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

lizarder

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Quote from: Ummsha on September 11, 2024, 02:48:14 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!

Simple use your ability to understand the discussion and learn something that can be discussed together by relying on knowledge. Most beginners who come here do not show interest in reading so they discuss based on irrelevant knowledge and instead maintain arguments only based on their own abilities without comparing according to data. No plagiarism and create something interesting based on research and try to appear in a more focused and substantial discussion.

There is a lot of information that can be learned and taken according to your interests and abilities, do not force yourself to look smarter because a wise person will continue to be humble and will prove himself knowledgeable in the ongoing discussion and only in that way can we improve our skills wherever we are.

Su-asa

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You must have gotten the answers to the questions you asked. But will add a little to what others have already said. Although, this is the right step to take as a newbie. However, Bitcointalk is a great community and everyone in this Bitcointalk community bate here to learn and share their thoughts with each others. There are a lot of benefits in joining this community because you would learn many things if only you keep to the rules. You also need to take your time and learn the forum.

Alone055

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Quote from: Franctoshi on December 17, 2024, 12:52:25 PM

Exactly, even another issue I have seen with a newbie in crypto I know personally, Is that his money was wiped from the trust wallet he stored his coins, and he said he didn't click any links via email or anywhere and haven't even sent out funds before and have only deposited, but to his greatest surprise, all funds were wiped, and when I further asked him who created the wallet ,he said it was a friend, that was when I new what went wrong, his friend must have scanned or copied his seed phrases somewhere and use it to wipe his account when he must have forgotten.

Therefore, Op if you're going to create a wallet ensure you do it yourself alone without anyone, and properly copy your seed phrases.
These are simple mistakes some newbies do as well.

This is a classic example of why trusting someone is a bad idea in this era. Even those who pretend to be your friends or well-wishers will stab you in your back when they get the opportunity. This is why I always advise people not to trust anyone, especially when it comes to things that involve money, because money is everything for the majority of people in the world these days, and one can go to any extent to get some extra funds even if they have to deceive a friend or even a relative.

I even avoid discussing things related to finances and my sources of income or how I store my money with friends or relatives because I don't feel safe doing that; it's as simple as that. No one except me knows where my money is, how much I earn, how much I spend, etc. This gives me peace of mind because you won't have unnecessary problems in your life this way.

Believe it or not, money does create unnecessary problems in your life when you have it and let people know about it. Those who are close to you and aren't financially stable will get mad that you are not supporting them financially, and those who aren't that close will try to find ways to get to your funds.

Scarlett_23

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If you want to learn anything, if you know the basics, then that learning is permanent. Similarly, if you want to participate in the forum, then you must gain knowledge about the basics of cryptocurrency. If you know the basics, then you will not be able to work properly in the forum, otherwise there will be a chance of your making mistakes. Once you know the basics, start working slowly. Don't rush too much. Don't talk too much about sheet coins and trading. Make sure your wallet is safe.

I_Anime

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Quote from: Ummsha on September 11, 2024, 02:48:14 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!🙏

When comes to expanding your knowledge or learning about Bitcoin this is the right place to be where you can see nice resources a d folks that can help with your Bitcoin journey, all you have to is to take your time to always research on whatever you wanna know concerning this space, and being active here regularly will help in fasten things up , Bitcoin is a really fun asset , and you can also invest on it by buying a particular portion and holding for Long.

Baki202

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Quote from: GiftedMAN on December 09, 2024, 12:20:24 PM

Learn any good thing you want to know from the forum and her members but try to be original and intentional in anything you do so you don't feel uncomfortable easily, avoid trying to please anybody but learn to tolerate and communicate with each member and don't wake things too seriously when they don't go as planned cause everyone is entitled to their own opinion. Staying active doesn't guarantee you growth in knowledge but staying active and learning and making personal research will help you to understand and grow faster.

This place is one of the best place to be so why not make use of the opportunity here to gather enough knowledge and here they don't judge and it's very easy to learn hear and this are part of the reasons why I said it is a great opportunity to be here the information alone here you won't get it easily talk of the interaction because when it comes to warning against scams and what decisions to take when it comes to cryptocurrency, and it's a place that all opinions count and it matters and if you are wrong about something they will definitely correct you and a lot of people have given up just because of how they were corrected instead of them to learn because no matter how good you are you will still learn, the truth is you can not know it all. We just have to continue to learn that is like something have hold unto.

Franctoshi

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Quote from: Peanutswar on December 17, 2024, 10:57:25 AM

For sure other members have already given you a possible head start here in the community, it's up to you now which path you would like to join I'd recommend focusing in your security first such as the wallet and exchange you will use recently one of the common problem of the newbies are the wallets getting compromised so you must need to secure your device first to avoid hackers stole your money, like do a security patch, avoid links and unknown persons getting attached to make sure you are safe from deceiving, now also the exchange if they are reliable to use or not id recommend use the reputable platform already to less hassle to use it and of course support your country.

