Bitcoin Forum

Being a beginner in anything is absolutely not easy and I speak from experience because you are battling a lot of things that includes indecision, poor knowledge, poor experience and so many other things.
There are so many news about bitcoin and cryptocurrency but if you actually listen to many of this news, articles e.t.c you are meant to notice that they are most times not meant for beginners and I don’t blame anyone for that there are many consumers for such news and articles already.

Using myself as an example I wasn’t really taught well about cryptocurrency and I know many too have this experience. Cryptocurrency was sold to me as an investment opportunity that was guaranteed to give me good returns on investment, but that is actually not true.

It’s bad enough that many beginners are getting the wrong or half picture about cryptocurrency but as a beginner you should also help yourself out.


The best way to learn is asking questions and this is not only about cryptocurrency. Many beginners failed to ask the basic questions that can at least set them up well

You don’t need experience to ask questions like

Edited
I am using the list below as example

1. What could go wrong
2. Are there risks and if yes how can I secure myself
3. Is it legal
4. How can I find out more for myself
5 are there any scam stories and how can I prevent myself from having to experience it


This and many more beginners questions can help you get a good starters knowledge about cryptocurrency and even if your guide isn’t doing their job this question can help you get the best information from them from the start before you start to develop yourself.

This is a very important topic and I don't think any newbie or beginner should pass this one. Some people may understand something but find it hard to explain that same thing to understand completely.
So yes as a newbie or beginner you can ask those questions and I consider those questions to be like a security cover for the newbie or beginner that can help limit their exposure to threats that they aren't aware of.
But also there are many newbies and beginners that are filled with greed that they let is becloud their sense of judgement and reasoning, this also is a big problem for them.

Many scam stories are written in Cryptocurrency scam book. (https://chainsec.io/scams/) You can read and learn about most popular scam types.
Collection of comprehensive guides on identify and avoid scam projects. (https://bitcointalk.org/index.php?topic=5125435.0)

You can learn many things by yourself with Internet and searching. Nowadays, you also can ask ChatGPT or Grok AIs, with more collective and even better results than from Google.

It's unclear to me if you are asking these questions, or if you're merely giving some kind of guidance (eventough which guidance you would be giving isn't clear to me)

Just in case you're unclear about these questions yourself:

1) many things... Market fluctuations for one, especially if you invested more than you're able to lose and if you have weak hands... An other thing is getting robbed or losing
 (access to) your funds (in one way or another)

2) yes, there are risks... Against market fluctuations it's very hard to secure yourself. Against losing your funds a hardware wallet (or airgapped wallet), good opsec, and due diligence when spending usually go a long way.

3) maybe? Depends on where you live... I know in my country crypto currency's are perfectly legal. I think they are in most of the EU... In the US they're legal aswell, their new president even wanted to create a bitcoin reserve (at least, iirc that's what he promised). There used to be countrys where crypto currency's were illegal tough, i have no idear if this is still the case, but i would not be supprised.

4) the bitcoin wiki and bitcointalk are usually a good starting point... But read before you ask questions... People will usually be nice and answer anyways, but i usually prefer somebody that made an effort and tried to read up on a topic before they start asking questions.

5) look on this forum... There are hundreds... If something looks to good to be true, it usually is... Next to this: due diligence (vet anybody you send funds to, never share a seed phrase or private key, don't trust emails or forms that ask you to input sensitive data or connect your wallet), good opsec, and a hardware or airgapped wallet usually work pretty well... Also: if you don't trust a situation: ASK us before funding an address. Crypto is irreversible... If you send first and ask us later, there's usually no way of getting your money back

No i am not asking the questions directly I am using it as an example but nevertheless it should be beneficial to other who may be looking forward to the answers

Yes Grok, ChatGPT and the rest are good ways to finding information but still we should not throw away person to person learning, I was actually talking about questions to ask those who are introducing you to crypto directly. I am not saying that you are automatically becoming a pro I am talking about it being a good help to the beginner for a starter.

Beginners are asking questions but are not asking the correct questions, and this is why they are not making progress in the amount of knowledge they are getting from the forum. I feel the major challenge every newbie actually faces when they come to this forum is trying to settle into the forum and make sense of it. As a newbie, you owe yourself the favor of asking the proper questions. Ask these questions according to your understanding and perspective, and do not be ashamed of it.

