Bitcoin Forum

Ahoy there  :)
Im a beginner with electronic currencies and started using Yobit few days ago
I would like to know what types of common mistakes newbies make and what to avoid in early days

Regards

You can swap it for BTC and buy some mETH on Nuclues.
I would advise you to use escrow because FE is risky and can get you scammed.

are you only asking for the mistakes you may do on yobit in the future or you are asking about common mistakes newbies make in all categories of bitcoin service?

Do not use any exchange as wallet so never hoard coins on any of them. After you finish your trading, withdraw your coins somewhere safe (local wallet or at least one where you control private keys). If you are trading altcoins, always do proper research and dont listen ppl from trollbox (consider trading alts as gamble but be smart gambler who always have every possible fact about game).

Newbies uses web wallet whfch is really not that secure. Try to find a more suitable wallet for you like a desktop wallet hardware wallet , paper wallet or etc. A wallet whch you are the only person who has access to it's privatekey. Also most newbie invest in hyips and ponzi like it's actually a real investment well it's not. They are fraud and eventually they will run with your coins. Also if yo are tradig, don't go with the current hype that every coin is in. Trade coins that has a solid foundation not those coins that the price rise up pretty quickly and ended up as a pump and dump scam.

don't buy coin that are clearly shitcoin, like all those stff that are copy of another great coin and does not offer anything new

and especially do not buy asic altcoin, scrypt, x11/13/15, those are dumped hard by asic, and also do not invest in suspicious ico/heavy premined coin etc...

Don't waste your time on faucets, because it's really waste your time and your earned so small. Always remember your wallet identifier, because many newbies forget about their wallet.

Better to save on a notepad all your password and identifiers on your diferrent wallets. For example is blockchain, you need to copy and save all the details so that if you forgot anything on it , you have a copy of it.

Thank you people for help, this might really help.
Also one thing I learned, never trust anybody on economics board. They sometimes try to pump :)

My mistake with yobit is that I bought few shitcoins with 1 satoshi then I failed to sell it again (forever)
I think yobit had to remove these kinds of altcoins from their system...

Your biggest mistake will be to listen to advice like this and then be left out of pocket, because you bought into a pump n dump scheme. There are currently a lot of ETH pumpers on this forum, trying

to pump the price and getting others to buy, so that they could sell at a profit. Just ignore this advice and do your own research and remember this forum is not a place for financial advice. Bitcoin is

the strongest Crypto currency out there and it has no central figure head to be attacked... this is where other Alt coins are vulnerable.  :P

are you only asking for the mistakes you may do on yobit in the future or you are asking about common mistakes newbies make in all categories of bitcoin service?
[/quote]

Im asking about Yobit mainly
Thank you for all the info

The most common mistake done by a newbie is they start using their  bitcoin on gambling as they want to multiply their coins in a short time and gradually end up loosing everything, so it is recommended to stay away from gambling.

Yes this is worse than a spam, they have several topics related to ETH and this hype is based on ponzi,
for me to earn money somebody must buy at this price..
I believe the project have something unique and good, but this has nothing in common with pump behind it.

yes i found your suggestion very helpful , i don't want to put my bitcoin on gambling because its more on losing

Take note on this and not only in Gambling but also on Ponzi Scheme or other HYIP programs. Scams are everywhere here, be cautious when your btc is involved. Transact with reputable member,better to use escrow in any transactions.

Now i have to ask some offtopic question why blockchain should not be used as wallet? i keep a fair big ammount there never any issues since now

My one piece of advice would have to be: If it looks too good to be true, it probably is. As in, you're not going to be the 1 in a million who happened to invest in the next-big-thing at the right time so you're better off just sticking with 2-3 currencies and monitoring them in detail.

Don't jump into a signature campaign.  Allow some time to learn about the forum and bitcoin's before joining one.  So many hear of "easy" money and try to jump in one and have utter crap posts.  Your time being a low level is unique as you can learn a LOT about bitcoins and also about making a good post.

I personally waited till hero.  Looking back wish full member I would have joined one... but live and learn.  I think full member with it usually paying more is proper level to start joining a signature campaign.

don't enter in a p.a.d neither a ponzi scheme.... lot of people are moving funds to shitcoins and faling into the abyss of ponzi (like bx2.club btcwork, etc... and hundreds of "good" things offering easy return)... this "universe" of btc and alt(shit)coins are full (man, when I say full, I say F.U.L.L) of scammers, this forum and trollbox of exchanges are full of them (you can search a lot of bad things or take a look into gambling section)... just give some attention to those who have some "respect" or those who aren't "burned".

Well as I remember when I was when I try to join a campaign without reading the first page of the post. post only my address and status on bitcoin. After the inform me that this is not how I can join in that campaign felt so embarrass eventhough I can never be seen. Apologized then read the instruction first before joining any campaign which is very important after all..

The biggest mistake I see newbies making is trying to jump into monetary schemes the minute they get into Bitcoin. Do not waste your time on faucets. Do not waste your time on signature campaigns at low levels. You may not earn anything at the start, but knowledge is infinitely more valuable than the lowest forms of online labor. Integrate yourself into the community and ask questions. Giveaways and opportunities will reveal themselves to you naturally. Once you get your footing and understand the ins and outs, you can start looking at ways to earn money.

In my case, I took advantage of many gambling promotions early on. Then I started freelance writing to earn a decent Bitcoin wage. I've also been participating in signature campaigns over time.

majority of member here are not suggest blockchain,info for storing much bitcoin due to it's system always get maintanance, offline or hard wallet better than that, but for spendable amount blockchain maybe the good solution tho

anyways the common mistake of a newbie did is invest their money on hyip programs, nowdays cryptoword are full of with ponzi scheme, my friend just lost 1k in bitcoin on MMM, just sying

The only thing that i can say for you is don't spam with signature advertisement because you will be ban if you do spam in any thread even its not related in the topic.. just always follow the rules in our forum also if you join in any campaign follow their rules.. so that you are in good way and you are far in mistakes..

never lending some money without collateral or you will be given many negative trust

The biggest mistake is keeping coins on exchanges. The number of exchanges that have gone out of business or have been hacked and the exchange has "frozen" your coins, and pays you in dribbles over years is amazing. Off the top of my head, mtgox, vircurex, mintpal, bter, cryptsy have all to varying degrees forfeited people's coins.

Do your trade and then get your money out asap.

What kind of mistakes we talking about ?
Common mistakes on trading
Or common mistakes as newbie on this forum

I'm just gonna assume common mistakes on trading since you only mentioned yobit
Be careful of Altcoin prices, they are sometimes unstable and you need to be careful
And then see who's the developer of the coins, if it's some shady guy who never heard of then i suggest to not invest there

I'm hearing that we shouldn't use exchanges and if we do, we should only put a small amount on them because it's risky.

My mistake when a noob was not understanding bitcoindays and priority. All that dust from faucets can't really be spent because the priority is low and you need to combine huge amounts of it, which means that the output has a large number of bytes and needs a large fee to send.

If you absolutely must collect dust from faucets, use an address from an exchange - then it's their problem how they handle the priority.

I think the biggest mistake is not learning enough about bitcoin before starting to buy some.
Be careful with unstable Altcoins, you can lose a lot of money with those, but if you keep an eye on the price and have a nice buying strategy you'll be fine.

I feel the major mistakes of newbies were making investment into some scam sites without getting guidance from others. Finally ends up in loss, which down the interest of newbies in bitcoin.

Here are the tips :

* Don't invest in Ponzi schemes that guarantee you interest on your bitcoins. ( from my experience  :-\)
* Don't waste much time on faucets as they are not worth it. Instead spa\end some time on this forum and increase rank and earn from sig. campaign
*

Here's some common mistakes of newbie.

1, Invest in ponzi site (Your money will not get doubled if you invest in ponzi ;D)
2, Faucet (You will waste your time/energy here :D)

Mostly newbies are ignorant of knowing what is right and what is wrong in this new system.

Generally they make mistakes by falling into get rich quick schemes which greed lures them in some way as well.

But remember that hard work will always pay off.

Many newbies posting one line posts because they want their status to rise.
And when they realize they don't have much to say, they turns to spam..

Do not mix things like this and different crypto with online money storage such as paypal, use a bitcoin wallet such as blockchain.info

1. Don't get yourself involved in Ponzi unless you know what you are doing, and you are aware that you will only play with what you can afford ( if you decide to play ponzies )
2. Faucets are only a place where you can learn the basic concept of bitcoins not for earning at all, in my opinion though
3. Don't get panic when you see the bitcoin price drops, just be chilled ;D it will rise again soon enough ;D

Dont install any of those new wallets in altcoin section if you are not so sure what are you doing.
 And don't click on newbie link if you get PM from one. And always backup yours files from pc!

Most common mistake is clicking on every link they can find,
i believe i was fooled this way few times but thanks god my btcs were secured.

Watch out for scams !! They plentiful. If its too good to believe then it's certainly going to turn out to be a scam. And noone can really help you on yobit, you not being so clear do you mean trading? Or gambling ? Oh and careful of gambling. Good luck friend welcome to the world of crypto currency.

This place is great for learning and for earning money if you are smart. But if you believe to everyone sooner or later you'll be sorry. Some members are here only for conducting scams if possible. Alts are full !

I think its sending BTC and then asking for exchange immediately when u dont know what confirmation is

Also to add to this is the e-books that sometimes are posted on this site.  I would not touch them for anything.  There is always a reason someone does a ebook vs a post on forum.

Most I think are due to referrral's they use referrals in e-book, and don't have to include non-referral to like on forum.  Or the real nasty are hiding malware, but most I think are due to referrals.

But you should always be careful of links you click, or even more so what you download.

if you are talking about Yobit what we know as altcoin exchanger, perhaps the advice that I give just to stay not panic when prices fall too far and you need to minimize losses or better yet, if put back up at lower price

Always withdraw your coins into a safe and reliable place such as a wallet

Without making a clear study about the various instructions of posting and just giving one word responses seems to be a common mistake of newbies.

