Right this moment its best to wait for price action to prove itself above the 50 day average. Its confusing because today price is rising, the sell from the variant news is not as bad as it could have been. That might continue positively but the safest point is once we have reconfirmed our path upwards, where as today is just a trade gain that can reverse back on itself. Situation is still live, as said regular buys over longer term are still likely just fine as an average is safer overall.
3 weeks is the rough time line for pricing vs news to even out, I think we will trade within a range really.
Topic: Can I recommend a friend to buy Bitcoin now? - page 11. (Read 4169 times)
Bitcoin is now rising, and it has jumped by 3k in less than 10 minutes. Although everyone is happy but also worried, is it going to fall again?
My friend asked if I can continue to buy it? But I see a lot of people commenting that giant whales are now controlling the market. I told my friends not to enter the market for now, but my friends seem to have misunderstood me.
Do you think that this kind of market should be forbidden to enter or continue to buy?
I suggest not to panic selling。
If market conditions are declining for bitcoin, then it's a good idea to make a purchase, after that make a short-term scheme to trade, even I see the current market bitcoin is still in a correction condition, that's a sign that it's suitable to make a purchase, depending on the readiness of the capital you have, but if the price of bitcoin is still at the price as it is today, so the short-term scheme is good enough to apply, so that the results of buying bitcoin today can be utilized in the near future and most importantly panic is not a solution to all problems. My friend asked if I can continue to buy it? But I see a lot of people commenting that giant whales are now controlling the market. I told my friends not to enter the market for now, but my friends seem to have misunderstood me.
Do you think that this kind of market should be forbidden to enter or continue to buy?
I suggest not to panic selling。
Now a days I come across my friends who become aware of Bitcoin, come and ask if they can confidently invest on Bitcoin and other crypto currencies since they know I am here. I have yes explained them what is the risk and profits out of investing on Bitcoin and elaborated them the market moment. I have even showed them my earnings proof in trading and advised them few best exchanges to sign up and invest on best coins including Bitcoin.
Until now, there are still many friends who ask about bitcoin investment, which is so widely recommended on social media, but my friend still lacks an explanation so this requires me to explain it.What I understand, of course, I will explain just like you, your friends, because bitcoin news has now spread widely among ordinary people so I need to give an explanation first before they invest in bitcoin.
And the most important thing is the risk that must be faced, you must not panic, you must be mentally prepared when the market is down, so that's what I need to explain.
After they find out whatever the decision is in the hands of their friends.
Now a days I come across my friends who become aware of Bitcoin, come and ask if they can confidently invest on Bitcoin and other crypto currencies since they know I am here. I have yes explained them what is the risk and profits out of investing on Bitcoin and elaborated them the market moment. I have even showed them my earnings proof in trading and advised them few best exchanges to sign up and invest on best coins including Bitcoin.
At this point I would not recommend to any friend to buy Bitcoin. Because now the market is in full swing and downward trend. I think we should wait a few more days. It remains to be seen where the next movement will go. In particular, some countries are going to pass new bills on the cryptocurrencies in their country. I think if we get a clear idea about these issues, we will know what will be the next movement.
Currently the market conditions are recovering and the bitcoin price is slowly increasing, would you recommend your friends to buy? I think buying when the price is going up or down has the same risk. Buying when the price is rising does not mean you have no risk because you could be caught in a bull trap.
I'll repeat what I've been saying all the time: be careful when encouraging or recommending a friend to buy bitcoin or altcoin because your friend might sell things or borrow money and buy bitcoin and then the bitcoin price drops too much and your friend stays with losses and with it your friend will hate you
even when it's in an uptrend, it's dangerous to recommend bitcoin to a friend
At this point I would not recommend to any friend to buy Bitcoin. Because now the market is in full swing and downward trend.
even when it's in an uptrend, it's dangerous to recommend bitcoin to a friend
Bitcoin is now rising, and it has jumped by 3k in less than 10 minutes. Although everyone is happy but also worried, is it going to fall again?