It's good that anyone introducing you to cryptocurrency should tell you that only bitcoin is the unique of them all due to its decentralized nature. He also needs go tell you the risk in investing into bitcoin and not only the advantages of investing into bitcoin. This is where some of us go wrong by not dishing out the basic knowledge of bitcoin in full details.

Bitcoin is a long-term investment which should only be invested with your extra cash because it's not a get rich quick scheme. The worst of it all is when you are been introduced imto crypto by a trader. This is why we also need to DYOR and learn on your own.

Using the search engine before asking questions as a newbie is important because many questions that newbies do ask, has been asked in the past.

To start your journey in cryptocurrency with poor knowledge is fine but what is bad is starting with a poor mindset. With poor knowledge,  you can learn on the process, just like most of did and are still learning but if you start with poor mindset such as wanting to catch the next Bitcoin wo that you can become rich overnight, you are doomed to experience heartbreak.

It would have been different for you if the had actually sold Bitcoin to you than the elaborate word cryptocurrency which covers various kinds of scams and shitcoins. With Bitcoin, you are better of because you will be building on something solid that will not disappear and deplete your money if you can only find a way of holding it for a couple of years. With shitcoins, you can be rich now and poor the next day if you happened to be entangled in pump and dump scheme. I'm advising beginners, it is always safer for them to focus more on Bitcoin.

Apart from the above listed points, the main thing that cause beginners downfall in cryptocurrency is lack of proper information. Every beginner will work with what he is been thought, if along the way he notices something is wrong, then they look for other ways which why they fall for scam more often because most of them are convinced to join cryptocurrency to make quick money, if the lose money several times, they will now realize that there is something wrong and that’s when they realize that they need to learn more.

The main thing is to learn first, and after getting all the knowledge they need, then they should start investing or practicing whatever they have learned from crypto; but they really need to learn about the basics and how it works generally. This (http://learnmeabitcoin.com) website is why I do recommend for beginners to learn the basics of cryptocurrency and blockchain technology.

CaseBitcoin.com is a website with a comparative table and a chart, to show how Bitcoin is better than other investment assets, like Gold, S&P500, and Long US bond. After looking at the table or chart, you will recognize this fact that you possibly did not imagine how much better Bitcoin is in comparison with Gold, S&P500, and Long US bond in recent years.

https://casebitcoin.com/
https://casebitcoin.com/charts#roi_chart

Learn basics about Bitcoin with Bitcoin information and resources. (https://www.lopp.net/bitcoin-information.html)
Learn me a Bitcoin (https://learnmeabitcoin.com/) and Mastering Bitcoin book. (https://github.com/bitcoinbook/bitcoinbook)

The main reason why most of the beginners falling easily when ever they introduced themselves into the cryptocurrency is that they seek for for information about the the cryptocurrency works, all there thinking’s is where they can just come and be early immediately; and the crypto is not all about you most learn to gained knowledge about what you want to start up.

The best key of starting up everything is the knowledge after then money which is capita, the investment is is all about having a enough budget ahead, so that even in terms of gain you will gain huge amounts of profits that means if you keep repetition yourself by practice whatever you learn so far through out the process of learning about general basic concepts of cryptocurrencies.

For newbies, asking questions could only be their last resort so they can continue acquire learning, regardless if those questions are correct or not. And I think that’s the nature of being a newbie, you get to explore everything so that you will know which goes right or wrong. Eventually, when you have received various information, that’s the time you will develop your own understanding about bitcoin, or any investment, and create a new perspective based on your knowledge and experience.

But all these were never going to be a problem inasmuch as you're able to take your time and learn, we all have once started this bad and even more, but we give it all it required to have been on this stage where we are, same can be applicable to any newbie including you, once we have made up our mind for cryptocurrency, then that settles it all and we remain ever growing while seeking for more knowledge about it every day.

I believe every experienced crypto and blockchain enthusiast we have in the market joined the space with the exact knowledge. What they do is go through the difficult route because there's no much information shared about Bitcoin then, and I joined this forum for such purpose, but in today's market there's enough information and the major drawback is that there's a lot of false information share which is the reason why it is important to ask most of your crypto related question on here.

