Recommending buying bitcoin in my opinion is a good thing, the potential for prices to continue to rise will make us get big profits, I often make statuses on social media to invite friends to know and invest in bitcoin, of course we have to explain the risks because friendship can be damaged if he loses and don't understand the risks.
That's a very good idea, but the problem now is when is the right time to buy. there is no guarantee after you and your friends buy the price will go up, even more so when you and your friends buy when the bitcoin price is high as it is today. because investing in bitcoin has a very high risk don't forget to tell your friends to use unused money. 
Topic: Can I recommend a friend to buy Bitcoin now? - page 12. (Read 4152 times)
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 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.
Bitcoin is a type of risky investment, before inviting a friend to buy bitcoin the first thing to explain is the risk, many people think they will get a big profit in a short time so buy bitcoin, when the price drops they panic and choose a cut loss, then they say that bitcoin is unfeasible and unprofitable.
Although Bitcoin is a risky investment, I and my family are small investors in Bitcoin. I discuss Bitcoin with my friends but I don't pressure them about this investment. But I made my dear friend interested in investing in Bitcoin.any guarantees on making profits because this market is way too unpredictable which you do know as you do already have the experience.Just always tell
them about making investment on which they could only afford to lose and wont be having that all in kind of behavior.
to blame out into those people who had suggested them on such investment which you should really be careful on suggesting something which is risky.
where its just ethical that you wont really be giving them any guarantees.
Tell them on how risky it is and they wont blame you if they lost up due to volatility.
Bitcoin is a type of risky investment, before inviting a friend to buy bitcoin the first thing to explain is the risk, many people think they will get a big profit in a short time so buy bitcoin, when the price drops they panic and choose a cut loss, then they say that bitcoin is unfeasible and unprofitable.
Although Bitcoin is a risky investment, I and my family are small investors in Bitcoin. I discuss Bitcoin with my friends but I don't pressure them about this investment. But I made my dear friend interested in investing in Bitcoin.any guarantees on making profits because this market is way too unpredictable which you do know as you do already have the experience.Just always tell
them about making investment on which they could only afford to lose and wont be having that all in kind of behavior.
Bitcoin is a type of risky investment, before inviting a friend to buy bitcoin the first thing to explain is the risk, many people think they will get a big profit in a short time so buy bitcoin, when the price drops they panic and choose a cut loss, then they say that bitcoin is unfeasible and unprofitable.
Although Bitcoin is a risky investment, I and my family are small investors in Bitcoin. I discuss Bitcoin with my friends but I don't pressure them about this investment. But I made my dear friend interested in investing in Bitcoin. 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。
Aside from being a long-term holder, your friend also needs to understand everything inside this market.
Heavy volatility keeps hurting those newcomers,
not just by looking for passive investment but knowing the grounds and how the market works, are really important before dealing with Bitcoin.
We all read and hear stories about failed investment. Not everyone has the slice of making a good amount of profits from this market.
Your friend should not listen and judge the market is too soon. It's more about doing research and a better understanding to succeed from this investment.
Recommending buying bitcoin in my opinion is a good thing, the potential for prices to continue to rise will make us get big profits, I often make statuses on social media to invite friends to know and invest in bitcoin, of course we have to explain the risks because friendship can be damaged if he loses and don't understand the risks.
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。
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?
every increase there is a coming decrease and this is what we have called Correction as other investors are taking their profit.Quote
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.
who are you to tell Him not to invest when he is seeing the increase continuously? that is a wrong perception if you cannot provide complete proof why he does not need to invest for now.Quote
Do you think that this kind of market should be forbidden to enter or continue to buy?
I suggest not to panic selling。
lol Buy Low Sell high thats it. 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。
Use 62971 as a buy signal, thats the recent high to the recent low and a 61% recovery of that showing price development upwards. Along with various other momentum measures, its a reasonable trade. Of course the hard part is know when have the winds changed and if we trade lower but I think we can break upwards at some point and price is positive at present.
I would never recommend a friend /familiy member to invest into anything.
Agreed! Not only for friends and family, but in general: I don't give investment advice. I can give information, but it's up to them to make a choice.Do you really have to spam a link in every post you make? I would have merited you if not for that link.
Really a valid point. We can give information to them not financial advice except who are licensed to give financial advice. So definitely we can recommend a friend to buy bitcoin now because now a days it's one of the best investment option. Also some points or suggestions we can give to anyone are,
learn fundamentals/basics.
start with minimum amount.
Keep updated.
-Snip-
I agree. Many beginners just invest seeing their friends just earn profits and invest on the same coin and tend to fall into panic sells which in turn leads to loose huge money. So, yes it's our responsibility to alert them of risks involved in it. This would certainly make many think twice before investing. As money is involved its necessary to analyze before investing. This would eradicate many from loosing money.
Though, it's their obligation to do the homework and study things well before starting their investment, it's money and sometimes friends or relatives got some problem when things went wrong about the investment or business.
~
There is always a risk that beginners and anyone will face if they want to invest in bitcoin without sufficient knowledge. If you want to recommend a friend, then it's also your responsibility to give him some basic knowledge so he understand the risks involved. I'm sure you wouldn't want to take responsibility for your friend's inability to profit and that should have been explained from the start.I agree. Many beginners just invest seeing their friends just earn profits and invest on the same coin and tend to fall into panic sells which in turn leads to loose huge money. So, yes it's our responsibility to alert them of risks involved in it. This would certainly make many think twice before investing. As money is involved its necessary to analyze before investing. This would eradicate many from loosing money.
~
There is always a risk that beginners and anyone will face if they want to invest in bitcoin without sufficient knowledge. If you want to recommend a friend, then it's also your responsibility to give him some basic knowledge so he understand the risks involved. I'm sure you wouldn't want to take responsibility for your friend's inability to profit and that should have been explained from the start.
Exactly my point, you can't be the person that going to give the advice, tell them about the things that they need to do but do not force them to get in and you don't have to tell them what to do next. That's what makes newbies quit or panic, they thought that it's easy money because the people that told them said so.
There is always a risk that beginners and anyone will face if they want to invest in bitcoin without sufficient knowledge. If you want to recommend a friend, then it's also your responsibility to give him some basic knowledge so he understand the risks involved. I'm sure you wouldn't want to take responsibility for your friend's inability to profit and that should have been explained from the start. ~
You can recommend bitcoin to a friend but always remember to tell off about the risk so that they wont really be expecting that much in regards to this.They would only realize off things when they do already got the experience on their own. Just dont make any assurances that they could really profit off from time to time.
Here’s a little piece of advice for everybody: Real friends don’t let friends gamble in crypto.
Never in a million years would I recommend a friend to put money in these ponzis, BTC included. I’d tell them I have some of this coin or that coin but that’s it. I’d start helping them to avoid scams if they managed to upload some money to an exchange. Like Shib... I’d share that I traded it but would I tell a friend that it’s a good coin to buy? Hell no!
Never in a million years would I recommend a friend to put money in these ponzis, BTC included. I’d tell them I have some of this coin or that coin but that’s it. I’d start helping them to avoid scams if they managed to upload some money to an exchange. Like Shib... I’d share that I traded it but would I tell a friend that it’s a good coin to buy? Hell no!
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。
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 suggest tell your friend first the risk of crypto so he can be aware to what can possibly happen, good or bad, excellent or worst. In that case, your friend will be the one to decide on his/her own when to buy, to hold, and to sell. I wonder what you told your friend because I have checked the bitcoin price on the date you posted this topic vs bitcoin price now and I found out that price is lot more better. One important thing bitcoin gave me is that, the best time is always when you have chance so make the most out of it.
Jump to: