Topic: "What are the biggest mistakes I should avoid as a newbie"? - page 2. (Read 614 times)

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.

You want me to be honest with you? Please don't plagiarized or claim ownership of something you didn't do or write. There are many newbies turn legendary that went from grass to grace and by that I mean account that rank up from newbies after understanding everything about the forum, got all the merit needed only for the account to be ban and you know what happened, they plagiarized when they were newbie without knowing the repercussion only to be investigated about something that happen years back. So don't start on that foot track.

If you want to enjoy this forum, I will advice you to join your local board. You will understand them and perhaps communicate better in the Forum and outside the forum and I'm sure they are going to share you things that are not discussed frequently here and please make sure you are just you, there is no need to suck anyone toe to get anything, the forum is grown by merit, you can get it from anywhere within the forum.

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.

Hmm, that's pretty interesting!
First of all I am warmly welcome to you for being a new here. After that I will elaborate on your question.
 
The biggest mistake you should avoid as a newbie regarding through the forum is that "don't go against the rules and regulations". It so simple If you follow the rules, no problem can arise for you, but if you cross the rules even a little, there is no place for you here. Especially regarding posting. I have often seen newbies use AI. And they understand that no one knows here on the forum, despite this being not the case, here every step of yours is looked at by a senior, if you are taking the wrong step, then you can be kicked out from here. So be careful

Now many beginners do that so they will just feel stressed, like trading in Futures which looks easy but is actually a very risky trade.
Losing all their money in an instant and stressing beginners out.

Careful preparation and some basic knowledge need to be learned, don't just apply the feeling system, it won't help anything.
It took me a long time myself to learn what crypto is and how it works.

Know that every newbie has limitless opportunities. But for you to achieve that, one must start with thorough studies and extensive research about investing, trading, or even mining if you wish to, and lastly how to stay significant in the forum and become a reputable member. My only advice is, never jump into something risky that you are not well-prepared. You will only get frustrated in the end and eventually lost all your money and time for just a wrong decision making.

One of the biggest mistake of a newbie is when you're too gullible believing that someone you think is higher than you and everything they say is right.
So, in investing, you still have a say about that and you need to scrutinize those tips that you'll hear from different people and you don't have to believe them immediately.
You have your own thoughts and you can identify those tips to you if they're good or not. But don't you buy them as soon as you have just heard or read it from anybody.

It is good to always check the comments been made by other members in your thread, it is really helpful because this forum members are always willing to help by providing possible solutions to your questions and this will help you to ask further questions and interact with others to get the right answers you deserve.

This forum is an important forum for Bitcoin and crypto related discussions, you can get all the guidelines you will need relating to crypto and Bitcoin so as to avoid making mistakes while making transactions and also you will learn how to trade and also how to invest in Bitcoin using suitable methods like DCA.

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

There are no main mistakes, but there are many (typical) mistakes that beginners make. Each of these mistakes can harm you and therefore, you should avoid all of them (any of them). To do this, you need to have information, that is, learn and master new knowledge that will allow you to avoid mistakes. There is enough useful information here on the forum. Educate yourself.

If you want to learn about trading and investing then I suggest you to read posts in speculation board and trading discussion board as those boards have enough material that may help you with your trading and investing journey.

However, if you want to learn in-depth about Bitcoin then you may also visit Bitcoin discussion board where you'll find enough posts to learn about Bitcoin and technology behind it.

Hello also op welcome to this forum,,, and of course you are in the right place op yes now of course you can create topics and ask good questions and you can of course learn about crypto and investment here but what is clear is that you have to obey the rules that applies in this forum.

investing and being involved in the world of Crypto is not an easy thing because of course everything contains risks but by joining this forum of course it is the right decision because of course you can learn in this forum and you can see like in the trading discussion thread that you can there. discussing trading and investment, of course you can see threads which contain discussions about investment, but of course what is most widely discussed in this forum is long-term investment in BTC.

but honestly, I am very happy with those of you who have joined this forum and many of our friends here have answered your questions satisfactorily and of course this will definitely be very helpful for you and everyone.

keep learning op because by continuing to learn of course one day you will find success and of course don't give up and if you experience failure try to learn from experience and correct the mistakes you have made.