It is true and it is not true in the sense that nothing is guaranteed because crypto is not a pot of gold. Besides, the level of your knowledge about the market and the crypto you choose to invest in will determine your returns. This is why it is advisable to always prioritize Bitcoin over altcoins.

Yes, and that's because they never go for the root of crypto. Instead, they believe in shitcoin, and lying influencer recommendation.

The best way to learn is by asking the right questions, but most of the basic questions have already been asked on this forum.. What you need is to navigate through the forum.

Well, it is sad that that beginners have to go through some tough times when starting something because they are ignorant about it and it is the reason why is it is to deceive them . Getting into cryptocurrency many beginners have the thought that it is an easy way to make money and that profit is guaranteed without making any inquiries about it.

It seems like asking questions and making inquiries is a taboo for newbies. They fail to understand that asking questions exposes them to more information that could help them improve in what they are learning, even when you ask an irrelevant question you will be easily corrected and that way you have learned something new.  I think it is just laziness that is weighing them down because the internet is just a tap away from them and it has every answers to any questions they have.

This is a very good thread and beginners should take it seriously, these are questions that beginners ought to ask before considering any investment and not just cryptocurrency, if only beginners are smart enough to ask these questions then there would be a lesser scam stories by beginners. I'm actually quilty of these too but I was lucky enough to education myself more on crypto currency and I had veteran around me that I was looking up to, I failed to ask these important questions as a beginner too and I'm lucky I didn't fall into the wrong hands in the cryptocurrency space.

Yeah. Being a newbie definitely sucks because you dont know anything. Cryptocurrency is confusing if you are new.  People sold you a lie about easy money. Yes, its partly their fault, but you gotta help yourself too. Asking these simple things from the start will save you a lot of trouble.

Crypto is not a quick-rich scheme, so that should be at the top of a beginner's list of things to know.

There are different set of beginners, one who is entirely new to crypto but have experience in the investment who may know how to tackle. Still, there's another sector who doesn't know what investment is but they found someone saying that bitcoin or an x coin gave this much return in such a period will tempt them to invest without actually knowing what it is.

And there are other things like

• Not your keys not your cryptos
• Buy the dip
• Avoid panic selling

The answers to these questions will serve more likely as a guide for newbies so they have to find the right answers to these basic questions, otherwise their stay with crypto market will only go into waste. Or maybe if they can’t find the right answers now, at least they’ll eventually learn those in time, when they have already gained sufficient information about crypto and all its related stuff.

Do you why newbies doesn't ask such questions, it's because most people you seems as a newbies is not a newbie, they have already existed in this place for more than two years or three years and that's we are having difficulties of merit distribution or merit circulation likewise before,  most new users we see today are owned by Legendary, Hero and Sr members, and that's why they don't ask questions randomly to know what they don't know

But since they have know everything and they're not bothered to ask questions, if you see a newbies account that has not been here already, you will know, even his thread looks different from people or users who is already existing in the forum,  the thing is that so many people overlooked somethings, it's noticeable that one person is having up to five alts to milk the forum, so that's why people are not asking a question as a newbies. Sometimes new users asked a question like they know it all. So if we investigate it properly you will see that it's an alts account.

The importance of owning your Bitcoin private keys and actually owning your bitcoins.

Bitcoin Q&A: Not your Keys, Not your Coins (https://www.youtube.com/watch?v=AcrEEnDLm58).
As the Bitcoin mantra goes: "not your keys, not your coins." (https://blog.lopp.net/how-the-sec-nearly-destroyed-my-retirement-account/)

You are only able to avoid panic selling, avoid fear and can be knowledgeable, brave and determinant enough to buy dips if you understand about Bitcoin market history like corrections, dips and what often happen after dips or corrections. Additionally you only can do this if you understand about psychology of market cycle.

Psychology of market cycles. (https://fifthperson.com/psychology-market-cycles/)
The pitfalls of psychology of market cycle. (https://advisor.visualcapitalist.com/psychological-pitfalls-market-cycle/)

This works only if you ask sensible questions.
Some newbies come up with questions like;
What is bitcoin?
Can I buy bitcoin with my phone?
What is the difference between bitcoin and cryptocurrency?...
The above questions are too basic, and everyone is expected to get an answer with a few minutes internet search. Someone who ends up asking such questions end in people ignore list.