Even though the answer is already posted we keep on asking people of "how does this works... how to do this... "

most commons mistake of newbie :
- they think bitcoin unsafe,so they worry about their account.
- they unpatient with bitcoin price,because very fluctuate.
- they too hurry to sell or trade their bitcoin when they have some profit.
- they to hurry to buy when price is going down.

I think it's hard for people that are new at bitcoin to securely create bitcoin addresses and protect the private keys.  I think this may be the most important part of using bitcoin.

most common mistake is getting greedy and trying to hold coins until the top.  sell on the way up people!

Lol, i feel same with you. when i still newbie i always clicking every websites that can earn money, once i wrong clicked and turned into downloading something that i'm not notice.

yes....newbies are often make many mistakes in bitcoin service,market and in this forum too.
but they just have to make some good habit for never effort losses.these are following-

1)never be lasy-its bitcoin network so you just have to be strong and active if you have lot of bitcoin.it's price always down and up.
2)keep you wallet safe-i recommend you that if you are using mobile app wallet you must keep its backup in any safe wallet.so in cause of device format you could backup your wallet.so that i recommend you to make online wallet on blockchain.info
3)unroot your phone-if you are using mobile wallet and also your mobile is rooted you maybe in big trouble. because anyone can attack your mobile wallet if you are rooted.they can still your cookies and lot of information
4)escrow- always use escrow if you are dealing/trading any person to avoid cheating and Frauding.
5)faucets-i show huge amount of newbie started to play faucets for some small satoshi.they pay lot of time and get unexpected satoshi(i mean not worth).so just forget it.
6)Learn before trade-yes if you want to trade on market and many exchange service just see website how to trade how to be safe .which sites are good for this.
7)in bitcoin forum-if you are newbie here just stop to write wow,thanks,me too,any small answer then you will safe otherwise your post quality gone down and finally you banned forever.

hope you understand all thanks!

That kind of newbies think they really need a spoonfeed from the pros. That's why I'm making posts where I can redirect the newbies so I will not spoonfeed again and again.

Spend my time in faucet >:(
I want to spend more time here than at the faucet :'(

Well as I'm early known of bitcoin, I'm try to earn more and more eventhough it contains a risk of lossing ( investing into ponzi for example )
But know , I'm already learned that the past was the best teacher so I'm become a better and more wise to spend my bits more carefully

yeah thats just a waste of time that will not allow you to make some decent money because faucet rewards are really small

my mistake was that i gambled all my money without even thinking and i lost wast amounts of bitcoins unfortunately

Many newbies involve in gambling without proper knowing about the regulations followed in it. Only involving into the gambling discussion gives description on gambling.

Most common mistakes of newbie  is desire to borrow money. Most newbie users post in lending sections without a collateral.

Never mess with faucets, cloud mining, online wallets. Never use markets to store your funds, only to trade/exchange.

Not really a mistake but I see lots of newbies (most likely scammers) begging or making up some bull shit about a charity case. So yeah don't do that :)

Also don't try & get a loan as a newbie, people will give you negative trust on your profile.

Most common mistake of a newbie are ,putting investments in HYIP , gambling .many newbies loss their bitcoins when playing gambling, and third is like me ..doing such as wasting of time 1 month on that time..but you will not be a bitcoiner i think if we dont do claim on faucets ..

That is only true if you are a first world citizen and your minimum wage is actually decent.
For some other countries earnings from signature campaigns are actually very decent compared to standard wages.
So I wouldn't really call that a mistake.

just a little added

+ keep clean up your computer which contain bitcoin wallet from a spyware (a virus which can steal your information include access to your bitcoin wallet)
+ don't be naive many newbies want to get bitcoin in fast way with zero competence.
+ don't click random link anywhere , it probably a malicious ware.

Without proper knowledge in the mining Newbies get into scam sites and lossing the real cash hardly earned through day job.

It must be a good practice not to click any unknown URLs. Because there are lot of chances for trojan kind of malware to be injected into your computer or mobile.

Most common mistake of a newbie is easy to believe what higher rank says even though some of their suggestions are bluffs.

Not only with forum members anywhere we must be careful to deal and especially with unknown people. And one more, for all the bitcoin transactions always going with escrow would be make your transactions more safe.

If you are using a bitcoin wallet make sure you do not give your password to anyone. Your coins might disappear later on.

I was just about to say this as a forewarning. But then I think the original poster wanted to know what the common mistakes in general that a new user makes with bitcoin and not necessarily on this forum.

Begging usually results in the opposite, usually a block from the person youre begging to. I've seen so many kids try to do it...

"I'm a 13 year old kid that likes anime, please tip at *inser address here*"
- I've gotta find this one again. It was hilarious.


EDIT - aaaand I found it. https://bitcointalk.org/index.php?topic=1140855.0

Thank you for your information.Really now i am feeling good by yours all suggestion.now i will never make any such types of misrake.and i suggests all newbies to follow all these instructions.

Yes it is most common among many newbies. It is better to wait till 3 network confirmations for any bitcoin transactions. Even 6 confirmations also better choice if you are ready to wait more and even your buyer.

My best suggestion is stop dreaming about huge profit and wealth. Work hard to earn it. Bitcoin will not make you richer. You may use bitcoin and other altcoins wisely to be rich.

Can you share with us which websites, are you talking about? I didn't had bad experience so far.
But this is not news for me this forum is full of scammers, almost every day you can see member getting negative
trust for asking for loans or they trying to trade without escrow..

Read forum first before proceeding with any trades. There are lot of trolls who simply alerts on false users try to scam. You may gain lot of info from the trolls. And one more point is don't invest in any of the doubler sites. They're pure scam.

Newbie thinks he/she can be rich overnight.

Naivity

Full trust to markets (mt.gox etc)

spamming in signature campaigns and being depressed that they got banned in the forum. It's sad but true, don't spam here. It's not welcomed and somebody will find you and they will..... ban you. XD it's a week at first but if i'm right after that a month or a year and then permaban. Don't spam and you probably won't get bad marks on your record, ever.
Don't do ponzis for fast bitcoin, they will scam you eventually and your money will be lost in oblivion. don't make the same mistake I did just a few months ago.

I have seen many people who got resolution not to click any link even in the forum. They must be using online wallets and and not using any antivirus.But this must be a good resolution everybody needs to follow it to avoid getting into unnecessary trouble.

Yes the rushing towards without confirmation might be ended up with the double spending of same balance. I have recently faced this and the transaction was reversed.

Many members are investing in pre sale crowdfundings, i believe this is very dangerous,
especially now when everybody wants to have bitcoin.

I think newbie wants to grow his coins in a quick time so he chooses to go for gambling at the initial stage, as this is the most common mistake I have noticed, as I also did the same mistake when I was a newbie  ;D

Well, I did think this was gonna be more helpful than not, but once you receive information, place it in the OP so that we may be able to see that information clearer.

That's true majority of us have committed that mistake in the past, but the best thing is to learn from your mistakes and do not repeat the same in future.

I think one of them would be assuming how the system works. I'll admit that I've joined a lot of BTC sites not reading the rules. This time I read rules joining this new site.

Which other sites did you join? I've been meaning to get more BTC related sites to join.

Most common mistake is to believe on Clound mining, Ponzi, HYIP investiment sites. Almost everybody tried it when newbie on BTC world believing to have high returns in short time...

Reddit, and Bitcoin Italia. I'm sure that you've heard of these ones. It's not as great as this forum anyway. I'm upset that I hadn't joined earlier.

I haven't heard of the Italian one, but what is the layout like? What are the rules? Are they any similar to this one?

No, not too similar. When I asked for where the rules were, somebody said to go to Meta and click the unofficial ones. One of them said that the moderators can interpret the rules as they wish so it kinda sounds like there's no rules and this site is like a free for all...


Not to say that I like that, but just to say that the fact that Satoshi was actually here is what makes this forum better to me.

Heh, yeah. The rules are completely nonexistent here. I don't think they realize how bad it is to not actually have concrete rules.

Trust me. They definitely realize it. They just want to give moderators the  opportunity to possibly abuse any kind of diplomatic community they might have here. I am hoping to find some kind of way to make that list of rules more substantiated than before. If I was to have that opportunity, the rules would really have nothing to do with moderators interpreting it however they please. They themselves would also have to follow cement planted rules.

I'll admit that the unofficial ones are a bit uncomfortable for me but I'd never imply that the moderators break rules.

They can, they do, and will.

they don't read more, but do more. so they do mistakes, so did I

Newbie should study before doing anything

Majority of newbies are involved in gambling as they want to multiply their coins in quick time and end up loosing everything.

The detail what you are telling is true but i think even Desktop wallet can also be hacked if the link file is a keyloker file then the hacker can access your all details from your computer even the desktop wallet details also and then he will route all your incoming transaction to his wallet. So it is true that dont download the file if you fell that it is not safe.or else use the wallet in other desktop and use other desktop for this work.

I think that not protecting private keys is an easy mistake for us newbies to make.  We need to protect them from hacks but also not lose them.

Do not buy into a pump.

If you see a coin skyrocket in a short time that means it is subject to people playing the pump n dump game. These happen all the time and sometimes by sheer luck, other times from due dilligence you will learn to recognize these pumps and keep from getting burned.

more on pnd here:http://www.investopedia.com/ask/answers/05/061205.asp (http://www.investopedia.com/ask/answers/05/061205.asp)

Also use double security on your accounts on exchanges, 2FA, this will reduce the risk of your account getting hacked considerably. Make it a rule and not an exception.

Do not listen to anybody telling which coins to buy, do your own homework and leave your competition behind in silence.

Never believe in a coin. Whatever intricate story you're presented with, it's pretty much all hoobla and although sometimes well meant, it really never delivers.

Bitcoin is real, the rest not so much but that doesn't mean you can't make a couple of bucks here and there.

