MOST COMMON MISTAKES OF A NEWBIE

[DeathAngel]

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

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

[ajrah]

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

[Snorek]

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

The most common mistakes I have seen over the last several years:

• Forgetting (or being too lazy) to back up your wallet. So many newbies have needlessly lost so many bitcoins.
• Letting other people hold your bitcoins for you. Newbies just aren't aware of how often companies lose your bitcoins.
• Investing in cloud mining. Cloud mining is a poor investment at best, and most cloud mining sites are scams.
• Working for bitcoins from faucets and signature campaigns. I don't know why newbies are willing to work for a few pennies per hour when they could earn a hundred times more with a minimum-wage job.
• Investing in mining equipment. It is very difficult to make a profit mining Bitcoins. It requires knowledge and experience. It is not appropriate for newbies.

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

[rizkyhiw]

just a little added

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

[n0ne]

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

[upsidedown75]

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

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

[jossiel]

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

[michnelli6]

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

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

[Daugh]

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.

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

[mixan]

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

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

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

[Monnt]

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

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

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

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

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


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

[vipulrocks]

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

[bitgolden]

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

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

[jrpatking]

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

[Capitascism]

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

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

[jrpatking]

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

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

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

[maniator]

Newbie thinks he/she can be rich overnight.

[IMR]

Naivity

[isawmammoth]

Full trust to markets (mt.gox etc)

[leowonderful]

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