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Topic: Can I recommend a friend to buy Bitcoin now? - page 16. (Read 4152 times)

hero member
Activity: 2114
Merit: 740
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As a member of the global crypto community, we must provide the best advice for friends in trading actions but the advice is for analytical purposes so it is not an absolute decision to accept, sometimes our advice does not match his decision but don't despair to keep giving good advice at other times.
In cases like this, it's not just advice that we can give. But we must make the friends we invite trading bitcoin to understand more deeply how to trade. Although the theory we provide is understandable quickly, but we must explain that the crypto market is always surprising and highly volatile, lest when something untoward happen, we are the first to be blamed. Since cryptocurrency is a double-edged investment, we can make big profit overnight, and can also lose it all in a matter of hour.
full member
Activity: 1442
Merit: 108
I always use ATH as a benchmark and the current btc price is still very good to buy...

no loss if your friend buys Bitcoin at the current price because when bitcoin returns to ath then he will make 2x profit. the value of bitcoin will definitely continue to rise so don't hesitate to suggest other friends to buy btc but you have to remind them about the risks too.
Very rarely in the analysis beginners use ATH to benchmark the market price will be reached again in the future, they only position the lowest price will be reached if BTC is far away and they will wait for it until the market low price, the market has dropped 50% in the last few weeks and maybe a lot the trader has missed the $30k moment.
they looked in the mirror in 2018-2020, where at that time the price of bitcoin fell very far after reaching its highest price (well below 50%). they thought the same thing would happen this year but it seems they were wrong because currently the bitcoin price has recovered and the bear market is over.
member
Activity: 868
Merit: 38
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Recommending friend to buy bitcoin is nice and for we to start to buy now that the price is not stable is not good, it will be good enough for we to check if the price will be in normal state or remain in fixed position and if anything should make your friend to buy now is at 36000k to 38000k and later it goes up your friend will be at losing side
sr. member
Activity: 826
Merit: 263
when it comes to buying and selling it should be the holder's decision alone
Of course, his friend just needs a suggestion, then he will decide it himself. If Robinson66's friend is really a real trader or investor, he should know what to do. He asked for a suggestion probably to ensure his decision at that time. Except if he is a newcomer, he must be worried to buy in the red market. Although his friend takes the suggestion of Robinson66, I think it is no problem. He must know the consequence that no guarantee of 100% correct.

full member
Activity: 2324
Merit: 175
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?。

Let him decide for himself just give him tips and guidelines but when it comes to buying and selling it should be the holder's decision alone, do not encourage or forbid, investors should do their own research and should set their own time for buying and selling so you will not take the blame if you made a mistake on your advice to sell or buy.
hero member
Activity: 2688
Merit: 540
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Very rarely in the analysis beginners use ATH to benchmark the market price will be reached again in the future, they only position the lowest price will be reached if BTC is far away and they will wait for it until the market low price, the market has dropped 50% in the last few weeks and maybe a lot the trader has missed the $30k moment.

did see many who missed the price of $ 30K at that time, because a lot of information received without thinking they released a price that was relatively under $ 30K. Finally, what we are witnessing today is an opportunity taken to briefly raise the price back above $30K.
And people do end up on regretting on why they havent able to buy when the price had decreased below 30k?Cant blame them because we do have the fear or doubts on buying specially the news or
sentiments around is been talking about getting back to 20k price point which its just normal to have those kind of reactions and if you do tend to tell bitcoin to a friend then always remind them
about the potential risk so that they would be aware and wont be shocked when they do saw their investment is on negative. Most noobs would just panic and would really make out some panic
sell instead of holding.
legendary
Activity: 3318
Merit: 1128
We really can't force someone to invest in crypto. but if any of your friends want to learn from us who have been in the crypto world for a long time, we can teach them about investing in crypto and provide an understanding of the advantages and disadvantages of crypto and the risks that will be experienced. Of course, all decisions are up to each of us. So if you are still a beginner who wants to invest in crypto, it is better to invest half the money you have and use the money that is idle so as not to be disturbed by the needs of our lives.
That is the trick, people "ask" others about crypto when instead of asking, they should be researching and learning more about it themselves. Google is right there, go google whatever you want to learn and get richer right? But they end up not doing that at all, if they keep ignoring that and not doing it, then we are talking about something that is quite risky and only asking people which they will use it to give you what they believe is right and not what is right.