Best post i ever red in bitcointalk thanks for these valuable advices the points included in your advice show that are coming from a real long experience thanks for sharing

You're welcome. Best way to learn is to try it out for yourself, maybe you burn some fingers but they'll grow back. And you won't forget it.

this was everything i was planning to do lol, guessing it will take time just like everything.

Faucets are alot of work for little pay, unless you happen to find one of those rotators that only lists "high-paying" faucets, but even then you are only getting fractions of pennies and it could take days or even weeks to even get more than 100k satoshi. Sometimes paid tasks offer better payouts, but newbies might make the mistake of sending the work before the payment is received or at least some form of verification of payment, like with mTurk (Amazon's Paid Task site) where they tell you how much the job is worth, and what must be done to receive payment. Not everyone is as trustworthy and might not send payment after receiving the work.. But che sera, I guess..  :-\

whether you are using yobit to make a trade? maybe it was a mistake a newbie, because you have to learn about the trade, otherwise you can lose a lot.

when joining this forum, they want to get bitcoin hurry to join the signature campaign, this is clearly wrong, because they do not know about the rules and make a posting spam causing banned.

the worst mistake that i have made with bitcoin as a newbie was investing in those [Suspicious link removed] scams and losing my coins

Worst mistake newbies make is to pull money out of their own wallet and then invest it to obvious ponzi scams especially those HYIP. People should be aware that those does not pay, and if they do, they will close eventually when they get the amount of btc they are targeting.

Trying to mine coins in this current era. ONly the big boys will earn profits with their already cash cow farms.

Newbies just get burned and probably wont roi unless you spent like a million bucks are try to roi before the halfing, probably will not roi still

mistakes are often made newbie when it comes to this forum is to create a thread, then they go away and never come back.

they are too lazy to read, even though all the threads about how to get bitcoin in this forum very much.

My experience as a newbie, I am interested in the investment HYIP because could double bitcoin in a short time, but this is the worst investment of all time. I hope newbie never joined the investment HYIP.

Most common mistakes of a newbie -

- Trusting untrustworthy members & getting scammed
- Gambling all their bitcoin's way
- Keeping too many coins on exchanges
- Keeping bitcoin's on a shitty old PC that isn't clean
- Clicking on bogus links here stupidly

I'm sure there are loads but above are some that came to my mind quickly.

I have a strong feeling that newbie will try to multiply his coins in a quick way and he will find a short cut to achieve that by going for gambling, and turn up loosing at initial stage.

1) Scams
2) Forgotten passwords
3) Clicking on malware ads, and getting infected pc
4) Losing bitcoin walle


etc... Just be careful and disciplined when using bitcoin

True most newbies do it and loss all their hardly earned bitcoin. I too did the same when I made the first entry. Also initially newbies believe in a short term they will become rich as they were part of growing technology.

Haha. Pretty much the same here. The mindset of becoming rich. Well i had that for a while only to realize that it's not actually realistic.

Especially from this forum the most common mistakes when i still newbie is I usually make a wrong with my post, i too often post in my local sub forum. It can make reputation from my account is not good.

Just a added tip, depending on what you use for storing your btc.

If you are running the desktop software remember to at least run your wallet 1 time per week.

Or you will be waiting and wondering why it hasnt loaded after 1 week. You`ll think its stuck, but its simply loading all the blocks like it should.

Also work on knowing how back up your dat.file for restoring your balance.

Trusting easily on ponzi schemes, like investments and doubler. Dont ever trust them because it can make you quit on using bitcoin.

Yeah that's true before i came here in our forum i was newbie and i am faucet claimer too i save more than 0.04 btc in faucet for bout 3 months and i invested it from a site called coinsera i invested all 0.04 onetime make a profit.. the support is very active and he can reply fast.. but after 1 week that i just want to try to withdraw all my profit my withdrawal process  are stuck and i just contact the support never answered my question.. i was searching to any forum and website how can get back my bitcoins in coinsera.. but nothings happen so im stop few weeks to claim bitcoin in faucet..
And stop collecting bitcoin in few weeks i realize that its a natural that you will lose in online and many scammers and ponzi scheams online that we should dont trust any body.. now i was looking for high paying faucet that i can more bitcoins easily and i found microearnings as a source where can see all new faucets.. but i really found a good one signature campaign thats why i stop claming in faucets and i learn that all investment site are scams.

Exactly and you will find many sites at a moment giving you the assurance of doubling your coins in a quick time, but need to be aware before investing into it as almost all sites are frauds.

The most common mistakes of newbies in my observation:

1. Trusting users from the currency exchange section with big amounts without using an escrow.
2. Spamming the Beginners & Speculation section with similar posts and getting banned.
3. Posting referral links.
4. Asking for a loan without collateral.

One more reason is due to the introduction of lot of trusted exchange sites, users easily believe in those fraud sites and looses all their investment.

Trust, trust, trust! Be careful, that's all I'm saying. There's no such thing as an amazing bargain these days, even in the bitcoin/altcoin world. And right when a think crosses your mind that this may be too good to be true, you are probably right. Doublecheck is gold.

Yup, look at all the previous past events.

The most recent one for exchanges is when the altcoin crypsty just locked peoples accounts and the operator of the site just disappears lol.

They often dont know when and which altcoin to buy or sell, its funny to see their messages in the chat

I think gambling is the most common mistake that a newbie does when he is new to the world of bitcoins and end up loosing everything, and also investing in any ponzi sites to multiply his coins in a quick time.

Gambling is the bad selection of newbies. Most newbies doesn't understand the reality behind gambling and just goes on with hope of earning, but when they understand better about gambling their wallet gets empty.

Yeah and the worst part is they feel that they can increase their bitcoin in a quick time by gambling, but they forget the fact that only houses makes the profits.

Gambling
Investing in doubler who promises to double your coins in a quick time
Investing cloud mining

This are the common mistakes of newbies.

trying invest their BTC in alt coins, trying to make some arbitrage between exchanges,  trying buy hash power,  trying to buy a GPU to mining, buy a asic for mining (fist time i bought a asic take 2 months to come to my home (no refounds))

i think this is thw worst mistakes that a newbie does in this days

the only thing a newbie can do is buy on BTC-e and sell on localBitcoins  nothing more (this still safe)

Yeah even I invested in doubler to earn quick profits but then I came to know that I have been cheated and I learned from my mistakes and never repeated the same again.

when i still newbie i always clicking every websites that can earn money, once i wrong clicked and turned into downloading something that i'm not notice.

That's a bad thing about this forum as many users post/message phishing links which can leak your passwords not only of your BCT account but of your other wallets too. Many newbies make a mistake and click on these links as they aren't marked as suspiscious on this forum which should be done.

I think that is very common mistake and majority of us have committed that, its same like visiting a porn site first time as a teenager and keep on  clicking all ads to see more of it in free  ;D

Agree, its most important rule every newbie should follow. Thousands of bitcoins people lost, because they didn't follow that rule.

I don't know about the others but when I was a newbie I invested my coins in a site that was doubling my coins  in 3 days, as usual I didn't receive anything at the end of the day.

Doing low paying jobs like captcha or spamming instead of seeking how to apply their skills or try new.

We'll we're talking about bitcoin here, not job/works etc.

not to mention that doing a job and buying bitcoin is not earning you anything more than you're regular job

the best thing is to have a job and earn bitcoin directly as a side job, bitcoin earning should be seen as a second job imho

Newbies probably spend too much time on faucets and don't get much from them.  However, if the price of a bitcoin goes way up in the future, it could pay off some.

Faucets are good to start off, but if they spend much more time on gambling sites then that is something really to worry, as every one commits this mistake to make quick money.

Panic buying and panic selling are easy mistakes to make in bitcoin or in the stock market too.

I have to put it out there that you need to avoid listening to people on new sites you can earn free BTC or such in order to trade on obit.  I have been a member of them for some time now and I like it.  They have very few issues if any and they are great on fixing them.  Good luck.

Most common mistake of a newbie are ,putting investments in HYIP , gambling .many newbies loss their bitcoins when playing gambling. Like me.

The biggest mistake of anyone newbie or experienced is to fall for fast rich scams. Some scams are very sophisticated and some scammers will spend years to build trust and then disappear when they think they reached the maximum amount they can swindle.

Indeed, some newbie think that they can make money of trading after 5 minutes (except in some occasions). If you're going to do trading, you have to be patient. You should be able to hold on to your coin for an hour up to 2 days or maybe longer. Trading is not for impatient people.

Yeah it happens through scammed sites which go off without notification. Also I think most newbies who dream of being rich just losses everything through gambling without understanding the reality behind it.

I've been scammed a couple of times but my biggest mistakes have been buying a coin right at the peak price before it plummets. That happened a number of times when I first got in to Crypto but I've learned to be very cautious now and can read the buy/sell order books. Not saying I don't still make that mistake but at least I don't panic dump. I've learned that most coins will rise again.  :)

Keeping the wallet safe if the first thing. since Newbie is new to this and can loss the little money he has. Always use Desktop Wallet.
Best one Electrum and bread wallet.

Yeah Electrum is the best wallet as it is very secure and safe and which cannot be hacked easily, so your bitcoin will be safe as a newbie he needs to take proper care at a initial stage.

What can you say about blockchain.info online wallet, if I use 2 factor authorization?

I think newbie will try to earn quick money and invest money in ponzi sites or may be gamble with bitcoin, this are the common mistakes made by newbie at primary stage.

blockchain.info is a web wallet and that makes it unsafe because it is online and being online makes it easy for hackers to steal your secret information like password,... with things like phishing, malware,...

using 2fa makes it harder but it is not 100%
if you want to be sure, use offline (cold) storage.

Thanks, I'll think about it

Not only ponzi, by gambling also make you suffer of lossing no matter what method did they use.
I'm ever experience that : I'm deposit 0.01 and try to make 0.02 but I got busted by doing 90% chance of winning !

so many,and some of that mistake was create by newbie mindset,this is the point. the biggest mistake that common coming to newbie is they are thinking of how to earn bitcoin fastly and easily,they should think how to know more and more about bitcoin,and way to earn bitcoin will opened.