Exactly, even another issue I have seen with a newbie in crypto I know personally, Is that his money was wiped from the trust wallet he stored his coins, and he said he didn't click any links via email or anywhere and haven't even sent out funds before and have only deposited, but to his greatest surprise, all funds were wiped, and when I further asked him who created the wallet ,he said it was a friend, that was when I new what went wrong, his friend must have scanned or copied his seed phrases somewhere and use it to wipe his account when he must have forgotten.

Therefore, Op if you're going to create a wallet ensure you do it yourself alone without anyone, and properly copy your seed phrases.
These are simple mistakes some newbies do as well.

Peanutswar

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For sure other members have already given you a possible head start here in the community, it's up to you now which path you would like to join I'd recommend focusing in your security first such as the wallet and exchange you will use recently one of the common problem of the newbies are the wallets getting compromised so you must need to secure your device first to avoid hackers stole your money, like do a security patch, avoid links and unknown persons getting attached to make sure you are safe from deceiving, now also the exchange if they are reliable to use or not id recommend use the reputable platform already to less hassle to use it and of course support your country.

Patikno

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If you know, you know!

Quote from: nickpap on December 14, 2024, 03:25:14 AM

Never put more money into crypocurrency than you can afford to loose.

Money management is really the most important thing in Investment, not only limited to Bitcoin and Cryptocurrency, any kind of investment. Differentiating our funds into several accounts, personally, I divide my monthly salary into three, which is one for daily necessities, one for contingency fund, and one for savings. This saving is the one that I will use for investment.

nickpap

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Quote from: Ummsha on September 11, 2024, 02:48:14 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!🙏

Never put more money into crypocurrency than you can afford to loose.

DiMarxist

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Someone that navigating the internet and show bitcointalk.org will have issue in his registration process. So who guided you? That is for that. If really your are here or learn then you have to do the following which I have also and did in my early days in the forum. If you love reading then you have to check other people's posts and read them, and for doing so, you are leaning. And when you have read and understood what you read and apply it and it se them to educate and teach others then you have learned and it is time for you to pass to others who are newly coming to the forum. To learn and to educate are the two key elements in the forum.
I'm the process of making comments, you might make mistakes and others will correct you. Some will correct you with harsh words while some will polite words but all the same, don't retaliate but learn from the two. Nobody hates you and everyone wants the best from you. Be calmed and learn.

GiftedMAN

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Watch&Pray.

Learn any good thing you want to know from the forum and her members but try to be original and intentional in anything you do so you don't feel uncomfortable easily, avoid trying to please anybody but learn to tolerate and communicate with each member and don't wake things too seriously when they don't go as planned cause everyone is entitled to their own opinion. Staying active doesn't guarantee you growth in knowledge but staying active and learning and making personal research will help you to understand and grow faster.

Perfectbaby

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Quote from: YOSHIE on December 09, 2024, 08:02:25 AM

Quote from: Ummsha on September 11, 2024, 02:48:14 AM

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

You don't need to shy away from mistakes, if you don't make mistakes, if you are really a beginner, see them/other beginners how they navigate this forum, Under your topic post they have shown the rules that must be understood and studied as in general.

For this reason, if you carry out your activities as usual without making mistakes, you will appear calm here, the members here will guide you well, As long as you have the will to ask questions and want to learn, especially about Bitcoin and so on, keep doing positive things and the results you will automatically get will be positive.

He must be dedicated to reading before applying them here and most time what he may want to asked has already been asked, so what he needs is to go through those posts, study them before coming up with questions. It to my knowledge that most start up individuals are not eager to study what they does is just come up with they want to ask and post straight without knowing that similar questions has been asked already.

To grow here:
More time to read
More time to explore
More time to discover
And less moment to post.

If they understand that very correctly then they wouldn't ask much question than reading things across the forum to know what they want/ not want.

Hyphen(-)

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Quote from: Su-asa on December 01, 2024, 07:17:40 AM

One mistake you should avoid is going into crypto without acquiring adequate knowledge. In the crypto space you must take learning as a priority before you can think of enjoying the benefits or earning from it. A lot of newbies don't make proper research before making any investment on crypto, they assume that it's some sort of ponzi scheme where they can just make money overnight. Another thing you shouldn't do is taking irresponsible risks, learning and applying risk management can help you mitigate losses. The last thing you should avoid is impatience.

Exactly, the worse mistake every newbie will make is going into crypto without knowing how it works, and it is happening now because of FOMO. Not just crypto, every investment needs knowledge, but some people seems to skip the learning aspect and go directly without knowledge and understanding, and these people mostly fall victim of making huge mistakes that will make them regret their actions because you cannot get anything perfect even if you know it, talk less of not learning before you go into it.

