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Top 5 Noob Mistakes in Crypto!!

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Top 5 common mistakes newbies make when entering crypto! 0:19 Number 5... Balls deep! 0:48 Number 4... FOMO 1:24 Number 3... FUD and fake news 1:54 Number 2... Buy the news 2:13 Number 1! Beware of exchanges 👍🏻Subscribe to my YouTube Channel: https://www.youtube.com/c/boxmining 👑Recommended Exchange - Binance: https://goo.gl/joe55C 🔒Hardware Wallet: https://www.ledgerwallet.com/r/428b 📲Mobile Wallet: https://enjinwallet.io/ 💻PC / Mac Wallet : https://www.exodus.io/ ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Telegram groups: Telegram Discussion Group: https://t.me/Boxdatamining Telegram Announcements: https://t.me/boxminingChannel ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ♨️Social: Telegram announcements: https://t.me/boxminingChannel Community Forums: http://forums.boxmining.com Steemit: https://steemit.com/@boxmining Twitter: https://twitter.com/boxmining Facebook: https://www.facebook.com/boxmining ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● 💰Buy Bitcoin Through Coinbase: https://goo.gl/h1bw5v Track ICOs graphically: https://icotracker.org 💪Donations: Bitcoin : 13EvsPm3YhiCPGksQQdvQUFtsbF8FoU6Cz Ethereum: 0x58d98516363D2A5f93CE6aB4A4a909599C3EEC3a Website: http://boxmining.com
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Text Comments (108)
Мария Шейк (2 months ago)
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Crypto King (2 months ago)
Buying coins shilled on YouTube has to be the biggest noob mistake.
Gossip Guy (2 months ago)
How about DYOR :-)
Cryptoworld (2 months ago)
My mistake leaving at exchange
1bizkid (2 months ago)
I went balls deep with a girl once, jut like my cryptos it didn't end well.
JLNC (2 months ago)
Will government bailout bitcoin? Nah, just HODL and buy the dip!
Dan JAHENY (2 months ago)
1. Don't day trade 2. Don't listen to Twitter/Youtube
crypto angel (2 months ago)
Today app is launch
dipesh patel (2 months ago)
Mike Shavo (2 months ago)
David Sopher (2 months ago)
#5 is why ive never lost any of my crypto to hacks(lost a little to scams). Even when i was a user of MtGox prior to their crash years ago.
Get Bitcoins Now (2 months ago)
An important one is - don't try to day trade the market? No one knows where the price will go, yes not even the technical analysts. Don't try to buy low and sell high, i have lost so much money trying to do that. Selling when i think i am at a high, then the price keeps going up and buying coins, then the price tanks. Just make your choices based on research - then HODL the coins for the time you planned to hold them, don't try and beat the market - the market will dismantle you
Andy Raman (2 months ago)
This is awesome Michael... how can someone upload anything other than transactions in the bitcoin blockchain.
Bernard Macarius (2 months ago)
Thanks Michael. Very informative. Like the new graphics. Looks very professional. Never, ever invest money you can not afford to lose completely!
frankalin00 (2 months ago)
I thought you were going to say something about asic miners since you’re standing next to them. Now I realise it’s just eye candy.
D B (2 months ago)
1. Take initial investment out as soon as you hit 2-3x, preferable 3x. Don't tell people how much crypto you have. Only mention % gains or losses, but never tell them specifically how much.
Make Money (2 months ago)
Rosie be like I don't like bad boys lmao lets kee it in between me and you bebe
Morgoer Manger (2 months ago)
I love the short but informative videos, thank you
gary price (2 months ago)
Dont be overly cautious like me, you never end up buying anything because you are constantly waiting for the price to drop
Xiao Hei (2 months ago)
FOMO is the biggest mistake I've made. Second biggest mistake is believing to what a coin sub-Reddit says about their coins price (will always go up to so and so dollars).
