What small Bitcoin mistakes did you underestimate in the beginning of your journ

[SuperBitMan]

Joining free telegram channels? It will be better to search for paid channels and see if you can make some bucks, but free channels are no-go. They will gather you all, share a few signals and then test their pump and dump system on you guys. I don't know if that shit still exists now. It dealt with my friend badly.

Joining a telegram channel or any group on social media in order to help you with prediction on trading is one big mistake anyone who is a beginner in trading shouldn’t do, some of those telegram channels and groups in social media platforms before you can be allowed to join you will be told to pay some amount of money and when you pay they will give you predictions that are sometimes correct and sometimes incorrect but believe me most of their predictions are usually wrong and you will continue losing money and they will be encouraging you to continue and if you’re not careful, you will lose huge amount of money at the end of the day so don’t ever take such part as a new beginner in trading.
Those people are only concerned about the fee you pay them in order to join the telegram channel or social media group.

[RockBell]

The mistake of most people is to trade bitcoins in the early stages that are only a few dollars to hundreds of dollars, including me, a lot of bitcoins from gifts and others that I got but sold them just because of momentary gains to buy something in the past.
 
Today one bitcoin is enough to buy a luxury house, or a mid-level vehicle.

Stop thinking about mistakes, learn from them, and collect more bitcoins for your old age.

I also made the same mistake selling my Bitcoin at the early stage of my journey. I was listening to some quack influencers who were inexperienced about Bitcoin. Sometimes they generate FUD, which made me dump my coin early. Another mistake was to use exchanges that were strict about KYC. I ended up giving out some information I wouldnt have made public. I would have chose exchnages with less stringent KYC rules if I had more undestanding of the crypto space.  

This is one common mistakes that people make when it comes to Bitcoin they want to invest but always selling at a very early stage and thisnis why if anyone knows that they will not be able to hold for a long time then they should not even bother investing because even if the price is down they are always ending up selling, they need to be given orientation about this things and we know that it is always difficult to hold especially when holding for a long time. And before you start it should be known that the market is volatile and anything can happen in this sense, and also the issue of kyc is not as encouraging because it is not easy put your data out there then were is the privacy then.

[AYOBA]

Hello everyone, okay so I’ve been going through posts here and yeah, I keep seeing so many warnings like scams, protecting seed phrases, all those basic things which I’ve taken note of. But though, it still seems like some of those mistakes become obvious with time once you stay in this space long enough.

Nobody is above mistakes and mistakes can comes at any-times especially in the cryptocurrency and that’s why anyone who want to introduce himself into a crypto first things to know is the basics know of how the cryptocurrency works before any others things. Because that’s the main mistakes that some people make which is why they don’t achieve anything in cryptocurrency.

This is one common mistakes that people make when it comes to Bitcoin they want to invest but always selling at a very early stage and thisnis why if anyone knows that they will not be able to hold for a long time then they should not even bother investing because even if the price is down they are always ending up selling, they need to be given orientation about this things and we know that it is always difficult to hold especially when holding for a long time. And before you start it should be known that the market is volatile and anything can happen in this sense, and also the issue of kyc is not as encouraging because it is not easy put your data out there then were is the privacy then.

You see those that have interest to invest in Bitcoin, but sell it very  early they didn’t invest with the amount of
Mk money that they can able to afford and that’s why if they see bitcoin price going down they will be all frustrated; their mind will never settle because the money they invest in not their own personal or they take a loans from organization to invest.

[Abu-Naim]

Hello everyone, okay so I’ve been going through posts here and yeah, I keep seeing so many warnings like scams, protecting seed phrases, all those basic things which I’ve taken note of. But though, it still seems like some of those mistakes become obvious with time once you stay in this space long enough.

What I’m even more curious about are those lowkey mistakes… the ones that don’t look harmful at first. Sometimes they even seem like they’re working or making you money, but slowly they build up and later become a real problem, because I’ve heard people said that mistakes like those exist in Bitcoin.

People making lowkey mistakes when they stay long in the space doesn’t mean you will also do the same; some of their mistakes has reasons which might have been the cause because if you are staying long and keep making mistakes, then you are not learning at all, and crypto needs consistency, and you also avoid greed because that’s what makes everything looks like a mistake but it’s not a mistake, most of us sees it as an opportunity to make it overnight so we tends to fall for it in the name of risk.

If you can abide by the rule of decentralization, not falling for offers that are too good to be true, and focus only in investing in Bitcoin and nothing more, you will not regret not make any mistake in crypto except if you didn’t keep your seed phrase safe.

[Hazink]

Storing my BTC in exchanges where private keys are inaccessible.

Use it or loose it.

