JanMalessa (OP)
Newbie
Offline
Activity: 6
Merit: 1
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March 13, 2016, 01:50:41 AM |
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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
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2015Bubble
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March 13, 2016, 01:58:09 AM |
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Ahoy there Im a beginner with electronic currencies and started using Yobit few days ago I would like to know what types of common mistakes newbies make and what to avoid in early days Regards You can swap it for BTC and buy some mETH on Nuclues. I would advise you to use escrow because FE is risky and can get you scammed.
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Hirose UK
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March 13, 2016, 02:47:26 AM |
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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 are you only asking for the mistakes you may do on yobit in the future or you are asking about common mistakes newbies make in all categories of bitcoin service?
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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cooldgamer
Legendary
Offline
Activity: 1218
Merit: 1003
We are the champions of the night
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March 13, 2016, 03:20:43 AM |
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- 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
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croato
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March 13, 2016, 03:44:04 AM |
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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).
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X-ray
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March 13, 2016, 03:51:11 AM |
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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.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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Amph
Legendary
Offline
Activity: 3206
Merit: 1069
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March 13, 2016, 07:13:02 AM |
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don't buy coin that are clearly shitcoin, like all those stff that are copy of another great coin and does not offer anything new
and especially do not buy asic altcoin, scrypt, x11/13/15, those are dumped hard by asic, and also do not invest in suspicious ico/heavy premined coin etc...
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23dzmaz
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March 13, 2016, 09:34:47 AM |
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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 Don't waste your time on faucets, because it's really waste your time and your earned so small. Always remember your wallet identifier, because many newbies forget about their wallet.
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silentkiller
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March 13, 2016, 09:40:50 AM |
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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 Don't waste your time on faucets, because it's really waste your time and your earned so small. Always remember your wallet identifier, because many newbies forget about their wallet. Better to save on a notepad all your password and identifiers on your diferrent wallets. For example is blockchain, you need to copy and save all the details so that if you forgot anything on it , you have a copy of it.
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breeze170
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March 13, 2016, 10:55:12 AM |
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Thank you people for help, this might really help. Also one thing I learned, never trust anybody on economics board. They sometimes try to pump
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snipie
Legendary
Offline
Activity: 3206
Merit: 1140
#SWGT CERTIK Audited
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March 13, 2016, 11:06:32 AM |
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My mistake with yobit is that I bought few shitcoins with 1 satoshi then I failed to sell it again (forever) I think yobit had to remove these kinds of altcoins from their system...
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Kprawn
Legendary
Offline
Activity: 1904
Merit: 1074
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March 13, 2016, 11:34:03 AM |
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Ahoy there Im a beginner with electronic currencies and started using Yobit few days ago I would like to know what types of common mistakes newbies make and what to avoid in early days Regards You can swap it for BTC and buy some mETH on Nuclues. I would advise you to use escrow because FE is risky and can get you scammed. Your biggest mistake will be to listen to advice like this and then be left out of pocket, because you bought into a pump n dump scheme. There are currently a lot of ETH pumpers on this forum, trying to pump the price and getting others to buy, so that they could sell at a profit. Just ignore this advice and do your own research and remember this forum is not a place for financial advice. Bitcoin is the strongest Crypto currency out there and it has no central figure head to be attacked... this is where other Alt coins are vulnerable.
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JanMalessa (OP)
Newbie
Offline
Activity: 6
Merit: 1
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March 13, 2016, 11:41:09 AM |
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are you only asking for the mistakes you may do on yobit in the future or you are asking about common mistakes newbies make in all categories of bitcoin service? [/quote]
Im asking about Yobit mainly Thank you for all the info
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JessicaSe
Legendary
Offline
Activity: 840
Merit: 1000
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March 13, 2016, 12:37:41 PM |
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The most common mistake done by a newbie is they start using their bitcoin on gambling as they want to multiply their coins in a short time and gradually end up loosing everything, so it is recommended to stay away from gambling.
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JosNekoKopa
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March 13, 2016, 01:07:27 PM |
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Your biggest mistake will be to listen to advice like this and then be left out of pocket, because you bought into a pump n dump scheme. There are currently a lot of ETH pumpers on this forum, trying to pump the price and getting others to buy, so that they could sell at a profit. Just ignore this advice and do your own research and remember this forum is not a place for financial advice. Bitcoin is the strongest Crypto currency out there and it has no central figure head to be attacked... this is where other Alt coins are vulnerable. Yes this is worse than a spam, they have several topics related to ETH and this hype is based on ponzi, for me to earn money somebody must buy at this price.. I believe the project have something unique and good, but this has nothing in common with pump behind it.
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tabas
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March 13, 2016, 02:33:10 PM |
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The most common mistake done by a newbie is they start using their bitcoin on gambling as they want to multiply their coins in a short time and gradually end up loosing everything, so it is recommended to stay away from gambling.
yes i found your suggestion very helpful , i don't want to put my bitcoin on gambling because its more on losing
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clickerz
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March 13, 2016, 04:14:29 PM |
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The most common mistake done by a newbie is they start using their bitcoin on gambling as they want to multiply their coins in a short time and gradually end up loosing everything, so it is recommended to stay away from gambling.
Take note on this and not only in Gambling but also on Ponzi Scheme or other HYIP programs. Scams are everywhere here, be cautious when your btc is involved. Transact with reputable member,better to use escrow in any transactions.
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Open for Campaigns
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bleachedno
Member
Offline
Activity: 112
Merit: 10
★YoBit.Net★ 350+ Coins Exchange & Dice
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March 13, 2016, 06:35:42 PM |
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Now i have to ask some offtopic question why blockchain should not be used as wallet? i keep a fair big ammount there never any issues since now
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Fortify
Legendary
Offline
Activity: 2716
Merit: 1194
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March 13, 2016, 07:03:29 PM |
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My one piece of advice would have to be: If it looks too good to be true, it probably is. As in, you're not going to be the 1 in a million who happened to invest in the next-big-thing at the right time so you're better off just sticking with 2-3 currencies and monitoring them in detail.
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notlist3d
Legendary
Offline
Activity: 1456
Merit: 1000
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March 13, 2016, 07:29:01 PM |
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Don't jump into a signature campaign. Allow some time to learn about the forum and bitcoin's before joining one. So many hear of "easy" money and try to jump in one and have utter crap posts. Your time being a low level is unique as you can learn a LOT about bitcoins and also about making a good post.
I personally waited till hero. Looking back wish full member I would have joined one... but live and learn. I think full member with it usually paying more is proper level to start joining a signature campaign.
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