My friend asked if I can continue to buy it? But I see a lot of people commenting that giant whales are now controlling the market. I told my friends not to enter the market for now, but my friends seem to have misunderstood me.
Do you think that this kind of market should be forbidden to enter or continue to buy?
I suggest not to panic selling。
You can bring someone into bitcoin investment and as guide the person for the period is suppose to harvest what is planted, bitcoin investment is like plantation of crops or other plans, you can only harvest a crop when it exceed the year of it's maturity time, when you buy bitcoin and panic to sell you may not have profit but when it matured before selling you will make a profit. My friend asked if I can continue to buy it? But I see a lot of people commenting that giant whales are now controlling the market. I told my friends not to enter the market for now, but my friends seem to have misunderstood me.
Do you think that this kind of market should be forbidden to enter or continue to buy?
I suggest not to panic selling。
Bitcoin is now rising, and it has jumped by 3k in less than 10 minutes. Although everyone is happy but also worried, is it going to fall again?
My friend asked if I can continue to buy it? But I see a lot of people commenting that giant whales are now controlling the market. I told my friends not to enter the market for now, but my friends seem to have misunderstood me.
Do you think that this kind of market should be forbidden to enter or continue to buy?
I suggest not to panic selling。
I think if your friend is a long-term investor, then you can continue to buy bitcoin even though the current price has soared and has set record highs many times. However, the ATH level that occurred a few days ago was not the last peak, in the future bitcoin will continue to set new ATH records again. Therefore, before going into an investment, it is better to understand technical analysis before making a decision.My friend asked if I can continue to buy it? But I see a lot of people commenting that giant whales are now controlling the market. I told my friends not to enter the market for now, but my friends seem to have misunderstood me.
Do you think that this kind of market should be forbidden to enter or continue to buy?
I suggest not to panic selling。
Everything could really be in random and it would be more better if you do suggest out your friend on investing on the amount that he could afford to lose whenever the price situation would may be.
Dont give out assurances just like on what others been saying because that would really just affect your friendship on others.
Bitcoin is now rising, and it has jumped by 3k in less than 10 minutes. Although everyone is happy but also worried, is it going to fall again?
My friend asked if I can continue to buy it? But I see a lot of people commenting that giant whales are now controlling the market. I told my friends not to enter the market for now, but my friends seem to have misunderstood me.
Do you think that this kind of market should be forbidden to enter or continue to buy?
I suggest not to panic selling。
I think if your friend is a long-term investor, then you can continue to buy bitcoin even though the current price has soared and has set record highs many times. However, the ATH level that occurred a few days ago was not the last peak, in the future bitcoin will continue to set new ATH records again. Therefore, before going into an investment, it is better to understand technical analysis before making a decision.My friend asked if I can continue to buy it? But I see a lot of people commenting that giant whales are now controlling the market. I told my friends not to enter the market for now, but my friends seem to have misunderstood me.
Do you think that this kind of market should be forbidden to enter or continue to buy?
I suggest not to panic selling。
If your friend is ok to invest and wait for long term then yes, anytime you can buy as market is volatile. The current situation is moving sideways as said above and yes that is the indication of small correction is going to happen followed by a uptrend. So better make your call to buy it. I would say its the best time now to invest in Bitcoin and its growth is going to yielding a assured profit in few months or an year.
Invest on the amount that he could afford to lose and always remind him about that this market doesnt guaranteed out profits no matter how good looking it is.Make sure that you wouldnt really be giving any guarantees or boost up of emotion that it do looks like that he could really make out some money and make sure that he do able to realize things on early basis so that he could able to handle things up.
If your friend is ok to invest and wait for long term then yes, anytime you can buy as market is volatile. The current situation is moving sideways as said above and yes that is the indication of small correction is going to happen followed by a uptrend. So better make your call to buy it. I would say its the best time now to invest in Bitcoin and its growth is going to yielding a assured profit in few months or an year.
I wouldnt buy right this moment, wait for this current indecision to resolve itself better. So either we break 63k downwards or get a new high seems reasonable directions from here but so far just sideways and every rise is sold like today.
