10 main mistakes of Bitcoin newbies

[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.

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.

We can not rebuke any newbies because of the wrong things they are doing with bitcoin we can not certainly put the blame on the newbies I think we should blame ourselves, I think we as seniors should be the one to teach and make them progress in getting much higher with bitcoin any little question newbies would ask here we as seniors would try our best in answering it,

[Nachalnik]

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 link, here is another one too, https://bitcoin.org/en/you-need-to-know

I'm glad I saw this one because it gives some info about taxes and regulations...^

[bamboylee]

Nice guide. For newbies, it is better to stay longer in newbie section and learn as much as you can before engaging in any bitcoin transactions. It will save you from a lot of trouble in the future.

[virasog]

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.

We can not rebuke any newbies because of the wrong things they are doing with bitcoin we can not certainly put the blame on the newbies I think we should blame ourselves, I think we as seniors should be the one to teach and make them progress in getting much higher with bitcoin any little question newbies would ask here we as seniors would try our best in answering it,

Bitcoin is easily gettable online and therefore many newbies got bitcoins. But many  sites exploit this and make attractive sites where they can double in days or hours. This way newbies in bitcoin invest in scam schemes and eventually lost their money.
This is only one factor i discuss here. There are a lot of other mistakes which are bring done by newcomers in bitcoin world.

[dunfida]

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.

We can not rebuke any newbies because of the wrong things they are doing with bitcoin we can not certainly put the blame on the newbies I think we should blame ourselves, I think we as seniors should be the one to teach and make them progress in getting much higher with bitcoin any little question newbies would ask here we as seniors would try our best in answering it,

Bitcoin is easily gettable online and therefore many newbies got bitcoins. But many  sites exploit this and make attractive sites where they can double in days or hours. This way newbies in bitcoin invest in scam schemes and eventually lost their money.
This is only one factor i discuss here. There are a lot of other mistakes which are bring done by newcomers in bitcoin world.

May i ask you where you get bitcoin easily online?I do always work hard to earn bitcoin online and its not really as you know thats why i do really like to know on how to earn bitcoin so easily that most newbies do If you are talking about faucet amounts then its not that big that could able to make them invest on those scam websites.

[pungopete468]

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.

We can not rebuke any newbies because of the wrong things they are doing with bitcoin we can not certainly put the blame on the newbies I think we should blame ourselves, I think we as seniors should be the one to teach and make them progress in getting much higher with bitcoin any little question newbies would ask here we as seniors would try our best in answering it,

Bitcoin is easily gettable online and therefore many newbies got bitcoins. But many  sites exploit this and make attractive sites where they can double in days or hours. This way newbies in bitcoin invest in scam schemes and eventually lost their money.
This is only one factor i discuss here. There are a lot of other mistakes which are bring done by newcomers in bitcoin world.

I don't find any place from where you can get bitcoins easily and if that would be a case then everyone would be holding some great amount of bitcoins in their wallet and its very hard even to earn even a small amount of bitcoins nowadays.

Most common mistakes made by newbies is that either they will go for gambling to multiply their bitcoins quick or invest in any doubler or cloud mining sites hoping to make it big in quick time but they forget that there is no short cut to make money and end up loosing everything in the end and as a newbie even I have committed the same mistake in the past.

[bettercrypto]

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

I agree that holding is the best way to get the most out of Bitcoin if you do not know how to daytrade. The only problem here is when to time the highest possible price if you wanted to exit or convert your Bitcoin back to fiat money.  But I think a x5 x10 profit is not bad but I guess it really needs a very long time before Bitcon can reach  $5,000.

[justdimin]

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

The first mistake mentioned there is actually not true, being a newbie you cannot expect user to just download the wallet and keep the bitcoins there, of course they would use the services to make their task easier.

I don't know how using a service that hasn't scammed yet is a mistake ( as they say using coinbase is a mistake )

[shiunsai]

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

I agree that holding is the best way to get the most out of Bitcoin if you do not know how to daytrade. The only problem here is when to time the highest possible price if you wanted to exit or convert your Bitcoin back to fiat money.  But I think a x5 x10 profit is not bad but I guess it really needs a very long time before Bitcon can reach  $5,000.