Aeon Mouse (2 months ago)
Love me some Boxmining. But I'm balls deep in Decred :). Wait....Vitalek is dead?????? OMG Noooooooooooo. I gotta put this on facebook! lol Thanks Micheal!
Ofir Ofirsen (2 months ago)
You had my like at "balls deep" !
Emcxjo (2 months ago)
Love the format. Go on Michael !
Rebel Guy (2 months ago)
Number 15: foot lettuce
Almond Mitchell (2 months ago)
Be aware of the Bitconnect Gang 😂 No? Oke. Lol
ImPaulsive (2 months ago)
When I started off, I bought like 24 nvidia GPUs, and 6 RX Vega 56. So I have about 6 of GTX 1060 6 gb, 12 of GTX 1070, 2 of GTX 1080, 2 of GTX 1080 ti and when the 1070 ti came out, I bought 2 of that. Of course when I bought GPU's on June to July 2017 for the Nvidia GPU's it was relatively more cheaper than what it is now and when the RX Vega 56 came out, a lot of tweaks needed to be done. My biggest regret or mistakes is actually purchasing all of these GPUs. I would have been in a better position had I simply used what money I would have used to buy these GPUs and simply invested directly into cryptocurrency at the time (Let us say around June to September of 2017 when I purchased of of these). Sure I've gotten my money back and more and I could still sell my GPUs, but I would have profited more had I invested it on bitcoin and alt coins like BNB and Neo just to name a few.
ImPaulsive (2 months ago)
Shoulda, woulda, coulda, I know and I try not to. I'm just sharing my experiences with GPU mining and how it is better to simply invest directly. With the mining difficulty and the insane prices of GPUs, it baffles me that some people are still buying them for 50-100% than the MSRP prices. At least for the time being, some GPU prices are coming down a little, but still way over than MSRP. I'm not a financial adviser, but BNB, NEO and FUN are my main alt coins and believe that BNB and NEO have a moderate to highest return in 2018. Good luck everyone and have a nice day.
Almond Mitchell (2 months ago)
ImPaulsive thanks for sharing that
Costco Pizza (2 months ago)
Man U got a big nose
Jordano Naaldijk (2 months ago)
@Costco Pizza ,want to see you to make a comment
Satoshi Nakamoto (2 months ago)
Can you do a review on NoLimitCoin and their new Fantasy Crypto Game? Would love to hear your opinion on it
Charles Patterson (2 months ago)
Nice buffered feed.
joa joa (2 months ago)
thought at the beginning you'd be talking about the Antminers :)
Sonny Pham (2 months ago)
are those asic miner? where can I buy those used one?
Darren Heard (2 months ago)
Thank you Boxmining. Always giving the real deal.
Karan Raut (2 months ago)
Please do a video on mining for noobs..
glunasti (2 months ago)
love your boobs Michael :*
Kevin (2 months ago)
If you need to leave it on an exchange then divide it up between multiple exchanges
Bernard Camp (2 months ago)
also moving to much between exchanges cost money
Ali N (2 months ago)
Dont Overtrade *
vladimir dzhalov (2 months ago)
What are you doing with these ASICS in front of you ? Not good!
BDowling (2 months ago)
Mistake #1 buying TRX haha
FutureiiisssCryptoworld (2 months ago)
Thanks for the video :)
Erick 2.0 (2 months ago)
We are all Noobs. Still early
Ian RJM (2 months ago)
WTF is it spelled noob when it should be blatantly spelled newb?
Ian RJM (2 months ago)
Xero Wolf OK, I get it: it's in the dictionary, it's the official spelling. I don't have to like it and I'm free to express it.
Xero Wolf (2 months ago)
Ian RJM Wut?? lol It has nothing to do with being correct as both are in fact correct. The fact that you were even point it out as a misspelling means u were not aware of its usage. Thus my comment
Ian RJM (2 months ago)
Xero Wolf dear Mr Wolf. Some people hve also been believing a rhino's horn can cure erectile dysfunction, doesn't mean they are correct, bro!
