Bitcoin Forum

What is the biggest issue facing you as a beginner in crypto ?

I have issues as a beginner of the crypto world is the internet connection(before), I really don't think that internet connection would be so important in cryptocurrency but now thankfully I have now a stable internet connection. I also faces these issues and looking forward that I could solve it all:

Issues I have so far:
1. Some terminologies that I have seen in this forum, but this is not really a problem because I can search it through the internet, it just time-consuming but not a problem at all.
2. I am also worried about how can I really secured my crypto wallet, I am now using electrum. I have search already about this thing but I think it is not enough.
3. Trading, I have tried to trade before in the expert option but I have lost my money, I think I need to gain knowledge first before I am going to try it again.
4. Fake website, don't know yet to identify whether the website is legit or not, especially the investment website.

I am assuming you are talking about the crypto sphere, not about the forum. What I realize from my experience, the biggest issue for a beginner in crypto is a lack of technological knowledge. Beginners have been thinking they can make easy money from crypto, and due to lack of knowledge, eventually they fall into many issues like hack & scams. If we invite someone in crypto then we should teach them a few basic knowledge about crypto how it works. Even beginners don't know which is crypto wallets where they could keep safe their funds. Many beginners think that blockchain and coinbase is an only crypto wallet. That's the reason I think lack of crypto knowledge is the main issue for a beginner.

I'd say it's the emotionally driven choices. That was my biggest flaw in the beginning. If you get that one fixed, you may do very well. One more thing I've seen around a lot is that so many people make choices based on what other complete strangers think, which is so wrong. I've seen the "a friend told me <insert_shitcoin_name_here> will boom and make me rich" at least a few hundred times.

Another thing is that a lot of people just cannot be patient and experiment various things without considering the potential consequences. Like, if you want to try out various Bitcoin-related things, purchase Bitcoin worth $10 and do it. But don't invest all your lifetime savings in something you don't understand yet. It may be a bad choice to do so.

Little mistakes in the crypto sphere make for potentially large damages. Documenting yourself, being patient and not letting your emotions influence your choices are a must.

The biggest most difficult problem that was faced by me when I started -I can call myself new generation cyptocoiner- was trust, before bitcoin I had been faced with advice on joining projects online, ponzi schemes was what I faced mostly but I had this curiousness that comes from first trusting, which I did not have with ponzi schemes, but my first problem was breaking the trust issues about crypto-coin, entirely, but that did not work complete, why? Because I only trust Bitcoin.

My biggest issue as a beginner in crypto sphere was falling into scams, being clueless about blockchain and it's purpose. I did lose some money while trading and even now i won't say i can really trade, i just buy and hodl bitcoin now as that seem to be the most trusted crypto coin to throw money at and it hasn't failed me yet, I also buy and hodl few alts after doing thorough research about a project.

Investing in the wrong coins and easily attached to those predictions and suggestions. Like if somebody says that a coin will pump, a newbie has the tendency to buy that coin without even researching. But, they will buy it just because they've heard somebody was telling good things about that coin and what's the future of it. That's the power of words and as a newbie before, I've done that plentiful times but I've learned from the past and don't buy coins easily. It is a requirement to DYOR.

About the forum, the biggest issue has always been
* The rules
* Trying to earn

These are the first step that pushes you into the danger of being ban rather easily as, it makes you rush to a hasty participation in a thing you know almost nothing about believing to make the most use of it to earn. Too bad, you get banned even before you know it because in one small hasty actions, you just might fault the rules.

When it comes to the cryptosphere
* It's always about understanding

If you don't understand, how then will you persist and succeed. This is why, the Bitcointalk forum centers it's core value on learning. Should you practice it, you are viable to the forum and the cryptosphere.

My biggest challenge or issue as a beginner in this industry is Crypto-trade, in fact am not still able to separate my emotions from crypto-trade, almost every-time i usually went with my emotions while trade, i hope i overcome this someday, this has ruined my portion in wealth transfer through Bitcoin. After i resigned from trading cryptocurrency i went into coins staking and i got beaten again, maybe learning and re-learning will be the solution.

In my opinion, after a long journey with crypto (since 2014), i can tell you that the biggest issue for every bigenner is the lack of knowledge at first place. One of the biggest obstacles to this knowledge is the confusion that happened to every newcomer between the blockchain.com wallet and the blockchain technology. Almost all beginners start with blockchain.com wallet and when hear about the blockchain technology behind bitcoin they automatically think that it's the blockchain wallet in their devices. What blockchain.com company did by choosing this brand name is so harmful for brginners and forbid them to easy understand other concepts like "blockchain explorer" and "blockchains for altcoins".
The experience in this btt forum is a great treasury for me and for all those who are not English native speakers.

basically what Trinx01 said. and the issue he mentioned is probably the most common ones where the majority of newbies in crypto experience. although I have throughout the years figured out some of it like securing a wallet, trading or Identifying a fake website. but there are new ones that are coming up and I am still learning and to be honest, I still consider myself a newbie.

I totally agree: that happened to me too, my first wallet was the one on blockchain.com

I still maintain it, I have some satoshis there, and although I have switched to other options in my crypto-journey (electrum, ledger hard wallet...) I haven't cancelled it yet for laziness. I will, eventually, but maintaining it for all these years, and that happening to hundreds of new users, is a bit a shame. When you google for blockchain this is the first site you land at.

About this forum, for me this is the real best place to gain knowledge about crypto in general and bitcoin in particular. There is plenty of information in English, but some local forums lack users and, therefore, content, and this is a fact I would be really happy to see improving, because supposes a real entry barrier for those who are not native or don't have the level or patience to deal with the language issue.

Acquiring cryptocurrency, bitcoin in numbers that make it feel like you have a substantial amount of bitcoin.

People who have been into bitcoin for 5+ years have 10s, 100s, or 1000s of Bitcoin. A number that feels more "real world" like the money in your leather wallet or corner bank account. If you start buying Bitcoin today it'll cost you $1800 to own BTC0.10. That doesn't feel like a lot of bitcoin, does it?

Everything else about bitcoin and cryptocurrency is easy...acquisitions is tough.

But here's what you do to resolve that issue...you just start buying small amounts at regular intervals (each week or with each paycheck). Don't worry about the price. Keep the buy in amount relatively the same and slowly you'll build a balance that you can be proud of. It's the way saving is done...it's simple, just takes patience and time.

