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Topic: Things I wish I knew before starting my crypto journey - page 3. (Read 415 times)

legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
Life is a lesson and what we are exposed too, many of us have learnt lessons from one or two or more things we are exposed too, this can be a past failure or lack of knowledge that led to failure, but we learn to stand and make corrections for the ending to be perfect, poor start does not mean happen ending will not be the end chapter.

4. I even store my coins on wallets like Free wallet which is a very bad one, never knew about centralised and decentralized wallets, I ended losing 1 million doge coin to Free wallet
This has been the mistakes new people that just know about cryptocurrencies do make, my first wallet was coinbase.com, I did not even know there is anything called seed phrase or private key. My second wallet was Coinomi, I did not even know there is anything called close source and open source wallet. I started to know about bitcoin and other cryptocurrencies in November 2019.

But can you tell us further how you lose such huge amount of doge on Freewallet? Although, if it is not your key, it is not your coin, using noncustododial wallet like Electrum and hardware will be perfect.

Just know that you are not late to know all these.
member
Activity: 227
Merit: 24
I had no one and I was so determined to find my ways around and here are the costs

1. In 2017 there are many new altcoins mostly PoW coin and I was so hooked to finding the next big thing another projects that will be like BTC and ETH so I started mining every new coins I saw, as time goes by 95% of those coins end up worthless, I was just luck that few ones survived ( havven protocol, electroneum, Loki)

2. I don't know that with underclocking and overclocking can make you safe power consumption on rigs, I just insert GPU in motherboard and start mining , sadly I did this for two years

3. I never knew that some GPUs are better than the other, I went out to computer store nearby and buying whatever I could get my hands on, HD7770, HD6950, GTX 660 etc

4. I even store my coins on wallets like Free wallet which is a very bad one, never knew about centralised and decentralized wallets, I ended losing 1 million doge coin to Free wallet

If I had a teacher in 2017 maybe I would have escape some of this mistakes? but I had no one and thankful here I am today still standing strong
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