Bitcoin veteran James Howells shared guidance for newcomers veterans skeptics.
Howells lost eight thousand Bitcoin after discarding a hard drive.
He said the loss never defined his long term outlook.
Newcomers should study blockchain fundamentals before buying any cryptocurrency assets.
Understanding decentralisation matters more than chasing speculative price movements alone.
He urged experimenting cautiously without risking meaningful personal capital initially.
Small mistakes teach valuable lessons while large losses discourage adoption.
Howells warned newcomers to avoid leverage trading entirely due risks.
He said inexperienced traders often become liquidity for professionals there.
Veterans were urged to test wallet backups regularly for safety.
He stressed recovery failures often appear during emergencies unexpectedly later.
Outdated software formats can permanently lock users from funds access.
Howells encouraged decentralised payment use within everyday economic activity globally.
Veterans should mentor newcomers beyond technical analysis charts and theory.
Profits should be reinvested into services infrastructure and real adoption.