I remember before when  I am a beginner in crypto, I have a lot of issues.
The biggest is learning the basics, I admit that I am really dumb before, I literally lost a lot of money before but what I keep saying is "it's okay" because I got that money from some of my gigs online, but it's sick, it's still lost. I blame myself for those mistakes, not learning, not reading, I always think "easy money", but as time goes by, those mistakes I considered them as a lesson.

The biggest issue I guess for beginners is being so greedy, most of the beginners in crypto tend to be so greedy in crypto thinking that it is just so easy to earn a profit here.

That is why a lot of beginners are getting scam on a lot of platforms because they are greedy to earn an easy profit, and don't have enough experience in earning so they don't know how the market works yet.

Also getting into crypto without having enough knowledge is also a thing that is why beginners get greedy, beginners should realize that it is not so easy to earn to do that they need knowledge, research about crypto on their own, and also get the experience it.

I'd say scams is the biggest problem, even if beginners themselves don't realize it. So many newbies ask in which coin to invest, which bounty to participate in, but they don't even realize how big is the risk of getting scammed in those sorts of things. Newbies and even some more experienced members are giving their money and time to anonymous strangers way too easily. Approach everything in crypto with a healthy dose of skepticism and suspicion - one of the original Bitcoin mottos was "don't trust - verify", but now way to many people think "fast and easy money", and scammers know how to abuse that.

I think one of the biggest issues of the beginners are the would like to earn immediately into the cryptocurrency world some of them have misconceptions like

1. If you join into a crypto-related you can easily earn.
2. This can double your earning
3. No investment
4. 100% safe

Some of them want to go the easiest way, one of the best is to take time to learn and understand.

Also one of the biggest problems for them is the scammers and Ponzi scheme being a newbie you want to earn easily.

If you talk about crypto, the beginner biggest mistake is that they think they can earn good and easy money from crypto. This is not the case. You can earn good money by trading etc but for that you need to have complete knowledge first. Many people jump in crypto trading with less knowledge and end up losing their hard earned money.

Their biggest issue is don't manage their capital and risk good enough. The market naturally gives you early profit and in crypto beginners can get 40%, 60% after few days or few weeks. Believe me, most of beginners join the market when it is heated and news are everywhere so they get easy profits at beginnings.

Later on, they feel they are genius and let their profit goes away, their capital is eaten up and finally their orders are liquidated.

Wrong understanding about cryptocurrencies is the biggest mistake by most of the beginners in Crypto space, they enters and buy bitcoin but looks to make profits from the next day then wants to become a millionaire in a year or two. No investment gives assured returns and crypto is not really an investment scheme.

I can only talk about my experience, when I was a newbie my biggest issue is understanding how this all things worked, because everything is very new to me, and I need to digest the information in a short period of time because not so many information are available and the technology is very quick to evolve, newbies now can easily learn this technology because there are now so many experts, writers and platform that can help you understand this technology.

I remember the time when I was still new into crypto, my biggest issue is the network congestion of Ethereum. I was about to withdraw my bounty reward for the first time to an exchange. It’s where I had a couple of failed transfers and I was scared that my hard-earned tokens are gone for good. However, I did find out that when the transaction is not yet confirmed by the network, I can still reverse it with the use of a proven online method. It did cost me some gas fees, but it was one of the intense lessons I’ve ever learned as a beginner. But on my third try, it finally went through my exchange account and successfully exchanged it to BTC. I never forget that issue as a beginner that time.

I agree that this could be one of the biggest issues for beginners. Knowledge is the key to any segment of human activity, including crypto trading. If rookies completely ignore the ample of valuable information provided in this forum and quickly hop into one of the promising earning opportunity bandwagon, they will certainly make a mistake sooner or later.

There's no easy way out there. Of course, you can be fortunate here and there at the beginning, but without proper education, you can hardly achieve anything in the long run.

Well, when I was a newbie I encountered a lot of issue in dealing in crypto starting from trading like what how am I gonna start knowing that I don't have any idea with it. The second issue was trust, I honestly don't know what platform to be used because I am not a member of this forum at that time. None of my peers know how it works so I received no help way back then. Fortunately, I made it to sort out. I also being easily swayed by FOMOs and FUD, since we know that time there's a lot of things like that happened. New means no experience and being ignorant is really tough.

]Even documentation for bitcoin is available in different languages, Best search would be in English. One of the biggest obstacles is not being that good in english in particular. You will have to spend a double time if you were in crypto during the first five years . Thank you for pointing this out .

As a beginner, I believed In my self too much and I jumped into a lot of scam projects. Now I wish I've used all my money on bitcoin only.

Probably the biggest issue that I'd ever faced when I was a beginner in crypto-related things is to believe on every promotions/investments that I am seeing on social media and those some that are sent to me by my friends, not thinking of the risk that it has.
I believe it's pretty normal to encounter since at that time, we are just beginning to learn, so we can be literate. This isn't limited to cryptos, it can also be associated with other related things like stocks investment.
Proudly, I'd improved so much since I started.

It is difficult to start looking for basic information to begin with because there is no identification of the weight of the information. Since joining this forum, I've been trying to explore sections of the forums after a few months and I've realized a lot of information that I didn't understand as a beginner. That information is likely to be of an advanced level. Grammar problems also seem to be an initial problem so it is necessary to explore more to find other information that is easier to digest.

As a beginner don't jump in any projects you see that has been heavily shilled or promoted. Why? These kind of projects are short term goal and has been pump and dump scenario. They could be sound legit but the real is they are just created to do PnD. Not really advisable to beginner cause the loss could be massive. Even professional traders playing with these tokens are also losing. But there are other potential coins and tokens aside bitcoin that have potential.

Thats the problem with beginners, always listen easily to other people's recommendation without checking the project themselves.

My biggest issue here is that I don't have skills and I just want to earn money. Then I understand that cryptocurrency shouldn't be rushed, cryptocurrencies are not an easy money and you need hard-work and skills in order to make it profitable. I only aim about making money, earning profits, growing investments, and etc.

I know that most of us have that kind of mindset in the beginning but that's really not effective. Cryptocurrency and blockchain technology should be studied and understood so you know how it works, how it will help you as an investor, and how it will make you a successful individual.

You have mentioned the common issues that a beginner is now facing in this crypto world, internet connection is really important if you want to have good access in cryptocurrency, your crypto wallet cannot be accessed if you don't have a stable internet connection, you won't do some crypto activities if you don't have the internet.

You will know those terminologies as time goes by, you will encounter many unfamiliar terminologies especially if you become an active member of the forum, not only in this forum but in the other branches of the crypto world.

