MOST COMMON MISTAKES OF A NEWBIE

[hendra147]

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

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

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

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

[Fatanut]

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

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

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

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

[hs13]

• Always use escrow on the forum, preferably multisig
• Never mix Crypto and reversable payment methods like Paypal
• If it seems like too good a deal, it's probably stolen/carded/hacked
• Don't keep large amounts on an exchange
• Don't use a online wallet like Blockchain.info.  For smaller amounts use a local wallet like Electrum, cold storage for larger ones
• Accounts can be freely traded on here, be careful who you trust
• Always verify who you're trading with using a message on here.  Never send right over Skype/IRC

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

[benjidaimio]

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

[Mike Mayor]

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

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

[stonefree]

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

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

[wildan88]

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

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

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

[xIIImaL]

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

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

[delliaerd]

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

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

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

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

[wildan88]

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

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

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

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

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

[jossiel]

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

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

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

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

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

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

[benjidaimio]

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

Thanks for the advice!

[jossiel]

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

Thanks for the advice!

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

[recoles]

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

Regards

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

[Anoona]

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


Cheers!

[shenkeng]

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

[Xenophoto]

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

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

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

[Mvaporis1961]

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

[kandizhu]

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

Thanks for the advice!

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

[dhifa]

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

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

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

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

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

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

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