"What are the biggest mistakes I should avoid as a newbie"?

[CryptoHeadlineNews]

"Hello everyone,

I'm Ummsha by name an accomplished newbie to the world of cryptocurrency. I stumbled very well upon BitcoinTalk while researching Bitcoin and i was impressed by the communities knowledge and passion. I'm eager to learn more about cryptocurrency such as  investing, trading, and the technology behind it. I'm looking forward to absorbing informations, asking neccessary questions, and contributing to discussions.Also I will learn to accept my errors or mistakes rather.Please bear with me as I navigate this new space!

Thanks for having me!🙏

It's actually a pleasure to have you among the world largest crypto community on the face of planet earth, and as such, the biggest mistakes you could make as a newbie on this forum are as follows;
1. To chase after Merit for account growth, while forgetting to provide value for forum discussion.

2. To post plagiarism content on the forum without proper referencing, as it's highly prohibited.

3. To think Bitcoin is a get rich quick scheme, because Bitcoin is literally not a get rich quick scheme, but rather an asset of value..

[Tmoonz]

"Hello everyone,

I'm Ummsha by name an accomplished newbie to the world of cryptocurrency. I stumbled very well upon BitcoinTalk while researching Bitcoin and i was impressed by the communities knowledge and passion. I'm eager to learn more about cryptocurrency such as  investing, trading, and the technology behind it. I'm looking forward to absorbing informations, asking neccessary questions, and contributing to discussions.Also I will learn to accept my errors or mistakes rather.Please bear with me as I navigate this new space!

Thanks for having me!🙏

You are welcome mate a lot has already been said by other users of which am encouraging you to take a very good note of them as they are very important in helping you navigate the forum in the most efficient way. However, don't be discouraged for any reason, be very open to learn new things, you must willing in making reading your habit, make researches compared and contrast before making any conclusions, it is also very important to note that plagiarism is a high offense and it is highly prohibited, don't be in a hurry to be like other users that higher than you but take quality time to learn.

[Natalim]

Do not enter the market when you are not ready yet. One should be financially, mentally, and emotionally ready before he will risk his time and money in the market, otherwise everything will end up a mess.

Also, do your own research so you won't rely to others for your decision making in the forum. Even following pros and legendaries in the forum won't guarantee your success in the forum and in the market, so always do your own extensive research.

[Miles2006]

Welcome mate, I stumble across numerous topics similar as this whereas learning is not difficult if only you’re willing to know more. Asking questions is important but the one fact I don’t joke with is safety, I don’t know the kind of knowledge your seeking for probably op might be referring to forum knowledge or bitcoin in general, situations when a newbie just buy bitcoin it’s like the best move anyone has done while learning, in this situation buying or learning first is a choice but practice makes perfect. Firstly where and how to store you coin is important like avoid storing your coin in an exchange basically you buy and sell only using and exchange nothing else and as time goes you get to read more from higher rank members about the forum and bitcoin.

[nakamura12]

One of the mistakes is not following the forum rules that may result in getting banned. Here's some advice for newbies, bitcoin is not what many people think that it is s get rich quick scheme type when it is not at all. There's this other mistakes that newbies might have done which is not keeping their seed phrase safe and sound, storing their funds in an exchange instead of storing their crypto in a non-custodial wallet. Newbies should be aware of the saying "NOT YOUR KEYS NOT YOUR COINS".

[tabas]

I'm eager to learn more about cryptocurrency such as  investing, trading, and the technology behind it.

Researching is your friend. When someone tells you to invest in this and that coin, you don't believe them quickly but instead, you'll have to verify what they say or at least make your research and that's why we keep on telling people to DYOR. Because you won't be fooled by doing that and you don't have control over the markets and that's another reason for you to do it. Investing and trading isn't easy, you can do both but most of the people in the community chooses one and that's to be an investor because it's way easier and you don't have much pressure to take but that doesn't spare you from having one.

[Queentoshi]

I'm eager to learn more about cryptocurrency such as  investing, trading, and the technology behind it. I'm looking forward to absorbing informations, asking neccessary questions, and contributing to discussions.Also I will learn to accept my errors or mistakes rather.Please bear with me as I navigate this new space!

There are mistakes you can make in this forum, and mistakes you can make outside the forum, that is while trying to invest in bitcoins.
In the forum, the mistakes I have seen people make the most is plagiarism, and then trying to be someone they are not. That has gotten most newbies and even old members banned.