And when the exchange gets hacked, you lose your money and have no means of recovering it, or when the exchange goes bankrupt, you also lose your money or the exchange can decide to freeze your coin and ask you to provide the impossible just to get it unlock, well it's just a choice, but it's not that hard for you to be your or boss and secure your own wallet.

[Porfirii]

In my case, I think it was the lack of a proper coin control. In the beginning, one normally starts accumulating sats from different things (not to talk about having a so called diversified crypto portfolio) and, if you are really tidy, you'll end losing the track of which coins went from where, and accumulating coins from different sources in the same wallet. Then you learn that this can have an impact not only if one day you decide to track your transactions, but also in your privacy, especially since blockchain analytics improved enough.

It is hard to tell or explain a newbie how to properly control his coins, but the sooner you learn, the better for you.

[snowpega]

Hello everyone, okay so I’ve been going through posts here and yeah, I keep seeing so many warnings like scams, protecting seed phrases, all those basic things which I’ve taken note of. But though, it still seems like some of those mistakes become obvious with time once you stay in this space long enough.

What I’m even more curious about are those lowkey mistakes… the ones that don’t look harmful at first. Sometimes they even seem like they’re working or making you money, but slowly they build up and later become a real problem, because I’ve heard people said that mistakes like those exist in Bitcoin.

Like maybe habits or decisions you didn’t think twice about early on, but looking back now, you realize you should have done it differently.
I just want to hear real experiences from people that have been in this space for a while, that’s the reason I’m here in the first place.

Well, mate, this is crypto space, and sometimes things happen here even if you didn't make any mistake. Well, from the day 1, I have not made any such mistake like sharing the seed phrase with anyone or any other mistake like that, but in recent days, I was facing a problem on my mobile phone that my mobile phone was getting an unknown notification of being attacked by a Trojan or malicious app.

That really surprised me, as I have not downloaded any third-party app on my mobile phone, and I also have not clicked on any unknown and unusual link that could be a phishing link, but still getting such an attack on my mobile phone is something really surprising. So, that is why it is always better to keep 2FA turned on on wallets and exchanges if you are holding major funds in your mobile phone, which mostly stays connected to the internet.

[Patikno]

Like maybe habits or decisions you didn’t think twice about early on, but looking back now, you realize you should have done it differently.
I just want to hear real experiences from people that have been in this space for a while, that’s the reason I’m here in the first place.

There are many small mistakes I have realized.

First, I didn't realize the importance of investing in Bitcoin when I first learned about it, and I should have realized not to underestimate the importance of investing in Bitcoin, even if it is only a small amount (as much as I could afford). My most recent regret was not buying Bitcoin around $20,000; I should have done everything I could to make it happen. Second, I shouldn't have tried to "time the market" when I had what I felt was a substantial amount of money to invest in Bitcoin, and I should have realized the importance of holding it long-term, instead of trying to profit by trading. Third, be consistent in being a true Bitcoin holder. I have never heard of anyone losing money while holding Bitcoin long-term. Even if someone bought Bitcoin at its peak price around 2021, if they had held it until now, they would still have made a profit. This is even more so, if they had already profited at its peak price last year.

Well, those are some small mistakes I feel need to be aware of, and I suspect many also feel the same regret (or annoyance) as I did. All of these are important lessons for the future, and for those who have understood and avoided these mistakes, I am sure you will be fortunate in the future. In essence, be a true Bitcoin holder. "Holder is Winner."

[Awaklara]

What I’m even more curious about are those lowkey mistakes… the ones that don’t look harmful at first.

Beginner mistakes in general, not specific to Bitcoin. But more about seeing how trading is easy to do and making a profit from trading as simple as buying low and selling high. After trying it, it turned out not to be that simple. 
Besides that, what happened in the beginning related to buying Bitcoin, and what I did for quite a long time was just keeping it on the exchange. Something that is definitely wrong for those who plan to hold Bitcoin long-term.

[Marykeller]

I started by not writing out the seed phrase of my crypto wallet on paper first before beginning to have my Bitcoin and other altcoins stored on my crypto wallet.

Many newbies are guilty of the act of not writing their seed phrase out; they don't know how important it is. They thinks as they have it(seed phrase) in their phone, they can access it at any time, without thinking that the situation of their phone being lost or formatted, they simply lose access to their Bitcoin and altcoins accumulation.

I once experienced what I explained above in the early days of my crypto journey, and it was the horrible mistake I made as a newbie. Still getting to find out, most newbies still make the same mistakes to date

[Daniel91]

Like maybe habits or decisions you didn’t think twice about early on, but looking back now, you realize you should have done it differently.
I just want to hear real experiences from people that have been in this space for a while, that’s the reason I’m here in the first place.