Its a busy chart, there is of course the choice to just buy a little every month because you could be here forever not quite sure.
Its a busy chart, there is of course the choice to just buy a little every month because you could be here forever not quite sure.
There three things those should be consider all the time. One is Why am I investing? second one is Can I handle volatility?, How much can I afford to allocate? If your friend is new to crypto then I think it is better not to involve him here at the moment because there is a high probability of sudden becoming rich or poor. You can explain the whole things to him. If you think that he is eligible then you can recommend.
Doesnt mean that you do become rich or poor.What matter most on here is the opportunity on where crypto could give.Its a bit selfish kind of act on where you dont tell someone just because of those things.Explain to them about volatility and risk then you would able to tell him confidently without worrying that much as long he do knows the risk then you couldnt really be blamed out in case he would lost
up some of his investment.What matter most on here is that he do already knows that there's market like this do exist and the kind of opportunity that it gives.
There three things those should be consider all the time. One is Why am I investing? second one is Can I handle volatility?, How much can I afford to allocate? If your friend is new to crypto then I think it is better not to involve him here at the moment because there is a high probability of sudden becoming rich or poor. You can explain the whole things to him. If you think that he is eligible then you can recommend.
A little extra, the OP also need to ask if his friend likes to invest in highly volatile asset? I think that will be the 4th question.About me, investing is not a quick way to get rich but investing is the best way to make money work for the owner. I've heard these words that might motivate us to invest =>if you can't make money while you sleep, then you have to work for the rest of your life<=. This mean money has another function as a worker for you and therefore you can make more money and it is an investment. Although not everyone agrees and has the mindset to invest, suggesting someone to do so is also never wrong as long as he knows what the consequences of the instrument he chooses are.
Exactly, you need to have that idea before you continue recommending bitcoin as an investment. The risk is too high. Better to check it first with your friend if how far they can handle the pressure. They will surely lose their investment if they are not ready to see their assets losing its value..
After all the assessment, and you are convinced that your friend is really willing to take a step inside this business, your next step is to properly guide them in every possible way that you can, providing additional precautions and all those important fundamentals.
It's hard to see them failing so better to be there to assist them while they are still in the process of understanding the whole
concept of this wide industry.
There three things those should be consider all the time. One is Why am I investing? second one is Can I handle volatility?, How much can I afford to allocate? If your friend is new to crypto then I think it is better not to involve him here at the moment because there is a high probability of sudden becoming rich or poor. You can explain the whole things to him. If you think that he is eligible then you can recommend.
A little extra, the OP also need to ask if his friend likes to invest in highly volatile asset? I think that will be the 4th question.About me, investing is not a quick way to get rich but investing is the best way to make money work for the owner. I've heard these words that might motivate us to invest =>if you can't make money while you sleep, then you have to work for the rest of your life<=. This mean money has another function as a worker for you and therefore you can make more money and it is an investment. Although not everyone agrees and has the mindset to invest, suggesting someone to do so is also never wrong as long as he knows what the consequences of the instrument he chooses are.
At the moment, the price of Bitcoin is at a very high level. It is still very close to ATH, so buying it at this point is not a good idea. However, on the other hand, analysts' predictions say that the price of BTC could go much higher. If I were you, this is how I would answer a friend if he asked me. However, I advise you to avoid advising on investing in cryptocurrencies if you do not have experience in investing yourself.
I already answered this question years ago and my response didn't change. There isn't any price to regret buying bitcoin on unless you are targeting short term profit which is very random and worthless for most investors dealing with small amounts!This is very true, and to any no-coiner, I'd recommend buying any 5 figure price right now. When price dropped over 50% to $30K, people were asking if it was too late when it seems more or less clear that it wasn't. This is why to any no-coiner I would recommend Bitcoin at more or less any price for the long-term. I also remember some people investing at $10-20K in 2017, which seemed stupid shortly after when price dropped down to $6K, but the reality is that it wasn't. They were more than willing to buy at $20K, given price could reach $1 million, but not interested in doubling down at $6K which says a lot.
