10 main mistakes of Bitcoin newbies

[crazyivan]

All of these mistakes re quite common in crypto newbie world besides faucets. I really do not think anyone sane uses faucets anymore besides people from third world where $1 means something.
On the other hand, these people re not targets for faucets marketing so it does not work.

[--Python.Core.Developer--]

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

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

Pretty useful information for me. I was doing every single of the mentioned mistakes. Your efforts are much appreciated.

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. 

Only the article was missing the commin mistake newbies make, by setting low fee in transactions then gettting unconfirmed transactions and blaming the evil nature of bitcoin as stated by SONG GEET

[--Python.Core.Developer--]

All of these mistakes re quite common in crypto newbie world besides faucets. I really do not think anyone sane uses faucets anymore besides people from third world where $1 means something.
On the other hand, these people re not targets for faucets marketing so it does not work.

$1 means something to the third world, all right. But if those third world people could go to work as a waiter, as stated in the article then, they could surely make more money then earning from the faucets.

[Lenzie]

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 really save me. Thank you for the great article.

[xIIImaL]

All of these mistakes re quite common in crypto newbie world besides faucets. I really do not think anyone sane uses faucets anymore besides people from third world where $1 means something.
On the other hand, these people re not targets for faucets marketing so it does not work.

Why not! Initially newbies can start up with the faucets and then they learn about bitcoin Youtube and another online article which has been mentioned in the above post. Apart from that newbies get scammed in some trades, mostly in Accounts, invites, cloud mining and gift cards.
Please learn everything before get into the services or trade in this forum.

[Xester]

The most frequent errors perpetrated newbie is they are looking for a free way for example bitcoin claims faucet, and following a giveaway. Perhaps the result there but I think it is not enough to change the cost of the internet.

I believe that searching for free bitcoins such as claiming in faucet and other give away is harmful and erroneous to newbies. I am seeing it the other way since that is how I started with bitcoins from collecting from the faucet and that activity has given me enough experience to level up in searching for free ways to get bitcoins. Right now I am earning 400$ monthly without buying any bitcoins for investment but from online jobs and referral commissions. Thus for me claiming satoshis at faucets are basic experience that will soon our stepping stones towards earning more online.

[Master_dandosha]

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

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

Thank you for sharing but following the HYPE especially in shit program is the first big mistake many follow it .

[zeze18]

Indeed effort to get bitcoin for free is certainly not easy if not supported with ability and knowledge in field of bitcoin, because sometimes we often find some sites are just scamm and of course this will waste a lot of our time, maybe with this forum can help for newbie To gain knowledge on how to get the appropriate bitcoin in the expectation.

[Rinder]

I believe the most newbies started with faucet, till they learn and understand better the crypto world. The crypto world is something that will require information, and well those can be manipulated as well the market, the fact is crypto is stable and very volatil, with a huge potencial of returns as well loss, almost the same as forex.

[AngelSky]

Indeed effort to get bitcoin for free is certainly not easy if not supported with ability and knowledge in field of bitcoin, because sometimes we often find some sites are just scamm and of course this will waste a lot of our time, maybe with this forum can help for newbie To gain knowledge on how to get the appropriate bitcoin in the expectation.

Newbies need to perfect in all aspects of bitcoin to skip from the mistakes on bitcoin investments and earning methods. When I was a newbie, to say I was member rank guy that time. I thought to sell LBC data in digital goods. I forgot to use escrow. He just scammed me in that trade. I wasted 0.04 btc in that trade.

[llyfee4u]

Personally, the costly mistake for me was falling for the amount and level of fud in exchange trollboxes, its just ridiculous.  But then again, when you're a new to something, there are costly mistakes along the way sometimes.

[knuckle sandwich]

Overall pretty good list but I don't think they all apply to noobs.  I don't see noobs suddenly deciding to daytrade.

[el kaka22]

Indeed effort to get bitcoin for free is certainly not easy if not supported with ability and knowledge in field of bitcoin, because sometimes we often find some sites are just scamm and of course this will waste a lot of our time, maybe with this forum can help for newbie To gain knowledge on how to get the appropriate bitcoin in the expectation.

Newbies need to perfect in all aspects of bitcoin to skip from the mistakes on bitcoin investments and earning methods. When I was a newbie, to say I was member rank guy that time. I thought to sell LBC data in digital goods. I forgot to use escrow. He just scammed me in that trade. I wasted 0.04 btc in that trade.

A common mistake of beginners in crypto world is not spending enough time for learning basics. There are many guides are available to protect ourselves and how effectively get into crypto world, still people are ignoring them just due to the reason of rushing into making their fortunes. Unfortunately everyone wants to learn the basic by their own mistakes. That is the reason the concept of faucets are still alive and scammers are around us.

[Supercrypt]

Main common mistakes are listed below:
-Sharing the private key to the others.
-Forgetting the private key.
-Using online wallets.

I don’t know about using an online wallet a mistake, I mean we all started using online wallets because they are the first thing that we need to earn bitcoin, as a newbie using offline wallets seemed way too complicated for me, and the thought that if my pc gets hacked or stops working made me chose the online wallets over the desktop ones because, they are easier to use and your coins are always safe.

While using online wallets, there will be no chances of mentioned other two problems which are dealing with privatekeys as most of the online wallets not letting access to privatekeys.

[scambust]

There will always be gullible people as the userbase expands.

[Prodigan786]

Yes to really good article it made me to remember those days I was doing mistake as a newbie I wish I could have found this article in that time. But these article not covered low transaction time so that user get panic for transaction time

[bicork]

Time goes, newbies mistakes stays the same on different markets. But the article needs correction right now, liquidity is much higher now, but still is not that high (49 billion right now vs 15 bln in this article)

[alexsamudra]

Maybe the first mistake is wrong word for newbie, Many newbie bitcoin finally get scammed by bitcoin based scam / hyip / ponzi / doubler.

[iv4n]

Maybe the first mistake is wrong word for newbie, Many newbie bitcoin finally get scammed by bitcoin based scam / hyip / ponzi / doubler.

In the way you wrote it newbie have a double meaning. First is bitcoin newbie, a person that doesn't have experience with bitcoin, he is first time here and he is learning his first steps.
Other newbies are new, in most cases alt profile's made to scams people on various ways. Also this newbies are spreading their lies and they luring people into their hyip,ponzi or doubler schemes.
My question is the same like before when will people learn to not trust in anything that sounds too good to be truth, nothing comes easy.

[rikybrosh]

Maybe the first mistake is wrong word for newbie, Many newbie bitcoin finally get scammed by bitcoin based scam / hyip / ponzi / doubler.

Yes, newbies are still learn about bitcoin world.  They have to keep active in this forum to get a lot of information. The mistake that newbies usually do is afraid when bitcoin price down then they sell it.  Bitcoin is volatile so do not worry when bitcoin price down because the price will go up again.