You may read this link, https://whotookmycrypto.com/secure-cryptocurrency-wallet/

In my opinion the biggest issue for beginners in the crypto world is being overwhelmed by huge number of different coins available. When I first started out with cryptos I just focused on bitcoins. Any newcomer I would make the same advice. Look for one or two coins you heard something about before (this is likely going to be BTC or ETH) and just focus on them. It's easier to learn a lot about one coin in particular than looking at a different coin every day, also the risk of getting scammed is much lower like this.

They want to make money from crypto in a fast way which can lead them to have a misunderstanding about how to make money from crypto.
Many of them don't want to learn more about crypto because they think that after they bought the coin, bitcoin and altcoin, they only need to wait for a while, and then they will make a big profit.
That will not work if the market is not moving good, and they will only hold their coin without having a chance to sell it right away.
If they can open their mind to learn more details about crypto, they will found out that they will have a chance to make money, and that way will not only just in one way because they will see that many ways to make money from crypto.
But I think that the beginners now are aware and want to learn more about crypto because they learned from other people mistakes, and they don't want to get the same experience as them.

The biggest problem that I experienced when I was a beginner in the crypto and blockchain space is that I don't know where to start investing my money and start earning cryptocurrencies because I know that cryptocurrency is full of scams and frauds. That is why it's a good choice that I knew about this forum because it helps me decide where I should invest my money and do other stuff to earn cryptocurrencies, such as participating in airdrops bounty and signature campaigns.

My biggest issue when I was a beginner was that I needed a mentor, who will point what should I study first. Because when I first googled cryptocurrency and started to read about it, I've got a huge mix of coins/tokens names, new words, technologies, graphs. This all was covered with news about how quickly bitcoin and other alts gains. Very hard to figure out what is what. That is why a structured description is needed.

Current beginners are in even worse situation. When I started it was just about Bitcoin and how ICO raise funds. Not its staking, defi, liquidity, all that swap things, while everyone tries to cheat you.

Greed.

Most of the beginners think that bitcoin is quick-rich scheme, which is not.

Bitcoin is full of risks due to the fact that it is volatile in the market and you can't eliminate that but to deal with it. Its price is not only in a good movement, it is not always in an increasing price and you need to adjust depending on the market situation. Newbies or beginners should spend a lot of time learning the skills and the concept of bitcoin, especially the patience, so their progress will be on their hand.

Archive: https://web.archive.org/web/20201130161052/https://bitcointalk.org/index.php?topic=5294143.msg55716770#msg55716770

Fine, but the idea is to express your own thoughts here, not someone else’s:
https://hackernoon.com/major-problems-in-the-cryptocurrency-market-c9c9ff53b266
As a beginner on this forum, besides learning about crypto and helping around, you also need to become familiar with ethics, and passing somebody’s work as yours is simply not good.

Note: Slightly off-topic, I know, but in light of my temporary spree here, and how it exemplifies a situation, I think it can stand on its own right.


My 2 cents: Not having too many technical issues myself, the two main issues as a beginner were:

- Discerning what is correct from what is not (that applies to all media posts and forum posts).
- Finding linear comprehensible information (as opposed to assorted information where the above line applies).

-- EOM -- (End of Merits)

The biggest problem I faced as a beginner back then was difficulty finding the bounty that actually worked in my favor. To be honest, I joined bitcointalk.org because I wanted to gain experience as an altcoin project promoter that would also allow me to produce something to trade. But some of my attempt only ended up in vain because the campaign I was promoting failed. This will be my first problem.
And my second problem is about merit. Yes, the merit has made me have to vacuum for some time from the forum because my ranking had to return to newbie after some time being in the junior rank. I have to work hard and try to get it through the post I make. But once I know how this system works, it will make it easier for me to get it so I can become a hero member.

The biggest issue facing beginners in the crypto sphere is having the mindset that crypto is the fastest and easiest gateway to richness without much stress. They forget in a hurry that crypto requires patience, investment strategies, taking risks, and knowledge about crypto to be at the top.
Most issues facing beginners is that they are easily deceived by hyped of a very bad project without carrying out their research before investment

Well stated.  One of my biggest issues as a newcomer in the industry is what is the specific coin "about" and does it logically fit within the crypto industry, or another industry where they are trying to make crypto relevant.  Sometimes I feel that I am overthinking it, but then again, I'm putting my hard earned money into a "coin" with the hope that either the adoption will occur or that another "coin" will see that specific need within their own realm.

In the end, even with all the information, it can still be so overwhelming.

Of course the world of technology is different compared to the traditional or old system where fiat currency does involve.

Surely there are many things to get through and this digital currency is new especially to those who are not updated with the new trends. There are many things that can get confuse with the new comers of this digital currency technology. These are some technical terms that cannot be easily understand.

1. Blockchain
2. digital currency addresses
3. digital wallet
4. digital signatures
5. encrypted messages
6. crypto mining
7. digital transactions
8. and etc.

It is difficult at first but once you familiarize all of these then it could be done easily the next time around.

My biggest issue was a fact that I was scared to ask questions. Most of the time I was sent to google.

For example when I ask what is a bitcoin and what is it used for? I got answers like "Are you banned in google?", "Use search" or etc. So I had to do self-education.

This is very common to bitcointalk forum. While some say that forum is dying coz there is no fresh blood, others saying "use search, that was already discussed thousand times here" and "you are here only for the money, go away, shoo-shoo stupid noob".

The biggest issue I experienced when I was a beginner regarding the crypto sphere:
- Difficulty understanding the term cryptocurrency.
- Confused about technology issues related to cryptocurrency.
- How to differentiate between real and fake projects, several times I have experienced investing in scam projects.

The biggest issue regarding the bitcointalk forum for beginners:
- Using the features available on this forum at first I had a hard time.
- Confused understanding the merit system according to the forum rules.

If we talk about crypto, it is very complex and many things are related to crypto. If you are a beginner then I think set the goals you want to achieve in crypto. As far as you know, want to be a trader, or a developer, or something. After determining that, it will be easier for you to achieve your goals because it doesn't cover common problems in crypto anymore. Besides that reading is the key to success for beginners, the advantages of this discussion space here are a lot of knowledge written by experienced experts, therefore read diligently.

Personally, it is the confusion of where and when to begin. As a non-technical beginner, I find it difficult to understand simple terms relevant to cryptocurrency. As cryptocurrency has a wide range and variety of subjects, it caused a mind full of thoughts and questions. At that moment, I have realized that I should not push myself to understand everything in a specific time frame. For that reason, I have gained some knowledge as time passes by. I start little by little, from its definition, words associated, crypto wallets, exchanges and etc. Thankfully, there’s a forum that exchanges ideas regarding cryptocurrency, which helped me enhance my understanding in the past years.

