10 main mistakes of Bitcoin newbies

[Ucy]

But you are such a pessimist. Article too one-sided but honest

[pinkpanther03]

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

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

Your statement was true and correct, but there something which I like to add, by making mistake for the record, all of us here in this forum can make a mistakes its just came only that those wrong deeds most often came from the newbies, but its okay the important is we learn form our mistakes.

[NEWGOODOUBLE]

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.

mining scam now become an arena for some bad people because many hyip sites and ponzi claiming to be a mining investment so that they can get a lot of users and deceived newbie very easily deceived

[ASHLIUSZ]

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.

mining scam now become an arena for some bad people because many hyip sites and ponzi claiming to be a mining investment so that they can get a lot of users and deceived newbie very easily deceived

Long back itself the same has been taking place. Ponzi schemes and scam websites easily trap newbies. They believe that through bitcoin we can earn in a short term. The same mindset makes them easily accept the HYIP and invest big. The reality will be understood by them once they loss it.

[YuginKadoya]

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.

mining scam now become an arena for some bad people because many hyip sites and ponzi claiming to be a mining investment so that they can get a lot of users and deceived newbie very easily deceived

Long back itself the same has been taking place. Ponzi schemes and scam websites easily trap newbies. They believe that through bitcoin we can earn in a short term. The same mindset makes them easily accept the HYIP and invest big. The reality will be understood by them once they loss it.

Well some mistake will be certainly be make by some newbies and even if they are not new to bitcoin they can certainly make mistakes I think it is best to read more about certain knowledge here in the forum ask for help, I really think that most people here are kind and helping with newbies that is why put that in you daily things to do and in no time you would learn much for the benefit in earning BTC.

[mrjoy15]

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.

mining scam now become an arena for some bad people because many hyip sites and ponzi claiming to be a mining investment so that they can get a lot of users and deceived newbie very easily deceived

Long back itself the same has been taking place. Ponzi schemes and scam websites easily trap newbies. They believe that through bitcoin we can earn in a short term. The same mindset makes them easily accept the HYIP and invest big. The reality will be understood by them once they loss it.

Well some mistake will be certainly be make by some newbies and even if they are not new to bitcoin they can certainly make mistakes I think it is best to read more about certain knowledge here in the forum ask for help, I really think that most people here are kind and helping with newbies that is why put that in you daily things to do and in no time you would learn much for the benefit in earning BTC.

Investing in hyip's or connecting any Ponzi scheme's website certainly one of the most common mistake of a newbie because they have not certainly good knowledge about investment models and working tendency to get profit. And yes, reality is different understood by losing it.

[Floret20]

It is really very useful and helpful post as well. You have mentioned that mistakes are done by the Bitcoin newbies. But i think it is not right. Mistakes can be done by anyone. And people learn from mistakes. So as you have mentioned many useful point regarding to mistakes of bitcoins, i think it is going to be very useful for all the members here.
Personally it helped me a lot for understanding bitcoin from a new way. Thanks bro for your valuable article.

[swtest]

Great article for us, I will keep holding instead of short term trading, long term holding is the most profitable thing, we don't need to do anything.

[CoinFoxs]

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

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

It seems good and it's informative and helpful for newbies but i want to add one important thing and that is low fee for newbie, most of the companies don't want newbie for their company and the companies who allow newbies to join their campaign, they give them very low prices. So most of the newbie think that bitcoin is not good for them because of low fee so add the point that they earn more money by promoting to higher rank.

[stripykitteh]

Keeping money on Coinbase is a very bad idea considering all the bad publicity that they are receiving from the press. Coinbase isn't a global exchange and they like to shut down their connection without much notice and if the person who doesn't use email as much wanted to login to their account a few years after creating their account and sending money to it -they would find their account closed and all their money gone.

The article has good points.

[rickadone]

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 article is quite rubbish actually because they say it's not worth to keep bitcoins in wallet like coinbase while even the official bitcoins site links coinbase for keeping bitcoins.
Another point I don't agree is : How can I revoke a wrong payment
Because even if you send a payment to wrong paypal id you cannot reverse it unless you make false claims and take it back.

[mornabo]

Great article for us, I will keep holding instead of short term trading, long term holding is the most profitable thing, we don't need to do anything.

the point is to remain calm and patient even if prices continue to fall. it is owned by many users not only a newbie but most users are often impatient and so selling or buying is not appropriate to the circumstances

[ufaiz50]

Great article for us, I will keep holding instead of short term trading, long term holding is the most profitable thing, we don't need to do anything.

the point is to remain calm and patient even if prices continue to fall. it is owned by many users not only a newbie but most users are often impatient and so selling or buying is not appropriate to the circumstances

yep newbies are prone to panic as the price changes, especially when down they would rush to take action and easily ptutus discouraged, newbies don't have much experience to deal with this I think needed a experience so that newbies will be familiar

[SONG GEET]

Great article for us, I will keep holding instead of short term trading, long term holding is the most profitable thing, we don't need to do anything.

This is true only if you are looking for passive way to make money, but with short term/day trading you can make a lot even with only 1 bitcoin if you can make proper move on each price swing. But newbies always panic on small dump/correction so it is good for them to keep holding rather than trying to make profit in price swings.  

[Kasabus]

Great article for us, I will keep holding instead of short term trading, long term holding is the most profitable thing, we don't need to do anything.

This is true only if you are looking for passive way to make money, but with short term/day trading you can make a lot even with only 1 bitcoin if you can make proper move on each price swing. But newbies always panic on small dump/correction so it is good for them to keep holding rather than trying to make profit in price swings.  

Having a good capital will give you a liberty to do long term investment, that is easy if you are investing in bitcoin because the speculation of the many is this coin will be the most dominant currency in the future and along with that it will increase the value substantially which will benefit our investment.

[novemberwoah]

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

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

"How can I REVOKE a wrong payment"
"Rich soon with faucets"

I ever do that when I first use bitcoin I think it's natural that experienced by newbie because they do not recognize bitcoin, I'm sure a mistake like that was once done on average people new one using bitcoin. Good article, friend. I think a newbie who wants to use bitcoin can read this article.

[rindo]

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

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

Great article very useful for those newbie member even for me though I have read similar article but not clearly the article hard to understood as newbie members.
Thanks for the article, may I copied some of infromation there for my little blog

[NyxNoctalis]

Thanks for sharing it, I realised that I make a lot of mistakes like storing all my BTC on coinbase. I also thinkt that alternative currencies have a great potential. And indeed faucets are not a reliable source of BTC income.

[clickerz]

I just smiled at the "Rich soon with Faucets." on one of the  article. I know I am not the only one who used faucets Jumping from faucets to another is fun! Thanks for this article its reminding me of the past ,very educational also and I do relate with the topics.

[Pattart]

Great article for us, I will keep holding instead of short term trading, long term holding is the most profitable thing, we don't need to do anything.

I think hold also need a couple of things you should do before selling make sure that the highest price
so you do not regret it because it is very possible after you sell even price be higher