Nowadays, I think the most common mistake is not actually trying to figure out whether or not Bitcoin is right for you. Most people look at Bitcoin as a way to make money fast, when it is not at all. Then they get rather impatient and frustrated and it's not healthy. The false conception of being able to make money fast should probably stop.

 while bitcoin is in the mid 400 to 500 range is it a bad idea to buy a little each week not looking for short term profit but acquiring as many bitcoins as possible for future value ie 10-20 yrs when bitcoin may be 5k, 10k, 50k??

For newbies dont waste time with faucets and cloud mining

Also be careful  with ponzi investment schemes

some newbies are so greedy to lend a bitcoin in lending section and want to trade with paypal to bitcoin in currency exchange section.

Don't buy anything or listen to anyone

all small shit coins are exactly that.

Stick to quality coins that are at least a year old with active devs with plans for future
and implementation of past plans (slight delays are not the end of the world)

An active thread with a god community.
Low mintage & no preimine is also a good kicker,

ETH might look good but they can keep raising the mintage as many times as they please.

some coins fitting the good bill currently are WBB, TX, DASH maybe Verge?

Buy them on a dip and hold them for 6 -8 months, Get active in the community.

If a big high comes sell for sure

but getting caught in the scam coin cycle is biggest noob mistake,

Patience & research makes you $$$$

I think the most common probelm with NEwbie is the lack of knowlegden chosing the wallets, investmnet schemes, gambling site etc

Many new members coming here to earn money quickly and without any effort, so when they don't succeed the abandoning bitcoin forever, and this is mistake. Don't involve yourself in bitcoin because of money, at least you must know what are you doing.

i agree with you, thats the common mistakes that only newbie can do,, i dont know if theres a high rank here that do this kind of mistakes done by newbies. ;D ;D

Majority of newbies are involved in gambling as they want to multiply their coins in quick time and end up loosing as they have no experience  :-[

try not to buy alt-coins with your hard earned money before doing due diligence.
I learned this the hard way, I hope you don't make the same mistake.

Don't buy alt-coins because someone in the forum tells you it is the next bitcoin. You will always buy at the peak if you listen to people for their 'advice'.
You should do a research on the altcoin before you are buying. It is your own money you are investing and not theirs.

Newbie should read the rules carefully on this forum.

experience user in a non-pure gambling scenario are able to maintain a +ev profile for a long term and never get broken, just take a look at phil in poker or any other big player that have accumulated a fortune

Dice gambling or other kinds of luck gambles is only strategies by constant observing and individual styles. But in sports its more likely you can win most of the time because if you know your team. Know their own styles and comfort zones. And that is better than just hoping on some pure luck.

yes sports betting entirely depends on your strategy, if you have knowledge of the team. I believe it could make a chance to win a greater.

Today i have learned that not only newbie falling on false stories..People must educate themselves. Don't believe to false prophets, don't listen mainstream media's hungry for news, no matter if they are good or bad or false. News are sold for good money.

For me, it's not a waste of time if they are into faucets. They can still get profit from it specially when they have many referrals to it.
Cloud mining I would say, yes. This is just a waste of time for newbies and lack of knowledge into it.

like what they said learn from your mistakes, so that you will never do it again.
if youre a newbie and commit a mistake well i think its alright.everybody commits a mistake on thier first time

Just like me , I learned from my mistake. And it is a common mistake for newbies that they are thinking that they can get big profit from investing to ponzi's.
I learned my lesson there that all ponzi's we're just scam. So, when it happened to me, I didn't try to invest there again.

ive never tried joining on those ponzis. cause im not a risk taker,
im happy earning on games and apps on playstore that gives btc, and especially on sig campaigns

That's good to know that you didn't became a victim of those scamming schemes.
Wow, could you send me the details of how to earn btc by just playing games and using apps on playstore?
I think that is also a common mistake of newbie, that they don't know that there are games that pay when you play them.

With huge amount in hand trying to make money through trading, but due to the low experience level and as a beginner earns less profit compared to an experienced person doing trade with same amount.

dont forget about the saying" beginners luck" im convinced on that saying, when i tried playing dice on fist time. i was so lucky that i turned imy 250 which i get from faucet and make it 250k satoshi.but only for the fisrt time the second time it gives me losses everytime i play.

I can say that one of the most common mistake of a newbie is that when we try to think how easy to earn with bitcoin but in reality it is very hard to earn a single bitcoin. There is no easy way to earn money you have to work it, unless you rob it.

yes it is a common mistake beginners who come here. because they do not have knowledge of it all.
I was also so when a beginner, want to get a free bitcoin, but very difficult. but when I have a lot of knowledge, I can earn a lot bitcoin by way of a free.

You can earn it free from faucets and the most mistake newbie does is that he invests his money into gambling  to make quick money.

Earn bitcoin might be easy if you have skill like design, programming, or something else.
Just offering your skill and tell the community what you can do. So far the highest earning for offering skill is programing, especially for blockchain technology. Take a look on service section, so many people hiring those jobs.

Avoid gambling !!
thats all i can tell you from my experience !  :-\ :'( >:(

The most common mistake of newbies is the money they earned from faucets or received giveaways or given by their friends.
They are investing it to hyip hoping that their money will grow not knowing that it is only a scam.

Yeah funny to see how people thing Gambling is a reasonable way to accumulate BTC's

buying coin shilled by bagholder, that will dump over them

could you be more specific? What happened? I have good experience but i can't say i'm winning all the time, sometimes i'm very lucky but sometimes lose almost few times more than i can afford..But i still in the game..

If you are good in gambling then you can continue with it no need to listen to other, its your money you can invest it according to your wish.

Most mistakes are that newbies didn´t reasearch enought about a coin if it is shit or not.
Many newbies can´t wait till the price go down to buy and buy then at to high price and make looses.

That is one of the mistake for sure but the other mistake newbie does is that he invests his money in some ponzi sites hoping to multiply his coins in quick time.

Newbie can involve in gambling and lose all the coins :(

Yeah and I believe gambling the most common mistake  done not only by a newbie but also by the senior and experienced user of bitcoin to make it big in quick time.

A common mistake is using faucets and thinking you will actually get rich from them which is highly unlikely.

People like that is free as there is no investment needed in faucets, but the fact is as they are new they are not aware how to start off in productive way.

yup i was on it previously and for  a couple of months been playing games and viewing those commercials still got les than 50 cents in my wallet.  anyway that was fun for a start.

This is what also I'm thinking when I'm still a newbie and trying to calculate what I can earn by using faucets. I though 3 digits of satoshi's were already a big amount of bitcoin, but it was all a common mistake.

What about cloud mining?
I just see some contract on OXBTC and the price is good.
What you guys think?
Could anyone give some advice?

i find it hard to understand most of the terms in alt coins. most abbreviations are not found in the newbie help.

One of the fundamental mistakes right there.
Remember m8 always treat those cloud mining websites as potential scam.

This oxbtc is one of them. To good to be true offer should awake suspiciousness.

badbitcoin.org (http://www.badbitcoin.org/thebadlist/#O):
"Oxbtc.com That's Boll-ox btc.
They offer the highest ROI, because they don't have to pay it.
It's just another fake mining scam. 2/6/16"

Its always good to learn new things and also learn from the mistakes, now you are aware that faucet will waste your time and returns would be too less, your electricity cost would be higher then what you earned from faucets.

Thanks for your reply! that's really helpful!
Though i don't have mining there, but i still have some current deposits there, and it does have incomes. should i still leave my btc there?
Also i find they have $100 coupons for user now, should i buy some(little amount) to try it?

buy local coin where many pumper and dumper.newbie also buy these coin for making profit and also lose you r money so first you see the full background thats coin see its development also check its capital,roadmap,its supply so check all about this and completed studied it before buying any coin. 

You don't have need to study the terms in alt coins what most important is you know how to use that alt coins and you know how to trade it. Don't really need to study that abbreviations.

Newbies mistake which I have seen are common in this forum are :

1. Newbies asking for loans of big amounts without offering proper collateral (This gives them an immediate Red Trust)
2. Newbies think of using faucetbox and clicking faucets will make them some BTC (Wrong, as they will lose a lot of time for just a few pennies)
3. Newbies being lured from some scammers to join under them in ponzi cloud mining (Wrong as newbies will never get their investment back, while they will give a power boost to the scammer to make ROI)

Pretty much these are the most basic mistakes I have seen here, but this list is far from complete.

Or some generous newbies providing money for loans without collateral and they end up being scammed most of the times.

I definitely agree with number # 2 I thought also that using faucetbox and clicking faucets will make me more money. And I thought faucetbox is already the bitcoin wallet.

so you mean cloud mining is scam?

I invested quite some coin in a ponzi scam. I believe lots of newbies out there have done that when they first started, too.

Remember that all doublers, triplers or HYIPS are ponzi schemes. They will fail eventually. A newbie should definitely know this before they start investing.

Before we decide to invest our bitcoin into any company, we must know yhat company proof to pay or not scam.
But it is no problem if it is happen when we still newbie, because that experience can be the teacher for us to don't repeat that mistake again.

honest when I newbie, I do invest in HYIP, because I am attracted with high result in a short time.
My friend had already been invested, and he showed proof of payment, so I'll make a decision. but unfortunately. when I invest, the site became a scammer >:(

I think that is the mistake we all did in the past, I also invested my coins in doubler who promised me to double my coins in 3 days, and I am still waiting  >:(

I'm a newbie in the forum/community. What do you guys think of all these ICO's going on. There's lots of them the past weeks. Saw some active ones: Waves, TheDAO, Rise, Mycelium. Is it a good idea to invest in these?

common mistakes for newbies are they  get lured to hyips , dont waste time in hyips which are ponzi and scam , dont invest in gambling, try to find legit sites like mini jobs , task etc.

common mistake as newbie for me is loosing a lot of bitcoin in trading & gambling
don't repeat it

Better for them not to involve into gambling it's just a waste of money.