Xero Wolf (2 months ago)
ppl been using noob for well over a decade. get the times bro lol
ghulam memon (2 months ago)
Ian RJM (2 months ago)
What about if you don't like the video, you love it, where do you press?
Ian RJM (2 months ago)
fall back to steemit I just liked them all, it took me all day. Thanks A LOT! :p
Ian RJM (2 months ago)
fall back to steemit every single one?
J Sims (2 months ago)
Don't send tokens or coins to people who say send .3 Eth and receive 3 eth back or whatever coin it is. These are the most important and should have been in the video. Security is NUMBER 1
J Sims (2 months ago)
Also don't click on links that are posted like crypto crypto posted. Could be phishing or malware. Make sure you type in addressed yourself to websites you want and that they are secure https:
FidelHimself (2 months ago)
I went BALLS DEEP and learned my lesson
W. Roberts (2 months ago)
According to Bix Weir, these "hacked" exchanges aren't. They all operate on pools, same with banks. When there's runs on any coins, there simply isn't enough cash to exchange back, so they start screaming "we got hacked!" But most didn't. They just don't really have the assets backing them. This happened to Coinbase a while back. People were selling off their BTC and Coinbase's USD pool didn't have enough so they claimed "hacked" which is a stall tactic at best. Other's just run with the money. Need regulations, that's all. But also the banks which rarely are. So, as you say, Mike, go dark ...?
Jeremy Ng (2 months ago)
Common mistake, expecting high price growth over 300% in 30 days.
mentugo (2 months ago)
One thing you missed: Listen to youtube crypto shills and get rekt! ;)
J8nkies (2 months ago)
Dont forget to check out the laws regarding the IRS within your state. Really important.
Crypto Crypto (2 months ago)
Hey guys, a new website with cloud-mining appeared As a gift you will receive 2000Doge which you can transfer to your balance🚀🚀🚀🚀
Voodo People (2 months ago)
I'm too)
Mr GGIVI (2 months ago)
Grixy Grixi (2 months ago)
I already used this service, a good site
Crypto Crypto (2 months ago)
Chris N (2 months ago)
I’ve been smoked by these mistakes LOL. I think they are necessary though.
Ben Dirk (2 months ago)
I agree with not leaving your assets on exchanges but I would say that if you have a small amount of many different coins then you are paying a large portion of your assets in fees. I think most Binance withdrawal fees are around $10 USD. So if you had $100 worth of a coin, you would be giving away 10% of your holdings and if that coin did a 10x down the road, you basically paid them $100 to withdraw a very small amount of coins... Just some food for thought 🤔
Bernard Camp (2 months ago)
You are right, fees are to expensive. either you leave your money on the exchanges or you pay fees
richie17420 (2 months ago)
He said balls deep lol
Tress Dupres (2 months ago)
Thanks that was overdue. So many times people are over whelmed there needs to be a shitload of these by you and the more reputable folks on here that noobs can use to develop good habits. It won’t seem so monumental a task coming into crypto with that guidance. Well needed vid. No longer a noob but man I learned fast.
Ali (2 months ago)
Don't go balls deep! LMAO :))
john doe (2 months ago)
Well...not in crypto at least...
DazzFire (2 months ago)
Ali (2 months ago)
I went ballz deep into TenX in the past cuz I just love Julian :)) But I think TenX actually went balllz deep in me lol
Mark Lindley (2 months ago)
The whole system is command and control , the collapse in 2008, The Edward Snowden revelations show that they dont give a damn about nothing but there control. Only a revolution will change it.
Ivan Pleva (2 months ago)
Thanks Mike for another great video! I like the time & title feature in the video description for easier navigation.
Frank Bixler (2 months ago)
I'd say don't buy into a coin when it first debuts on an exchange. The price is likely waaaaayyyy too inflated and will come crashing down in a few days. Patience pays off, always buy the dip.
D B (2 months ago)
wanhain bots are desperately trying to hold the price above $4. every-time it gets close to H $3 handle, a B.S <20 wan trade bumps it up . 10 to .15 cents.
