Bad advices regarding Bitcoin

[kolbalish]

TyI haven't any bad pieces of advice regarding Bitcoin but have a big problem dealing with bitcoin that our government restricted it yet and there are no chances to accept it soon. So it is my big and bad experience in Bitcoin.

[uneng]

Worst advice I received was people telling me to not invest in bitcoin, because the internet is full os scams and thieves. This kind of advice made me fearful, so to avoid being scammed I sold many coins when bitcoin's price was still low. Next, I told people around I was able to cash out the bitcoins and turn it into fiat profit. But it wasn't enough yet to make them change their minds.
If I had received the correct advice on that time, today I would hold more coins and if people around me had done the same and followed my intuition, they would be much better financially. But as we can't change the past I prefer to not think too much about it.

[iamsange]

What is the worst piece of advice you've received since you first began dealing with crypto? Mine was to take pictures of my wallet seeds with my phone so I don’t lose them.

Not only advice but there was a guy who selling trick in gambling dice. I think that is my worst experience to believe there is a trick in gambling and i bought it. What the end is same, i lose in gambling and then not want to believe it again. Never get any problem about wallet, exchanges beside keep lose in trading and i avoid any kinds of HYIP/ Ponzi scheme.

[posi]

The worse advice I received when I started my cryptocurrency journey is joining the MMM Japan crypto ROI investment with my BTC holding then and also asking a friend to help create a wallet which later landed me into trouble but it all good though.
Mistake makes lesson learned.

[Yogee]

Buy this or that coin because it will moon or Mars.

[just_Alice]

I received similar advice to the one you described, but, perhaps, even dumber. To write down the password, seed phrase, and other data about the wallet in the notes. Turned out really bad for me.
The other advice wasn't general, but it was rather casting doubts and putting pressure on me so that I will sell my crypto at a time when the market is bearish. Many of my relatives don't trust cryptocurrency and every single time the price starts dropping I hear the good old "I told you so" and the panic, that this will be the end of Bitcoin, sell now or lose everything you have  

[molsewid]

Worst advice I received was people telling me to not invest in bitcoin, because the internet is full os scams and thieves. This kind of advice made me fearful, so to avoid being scammed I sold many coins when bitcoin's price was still low. Next, I told people around I was able to cash out the bitcoins and turn it into fiat profit. But it wasn't enough yet to make them change their minds.
If I had received the correct advice on that time, today I would hold more coins and if people around me had done the same and followed my intuition, they would be much better financially. But as we can't change the past I prefer to not think too much about it.

Same mate, I've always heard a lot before telling bitcoin is not real and people behind it are scammers. I've been interested in bitcoin before but got scared to try because what people told about it. Until I meet people who educate me well about this thing and I decided why not to give a try. If I met that people before maybe I am better financially now. But like you I just not think it too much. I focus right now to be better in what I'm doing now and be more financially successful someday.

[Saint-loup]

What is the worst piece of advice you've received since you first began dealing with crypto? Mine was to take pictures of my wallet seeds with my phone so I don’t lose them.

I'm sorry but I don't think that's a totally bad advice, especially if you are using a passphrase with your BIP39 seed. Because a seed written on a paper is generally more at risk of being lost, destroyed or discovered by an evil maid than a file online. If people are using cloud storage that's because it's more convenient and safer than paper. And a picture is safer than a text file because it can't be easily parsed by bots and monitoring malwares.

[Alucard1]

Investing in a fake website recommended of one of my classmate before, it is an investing website that offers to double my money in just one day, he is not also an expert in terms of the crypto world and he also doesn't have any good experience yet in the crypto world but still, I trust him because he is my classmate, I am also a beginner that time so I am not bothered about getting scammed. It is not like advice but we can still somehow considered as advice because he told me to invest.

[verita1]

Taking photos of the wallet seed is a serious mistake. Fortunately, I didn't get bad advice when I first started crypto. I would advise crypto beginners to be disciplined and to keep their passwords, private keys, and seeds in a safe place.
Take a notebook and a pencil and keep all the information you need and also keep it in a safe place. I would make two copies avoiding any loss, living in crypto is not for lazy people.

[xiboothrezi]

What is the worst piece of advice you've received since you first began dealing with crypto? Mine was to take pictures of my wallet seeds with my phone so I don’t lose them.

When my family found out I was involved with bitcoin, many advised me to leave because they said it was "dangerous" and "bullshit".  I had my doubts and stopped for a while because I didn't adapt well so I didn't get much profit at that time.  but because I want to get additional income from the internet, I stay here.  until finally I met a lot of people, learned a lot, kept trying until I could find the best way to get a profit.

it's great to read your experiences.  really a valuable experience from many points of view.  Regarding investment, I was also caught in the ICO scam because of Fomo from my friends on Facebook.  haha ... at that time I just joined in doing the analysis.

