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Author Topic: Newbies to Bitcoin can be dangerous!  (Read 2804 times)
sneeze11
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August 13, 2018, 02:53:37 AM
 #401

I have run into several Bitcoin "newbies" over the last couple of months, that are spreading the wrong information on forums and/or in person. Their intentions is good, but the results is bad, because they did not do proper research.

Some of these people are selling themselves as experts, because they have been in the scene for a few months. I have been in the scene for years and I still know very little about EVERY aspect of this technology.

I think you should rather admit it, when you do not know something about the technology, than selling your little knowledge as facts. I will regularly tell people that I am not clued up with every aspect of this technology, but I always try to do proper research, when I encounter something that I am not 100% clued up on.

~ Ask, if you not sure.
~ Do not lie, if you are unsure.
~ Do proper research, before you educate other people.
~ Accept that you will not know it all.
~ Fact check what you already know.
~ Do not argue, if you not sure about your facts.

Let's agree that we all learn something new about this great technology almost every day, so only a small amount of us are experts.  Wink




Yes bitcoin can be dangerous in newbies because there is a chance that they will get scam by others. I suggest to all newbies to make a research before you join here in bitcoin.
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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TahuDiniHari
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August 13, 2018, 02:58:21 AM
 #402

I agree but we should not forget that all the member of high position were once newbie, it is our responsibility to teach them and if they don;t understand then should take action.

yes, really! because every boss, once was an employee too! there is a process that must be lived and enjoyed. Enjoy this moment  Cool
Najam11
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August 13, 2018, 02:59:04 AM
 #403

They are the more hackable person.
anhmai4155948@gmail.com
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August 13, 2018, 03:04:14 AM
 #404

Bitcoin and the entire crypto market are at great risk in dealing and there are also many other risks such as rules and risks outside the transaction that new people have to understand and they need a cryptographic transaction in a way. Seriously if they really care about making money. This does not suit the newbie, they are often prone to psychological and have no knowledge
bp.comp69
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August 13, 2018, 03:07:09 AM
 #405

I have run into several Bitcoin "newbies" over the last couple of months, that are spreading the wrong information on forums and/or in person. Their intentions is good, but the results is bad, because they did not do proper research.

Some of these people are selling themselves as experts, because they have been in the scene for a few months. I have been in the scene for years and I still know very little about EVERY aspect of this technology.

I think you should rather admit it, when you do not know something about the technology, than selling your little knowledge as facts. I will regularly tell people that I am not clued up with every aspect of this technology, but I always try to do proper research, when I encounter something that I am not 100% clued up on.

~ Ask, if you not sure.
~ Do not lie, if you are unsure.
~ Do proper research, before you educate other people.
~ Accept that you will not know it all.
~ Fact check what you already know.
~ Do not argue, if you not sure about your facts.

Let's agree that we all learn something new about this great technology almost every day, so only a small amount of us are experts.  Wink

Yes, because beginners do not understand all the policies in Bitcoin, maybe there is a danger, someone should guide them for the road ahead.
TheGodFather
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August 13, 2018, 03:08:14 AM
 #406

Bitcoin and the entire crypto market are at great risk in dealing and there are also many other risks such as rules and risks outside the transaction that new people have to understand and they need a cryptographic transaction in a way. Seriously if they really care about making money. This does not suit the newbie, they are often prone to psychological and have no knowledge
even though the market are in the dropping rate , there are still many hackers and scammer want to steal money for the newbies so we can't be relax in the hacker and scammer. we have to say to the newbies that they need to think carefully about doing ine thing in here because it can might be a trauma or scared again in investing bitcoin if they got hack or scam
paparexon0414
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August 13, 2018, 04:13:20 AM
 #407

Totally true. Due to the big market for bitcoins, we people tend to be boastful innthe little knowledge we gain. But, we only have the basic information and still not going to the depth of the real meaning or how bitcoin really works. Myself is guilty with this. In a year have been in the industry, i thought i know much about bitcoin, but as day changes there are new things happening in bitcoin that we never thought would happened. So better read always so you have new knowledge to share.
Suketlapangan
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August 13, 2018, 04:25:20 AM
 #408

That's right, our knowledge about bitcoin is actually still lacking, and every day you have to keep learning and learning because every day there is nothing you don't know about bitcoin, no matter how many years you know bitcoin ..
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August 13, 2018, 04:26:29 AM
 #409

We must be open to all crypto currency players, both professionals and beginners. Not only beginners who can be dangerous, old players who are experienced and professional can be dangerous. Even people with more knowledge will be more cunning in gaining profits. They can justify any means to make a profit. They can manipulate the market with a very smart ability. Beginners can also be dangerous when a beginner without knowledge is determined to invest or trade with huge capital. Such people will create chaos on the market.

