"What are the biggest mistakes I should avoid as a newbie"?

NurseHub

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Axioma Holding - Axioma Pay Crypto Card

Quote from: ? on September 11, 2024, 03:48:14 AM

"Hello everyone,

I'm Ummsha by name an accomplished newbie to the world of cryptocurrency. I stumbled very well upon BitcoinTalk while researching Bitcoin and i was impressed by the communities knowledge and passion. I'm eager to learn more about cryptocurrency such as investing, trading, and the technology behind it. I'm looking forward to absorbing informations, asking neccessary questions, and contributing to discussions.Also I will learn to accept my errors or mistakes rather.Please bear with me as I navigate this new space!

Thanks for having me!🙏

Firstly, I will like to welcome you to the forum world. As a newbie too, I'm impressed by this thread because it will also help us learn as our heroes and legendary are willing to educate us more.

One of the things the forum forbids is what they call plagiarism, like you taking a work that basically belongs to someone else without giving a reference to the person or maybe dropping the link to show it wasn't yours.

Another one is using Al to generate a post in the forum. The penalty is actually not likely, so it is good you avoid it. I will also love for you to go through this thread It will help you too.

?

Activity: -

Merit: -

Quote from: _act_ on September 11, 2024, 04:02:31 AM

Start reading the pinned threads on Beginners & help and Meta. These will help you.

Beginners and help: https://bitcointalk.org/index.php?board=39.0
Meta: https://bitcointalk.org/index.php?board=24.0

Important ones are:
Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ
Forum ranks/positions/badges (What do those shiny coins under my name mean?)
Merit & new rank requirements

"Kudos" to you for providing me such links,I appreciate you.

?

Activity: -

Merit: -

Quote from: Ruttoshi on September 11, 2024, 04:00:20 AM

You should read this topic.

https://bitcointalksearch.org/topic/newbies-read-before-posting-1689727

No plagiarism which is copying someone's work and claiming as if it was yours. Instead you should put the link of where you got the content from. It can lead to ban of your account

Don't use AI to generate your post because we are all humans here and not bot. It can lead to account suspension.

Don't keep your coins in an exchange and only use a self custody wallet that is open source to store your bitcoin. Take your time to navigate round the forum to find the boards that you have interest on.

Thank you for your contribution,I will try my best to avoid such things.

lovesmayfamilis

legendary

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✿♥‿♥✿

Quote from: ? on September 11, 2024, 03:48:14 AM

"Hello everyone,

I'm Ummsha by name an accomplished newbie to the world of cryptocurrency. I stumbled very well upon BitcoinTalk while researching Bitcoin and i was impressed by the communities knowledge and passion. I'm eager to learn more about cryptocurrency such as investing, trading, and the technology behind it. I'm looking forward to absorbing informations, asking neccessary questions, and contributing to discussions.Also I will learn to accept my errors or mistakes rather.Please bear with me as I navigate this new space!

Thanks for having me!🙏

"Experienced" newbie should leave the forum. He has a lot of experience, but only in copying and pasting.

https://bitcointalksearch.org/topic/m.64561638

Dzwaafu11

sr. member

Activity: 644

Merit: 350

Quote from: ? on September 11, 2024, 03:48:14 AM

"Hello everyone,

I'm Ummsha by name an accomplished newbie to the world of cryptocurrency. I stumbled very well upon BitcoinTalk while researching Bitcoin and i was impressed by the communities knowledge and passion. I'm eager to learn more about cryptocurrency such as investing, trading, and the technology behind it. I'm looking forward to absorbing informations, asking neccessary questions, and contributing to discussions.Also I will learn to accept my errors or mistakes rather.Please bear with me as I navigate this new space!

Thanks for having me!🙏

You are welcome to the cryptocurrency forum. You have found the best place for everything about bitcoin and other cryptocurrencies. The forum members are always ready to help newbies that are just coming to the forum, so don’t hesitate to ask questions, follow the forum rules and regulations, and other forums have provided links for you that will guide you to operate in the forum.

Read this: https://learnmeabitcoin.com/

Mayor of ogba

sr. member

Activity: 322

Merit: 224

stead.builders

Quote from: ? on September 11, 2024, 03:48:14 AM

"Hello everyone,

I'm Ummsha by name an accomplished newbie to the world of cryptocurrency. I stumbled very well upon BitcoinTalk while researching Bitcoin and i was impressed by the communities knowledge and passion. I'm eager to learn more about cryptocurrency such as investing, trading, and the technology behind it. I'm looking forward to absorbing informations, asking neccessary questions, and contributing to discussions.Also I will learn to accept my errors or mistakes rather.Please bear with me as I navigate this new space!