It is nice a newbie don't also ask questions but keep reading and searching the forum for old threads. All their intended questions have answers.

It is not necessary for a newbie who got registered in the forum few days ago to start asking questions because he may end up repeating questions that has already been asked and answered by other members of the forum but I think this what a total newbie should do because coming to a new place you must behave like a stranger so that you don't look stupid when you are trying to be smart in the eyes of the people who has been there before your arrival.

Take few days to observe how things are done in the forum after your registration you don't need to start introducing yourself because that is not very necessary, you can get a reasonable question to ask from your little observation of what is happening here that only will show how well you have been doing since you got registered. There are so many questions you get get answers for yourself with the help of the Internet I think you shouldn't ask questions you can find out for yourself unless you don't clearly understand what you got from the Internet.

Even not for beginners, there were people that have been in the market already for a long time but then left and sold everything they have.

Missed the opportunities and have taken a look at it and back and forgot almost everything they've learned or they have a path of starting all over again.

But not all beginners have to go through with so much questioning if they're resourceful, they can find answers to their questions with the use of internet, AI, search engines, forum's search box, etc.

OP, you are not speaking for all newbies, but only for very lazy people. Having learned about this forum, a person interested in Bitcoin does not need anything else at first. The only thing you need is reading. All your usual questions written in your post are so obvious and have been discussed a thousand times on this forum. He who seeks will always find! Saying that investments will not bring success will also be an incorrect conclusion for someone who does not understand what he is talking about. Your registration is in 2021, and it is strange to see some conclusions from you. Maybe you were not taught badly, but you studied badly. In a word, we can say that yes, asking questions is always relevant, but it is necessary to study the answers, of which users on this forum provide more than enough.

The problem is anything that involves money; some people are not being told the right truth about the ups and downs involved in what they want to start up that involves money. They are being told about the advantages of catching their attention and interest as fast as possible. Because it is in human nature to easily accept or move into what, there are profits to make as quickly.

I don't think that many people who are introduced to Bitcoin investment as newbies are being told about the negative side of Bitcoin investments. They are being told about the positive side. They, of course, can't begin to ask questions about what they have less knowledge of when there is money to be made.

This is very interesting- thank you very much for sharing this link!

I used to report dozens of scams in this forum whenever I check the ANN section. Before, there were lots of fake websites containing virus links from wallets, fake team members, plagiarized whitepapers, and even ponzi schemes. Unfortunately, with the advent of AI, using the traditional method became more difficult and harder since scammers can circumvent this by uploading AI-generated WPs and even fake members with seemingly realistic human features.

Reading the article you just sent was very nostalgic- it reminded me of the days where ICOEthics (https://bitcointalk.org/index.php?action=profile;u=2204241) used to be active in this field.

For beginners, kindly visit the link provided and familiarize yourself with the typical methods used by scammers in order to lure you. Prevention is always better than cure that's why always be responsible!

If your interest is about checking and reporting malicious threats, you can report them in a thread managed by Lafu.
Report Malware and Suspicious Links here so Mods can take Action ! (https://bitcointalk.org/index.php?topic=5182222.0)
A good Guide and advice for new Users before you Download anything from the Forum ! (https://bitcointalk.org/index.php?topic=5167236.0)

This alone is enough to tell newbies that it's important for them to do their research before getting involved in anything. In the real world, when someone suggests something to us, we tend to at least inquire more about what it is, how it works, and whether it has risks or not if they tell us that it's beneficial and we should get into it too, but if the same thing is done over the internet, we tend to just get in without asking any questions. We should also blame newbies in this, partly, because if I'm a newbie and I lose money in an investment that was suggested to me, it's also my fault for not doing my research before investing my money because even if it was suggested by someone else, the money used is my own.

This is a big mistake that a lot of newbies make these days. Nowadays, especially with meme coins spread all around, people think they are going to get rich by one of these meme coins, so newbies start buying any meme coin they hear about only because they heard people have become millionaires through these.

We all experienced being a newbie. What is tough these days, we all go through the same way back then. However, we differ in our mindset. Some newbies would see it as a disadvantage and that they are being belittle in the forum, but in reality they are not.