BAGOBO
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August 13, 2018, 04:29:25 AM
 #410

Totally true. Due to the big market for bitcoins, we people tend to be boastful innthe little knowledge we gain. But, we only have the basic information and still not going to the depth of the real meaning or how bitcoin really works. Myself is guilty with this. In a year have been in the industry, i thought i know much about bitcoin, but as day changes there are new things happening in bitcoin that we never thought would happened. So better read always so you have new knowledge to share.
for friends who have just joined the bitcoin world, I hope you don't need to be afraid of the world of bitcoin. what exactly should be feared? the world of bitcoin which is needed only capital, courage, a thorough study of bitcoin and always makes the right decision based on market movements. profit and loss can approach us in bitcoin, always working hard to achieve maximum results.
karman383
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August 13, 2018, 05:09:52 AM
 #411

Bitcoin technology, I admit that it is difficult to get the existing knowledge with certainty, I myself am still far from the word "expert" as time goes by we can know the contents of the technology itself correctly and precisely only the new people here they may feel upset with the done with what is obtained is not worth it so they just comment on things that are not right here.
For beginners it should be wiser in giving the right words or opinions it should not be with the small things you want to get bigger but unlike his desire to get done that is not good. Of course the process will not deceive the results.
CaterpillarRave
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August 13, 2018, 06:32:29 AM
 #412

The nature of inferiority and willingness to receive criticism is the key to success in life, I am additionally right here still feeling the lack of knowledge, and I realized a lot from my seniors. I agree with you. And there is some thing I want to add. It's about topic titles. Issues that are irrelevant and weak in content. I find these troubles unnecessary. It's just a hyperlink sharing issue. But looking into it, it is empty. I assume they're doing it to earn merit.
FreeJack2k
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August 13, 2018, 06:36:46 AM
 #413

Thats why those that called them selves as an specialist ought to provide the desirable data to keep away from bias in any records about bitcoin and its technology, so the dialogue can be fruitful two for the reader. Because if we solely put up a tread to limit the beginner to no longer posting any incorrect data its looks useless, all of the humans thinks that they already in the proper path.
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August 13, 2018, 09:47:59 AM
 #414

I forget my wallet passphrase and lost 0.5 BTC, and then i made wrong transaction and my 0.2 BTC has gone to wrong Bitcoin address.. Anyway now i know many things about all cryptos but i paid to learn.
Bumblecoin
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August 13, 2018, 09:50:33 AM
 #415

We can call them newbie experts and they are dangerous because they don't know the ABC of cryptocurreny market never do proper research and start educating and suggesting peoples and with their these kind of experiments peoples loose money because they start spreading fake, news i am also familiar with bitcoins since two years and i take proper knowledge and do research then do post or suggest people.
So newbies must read more and study harder crypto currency. They will not be mislead if they will know more before indulging in. There are also those higher in rank that are so kind to help newbies.
trangoccho
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August 13, 2018, 09:51:55 AM
 #416

I fully agree with you, I have been involved for almost a year but I still do not understand this technology. I'm still learning about what I'm doing. I am completely blind on investment and market participation.
Jose Rizal
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August 14, 2018, 02:59:14 PM
 #417

We can call them newbie experts and they are dangerous because they don't know the ABC of cryptocurreny market never do proper research and start educating and suggesting peoples and with their these kind of experiments peoples loose money because they start spreading fake, news i am also familiar with bitcoins since two years and i take proper knowledge and do research then do post or suggest people.

O agree with you, and if you think Bitcoin was really knew to yoi then dont enter yoirself here with a trial and error guts, and too much confidence cause it will lead you to vulnerability to lose wll your money and investments that you would like to try so better be guided, be observant ,be knowledgeable ask wuestion and read always these things will help you to cope up.

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August 14, 2018, 03:12:42 PM
 #418

I fully agree with you, I have been involved for almost a year but I still do not understand this technology. I'm still learning about what I'm doing. I am completely blind on investment and market participation.
Bitcoin can really be dangerous to newbies if they do not have enough knowledge about it. If they will just invest without consulting or reading facts. To avoid loss, research is a must.

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August 14, 2018, 03:17:52 PM
 #419

It could be that way. If you are new to this market then you should learn how to secure your wallet first. After learning how to secure your account and wallet, you should learn how to invest so that you reduce the risk to the lowest level.
Wish 107.5
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August 14, 2018, 03:21:35 PM
 #420

There’s a possibility that newbies to bitcoin can be dangerous; especially when newbies are lacking knowledge regarding bitcoin investment. If they do not have enough knowledge, everything may fall apart.
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