Thanks for having me!🙏

A lot of links that contain this forum's rules and regulations have been shared with you here. I will advise you to read them to know the right things to do in this forum so that you will not run into problems. When it comes to holding bitcoin, you need a bitcoin wallet, such as an Electrum wallet, which gives only you access to your bitcoin. If anyone has access to your bitcoin wallet seed phrase or private key, you will lose your bitcoin to that person. So you need to keep your bitcoin wallet seed phrase or private key in a place that is free from natural disasters and known to only you so that nobody will have access to your bitcoin wallet seed phrase or private key.

BitcoinBarrel

legendary

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Fill Your Barrel with Bitcoins!

Quote from: Lucius on September 12, 2024, 06:26:18 AM

Quote from: BitcoinBarrel on September 11, 2024, 12:18:18 PM

~snip~
3. Don't use Windows
4. Don't use PayPal

If you are already giving advice about the operating system, you should have given an alternative - a beginner will certainly not just understand that you are advising him about Linux or something else. However, in the context of cryptocurrencies, why would Windows OS be such a problem? I've been using the same one for a decade in combination with cryptocurrencies and no one has hacked me or anything like that...

As for PP, maybe you meant buying cryptocurrencies through that service, so although I don't know if that service works globally, I know that it is possible to send cryptocurrencies to a non-custodial wallet. So I don't see a difference in whether someone bought crypto through CEX or PP, maybe there are just differences in fees.

Windows has many backdoors, spyware, susceptible to various hacks. I would use Ubuntu or at least Mac. Or keep my wallet off my Windows computer if it's a must.

With PayPal, they do not protect users against fraud for what they call "intangible items". That means if you sell BTC for PayPal, the buyer do a chargeback and keep your BTC.

PayPal will not care even if you can prove you got scammed.

AYOBA

full member

Activity: 378

Merit: 154

Quote from: ? on September 11, 2024, 03:48:14 AM

"Hello everyone,

I'm Ummsha by name an accomplished newbie to the world of cryptocurrency. I stumbled very well upon BitcoinTalk while researching Bitcoin and i was impressed by the communities knowledge and passion. I'm eager to learn more about cryptocurrency such as investing, trading, and the technology behind it. I'm looking forward to absorbing informations, asking neccessary questions, and contributing to discussions.Also I will learn to accept my errors or mistakes rather.Please bear with me as I navigate this new space!

Thanks for having me!🙏

@Ummsha you’ve found yourself in a wonderful place, we all gather to lean here I hope you can endure and fellow the rules and regulations given by the moderate of this forum? because a lot of newbie’s like also introduce themselves to this forum, lack of patience and they over do have sent Bach to where they comes from I hope you will not be like this users; The cryptocurrency is all about having a little knowledge that will build you to a right path.

So Mate, if want to become a professional trader and also want to know how the bitcoin investments works is for you to find a time out of your busy and did more research, since you’ve have proven yourself that you have done some research on how the bitcoins investment goes: and it really impressed you and also motivated you with the way you comprehend it well after your research.

Justbillywitt

sr. member

Activity: 336

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Quote from: MarbCoin on September 11, 2024, 06:46:05 AM

And never get into crypto investing if someone randomly contacts you via whatsapp (so-called fake number) and slowly talks you into some kind of investment plan. Chances of losing your money are 100%.

Not just WhatsApp alone, Telegram and every other social media is included. Sometimes these scammers go as far as sending you unsolicited emails, telling you that you have won certain amount of bitcoin. These are ways of manipulating newbies, and unsuspecting newbies do fall for these things. So every newbies has to be aware of this too. And in this season of airdrops it is also important for newbies to know that they are supposed to have an airdrop wallet that's totally different from the wallet that they are storing their bitcoin. We should know that scam comes from different angles and one has to be prepared so you don't fall cheaply to these scammers.

Crypto Library

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Find your Digital Services at- cryptolibrary.pro

Quote from: ? on September 11, 2024, 03:48:14 AM

"Hello everyone,

I'm Ummsha by name an accomplished newbie to the world of cryptocurrency. I stumbled very well upon BitcoinTalk while researching Bitcoin and i was impressed by the communities knowledge and passion. I'm eager to learn more about cryptocurrency such as investing, trading, and the technology behind it. I'm looking forward to absorbing informations, asking neccessary questions, and contributing to discussions.Also I will learn to accept my errors or mistakes rather.Please bear with me as I navigate this new space!