Your explanation are really helpful, you know i really want to know what's the mistakes on us, which we should avoid it.
Because when i was newbie and i was in yobit and one day my account was blocked so i was surprised because i really didn't know what i have done mistake.

That's some good advice cooldgamer, will be taking note of it.

People learn from their mistakes, as this is the mistake everyone has done when he was a newbie, even I lost many coins at initial stage in gambling, but now I prefer to stay away from it.

3 days a long time in my opinion, I promised only a matter of hours, when it was only 6 hours. but the first 6 hours, their still pay and for the next hour they become a scammer. when it I invest around 0.4BTC >:(
after that I was traumatized and did not want to hear even see sites about hyip!

The biggest mistake a newbie can make is to invest in pump and dump coins. A lot of new members looking to get Bitcoin fast because they missed the Bitcoin train. So they do a lot of risk and they mostly lose.

That can be one of the reason but the major fact is that  they invest their coins in gambling to make it big in quick time which is not possible at all.

Yes this forum is full of information.
If they start by only reading the forum and rules, they will be save on whatever they do later.
Reading and understanding the things is the Key here.

It's probably gambling, as well as getting scammed by people both on and off the forum.

Newbies are especially prone because they are not aware that there is a rank system going on, as well as a trust system. I used to deal with other newbies with negative trust, and I literally ignored others' advice and went without escrow. Of course, I got scammed.

There's a possibility that a Newbie would visit the Investor-based games. He might get amused by the offers that are promised by the promoted scam sites there. Although there are people there like cyptodevil who warns people to not invest, there's a chance that a Newbie will still be a victim. I myself was a victim of Scrypt.cc years ago. I though it'd run forever, but after a week, there's a lot of "issues" on the website. I only get like 10% of my money back.

To all newbies out there, I advise that you guys ignore the Investor-based game before you get tricked by people running ponzi websites.

As I can see at a facebook group about bitcoins. Most members there are basically newbie and they are hoping to get a decent income with hyip.
But, they are all wrong only the first people who joined hyip are going to get a roi.

I don't think that you can trust hyip anymore, as it will surely make you loose your money and never invest in doubler site too, as all of them are ponzi.

Yeah I find it very risky and I'm treating them now a scamming sites, if someone invites about to join their referrals on a ponzi site.
I'm not replying them because it's just only a money burning scheme.

I agree here as even I started off investing in an HYIP website but since I had invested only $1, it was OK. There were users who were received negative ratings for promoting ponzis as well as newbies believed that those sites were
genuinely offering good interest rates. In addition to investor-based games, even gambling can be a method newbies need to stay away from.

it is true, I also see. most of them share the link reff of Ponzi sites and some sites that use cloud mining ponzi system. but they are not wrong, because they are a new user, I am also when it becomes a new user, I was deceived by hyip sites. but if they know this forum, I'm sure they will be aware of it.

I don't know even you will tell them that it is only a scam sites. More of them are keep on proving that it is legit and showing their proofs.
Well I don't mind them anyway. They will just realize it once the site ran from them.
They are just depending on hyip and they think faucet and hyip are the ways of getting btc.

I think the most common mistake made newbie is unwilling to read and analyze the state of the market in advance. Mostly newbie in trading just follow other traders from entering the market. Even a newbie also believe the nonsense of other traders in the chat room.
thank you,

Well that's what you called being laziness, and maybe they aren't serious in entering to trading, since trading is very sensitive and you need
also knowledge on it, even you have enough btc to invest but if you don't have enough knowledge on it you are just wasting your time and money.
And yeah newbies most mistake is this.

the most mistake by newbie maybe is trust invest their bitcoin in ponzi, it's because they want get fast my money. i've do that too but for now i never trust invest my money ponzi better i doing trading bitcoin in exchanger.

I think asking for a loans if you have no valid collateral and asking for a loan with newbie account you will receive negative trust..

of course they will give evidence legit when their site is new, because it will attract many takers. then after a lot of people get stuck them into a scam. so maybe if you are the first investor, you can safely and profitably, but subsequently not.

LOL! Without knowing completely about bitcoin they do the various instructions of posting and just giving one word responses seems to be a common mistake of newbies.

Yeah this is one of the most common mistakes of a newbie. They are thinking that they can get a loan easily by just letting their newbie accounts
as a collateral, well the h could lend you money for a newbie rank account or newly registered account.

but I think sometimes that there are really no new users, but existing users use the new account and tried to be scammed.

Even a higher ranked account will get a negative trust if they ask for a high amount of loan without a valid collateral. I think it's only common sense that you have to offer a collateral if you want to loan from a stranger and people should know that.

I wish I came here first, I got scammed on my first purchase... I rushed it, should have used escrow. Down 2 btc
thanks for the tips

Hey there! I'm a new guy here and also a beginner with bitcoin. I'm not sure this topic is the right place to ask, but I have a question about so-called HYIP programs which are usually claimed to be scam.
If these services are obviously fraudulent, why so many people still fall for that? And how to aviod that? ???

I learnt not to hoard like that the hard way. So everyone listen to this guy he knows the ways.  :P

probably the best way is to lurk for a while even before creating an account (on any forum)
be patient and then create an account.

sometimes limited access if you do not register, register first was not a problem. but most new users are very lazy to read something. so yes read and understand is important. because you will get much benefit from reading

Always try to do the service with escrow maintenance because you can avoid fraudulent services and scam. Recently some weeks before I have got scammed by MRAI user nearly a worth 0.008 BTC. Try to be bit cautious.

For a newbie is better to more read and learn anything for knowledge. It will avoid newbie to do so many mistakes. And the newbie will become more experienced. I agree with you mate.

yup right, and also when new users are sometimes in a hurry to be able to produce, but I think they do not yet fit to be earning. but looking for the experience by reading is the most important thing for new users.

And getting experienced people's thought about bitcoin, that is a good thing for you able to learn and you can lessen the mistake of a
newbie when you are going to get to try earning with bitcoin.
And probably the most mistakes of newbie is that they are not asking for it, or they are shy to ask for it.

Thanks for the advice!

Well escrowing is needed if you are going have a transaction to avoid failure to your transaction.
Good luck for your transactions if you do have.

Newbies uses web wallet whfch is really not that secure. Try to find a more suitable wallet for you like a desktop wallet hardware wallet , paper wallet or etc. A wallet whch you are the only person who has access to it's privatekey. Also most newbie invest in hyips and ponzi like it's actually a real investment well it's not. They are fraud and eventually they will run with your coins. Also if yo are tradig, don't go with the current hype that every coin is in. Trade coins that has a solid foundation not those coins that the price rise up pretty quickly and ended up as a pump and dump scam.
and For a newbie is better to more read and learn anything for knowledge. It will avoid newbie to do so many mistakes. And the newbie will become more experienced.

I think the most common mistake is using HYIP webs for obtain more BTC, you will get scammed in a few days, and gamble your btc immediately. I made the first mistake with my first satoshis (0.01 BTC).


Cheers!

The most common mistake of a newbie is they think bitcoin is fast way to earn money/profit without real effort. They tend to try faucet, giveaway, signature campaign, ponzi, HYIP, gambling, altcoin trading, trading, mining, cloud mining or access deepnet. And usually they regret it later & some of them decided to forget bitcoin. Also, for newbies who join signature campaign, please don't make spam/very short post. I've seen some newbie or jr.

Don't we all thought that there are some ways to earn money without doing much effort and don't require much time? That's why most of us has been a victim of a ponzi site for once or twice. We all thought that those ponzi sites are "legit" sites like they have mentioned. This might be the most common mistake of a newbie.

Another mistake for a newbie in altcoin trading is buying a coin and expecting for the price to rise up or to double in a second or in a minute. I have come to a realization that you have to wait atleast a day or two before you can get real money out of trading. Some even wait for weeks or months when there's a new coin with potential.

I think the most common of newbie is investing on HYIPs with a small amount of bitcoin and asking why their profit is so small lol and they also trying to earn fast bitcoin in gambling sites with a small capital.

Often new couponers are also guilty of going on couponing frenzies. They get so excited about the coupon clipping process that they start clipping every single coupon they see, in hopes that one day they will use or need it! This is not only a waste of time, but it can also cause you to become seriously unorganized. Experienced couponers know that they should only clip coupons that they will actually use. These should be items that your family really needs, not just items you think maybe you could possibly use eventually. Cutting these unnecessary coupons just clutters your binder and gives you more work to do. Plus, these coupons can actually cause you to spend even more money instead of saving it because you may end up buying products you didn’t really need and probably would not have purchased otherwise.

Being a newbie can be daunting, and confusing for some. Most of the time, beginners do a lot of stuff wrong before doing them right. The key is to realize that investment is fraught with risks.

Everyone that starts a new work has big dreams, ambitions, and excitement. But you should learn enough before you start working.

You have to face it just like me. Everyone was a newbie once when the foray into bitcoin forum  began and no doubt there will be hundreds more to come, but I have written these fine words in the hope that you, dear newbie, can get a quick grasp.

Watch out for "investments" and hyips.  Also dont gamble too much actually maybe stay away all together.  Save your coin and swap it for other coins then horde them all.

I think the most common mistake of a newbie are:

1. Getting scammed
2. Using faucets
3. Not buying BTC when it's low.
4. Investing in ponzis.

You gotta understand how bitcoin works as a newbie. Don't go for the quick profits, and go to the dodgy ponzi schemes. Nor should you sacrifice your time for tiny rewards on faucets.

Yeah to be honest i also do that things when i was a newbie and now i realize that's one of my stupid decision. But now i learned the lesson and i'm now using my bitcoin in a smarter way than before.

One of the mistakes of the newbie is gambling their satoshi that they get from faucets and complaining for their loss.