Outside the forum while you have started investing in bitcoins, you have to be careful not to make the mistake of making yourself available to scammers and cybercriminals through carelessness.

[Smartvirus]

I would have said, having to create this thread but, on the note that you only created this thread a couple of days after your registration, it’s fair to assume you’ve gone through a couple of contents before deciding on putting out this one.

I’ll still reiterate that, you shouldn’t make this mistake of thinking that, creating more and more threads adds value to you or makes you valuable on the forum, nope.
The greatest hood you can do is to yourself and that would come in what you’re able to learn on here before what you can give out. I’m essence, read more and don’t make thread creation your first step towards any confusion.

Also, open yourself to be teachable and be ready to accept other people’s views, even when it doesn’t align with yours.

[2Pizza410000BTC]

"Hello everyone,

I'm Ummsha by name an accomplished newbie to the world of cryptocurrency. I stumbled very well upon BitcoinTalk while researching Bitcoin and i was impressed by the communities knowledge and passion. I'm eager to learn more about cryptocurrency such as  investing, trading, and the technology behind it. I'm looking forward to absorbing informations, asking neccessary questions, and contributing to discussions.Also I will learn to accept my errors or mistakes rather.Please bear with me as I navigate this new space!

Thanks for having me!🙏

There is no end to learning and no age to learn. The more you try to know, the more you learn. Maybe you said here that you are an expert, I don't know if you are already in bitcoin forum. However, if you want to invest and trade in crypto, you need to be experienced enough. You cannot trade and invest with little experience. One of the mistakes you need to avoid especially to stay and grow in Bitcoin forums is don't scamming. If you can avoid the deception in you, you can live well and grow here. No one can get ahead by scamming bitcoin forums

[adultcrypto]

One of the biggest mistake you should avoid as a newbie is quest for get rich quick. This is usually where the problem of most newbies start from because when the desire to be rich overnight overwhelms you, all you will think about are shortcuts to make it come to reality. Some of the possible things you will do include but not limited to investing in shitcoins, going into trading with poor knowledge and information and many others that end up hurting and frustrating you. As a newbie, spend more time learning about bitcoin and if you want to start investing, focus more in bitcoin and try to avoid trading for now.

[reagansimms]

You should read this topic to prevent mistakes while on this forum.
https://bitcointalk.org/index.php?topic=703657.msg7955645#msg7955645

Don't rush into investing without equipping yourself with thorough knowledge about Bitcoin and other crypto assets. Mistakes can be prevented, carelessness will cause great losses. Don't force yourself to do something without knowledge because the consequences will be detrimental to yourself.

Always avoid storing assets in custodial wallets because the risk is very high, recently the Crypto world has been shocked because one of the largest Exchanges in Indonesian was hacked which caused losses of up to $22 million. You need to be careful in Crypto investment, always store assets in non-custodial wallets because you have full control over their funds.

Source: https://x.com/SlowMist_Team/status/1833707952353812782/photo/1

[Ummsha]

You should read this topic.

https://bitcointalk.org/index.php?topic=1689727.0

No plagiarism which is copying someone's work and claiming as if it was yours. Instead you should put the link of where you got the content from. It can lead to ban of your account

Don't use AI to generate your post because we are all humans here and not bot. It can lead to account suspension.

Don't keep your coins in an exchange and only use a self custody wallet that is open source to store your bitcoin. Take your time to navigate round the forum to find the boards that you have interest on.

Thank you for the wonderful advices.🙏

[Zoomic]

"Hello everyone,

I'm Ummsha by name an accomplished newbie to the world of cryptocurrency. I stumbled very well upon BitcoinTalk while researching Bitcoin and i was impressed by the communities knowledge and passion. I'm eager to learn more about cryptocurrency such as  investing, trading, and the technology behind it. I'm looking forward to absorbing informations, asking neccessary questions, and contributing to discussions.Also I will learn to accept my errors or mistakes rather.Please bear with me as I navigate this new space!

Thanks for having me!🙏

As you plan to invest, ensure you understand and prepare for volatility very well because this is another area some investors have issues with. The implication of not understanding bitcoin price volatility is that you will end up being so emotional during every price drop which may prompt you to sell at loss out of fear of losing out on everything.

In bitcoin investment, patience is indeed a virtue. It is very necessary that you understand your investment so you can differentiate between being patient for the right reasons and when you are wasting your time.

