Their biggest issue is don't manage their capital and risk good enough. The market naturally gives you early profit and in crypto beginners can get 40%, 60% after few days or few weeks. Believe me, most of beginners join the market when it is heated and news are everywhere so they get easy profits at beginnings.
Later on, they feel they are genius and let their profit goes away, their capital is eaten up and finally their orders are liquidated.
Topic: What is the biggest issue for beginners ? - page 6. (Read 1689 times)
What is the biggest issue facing you as a beginner in crypto ?
If you talk about crypto, the beginner biggest mistake is that they think they can earn good and easy money from crypto. This is not the case. You can earn good money by trading etc but for that you need to have complete knowledge first. Many people jump in crypto trading with less knowledge and end up losing their hard earned money.
I think one of the biggest issues of the beginners are the would like to earn immediately into the cryptocurrency world some of them have misconceptions like
1. If you join into a crypto-related you can easily earn.
2. This can double your earning
3. No investment
4. 100% safe
Some of them want to go the easiest way, one of the best is to take time to learn and understand.
Also one of the biggest problems for them is the scammers and Ponzi scheme being a newbie you want to earn easily.
1. If you join into a crypto-related you can easily earn.
2. This can double your earning
3. No investment
4. 100% safe
Some of them want to go the easiest way, one of the best is to take time to learn and understand.
Also one of the biggest problems for them is the scammers and Ponzi scheme being a newbie you want to earn easily.
I'd say scams is the biggest problem, even if beginners themselves don't realize it. So many newbies ask in which coin to invest, which bounty to participate in, but they don't even realize how big is the risk of getting scammed in those sorts of things. Newbies and even some more experienced members are giving their money and time to anonymous strangers way too easily. Approach everything in crypto with a healthy dose of skepticism and suspicion - one of the original Bitcoin mottos was "don't trust - verify", but now way to many people think "fast and easy money", and scammers know how to abuse that.
What is the biggest issue facing you as a beginner in crypto ?
The biggest issue I guess for beginners is being so greedy, most of the beginners in crypto tend to be so greedy in crypto thinking that it is just so easy to earn a profit here.
That is why a lot of beginners are getting scam on a lot of platforms because they are greedy to earn an easy profit, and don't have enough experience in earning so they don't know how the market works yet.
Also getting into crypto without having enough knowledge is also a thing that is why beginners get greedy, beginners should realize that it is not so easy to earn to do that they need knowledge, research about crypto on their own, and also get the experience it.
I remember before when I am a beginner in crypto, I have a lot of issues.
The biggest is learning the basics, I admit that I am really dumb before, I literally lost a lot of money before but what I keep saying is "it's okay" because I got that money from some of my gigs online, but it's sick, it's still lost. I blame myself for those mistakes, not learning, not reading, I always think "easy money", but as time goes by, those mistakes I considered them as a lesson.
The biggest is learning the basics, I admit that I am really dumb before, I literally lost a lot of money before but what I keep saying is "it's okay" because I got that money from some of my gigs online, but it's sick, it's still lost. I blame myself for those mistakes, not learning, not reading, I always think "easy money", but as time goes by, those mistakes I considered them as a lesson.
What is the biggest issue facing you as a beginner in crypto ?
Acquiring cryptocurrency, bitcoin in numbers that make it feel like you have a substantial amount of bitcoin.
People who have been into bitcoin for 5+ years have 10s, 100s, or 1000s of Bitcoin. A number that feels more "real world" like the money in your leather wallet or corner bank account. If you start buying Bitcoin today it'll cost you $1800 to own BTC0.10. That doesn't feel like a lot of bitcoin, does it?
Everything else about bitcoin and cryptocurrency is easy...acquisitions is tough.
But here's what you do to resolve that issue...you just start buying small amounts at regular intervals (each week or with each paycheck). Don't worry about the price. Keep the buy in amount relatively the same and slowly you'll build a balance that you can be proud of. It's the way saving is done...it's simple, just takes patience and time.
In my opinion, after a long journey with crypto (since 2014), i can tell you that the biggest issue for every bigenner is the lack of knowledge at first place. One of the biggest obstacles to this knowledge is the confusion that happened to every newcomer between the blockchain.com wallet and the blockchain technology. Almost all beginners start with blockchain.com wallet and when hear about the blockchain technology behind bitcoin they automatically think that it's the blockchain wallet in their devices. What blockchain.com company did by choosing this brand name is so harmful for brginners and forbid them to easy understand other concepts like "blockchain explorer" and "blockchains for altcoins".
The experience in this btt forum is a great treasury for me and for all those who are not English native speakers.
The experience in this btt forum is a great treasury for me and for all those who are not English native speakers.
I totally agree: that happened to me too, my first wallet was the one on blockchain.com
I still maintain it, I have some satoshis there, and although I have switched to other options in my crypto-journey (electrum, ledger hard wallet...) I haven't cancelled it yet for laziness. I will, eventually, but maintaining it for all these years, and that happening to hundreds of new users, is a bit a shame. When you google for blockchain this is the first site you land at.
About this forum, for me this is the real best place to gain knowledge about crypto in general and bitcoin in particular. There is plenty of information in English, but some local forums lack users and, therefore, content, and this is a fact I would be really happy to see improving, because supposes a real entry barrier for those who are not native or don't have the level or patience to deal with the language issue.
What is the biggest issue facing you as a beginner in crypto ?
basically what Trinx01 said. and the issue he mentioned is probably the most common ones where the majority of newbies in crypto experience. although I have throughout the years figured out some of it like securing a wallet, trading or Identifying a fake website. but there are new ones that are coming up and I am still learning and to be honest, I still consider myself a newbie.
I have issues as a beginner of the crypto world is the internet connection(before), I really don't think that internet connection would be so important in cryptocurrency but now thankfully I have now a stable internet connection. I also faces these issues and looking forward that I could solve it all:
Issues I have so far:
1. Some terminologies that I have seen in this forum, but this is not really a problem because I can search it through the internet, it just time-consuming but not a problem at all.
2. I am also worried about how can I really secured my crypto wallet, I am now using electrum. I have search already about this thing but I think it is not enough.
3. Trading, I have tried to trade before in the expert option but I have lost my money, I think I need to gain knowledge first before I am going to try it again.
4. Fake website, don't know yet to identify whether the website is legit or not, especially the investment website.
Issues I have so far:
1. Some terminologies that I have seen in this forum, but this is not really a problem because I can search it through the internet, it just time-consuming but not a problem at all.
2. I am also worried about how can I really secured my crypto wallet, I am now using electrum. I have search already about this thing but I think it is not enough.
3. Trading, I have tried to trade before in the expert option but I have lost my money, I think I need to gain knowledge first before I am going to try it again.
4. Fake website, don't know yet to identify whether the website is legit or not, especially the investment website.
In my opinion, after a long journey with crypto (since 2014), i can tell you that the biggest issue for every bigenner is the lack of knowledge at first place. One of the biggest obstacles to this knowledge is the confusion that happened to every newcomer between the blockchain.com wallet and the blockchain technology. Almost all beginners start with blockchain.com wallet and when hear about the blockchain technology behind bitcoin they automatically think that it's the blockchain wallet in their devices. What blockchain.com company did by choosing this brand name is so harmful for brginners and forbid them to easy understand other concepts like "blockchain explorer" and "blockchains for altcoins".
The experience in this btt forum is a great treasury for me and for all those who are not English native speakers.
The experience in this btt forum is a great treasury for me and for all those who are not English native speakers.
My biggest challenge or issue as a beginner in this industry is Crypto-trade, in fact am not still able to separate my emotions from crypto-trade, almost every-time i usually went with my emotions while trade, i hope i overcome this someday, this has ruined my portion in wealth transfer through Bitcoin. After i resigned from trading cryptocurrency i went into coins staking and i got beaten again, maybe learning and re-learning will be the solution.
About the forum, the biggest issue has always been
* The rules
* Trying to earn
These are the first step that pushes you into the danger of being ban rather easily as, it makes you rush to a hasty participation in a thing you know almost nothing about believing to make the most use of it to earn. Too bad, you get banned even before you know it because in one small hasty actions, you just might fault the rules.
When it comes to the cryptosphere
* It's always about understanding
If you don't understand, how then will you persist and succeed. This is why, the Bitcointalk forum centers it's core value on learning. Should you practice it, you are viable to the forum and the cryptosphere.
* The rules
* Trying to earn
These are the first step that pushes you into the danger of being ban rather easily as, it makes you rush to a hasty participation in a thing you know almost nothing about believing to make the most use of it to earn. Too bad, you get banned even before you know it because in one small hasty actions, you just might fault the rules.
