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Author Topic: Top 3 things you wish you knew when you first started ...  (Read 154 times)
nanasei
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June 29, 2018, 10:17:24 PM
 #21

The most important thing I wish I knew was this forum, bitcointalk. If I knew this forum, my knowledge in bitcoin and altcoins trading will have enabled me to prevent most of the mistakes I made in my first year.
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June 29, 2018, 11:10:12 PM
 #22

Three things i wanted to know before coming to the community were;
1. how to select bounties
2. Benefits of hodl and sell
3. The need to put in massive work towards campaigns
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June 30, 2018, 04:42:08 PM
 #23

Don't chase every single pump

Don't trade without a plan

Don't buy alts during a Bitcoin bear market
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June 30, 2018, 04:55:37 PM
 #24

1. this isn't a get rick quick scheme
2. only invest what you can afford to lose
3. beware of scammers that will rip you off
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June 30, 2018, 07:15:45 PM
 #25

1. Make sure you read as much as possible to avoid beginner mistakes. Make you familiar with the technical aspects at least the basics. Things about safety (never share your private key and keep it safe, offline), to choose a good wallet (never store a big amount of coins at your exchange wallet). And read how to avoid phishing sites.

2. Don't trust anyone. There are many scammers out there hoping for unexperienced newbies and they hope to stole their money. If an investment opportunity sound to good to be true this is most likely a scam. Remember of Bitconnect? Lots of investors were scammed because they didn't beleive this was a scam. The most frequent errors are those you can avoid from yourself by doing your own research. If you are not sure, stay away. Somitimes not lost money is also a profit.

3. Only invest what you can afford to lose. This point seems to be the easiest but also the most challenging one. It's important to think clear even if you are very optimistic about this coin or project. It's wise to go for slow but constant profits. Don't fall for FOMO or FUD  Wink

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July 02, 2018, 05:48:30 AM
 #26

1: take you time, read, learn
2: Bitcoin is the king, all the rest is lottery
3: this is not the real life, Relate your losses and be humble in your gains


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