Beginner's problems come in several factors because they come from various aspects. Sometimes beginners get the wrong starters because of an inviter who teaches the wrong way. We can see an example in this forum where the jump in the number of newbies is increasing, of the many beginners only a few are involved in discussions looking for useful information in the future. The rest is to follow the campaigns all their life without a sufficient knowledge base. As a result, beginners are often disappointed after hard work.

If anyone isn't so careful about security in Crypto then he will face the biggest issue because all of his funds can be hacked.
So I will suggest all beginners to be careful and secure your funds that you earned by hardworking.

As a beginner back then, the biggest problem i had was distinguishing of cryptocurrency wallets around the crypto space. It was hard for me to understand the differences between the ERC20 and others, also, the BEP2 among others until some few years back. Till now some other beginners are still finding it difficult and still be involved into differentiating of these types of wallets.

I've faced many difficulties and I'm still currently facing few. One one the major problem I've faced is the private key issue.  I was thinking it is like normal password that could easily be recovered through e-mail or cell digits. Thank God the lost amount is not more than $50. Another problem I've faced is the issue of taking trade (buying /selling) from exchanges, the figures are just too much for me to comprehend. Now my major problem is passwords. I have different passwords for different accounts, to be able to know more than 30 passwords is becoming a problem. You will probably be thinking I should save it somewhere right? I usually work on phone, system and others. I Stan more security risks if I should store in on them

Some of the issues I encountered as a beginner in crypto sphere are:

1: Inability to organized my files in a secured and arranged manner such as; my usernames, passwords, etc used in various websites and Apps.

2: Jumping into any project I come across without first of all  going through the projects white paper for proper understanding of its roadmap.

3: Unable to exercise patience where and when it is required

The biggest issue facing me in crypto is getting to understand where different wallet addresses fall like erc-20, trc-20 and the likes.
Is a tron address also under the ethereum network or it has a network of it's own and why are they not as simple as Bitcoin wallet network?

PROBABLY GET BANNED FOR THIS LONG POST BUT I AM AT MY WITS END TO FIGURE OUT BASICS  HELP!!!
The biggest issue is that bitcoin and the whole crypto world is just too confusing for regular average people.
There is all this prediction that it will be the currency of the future but is just way too complicated. Also too time consuming.
People get impatient when they wait 20 seconds for the card reader at the store! Do you really think they are going to wait MINIMUM 10 minutes for a bitcoin transaction?
I have spent hours per day for 3 weeks and have a fair but very low understanding of crypto currency.
I feel like I need a degree in computer science though just to start to use it!
Most people on these sites seem to think everyone is on their level but I am a carpenter and I don't use a computer much.
Okay I am below average with computer skills but if everyone wants 100% participation in crypto for the future you need to see that 50% of the population is "below average"

Where can i find info on how to actually do all of this?

Please don't tell me to just google it because I have, and I get confusing and contradictory answers.
The thing that is probably holding millions of people back is the fear of losing their money.
Google fear of losing money on bitcoin and all the answers are about risk management, investment strategy, etc.
I am talking about the massive complexity of just a transfer, sending my bitcoin into space.
I managed somehow to buy bitcoin on coinbase and thought I had a wallet there but managed to send some to Bittrex but to do it again I don't think I can figure it out as I am literally terrified of using the wrong number.
I was given a 12 word code which appears to most people as just a massive heard attempt at making it easy for people to "lose" their bitcoins but obviously the exchange wallet still has them.
I think I am supposed to have a public address and a private address but there are palces to put just "address"
Is this my public address or private address and I don't even know which is which
and where is my private key? Is it the 12 words? Hardly a secret since coinbase had me enter them to make the transfer to bittrex.
And further contradictions are that my key is supposed to be my own secret key but there is even a post on here where they say to sign the post with my private key. Doesn't even make sense.

I'm sorry this is probably too many questions and I just don't know where to ask them.

The biggest issue regarding the bitcointalk forum for beginners: Learning that not all crypto coins are Bitcoin! Bitcoin is NOT a generic term for crypto coins. Would you call any off-road capable vehicle a Jeep? No. Would you call Chinese or Japanese, etc money a "Dollar"? No.

Only Bitcoin is BTC, all others are altcoins that have nothing to do with Bitcoin. Doesn't mean that they don't have value, some do rather well. But - they are not Bitcoin. They are XRP. Eth, Dodge, etc.

oops I'm sorry I guess I misunderstood the initial question.

I thought it referred to beginners with bitcoin. Maybe it is beginners with the forum

The biggest issue with the forum is I can't find simple answers to simple questions without being contradictory.

Example:
#1) I bought bitcoin on coinbase. Where are they?
answer: they don't actually exist, they are just numbers.

#2) how do I keep my bitcoin safe?
answer: put "them" in a wallet (contradicts #1 answer)

#3) Am I supposed to keep my private key secret?
answer: usually yes

Why then is there a post on this website asking newbies to sign their posts with their private key?
Is it a scam post to scam newbies?
unanswered

If you are referring to the pinned message here (https://bitcointalk.org/index.php?topic=990345.0), no it is not a scam. More of a poor choice of words.

AFAIK it means: Using your wallet software  be it Core, Electrum or whatrever- that only YOU have the private keys to - create a wallet then have the wallet generate a signed BTC address. You post that newly created signed BTC address - NOT your private keys!

That way if something happens with access to your account it allows admins to recover your control of it by having you send them another signed message FROM THE SAME WALLET to prove who you are.

As for what a wallet actually is... All blockchains are a ledger. that ledger holds a history of all transfers ever done on the blockchain. Refer to this Wikipedia entry about what a blockchain is. (https://en.wikipedia.org/wiki/Blockchain)

Start with that a crypto coin network be it Bitcoin, ETH, whatever, is housing a series of scripts that are all linked together in a chain - the Blockchain. Those scripts assign encrypted values to anything be it money, documents, hog belly futures, whatever, that all uniquely identify and refer to an originator of a transaction. The owner of the wallet that created the address & transaction is assigned a set of private keys. Your wallet software uses the private keys to create the tx/rcv addresses so the addresses uniquely point only to the address you created and in turn, the wallet that created the address.

