watermark
Newbie
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Activity: 39
Merit: 0
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April 18, 2016, 04:35:03 PM |
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Newbies probably spend too much time on faucets and don't get much from them. However, if the price of a bitcoin goes way up in the future, it could pay off some.
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stromma44
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April 18, 2016, 09:47:39 PM |
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Newbies probably spend too much time on faucets and don't get much from them. However, if the price of a bitcoin goes way up in the future, it could pay off some.
Faucets are good to start off, but if they spend much more time on gambling sites then that is something really to worry, as every one commits this mistake to make quick money. |
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TryAngle
Member
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Activity: 61
Merit: 10
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April 19, 2016, 04:30:22 PM |
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Panic buying and panic selling are easy mistakes to make in bitcoin or in the stock market too.
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knightkon
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April 19, 2016, 04:39:50 PM |
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I have to put it out there that you need to avoid listening to people on new sites you can earn free BTC or such in order to trade on obit. I have been a member of them for some time now and I like it. They have very few issues if any and they are great on fixing them. Good luck.
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adomers
Newbie
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Activity: 42
Merit: 0
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April 20, 2016, 12:20:44 PM |
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I have to put it out there that you need to avoid listening to people on new sites you can earn free BTC or such in order to trade on obit. I have been a member of them for some time now and I like it. They have very few issues if any and they are great on fixing them. Good luck.
Most common mistake of a newbie are ,putting investments in HYIP , gambling .many newbies loss their bitcoins when playing gambling. Like me. |
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codehtcmail
Sr. Member
Offline
Activity: 1190
Merit: 260
Tryig to survive in this harsh world
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April 20, 2016, 12:47:38 PM |
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The biggest mistake of anyone newbie or experienced is to fall for fast rich scams. Some scams are very sophisticated and some scammers will spend years to build trust and then disappear when they think they reached the maximum amount they can swindle.
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Xenophoto
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April 20, 2016, 01:10:57 PM |
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Panic buying and panic selling are easy mistakes to make in bitcoin or in the stock market too.
Indeed, some newbie think that they can make money of trading after 5 minutes (except in some occasions). If you're going to do trading, you have to be patient. You should be able to hold on to your coin for an hour up to 2 days or maybe longer. Trading is not for impatient people. |
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n0ne
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April 21, 2016, 07:00:27 AM |
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The biggest mistake of anyone newbie or experienced is to fall for fast rich scams. Some scams are very sophisticated and some scammers will spend years to build trust and then disappear when they think they reached the maximum amount they can swindle.
Yeah it happens through scammed sites which go off without notification. Also I think most newbies who dream of being rich just losses everything through gambling without understanding the reality behind it. |
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GailSan
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April 21, 2016, 08:24:39 AM |
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I've been scammed a couple of times but my biggest mistakes have been buying a coin right at the peak price before it plummets. That happened a number of times when I first got in to Crypto but I've learned to be very cautious now and can read the buy/sell order books. Not saying I don't still make that mistake but at least I don't panic dump. I've learned that most coins will rise again.  |
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setupbounds
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April 24, 2016, 03:17:46 PM |
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Keeping the wallet safe if the first thing. since Newbie is new to this and can loss the little money he has. Always use Desktop Wallet.
Best one Electrum and bread wallet.
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SquallLeonhart
Legendary
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Activity: 2352
Merit: 1101
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April 24, 2016, 09:30:02 PM |
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Keeping the wallet safe if the first thing. since Newbie is new to this and can loss the little money he has. Always use Desktop Wallet.
Best one Electrum and bread wallet.
Yeah Electrum is the best wallet as it is very secure and safe and which cannot be hacked easily, so your bitcoin will be safe as a newbie he needs to take proper care at a initial stage. |
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KawaBunGa
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April 25, 2016, 06:57:07 AM |
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Keeping the wallet safe if the first thing. since Newbie is new to this and can loss the little money he has. Always use Desktop Wallet.
Best one Electrum and bread wallet.
What can you say about blockchain.info online wallet, if I use 2 factor authorization? |
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eddyubachs
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April 25, 2016, 08:36:53 AM |
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I think newbie will try to earn quick money and invest money in ponzi sites or may be gamble with bitcoin, this are the common mistakes made by newbie at primary stage.
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Herbert2020
Legendary
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Activity: 1946
Merit: 1137
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April 25, 2016, 12:50:37 PM |
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Keeping the wallet safe if the first thing. since Newbie is new to this and can loss the little money he has. Always use Desktop Wallet.
Best one Electrum and bread wallet.
What can you say about blockchain.info online wallet, if I use 2 factor authorization? blockchain.info is a web wallet and that makes it unsafe because it is online and being online makes it easy for hackers to steal your secret information like password,... with things like phishing, malware,... using 2fa makes it harder but it is not 100% if you want to be sure, use offline (cold) storage. |
Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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KawaBunGa
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April 25, 2016, 03:16:56 PM |
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Keeping the wallet safe if the first thing. since Newbie is new to this and can loss the little money he has. Always use Desktop Wallet.
Best one Electrum and bread wallet.
What can you say about blockchain.info online wallet, if I use 2 factor authorization? blockchain.info is a web wallet and that makes it unsafe because it is online and being online makes it easy for hackers to steal your secret information like password,... with things like phishing, malware,... using 2fa makes it harder but it is not 100% if you want to be sure, use offline (cold) storage. Thanks, I'll think about it |
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BAGOBO
Legendary
Offline
Activity: 1163
Merit: 1005
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April 25, 2016, 03:44:39 PM |
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I think newbie will try to earn quick money and invest money in ponzi sites or may be gamble with bitcoin, this are the common mistakes made by newbie at primary stage.
Not only ponzi, by gambling also make you suffer of lossing no matter what method did they use. I'm ever experience that : I'm deposit 0.01 and try to make 0.02 but I got busted by doing 90% chance of winning ! |
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Jasad
Legendary
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Activity: 1414
Merit: 1002
= jasad =
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April 25, 2016, 05:56:36 PM |
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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 so many,and some of that mistake was create by newbie mindset,this is the point. the biggest mistake that common coming to newbie is they are thinking of how to earn bitcoin fastly and easily,they should think how to know more and more about bitcoin,and way to earn bitcoin will opened. |
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Exurban
Newbie
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Activity: 24
Merit: 0
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April 25, 2016, 06:09:04 PM |
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Nowadays, I think the most common mistake is not actually trying to figure out whether or not Bitcoin is right for you. Most people look at Bitcoin as a way to make money fast, when it is not at all. Then they get rather impatient and frustrated and it's not healthy. The false conception of being able to make money fast should probably stop.
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topper26
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April 28, 2016, 06:20:02 PM |
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while bitcoin is in the mid 400 to 500 range is it a bad idea to buy a little each week not looking for short term profit but acquiring as many bitcoins as possible for future value ie 10-20 yrs when bitcoin may be 5k, 10k, 50k??
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garmerys
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April 30, 2016, 01:07:52 PM |
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For newbies dont waste time with faucets and cloud mining
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