MOST COMMON MISTAKES OF A NEWBIE

[socks435]

Cloudmining is the most common mistake a newbie makes.
The big majority loses money with that.

Yeah right because i experience that i was a newbie before and experience of scam from cloud mining and investment site..
I believing before that i will be make more money there if i invest but for trial i invest some money but the result never made any withdraw because those sites are scam.. i found this forum and ask why this is happening and learn a lot from them..

[Strongkored]

I think the common mistakes made by newbie is easy to believe in others and trust in such HYIP investment sites that offer great interest. My advice avoid sites like HYIP, CLOUDMINING, and do not easily trust people not known.

Yes, they do always fall on those scams like hyip investments site believing that they'll gain such big money but don't have any idea how hard to gain a single Satoshi. Well everyone passes thru newbie and we can't blame them since we also do the same thing when we're only a newbie. We learn from mistakes and don't fall into it again.

haha yeah u right, before I joined this forum I could trust with cloudmining. But after reading the threads and messages from people who are more experienced I decided to never believe: D So with my experience as a newbie, I would like people do not get caught or be fooled by things like that.

[pearl11]

Cloudmining is the most common mistake a newbie makes.
The big majority loses money with that.

Its the only way they know how to earn btc in a fast way.
They will not even think of what will happen when the site collapse.
Only those early bird will.benefit in this sites

[Xenophoto]

Cloudmining is the most common mistake a newbie makes.
The big majority loses money with that.

Maybe most common is keeping money on exchanges? They treat exchanges like wallet which is just huge newbie mistake.

It's one of the mistakes people in the bitcoin world do but it's not that common because not everyone's into alt coin trading. Although after cryptsy has pulled a scam, people are thinking YoBit will do the same thing. There are numerous of scam accusations in here about YoBit not giving their money and people should be aware that at any moment, YoBit can run away as well.

[john2231]

Cloudmining is the most common mistake a newbie makes.
The big majority loses money with that.

Its the only way they know how to earn btc in a fast way.
They will not even think of what will happen when the site collapse.
Only those early bird will.benefit in this sites

Not only early birds i think also newbie can still have benefits here in our site because we have some task here that you can do easily and earn bitcoins ..
But the problem for those newbie they are lazy or they are not trying it first before they give a final desicion to dont wait instead to scam someone..

[milewilda]

Cloudmining is the most common mistake a newbie makes.
The big majority loses money with that.

Its the only way they know how to earn btc in a fast way.
They will not even think of what will happen when the site collapse.
Only those early bird will.benefit in this sites

As of today even those early birds on a ponzi site can't even reach their roi because some just operate only a day or 2.. sad to say many newbie like me fall to those kind of hyips but I learned a lesson in every mistake that I make. Well charge it to experience.

[facepalm]

You have cured me from my cloud mining dreams!
Thank you all a lot.

[Tyrantt]

I've been using haspower cloud mining (i think it's that one) and I've made a slight profit, after a month or so after I've completely forgot about it. But I wouldn't recommend using cloud mining, too much of a scam sites.

[Fatanut]

I've been using haspower cloud mining (i think it's that one) and I've made a slight profit, after a month or so after I've completely forgot about it. But I wouldn't recommend using cloud mining, too much of a scam sites.

Having income from Cloud Mining sites are so rare these days. I think you have invested in the site days after they have officially launched it. Good thing for you because most people who invested in cloud mining sites have realized that it's a scam after investing on it. All of them wants to get away from the site after realizing that.

[Axente]

I've been using haspower cloud mining (i think it's that one) and I've made a slight profit, after a month or so after I've completely forgot about it. But I wouldn't recommend using cloud mining, too much of a scam sites.

Having income from Cloud Mining sites are so rare these days. I think you have invested in the site days after they have officially launched it. Good thing for you because most people who invested in cloud mining sites have realized that it's a scam after investing on it. All of them wants to get away from the site after realizing that.

