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Biggest Bitcoin Mistakes!?!?
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Topic: Biggest Bitcoin Mistakes!?!? (Read 757 times)
AdaptQuickly
(OP)
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Biggest Bitcoin Mistakes!?!?
October 09, 2013, 05:48:55 PM
#1
I want to know what you guys believe are the most common mistakes that new bitcoin user make!
I would have to say that most don't realize the importance of a STRONG password.
I.e 10 charaters w/ letters, capital letters, numbers, and signs (#@$%#...etc)
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naphto
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Re: Biggest Bitcoin Mistakes!?!?
October 09, 2013, 05:50:43 PM
#2
Password?
What are you speaking about?
There is no password.
Do you mean password for this forum? Or for an online wallet?
Cryddit
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Re: Biggest Bitcoin Mistakes!?!?
October 09, 2013, 05:51:09 PM
#3
Keeping unencrypted wallets on Windows machines with Internet connections.
This is, of course, a self-correcting problem.
pand70
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Re: Biggest Bitcoin Mistakes!?!?
October 09, 2013, 05:55:27 PM
#4
People not having backups of their wallets maybe...
Since everyone can encrypt their wallet, cloud backups are a good choice imo.
☠ Mακριά απo τo bitcoinx.gr και τoν Serenata ☠
jeffhuys
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Re: Biggest Bitcoin Mistakes!?!?
October 09, 2013, 05:57:49 PM
#5
Passwords ARE NOT ENOUGH! Where possible, use 2-factor.
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jeffhuys
Sr. Member
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Activity: 252
Merit: 250
Re: Biggest Bitcoin Mistakes!?!?
October 09, 2013, 05:58:15 PM
#6
Quote from: pand70 on October 09, 2013, 05:55:27 PM
People not having backups of their wallets maybe...
Since everyone can encrypt their wallet, cloud backups are a good choice imo.
Also this. I backup my wallet with dropbox. No problem, because it's encrypted.
█████
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RodeoX
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The revolution will be monetized!
Re: Biggest Bitcoin Mistakes!?!?
October 09, 2013, 06:01:32 PM
#7
Failure to back up your wallet. DO IT NOW!!!!
A lot of sad stories start with a wallet that has no backup.
The gospel according to Satoshi -
https://bitcoin.org/bitcoin.pdf
Free bitcoin in
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- Stay tuned for this years Bitcoin hunt!
AdaptQuickly
(OP)
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Activity: 86
Merit: 10
Re: Biggest Bitcoin Mistakes!?!?
October 09, 2013, 06:01:41 PM
#8
Quote from: naphto on October 09, 2013, 05:50:43 PM
Password?
What are you speaking about?
There is no password.
Do you mean password for this forum? Or for an online wallet?
I meant Online wallet password.
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bitcoin44me
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Re: Biggest Bitcoin Mistakes!?!?
October 09, 2013, 06:05:27 PM
#9
Do not use 2FA and getting hacked.
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AdaptQuickly
(OP)
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Re: Biggest Bitcoin Mistakes!?!?
October 09, 2013, 06:19:12 PM
#10
Quote from: bitcoin44me on October 09, 2013, 06:05:27 PM
Do not use 2FA and getting hacked.
+1
Question: How much does 2FA increase sercurity? I understand that the increase is substantial, but in comparison to not using it?
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Victorinox
Newbie
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Re: Biggest Bitcoin Mistakes!?!?
October 09, 2013, 07:13:52 PM
#11
I backup my wallet, use 2 stem authent and encrypt but how dangerous are Macs in general to these attacks?
torrentheaven
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Re: Biggest Bitcoin Mistakes!?!?
October 09, 2013, 08:56:27 PM
#12
Quote from: AdaptQuickly on October 09, 2013, 05:48:55 PM
I want to know what you guys believe are the most common mistakes that new bitcoin user make!
Forgetting password
Make sure you write it to paper so you dont loose access to your wallet in future
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