Often new people will fall victim to pretty looking scams like most of the cloud mining website ponzis and even "games" where you deposit and wait and magically you have more money than you did before. And then it's gone.

1. I do not get scammed anything, because I do not make investments
2. use the faucet for newbie I thought its not wrong and still worth
3. I do not buy BTC when low, because I did not have the money to buy
4. I have read that site ponzi investment is very dangerous, so I stay away from it

I think it's the most rarer mistakes of newbies. Don't get me wrong here, we're all ones a newbies here and tend to treasure our Satoshi that we got from faucets. Those who gamble their sats earned from faucets are greedy ones (except if the faucet is on gambling site). Those big rollers and new from bitcoin will only buy Btc to gamble, they don't want to earn it on time wasting faucet.

Yes it is the most common mistake of a newbie, since they are lack of knowledge regarding those scam sites.
They tend to think that investing in ponzi is a way of earning bitcoin. But in the end when they are already get to be a victim of it.
That's only the time for them to learn.

Hello i am new to this forum and this will be my first post. I am started to use bitcoin few months ago and from my experience this is biggest mistakes that you can make if you newbie (some of them i made it myself):
1. Dice gambling
When you start using cryptocurrency you start search more information about it and in youtube you can find a lots of tutorials how to make lots of satoshi from gambling. Most of these tutorials are in russian but if you understand this language you may find wish to try these strategies yourself. My advice - dont do it. 99% of these strategies dosent work. In this game house always wins. I think in these gambling sites there are 1-5% experienced players who know what they are doing and they making profit of it. Dont be naive and dont think that you will be one of them :)
2.,,Cloud mining,, and other shady investments
From this forum i learned one important thing: If it's too good to be true, then it probably is. There are lots sites who offers you big gains from investments but just think about it x2 x3 gain in two days? 10GHs or 5 Terrasomething for free? If they are so great investors why they need your money. Maybe i am just greedy but if i knew a way to double my money in 48 hours i am sure i dont tell it to anyone :) Lets look in these ,,cloud services,, mining needs hardware, energy and maintenance and these things cost but these guys giving all of these things for free? I am just dont believe in miracales :)
3. Investing in shitcoins
I know there are people who make money from such investments, but people who make it have a lot experience and probably lots of money. At first you should make a lot of research and try trading with more ,,stable,, currencies like lisk eth and others. If you have lots of doge you can make even profit of that (of course not big) but avoid shady coins. This site is great place to start research about them.

First welcome to the forum. And I hope you have learned your lesson from your mistakes, dice gambling is really one of the addictive gambling games because it is easy and fast to earn and lose once you play it. And with cloud mining it is really an hyip kind of investment that just scams people. And for trading, you must study more and invest in the coins where it has the potential to pump.

Definitely true. One of the biggest mistakes I've done as a newbie is probably gambling what I could not afford to lose, and then blaming it on the house for not being provably fair.

But over the years I've learned that gambling is your personal choice.

I think the biggest mistake is not doing due diligence in researching the (shit)coin before investing in it - whether its ICO or in exchanges or mining it. Not all coin projects that have very nicely worded announcements, good looking websites and lots of promises are not to be trusted straight away without knowing the background.

This is one of my mistake also when I'm still a newbie, I though all coins are good and bitcoin is there biggest coin of them all.
But as the time goes buy, most of the coins that doesn't have good support and dev team.
In the end, they were just flew away and dump by their investors.

Some alt coin traders don't consider having a research first before they buy a coin. If they think the chart of the coin is promising, they will just buy it. They look for profit, they don't care about the devs and the use of the coin. Although those coins that are turning into a dump coin are mostly coins that have really low buy price. Coins that are being sold in a high price aren't likely to become a dump coin.

Also it depends if where you go for research.  Keep in mind if you go to certain threads that are pro (certain altcoin) like official threads in a lot of cases it will look really good and lot's of great comments.  So be careful on what you consider good research just to much pump/dump. 

Sadly a LOT of altcoin's are not worth the investment in my eye's.  I would rather have the BTC and ride the value going up  (hopefully even more).  Other coin right now gaining lot's is Ether it has many fan's.   But keep in mind when you invest you might be losing gains you would have had in fiat value just by holding.  So sometimes just holding BTC itself is honestly a good idea.

Yeah i also try doing that but i realize that it's a stupid move. So now i'm just focusing in this forum to earn bitcoin and learn many things.

Well, I think the most common SINGLE mistake of a newbie is probably gambling what they cannot afford to lose. I remember in those days when I used to believe that martingale works.

Man, that was crazy as I think back now :P

Yeah gambling is the most common mistakes of a newbie because they only think that they will always win on gambling sites and also think that there is a fast money lol.

Most mistakes made by newbie is they are easy to get scam by one of the sites because they are not looking for a lot of the information supplied by members of this forum.

Thats one of the common mistakes done by newbies,, joining on doubler/hyip site,becuase they were only newbies they dont know whats the risk in joining on those sites,only one thing comes from thier mind earn without doing anything .

I think  going or joining on a certain things without having knowledge about it. You can avoid this by  studying the things that you are about to join.

getting on investment sites that is a hyip site .. they dont how to earn and run from these things.. they should ask the pioneer first before joining on any activities.

lacking of knowledge about bitcoins and being scammed .. they should do researching first to have a knowledge about this

just don't try those hyip sites they are not trusted and they will stole your money . some of the newbies are always losing their money from that kind of online investments . just like what happened to me before i have lost some much all of my income from the different faucets because of hyips .

Yes when I use to be newbie once I got my money scammed too in the same way investing in one cloud mining which ran away after few months making everyone sad :( Next common mistake is they get in gambling and gets more addicted for that and couldn't control themselves.

+1. Newbies with no one to talk to will always be a victim of HYIP sites until they learn that it's all a scam. You can't blame them, though. Everybody wants to earn money fast and without much work. A newbie would think that he's so lucky that he has found a website that pays you without you doing anything. He might as well think of it as a "secret for success".

Newbies will surely try to multiply their coins in quick time so either they will invest in gambling or in any doubler site which will promise them to multiply their coins in quick time.

Unless they're I'll educated adults or 8 year olds who've never heard of the word "Ponzi", they should be able to tell they're looking a Ponzi/pyramid.

i think the mos common mistakes of the newie is to start gambling as they wants to make thier currency double in a very very short time.

You can't blame them, though. All of us want to get rich quick. That's why there are some actual people who bought e-books entitled: "How to get rich quick", "Get rich effortless in 15 minutes". Those books are too good to be true. I hope that newbies could set aside their wants and be realistic when they are in the bitcoin world.

In your case, which is gambling, gambling isn't new to everyone. All of us have that one relative who is addicted to gambling. When you were a newbie, you might have thought "I can actually double my money quickly and I'm feeling really lucky today." That's why you tried gambling. The next day, since you're still a newbie, you deposited some of your own money and tried to recover what you loss and still aim for your money to get doubled. This is such a common mistake for everyone not only for newbies -- trying to recover what you loss and aiming for tons of profit.

Definitely. I think that is a very common mistake of a newbie. And it's not only that they want to gamble with their coins, they want to chase their losses as well which is probably more destructive.

That's how casinos get their profits :)

Yeah that's one of the reason why the gambling is so addictive because of the players who are chasing their coins to recover from loosing. I also do that but now i'm just focusing on signature campaign and trading because it's a lot way better than gambling i think.

Yeah, I've seen countless people losing a ton of money as a newbie on dice gambling. They don't seem to know the fact that gambling will not profit them in the long term and they keep coming back.

Gambling responsibly though, is acceptable.

Yeah this is right, I'm following a certain facebook group of bitcoin people. But most of them are newbies. And they tend to gamble and they think that gambling is just the only way of earning bitcoin and some of them are also into ponzis.

Too many newbies get scammed so easily due to many people offering "doubling" and it's just a pain to watch all the people get caught up in the wrong ponzi scheme to ruin their fun because that to me is what btc is about.
BTC is no fun if you get scammed so what's the purpose of having btc when so many people are out there to scam you?

You need to be smart before entering or investing into it, just ask a simple question to yourself that is it really possible to double bitcoin in quick time? and you will get your answer.

By investing in scam websites and playing in gambling sites like me  :( :P

Common mistake of newbies here is joining HYIP sites and Investor-based games that is more likely to scam you within few days resulting to a loss of your coins.

Yeah and its nothing new as when I was a newbie even I invested in doubler site to double my coins quickly, but then I realised that I have been scammed, but I learnt from my mistake.

That has to be the biggest mistake i see constantly, people thinking other people will double their coins in 5 minutes...it sounds great until they run and just never come back, there is no purpose to think someone can double your coins faster than you can.

That's true but when you are really new to something then that mistakes are obvious to happen, may be the greediness comes into play and that disturbs everything.

This thread was very helpful, I have read and I was lucky to avoid a Ponzi investment.

actually it is such a big and wast and complected website.  very difficult to understand i am studying it for such a long time but still i feel defficulties in some options. so haw a newbie can carry it. it really need a hard work and patient.

I think it is more important to actually read through the forums to determine what is the best information to take in and what you should learn from.  Never trust anyone is the best advise I can give anyone in these threads.

I think the most common mistake is not doing your homework. You should understand the basic of bitcoin before making a trade.

Most common mistake of bitcoin newbies is the expectation of earning high from bitcoin and becoming rich. In such a expectation users gets caught into the hands of scammers and cloud mining websites.

Yep, if a newbie stumbles upon an HYIP that has a really good offer, he might think that he just found a good way to make money. He might even think that it is how people make good money out of bitcoins. Without doing research, a newbie would surely fall victim into one of those HYIP sites. It's most likely that a newbie would take some money out of his pocket and invest it in a bitcoin doubler or other investment sites that offer quick ROI.