All newbies should stop asking questions and ask for recommendations from people, and start learning more and more about it from google and stuff there, so that they could make a lot more money that way as well. I will never advice anyone to do anything with their money, they have to decide that themselves, but when I do that, usually people get a bit upset and stop talking for a while because I didn't help.
sr. member
Activity: 1050
Merit: 286
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。
With such matter, you should let your friend analyze and speculate the situation himself and afterwards, guide him with his decsion so that you wouldn't be the one to blame once the worst happens. As long as you are just simply telling them about bitcoin and you are not exerting any force for them to invest, your friend will surely be satisfied or contented with his decision. You can give advices and information on what's been happening in the market hence the only thing you shouldn't do is forcing them or using them as a guinea pig to see if it is really a good time to invest.
full member
Activity: 868
Merit: 150
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We really can't force someone to invest in crypto. but if any of your friends want to learn from us who have been in the crypto world for a long time, we can teach them about investing in crypto and provide an understanding of the advantages and disadvantages of crypto and the risks that will be experienced. Of course, all decisions are up to each of us. So if you are still a beginner who wants to invest in crypto, it is better to invest half the money you have and use the money that is idle so as not to be disturbed by the needs of our lives.
OP didn't force his/her friend to buy bitcoin now, it said in the title recommend, meaning that OP's friend has to consider and decide for himself/herself whether it's the right time to buy bitcoin now. If you are a newbie to cryptocurrencies, do some research and make it extensive reading but at the same time you still have to understand it.
full member
Activity: 656
Merit: 104
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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。
We can suggest to buy or sell crypto to anyone but it does not mean that we will force them, we need to let them decide by their own and make their research to understand crypto. Because we don't know that after your friend buy the price will fall so it is safe if he decide by his own.
We really can't force someone to invest in crypto. but if any of your friends want to learn from us who have been in the crypto world for a long time, we can teach them about investing in crypto and provide an understanding of the advantages and disadvantages of crypto and the risks that will be experienced. Of course, all decisions are up to each of us. So if you are still a beginner who wants to invest in crypto, it is better to invest half the money you have and use the money that is idle so as not to be disturbed by the needs of our lives.
legendary
Activity: 2576
Merit: 1043
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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?
Bitcoin is volatile so it will going to fall again at some time. You want to recommend your friend to buy Bitcoin but you don't know how the market moves? I'm assuming that both of you are newbies Smiley.

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.
Let them experience everything. Recommending them to buy Bitcoin will not help them. Just give some basic tutorials or some basic information to them but if they will ask you if they will invest now, don't give any answer.

Let them experiencing getting profits and at the same time getting losses. Let them do their own research if they really want to invest into crypto. Don't let them enter without proper information. Just guide them but don't recommend them buying it.
sr. member
Activity: 2338
Merit: 365
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 always use ATH as a benchmark and the current btc price is still very good to buy...

no loss if your friend buys Bitcoin at the current price because when bitcoin returns to ath then he will make 2x profit. the value of bitcoin will definitely continue to rise so don't hesitate to suggest other friends to buy btc but you have to remind them about the risks too.
MiF
sr. member
Activity: 1442
Merit: 258
Reward: 10M Shen (Approx. 5000 BNB) Bounty
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 this time is the best time to buy Bitcoin if we are going to look at the market bitcoin is on the stage of rising .So we need to enter into crypto today before it's too late, just like we what happen on the first quarter of the year 2021if Bitcoin price is bullish it means more opportunities are coming so we need to watch out for those opportunity to earn.
full member
Activity: 1140
Merit: 103
Buzz App - Spin wheel, farm rewards
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。
We can suggest to buy or sell crypto to anyone but it does not mean that we will force them, we need to let them decide by their own and make their research to understand crypto. Because we don't know that after your friend buy the price will fall so it is safe if he decide by his own.
sr. member
Activity: 1722
Merit: 252
Sure, we should be patient to wait for the right time to buy. $38k is still possible if there will be a dump, but it is unlikely to happen this weekend. Maybe it will take two or three days for the next decline time. But I suggest not buying for the long term, it is time to buy for a short-term target. if you want to buy for the long term, you are better to wait for the bearish season. Then, you can buy Bitcoin at a very cheap price. While today, we are still in bullish season, just focus on buying for the short term.
You can make your own decisions for investing or trading in current market conditions, but I recommend buying $38k because the market volatility will likely return to prices below $40k before reaching above $45k, not an accurate prediction but just my analysis based on current market patterns.