The main points to all that are:
1) KEEP YOUR PRIVATE KEYS PRIVATE!
2) Use your wallet software to generate a Recovery Phrase for your Private Keys!
Keep copies of that recovery phrase(s) somewhere very safe and NOT on any computer! If you somehow lose your data those Recovery Phrase(s) will allow you  - or anyone else who has access to them - to re-create your wallets.

edit: All of that applies to using software wallets ran on a PC. In the case of webwallets - like Coinbase.com or Blockchain.com et al you do NOT have Private keys - only the website has them so there is no fear you of accidentally revealing your Private keys. HOWEVER - they DO provide you with a Recovery Seed Phrase that if needed can be used to regain control of your account. Treat that Recovery Seed Phrase the same as Private Keys because anyone who gets access to that seed can take over the account!

here are I think issues for beginners in crypto

1. they are excited - being excited is okay but since you are eager to jump right into, you forget that you are there to earn money and just buy everything without even doing research.

2. You don't know how to control your emotion since you just started and bought a promising coin may be, the price started to go down with that you panic and don't know correction in crypto, after a few days it gone up 20x and you regret it, never follow emotions in trading.

3. Buying coins that promise a good profit, this happens in me before.

4. Holding coins too long your money just sleeping and doing nothing in your wallet, you miss a great opportunity holding to something that never really has a future.

I guess this is some newbies are the biggest issue, you can correct me if I'm wrong in my statements,

My case has to do with my emotions, apart from the early days, I don't get the urge to engage in ponzi related scheme as 90% of Investors from my regions does but the fact that I still want to participate in every new trend in the industry is killing me. I would had been better off just holding my bitcoin and maybe today I would had own some good number of bitcoin but I keep making the mistakes of investing into alts that burns me yearly. The issue isn't that I'm not gaining (I do in USD) but I'm lossing my bitcoins in the process.

I can remember trading most of my bitcoins holdings for Ethereum in anticipation for the upgrade but today I have lost more bitcoin than I have gained US dollars profit. My emotions still has a strong influence in my decision making which is why I had to take some break from trading. Also had similar experience with DeFi, with time though I know I'll overcome but it is killing me currently which isn't just cool.

Thank You NotFuzzyWarm
Especially for not just ridiculing me for my lack of understanding, as I have spent hours and days reading and researching.
I am just horribly confused.
Your info is very helpful, and I just need to keep learning I guess.

I still can't figure out what my private keys are exactly so I am fearful of doing anything at all because I may accidentally give them out.

As a side note I am amazed how people who think Bitcoin will become the currency of the future cannot see the obvious reason it will not.
Because it is so complicated to use, but more importantly, the complexity it creates causes real fear of losing everything with one wrong click.
The fear is the reason.

Also people need to understand that some people will just scam in the name of help. Newbies should be careful with that. I know many people who want to invest money in bitcoin but since they do not know anything about bitcoins, they take help from people and those people rather then helping try to scam them.

Yes I think newbies many times actually do understand that but since it is so complicated they just choose not to get involved.

Most people just give up and I don't believe will pursue as much as I have,

It took me hours of research to finally make my small purchase of bitcoin and even managed to send some to another website.

I was careful to write down the dozen or so numbers and the word phrases and keep them secret as recommended, but I am scared to death now to do any more since I can't figure out which numbers are what!

So even if newbies understand to protect our money, we don't know how.

At least with my bank and credit cards I don't fear sending my money off into oblivion, never to be found.

My biggest issue as a beginner is avoiding to fall for scam project and also avoiding to loss my fund in process of trading!!!

First time getting to know cryptocurrencies, I only focused on one problem, which I didn’t really understand. This is the biggest issue for me.
My question at the time  “what is BITCOIN”.
Then I was even more confused with all the other crypto terms. To be honest, it’s a simple question if people have been in the cryptocurrency
world for a long time. But being the hardest thing for a beginner.

My biggest issue so far has been knowing when to buy. I've been studying hard for about 1-2 months learning all I could from posts on this forum and suggested reading / video material so with a few questions I understood it quite well quite quickly. Knowing how to read the Bitcoin market I find difficult.

I know I have to invest, but I'm still looking for that tell tale sign that its the right time. I have Binance BTCGBP running all day on my second monitor watching and waiting for "that time". I know we're still in a bull run at the moment, but the waiting is tough. I've now got sub 12k in mind as my starting point but I've not seen that since the beginning of November, but before that I had sub 10k in mind but then it kept going up lol. I hear and read everyone saying that we're heading for a correction so I find it hard to make that purchase until we get that, but I try to keep in mind that we may not get a correction. This might be the new norm and it might go up.

I'm not worried about losing what I want to put in, I'm just being cautious because I want to do it right and limit my losses based on what I'm hearing and reading. So yeah, that's my biggest issue as a beginner.

paypal gonna make this worse

Most of them don't know how to buy BTC and if they figure out, the source of information is from social media which they could likely be scammed. Some of them buy an altcoin instead believing the promise of someone who was also influenced by a friend of a friend on social media like facebook.  Facebook had always been their source of information because its the only place they go like its the only website. Just one of the issue.

The biggest issue for beginners on this forum is overwhelming amount of useful information. It's hard to decide where to start and where to look because it's impossible to read everything. I think that is the main reason why some questions are often repeated. There should be some organization and easier searching of the forum.

that is a general issue with forums

Most of us come here in the forum without knowing everything on crypto, There are many newbies that started here cluelessly and I know this forum helps them a lot to get the information they need. If you are a newbie it's better to explore some parts of the forum especially this board because this board consists of newbie questions and I'm sure that upon exploring there is something that you will decide to learn first and that is how your curiosity and knowledge will build up. It's true that there are many questions that is repeated over and over, But there are cases that the topic is the same but their scenarios are unique.

In my humble opinion I would say you need to learn the basics, because I experienced similar issues, but not with trading but understanding how the forum works. I think this board helps us newbies to participate rightly and unfolds a lot about crypto currency and bitcion.

I have been directed so many time to this forum by google when I was searching info related to bitcoin until one day I saw a post asking people to do a review in order to earn. I think tokentops and that was how I joined the forum. My first challenge was having to login my account every time with that frustrating captcha but later I discovered I can permanently login. I also had issue doing multitask job even though then scam were not that rampant. I was also face with challenge of having to post an image on the platform without resulting in that proxy error display. Finally, reading pm message was also a challenge because then I didn't know how to check and reply inbox

The biggest issue and problem that a beginner encounters on this platform is signing up without necessary or proper guidance of what the platform is all about and how to abide by the rules and regulations the bind the forum. And not even the basic knowledge of what crypto currencies is all about.
 