Of course, they need to accept criticisms as long as they are constructive. And they need to go through the process of learning step by step, and asking relevant questions matter a lot. Without raising questions, how would we know how to address you, or your specific concerns. Don’t hesitate to ask, but always listen and reflect, and eventually apply all those newly acquired knowledge and information.

The main question that people need to ask THEMSELVES is at what price do i sell?
Lets not kid ourselves, who hasn't heard about crypto nowadays? Some backwater tribes from sentinel islands? No one is here to ask questions, they are here to make money

I totally agree with you on this. As a newbie, studying I believe should be the key to growth and self development. You came as to gather knowledge, therefore, observing the forum and to see how things are done is not only right but also very important. With that been done well, you can get a general overview of the rules and regulations of the forum, the do's and donts and few other beginners guide needed to avoid spam and plagerism.

If all these been done properly, then few questions can be asked for more clearity if there are still few misunderstandings from what has been gathered during your tour round the forum in search of knowledge. And I must also add, when a newbie asks questions, he/she must also learn to go back to the thread to read replies giving back from experienced and high ranked members which will help the newbie immensely.

I still root in for reading and studying, it will expose so many things to you in the forum which will reduce your questions and also shape your level of understanding positively and make you a more reasonable member of the forum..

If you invest without understanding the risks and volatility of the cryptocurrency market. Many beginners only invest their money with only profit expectations in their minds without understanding that it has risks. The result is when the market drops, they panic, and then sell at a loss.
Investing your money in cryptocurrency has risks. However, if you have sufficient knowledge of the assets you invest in, you should be able to minimize the mistake of selling at the wrong time. While another risk is security, many beginners do not understand how to secure their wallets. Having basic knowledge to secure a wallet is a must.
It depends on where you live, because each country has different rules regarding cryptocurrency. For example, in America it is legal to trade crypto, but in Bangladesh it is only illegal. You should be able to find out for yourself about the legality of crypto in your country.
In this forum, there are many things about cryptocurrency that you can learn. You can discuss with other users or read threads shared by other users. Or you can search on google and find useful resources for you.
There are many stories about scams in the crypto world and many people have lost money because of it. That's why it's important to increase your knowledge and awareness and don't just believe anything that other people promise you. Always DYOR (Do Your Own Research) and never share your private key or seed phrase with anyone.

It really saves a stich at nine when newbies sticks on asking questions on their learning process towards their vision of adopting bitcoin either for reserve, investment and even trading because the feedbacks helps to clear your doubts in it critical places.
You don't just make guesture at where you invested your values instead you engage on research on your own and also consult from those who seem experienced.
The complications people gets after invested in bitcoin is that they never asked questions about the market risks and how to fix it and also the criterias surrounding the market such as market volatility.
Don't also rely on one source of information but spread out your source of information to verify the legitimacy.

If someone truly wants to know and learn something from the heart, then nothing can stop them. So I have shared with you some simple guidance for beginners --
1. https://bitcointalk.org/index.php?topic=5184741.msg52459430#msg52459430
2. https://bitcointalk.org/index.php?topic=5276341.msg55209958#msg55209958
3. https://bitcointalk.org/index.php?topic=5500358.msg64230160#msg64230160

The reason why many beginners are being fed with wrong information about bitcoin and cryptocurrency in general is because they feel relaxed and want to offered second hand information without putting their own effort to make personal research. Consequently, people take advantage to feed them with what they want to hear which is mostly the wrong narrative about bitcoin. Some of them where made to believe that bitcoin is a get rich quick investment while some believe it is a gambling. Every of these narrative can be easily dispute if they had taken time to ask questions on the right channel but they're quick to accept what others said without making effort to verify. Look, if you normally rely on people for information, you're likely to be mislead.

It is before the development, launch and growth of AIs. Now, with AIs, even lazy people can ask AIs about Bitcoin and get enough good basic information about Bitcoin. Then they can do own search for more educational resources to learn about Bitcoin very easily and effectively.

People who want to "get rich quick" with Bitcoin, but are super lazy to do own research about Bitcoin, are perfect targets of scammers and Ponzi operators.

If they were scammed, they can not blame their losses on anyone else or on Bitcoin, because they refused many chances and resources for learning about Bitcoin and most common scam types in cryptocurrency market.

