10 main mistakes of Bitcoin newbies

[AmeSakibimasu]

newbies easily trust people here in the cryptocurrency world, they also do the act first before they think and then they will just realized what they did was wrong.
they are too fragile on doing things here in crypto world such as trying different things just to earn bitcoin,
For example is investing those ponzi sites out there believing that they could earn a good amount of money there which is mostly turning to scams in the end.

[Duzter]

Lack of understanding, over expectation of being rich with bitcoin in a short. Believing that multiplication of bitcoin is quite an easy task to be done and getting under the traps of scammers who's major focus is towards the beginners to the cryptocurrency network.

[AlexBessonov]

I also find that 'newbies' tend to get scared at every little price-dip and sell right away, only to find that the price bounces back thrice-fold in the next couple days. Hold, hold, hold !

[xenxen]

thanks for this article and link it is helpfull to me as a newbie even though my rank is a member ihave lack of knowledge yet bitcoin currency..

[wxa7115]

i think the main problem for newbies is they are easy to gets panic when the price is up or down so they are in rush to sell or buy the coins because they don't want to get late in the party. but actually, if they are doing this for a long time, i think they can not make a good profit and they can get loss in any time. its normal in this situations because i have this experience too when i was new in trading and i made wrong decision in many times. but know i think i learn much from my mistake so i think i can fixed one by one of my mistake.

This is why when you begin your trading career the most important thing to do, is to start with a small amount of money that way even if you make mistakes, you will not lose too much money, and the most important thing is you will learn some lesson that will be useful for you on the future.

[DoublerHunter]

i think the main problem for newbies is they are easy to gets panic when the price is up or down so they are in rush to sell or buy the coins because they don't want to get late in the party. but actually, if they are doing this for a long time, i think they can not make a good profit and they can get loss in any time. its normal in this situations because i have this experience too when i was new in trading and i made wrong decision in many times. but know i think i learn much from my mistake so i think i can fixed one by one of my mistake.

This is why when you begin your trading career the most important thing to do, is to start with a small amount of money that way even if you make mistakes, you will not lose too much money, and the most important thing is you will learn some lesson that will be useful for you on the future.

That is the golden rule for almost all the newbies that i taught because i don't recommend them big capital because it is very risky for them because they doesn't have enough knowledge to compete to the market and the only thing that they can do in the starting point is to just study the market and get used to it and after that they can use bigger capital because they have got experience and knowledge.

[Golftech]

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

Yes it is. Many newbies have been failed because they think that hyip is really a good thing and it can help them to survive their needs. They doesnt think that it is more risky to get into a hyip.

this create wrong interpretation of bitcoin as they think that bitcoin investment is just a quick and easy money that they don't need enough knowledge in order to take the benefits and in the end of the day they just fell into a scammed system and loses everything instead of gaining
profits.

[hajimasan]

Well  its an information rich site. And really the type of explanation is quite user friendly and I love the site. As a newbie I had done mistake by investing in online could mining site and they ran away with my money. Secondly while the rate of bitcoin was less i had not bought bitcoin and latter on when the rate rise up then i bought bitcoin and had suffered losses and I had planned to quit bitcoin but later on price again rise up than god. And another mistake with newbie is that they want to mine bitcoin which is worthless and using faucet to earn bitcoin is totally useless.

[peter0425]

i think the main problem for newbies is they are easy to gets panic when the price is up or down so they are in rush to sell or buy the coins because they don't want to get late in the party. but actually, if they are doing this for a long time, i think they can not make a good profit and they can get loss in any time. its normal in this situations because i have this experience too when i was new in trading and i made wrong decision in many times. but know i think i learn much from my mistake so i think i can fixed one by one of my mistake.

This is why when you begin your trading career the most important thing to do, is to start with a small amount of money that way even if you make mistakes, you will not lose too much money, and the most important thing is you will learn some lesson that will be useful for you on the future.

That is the golden rule for almost all the newbies that i taught because i don't recommend them big capital because it is very risky for them because they doesn't have enough knowledge to compete to the market and the only thing that they can do in the starting point is to just study the market and get used to it and after that they can use bigger capital because they have got experience and knowledge.

They can probably used small capital to begin with the trading. So at least they will have the experienced to play with their money and if they lose at least it will be a learning experience for them. And as they mature and gain experience they can probably starts increasing their capital and for sure they will now gain knowledge and profit.