Welcome to the forum newbie, here you will learn alot from experienced investors and traders (I.e if you know why you are here). Go through the pinned posts, avoid plagiarism and most importantly avoid negative tags.

[Lucius]

~snip~
3. Don't use Windows
4. Don't use PayPal

If you are already giving advice about the operating system, you should have given an alternative - a beginner will certainly not just understand that you are advising him about Linux or something else. However, in the context of cryptocurrencies, why would Windows OS be such a problem? I've been using the same one for a decade in combination with cryptocurrencies and no one has hacked me or anything like that...

As for PP, maybe you meant buying cryptocurrencies through that service, so although I don't know if that service works globally, I know that it is possible to send cryptocurrencies to a non-custodial wallet. So I don't see a difference in whether someone bought crypto through CEX or PP, maybe there are just differences in fees.

[Solokan]

Hello also op welcome to this forum,,, and of course you are in the right place op yes now of course you can create topics and ask good questions and you can of course learn about crypto and investment here but what is clear is that you have to obey the rules that applies in this forum.

investing and being involved in the world of Crypto is not an easy thing because of course everything contains risks but by joining this forum of course it is the right decision because of course you can learn in this forum and you can see like in the trading discussion thread that you can there. discussing trading and investment, of course you can see threads which contain discussions about investment, but of course what is most widely discussed in this forum is long-term investment in BTC.

but honestly, I am very happy with those of you who have joined this forum and many of our friends here have answered your questions satisfactorily and of course this will definitely be very helpful for you and everyone.

keep learning op because by continuing to learn of course one day you will find success and of course don't give up and if you experience failure try to learn from experience and correct the mistakes you have made.

In my opinion, there are certainly many mistakes that a beginner should avoid, but according to my experience, one of them is that you should not invest in crypto or trade in crypto if you are using money that you are not ready to lose. because investing and trading in crypto carries big risks and the prices are always fluctuating.

[SamReomo]

I'm eager to learn more about cryptocurrency such as  investing, trading, and the technology behind it.

If you want to learn about trading and investing then I suggest you to read posts in speculation board and trading discussion board as those boards have enough material that may help you with your trading and investing journey.

However, if you want to learn in-depth about Bitcoin then you may also visit Bitcoin discussion board where you'll find enough posts to learn about Bitcoin and technology behind it.

[m2017]

"What are the biggest mistakes I should avoid as a newbie"?

There are no main mistakes, but there are many (typical) mistakes that beginners make. Each of these mistakes can harm you and therefore, you should avoid all of them (any of them). To do this, you need to have information, that is, learn and master new knowledge that will allow you to avoid mistakes. There is enough useful information here on the forum. Educate yourself.

[Abu-Naim]

Thank you for the wonderful advices.🙏

It is good to always check the comments been made by other members in your thread, it is really helpful because this forum members are always willing to help by providing possible solutions to your questions and this will help you to ask further questions and interact with others to get the right answers you deserve.

This forum is an important forum for Bitcoin and crypto related discussions, you can get all the guidelines you will need relating to crypto and Bitcoin so as to avoid making mistakes while making transactions and also you will learn how to trade and also how to invest in Bitcoin using suitable methods like DCA.

[terrific]

One of the biggest mistake of a newbie is when you're too gullible believing that someone you think is higher than you and everything they say is right.
So, in investing, you still have a say about that and you need to scrutinize those tips that you'll hear from different people and you don't have to believe them immediately.
You have your own thoughts and you can identify those tips to you if they're good or not. But don't you buy them as soon as you have just heard or read it from anybody.

[Questat]

"Hello everyone,

I'm Ummsha by name an accomplished newbie to the world of cryptocurrency. I stumbled very well upon BitcoinTalk while researching Bitcoin and i was impressed by the communities knowledge and passion. I'm eager to learn more about cryptocurrency such as  investing, trading, and the technology behind it. I'm looking forward to absorbing informations, asking neccessary questions, and contributing to discussions.Also I will learn to accept my errors or mistakes rather.Please bear with me as I navigate this new space!

Thanks for having me!🙏

Know that every newbie has limitless opportunities. But for you to achieve that, one must start with thorough studies and extensive research about investing, trading, or even mining if you wish to, and lastly how to stay significant in the forum and become a reputable member. My only advice is, never jump into something risky that you are not well-prepared. You will only get frustrated in the end and eventually lost all your money and time for just a wrong decision making.