Topic: "What are the biggest mistakes I should avoid as a newbie"? - page 4. (Read 1149 times)

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".

Welcome mate, I stumble across numerous topics similar as this whereas learning is not difficult if only you’re willing to know more. Asking questions is important but the one fact I don’t joke with is safety, I don’t know the kind of knowledge your seeking for probably op might be referring to forum knowledge or bitcoin in general, situations when a newbie just buy bitcoin it’s like the best move anyone has done while learning, in this situation buying or learning first is a choice but practice makes perfect. Firstly where and how to store you coin is important like avoid storing your coin in an exchange basically you buy and sell only using and exchange nothing else and as time goes you get to read more from higher rank members about the forum and bitcoin.

Do not enter the market when you are not ready yet. One should be financially, mentally, and emotionally ready before he will risk his time and money in the market, otherwise everything will end up a mess.

Also, do your own research so you won't rely to others for your decision making in the forum. Even following pros and legendaries in the forum won't guarantee your success in the forum and in the market, so always do your own extensive research.

You are welcome mate a lot has already been said by other users of which am encouraging you to take a very good note of them as they are very important in helping you navigate the forum in the most efficient way. However, don't be discouraged for any reason, be very open to learn new things, you must willing in making reading your habit, make researches compared and contrast before making any conclusions, it is also very important to note that plagiarism is a high offense and it is highly prohibited, don't be in a hurry to be like other users that higher than you but take quality time to learn.

It's actually a pleasure to have you among the world largest crypto community on the face of planet earth, and as such, the biggest mistakes you could make as a newbie on this forum are as follows;
1. To chase after Merit for account growth, while forgetting to provide value for forum discussion.

2. To post plagiarism content on the forum without proper referencing, as it's highly prohibited.

3. To think Bitcoin is a get rich quick scheme, because Bitcoin is literally not a get rich quick scheme, but rather an asset of value..

You are welcome to the forum mate
 I want to assure you that all what you need to lean is here, you can click the link provided by some members above to understand some basic principle.  One more thing is that you must be creative and be reasonable. Dont use Ai bot to generate post otherwise you may be kicked out.

I think the best advice the op needs is not far from your reply.

If you’re looking to start your journey on bitcoin it’s better you seek more knowledge about the cryptocurrency market and how it works generally. A lot of links have been provided for you to go through to serve as guidance through your process of learning. Firstly, make you you prioritize privacy and security because those are the two things that when left vulnerable you can lose everything you have owned in crypto. Focus more on investing in bitcoin rather than trading, learn the technology and take your first step of investment in bitcoin after learning the basics, because their guides are more important than owning the bitcoin itself.


Everyone here came to learn about bitcoin and cryptocurrency in general even though the forum was created for bitcoin discussion in specific. The cryptocurrency market is large so other sectors of it are all discussed here so that you’re not left out or not know the happenings around it. You can always ask questions, reply to comments where you can also share your view and understanding on a particular topic. You’ll become better with time, but it depends on your enthusiasm to learn.

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

Avoid trading as a newbie, if you want to trade, learn and become experienced with Bitcoin and cryptocurrency before you would think of, trading is for professionals. Start with investment into Bitcoin and other cryptos with utility case if you would like to dive into the world of altcoins. Lastly, don't trust anyone with your funds such as keeping on centralized exchange platforms, it is liable of getting seized, hacked, go bankruptcy and whatever story that may come up in the crypto space when your coins are gone.

Take your time to learn, you will surely become experienced at some point if you give it your time. Welcome to the largest Bitcoin family.

Doing well in the forum lies a lot on your purpose of joining the forum. If you're here to learn and grow your knowledge on Bitcoin and the blockchain technology that backs it up like you've said, you're in the right place and I'm certaim you won't be misled. Learning how to invest in Bitcoin doesn't take much technical process and just by knowing how Bitcoin volatility works  and getting details on how to invest such that your asset is protected from hackers and those with dark intentions as well as ensuring that you've secured your seed phrase, it's going to be a good foundation you will have to set first.

If you're interested in trading, then it will be best that in addition to whatever information you will be previledged to get from the forum that you attach yourself to someone close to you that's already in the system that can mentor you and walk you through the basics of trading do you don't risk too much as a beginner.

As regarding your stay in the forum, we're a family and as long as you're not breaking any rules that have been outlined and that a lot of people have already suggested that you go through them, you're certainly going to have a good time in the forum. Just avoid the use of AI and don't fake what's not the case. The rest of the guidelines have been pinned in most of the board that you can go through them. Don't be afraid to start, you will get to learn a lot of things as you progresses in the forum.

You can't learn those things you wanted if you don't dig up a lot of information online and there are many of this is available online or in bitcointalk.

But for sure you already got an idea about what you should avoid as a newbie.

Also will share this thread created by reputable individual of this platform here try to check this thread https://bitcointalksearch.org/topic/m.64230160 care to check this thread by @tranthidung many information's to learn there.

welcome to the forum.
are you a Bitcoin researcher? or are you just interested in Bitcoin? actually, you can share your knowledge here. but if you feel still not confident, you can read more. even if you are lucky what you are looking for may be here. if maybe not there after you search for it, you can create a thread like this to create an interesting discussion.

one thing I want to say, do not create a thread if you are not able to end it. meaning if you are satisfied with all the answers, then lock your thread. many beginners create threads and leave them. without even bothering to make a reply to their thread.

I actually meant all the sticky topics in the B&H board, although if something is "sticky" then it is important and worth reading regardless of which board it is in. If every beginner just came to the forum with the idea that maybe all the answers already exist and that they just need to read instead of asking questions, they would already show that they are ready for a new journey. There are of course exceptions, we should never generalize.