Thanks for having me!🙏

I think the first mistake a newbie makes on a Bitcoin Talk forum is that they are in too much of a rush to rank up. I basically mean they post more and more in a hurry to rank up and many times it appears that they are posting against the forum rules to get more merit and rank up next. And as a result, they get negative feedback from DT members and many times they get banned for posting.
In order to avoid these issues, what you need to do is to firstly follow the rules of the forum and by following the correct rules you will come forward as a genuine user by contributing to the forum. It should be about learning and then sharing and then earning.

dansus021

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Yo hello freen welcome to the forum

All my brother already told you about forum rules and etc. and I think that is enough I'm just saying hello here haha. "What are the biggest mistakes I should avoid as a newbie"? The biggest tip is when it comes to crypto investment just put your money into custodial wallet and second kept the private key safe.

and if you want to learn more about crypto just head to https://academy.binance.com/en

letteredhub

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Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: ? on September 11, 2024, 03:48:14 AM

"Hello everyone,
I'm eager to learn more about cryptocurrency such as investing, trading, and the technology behind it.

For starters What I will advice you to focus your eagerness on now is on investing on your knowledge about bitcoin as a technology and other cryptocurrencies don't be in a rush to go for investing and trading you may be discouraged by the loses you are bound to commit into. A mistake a some newbies make is that they want to remove the L in learning immediately they get to the forum but they fail to understand that you must build yourself through rigorous learning before earning.

DaNNy001

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Leading Crypto Sports Betting & Casino Platform

Quote from: Zigabel on September 13, 2024, 09:41:09 AM

Quote from: ? on September 11, 2024, 03:48:14 AM

"Hello everyone,

I'm Ummsha by name an accomplished newbie to the world of cryptocurrency. I stumbled very well upon BitcoinTalk while researching Bitcoin and i was impressed by the communities knowledge and passion. I'm eager to learn more about cryptocurrency such as investing, trading, and the technology behind it. I'm looking forward to absorbing informations, asking neccessary questions, and contributing to discussions.Also I will learn to accept my errors or mistakes rather.Please bear with me as I navigate this new space!

Thanks for having me!🙏

Learning they say never ends, from day one to the last day you just have to keep learning, that's the only way you may be able to avoid certain mistakes and Also be able to rank up when your contributions are becoming very valuable to the forum, even some persons who have ranked up to the legendary level, they still learn at some point, you have something to learn from them and so do they have something to learn from you, you can be sure that with time you will get to know much better about Bitcoin and it's dynamics so you see opportunities around it and probably make as much as you can off it.

Learning never ends and that's the same with the crypto space because I believe even the so called veterans are still learning everyday but I must say one of the best ways to actually learn is actually learning from the mistakes of others so that you won't actually make them yourself but it's not easy though because sometimes your curiosity plays on and before you know you have also made those mistakes too.

doomloop

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Merit: 584

Quote from: ? on September 11, 2024, 03:48:14 AM

I'm Ummsha by name an accomplished newbie to the world of cryptocurrency. I stumbled very well upon BitcoinTalk while researching Bitcoin and i was impressed by the communities knowledge and passion. I'm eager to learn more about cryptocurrency such as investing, trading, and the technology behind it. I'm looking forward to absorbing informations, asking neccessary questions, and contributing to discussions.Also I will learn to accept my errors or mistakes rather.Please bear with me as I navigate this new space!

Welcome to the forum, Ummsha.

The very first thing that comes to my mind when I hear the word "newbie" is scams and scammers. The reason behind it is simple, I have seen countless newbies getting scammed in this industry because they lack basic knowledge and understanding about things around this industry. So I will give you some suggestions, even though they are very basic, but you might need them in your journey.

First suggestion; always keep in mind that what sounds too good to be true is not true. So whenever you see an offer or an opportunity for investment where you see you are offered unrealistic returns, understand that it's not normal and it could be a trap. Run away from such things in this industry.

Second suggestion; don't get too friendly with strangers over the Internet. You might have a lot of people reaching out, trying to be extremely friendly and helpful on occasion, but you should understand that almost every one of them would have some motive, and the most obvious one is again scamming you, they will do their best to convince you to follow what they tell you only to get something out of you.

Learn Bitcoin

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Instant cryptocurrency exchange with own reserves!

There are two sides,

Avoid doing these as a forum member;

1. Avoid copy-pasting (Plagiarism), which will lead you to get banned.
2. Do not abuse forum features like sending merits to your alternative account.
3. Do not cheat (do not participate in the contest with an alternative account).
4. Do not violate forum rules.
5. Do not rush

As a crypto newbie, avoid doing these things.

1. Do not use Centralized exchanges like Binance as a wallet. (Use Electrum, unstoppable)
2. Do not share the seed phrases of your crypto wallet.
3. Do not invest in something that looks too good to be true.
4. Do not connect your wallet to random websites,
5. Do not trust anyone with your money.

Agbamoni

sr. member

Activity: 434

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Quote from: ? on September 11, 2024, 03:48:14 AM

"Hello everyone,

I'm Ummsha by name an accomplished newbie to the world of cryptocurrency. I stumbled very well upon BitcoinTalk while researching Bitcoin and i was impressed by the communities knowledge and passion. I'm eager to learn more about cryptocurrency such as investing, trading, and the technology behind it. I'm looking forward to absorbing informations, asking neccessary questions, and contributing to discussions.Also I will learn to accept my errors or mistakes rather.Please bear with me as I navigate this new space!

