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Topic: Bitcoin price hit a new ATH again at $107,500+ and I am happy to see my friend h (Read 556 times)

sr. member
Activity: 602
Merit: 317
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During the Bitcoin pumping you explained Bitcoin to your two friends and they may have agreed to invest after hearing the explanation of Bitcoin. If they had invested $90,000, then when Bitcoin reached $108,000, they made a lot of profit and they were very happy. But now that the price of Bitcoin is slightly dumping, your friends' investment has lost a lot of profit. Maybe your friends are not very happy with the current market, but you need to explain to them about the volatility of the Bitcoin market.

If your two friends can accept the volatility of Bitcoin and hold on for the long term, they will definitely be happier in a few years because we can see the price of Bitcoin at a much higher level very soon. I always wish your friends success in their investments and finally I would like to say that to keep their Bitcoin investment safe, they must tell their wallet seed to be safe.
hero member
Activity: 1064
Merit: 500
I could shit my pants if my friend invested $90,000 on Bitcoin, let's say that Bitcoin already made its top at $107,000 and later we start going down how will your friends feel if they failed to secure that 17% gain thinking it is still a small gain, your topic look more like a promised one and you claimed they understand? Only time will tell.

I hope that Bitcoin will go a bit higher before it gassed out, but don't ever give promise when advising people about investments, because as good as Bitcoin is nothing is still guaranteed, tell them about the bad side of investing.

Price actions is what makes people feel good or bad, entry points and profit taking is very crucial, many people will get rekt in the near future.
member
Activity: 873
Merit: 22
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I think bitcoin live in hes own "universe" hes lifetime not depend from supply or demand, price maybe up , down, but will be new highs after...
legendary
Activity: 1778
Merit: 1474
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Bitcoin is a very volatile process. No one can accurately say whether the price it is going to be at today will be the same price tomorrow. No matter how close a friend I am at work, I don't tell anyone to invest in Bitcoin. If the price they bought it at today drops tomorrow, they will think I cheated them. I cheated them out of their money. In that case, I will fail to convince them that if they hold it for a long time, its price will increase much, much more.

Bitcoin price is experiencing a noticeable decline in its performance as the end of 2024 approaches, after it had been in a continuous recovery since early last November.

Factors contributing to Bitcoin’s current decline are mounting, including expectations of a slowdown in the pace of interest rate cuts by the US Federal Reserve in 2025. This slowdown has had a significant impact on the cryptocurrency market, as it has dampened speculation that had been sparked by US President-elect Donald Trump’s promise to ease regulatory restrictions on cryptocurrencies. Trump has also expressed his support for the idea of ​​creating a “national Bitcoin reserve,” reflecting the growing optimism in the cryptocurrency market.
hero member
Activity: 2842
Merit: 772
Maybe not in 2024, but the price could go towards those levels on the long run, with something like 2025 could see the peak as well. I can see why those things could be a little different from each other but we are dealing with a much larger and different approach here.
Now, I believe that Bitcoin will not make its price too high like this, but I am not pessimistic. I am optimistic and if we look at Bitcion yearly candles, this year is very bullish.

Lowest: $36,186
Highest: $114,666
Current: $93,320

If Bitcoin closes this year around $90,000, it has a very good year, with lowest price below $40,000 and close price about $90,000, its ROI only in this year is more than 100%.

Yes, but it's better to stay at least in the $100k range before the end of the year,



https://www.coinglass.com/today

So that we can keep our momentum entering 2025 and with Trump's inauguration early next year, we are going to see another pump as this is highly anticipated event. So at least $100k end of the year and then we will work from their and maybe push another all time high in January.
copper member
Activity: 196
Merit: 6
Maybe not in 2024, but the price could go towards those levels on the long run, with something like 2025 could see the peak as well. I can see why those things could be a little different from each other but we are dealing with a much larger and different approach here.
Now, I believe that Bitcoin will not make its price too high like this, but I am not pessimistic. I am optimistic and if we look at Bitcion yearly candles, this year is very bullish.

Lowest: $36,186
Highest: $114,666
Current: $93,320

If Bitcoin closes this year around $90,000, it has a very good year, with lowest price below $40,000 and close price about $90,000, its ROI only in this year is more than 100%.

