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Author Topic: What is the biggest mistake new Bitcoin users make?  (Read 1050 times)
Anayochukwu
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Today at 09:08:49 PM
 #141

Everyone makes mistake especially newbies and the best thing to do is to learn from it and move on, one of the biggest mistakes that newbies make about Bitcoin investments is believing that they would start getting profit almost immediately after investing and it becomes a problem when it doesn't happen as they expected. One mistake I wish I had avoided is not trusting Bitcoin enough to always deliver considering its history and how it has made true investors proud over the years but now I know better, newbies should always go through the history of Bitcoin and see that fear will only lead them to make the wrong decision.

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bhadz
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Today at 09:33:21 PM
 #142

One mistake new BTC holders make is being impatient in holding BTC for the long term and forgetting about emergency funds and reserve funds.
Everyone will only realize that long-term holding is the best choice when they have made the mistake of either selling early or not buying at all. That gives them the thought that if they have bought earlier than the others and still holds it, this gives them the edge to profit more than the others who have been speculating for so long and yet they don't do anything at all. But then, it only shows them that both of these people are just the same when they're not applying it to themselves. It also leads to waiting longer before taking action even if the opportunity is showing them that it's one of the right time to buy. For example, a couple of months or weeks ago before this surge recently.


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Today at 10:15:57 PM
 #143

I'm curious to hear from people who have been around Bitcoin for a while.
What do you think is the biggest mistake new Bitcoin users make, and what would you tell someone to do differently❓

It could be about security, self-custody, buying Bitcoin, scams, fees, or simply misunderstanding how Bitcoin works. What’s one mistake you made yourself when you were new that you wish you had avoided❓

I think hearing real experiences would be more useful than just reading general advice.
I think the common mistake that do the every beginner investor specially  from FOMO , because in most the cases it is actually seen that the people are coming to this space from the positive market , I mean when market goes on the bullish .

Even in my case I make the first mistake from the FOMO,  and as well again after a time I also do the mistakes with the fud like I had a good fund for investment but I didn't make any investments and also now regretting on for missing the opportunity.

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