When it comes to the cryptosphere
* It's always about understanding
If you don't understand, how then will you persist and succeed. This is why, the Bitcointalk forum centers it's core value on learning. Should you practice it, you are viable to the forum and the cryptosphere.
Investing in the wrong coins and easily attached to those predictions and suggestions. Like if somebody says that a coin will pump, a newbie has the tendency to buy that coin without even researching. But, they will buy it just because they've heard somebody was telling good things about that coin and what's the future of it. That's the power of words and as a newbie before, I've done that plentiful times but I've learned from the past and don't buy coins easily. It is a requirement to DYOR.
My biggest issue as a beginner in crypto sphere was falling into scams, being clueless about blockchain and it's purpose. I did lose some money while trading and even now i won't say i can really trade, i just buy and hodl bitcoin now as that seem to be the most trusted crypto coin to throw money at and it hasn't failed me yet, I also buy and hodl few alts after doing thorough research about a project.
The biggest most difficult problem that was faced by me when I started -I can call myself new generation cyptocoiner- was trust, before bitcoin I had been faced with advice on joining projects online, ponzi schemes was what I faced mostly but I had this curiousness that comes from first trusting, which I did not have with ponzi schemes, but my first problem was breaking the trust issues about crypto-coin, entirely, but that did not work complete, why? Because I only trust Bitcoin.
I'd say it's the emotionally driven choices. That was my biggest flaw in the beginning. If you get that one fixed, you may do very well. One more thing I've seen around a lot is that so many people make choices based on what other complete strangers think, which is so wrong. I've seen the "a friend told me will boom and make me rich" at least a few hundred times.
Another thing is that a lot of people just cannot be patient and experiment various things without considering the potential consequences. Like, if you want to try out various Bitcoin-related things, purchase Bitcoin worth $10 and do it. But don't invest all your lifetime savings in something you don't understand yet. It may be a bad choice to do so.
Little mistakes in the crypto sphere make for potentially large damages. Documenting yourself, being patient and not letting your emotions influence your choices are a must.
Another thing is that a lot of people just cannot be patient and experiment various things without considering the potential consequences. Like, if you want to try out various Bitcoin-related things, purchase Bitcoin worth $10 and do it. But don't invest all your lifetime savings in something you don't understand yet. It may be a bad choice to do so.
Little mistakes in the crypto sphere make for potentially large damages. Documenting yourself, being patient and not letting your emotions influence your choices are a must.
I am assuming you are talking about the crypto sphere, not about the forum. What I realize from my experience, the biggest issue for a beginner in crypto is a lack of technological knowledge. Beginners have been thinking they can make easy money from crypto, and due to lack of knowledge, eventually they fall into many issues like hack & scams. If we invite someone in crypto then we should teach them a few basic knowledge about crypto how it works. Even beginners don't know which is crypto wallets where they could keep safe their funds. Many beginners think that blockchain and coinbase is an only crypto wallet. That's the reason I think lack of crypto knowledge is the main issue for a beginner.
I have issues as a beginner of the crypto world is the internet connection(before), I really don't think that internet connection would be so important in cryptocurrency but now thankfully I have now a stable internet connection. I also faces these issues and looking forward that I could solve it all:
Issues I have so far:
1. Some terminologies that I have seen in this forum, but this is not really a problem because I can search it through the internet, it just time-consuming but not a problem at all.
2. I am also worried about how can I really secured my crypto wallet, I am now using electrum. I have search already about this thing but I think it is not enough.
3. Trading, I have tried to trade before in the expert option but I have lost my money, I think I need to gain knowledge first before I am going to try it again.
4. Fake website, don't know yet to identify whether the website is legit or not, especially the investment website.
Issues I have so far:
1. Some terminologies that I have seen in this forum, but this is not really a problem because I can search it through the internet, it just time-consuming but not a problem at all.
2. I am also worried about how can I really secured my crypto wallet, I am now using electrum. I have search already about this thing but I think it is not enough.
3. Trading, I have tried to trade before in the expert option but I have lost my money, I think I need to gain knowledge first before I am going to try it again.
4. Fake website, don't know yet to identify whether the website is legit or not, especially the investment website.
What is the biggest issue facing you as a beginner in crypto ?
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