{"id":3691,"date":"2019-11-24T13:12:19","date_gmt":"2019-11-24T13:12:19","guid":{"rendered":"https:\/\/atozcrypto.org\/?p=3691"},"modified":"2019-11-24T13:19:14","modified_gmt":"2019-11-24T13:19:14","slug":"how-to-avoid-these-common-bitcoin-mistakes","status":"publish","type":"post","link":"https:\/\/atozcrypto.org\/how-to-avoid-these-common-bitcoin-mistakes\/","title":{"rendered":"How to Avoid These Common Bitcoin Mistakes"},"content":{"rendered":"\n

Over the past few decades, our lives have\nbeen transformed by the Internet. We now socialize online, get our news online,\nmanage our money and buy everything we need online. Thanks to technology we no longer\nhave to bother with the tedious tasks of remembering and thinking.\nUnfortunately, this could lead to financial ruin when it comes to investing in\nbitcoin and blockchain technology. Here is a list of the most common Bitcoin\nmistakes and how you can avoid them. <\/p>\n\n\n\n

Not\nSlowing Down<\/strong><\/p>\n\n\n\n

So many of us are used to sending and spending money online these days that we hardly think when we hand over our credit card to settle expenses. While this is fine when you are dealing with a credit card transaction that can be easily reversed, it’s not the case with Bitcoin. One of bitcoins features that make it unique is the fact that transactions are irreversible. This means that no matter how much you beg, once you send Bitcoin, it is never coming back. This is why you have to be extremely mindful every time you send or spend bitcoin.<\/p>\n\n\n\n

\"\"<\/figure><\/div>\n\n\n\n

Not\nBeing Educated <\/strong><\/p>\n\n\n\n

Bitcoin and cryptocurrency are extremely\nhot right now. The problem with this is that the majority of the population\ndoesn’t fully understand cryptocurrency and the blockchain. One of the worst\nthings that you can do when investing in Bitcoin is allowed your strategy to be\nguided by the media hype or by a fear of missing out. It will be far better if\nyou take the time to educate yourself with at least the basics of bitcoin,\nblockchain, and cryptocurrency. <\/p>\n\n\n\n

Panicking<\/strong><\/p>\n\n\n\n

As far as currencies go, cryptocurrency is\na baby, and it still hasn\u2019t found its footing. You have to be prepared for this\nvolatility before you even think about entering the market. If you don\u2019t then\nyou will surely panic and buy when it\u2019s high and then panic sell when it\u2019s low\nand going down. Take the time to plan a long-term strategy rather than focusing\non the daily changes in price. <\/p>\n\n\n\n

Placing\nAll Your Coins in One Basket<\/strong><\/p>\n\n\n\n

One of the most common mistakes made with\nbuying, selling, and trading bitcoins is putting all your coins in one basket.\nIf you are planning on investing heavily in bitcoin, you want to spread the\ncoins out between several, adequately secured wallets. This way if one wallet\ngets hacked or lost, or you forget your password, you won’t lose all your\nbitcoins.<\/p>\n\n\n\n

History has a habit of repeating itself, but if you keep these common pitfalls in mind when you start investing in cryptocurrency, you\u2019ll be well ahead of the rest of the pack. \u00a0<\/strong><\/p>\n\n\n\n

By BYATEK.COM<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Over the past few decades, our lives have been transformed by the Internet. We now socialize online, get our news online, manage our money and buy everything we need online. Thanks to technology we no longer have to bother with the tedious tasks of remembering and thinking. Unfortunately, this could lead to financial ruin when …<\/p>\n","protected":false},"author":1,"featured_media":3696,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pgc_meta":"","_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[61],"tags":[],"aioseo_notices":[],"yoast_head":"\nHow to Avoid These Common Bitcoin Mistakes - AtoZcrypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/atozcrypto.org\/how-to-avoid-these-common-bitcoin-mistakes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Avoid These Common Bitcoin Mistakes - AtoZcrypto\" \/>\n<meta property=\"og:description\" content=\"Over the past few decades, our lives have been transformed by the Internet. 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