In my opinion, there are certainly many mistakes that a beginner should avoid, but according to my experience, one of them is that you should not invest in crypto or trade in crypto if you are using money that you are not ready to lose. because investing and trading in crypto carries big risks and the prices are always fluctuating.

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.

As you plan to invest, ensure you understand and prepare for volatility very well because this is another area some investors have issues with. The implication of not understanding bitcoin price volatility is that you will end up being so emotional during every price drop which may prompt you to sell at loss out of fear of losing out on everything.

In bitcoin investment, patience is indeed a virtue. It is very necessary that you understand your investment so you can differentiate between being patient for the right reasons and when you are wasting your time.

Welcome to the forum newbie, here you will learn alot from experienced investors and traders (I.e if you know why you are here). Go through the pinned posts, avoid plagiarism and most importantly avoid negative tags.

You should read this topic to prevent mistakes while on this forum.
https://bitcointalksearch.org/topic/m.7955645

Don't rush into investing without equipping yourself with thorough knowledge about Bitcoin and other crypto assets. Mistakes can be prevented, carelessness will cause great losses. Don't force yourself to do something without knowledge because the consequences will be detrimental to yourself.

Always avoid storing assets in custodial wallets because the risk is very high, recently the Crypto world has been shocked because one of the largest Exchanges in Indonesian was hacked which caused losses of up to $22 million. You need to be careful in Crypto investment, always store assets in non-custodial wallets because you have full control over their funds.

Source: https://x.com/SlowMist_Team/status/1833707952353812782/photo/1

One of the biggest mistake you should avoid as a newbie is quest for get rich quick. This is usually where the problem of most newbies start from because when the desire to be rich overnight overwhelms you, all you will think about are shortcuts to make it come to reality. Some of the possible things you will do include but not limited to investing in shitcoins, going into trading with poor knowledge and information and many others that end up hurting and frustrating you. As a newbie, spend more time learning about bitcoin and if you want to start investing, focus more in bitcoin and try to avoid trading for now.

There is no end to learning and no age to learn. The more you try to know, the more you learn. Maybe you said here that you are an expert, I don't know if you are already in bitcoin forum. However, if you want to invest and trade in crypto, you need to be experienced enough. You cannot trade and invest with little experience. One of the mistakes you need to avoid especially to stay and grow in Bitcoin forums is don't scamming. If you can avoid the deception in you, you can live well and grow here. No one can get ahead by scamming bitcoin forums

I would have said, having to create this thread but, on the note that you only created this thread a couple of days after your registration, it’s fair to assume you’ve gone through a couple of contents before deciding on putting out this one.

I’ll still reiterate that, you shouldn’t make this mistake of thinking that, creating more and more threads adds value to you or makes you valuable on the forum, nope.
The greatest hood you can do is to yourself and that would come in what you’re able to learn on here before what you can give out. I’m essence, read more and don’t make thread creation your first step towards any confusion.

Also, open yourself to be teachable and be ready to accept other people’s views, even when it doesn’t align with yours.

There are mistakes you can make in this forum, and mistakes you can make outside the forum, that is while trying to invest in bitcoins.
In the forum, the mistakes I have seen people make the most is plagiarism, and then trying to be someone they are not. That has gotten most newbies and even old members banned.

Outside the forum while you have started investing in bitcoins, you have to be careful not to make the mistake of making yourself available to scammers and cybercriminals through carelessness.

Researching is your friend. When someone tells you to invest in this and that coin, you don't believe them quickly but instead, you'll have to verify what they say or at least make your research and that's why we keep on telling people to DYOR. Because you won't be fooled by doing that and you don't have control over the markets and that's another reason for you to do it. Investing and trading isn't easy, you can do both but most of the people in the community chooses one and that's to be an investor because it's way easier and you don't have much pressure to take but that doesn't spare you from having one.

One of the mistakes is not following the forum rules that may result in getting banned. Here's some advice for newbies, bitcoin is not what many people think that it is s get rich quick scheme type when it is not at all. There's this other mistakes that newbies might have done which is not keeping their seed phrase safe and sound, storing their funds in an exchange instead of storing their crypto in a non-custodial wallet. Newbies should be aware of the saying "NOT YOUR KEYS NOT YOUR COINS".