Thanks for having me!🙏

Welcome to the world of cryptocurrency. Let me put it this way, if you want to start an investment don't be pressurized by friends, colleagues, or anyone who claims to be a financial adviser in investment. Learn about it and be well convinced that you are ready and willing to start your investment. This is a mistake that most newbies make when it comes to investment, so it is good that at an early stage you seek for others who have gone through that part to share their experience. I am a victim of starting an investment that was not successful. So i have to learn the hard way and now lucky for me i have been able to grow my portfolio.

In conclusion, do things at your own pace. Don't compete with anyone, don't feel others are way higher than you. With time you will get where you wish to be.

Ojima-ojo

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Quote from: ? on September 11, 2024, 03:48:14 AM

"Hello everyone,

I'm Ummsha by name an accomplished newbie to the world of cryptocurrency. I stumbled very well upon BitcoinTalk while researching Bitcoin and i was impressed by the communities knowledge and passion. I'm eager to learn more about cryptocurrency such as investing, trading, and the technology behind it. I'm looking forward to absorbing informations, asking neccessary questions, and contributing to discussions.Also I will learn to accept my errors or mistakes rather.Please bear with me as I navigate this new space!

Thanks for having me!🙏

Welcome and nice to have you around and be rest assured that you will find everything that you are looking for here as long as knowledge is concerned a d since you are interested in Bitcoin investment, you should read a few threads around the economy or the speculations board there you can fine I good number of threads that you help you to build a good knowledge and skills that will support your Bitcoin investment progress.

Another thing you should know is that, Bitcoin investment need patient and timing to make anything out of it and for that, I will advice you to pay all necessary attention to the timing you need to invest in Bitcoin and how long you will be waiting for your Bitcoin investment to build some form of profits along the line, making sure to take the right action at the right time, because that is what will position you in the right direction and stand to gain from your Bitcoin investment.

Crypt0Gore

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Quote from: BitcoinBarrel on September 11, 2024, 12:18:18 PM

1. Don't keep your coins on exchanges
2. Backup your wallets and seeds
3. Don't use Windows
4. Don't use PayPal
5. Read feedback, don't trust anyone
6. Don't open email attachments or downloads
7. Don't fall for get rich quick or High Yield investments/Ponzi Schemes

Finally! Someone advised people not to use Windows, there are many people telling beginners to download a crypto wallet on their Windows PC, I will never tell a newbie to do such because they are not living under my roof, it is easier to break things using a windows PC, how many warnings can newbies keep up with? Don't click on suspicious links? Can they even tell the difference? I don't think so.

The best advice is beginners need open source wallet on their phones as hot wallet, they should learn how to transact using mobile wallets because they are less safer than running wallets on a windows PC, yet the safest crypto wallet for a newbie is open source hardware wallet.

Every beginner must not be lazy to do some diggings on everything Crypto before taking any steps, the truth is mistakes are very common in the crypto space, and dangers are waiting in every corner you can turn to, if you don't seek for answers first you will fall into the wrong hands.

Oshio-man

jr. member

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Jesus is coming very soon.

Here are some mistakes to avoid as a beginner,
1: Make sure you obey all the rules in this community, once you make up your mind to obey all the rules in this community, I think you will be able to grow to achieve your purpose in this community.
2: No matter what ,try to avoid anything that will make you not to learn bitcoin and crypto because once you have the knowledge and skills of decentralized currency, it will be easy for you to contribute positive things in this community, and people in this community will use your quality post to encourage you with merits which you cannot buy from this community or anywhere but you can earn it through your quality post.

MorganaX

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Quote from: ? on September 11, 2024, 03:48:14 AM

"Hello everyone,

I'm Ummsha by name an accomplished newbie to the world of cryptocurrency. I stumbled very well upon BitcoinTalk while researching Bitcoin and i was impressed by the communities knowledge and passion. I'm eager to learn more about cryptocurrency such as investing, trading, and the technology behind it. I'm looking forward to absorbing informations, asking neccessary questions, and contributing to discussions.Also I will learn to accept my errors or mistakes rather.Please bear with me as I navigate this new space!

Thanks for having me!🙏

Well from my little experience I think the biggest mistake you can make is actually being in a rush to actually invest on a coin just because of the actual hype of that coin and this is what many newbie have continued to make even with so much warning out. I think there is should be proper evaluation of whatever coin you would think of buying because there are lots of shitcoin out there in the market that is ready to swallow your money.

Topic: "What are the biggest mistakes I should avoid as a newbie"? (Read 597 times)