Bitcoin is powerful — but so is making a mistake
Bitcoin gives you financial freedom, but freedom without knowledge can be risky.
Avoiding common beginner mistakes can save you from costly lessons.
Let’s go over 5 big ones — and how to prevent them:
❌ 1. Buying without understanding
Don’t jump in just because your friends are doing it or because you saw it trending online.
✅ Take time to learn first. Confidence comes from knowledge.
❌ 2. Sending Bitcoin to the wrong address
There are no “undo” buttons in Bitcoin.
Once you send it, it’s gone — even if the address was wrong.
✅ Always double-check the first and last 4 characters before sending.
❌ 3. Losing your seed phrase
Your recovery phrase is your key to everything.
If you lose it, no one can recover your funds — not even the wallet company.
✅ Write it on paper and store it offline in a safe place.
❌ 4. Using the wrong wallet for the job
Hot wallets like Strike are great for beginners and small amounts.
But they’re not ideal for long-term savings.
✅ Use a cold wallet like Ledger or Trezor to store large amounts safely.
❌ 5. Making emotional decisions based on price swings
Bitcoin is volatile — and that can trigger fear or FOMO (fear of missing out).
Emotions and money don’t mix well.
✅ Stick to your plan and focus on the long-term.
Key takeaway
✅ Most Bitcoin mistakes are completely avoidable
✅ All it takes is:
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A little focus
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Patience
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Solid habits
Think of it like learning to drive: it’s intimidating at first, but second nature over time.
Coming up tomorrow (Day 12)
We’ll explore how Bitcoin blocks work and how miners keep the entire network secure and decentralized.