If you are waiting to sell your bitcoins at the price of $5000 then you really need to wait for a long time as we don't know whether it will actually happen or not and if it happens then what would be the exact time to achieve it so if you are looking to make short term profits then its always good to go for altcoin trades where you can take advantage of every pump and dump in order to make good regular profits.

[gabbie2010]

Nice guide. For newbies, it is better to stay longer in newbie section and learn as much as you can before engaging in any bitcoin transactions. It will save you from a lot of trouble in the future.

As newbie in Bitcoin I always thinks that I am going to make a great deal of money in faucets I later discovered that earning satoshi from faucets can be time consuming, I later studied  learned more information about bitcoins e.g mining,trading,filling capthers offering services all these can increase daily earnings.

[markyminer]

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

I agree that holding is the best way to get the most out of Bitcoin if you do not know how to daytrade. The only problem here is when to time the highest possible price if you wanted to exit or convert your Bitcoin back to fiat money.  But I think a x5 x10 profit is not bad but I guess it really needs a very long time before Bitcon can reach  $5,000.

If you are waiting to sell your bitcoins at the price of $5000 then you really need to wait for a long time as we don't know whether it will actually happen or not and if it happens then what would be the exact time to achieve it so if you are looking to make short term profits then its always good to go for altcoin trades where you can take advantage of every pump and dump in order to make good regular profits.

although the bitcoin has the potential to reach to that price, but i think it will take a lot of time. i think it will take decades to reach to that level, because the price of bitcoin is trading in 1235 USD in current time.

[wuvdoll]

The article is good, it's correct on most point newbie want to do especially about faucet and mining bitcoin. When i was new to bitcoin, i thought that 1000 satoshi from faucet is huge, later did i find out that it was not even 0,1 cent. The other thing is mining, i didn't know that the capital you need is not small.

I agree and the article is just fine but here you are wrong mate because when you are new to bitcoins then you look for ways to get some free bitcoins so to know how they work. While yeah I agree most of the newbies have a myth that they can earn a lot with captchas and its "learn with faucets " I guess in reality.

[Sniper150]

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

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

Yes of course i agree with that. We need to keep our money safe in our coinbase or in our online wallet because, these is very important thing that we need to do , there are lot of scammers in this forum. So beware of those scammers. 🖐

[Barbut]

This should read every newbie. I made some of this mistakes, and I has luck cause I made mistakes with very low amounts so that didn't hurt me so badly. Be aware that newbies have two sides, one part of them are really newbies in blockchain technology, others are hidden scammers, and we as community need to be aware of that fact. I had bad situation with reputable member so I know what I'm talking about.

[izanagi narukami]

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

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

Yes of course i agree with that. We need to keep our money safe in our coinbase or in our online wallet because, these is very important thing that we need to do , there are lot of scammers in this forum. So beware of those scammers. 🖐

I'm ever got scam when I invest on golden cow when I knew bitcoin earlier. Try to invest 0.05 and expected return 0.075 in a week but I'm not aware that HYIP/Ponzi are behind of that scene. I

Identify scammer also difficult things for example : reputable escrow Maidak become scammer although he had hundred positive trust

[loposki]

Lovely piece here. Especially about the faucets. There is no bigger waste of time than faucets

[wahb]

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

i think it is too much important for a newbie to have good knowledge about bitcoin and trading if he is interested in bitcoin trading, or want to invest their money in trading alt coins.

[bncbnc]

Lovely piece here. Especially about the faucets. There is no bigger waste of time than faucets

yes that is a fact that one can get a very limited money from faucets, and there it is just the wasting of time. it think the best option is to invest bitcoin in alt coin and make good profit from there in a very very limited time.

[kidoseagle0312]

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

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

This article was very appreciated particularly for the newbies, I think you gave this things because many of the newbies are  being abused here some times, most of the newbies getting losses of money in the beginning. Nice dude, even the old member here in the forum will also got learn from it. God bless you pal

[asdalani]

Lovely piece here. Especially about the faucets. There is no bigger waste of time than faucets

Bitcoin Faucets are a nice source of income if the drips are used in a wise manner. I've noticed people building faucet bots that filled in Captcha's automatically and they would just collect the coins that they made and cashout whenever they could.
That's an easy money technique that someone could use on the side without doing much work.
I think that you'd be pretty surprised at the amount of people that are using Bitcoin Faucet bots online.