[Meycell]

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 shock about it, i remember if i am newbie "get rich from faucet is embarrassing thing "
and second thing is i lose my privatekey

[djoko adi]

Not just capital in priority but a skill that can minimize the existing losses. So u beginners should know it before making a big mistake that result in loss of our money

[Pattart]

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

Many newbie stuck in ponzi investment scheme, mlm, hyip. Because all they care about is profit. Do not think the risks or what will happen in the future. They think short and immediately make an investment without looking at the trust
So when they get a scam, they cry

[bitbob82]

Lack of understanding, over expectation of being rich with bitcoin in a short. Believing that multiplication of bitcoin is quite an easy task to be done and getting under the traps of scammers who's major focus is towards the beginners to the concurrency network.

i think one of the main reason can also be that the newbie do not have good experience, they don not know when where and how to use their bitcoin to get maximum benefit from it. i  think they need to be too much careful while investing their money.

[gabbie2010]

Get rich syndrome is one of the  mistakes of newbies, they have the mind set of becoming millionaire overnight not minding that slow and steady win the race. My advice to newbies is to learn and be diligent with time surely they will get there, there are vast information about bitcoin online and other cryptocurrencies for newbies. When I heard about bitcoin I studied it very well, now I am reaping my efforts.

[rays.strategies]

Get rich syndrome is one of the  mistakes of newbies, they have the mind set of becoming millionaire overnight not minding that slow and steady win the race. My advice to newbies is to learn and be diligent with time surely they will get there, there are vast information about bitcoin online and other cryptocurrencies for newbies. When I heard about bitcoin I studied it very well, now I am reaping my efforts.

good point gabbie. 

im pretty new to this and i find it so overwhelming with all the information that i dont really know where to start.  ive been looking at some icos, and all of them are like 50+ pages. 

[sasaku bitbit]

I never had this experience when I was new in the trade and I made the wrong decision in many times. But know I think I learned a lot from my mistakes so I thought I could keep one of my errors.
This is why when you start your trading career is the most important thing to do, is to start with a small amount of money even if you make mistakes, you don't lose too much money and the most important thing is you will learn some of the lessons that will be useful to You in the future. so you no do the same mistakes, give the right decision

[BitcoinzB]

I never had this experience when I was new in the trade and I made the wrong decision in many times. But know I think I learned a lot from my mistakes so I thought I could keep one of my errors.
This is why when you start your trading career is the most important thing to do, is to start with a small amount of money even if you make mistakes, you don't lose too much money and the most important thing is you will learn some of the lessons that will be useful to You in the future. so you no do the same mistakes, give the right decision

That's it, always start small and never go all in. Mistakes will happen when you jump into something new, even if you have been reading threads on forums for months - but at least they will give us a good lesson

[carlisle1]

I never had this experience when I was new in the trade and I made the wrong decision in many times. But know I think I learned a lot from my mistakes so I thought I could keep one of my errors.
This is why when you start your trading career is the most important thing to do, is to start with a small amount of money even if you make mistakes, you don't lose too much money and the most important thing is you will learn some of the lessons that will be useful to You in the future. so you no do the same mistakes, give the right decision

That's it, always start small and never go all in. Mistakes will happen when you jump into something new, even if you have been reading threads on forums for months - but at least they will give us a good lesson

experience will be the best teacher most of the time , this mistakes happens with newcomers has been experience too by those who claimed to be a pro users of this bitcoin investment, many of us also did try ponzi , hyip and some other platform that attract us to joined using bitcoin but after that and if failure happens we will start to grow up and understand the risk and avoid mistake again.

[justspare]

i think the main problem for newbies is they are easy to gets panic when the price is up or down so they are in rush to sell or buy the coins because they don't want to get late in the party. but actually, if they are doing this for a long time, i think they can not make a good profit and they can get loss in any time. its normal in this situations because i have this experience too when i was new in trading and i made wrong decision in many times. but know i think i learn much from my mistake so i think i can fixed one by one of my mistake.

Being in hurry always harms it's a very true saying of some wise people to get something you need to be ready for it completely. The mistake that new users mostly do is try to get rich in short time, firstly newbies always should search how to get free Bitcoin rather then short buying large number of Bitcoin and getting used to it hence its practically  not so easy to get free so people waste a lot of time through faucets and without experience they enter in gambling, it I think the major issue.

[Hammonds]

Yosh, articles that are very useful for beginners like me, I am very grateful and very appreciate your article