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Top 50 Common Mistakes Newbies Make That Should Be Avoided! If you're a beginner, you're probably eager to trade. I understand, really. But don't rush things. Take some time to create a basic Bitcoin trading strategy and educate yourself. Do you understand the basics of blockchain technology and Bitcoin? Do you understand what circulating vs. total supply means? Do you know what inflation is? Do you understand exchanges, wallets, private keys, and public keys?If you can't answer these basic questions, you're going to be in problems quickly.
Take some time to prepare yourself; it is critical.