects and gain more control over them, and there probably never will be one. Therefore, instead of trying to convince our current government not to try, ..."
"we'll develop the technology (e.g., remailers and ecash) that will make it impossible for the government to succeed."
one most important point for newbie crypto traders is they should not buy coins in price pump they should buy at dip and keep holding until price pumps buying in fomo zone will put them in long holding
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