2025 is the year we are going to see most of the action above $100k.
As they say - use the dip.
hero member
Activity: 1722
Merit: 801
Maybe not in 2024, but the price could go towards those levels on the long run, with something like 2025 could see the peak as well. I can see why those things could be a little different from each other but we are dealing with a much larger and different approach here.
Now, I believe that Bitcoin will not make its price too high like this, but I am not pessimistic. I am optimistic and if we look at Bitcion yearly candles, this year is very bullish.

Lowest: $36,186
Highest: $114,666
Current: $93,320

If Bitcoin closes this year around $90,000, it has a very good year, with lowest price below $40,000 and close price about $90,000, its ROI only in this year is more than 100%.
hero member
Activity: 3220
Merit: 678
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Motivating someone to still hold Bitcoin is good so they realize what benefit of Bitcoin to them. Yes, we can not guarantee them to see the price reach $150k-$180k in 2024 because as we can see now, Bitcoin price has been down a lot from the last ATH. Even this day I see the price were in $99k.

You can tell to your friends that this time is a good time to buy more Bitcoin as the price is down. But it is better to tells them about the risk of the down with the price that they already saw now that Bitcoin price can goes down and not just increase so they can understand about the risk.

We still have at least two weeks to see if the price can reach $150k-$180k in 2024. But if Bitcoin price can not reach that price, you need to explain to your friends that Bitcoin have more opportunities to increase in the next year but there is still uncertainty for Bitcoin.
Maybe not in 2024, but the price could go towards those levels on the long run, with something like 2025 could see the peak as well. I can see why those things could be a little different from each other but we are dealing with a much larger and different approach here.

This is why I believe that we need to consider bitcoin being promoted everywhere is still a good idea because we have time to do something further about it. I am not really considering this an issue, I do not promote it to my friends or family or anything like that, not to people I personally know, because that's very annoying to keep hearing about "when will it go up" everyday, but I do promote and motivate online because I can do that and I could at least do that for all the things bitcoin has done for me.
member
Activity: 67
Merit: 24
Bitcoin is a very volatile process. No one can accurately say whether the price it is going to be at today will be the same price tomorrow. No matter how close a friend I am at work, I don't tell anyone to invest in Bitcoin. If the price they bought it at today drops tomorrow, they will think I cheated them. I cheated them out of their money. In that case, I will fail to convince them that if they hold it for a long time, its price will increase much, much more.
full member
Activity: 868
Merit: 202
....
And I continue to motivate them to continue holding or if they want to continue buying periodically because I guarantee that in 2024 the price of Bitcoin will reach $150,000-$180,000.
...

guaranteeing the price of bitcoin at a certain point to someone who is new to it is a mistake because they are still new to the bitcoin market and only rely on what you say as a direction in their investment, they are not yet mature in knowledge or experience, and unfortunately they can blame you if the bitcoin market does not favor them.

it is better for you to teach them slowly and always tell them that investing in bitcoin has risks, always remind them of this so that later on they will not blame you for their losses because you have reminded them of the risks from the start.
hero member
Activity: 2884
Merit: 794
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And I want to know your response, because I also don't want to interfere in their affairs after getting involved with Bitcoin even though it's because of me. But I'm sure they also have intelligence, understanding and also have the ability to grow in this industry and we also always communicate even though I sometimes ignore and divert the conversation because I don't want to feel dizzy.
What you did could put your friendship at risk, your friends did not invested in bitcoin because they trust its long term prospects or its technology, they did so exclusively because they want to obtain an economic benefit and their friend helped them to do it, if at some point the price of bitcoin crashes or they take on additional risks, like futures trading, and they lose their money, who do you think it is going to be blamed for those losses? A result that could put an end to your friendship.
hero member
Activity: 1722
Merit: 895
And I want to know your response, because I also don't want to interfere in their affairs after getting involved with Bitcoin even though it's because of me. But I'm sure they also have intelligence, understanding and also have the ability to grow in this industry and we also always communicate even though I sometimes ignore and divert the conversation because I don't want to feel dizzy.
We can help anyone get involved in investing in bitcoin and can also advise them to stick to doing long-term holding to get big profits in investment, but it won't work well when they themselves don't have confidence in the investment we recommend. I have two different experiences where one person has been investing in bitcoin for the past five years and the other has no interest in doing it and now when they meet me at the same time there is always an interesting story presented.