I always recommend this book for every beginner in cryptocurrency space because this is the same book that gave me the insight and the right knowledge about Bitcoin, and it was recommended for me here, that is why I always recommend the book to newbies because it will give you all the basic knowledge you will need before starting your Bitcoin investment.

YOSHIE

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Quote from: Ummsha on September 11, 2024, 02:48:14 AM

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

You don't need to shy away from mistakes, if you don't make mistakes, if you are really a beginner, see them/other beginners how they navigate this forum, Under your topic post they have shown the rules that must be understood and studied as in general.

For this reason, if you carry out your activities as usual without making mistakes, you will appear calm here, the members here will guide you well, As long as you have the will to ask questions and want to learn, especially about Bitcoin and so on, keep doing positive things and the results you will automatically get will be positive.

Princess Leah

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First off, this is a general Cryptocurrency space where you can get knowledge about Bitcoin and others as well, so to stay longer and understand your purpose of joining this space you need to follow the rules and regulations governing it and the biggest mistake you'll do is going against them, I believe you should've been given links that would direct you those important rules you need to abide to.

Then, the best Cryptocurrency to priotise if you're thinking of Investment purpose should be Bitcoin, learn and understand it then buy and hold as much as you can for a long period, avoid buying those newly launched coins on telegram due to hype or whatever. And most importantly, store your coins in a non-custodial wallet instead of exchanges.

Zoomic

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Quote from: Su-asa on December 01, 2024, 07:17:40 AM

One mistake you should avoid is going into crypto without acquiring adequate knowledge. In the crypto space you must take learning as a priority before you can think of enjoying the benefits or earning from it. A lot of newbies don't make proper research before making any investment on crypto, they assume that it's some sort of ponzi scheme where they can just make money overnight. Another thing you shouldn't do is taking irresponsible risks, learning and applying risk management can help you mitigate losses. The last thing you should avoid is impatience.

Now that the bull run is on, many newbies have already started investing in bitcoins and some altcoins without really understanding the risks involved, the price increase indeed looks attractive. I saw on social media recently where an individual was encouraging his followers to invest in bitcoin because they will make more money during the bull run. This may be true, but what then happens after the bullrun is over and these newcomers witness the bear season, will they live in regrets, run away or still remain optimistic?

My advice to newbies is; what ever you were told about bitcoin or cryptocurrencies in general, still do your own findings, this will save you from regrets.

Su-asa

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One mistake you should avoid is going into crypto without acquiring adequate knowledge. In the crypto space you must take learning as a priority before you can think of enjoying the benefits or earning from it. A lot of newbies don't make proper research before making any investment on crypto, they assume that it's some sort of ponzi scheme where they can just make money overnight. Another thing you shouldn't do is taking irresponsible risks, learning and applying risk management can help you mitigate losses. The last thing you should avoid is impatience.

Orpichukwu

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Quote from: Trêvoid on September 25, 2024, 06:31:22 PM

Use secure wallets, and consider moving your funds to cold storage (offline wallets) for long-term holding. Enable two-factor authentication on your accounts for added security.

Using a cold wallet and adding 2FA to your account is a means to increase security, but it's not entirely the safe heaven. How you handle your cold wallet backup will determine the safety of the funds you have in there because if a third person has access to it, nothing can stop them from getting hold of your coin.

The same thing is applicable to 2FA: either to use it to protect a wallet that allows it or to use it to protect your forum account. The application you use should be secured in order for it to serve its purpose.

Issa56

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Quote from: Forever101 on September 25, 2024, 01:19:40 AM

eagerness to become popular on the forum thereby writing lots of post and replies which maybe referred to as spamming.

Most of them joined the forum just because they heard it that money can be made on the forum here, so they joined with the mindset to rank up, and join campaign. That’s why most of them do post a lot just to receive merit so that their rank can increase, but they don’t know that things don’t really work like that here, it’s not about how many posts you make here, people value quality posts. If you don’t have something useful to say, then it’s just better you don’t even post.

The funniest part is that some of them don’t even write the post themselves, it’s always created by AI for them, which is against the rules, so most people that are desperate to make money here do end up not staying long on the forum here.

Quote from: Forever101 on September 25, 2024, 01:19:40 AM

One more thing, trying to teach when you need to learn as for those who are new to cryptocurrency.

That’s just what lots of newbies do now, that’s why sometimes you will see them create threads teaching people things, but there are always errors in the post. They are supposed to keep calm and keep on learning, but they are always in a rush to post, so they will want to teach.

Topic: "What are the biggest mistakes I should avoid as a newbie"? (Read 1149 times)