[velive08]

What is the worst piece of advice you've received since you first began dealing with crypto? Mine was to take pictures of my wallet seeds with my phone so I don’t lose them.

Bad advice about bitcoin is that when bitcoin has gone up dramatically, many people suggest to me to buy after the price goes up. even though it was wrong because of the risk, but I did that and almost suffered a loss due to being trapped in a correction, I continued that and I was able to get a profit. it is very annoying and bad, because they advise but in the way of bitcoin uptrend is not good

[online73]

Hello everybody. No matter how funny it is, the worst and stupid advice was not to get involved with cryptocurrency and withdraw all the money as soon as possible. Here, I think, there is nothing to even discuss. The rest of the advice, over time, I began to consider through my own experience. If you understand, then in general it is not worth resorting to other people's advice at all. Live your own head, earn your own experience, and learn from your own mistakes.

[Stalker22]

What is the worst piece of advice you've received since you first began dealing with crypto?

The worst piece of crypto advice I got was: DO NOT BUY Bitcoin.

You see, I was told not to buy Bitcoin for several reasons:
Bitcoin will eventually disappear. It has been inflated too much. It is too hard to buy Bitcoin with cash. There will be another Bitcoin bubble coming in the future. You will lose money and probably lose it badly.

This was the first piece of advice I was ever given that helped me lose money.

[Rengga Jati]

What is the worst piece of advice you've received since you first began dealing with crypto? Mine was to take pictures of my wallet seeds with my phone so I don’t lose them.

Who did this to you? Really funny because the platforms themselves will never allow or suggest we take pictures or screenshots of the seeds.
And when if you did this, he will ask borrowing your phone in order to take the seeds 
Glad that you didn't follow it.

Mine was probably about invited to make an investment in a certain hyped coin at that time, saying that I would be rich soon 
Gladly at that time, I didn't have any money.

[Ridwan Fauzi]

I haven't met to take a bad advice from someone else since I just newbie to crypto currency. Because, before I spent money to buy bitcoin I just find a lot of knowledge first about bitcoin especially in this forum through beginner and help section. Yeah, the beginner and help section is so helpfull for newbie, there are so many information or some guard to know the ins and out about bitcoin.

But, maybe there a worst thing that happened to me when I started to trade crypto currency. Yeah, I take a lot of advice from other people and make it as my own strategy without I know I took the decision. Almost $1000 I lost my money because I made other people decision. That is the worst thing that I did then I realized and learn hard about trading strategy and until now I still learning it.

[pixie85]

The worst advice I hear people give newcomers all the time is: don't put all eggs in one basket. Don't hold only bitcoin, buy top 10 market cap altcoins because they're cheaper then bitcoin and you'll make more money.

It shows that people don't understand that the altcoin market depends on bitcoin and altcoins are more volatile than bitcoin in both ways. You can make money quicker but you can also lose them quicker. For newcomers who don't own any cryptocurrencies it's always better to buy bitcoin.

The second worst is: trade because trading is the best way to get more coins.
Trading isn't for everyone and if you haven't done that in the past you'll make mistakes and lose money. This advice is usually given by people who made money in the bull market and think trading is easy or by traders who want newbies to fail and lose money. For someone to win on the market someone else has to lose.

[Rruchi man]

In all my years of being involved in holding and trading bitcoin, the worst advice i have gotten at one time was to exchange all my bitcoins for altcoins, not some, all. Good thing is I was already knowledgeable enough to know that that was not a good advice and the advice was coming from my advicers point of view.

[Asuspawer09]

What is the worst piece of advice you've received since you first began dealing with crypto? Mine was to take pictures of my wallet seeds with my phone so I don’t lose them.

I mean taking a picture of the wallet seeds is not actually bad as long as you store it offline that could probably be a good thing instead of writing the wallet seed on a piece of paper.

Most of the member here are lucky because they are getting advice from different people here in the forum, in the past years getting information was really difficult you need to have the resources and everything but now is different and it just an information overload to the point where you do not know what to follow.

When I just getting started I need to do it on my own and learn everything about this cryptocurrency, that includes making a lot of mistakes or losing a lot of money.

[pilosopotasyo]

What is the worst piece of advice you've received since you first began dealing with crypto? Mine was to take pictures of my wallet seeds with my phone so I don’t lose them.

Using an online wallet to store my Bitcoin my friend advice me to use an online wallet because he too is not aware of the existence of desktop and ledger wallet, once I found out about ledger and desktop wallets are more secured I bought a new ledger and download desktop wallet and transfer all my coins, before investing be sure you are educated on where you are going to store your coins.