Yeah that is one of the common attitude of a newbie they want to earn a lot of money even they are just getting started and it cause of them to invest a lot of money to buy bitcoin and put it all on a HYIP investment site and after that most of them are just sitting and saying that it's for lifetime but they didn't they are caught on a ponzi scheme and after at least 1 month it will turn to scam and they will cry like a baby and blaming those sites but the real thing is it's their own fault ::) lol.

That's why many newbies are falling into the trick of investing to cloud mining sites,hyip's which are just ponzi schemes. Because they are not studying well about the thing that they are entering which is bitcoin.

I think a common mistake is not protecting the private keys. If you lose the private keys or they are not secure, you will lose your bitcoins.

i think that is the appropriat answer for the question. i think th most common mistake the newbie often made is that they do not care for their account security. they some time do not know about the private keys which often put them in trouble.

This isn't really a newbie mistake, but more of an overall stupidity issue...My first time using bitcoin, I printed a paper wallet and kept it all there.  Only way I'd lose the keys was if I lost the paper - not that difficult.  With digital wallets, the same mentality applies...  :)

Yes that's right , they only know how to use it not "how to secure and use for safe".
But since newbie only stores their bitcoin on online wallet , that's doesn't matter unless they are know about private key and dumbly share on public

Yeah and everyone  has made that mistakes but the good thing is to learn from our mistakes and make sure that we don't repeat same mistake again and again in future.

Notlist3d is pretty much right,dont jump into signature campaining if you are not simply  ready for it: u need to get decent rank first,and then you can start making some decent profits
And about mistakes: Dont gamble,always check the person which you trade/loan with etc.
Good luck buddy,get profit but dont be greedy thats the 1st rule

There are many mistakes a newbie can do with Bitcoin.
Like using a scam website that attracts with good offers, then do not pay you.
I advice you to avoid falling into the trap of these scams websites.

I think that the OP was asking what mistakes you are looking at when dealing with Yobits.  This is a great site and there is a lot to learn.  One of the first mistakes is not to think that because they are starting a new coin, you will get rich off of it.  Do not think you are going to get rich off of anything on BTC, unless you have a lot to invest.  Watch the market and make wise decisions based on your research.  If there was one specific trick or trip, everyone would be doing it..

The most common mistakes of newbies is to invest in ponzi, like cloud mining, hyips, doubler sites to multiply coins in quick time and above most common is to go for gambling.

I agree they think that it is the only way of earning bitcoin. So, tendency they fall up to become a victim of ponzi.
And as well as other type of scams like cloud mining.
Because majority attracts them and they just think that it is right.

common mistakes newbies make are giving up and they want to earn bitcoin fast. they think they can get bitcoin fast without studying and learning.

in the first time, newbies only get a little bitcoin, and then they will give up.

those are mistakes I can see.

I would say one of the most common mistakes causing investors to lose money is by believing things too easily. If the deal/investment sounds too good to be true, it probably is! Whenever in doubt, do your research online and seek some advice from the Bitcoin community on Reddit at bitcoin or btc. There are many helpful Bitcoiners out there who can help you out if you are unsure.

Well we can't blame them and it is really a bad mistake for them if they are already giving up that if they aren't getting bitcoin fast.
There is no fast thing at all you need to work hard for it.

Most common mistakes for a newbie on this forum?
i think we all agree that it is posting some shit,which does not even count as posts right?
it is better to spend more time posting one that making a shitton in a short while but really bad posts.

When i was a newbie the first 3 mistakes i did was

• Traded Bitcoins on facebook and got scammed
• Fall for some hypes
• Gambled with Someone's else satoshi

i never repeted these mistakes ever

Here are my tips for a newbie
1)Dont fall on what you read from other crypto-gurus, instead read them,confirm them,watch the charts in other words do your homework
2)No one will share you for free(not even with fee xD) a incoming pump and dump, most common case is to make you buy from his walls
3)crypto is full of drama, so dont be emotional
4)dont risk what you cant afford to lose
5)Observe charts,upcoming coins etc

These are good tips indeed,he will use them i hope.
If he will,he probably is going to make some profit,just dont believe people when they are saying they can make you at profit.

What are you doing?

Over 200 shitposts TODAY, and counting.
When did you buy that account?

I read the mistakes Pointednout in this thread. They are really useful. I learned a lot as a beginner. Will Be more aware of what said. Few more days to enter into the campaign.

The most common mistakes of a newbie is easily fooled by those who take advantage of the opportunity. And in the world of trading, most newbie impatient with their order. Thank you

It is really good to learn to the extent first then entering into it. Once lost is lost. Cannot gain back what was lost. Always its better to think twice before getting started.

It is really good to learn to the extent first then entering into it. Once lost is lost. Cannot gain back what was lost. Always its better to think twice before getting started.

Everyone had this stage. Who wouldn't want to put some money into something that will make money for you without you doing any effort, anyway. Those who were scammed by those sites are likely to learn their lessons after 2 or 3 encounters. But those people who lost a lot of money from gambling wouldn't learn their lessons. They feel like they have the ability to recover all those losses like the people from the top of the charts.

I think the worst common mistakes of the newbies with Bitcoin's world is deposit in the HYIP and ponzi scheme sites, and also wasting their time in the low paying faucets.

The newbies must avoid the faucets because it's worthless, much better for them joining this forum and building their accounts, and then join the signature campaigns.

I totally agree with you. To be honest i did that things when i was a newbie because i don't really know what are the kind of investment, i just invest to a site if other bitcoin users does.

In faucet, i agree also because most of the newbies now are being brainwashed that faucet is the best site to get free satoshi but they didn't know that they are not earning positive but a negative one and the only person who are earning positive is the faucet owner.

+1. Being in this forum would make them learn a lot of things. Faucets are just for those people who have literally no skill to offer. Those people who aren't capable of learning something new. I think the reason why newbies keep on doing faucets is because of the things that the faucet sites say and also because of the promoters posting a big amount of money and saying that he earned it solely from faucets. But the truth is, the electricity and internet bill would be higher than what he had earned from faucet sites.

Yeah,but i dont think that actually people who dont have any skills are doing faucets,i would rather say
that people who dont know about any other good ways to earn btc without investments,becouse the still dont know how faucet is bad,
comparing it to any other ways,like even signature campaining,on newbie rank.

Earning from faucets is not an mistake, as that is the only way to earn free bitcoin for a newbie, but over a period of time they can develop their skills and try to find better ways to earn.

I don't get it why these people are defending faucets. It might not be a mistake but when you know various ways to earn bitcoin, faucet would be the last thing you would want to do. And also, no skill be developed from non-stop solving captchas. Don't even say that you'll be a better typist because you wouldn't. Typing 2 words per website wouldn't make you good at typing.

Faucets is part time job, but it is not parmanently job, a lot of people are started their career in signature campaign with faucets and now mostly members are left it. and now only few peoples are doing it.
But you are right it is really helpful earning for the newbie, actually i want to say newbie should do the faucets and later on when they realize they can earn in campaign than they should left it,   

Faucets is really created for newbies and that's not a mistake if newbies tend to use to earn with faucets. What the problem is that they are just thinking that faucets is the only way of earning with bitcoins. But it is not really profitable to use faucets for earning, even you have a lot of referrals you are not going to earn a lot of it.

This Most Common Mistake of a newbie is gambling. They Get attracted to quick money making things aka gambling(on most cases), they even invest in scams like cloud mining and after all this they try to regain  their money by scamming  purpose but it takes time for them to understand how things work here and why they have to build trust to earn some real money without hurting or braking any rules

Yes that is also another mistakes that newbies are doing. They tend to look for the fast income with bitcoin. And they tend to think first about gambling because they are maybe born a gambler. And also they are thinking by investing their money into a website they are going to earn that way easily and that is their wrong.

I think one of the not-so-common mistakes of a newbie is to buy an account in here for the sole purpose of signature campaign. Some people are referred to this forum because of the signature campaign. They thought it would be easy so they bought a high member account upfront without knowing the rules and regulation of the forum. It's very likely that he would get banned before he gets his ROI.

Yeah gambling is an most common mistake of a newbie as everyone wants to multiply their coins in quick time and end up loosing everything and other mistake is to invest in cloud mining sites.

I think most of newbie think that bitcoin is not just currency but its magical currency. And cloud get profit from it.
I know its true but most of newbie get scammed as there are already sites running for 100x or 2x or 4x your bitcoins in just 24 hours like that.

I think newbie who earn bitcoins very hardly spend there on scam sites and get frustrated.

Exactly and they start blaming bitcoin that its an scam, and it create negative impression on them and then they will spread same news to the people around them.

Exactly said, on this basis users had made people to believe in it and stand away from bitcoin. While getting into bitcoin users need to understand clearly to avoid such issues of increasing adoption.

and to added up might needed more deep information first before entering any investing site related to bitcoin, all that they need already been post here the best thing for them is to keep searching for anything that they need to know before they proceed, bitcoin is for everyone but it is worth to learn.

Same mistake was done by me also..In starting bought lot coins like and never made any profit from it.

The mistakes that newbies do is that they do not store the private key somewhere safety but since you have joined trading in yobit then you should care more about the coins that you trade there because most of the altcoins end at few satoshi.

Gambling is the most common mistake I guess, I am not sure about others but when I was a newbie I committed this mistake many times hoping to earn bitcoin quickly.

Not so much a mistake, but at first, it's pretty overwhelming trying to sort out and absorb useful information on this forum.  

It took a while to find out most of the actionable info seems to be in the Announcements (Altcoins) section, and maybe less than 10% of that.

It is not a mistake if someone have any sign of brain in his head i think.
We all are adults,and i think that all of us know that it is really uncommon to make some money out of gambling,doesnt matter if it is live-casino,or bitcoin-casino.
The outcome is the same in most cases.

I think the common mistakes made by newbie is easy to believe in others and trust in such HYIP investment sites that offer great interest. My advice avoid sites like HYIP, CLOUDMINING, and do not easily trust people not known.