Yes, being a beginner or newbies is not easy in the crypto space. A side from the battling indecision, poor knowledge, and poor experience. What most beginners battling with the most now is misinformation, and KOL selling their community for reward.
I hope we will have a means where misinformation and KOL abuse will be stopped.

In place of this forum, I agree with you that there are newbies or beginners even after invested their funds on crypto they don't stay humble to learn or further to exploit their knowledge in the industry which they just recently ventured in.
In other round, most of the identified newbies on this platform are highily experienced of Bitcoin before they can into the forum so, you don't expect them be in lines of the beginners when it gets to do with Bitcoin discussion while they may remain newbies in this platform at the meantime.

It is just like there is a payout in claiming a high capacity of knowledgeable persons by some of the newbies.
Meanwhile... there are experienced users out there whose interest of building their Bitcoin or crypto lives can not be played with, so they mind asking questions even when it sounds to be basic question that was meant for beginners on the race.

The point is that... It is better you hold solid of one thing to a professional level that can yield valuable outcomes and as well minimize your risks.
So even if it requires the process of asking questions to be acquired is worth adhering.

If they begin with Bitcoin, want to to find a Bitcoin forum for leaning and discussion, if they search for it, I am quite sure with you that this forum will appear in their search results and on top. They don't need to be introduced to this forum by anyone, searching will bring them to this forum, which is a biggest forum for Bitcoin discussion.

If they were introduced by someone to this forum, it is their good start because they possibly have human mentors. If not, the person is not ready as a mentor, AIs can help with quick search and basic informative guide.

A source of where you learns as a newbie shouldn't be enough to hold and hope to learn all necessities and being a questionnaire will extend your potentials of knowledges acquired because there you'd find solution to your fears which your source of learning mayenot have had ideal as a mind reader to know where you may find hard to deal with.
Asking of questions could prompt digging out more informations to advance your learning which as well could encourage you on research in place of skeptic instead of accepting it helplessly.
That could as well be refered to the manners of the people out there that are not Bitcoin enthusiasts who just believe what they hears about Bitcoin without making research of their own.
Can be that if everyone skeptic about Bitcoin would venture on it research without already been mentally biased to it after first hearing from a source, a lot of them will bump into Bitcoin because through their courage of being questionable and getting to know the honest truth about it, they be left self convinced to see it the other way round.
There're also those who has personal decisions that once they've decided, they've decided without putting other factors into consideration. So therefore, Such people ends up learning nothing and makes fool of themselves.

Topics like this aren't ment for newbies alone, I think both experienced crypto enthusiasts needs to ask themselves questions  like this when venturing into any new project or other projects aside crypto. One of the problem about newbies is that, they are too excited to begin anything that benefits thereby not considering the consequences that's attached or the set rules that must be followed. It's possible to start up a crypto investment and make profit without  proper knowledge but how much of lucks do they have left? If they run out of luck everything will definitely  go south and at the end they'll tag crypto as scam. Learning about something is good but learning with the right procedure and hints is much better so as to bypass unnecessary experience in form of loss.

Asking for the right and simple question for whatever is being introduced to us will save us a lot if we are to have the wrong perception of it later.

In crypto investment, not everyone is passed the right information by those who introduced them to it. Many are being told crypto investments are a sure way to make quick money without stress. When such thoughts turn out wrong, they complain bitterly about how they were told to invest in  Bitcoin or altcoins; in a short space of time, they will see profits.

That short term frame has blinded many newbies to think of other possibilities of that not to happen. If newbies can begin to see a different thing regarding investment, that it is not made for short term, instead for long term, we won't be learning about cases of people investing in Bitcoin and be having investment losses.

Yes that’s true but I feel the anxiety of getting into the market often makes newbies to either rush into the hands of scammers or loss serious money trading, the scam stories I see as greed as well, people with greed wants the best offers available and when they see ads talking about good rates and good returns, they gleefully acknowledge their presence as a valuable customer ready to be exploited,
True in trading you’ll go through a lot of ups and downs but then that’s part of the process, a newbie who isn’t ready to study will always look for ways to invest and so the scam stories continues..
I Advise as a newbie you sit-down to do proper research about the market before investing to avoid the many questions that comes with its safety, credibility and get rich quick approach which will also lead to a loss as well..