There are many small mistakes I have realized.

First, I didn't realize the importance of investing in Bitcoin when I first learned about it, and I should have realized not to underestimate the importance of investing in Bitcoin, even if it is only a small amount (as much as I could afford). My most recent regret was not buying Bitcoin around $20,000; I should have done everything I could to make it happen. Second, I shouldn't have tried to "time the market" when I had what I felt was a substantial amount of money to invest in Bitcoin, and I should have realized the importance of holding it long-term, instead of trying to profit by trading. Third, be consistent in being a true Bitcoin holder. I have never heard of anyone losing money while holding Bitcoin long-term. Even if someone bought Bitcoin at its peak price around 2021, if they had held it until now, they would still have made a profit. This is even more so, if they had already profited at its peak price last year.

Well, those are some small mistakes I feel need to be aware of, and I suspect many also feel the same regret (or annoyance) as I did. All of these are important lessons for the future, and for those who have understood and avoided these mistakes, I am sure you will be fortunate in the future. In essence, be a true Bitcoin holder. "Holder is Winner."

You are not the only one with that mistake.
If you were to ask the forum members, who have been here since the very beginning, what they did with the bitcoin they bought for very little money, $5, $50 or $500, most would probably tell you that they sold it a long time ago or traded with those funds.
Simply, in the beginning, very few people really thought or believed that one day, in the distant future, in 17 years, btc could reach such high values ​​of over $120,000 at one point.
Most of us have no financial experience, no experience trading on the stock exchanges and we were simply not prepared and made the best possible financial decisions.
If I had simply held all the btc I had 12-13 years ago, I would no longer have to work, but all of that is a life lesson and we all learn.

[BlackBoss_]

Beginner mistakes in general, not specific to Bitcoin. But more about seeing how trading is easy to do and making a profit from trading as simple as buying low and selling high. After trying it, it turned out not to be that simple. 
Besides that, what happened in the beginning related to buying Bitcoin, and what I did for quite a long time was just keeping it on the exchange. Something that is definitely wrong for those who plan to hold Bitcoin long-term.

Newbies like quick rich things and they are fooled by many courses, news, posts on social media about opportunities for getting rich quickly with Bitcoin. It's how they are mainly exposed and taught about Bitcoin but newbies who do trading also did not do their own jobs well. They did not do any research or did not do enough research on risk of trading in Bitcoin market especially with leverages.

If they actually do enough research about trading, they would know it is very risky, then they will naturally find other ways for getting profit, and they will find investment. With Bitcoin market history, if anyone can invest in Bitcoin, are able to store their bitcoins safely and hold their coins a long time, they will gain very good investment profit.

[Tungbulu]

For me I think I’ll say investing in shitcoins.
Although I knew about Bitcoin long before I entered the crypto space, but it was quite expensive then and it kinda made me feel skeptical about investing in it as I thought that I’ll never get anything meaningful from it at that point. I was naive back then and made the mistake of investing in shitcoins that made several promises, I literally thought some of it back then were literally the next bitcoin, so I kinda went for them with hopes of becoming a millionaire in the next few years, hahaha biggest joke of my life and I couldn’t even laugh. I lost a lot of money investing in shitcoins, was left holding the damn bag several times before I finally realized there was no other way but Bitcoin.

[AVE5]

Joining free telegram channels? It will be better to search for paid channels and see if you can make some bucks, but free channels are no-go. They will gather you all, share a few signals and then test their pump and dump system on you guys. I don't know if that shit still exists now. It dealt with my friend badly.

Joining a telegram channel or any group on social media in order to help you with prediction on trading is one big mistake anyone who is a beginner in trading shouldn’t do, some of those telegram channels and groups in social media platforms before you can be allowed to join you will be told to pay some amount of money and when you pay they will give you predictions that are sometimes correct and sometimes incorrect but believe me most of their predictions are usually wrong and you will continue losing money and they will be encouraging you to continue and if you’re not careful, you will lose huge amount of money at the end of the day so don’t ever take such part as a new beginner in trading.
Those people are only concerned about the fee you pay them in order to join the telegram channel or social media group.

Zoomic I agree with all your points but I think you should be recalled that those scammers are also fast thinkers who had also get to figure out that most people have become aware that free offers that sounds like a life changing has become an event to do proper research before assigning or accepting it.
In similar experience of any channel or platforms claiming to give you reliable trading strategies or even in the prediction market, you don't have to be so convinced that because you're asked to pay a subscription fees then makes the platform reliable.
They including the free channels that looks so cheap are the same class of risk because non of their predictions and strategies you can trust 100℅ just as when you don't trust your own.
I prefer recommending beginners to learn trading properly first before trading and have trading group which may be your offline friend's if possible, sharing trading ideal with friends with those you rate credit according to experience than joining online groups.

