10 main mistakes of Bitcoin newbies

[d.adabit]

Hi, with price soaring and newbies joining I found useful sharing this miniguide.
Hope this is appreciated

http://immutable.today/10-mistakes-bitcoin-newbies/

[1714618717]

1714618717

[1714618717]

1714618717

[1714618717]

1714618717

[SONG GEET]

This article have missed to cover about low fee newbies used to put to save cost on payments leading unconfirmed transaction for many hours. That will make them panic about bitcoin and they will start blaming bitcoin network for it and some may even opt out from the idea of using bitcoin again. 

[canah17]

Hi, with price soaring and newbies joining I found useful sharing this miniguide.
Hope this is appreciated

http://immutable.today/10-mistakes-bitcoin-newbies/

Wow! this is one great site for newbies it has a explanation on what not to do and what to do its certainly amazing i read it and its new to me too i learn so much things in reading the site. My rank is big but i have not enough knowledge on bitcoin and some of it i have did when i was a newbie >.< i really got shocked on reading it all and what i did really but also i learned that i haven't learned when i was here in this forum i really appreciate the site Thank you

[pawanjain]

Hi, with price soaring and newbies joining I found useful sharing this miniguide.
Hope this is appreciated

http://immutable.today/10-mistakes-bitcoin-newbies/

find good to read about it but still there are some better thing should be added like earning ways of bitcoin in every legit style and also some precautions to start your opeenning in the bitcoin work as an newbie .

[DomainMagnate]

Hi, with price soaring and newbies joining I found useful sharing this miniguide.
Hope this is appreciated

http://immutable.today/10-mistakes-bitcoin-newbies/

Nice and well thought out piece of writing.
Some of the mistakes you mentioned are not limited to bitcoin newbies but even pro make these mistakes like Trading any random Altcoin or buying at sudden price rise.
Anyway I appreciate your efforts in putting this up and hope nobody make these mistakes

[Hazir]

This article have missed to cover about low fee newbies used to put to save cost on payments leading unconfirmed transaction for many hours. That will make them panic about bitcoin and they will start blaming bitcoin network for it and some may even opt out from the idea of using bitcoin again. 

Many wallets has automatic fee functionality. But nowadays even transaction backed by hefty fee (120 satoshi per byte or even more) can get stuck in the Mempool.
That article was actually quite nice, covered some basic information pretty well. Definitely recommend for any bitcoin newbie.
Of course you can add another 10 basic rules and bitcoin tips, but it is still solid ground to start off your bitcoin journey.

[positivezero]

Hi, with price soaring and newbies joining I found useful sharing this miniguide.
Hope this is appreciated

http://immutable.today/10-mistakes-bitcoin-newbies/

I think not only newbies made mistakes about you've mentioned above but also the users in higher ranks. Even though they are in higher ranks but still they made mistakes. But as you shared this kind of idea well maybe it can be prevented by all users in bitcoin. And it only depends to the users if they want to made that things even they already know what's the result of it

[Sadlife]

That article was quite helpful not only for newbies but for veterans also it educates readers the pros and cons on how a crypto-currency works.
Basically when starting on a business you need some knowledge first to avoid regrets in the future so you need to research and study the type of business your going to do and when your ready, Try it cause what's the point of all that researching if you dont have any experience.
Trial and error is completely normal when your only a beginner.

[KuromaYoichi]

The article is good, it's correct on most point newbie want to do especially about faucet and mining bitcoin. When i was new to bitcoin, i thought that 1000 satoshi from faucet is huge, later did i find out that it was not even 0,1 cent. The other thing is mining, i didn't know that the capital you need is not small.

[ArcCsch]

I feel like there is one particular precaution that could be added, avoid this very common scenario:
A newbie has a paper wallet, with some amount of bitcoin on it.
The newbie wants to spend some of them, downloads and installs a desktop or mobile wallet.
The newbie broadcasts a transaction sending part of the coins, the rest are sent to a new address generated by the desktop or mobile wallet.
Believing the leftover coins are still on the paper wallet, the newbie deletes the wallet.
The leftover coins are gone forever.
This is a sad loss that could be prevented by proper education.

[coynedterm]

Hi, with price soaring and newbies joining I found useful sharing this miniguide.
Hope this is appreciated

http://immutable.today/10-mistakes-bitcoin-newbies/

I visited at the given link by you , but I didn't find any better thing which should be 100% best for the newbie . Because in my opinion most of the newbie entered in the bitcoin only due to because they want make money in sudden way but hardly they understand perfectly in the starting .
So here instead to explaining about the buy/sell for the bitcoin/altcoin at particular timing of mistake , we should explain them how to understand the system.of bitcoin in better manner thoroughly so that our travel in the bitcoin job goes smoothly .
well good luck for your this topic , but keep in mind that you need small more changes for the better expiations about bitcoin for specially newbie .

[kiddy123]

Hi, with price soaring and newbies joining I found useful sharing this miniguide.
Hope this is appreciated

http://immutable.today/10-mistakes-bitcoin-newbies/

Thank you , this article is very useful.
But I remember that Faucet doesn't work like before.

[BitcoinPanther]

Nice article, this will really help newbies to not burn in bitcoin while starting up with it.  This covers the most basic mistake of a new comer of Bitcoin, most of us were not knowledgeable on the transaction fee and the possible closure of an exchange that is holding our coin in an online wallet.  A must read and share to the newbie.

[Nahl]

i was already read it and really good article indeed those things is common mistakes for those who still new for cryptocurrency world but for the last points " I lost my keys, how can I recover them " i think these mistakes not only dominated by the beginner even expert also has already did it

[peter0425]

Nice read and thanks for posting. This will help a lot of newbies (including me) to not do this mistakes with bitcoins. I specially like the article on mining bitcoins because a lot of newbie is jumping to mining because they think they can gain a lot of bitcoin as soon as they jump into mining.

[amacar2]

Article have tried to cover almost every thing but not all types of mistakes bitcoin newbies used to make can't be listed in 10 points for sure. Many bitcoin newbie end up getting scammed by bitcoin based scam/hyip/ponzi/doubler etc.

[Dudeperfect]

This article is directly distracting investors from my future potential project by saying,

Sell all Bitcoins because now there is “Dudecoin”

.

Lolz, Jokes apart. There is very good material available for the newbies as compared to 4 years ago so it is easy to adopt new terms and techniques for them in less time. As I always give advice to newbies that spend maximum time in reading the available material and then start investing or whatever. I follow this advice very strongly and I won't invest in something new without minimum 10 google searches.

[requester]

even myself did the mistake to buy bitcoin when price was soaring up and finally left myself in a big problem of price not getting up and finally i dols those bitcoin and had very little on my own.

[calkob]

Hi, with price soaring and newbies joining I found useful sharing this miniguide.
Hope this is appreciated

http://immutable.today/10-mistakes-bitcoin-newbies/

Yeah its not a bad guide for noobs to read when they get into bitcoin, i would have to agree that when i first started out in bitcoin myself i fell foal of a few of them myself, especially the keeping all my funds at a online wallet, not good  

[dothebeats]

Recommended it to one of my not-so-techie friend and he finds the read a good one and was able to answer some of my questions in relation to that article. It's nice that the writer made sure that he covered some of the basic stuff, especially keeping your coins in a safe place which is really nice to look at.