Topic: "What are the biggest mistakes I should avoid as a newbie"? - page 3. (Read 1149 times)

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.

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.

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.

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.

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.

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.

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.

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.

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.