Issue newbies or beginners are:

first Don't know where to start, as newbies you are overwhelmed by the information given by people
Scammed since you are newbies you don't know if it's legit or not, and you become one of the victims.
No strategy when investing, due to FOMO newbies don't spend their funds intelligently they just go with the flow

all of this I experience when I started as newbies

So far two issues:
1. Search function on this forum sucks
2. Can't find yet any trusted member to sell few coins

My biggest earning so far is knowledge in bitcoin and cryptography

For me the biggest issues as for beginner in crypto world is a lack of knowledge about crypto industries and a requirement to more practising with trading and investing.  ??? I've came into this sphere because I would like to try myself in the unknown field and get some easy profit  ;D

A beginner always goes behind money but does not want to learn by giving enough time to such space, so there can't be any issues to beginners but with beginners themselves. Beginners don't watch out to learn about this crypto space, then they get scammed and then, they simply cry it out loud here. There are basic things about technicals available online which can be searched and read, but beginners won't find it because they won't search. The worst part is, they're made to daydream about crypto to be a life-changing experience for them in the near future but nobody awares them of the risks associated.

My time when I was new in cryptocurrency, my biggest issue are the technicalities and hardship during the creation of wallet, transfer and even buying and selling crypto like bitcoin or altcoins. I had some failing transactions for not checking it right and loses some money or crypto during the process. However, I learn in my mistakes so for the newbies out there, it is good to transfer funds, buying or selling when you aren't sure of everything to test out small amount of funds during the transfer.

I believe all it takes is a bit of research and everything is available on the internet. If not, such things were asked here and we tried our best since we've been here to help beginners catch up everything quickly because we love to share. And TBH, even I was a beginner once and I don't come from a technical field, still never found it hard to at least create a new wallet and transfer my coins. Trading crypto was my left hand game.  ;D

Emotional issues  ;D, either when holding for long term, investing in new projects and also crypto trading, I'm always hooked to my emotional feelings, still hard for me to control 100%, now I only have to zero my mind when making a decision, may God have mercy on me  ;D ;D

The biggest mistake i experience is to invest alt-coin without proper investigation or research during pumping, hoping for more pump, instead the coin dumped, and i lost total money i used to invest on that particular coin.   

When I first started with crypto I had alot of issues
But the most of them was the learning aspects. I wasn't really that open to crypto
And that time I got into a lot of scam projects and it was tiring almost gave up
Till I found out about the forum and since then am learning new things day by day

1 YEAR AGO I STARTING EARNING WITH AIRDROP AFTER SOME DAYS I'M INVESTING ON ALT COINS THAT GIVE ME BIG LOSS MY ALL EARNED MONEY GETTING HUGE LOSS THAT'S WHY I QUIT TRADING ON ALT COINS AND FOMO IS BIGGEST THINGS TO ATTRACT BEGINNERS SO FIRST DO YOUR OWN SEARCH AND INVEST CAREFULLY NOT EVERYONE RICH WITH CRYPTO IF YOU'RE ALON THEN FIRST MAKE TRUSTED FRIEND BECOUSE WORLD'S MOST EXPENSIVE THINGS IN A WORLD IS TRUST CHEAP PEOPLE CAN'T AFFORD SORRY FOR BAD ENGLISH :)

In my opinion, I think one of the most common mistake of a newbie is not making sure that they are able to comprehend the things that they need to learn about crypto. Like for example, here in the forum, when a question comes in their mind, they will start finding an accurate thread but then they will just scan it and wouldn't bother to read it at all. Another thing is not asking question and doing things on their own which sooner or later leads to massive loss or failure. You are free to ask here in the forum, you can find the answers to your questions too, just keep on exploring the forum but be careful with the information, not all are reliable and valid here.

Learning.

Learning is one of the most difficult task for an adult or a teenager. As a young person growing up, learning could be fun but as an adult or a teenager, the need to earn becomes the most important thing on your mind and as such, having the will to pursue a course that doesn't offer immediate benefit in currency becomes a very hard thing to do.
Unfortunately for people of this mindset, learning is the core values of this forum which makes it a daring one for beginners. But then, should you pick up the task and learn, you would always find it rewarding in the end.

Sapnu you said  " keep on exploring the forum but be careful with the information, not all are reliable and valid here."

This is so true, and also the more I explore for answers the more confused I am many times. Some info is flat out contradictory.

Can you tell me where to ask questions to basic questions? Like can I put my BTC in my ledger wallet without the private keys?

I am trying to do all recommendations and I see "if you don't have the keys, you don't own the bitcoin"

Also don't keep your BTC on exchanges.

I'm not sure how to get the private keys from exchanges (even read coinbase will not give them out) but now having the keys seems less important than getting my BTC off the exchanges.

I have BTC on 4 exchanges so can I put just one of the addresses in my ledger wallet and send all of it from each exchange to that one address?

     Or do I have to put addresses from all 4 exchanges in the wallet and then make sure I send the BTC from each exchange to the correct corresponding address? I guess that makes more sense because I am assuming I would need to send it back to the correct exchange if I want to cash out or trade.
Not sure how to do that yet but I just have to learn as I go and worry about that when I get that far!

Biggest issue Where can I ask questions and get a clear concise unconfusing and non-contradictory answer?

Thanks

Just read all my posts, start with the first ones, you'll find answers to some of your questions.
Combine your questions per topic and open dedicated threads to get help, people here are "paid" for answering so posting is welcomed :)

Helo,


I am not a expert but i can only share my experience wuth you that can be help you.
First time when i join cryptocurrency i can't understand what is the CRYPTOCURRENCY and TOKENS and COINS .

BUT after long time i understand the All cryptocurrency and All types of coin like ERC20 AND TRC20 ETC...


my only suggestion is don't quit cryptocurrency just learn about crypto..  in one time you become a expert 👍

See video on cryptocurrency on YouTube and read Articles in Google About cryptocurrency 👍

The key is to keep reading replies to relevant topics, they helped a lot  and most importantly, remember to do more findings on your own, no one is epitome of knowledge and we're bound to mistakes irrespective of experience.  Allow me to share a short story with you.

Just last week, we were discussing about blockchain on the forum and a particular member comment with a total different view and even explained how satoshi started it and what it's originally made for.  I was so touched that I had to go download materials and read extensively.  That's how knowledge is gained

Just like myself, the biggest issue I used to have was greed when I was a novice in the cryptocurrency world, which is the ability of eyeing greater profits without patiently waiting for a good turn to take a reasonable profit. I used to have an hasty impression about crypto trading which is earning a quick profit within a short period of time, I never knew trading doesn't goes that way until I was scammed. Ever since then, I got to research well and learnt so many aspects of trading, I got to be patient and realise all what seems shady to me in trading, I actually learnt my lesson in a very hard way. Bet now, I can tell the right from wrong and I would always think critically whenever I need to take any form of step before venturing into any trading.