Yes, they do always fall on those scams like hyip investments site believing that they'll gain such big money but don't have any idea how hard to gain a single Satoshi. Well everyone passes thru newbie and we can't blame them since we also do the same thing when we're only a newbie. We learn from mistakes and don't fall into it again.

Cloudmining is the most common mistake a newbie makes.
The big majority loses money with that.

Maybe most common is keeping money on exchanges? They treat exchanges like wallet which is just huge newbie mistake.

Yeah right because i experience that i was a newbie before and experience of scam from cloud mining and investment site..
I believing before that i will be make more money there if i invest but for trial i invest some money but the result never made any withdraw because those sites are scam.. i found this forum and ask why this is happening and learn a lot from them..

haha yeah u right, before I joined this forum I could trust with cloudmining. But after reading the threads and messages from people who are more experienced I decided to never believe: D So with my experience as a newbie, I would like people do not get caught or be fooled by things like that.

Its the only way they know how to earn btc in a fast way.
They will not even think of what will happen when the site collapse.
Only those early bird will.benefit in this sites

It's one of the mistakes people in the bitcoin world do but it's not that common because not everyone's into alt coin trading. Although after cryptsy has pulled a scam, people are thinking YoBit will do the same thing. There are numerous of scam accusations in here about YoBit not giving their money and people should be aware that at any moment, YoBit can run away as well.

Not only early birds i think also newbie can still have benefits here in our site because we have some task here that you can do easily and earn bitcoins ..
But the problem for those newbie they are lazy or they are not trying it first before they give a final desicion to dont wait instead to scam someone..

As of today even those early birds on a ponzi site can't even reach their roi because some just operate only a day or 2.. sad to say many newbie like me fall to those kind of hyips but I learned a lesson in every mistake that I make. Well charge it to experience.

You have cured me from my cloud mining dreams!
Thank you all a lot.

I've been using haspower cloud mining (i think it's that one) and I've made a slight profit, after a month or so after I've completely forgot about it. But I wouldn't recommend using cloud mining, too much of a scam sites.

Having income from Cloud Mining sites are so rare these days. I think you have invested in the site days after they have officially launched it. Good thing for you because most people who invested in cloud mining sites have realized that it's a scam after investing on it. All of them wants to get away from the site after realizing that.

But most newbies see it as their dream only money needed to get more money in return without reall investment. And most of the times won't read about it. Thats why I think its good people put up "watch out for this ponzi" and still you see people investing because they think. It won't hit me.

If a site is new then you can expect returns for limited period but you cannot expect that it will pay you regularly in long run, you can earn profits if you withdraw at right time.

I have seen many newbies asking for loan without collateral in this forum and getting a negative trust here.This is one of the mistakes newbie do.This give them a bad start in this forum.So i think they should be careful at start and first learn here.

It is since a newbie is gullible and easily attracted with things they see in internet. A too good to be true is already enough to make them believe they will get a good earnings not thinking that there's a big risk they will lose their money by getting scammed.

I think the most commons errors for newbies are:
- forget the priv key / password seed client
- "earn" with faucet
- forget how btc work

That can be some of the mistakes and other mistakes includes investing in ponzi and going for gambling to multiply their coins in quick span of time.

Earning in a faucet site is not a mistake since you can't really "Earn" in a faucet and you are just wasting your time solving captchas for an hour and do realize that you just get small cent.

actually it IS a mistake, maybe not a big mistake but still. because when you claim faucets not only you are wasting your time which is precious more than anything else, but also you are filling your wallet with dust. that will lead to a lot of trouble when you want to spend all those little inputs and have to pay a lot of fee because the transaction would be huge.

Not entirely true. Just because you have invested in a new HYIP, doesn't mean you'll get profit out of it. In some sites, you have to wait 3 months to get your ROI, some even more. They say it's a "lifetime" thing but they wouldn't even let you get your ROI. They would pump the advertisements/promotions and then run away before any one gets ROI. It's also really hard to trust a starting HYIP because you have no idea if they will even pay. 

When I was a newbie I made a mistake I Invested my Hard earned Bitcoins to a Hyip site and got scammed by the site...

Same here i do lost my precious btc on investing those scam ponzi sites, after that ive learned and never ever joined in ponzi sites again because im afraid to lose my hard earned btc again. Id rather go on trading than to invest again on hyips ponzi and anything is scam.

Yes indeed common mistakes made newbie is too easy to believe, but 2nd mistakes is newbie never learned or want to listen to people who are more experienced.
For example, once I also believe ponzi sites that will provide great benefits. even though I've read several threads about fraudulent ponzi but still inedible, and in the end I lost my money.
So appeal to newbie never trust sites that promise big profits investment does not make sense such double bitcoin, HYIP, even cloudmining. Because you will just donate your money to fraudsters. Haha

yes that is right if i tell about my personal experience when i was a newbie. i sever time lost my wallet key. i was unable how to use and join a signature campaign. and so many other problems i was facing at that time.

Hi! :)
Always double check your bitcoin addresses, and pages reputations, also if you trade with people, always check their trust, but know that even so there's a risk

buying a dead coin. and the one that shill member promoting his coin. trading in yobit requires own research about the coin you will invest. it is not bad to listen to suggestion but it is good to decide on your own

As a newbie I lost my coins majority of times in gambling as I was addicted to gambling at that time but now its long time I have not visited any gambling site.

I fully agree. In my opinion the most common mistakes Newbies are doing is gambling away all there Satoshi in hope to reach 1 BTC.

So if you are new and don't want to lose all your Faucet Satoshi again stay away from Gambling and Cloud Mining Sites. As the second biggest mistake is probably falling for ponzi schemes.

Yeah those are two major mistakes that everyone commits at initial stage but one should learn from their mistakes and make sure that they don't repeat the same in future.

The most common mistakes for newbies include going to the lending section and asking for a loan and using their new bitcoin account as collateral.  Does not make much sense to do that, because the account is not worth nothing as a newbie, but you never know what is on their minds!!

"Not worth nothing"? Double negative infers positive. Maybe you mean 'not worth anything'. It should be a common sense to anyone that a newbie account is worth nothing because you can make a new account in a minute. You can't actually blame them. They're "newbies" and that means that they know very little in this forum. But some people really are just pretending to be a newbie and are trying to scam the lender.

may be asking for a loan here is the common mistake by a newbie..
because of this they can get negative trust.

yes I have the same thoughts as you. impossible if it was really a newbie to come to this forum, then he make a thread in lending and make a loan. This does not make sense. but they are definitely not a beginner. but the old players who are trying to be a scammer with a new account.

Thats worst part of a.newbie mistake,addiction to gambling. You cant live live without gambling on your side,or should we say gambling is part of your daily routine.

The most common mistake is jumping on some altcoin without extensive reading about it.

Stay away from gambling, cloud mining and hyips as if you invest your coins into it then you are surely gonna loose everything in long run, don't be greedy and try to be an safe player.

I think newbies worst mistake is to fall for HYIP and ponzi. The >:(  ponzi confuses you. They tell lies about it. They have investment in stock or sell or buy things then or they say they are mining , cloud mining. But it is a lie to trap a newbie who is just learning about bitcoin to think it is true but it is not. The newbie cannot tell why is a lie and what is real.

The most obvious mistake for the OP is after four months since this thread was started, their activity is just six!  They haven't been back online since thirteen days after the thread was started and that was started some fifteen minutes after they first registered.

Basically:  Keep coming back!  Don't just look in once or twice then fall silent.

These are the most common mistakes of newbie has always doing. They tend to think that they are really going to get good profit without any effort in investing their bitcoins in cloud mining and hyips. But in reality it is just going to get their bitcoins and they are giving it to the owners for free.
It must be avoided so that newbies next generation won't be victimized.

Yea gambling is not profitable over all. and a newbie should prefer to avoid gambling and learn things first.


A newbie can easily fall on these sites which offers good interests rates(but actually scams)
it happened with my own self. I always invest money whenever someone told me that he got a site which pays good money just by investing and doing nothing. I always invested in these type of sites and always losts
finally I realized these type of sites are just scam here to steal peoples money.

That's one of the mistake of some newbies they try to gamble because they believe it would be the easiest way to gain more Bitcoin but they end up losing all their coins. There's no such fast way on making money either in real life or in Bitcoin world. I say this because it was my mistake too when I was also a newbie but now I learn from all of my mistakes.

Luckily, I haven't try to gamble my bitcoins but I have try to dice some of my alt coins hoping that I'm going to earn from it and I really wanted to experience the essence of dicing. So I have tried it and it really fails me and lose all of my alt coins. Newbie really thinks that gambling is going to be a good source of income in bitcoin.

think they can get rich by bitcoin :D or trusting investment companies which works with bitcoin.

Well I don't find that is a mistake if a newbie thinks that they can get rich by bitcoin. Because it is the reality that you can get rich with bitcoin.
Investing in hyip's really is the most common mistake of a newbie because they tend to think that bitcoin is just working for itself and makes their money grow even they aren't going to do something.

When I Was a Newbie I made the Following Mistakes:-
1) I invest my whole Bitcoins I Earned From Faucets in a Hyip Website and Getting Scammed by the website..
2) Once I Invest in Dice webeie and also Lost My Funds....

Nice decision trying gambling with alts which is a smart move rather than gambling directly with Bitcoin. Yes newbie really thinks that they can earn so much Bitcoin thru gambling but in the end they lose all their bitcoin. We can't blame them since we don't have enough knowledge on things when we start up to engage unto new things.

Im sorry to hear that. Better far from HYIP pal, because they are nothing more than a Ponzi scheme that pays old members with new members money. And if no deposit is entered it is ascertained that the site will be closed.
Moreover gambling, I think gambling is only going to spend our money in vain, because there is no strategy in gambling only luck factor alone. Thabk you

Yes its better to stay away with hyips and ponzi because both would scam your hard earned money in the end. Hyips and ponzi cant sustain for so long because they cant pay for their clients as the day goes by in that case they easily ran away and gone. Gambling is a matter of luck theres no such strategy.