I am proud to be able to help people achieve the stage of financial freedom and even though I don't directly provide a path to that success through us. But maybe they know bitcoin through us and their motivation to invest is also based on what we have achieved in bitcoin so they have an example when they want to start compared to advising them but we ourselves have not started so they don't see something based on experience.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
It's good to see that you are motivated and are suggesting others to invest in bitcoin but there are some concerns you should note.
Currently bitcoin is neat its ATH and so you should not guarantee anyone that they will make X gains in Y time.
You can ofcourse suggest them to HODL for a long term but I think buying in dips would be better.
If not DCA into it could be the best thing to do right now.
copper member
Activity: 196
Merit: 6
Well praise God Almighty if we hit 150k-180k in 2024! If not then it will surely have to reach that in the first part of 2025 no?

2025 is the year for the BTC rally to shine.
Just wait and enjoy it.
 Cool
hero member
Activity: 2604
Merit: 816
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And I continue to motivate them to continue holding or if they want to continue buying periodically because I guarantee that in 2024 the price of Bitcoin will reach $150,000-$180,000.
OP, you gave your friends ideas about bitcoin and your friends invested in bitcoin which is great job. It is very good that your friends are profiting in investment. However, we do not know what kind of ideas you have given your friends? Hopefully you have made your friends aware of the risk. One thing I don't think is right, you guaranteed that bitcoin price will reach $150k-$180k in 2024. Actually Bitcoin price is volatile, no one can tell exactly what will happen when. So you should not give a guarantee. You don't just show your friends big profits. You also make them aware of the risks.
Motivating someone to still hold Bitcoin is good so they realize what benefit of Bitcoin to them. Yes, we can not guarantee them to see the price reach $150k-$180k in 2024 because as we can see now, Bitcoin price has been down a lot from the last ATH. Even this day I see the price were in $99k.

You can tell to your friends that this time is a good time to buy more Bitcoin as the price is down. But it is better to tells them about the risk of the down with the price that they already saw now that Bitcoin price can goes down and not just increase so they can understand about the risk.

We still have at least two weeks to see if the price can reach $150k-$180k in 2024. But if Bitcoin price can not reach that price, you need to explain to your friends that Bitcoin have more opportunities to increase in the next year but there is still uncertainty for Bitcoin.
hero member
Activity: 1386
Merit: 599
Bitcoin will soon reach $110,000 and currently the price of Bitcoin has reached 107,500 and this makes 2 of my friends very happy.

I have two close friends who used to be my music friends or band friends, and now we rarely meet because they are busy working as Pilots and the other one because he works out of town. And we met on November 18th at a place we often visited at that time, and we chatted a lot while asking about our activities and I told them that I was involved or invested in Bitcoin, they knew about crypto especially Bitcoin but didn't know the details and its functions.

And they seemed curious to know more and finally I gave a basic explanation along with the benefits that I had gotten and also the real results that I had gotten finally my two friends were interested and I immediately and at that time also made a wallet and so on for my two friends who are still communicating until now, moreover my two friends are smart and immediately understand and can also operate it finally they bought Bitcoin on the night of November 18th and I don't know how much they bought if I'm not mistaken around $90,000+.

And earlier my two friends contacted me when the price of Bitcoin reached $107,500 and they were very happy and I was happy to see my two old friends happy because they had made a profit of 18% to 19% from the price they bought on that date and I forgot how much it was at that time.

And I continue to motivate them to continue holding or if they want to continue buying periodically because I guarantee that in 2024 the price of Bitcoin will reach $150,000-$180,000.

And I want to know your response, because I also don't want to interfere in their affairs after getting involved with Bitcoin even though it's because of me. But I'm sure they also have intelligence, understanding and also have the ability to grow in this industry and we also always communicate even though I sometimes ignore and divert the conversation because I don't want to feel dizzy.


Well praise God Almighty if we hit 150k-180k in 2024! If not then it will surely have to reach that in the first part of 2025 no?
legendary
Activity: 2800
Merit: 1127
You did a great job here and for them it can be a big deal as well like now they will also invest and they have become a part of the community as well. Although they bought at a good price but still things can go wrong I suggest if they have made the profit instead of giving them surety which most of the newbies need instead of saying book the profit and leave the trade, which I know is way hard for them because they think if we will be out we won't be making money, you just have to work on this.

