10 main mistakes of Bitcoin newbies

[jtipt]

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

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

Two of the biggest mistake I did back in my newbie days was to firstly think that bitcoin is truly anonymous it took me quite a bit of time to understand that a tx can be easily traced back using blockchain. And secondly using an online wallet, I used blockchain.info for quite a long, since blockchain.info was comparatively safer than coinbase and gave me access to private keys I didn't bother to change it until I had over 1 BTC. 

[Xester]

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...

There are multiple tips on bitcoin for users and this one is also one of them. In almost all of the tips and guides for newbies I observed that there are no perfect tips and guides and there are no perfect information for bitcoin amateurs. With this I disagree with your comment its because there are actually different kind of newbies with different skills and thus some of them may actually like the tip given by the author while some of them will stick to your idea. And so there are no wrong ideas it will depend on the capacity of the newbie to apply it.

[requester]

newbie always trust some fraud and scam sites and due to their greedy they get trapped in the blackhole of scammers and loss their hard earned money.

[nara1892]

the article is good and very inspiring. I just want you to edit some words like "The short answer is don’t do it". I think it is not good for a newbie who has high curiosity about bitcoin. who knows that those newbies has big budget so they can mine. just give an explanation about the difficulty and the profit of being a miner.

[d.adabit]

I see your point. I'll find a rewording. "dont do it" is to add some drama style

the article is good and very inspiring. I just want you to edit some words like "The short answer is don’t do it". I think it is not good for a newbie who has high curiosity about bitcoin. who knows that those newbies has big budget so they can mine. just give an explanation about the difficulty and the profit of being a miner.

[cryptoblazter]

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

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

The links was good for me it's informative and very good reminders for all the newbie's in this forum. This indicates that the people behind the topic was concern for the people like me due to I'm also a newbie, besides this is for my own good sake in this world of business.

[scambust]

FOMO buying and panic selling LOLZ

[socks435]

It will be useful for those newbie but in my own the worst mistake that i experience when i was not trusting bitcoin and invest more in bitcoin that i thought the price is just jump and crash with the same price back but every year the price is changing and now we are experience to hit$1200 if i know that thing when i was newbie maybe i gain a good profit right now so this is my own mistakes.. and want to inspire other newbie..

[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/

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.

You are correct, but at the same time, we need to remind them they also have a responsibility to conduct themselves in the right way, I have seen many newbies and higher ranks, doing stuff that is forbidden in the rules of the forum when confronted about it, they say they did not read the rules, so a minimum should be expected from the members of this forum.

[xIIImaL]

the article is good and very inspiring. I just want you to edit some words like "The short answer is don’t do it". I think it is not good for a newbie who has high curiosity about bitcoin. who knows that those newbies has big budget so they can mine. just give an explanation about the difficulty and the profit of being a miner.

If this thread opened in beginners and help means this would help more newbies how they can be aware the mistakes. Newbies will not save wallet recover phrasal sentence when forgot the password. They are aware of scammers and easily might fake by the scammers around the forum.

[Doms]

That is a pretty interesting read, even for me who has been into bitcoin for over a year now. Reminds me of how stupid I was thinking that faucets can bring some substantial amount in due time. Haha. I was also guilty of two or more items on the list but I have learned to be somewhat a better bitcoiner, so to speak, putting more thought into the security of my account and the transactions I am doing.

[Chin Cheng]

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. 

You are forgetting the basic concept of bitcoin ,to enable micro transaction as well and without any restriction and with the increasing fees we are coming to a space where micro transactions are negligible and you need to input higher fees with every transactions and remember the price of bitcoin is increasing from its initial stages and transaction charges are increasing along with the price which is a strange mechanism .

[ice18]

Rich soon with Faucets.

Faucets are web sites or apps that reward you with some Satoshis if you spend time on them. Satoshis?! Keep in mind 1 Satoshi = 10^-8 Bitcoin. This brings some 0.1 cents of dollar per hour. It is not enough to pay the carbs needed by your body to keep you alive and breathing after your screen. Your time must be really of no value if you use it to play with faucets. I would suggest to work as waiter, earn 50 bucks and buy some Bitcoins instead.

Im am totally relate to this when im newbie to bitcoin wayback year 2014, It was like 3-5 hours visiting some tons of faucet sites and when I discovered I earned very small amount and realized I was just wasting my time   

[puremage111]

Buying on the pump trend and goes greedy is really a big mistakes too

[Zadicar]

Buying on the pump trend and goes greedy is really a big mistakes too

You are right there are instances on which newbies do make follow others words related on a certain coin or bitcoin itself.When its already on price increase rally they do buy already or enter on a high price which is really a mistake or bad idea since price will pullback anytime which would cause negative results and with that they will sell off to cut loses.

[wizmo]

Newbie make more mistakes than listed there as they don't understand the market trend and make loss hopefully they'll learn that sooner or later.

[megynacuna]

Newbie make more mistakes than listed there as they don't understand the market trend and make loss hopefully they'll learn that sooner or later.

Just appreciate his work and lets move on, the link is very informative and every newbie starting on this forum can learn from there as well to complement his/her knowledge. I don't believe in learning without instructions/directions that's why I appreciate the OP so much for the link, newbies will eventually learn but I don't wish form then to learn it the hard way.

[BeGoods]

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 most newbi very interested in something that is emerging. like buying when prices rise, and most of them are also very often panic when the price falls. although it was down slightly

[Bibite]

I liked the "Hi folks, I want to mine Bitcoins" in the article. And it is true most, if not all people strating with bitcoin want to mine it.  Mining  bitcoin is only for th big fishs, those who can make a cosiderable investment, in infrastructures, ect.
And the "Rich soon with Faucets" my God it is the worst thing I have meet online regarding making money/bitcoin. Such a waste of time

[virasog]

It is good article and also it is information thing especially for newbie. But i want to tell, that in signature campaign working is also knowledgeable. Because when i joined signature campaign than i didn't know very well about bitcoin, but working on it and talk in a different section, i learn about bitcoin. So newbie could learn anything about bitcoin when they come in signature campaign.