Some people have to buy the tops as they aren't willing to buy the discount it seems, regardless of if prices takes years to recover to that level. At least when price reaches it's previous ATH they appear to be less willing to sell after holding for so many years, unlike others who bought at 10K and sold a few months later at 20K for a quick 2x profit. No doubt buying back in at a much higher level.
Often I find the answer to recommending Bitcoin as an investment isn't about price, it's about exposure. If you don't have any, that's a very risky position to be in. More so than buying a top.
At the moment, the price of Bitcoin is at a very high level. It is still very close to ATH, so buying it at this point is not a good idea. However, on the other hand, analysts' predictions say that the price of BTC could go much higher. If I were you, this is how I would answer a friend if he asked me. However, I advise you to avoid advising on investing in cryptocurrencies if you do not have experience in investing yourself.
I already answered this question years ago and my response didn't change. There isn't any price to regret buying bitcoin on unless you are targeting short term profit which is very random and worthless for most investors dealing with small amounts!People hesitated to buy bitcoin at $1k because it was high at that time, same goes for $13k, $18k, $40k and now $60k. To say that long term holding should be safe whatever the price is.
Bitcoin is now rising, and it has jumped by 3k in less than 10 minutes. Although everyone is happy but also worried, is it going to fall again?
My friend asked if I can continue to buy it? But I see a lot of people commenting that giant whales are now controlling the market. I told my friends not to enter the market for now, but my friends seem to have misunderstood me.
Do you think that this kind of market should be forbidden to enter or continue to buy?
I suggest not to panic selling。
I believe your friend is being pushed by the price spike of Bitcoin and that is not the best time advice someone to invest in crypto currency I must tell you the truth. Some people may advice that at all time is the best time to buy Bitcoin without considering the effects on newbies that are reading their post here. Buy Bitcoin when there panic that it will crash to $30k or $10k and any time its value appreciating and people are saying Bitcoin is going to $100k or even $200k please just sell. My friend asked if I can continue to buy it? But I see a lot of people commenting that giant whales are now controlling the market. I told my friends not to enter the market for now, but my friends seem to have misunderstood me.
Do you think that this kind of market should be forbidden to enter or continue to buy?
I suggest not to panic selling。
I often advise friends or family to invest in bitcoin even with a small value, I have proven that I can get a profit of up to thousands of dollars per year even though I invest with a small value, I make bitcoin like my regular savings every month even though the value is between $ 100 to $ 200.
^ This year from I think it was $30k price in the market and now it is $60k, who are those who did not earn?If you are a long-term holding you are safe from being vulnerable because BTC we know it is safe to invest. Nevertheless, if I have a friend I will not teach them if they don't have proper research first even just basic information. It means they are not willing to learn, because by any chance if they lost their money and they will blame you for the cost they spent.
It's enough for them to learn how to invest in bitcoin even though it's tempting, it still requires a strong mentality, it's not as easy as what you say because after plunging into this, your friends will feel how nervous it is if there is a decline.
I often advise friends or family to invest in bitcoin even with a small value, I have proven that I can get a profit of up to thousands of dollars per year even though I invest with a small value, I make bitcoin like my regular savings every month even though the value is between $ 100 to $ 200.
^ This year from I think it was $30k price in the market and now it is $60k, who are those who did not earn?If you are a long-term holding you are safe from being vulnerable because BTC we know it is safe to invest. Nevertheless, if I have a friend I will not teach them if they don't have proper research first even just basic information. It means they are not willing to learn, because by any chance if they lost their money and they will blame you for the cost they spent.
and I personally don't want to advise my friends to get involved in bitcoin unless they offer it themselves and before doing so I suggest to study and understand it well first and do some research and also look for the best information to convince it.
because then he will have confidence because of his hard work in doing research and learning everything related to bitcoin and also the risks, I suggest to invest long term and buy gradually when there is a slight decline and suggest buying it from cold money.
and with that I won't be fully blamed if it doesn't live up to expectations and but it will most likely succeed if you do it patiently.
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