But most newbies see it as their dream only money needed to get more money in return without reall investment. And most of the times won't read about it. Thats why I think its good people put up "watch out for this ponzi" and still you see people investing because they think. It won't hit me.

[greBit]

I've been using haspower cloud mining (i think it's that one) and I've made a slight profit, after a month or so after I've completely forgot about it. But I wouldn't recommend using cloud mining, too much of a scam sites.

Having income from Cloud Mining sites are so rare these days. I think you have invested in the site days after they have officially launched it. Good thing for you because most people who invested in cloud mining sites have realized that it's a scam after investing on it. All of them wants to get away from the site after realizing that.

If a site is new then you can expect returns for limited period but you cannot expect that it will pay you regularly in long run, you can earn profits if you withdraw at right time.

[shashank5119]

I have seen many newbies asking for loan without collateral in this forum and getting a negative trust here.This is one of the mistakes newbie do.This give them a bad start in this forum.So i think they should be careful at start and first learn here.

[escrowboy]

Cloudmining is the most common mistake a newbie makes.
The big majority loses money with that.

It is since a newbie is gullible and easily attracted with things they see in internet. A too good to be true is already enough to make them believe they will get a good earnings not thinking that there's a big risk they will lose their money by getting scammed.

[a7goo]

I think the most commons errors for newbies are:
- forget the priv key / password seed client
- "earn" with faucet
- forget how btc work

[JumperX]

I think the most commons errors for newbies are:
- forget the priv key / password seed client
- "earn" with faucet
- forget how btc work

That can be some of the mistakes and other mistakes includes investing in ponzi and going for gambling to multiply their coins in quick span of time.

[escrowboy]

I think the most commons errors for newbies are:
- forget the priv key / password seed client
- "earn" with faucet
- forget how btc work

Earning in a faucet site is not a mistake since you can't really "Earn" in a faucet and you are just wasting your time solving captchas for an hour and do realize that you just get small cent.

[pooya87]

I think the most commons errors for newbies are:
- forget the priv key / password seed client
- "earn" with faucet
- forget how btc work

Earning in a faucet site is not a mistake since you can't really "Earn" in a faucet and you are just wasting your time solving captchas for an hour and do realize that you just get small cent.

actually it IS a mistake, maybe not a big mistake but still. because when you claim faucets not only you are wasting your time which is precious more than anything else, but also you are filling your wallet with dust. that will lead to a lot of trouble when you want to spend all those little inputs and have to pay a lot of fee because the transaction would be huge.

[Fatanut]

I've been using haspower cloud mining (i think it's that one) and I've made a slight profit, after a month or so after I've completely forgot about it. But I wouldn't recommend using cloud mining, too much of a scam sites.

Having income from Cloud Mining sites are so rare these days. I think you have invested in the site days after they have officially launched it. Good thing for you because most people who invested in cloud mining sites have realized that it's a scam after investing on it. All of them wants to get away from the site after realizing that.

If a site is new then you can expect returns for limited period but you cannot expect that it will pay you regularly in long run, you can earn profits if you withdraw at right time.

Not entirely true. Just because you have invested in a new HYIP, doesn't mean you'll get profit out of it. In some sites, you have to wait 3 months to get your ROI, some even more. They say it's a "lifetime" thing but they wouldn't even let you get your ROI. They would pump the advertisements/promotions and then run away before any one gets ROI. It's also really hard to trust a starting HYIP because you have no idea if they will even pay. 

[krishna1]

When I was a newbie I made a mistake I Invested my Hard earned Bitcoins to a Hyip site and got scammed by the site...

[milewilda]

When I was a newbie I made a mistake I Invested my Hard earned Bitcoins to a Hyip site and got scammed by the site...

Same here i do lost my precious btc on investing those scam ponzi sites, after that ive learned and never ever joined in ponzi sites again because im afraid to lose my hard earned btc again. Id rather go on trading than to invest again on hyips ponzi and anything is scam.