First in our forum.

Some of the members don't take a look at the backbone of the forum which is the rules they ignore a lot of information that possibly gives them a chance to earn merit and rank up immediately. Also, they already attempted with the signature campaign and pushing out some of them the courage to rank up and create a lot of helpful threads. Few of them went to the bounty campaigns which is the cause of spamming too much and become a low-quality user.

Please avoid this kind of habit exchange an idea not to give a trash idea.

Also on their self-improvement, they want to earn with the cryptocurrency but the problem is they don't take time to invest knowledge this cause them to a mistake to their future investment, trade, or other related to crypto.

if you're talking about crypto with beginners the issues with them are that they don't know what's wrong, they commit a lot of mistakes because of a lack of knowledge as a beginner, for example, when I started in bitcointalk i have almost one bitcoin, and top coins also, since I don't know how to use them I spend them on useless projects and many things, I think as a beginner you need to have a small grasp of knowledge as a starter and learn bit by bit, along the way, lessen the mistake in the future, don't just follow what you read or heard from anyone, you need to do some research and ask people who really are trustworthy.

When I was still a newbie the biggest issue (which also gave me a lesson) is the part where I am greedy to earn and often invest in hyip websites.

I thought its a good idea knowing that you wont do something hard like exerting an effort in order to earn. Just invest and wait, so easy. I guess im a newbie that doesnt give a damn to take time learning about crypto and the legit way to earn to avoid scams.

I didnt know all of these but after losing a huge amount, I realized my mistakes and how important to do a research before entering in any investment opportunity.

This hit me! Im a newbie and i am really having a hard time in exploring things here. Though i searched and watched related things about bitcoin, i still wonder how earn here ( if we are talking about the forum) but luckily we have internet and help.page to help.us through the process. There are also things im still learning like:

- making different wallets, for bitcoin, ethereum etc.
- a lot of unfamiliar words related to bitcoin, that seems the same meaning if you read it but really not.
- can't differentiate real deals to the scams. Newbies are tend to lure by it.
- the merit system. Its not that i dont like this, but somehow eventhough we post good and meaning topic but if some people wont notice, newbie will be stay in its rank.
-and update other as i dig deeper to the forum.

Just a word of advice, learn on cryptocurrencies but do not chase for profit.

If you truly want to know about cryptocurrencies, there are lots of resources here in the forum. Lots of people are making guides, sharing their respective experiences, and teaching the basics of bitcoin. If you view this forum primarily for profit, chances are you won't be getting any. Learn while at the same time share your knowledge.

Newbies have a hard time in the forum because of their perspective that they joined here for 'profit'. I understand that there are opportunities like that but if you are determined enough to learn, that will be your investment for long-term.

Most of the things you listed are technical in nature and are quickly learned and understood by new members, don't worry.
As for the merit system, there's no need to be too burdened with it and think about it a lot.
I advise you to slowly learn about new things, educate yourself and through that you will grow and the quality of your posts on the forum will be better until someone recognizes it and gives you the merits.
This requires your time and investment and above all your patience.

Don't force yourself too much. Everything will come to you gradually, as it does to most of us.



Concentrate only on those you need at the moment. First of all, there is nothing wrong with the use of online wallet services (with the necessary precautions). When you've got a larger amount of crypto, you can easily migrate to some more secure solutions.
Useful reading: [General] Bitcoin Wallets - Which, what, why? (https://bitcointalk.org/index.php?topic=1631151.0)


You may find this topic useful: Terminology (https://bitcointalk.org/index.php?topic=126798.0)


My suggestion, follow the Scam Accusations (https://bitcointalk.org/index.php?board=83.0) board and don't forget the golden rule, "If it looks too good to be true, it usually is."
Useful reading: Guidelines, how to spot a scam ICO & report effectively. (https://bitcointalk.org/index.php?topic=5004397.0)


Try to add something that is useful to this community, and the community will reward it. I know this can be challenging for newcomers, but try to find your niche and write in topics that genuinely interest you. Don't just focus on earning merit, they'll come naturally.

Many beginners start their Crypto race with the wrong impression about cryptocurrency. They don’t have good knowledge about Cryptocurrency and want to make huge millions in a couple of years. They invest hugely into Cryptocurrency and many fall in the hand of Crypto evil doers.

As a newbie who's "officially" been in the crypto space for about two weeks my biggest issues have been:

1. Figuring out how, when, and where to buy crypto. There's so many exchanges, websites, apps, etc that are similar but also different. Wading
    through all these choices and trying to figure out how to protect yourself and your personal info is extremely tedious and intimidating. When I first
    started to research crypto and how to enter the space the price was around 20k for bitcoin. By the time I felt safe enough to enter it was in the 30k
    region and rising fast. I felt extremely pressured and intimidated because of this. I made my first bitcoin purchase from a P2P site with cash in person
    (at a police station safe exchange zone). The transaction was very smooth and the seller was very helpful. It was only for a few hundred dollars but I
    was ok with it because I just wanted to figure out how to do things. When I got home I transferred the bitcoin to my cold storage and felt pretty good
    about completing the process. My second purchase was larger and from the same person but at about 15% higher price because I didn't wait for the
    dip to reach the bottom (MY FIRST BIG MISTAKE). I didn't buy at the ATH but I should have waited out the dip, but because I had to meet the seller
    at a certain day/time I paid too high of a price. It's also a good way to learn to not buy/trade hastily and with too much emotion.

2. KYC vs No KYC - I joined one of the big exchanges first but stopped short of giving my bank information because I just didn't feel comfortable
    doing it yet. So far I have only done purchases from P2P in person with cash without having to give out any personal info. But I'm realizing that I
    need a better way of purchasing crypto instantaneously to get it at the price I want, and because of this I'm pretty sure I'm going to have to use my
    personal and bank information on one of the exchanges/apps. I honestly don't see a way around this, but maybe that's just because I'm
    inexperienced. But in order to DCA and buy at the dips I feel that you need the instant purchasing power of an exchange or app that specifically does
    this. Pure P2P is great but you're at the mercy of who's online at the moment and their prices, not to mention you absolutely have to be sure your
    transaction is safe from robbery, scams, or even undercover cops.

