10 main mistakes of Bitcoin newbies

[pinkpanther03]

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.

yEAH! your right pal, So that the community here especially to all newbies must apply this articles. this for their own good sake at all.
and in addition to the topic, up to now even other members make a mistakes like what newbies did.

[BlackBaron]

Nice article.. that's happened to me long time ago.
Im look stupid now 

[vrm86]

Awesome list, well done  From my side, I would add Gambling. While Gambling is not smart idea regardless payment method, I guess that for some people it's easier to risk stake of BTC than $$$. Someone can say: "Hey, It's just Bitcoins that I earned grinding faucets 24/365. Not a big deal". Actually it IS money, because there are not so much places left in the world where you can't turn coins in to fiat. I remember selling bitcoins through VirWox in 2013 and now there are 3 or 4 online markets in my country

[jeraldskie11]

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

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

That article would help newbies because many of the newbies didn't know exactly what they are doing when they enter in the world of bitcoin. Even in the wallets where they put their money should be always in their mind that how secure my money if I'll put it into this wallet. So newbies should always think in advance before they make an actions. Because if they lost they're money in that online wallet it can't be back in the pass so I prefer to used cold wallets but they should remember the back up key if you loss the device for recovery because there are some newbies not rewriting or saving the backup key.

[gracia0023]

Thank for that post. This post can be helpful for us newbies on how are we going to deal with bitcoin.

[jossiel]

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've read the article and on the number 1 spot is this "Keep all the money on Coinbase or other online wallet".

I'm somehow sure that newbies aren't the one that do this, also many old timers are doing this. They just want to let their coins sleep to their online wallets.

And on the other list I find it funny but I did asked those things before. Read it guys

[soros017]

I think the biggest mistake of Bitcoin newbies is trying to get Bitcoin by following the easy, and at the same time unproductive paths. Many users go straight to faucets or cloud mining, and I think this can cause a great loss of time and money for people who are starting.

[zidanw]

I think the biggest mistake of Bitcoin newbies is trying to get Bitcoin by following the easy, and at the same time unproductive paths. Many users go straight to faucets or cloud mining, and I think this can cause a great loss of time and money for people who are starting.

for newbie faucet is a great way to get free bitcoin to capital if they don't have the capital, but his mistake is that they want many bitcoin the easy way through the system hyip

[bhadz]

Quite a good article and it looks like it's not just only 10 common / main mistake of bitcoin newbies. I wanted to add that I've seeing this throughout the forum that newbies are asking "how to earn big", "how to earn without investing" it's commonly seen throughout the whole forum. By the way, I went through with that feeling too.

[SvenBomvolen]

That link was very helpful even to me. I'm in bitcoin world for about a year, but still don't know everything about it's technology. I think this information can be good to hear for all newbies and not only.

[tabas]

I think the biggest mistake of Bitcoin newbies is trying to get Bitcoin by following the easy, and at the same time unproductive paths. Many users go straight to faucets or cloud mining, and I think this can cause a great loss of time and money for people who are starting.

We aren't talking about biggest mistake of newbies here mate but with the main ones. But I do consider that newbies has the same mistake by thinking that HYIP's and cloud mining as a legit one. And most of those newbies doesn't want to work harder and they just want to invest and earn bitcoins by thinking to invest there.

[Zadicar]

Quite a good article and it looks like it's not just only 10 common / main mistake of bitcoin newbies. I wanted to add that I've seeing this throughout the forum that newbies are asking "how to earn big", "how to earn without investing" it's commonly seen throughout the whole forum. By the way, I went through with that feeling too.

If you do understand all the list its already mentioned about "how to earn big" aims of a newbie and i do accept too that i was thinking the same thing too when i was a newbie way back then. Yes,its really a good article and should really be read by newbies.

[Kasabus]

I think the biggest mistake of Bitcoin newbies is trying to get Bitcoin by following the easy, and at the same time unproductive paths. Many users go straight to faucets or cloud mining, and I think this can cause a great loss of time and money for people who are starting.

We aren't talking about biggest mistake of newbies here mate but with the main ones. But I do consider that newbies has the same mistake by thinking that HYIP's and cloud mining as a legit one. And most of those newbies doesn't want to work harder and they just want to invest and earn bitcoins by thinking to invest there.

I can vouch your statement is right because when I was a newbie I think HYIPs will give me a fortune with their big return of investment, I only woke up when I lost my investment due to some sites I invested my money with stop paying their investors. Later, I made a deep research and realize that there are a lot of warnings already from this forum about avoiding HYIPs and now I am more matured and still happy my experience brought me to what I am now.

[ethereumhunter]

That link was very helpful even to me. I'm in bitcoin world for about a year, but still don't know everything about it's technology. I think this information can be good to hear for all newbies and not only.

not just for newbies but i guess its very useful to for every people because this is good article. i am the same as you which is don't know much about the technology especially with new technology. maybe with this article, i can search more article and read and who knows i can get more information about the latest update of technology.

[hajimasan]

yes its not new matter that newbie makes mistakes. and yes mistake is not a mistake when we learn from that instead mistakes are the lifting force that helps us to scale even higher. but well mistake in financial mater is something different as we loss our hard earned money.
Since I never made small mistake in the bitcoin . I made my mistake first time in the yobit.net where I bought some blry and waited for 5 days increase but it didn't increases and finally I got frustrated and I sold them at 30-40% loss .
But with this mistake I learnt that in trading we need patience to make more profit .

[coinplus]

yes its not new matter that newbie makes mistakes. and yes mistake is not a mistake when we learn from that instead mistakes are the lifting force that helps us to scale even higher. but well mistake in financial mater is something different as we loss our hard earned money.

It will not be a big thing when you are coming across a mistake for the first time but it will become me a very big issues when you are keep on repeating same mistake. When you are capable of learning out of your mistakes, you will never repeat the same mistake as well you will avoid similar kind of situations too.

mistake in financial mater is something different as we loss our hard earned money.

Most of the mistakes will be leading to financial losses and very rarely some mistakes end up in loss of time or energy. But when you are considering time is money then it is again a finaicial loss only.

[ReLieD]

Like I don't know 10 main mistake but few which I had done when I was a newbie.
The first and the most important thing was that I used to not read other posts before posting which lead to me irreverent topics.
Then later on I understood what constructive posts meant. This helped me enroll in Campaigns.
Then if you are involved in trading I would like to aware you about scammers.
First of all see their trust rating. Something written in red means it's a negative trust and you should not trust that person.
Trading with positive trust people is always a recommended option.
And the final mistake which they do is that they make the account and find it boring and then stop it. If they continue to post and keep themselves busy by enrolling themselves in Campaigns they can earn as well as seek some knowledge.

[sportis]

I really enjoyed the article because has not many technical jargon and the writing style of the text is lighthearted with various funny words and expressions so the newcomers do not disappointing  and abandon the idea of bitcoin before they really start to use it. On the other side is useful and maybe not only for newbies but some paragraphs are for the more experienced ones. That is, speaking about trading I did not know that newbies start to trade cryptos in an early stage of their involvement with cryptos and without any experience not only with bitcoins but with alts, too.

[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/

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. 

Using an online wallet is not a mistake, the problem is that some decide to store large amounts of bitcoin there and then they get angry if they are hacked, using a web wallet as a hot wallet it is fine but keep most of your bitcoin on cold storage.

[revo1044]

What you say is true I am with you. I hope that I avoid this 10 mistakes.