Post
Topic
Board Economics
Re: Five common mistakes made by Bitcoin users
by
Funeral Wreaths
on 03/09/2017, 10:35:24 UTC
1. Do not remember electronic wallet password
2. Do not back up your wallet
3. Do not research new services
4. Buy and sell based on feelings
5. Leave your money in the electronic money floor
6. Waste time on faucets (we all did)
7. Collect dust and pay high fees on it
8. Leave coins in an exchange
9. Trust the wrong people and get scammed
10. Panic at a price correction

I laughed on the number 6 because it's trully right. Almost people that still new about bitcoin always feel that number 6 and even do it full time in 1 week. I also have one, people that still new about bitcoin always think they can earn bitcoin easily but in reality it's not easy as you think and you need to work or do something to earn bitcoin.
Do you remember when faucets sent 6000 Satoshi minimum? In a few clicks in a few hours you reached a payout. With high fees anything less than 100000 Satoshi is not worth anything, and with high bitcoin price faucets pay a few Satoshi per click. Now you need a month to get your first payout.
funny but that was also what i did before specially number six. well after i did learn somethings here in the forum, i just did also my own research so further more i have no worries and i didn't encounter so much troubles in terms of investments and trading like most of the people did. i also learned so much from my friends that was being scammed before that is why i never did what they did before.