MrDemonB (2 months ago)
David (2 months ago)
Frank Bixler STORM is a great example of that
Douglas Taylor (2 months ago)
Just buy Bitcoin. 99% of the others are scams or are unregistered sucurities.
Jackie Chan (2 months ago)
How can we trade crypto without keeping btc in exchanges ?
Canabee Extrimo (2 months ago)
I did 2 of your points and certainly I am not a noob in Crypto. I went all-in and believed in a project since their ICO. I have however a conviction and Im proud of it.
MACE (2 months ago)
Welcome noobs!! Wellcome to the market which stupid people consider themselves geniuses and will get burnt. study hard, don't be one of them.
MegaDoktoren (2 months ago)
Nooo pls dont! I need to make some more money before that happen! :-P
Tress Dupres (2 months ago)
MACE kinda a noob and I gotta say this was awesome. I have played the markets..stocks.. so I did have some fundamental habits in place.. but this here is like a Wild West arena for sure. I read not just white papers but the comments, the boards opinions and look into the bad stuff and the good. My goal was to slowly build a portfolio and that is not easy. I realized here you simply can’t go by what people say even more so because the burn means you lose. I made two noob mistakes got burned twice thank the stars it was not expensive and I never looked back. Noobs have to understand Btc at 19k that’s done ..just get into fundamentals and research projects for your self too many red flags usually means stay away. Loved your comment.
Michael Morrison (2 months ago)
Dan Salvato (Indie developer of Doki Doki Literature club) posted a youtube video about hacking crypto wallets client side. I tried to tag you on the post on twitter and I'm interested in your thoughts on it.
Team Malunggay (2 months ago)
Balls deep. Only Brendan schaub was the first one I heard that from. U a fan?
shAiQ (2 months ago)
Another Noob Mistake : Buying At ATH.
Get Bitcoins Now (2 months ago)
The problem is, most new people enter the market during a bull run. That is when the news are broadcasting Crypto, everyone boasting about their returns. That is when i first learned about Crypto - and obviously, that is when most new people will buy in. Its just how it happens - then the correction comes, but i am glad that after the correction the market shoots up again
D B (2 months ago)
Yup. FOMO always tricks the mind into thinking a coin/token will never dip. Always remember. A 60% correction is always around the corner. July will be another 60% correction.
youtube warrior (2 months ago)
I just bought trinity this morning @12cents. I hope its not the ATH lol
Bang Olufsen (2 months ago)
some people bought at ath because the trend was going up unstoppablly and looked like as it would never look back again so they FOMOED. december was a good example. i was totally new to crypto. i guess i was lucky. at the time i thought you had to buy at least an entire bitcoin which was impossible for me to afford. i probably would have bought ath too spending a couple of thousand usd if i knew i could buy as little as 1/1000 bitcoin
shAiQ (2 months ago)
bitcoin 24/7 news always don't drive up the price,
James Peterson (2 months ago)
I’ve made all these mistakes 😂
wolvesatnight (2 months ago)
I did the FOMO follower when started. Thinking I was going to miss the change. Luckily it was just 50us what I invested. But still, it is the reddish coin on my portfolio. By the way, great video format! It suits you to show yourself standing up since you are tall, mate! Thanks for this short good videos.
Daniel Dykes (2 months ago)
would appreciate a video on bezop. keep up the good work
Rajesh Kushwaha (2 months ago)
Vitalik had died many times but had been resurrected also.
Juraj Gondek (2 months ago)
Love this vid
TARUN GRADE (2 months ago)
Mistake buy high sell low
Bitcoin Baller! (2 months ago)
I'm tired of going "balls deep." It bores me......
Stijn de Haan (2 months ago)
mivec gpx (2 months ago)
Stijn de Haan u want a medal? retard
Josiah Fam (2 months ago)
Fuadiansyah Samsuri (2 months ago)
Hey heeeeey. Bitconneeeeeecct!

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