10 main mistakes of Bitcoin newbies

[The_Dark_Knight]

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

While someone joining the forum in this week is a newbie the truth is we are all newbies in whatever activity we have not done before, in fact I remember that about 6 months ago I changed from a web wallet to electrum,  I was about to send a transaction but I was unable to find where to change the fee and I spent about half an hour trying to find it, so like you see we can be inexperienced in lots of aspects of our lives.

[ko0ll0ove]

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'm not totally agree with this article. But yes, there are some point that I have to deeply agree with the writer because I was used to be like what he/she say. but there are some, I don't think I have same opinions with. Firstly, I don't think storing bitcoin via online wallet is a mistake of newbie or even more of everyone. Because if you are new, You don't have much bitcoin to maintain your transaction fee, so using online wallet is the most suitable way to start your life in bitcoin world. Of course I agree with his/her idea about "there are no middleman in our transaction in cryptocurrency world" but they (blockchain, coinbase,...) are reliable online wallet so we could feel safe when use.

[noictib]

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

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

Article is very nice , Because usually the newbie entered in the bitcoin got much loss due to fear of loss due to down of price .
In your post I like much about the thing that usually most of the newbie who entered in the bitcoin to make profit through the holding bitcoin , but when suddenly the price goes down then they comes in fear and lost thier chances of profit , This is a great point for all the newbie , From your article every newbie will got a better idea to make profit through his patience .

[Amph]

i dont' really agree with the first one, since they are newbie it's better for them to hold the money on coinbase which is insured at least, their computer is not...

i heard many stories of newbie and their account being hacked because they don't know how to secure them locally, and they don't like cold storage apparently, or don't know hot to do it properly...

also about the mining part, you can definitely mine bitcoin, but undirectly with altcoin, but it's better if any still think there is no profit, because we are reaching a bad point there also...

[Kemarit]

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 miniguide. Just a few comments I would like to  say:

"Plan a backup and recover strategy of your private keys and addresses. Keep them printed under your mattress. Remember you can build paper wallets and use hardware wallets as valid alternative to software"

You only mentioned how to backup and recover, but I only saw strategy for back-up,
I didn't read any for recovering it. I suggest you can add it in the articel as well.
Just my 2¢.

[naughty1]

Here is a site with great tips for beginners. their behalf, I thank and commend your good actions. newbies needed articles like this in order not to make the mistake. the majority of newbies at the start, they do not understand much about Bitcoin, and they are easy to be tempted by the HYIP and Ponzi. Therefore, this article is really very nice

[hajimasan]

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

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

Good article but I think in the first when newbie entered in the bitcoin then he start doing  making profit and lost with very small amount of investment .
So making the mistakes by the newbie is a way to get success in the work of bitcoin earning job .
Because mistake are the only ways to get  a better experience .
Well thanks for such types of site .

[Ashong Salonga]

Here is a site with great tips for beginners. their behalf, I thank and commend your good actions. newbies needed articles like this in order not to make the mistake. the majority of newbies at the start, they do not understand much about Bitcoin, and they are easy to be tempted by the HYIP and Ponzi. Therefore, this article is really very nice

In my opinion, this forum is beneficial for newbie/beginners since they can ask questions here to avoid scams. It helps them to find more opportunity in bitcoin currency by reading some discussions here. This forum is a guide not only for newbie but for people who want to depevelop their knowledge.

[WestWorld]

I just find that newbies to bitcoin do not know what to do with bitcoins once they have them,
maybe it is being scared of losing them or just not knowing what to do with them next.

There should be a crash course in newbie for bitcoin usage.

[geopolisch]

Failing to find the right earning opportunity and struggling with improper earning methods is the biggest mistakes, I do see many newbies are still doing. I also did mistakes and spend more time with faucets in my earlier days in bitcoin world. Some people are trying mining the non-profitable coins and wasting their time and electricity bill.

Mistakes are common for both experienced and newbie bitcoiners. But I feel it is the responsibility of experience bitcoiners to create a knowledge resource and guiding newbies. I agree this forum is a great knowledge resource but it is not available in an arranged a manner except if a newbie is good in using "search function".

I have seen similar topics in past and it is really humiliating people were repeating same types of mistakes by failing to learn lessons from those topics.

[Carlsen]

I think this is a very good article!
Every body who is new to bitcoin should have to read it for twenty minutes until he is allowed to proceede.
Of course that is not possible, but it would spare many people unfortunate experience with bitcoins.
And without negative experiences, a lot more newbies would become valuable members of the bitcoin community instead of leaving it quickly again.

[cparsley]

Maybe we should bookmark it so we dont scare off newbies to BTC

[ProtoAmorite21]

Interesting read. I learned a lot. Thank you for posting! 

[jacafbiz]

Good job, but for me, the list missed out on some obvious ones like how to multiply your Bitcoin quickly and getting into HYPES, Cloud mining, Double your Bitcoin etc

[thymeow]

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

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

Article was indeed helpful for newbies like me. First thing, I'm not really comfortable in trusting keeping all the money on coinbase or other wallet. I might as well trade my bitcoins for cash and withdraw it.

I really do like to know more about gambling in here. I might as well try it earn more money. Yey! 

[HadiHussain]

these days bitcoin is very difficult to earn 

[stomachgrowls]

these days bitcoin is very difficult to earn 

You are right since earning bitcoin is just like earning local fiat and we do know we would really need to work hard in able to earn it and just like on crypto world theres no easy money here.Most newbies do really believe on easy get rich scheme thats why they do easily fall into the traps of scammers.

[Idrisu]

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.  

The op has tried and we have to give him thanks for this instead of looking for loops holes in his article. Were they transactions that were not conclusive? No matter how long it take the transactions are all confirmed, we only need to be a little patients with the system. Op thank you for your article for newbies.

[nikona]

these days bitcoin is very difficult to earn 

It is as hard to earn bitcoins as it to to earn fiat. There's no difference in it as they both are "money" and has value. If you have a certain skill that can be utilized by someone paying in bitcoins(or even fiat), then you can earn them. If you earn in fiat, its not hard to convert them into bitcoins now a days.

[YuginKadoya]

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

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

Well some people are really making fun of the mistakes the newbies are doing and I think that article was a 50/50 help and annoyance to them technically speaking instead of making fun on the newbies that are making mistakes we as seniors should be the one who will support and make a good influence for them, we are once a newbie ourselves and a little respect and helping hand can help in this bitcoin community.