10 main mistakes of Bitcoin newbies

[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.

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.

Don't take it literally, since newbies are taking that literally and I'm doing it when I was still a new one. Though there are other common mistakes that newbies are making but it wasn't mentioned. The article is good and I didn't thought about this before. Kudos to the author and good thing that there where like this thread that can guide newbies.

[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.

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.

It is popular I guess up to know because I did experience that and I even thought that HYIP's will give me financial freedom and it will be a good source. But in the end all of my hopes ended up with the truth. The truth that they are real scams and you will not gain anything from them, instead you will lose everything if you did so.

[Blitzboy]

I wish I had known about these things when I was a newbie, but anyways, it's a very helpful and coherent article, which I think should be recommended to many newbies out there struggling in the bitcoin world. This also reminds me of the time when I first knew about bitcoin, so full of excitement but so innocent I totally remember the faucets thing, like I spent hours and hours on these sites and got like $5 dollars of bitcoin after many 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.

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.

Well I think the number of newbie right now are just only alt accounts that is why even if they seems like a legit newbie they are not really a newbie, there are some newbies that only have 1 post count then putting a thread that are made by a senior member, it seems that they had known a lot about bitcoin already well, and there are some that highly unlikely to just make a multi account then commits stuffs that are forbidden and break the rules in this forum we should take responsibility ourselves in making somethings like this and take action whether we can for the bitcoin community!

[Strongkored]

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, in first point many people still do that, using online wallet or exchange wallet to store big Bitcoin amount and losing all their balance when the website get hacked. This article will help many newbies in Bitcoin world when they want to learn about Bitcoin.

[The_Dark_Knight]

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

Don't be too hard on yourself, no one is born knowing everything about the world, we learn by experience, sometimes I would like for that to not be the case but that is just the way things are.

[aso118]

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

Don't be too hard on yourself, no one is born knowing everything about the world, we learn by experience, sometimes I would like for that to not be the case but that is just the way things are.

That is true. But if a person reads up about Bitcoin before actually using it, then he can avoid these mistakes.
Better to learn from the mistakes of others, rather than learning from your own mistakes.

[layoutph]

I guess the fastest way for a bitcoin newbie to earn bitcoin are the following:

• Start participating to Bitcointalk forum, aim for good forum posting and nice forum post count. Once you achieve "Member" or "Full Member" look for a good signature campaign, and start earning Bitcoin.
• If you have a talent, or good in writing, then do freelancing! Post your service campaign to "Services" section of this forum. And earn Bitcoin money.
• Learn how to trade bitcoin. Trade with caution and do it wisely. This would make your Bitcoin money to double or triple.

My 2 cents

[FasTroy]

I guess the fastest way for a bitcoin newbie to earn bitcoin are the following:

• Start participating to Bitcointalk forum, aim for good forum posting and nice forum post count. Once you achieve "Member" or "Full Member" look for a good signature campaign, and start earning Bitcoin.
• If you have a talent, or good in writing, then do freelancing! Post your service campaign to "Services" section of this forum. And earn Bitcoin money.
• Learn how to trade bitcoin. Trade with caution and do it wisely. This would make your Bitcoin money to double or triple.

My 2 cents

I totally agree with you, For newbies or even to expert in bitcoin. These are the basic ways to earn some bitcoin here. or out of bitcointalk.
Newbie, they can grow their accounts and enrolling into a signature campaign. With skills you can do freelance as you said or offer some service or maybe trade some goods here.
For expert, signature campaign is not enought. Many members here have their ways to earn bitcoin, by trading or gambling or anything else.

[blackhawkeye1912]

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.

actually, this things will always be a reminders to anyone here even your not a newbie anymore, you can always read this as an old member in this thread to refresh our memories about the proper ways to start all over again.

[Mobilecasinos24]

This is a good pointers for everyone who is new to bitcoin. I have my mistakes during the first time I use bitcoin and the fee it charge me becomes double good thing the live support at the casino help me to reverse it. Another thing the newbies need to know is bitcoin is a currency that its value can go up and go down.

[NoiseBoy]

#11 sending transactions directly from exchange wallets, especially for things like ICOs where you need to be able to prove wallet/address ownership.

[bitllionaire]

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

Don't be too hard on yourself, no one is born knowing everything about the world, we learn by experience, sometimes I would like for that to not be the case but that is just the way things are.

yes that is right to say that practice make man perfect. experience is the key to success and experience can only be gain through spending time in a relevant field. if a person has good experience in his field then it is very easy for him to make money from there. and if he do ot have any experience then he will certainly feel difficult to show effective result. so i think if we want to be more effective in our field so we need to get experience first.

[johnnyyash]

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.

True talk and I agree with you...infacts its a must read..and share...

[Sled]

That article is very nice and it can help a lot for the newbies or those users who are just getting started and they don't have no idea on what will happen if they are just trusting their instinct and not reading or studying the bitcoin. I also did those top 10 main mistakes of a newbies and i admit that i hope i already knew those things before i started in bitcoin.

[Taki]

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

Don't be too hard on yourself, no one is born knowing everything about the world, we learn by experience, sometimes I would like for that to not be the case but that is just the way things are.

That's right when I just heard about bitcoin all this information made pain in my head and seemed hard to understand, but with time I leant bitcoin and continue to do that, so now I can give even some advices to those people who just joined.

[royalfestus]

Most of the mistakes are caused by ignorance, and I cant blame anyone who has the anxiousness to earn money quickly. Most bitcoin expert were anxious at the beginning, they learn patience with time. Everyone will not continue to be newbie and everyone should keep learning something new almost every time on bitcoin and blockchain technology. The faucet idea was so faulted as waste of time just like friend said about his experience with bitcoin

[jovs]

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.

If you are a newbie the common mistake you can do is spending your bitcoin on gambling. Because like me and most of people try bitcoin for gambling because they knew it is the faster way to earn more. But if you try gambling it is to risky and not worth it. If you are not a newbie its better to try forum and do signature campaign rather than to gamble. Dont consider gambling at first place and start reading in forum to gain knowledge about bitcoin inorder to help you to earn bitcoin.

[rivoke]

It's good for newbie guideline, I'm can add my additional explanation on my local thread in order to prevent any bad or unwanted things
For example : investing on any ponzi scheme

Most of the mistakes are caused by ignorance, and I cant blame anyone who has the anxiousness to earn money quickly. Most bitcoin expert were anxious at the beginning, they learn patience with time. Everyone will not continue to be newbie and everyone should keep learning something new almost every time on bitcoin and blockchain technology. The faucet idea was so faulted as waste of time just like friend said about his experience with bitcoin

Experience is the best teacher , when they know their mistake and the consequence , they will learn until they advanced to the next level

[Ucy]

Wow that part about mining is really eye opening. Most Information online about mining are indeed disgraceful. People just lie for the fun of lying? I still prefer to be poor than be a crook.

Great article bro.