Let them know that BTC can still dump, and can even go below 90k that time you should not sell in panic plus you should not have said the word guarantee because it was not suitable for you, I mean things can go wrong with BTC then it might come to your friendship I hope it won't go that way but better to be safe. So, ask them if they want to take risk, then take on their own I know they are smart by making things clear to them will safe you headache and any problems too. I do the same when I give suggestions to anyone, it's their take their risk so if in profit I am not being rewarded, then in lose I must not be blamed.
Yes, getting more people and increasing the adoption is amazing, it allows us to grow and not just in price neither. Think of bitcoin like a building, the wide the base, the higher we can go, you can't build a 100 story building with just 10 square meter base, you have to have it strong and very powerful for anything, that way you can make it a lot better and we can definitely make it a lot better on the long run if we have more people investing into bitcoin as well, doesn't matter if it is 10 dollars or 10 million dollars, as long as more people invest, that's good.

I also need to congratulate on the timing as well, it's obvious that we are getting to a great price, bull run was already coming and we knew it, and getting involved at this point is a great move, definitely something to consider.
sr. member
Activity: 630
Merit: 388
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And I continue to motivate them to continue holding or if they want to continue buying periodically because I guarantee that in 2024 the price of Bitcoin will reach $150,000-$180,000.
OP, you gave your friends ideas about bitcoin and your friends invested in bitcoin which is great job. It is very good that your friends are profiting in investment. However, we do not know what kind of ideas you have given your friends? Hopefully you have made your friends aware of the risk. One thing I don't think is right, you guaranteed that bitcoin price will reach $150k-$180k in 2024. Actually Bitcoin price is volatile, no one can tell exactly what will happen when. So you should not give a guarantee. You don't just show your friends big profits. You also make them aware of the risks.
hero member
Activity: 826
Merit: 552
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And I continue to motivate them to continue holding or if they want to continue buying periodically because I guarantee that in 2024 the price of Bitcoin will reach $150,000-$180,000.

And I want to know your response, because I also don't want to interfere in their affairs after getting involved with Bitcoin even though it's because of me. But I'm sure they also have intelligence, understanding and also have the ability to grow in this industry and we also always communicate even though I sometimes ignore and divert the conversation because I don't want to feel dizzy.

I am happy that your friends whom you introduced to Bitcoin are in profit already. So has many of us here on the forum introduced some fiends too into Bitcoin but what not usually advisable is to ask someone to invest into Bitcoin and still guarantee them of the price within a stated period of time. Telling them that Bitcoin will get to $150k in 2024 is just a speculation and you should not guarantee them of the price because price might not get to $150k before the year ends. It's just about 13 days left to end 2024 and the remaining day is too short for Bitcoin to get to that price you told them.

They have already made a good profit like you said, so, don't guarantee them of $150k as a closer price, allow them to decide for themselves if they should take profit or keep holding.
hero member
Activity: 1428
Merit: 513
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And I continue to motivate them to continue holding or if they want to continue buying periodically because I guarantee that in 2024 the price of Bitcoin will reach $150,000-$180,000.

And I want to know your response, because I also don't want to interfere in their affairs after getting involved with Bitcoin even though it's because of me. But I'm sure they also have intelligence, understanding and also have the ability to grow in this industry and we also always communicate even though I sometimes ignore and divert the conversation because I don't want to feel dizzy.
You did a great job here and for them it can be a big deal as well like now they will also invest and they have become a part of the community as well. Although they bought at a good price but still things can go wrong I suggest if they have made the profit instead of giving them surety which most of the newbies need instead of saying book the profit and leave the trade, which I know is way hard for them because they think if we will be out we won't be making money, you just have to work on this.

Let them know that BTC can still dump, and can even go below 90k that time you should not sell in panic plus you should not have said the word guarantee because it was not suitable for you, I mean things can go wrong with BTC then it might come to your friendship I hope it won't go that way but better to be safe. So, ask them if they want to take risk, then take on their own I know they are smart by making things clear to them will safe you headache and any problems too. I do the same when I give suggestions to anyone, it's their take their risk so if in profit I am not being rewarded, then in lose I must not be blamed.
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