3. Technical learning curve - Some things you just have to learn on the fly. One example is how bitcoin has unique addresses for each transaction and
    other coins use the same address. Another time an address had some strange icon at the beginning and I didn't know if it would mess up my
    transaction (it didn't). Bitcoin fees, Ethereum network fees, exchange fees, etc I'm still trying to figure out.

All in all it's been a very eye opening experience. Being on this message board has been very helpful as well as watching thousands of Youtube videos. You just have to wade through all the scams and BS, which is not easy. I don't think I'll get rich from crypto, but if I do things right it'll definitely be better off than if I didn't get into the space. It's also pretty interesting and seeing how blockchain works and the potential that it has. I have a very long road ahead of me in terms of crypto but as long as it matures in a mostly positive way and I enjoy learning it I'll stay in. My advice is just to get in for as much as you can afford (even if it's $50 - $100). Take baby steps and learn (read everything you can and watch Youtube tutorials), it's a crazy space now but when it does settle down and mature I think you'll be better off getting into it now before mass adoption.

I have been on the Internet for a very long time and people have believed since the beginning of the Internet that a lot of money can be made on the Internet without concrete work and effort.
People used to invest in mlm schemes or revenue sharing programs without a specific product or service and now they believe they just need to invest some money in cryptocurrencies and wait to become rich.
Beginners should first be well informed about cryptocurrencies and have realistic expectations otherwise they may lose everything here, both their money and time.
Wrong judgments and decisions can result in disaster and many losses.

Not loosing the password for the wallet.

The biggest challenge's of beginner is lack of observation, understanding and inability to read and obey the rules and regulations of the forum and most especially cryptocurrencies, because I could flashback when I joined the community most of things discussed here was strange to me and I begins to read every post in different board in other to have the Pre knowledge of cryptocurrency, I know is obvious that issues does not finish but the major once a beginner have to know.
∆ understanding
∆ observation
∆ passion to overcome issues

The big problem I faced when I first got to know crypto was I didn't believe in myself, it felt like in a fairy tale, At that time I first did crypto selling / buying and I went to the bank, you know I almost fainted, it turns out that the money from crypto is real money that I took.

That's a moment that I will never forget, well, if I remember the problems in the past, maybe I will smile to myself, I was so stupid that I felt that, not sure that the world has changed with sophisticated technology.

We can missed it and forget it bro, but bitcoin just like a kid with 11 yo, We are here not too late, we are still can buy BTC or good altcoin for our future. Everyone predicted BTC will going to $100K someday, if we have at least 0.3 in our wallet, maybe we will be happy later. It will be stupid for us if we are still not believe in BTC or altc till we died. Everyone learning by mistake, you are now here and become a part of this technology.

I joined the forum about a month ago. My personal experience with the forum the biggest challenge was understanding how the forum worked...simple things like quoting a post or moving a topic.The beginners and help section did help because I found the answers to most of my questions in previous threads. Also I felt intimidated by the posts of higher ranking members because I knew my knowledge of crypto was mediocre and more so primitive when compared to their wisdom and experience. But that also fueled my desire and hunger for knowledge. It's been quite the ride.

No one is perfect at the start and you need to learn even the basic things if you are new on the forum. I think you have learned very quickly and gain member rank in a short period of time. I have seen people remain stuck on Newbies and Jr Members for months & years and they have no clue on how to rank up.

Probably the biggest problem for beginners is generally to understand how cryptocurrency works and where to start studying cryptocurrency. Also, some beginners have a problem with finding sources of information

The 360s message while replying to a post. ;D

Should i invest in bitcoin or other alt coins?
As predictions, bitcoin will hype. Its clear that go man invest in bitclin. But i think its a long term investment. I have to wait alot.
Investing in new altcoins is better or in bitcoin?

It depend on your behalf, Since you are very new and want to invest for long terms, Bitcoin is the best (IMO). Another people will suggest you to invest in altcoin, but be careful if you are choosing new coins/token, since a lot of scam project coming with this bullish hype. I can't give any suggestion, you need to research by your self before take a decisions for your investment. DWYOR/DYOR

Thanks! I'm grateful for my progress. I must confess its not easy but with determination and the hunger to learn, things just seem to blend in. I'm shocked when I see active newbies account dated 2018...it's crazy. Well I'm Member now, I feel like more is expected of me and I have to work harder to improve and earn my place here.

Yes for my research and discussion i joined different bitcoin forums and this one looks great as well as very helpfull members. As i planned to invest in bitcoin but also in some new alt coins as it has also the potential to give handsome profit. But main investment will be bitcoin. Also thinking about ETH.

I think for beginners the biggest issue is being realistic and having realistic expectations.
A lot of beginners in the crypto apace think that they can get rich very quick and they jump into crypto investments without first getting the required knowledge on how to trade and invest and lessons on the potential red glass to look out for in scam projects.

Of course I think it is difficult for a new member to work in every place because that new member can hinder his progress in every step of the way so he must take some solution from the experts who are there so that they can work somewhere.  After the case they do not get stuck easily

Working hard and spend your maximum time here to get success. Every important post you should be catching. You might be understand every important post too.

The difficulty faced by newbies when they just enter the world of cryptocurrency is the lack of a mentor or teacher who can teach cryptocurrency to a newbie so that in understanding the ins and outs of digital currency and blockchain technology, one takes longer. There is very little knowledge that studies blockchain at school or at university, even though we all know that the knowledge of blockchain can be very useful for people who have crazy ideas for innovation, especially in the world of fintech.

So far, what I have seen in my country, the cryptocurrency community is self-taught about blockchain technology, few of them who have the same frequency decide to study together and create a group to learn together about cryptocurrency.

The biggest issue every beginner might face is taking crypto as a way of earning a quick buck. Looking for bounties, day trading, FOMO, etc. Crypto is here for a long now. Sit back and learn around before taking actions.

Hello! Im beginners, crypto is money for me and my family. We read about bitcoin, altcoins ETH, XRP, DOGE and new altcoin ICO. Now I m need time to know that its to do!

Once I was a beginner, I didn't know that XLM requires memo id and XRP requires a destination tag. It's good if you have a unique address and receive these coins in your atomic wallet. But if you send them outside your wallet, you should be careful.

I've sent mistakenly XLM without a memo id to Simpleswap exchange. I realized it after sending coins to their XLM address that required a memo id. I contacted them and receive an explanation that always include a memo id when sending XLM to simpleswap. Good experience with this exchanger which I use from time to time and not good starting from my end in crypto world.

I'd advise each newbie to be more careful and check everything several times before sending coins anywhere!