Market patterns are always unpredictable, when the price can reach $41k then I'm optimistic that the price will continue to rise, so I buy bitcoin at a price of $41k, unfortunately the market is red again but I'm always optimistic that this year the price can reach ATH.
legendary
Activity: 3122
Merit: 1140
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。
Maybe let your friend know what risk behind this kind of investment. And then beside you maybe suggest him with your analysis, make sure he learn about technical analysis too so he not wrong to enter market if he do trading alone. If me i think any price of bitcoin as long it is not really in peak is good to buy, because we still can hold it if price fall and usually in future price can be better.
Always tell them about the risk so that they wont get shocked if they would see their investment is going down.Yes, you can recommend bitcoin to everyone but always be mindful

about the potential risk and they wouldnt really blamed you if they do have negative on their investment.Just tell them on studying or on making more research so that

they would have at least idea on what they are up into and not just diving in just because of being hyped or see some good profits from other people.
legendary
Activity: 3164
Merit: 1127
Leading Crypto Sports Betting & Casino Platform
this is a very risky market that can make people lose money and we all know that all people don't like to lose money, so be careful because if your friend sets high expectations and then loses money then he will accuse you of cheating, i saw this once when i talked about bitcoin to friends, they lost money because the price of bitcoin went down a lot and they sold out in panic and then they started blaming me for the losses they have, it was great. I suggest you tell your friends to buy bitcoin at their own risk

Maybe let your friend know what risk behind this kind of investment.

the central problem is that people new to this market come in with high expectations of making quick profits, even if warnings do not work, they as soon as the price of bitcoin drops a lot they start selling in panic because despair takes over and then they blame the person put them on the market
hero member
Activity: 3038
Merit: 634
The market is free for everybody so if you're friend is asking you to recommend him buying bitcoin, you should just tell him buy if he wants to buy at the top but advise him to buy whenever he thinks that he's prepared.

There's a long series of dips but no one will really look at that opportunity especially those that don't look the market as if it's the best time to buy by those times. I'm done recommending my friends to buy bitcoin, I've not talked to them about bitcoin anymore even if they ask to because I'll be blamed if they don't make a profit and sees its price go down.
Yes, I also have friends like that. they think that investing in bitcoin will only always be profitable. in fact, he would have benefited if he held back until now. however, I don't think he was ready for the downturn and quickly sold the bitcoins he bought when he saw his assets go down like a waterfall Grin

however, we can suggest our friends buy bitcoins or altcoins any time. however, before that, educate them about the benefits as well as the risks.
There are many those type of people that only thinks about the profit but, don't want to settle and take the reality that bitcoin is still risky and there's a probability that after buying, they might see the drop.

We can suggest them to buy but do not forget to tell that there's risk, crypto market is very volatile and it's not always the profit that they must take into consideration.
legendary
Activity: 2464
Merit: 2094
You can make your own decisions for investing or trading in current market conditions, but I recommend buying $38k because the market volatility will likely return to prices below $40k before reaching above $45k, not an accurate prediction but just my analysis based on current market patterns.
We all know that the price of bitcoin will fluctuate from time to time and there is always the potential for volatility. But I think the support line at $40K is still strong enough to hold market sentiment so far. Bitcoin will move up slowly and will break the $42K to $45K resistance and at least that's what I think about bitcoin at the moment. I don't think the bitcoin price will ever return to the $38K level, while $45K is the best hope so far to look forward to something that will come true.
hero member
Activity: 2282
Merit: 589
Sure, we should be patient to wait for the right time to buy. $38k is still possible if there will be a dump, but it is unlikely to happen this weekend. Maybe it will take two or three days for the next decline time. But I suggest not buying for the long term, it is time to buy for a short-term target. if you want to buy for the long term, you are better to wait for the bearish season. Then, you can buy Bitcoin at a very cheap price. While today, we are still in bullish season, just focus on buying for the short term.
You can make your own decisions for investing or trading in current market conditions, but I recommend buying $38k because the market volatility will likely return to prices below $40k before reaching above $45k, not an accurate prediction but just my analysis based on current market patterns.
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