[uchegod-21]

I think the mistake i did before is using bitcoin to by anything few years ago since, i have extra money i have accumulated a lot of bitcoin, sadly, i did not keep it, i always play btc xrp before in a exchange selling buying, until my bitcoin is gone.

I understand your regret, it was not that you were doing impulse spending with your BTC because you never had fiat or other coins, just that you didn't know the value of bitcoin and you kept spending it, while keeping some of your savings in the bank lol. So sorry, it's painful. It would have been fair if you had no money then, we will assume that you were struggling to survive. But you had money but was ignorantly spending your BTC.

For me I think I’ll say investing in shitcoins.
Although I knew about Bitcoin long before I entered the crypto space, but it was quite expensive then and it kinda made me feel skeptical about investing in it as I thought that I’ll never get anything meaningful from it at that point. I was naive back then and made the mistake of investing in shitcoins that made several promises, I literally thought some of it back then were literally the next bitcoin, so I kinda went for them with hopes of becoming a millionaire in the next few years, hahaha biggest joke of my life and I couldn’t even laugh. I lost a lot of money investing in shitcoins, was left holding the damn bag several times before I finally realized there was no other way but Bitcoin.

I met bitcoin at $8k, Ether at $200 and BNB at $8 or $25. But instead of buying BTC, someone that introduced me to the crypto world told me that BTC is so expensive, that I should buy coins that could turn me millionaire and that was why I ended with shitcoins then and all disappeared. This made me develop hatred for shitcoins

[JiiBs]

I also made the same mistake selling my Bitcoin at the early stage of my journey. I was listening to some quack influencers who were inexperienced about Bitcoin. Sometimes they generate FUD, which made me dump my coin early.

It wasn’t really a mistake for me, given that is still sell some of my portfolio from time to time, just to meet up on some ends when the need does arise but, I can’t say is an action I’m very comfortable with, given how much value I attached to Bitcoin and yet still sell.

It’s rather annoying that it happens but in most cases, it’s a necessity and in my earliest days, I did sell more than necessary but now, I do know better not to venture in the same path as, the loss on these sells erodes your goals bit by bit.

[Peanutswar]

Hello everyone, okay so I’ve been going through posts here and yeah, I keep seeing so many warnings like scams, protecting seed phrases, all those basic things which I’ve taken note of. But though, it still seems like some of those mistakes become obvious with time once you stay in this space long enough.

These are considered mistakes because once you have experienced on your own possible you will not act based on what you said.

What I’m even more curious about are those lowkey mistakes… the ones that don’t look harmful at first. Sometimes they even seem like they’re working or making you money, but slowly they build up and later become a real problem, because I’ve heard people said that mistakes like those exist in Bitcoin.

One of the mistakes I've made before is not having a hardware wallet because I dont have a budget yet before and for me having a hardware wallet is like an additional expense, but no, tons of hackers keep trying to steal your information, send you phishing emails, text, and even calls so once your wallet is connected to the internet its vulnerable. There is a risk. So for me this is a big problem in the future once you are now hodling a large amount of money so I do not recommend storing large sum in a hot wallet.

[Merit.s]

I think starting my journey in the cryptospace with trading is the only mistake that I made in the beginning and I will also advise all newbies not to start with trading because it's too risky and losses are inevitable. Imagine a newbie trading when he does not even understand how trading works. I was gambling in the beginning thinking that I was trading.

Investing in shitcoins is another big mistake for newbies who think that bitcoin price is already expensive for them to buy. Only buy and hodli bitcoin for the future and don't chase short term profit.

[Pablo-wood]

My mistake was connecting my wallet to a third-party phishing link. I got a warning alert no doubt but my greed enveloped my reasoning and I ended up losing some coin. I was upset about the outcome but still glad it happened so I could learn  to be extra careful when dealing with online links. It made me wiser and more careful with my wallets and I also came to understand that while cryptographic security is strong it doesn't protect against human error. Pointing to me how important staying vigilant is while relying on technology.

[DYOR+BTC]

The bitcoin i know is a place i see as an opportunity centre where life changing activities are practices  but only restricted to experienced people that can control and manage opportunities when they see one but because I was carried away by the benefit I think is associated to trading i got involved without knowing it is a game for the high experienced traders. On getting involved in trading when I have no good knowledge about it, that was how I personally created a vacuum that brought me down to zero when I was already counting 8. After seeing it i have come to realise that it is a game that requires good knowledge and not just because others are involved.