Whales will always be in the market and unlike us they are more interested in long-term gains of crypto and will always have the power to control the markets using their huge share of coins, and that shouldn't scare you..
Bitcoin price is on the higher side but if your friend doesn't mind the risk then he would consider this to be a good investment and just to diversify the portfolio some altcoins could be considered too.
Topic: Can I recommend a friend to buy Bitcoin now? - page 18. (Read 4169 times)
so what if there are now giant whales that control the market .
cant you see you and me are still here . you arent scared so why will you stop your friend ? your friend seems willing to try btc and if he loose , he will not blame you straight but he wont lose easily because you are there to guide him .
whales are not new in the market and even if they are here , the market still moves the same ( up and down ) and we can make use either of the two situation to benefit .
cant you see you and me are still here . you arent scared so why will you stop your friend ? your friend seems willing to try btc and if he loose , he will not blame you straight but he wont lose easily because you are there to guide him .
whales are not new in the market and even if they are here , the market still moves the same ( up and down ) and we can make use either of the two situation to benefit .
The truth is that I have always recommended my friends to buy BTC, very few have listened to me, in the same way what I do now is send them links to articles so that they themselves through reading know that it is something safe, in fact one of them sent me this very interesting article:
Bitcoin traders need to know about this ‘very bullish thing’
Source: https://ambcrypto.com/bitcoin-traders-need-to-know-about-this-very-bullish-thing/
I think there are plenty of reasons to recommend buying bitcoin to a friend, however it is good to recommend backups like these.
Bitcoin traders need to know about this ‘very bullish thing’
Quote
Trader and analyst, Scott Melker, in a recent video highlighted that around December 2020, Bollinger Bands were tight, then in April 21 bands had constricted again. Interestingly, through this entire month, bands were really tight; previously when this happened in December (2020) and April (2021) it ‘led to a volatile explosive move’ shown by BTC’s price. Melker further called this tightening and recent opening up of bands a ‘very bullish thing.’
Source: https://ambcrypto.com/bitcoin-traders-need-to-know-about-this-very-bullish-thing/
I think there are plenty of reasons to recommend buying bitcoin to a friend, however it is good to recommend backups like these.
But you must also be able to explain the risks of investing to your friends and must have a clear investment pattern and target, whether short term, medium-term or long term. In addition, if your friend intends to buy bitcoin, it's a good idea to understand this cryptocurrency first. So, no regrets after that.
That's what I was thinking too, OP has to also explain to his/her friend the risks involved in investing bitcoin because there's a possibility of being blamed for recommending bitcoin because the friend didn't know the risks involved. If I were to recommend bitcoin to a friend, I also have to ask them of their risk tolerance and if they can hodl for a really long time.I don't think it's necessary to continue discussing the risk to you because it makes your friends continue to panic and be afraid to invest. It's a good idea to explain strategies and steps to play cryptocurrencies properly and correctly. when exactly to buy and when exactly to sell.
I think if it's like this, your friends will be easy to understand and interested in investing.
But you must also be able to explain the risks of investing to your friends and must have a clear investment pattern and target, whether short term, medium-term or long term. In addition, if your friend intends to buy bitcoin, it's a good idea to understand this cryptocurrency first. So, no regrets after that.
That's what I was thinking too, OP has to also explain to his/her friend the risks involved in investing bitcoin because there's a possibility of being blamed for recommending bitcoin because the friend didn't know the risks involved. If I were to recommend bitcoin to a friend, I also have to ask them of their risk tolerance and if they can hodl for a really long time. I don’t think it is ever to late to buy Bitcoin, I keep on encouraging more family members and friends to buy. I also do my part to teach my family and friends the benefits of buying Bitcoin. Also benefits as well as how you can start storing wealth using Bitcoin.
Sound like a very good thing to do. But I hope you also need to explain what the risk of investing in bitcoin are so that they also know that apart from this investment having benefit or profit, they will also know that there are risk that always lurk. Also, I think anyone can buy bitcoin at any time if the goal is to save their money in bitcoin and this can prevent tension when the price down. If they buy because they want to make a profit, then they should buy because of good analysis.I don't know why you have to suggest investment in bitcoin to anyone. You know, people want to get rich overnight, so, if anything bad happens, they'll blame you and tell you that you are stupid who knows nothing and it's a fault that they believed in you, etc.
There is nothing wrong with suggesting people to buy bitcoin because that is one attitude that seem to support bitcoin to continue growing, but at least they should be able to explain the risk involved in this investment well so that people will consider it for themselve before making a decision. 
I don't know why you have to suggest investment in bitcoin to anyone. You know, people want to get rich overnight, so, if anything bad happens, they'll blame you and tell you that you are stupid who knows nothing and it's a fault that they believed in you, etc.
If bitcoin is far from its All-time high, then it's always a good moment to enter the market if you think about the long-term benefits/profits and at the moment it's really far from it. ATH was roughly 65K, right now it's roughly 40K. Here you see the 25K Difference, right? So it's the way to go. If we have a look at 2017, then we should expect to see 100K Bitcoin's price or an even higher one.
If bitcoin is far from its All-time high, then it's always a good moment to enter the market if you think about the long-term benefits/profits and at the moment it's really far from it. ATH was roughly 65K, right now it's roughly 40K. Here you see the 25K Difference, right? So it's the way to go. If we have a look at 2017, then we should expect to see 100K Bitcoin's price or an even higher one.
As long as you don't meddle with the decision, it's alright to recommend your friend to buy bitcoin. Given that the prices are going up right now you have to be prepared to be blamed for when the prices go down while your friend is still hodling and have bought at a higher price.
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。
Let your friends know more about bitcoin, Bitcoin is not that safe as an ordinary investment and we don't really know when it will fall or rise. We all can invest but we need to invest an amount that we can afford to loss no one stoping us if we wanted to invest on it but I think we need to be careful or smart because of bitcoins high volatility. 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 don’t think it is ever to late to buy Bitcoin, I keep on encouraging more family members and friends to buy. I also do my part to teach my family and friends the benefits of buying Bitcoin. Also benefits as well as how you can start storing wealth using Bitcoin.
The potential for an increase can occur at any time, and now the market continues to skyrocket so the price has gone up more than 24% in a week. if we think back by comparing the price of bitcoin now with a year or 10 years ago of course we will continue to regret it, it's better to start immediately and dare to take risks to get big profits.
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?
No one knows literally but falling is part of rising so there is a fall before rising and there is rising followed by falling.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.
you are forbidding them from profiting? you dont want them to invest now? who are you?bitcoin is the most profitable investment of all and that is already proven.
Quote
Do you think that this kind of market should be forbidden to enter or continue to buy?
I suggest not to panic selling。
if you are in this market with that behavior and attitude then best to leave this market now. I suggest not to panic selling。
If he really wants to invest then let him be, its never too late. However before he do that give him advice to know what he is getting into so he wont blame you incase something bad happen.
This is true, I'd learn a lesson from here since one of my friend blames me for his losses. Anyway, you have to tell to your friend every details about cryptocurrency if you really want to help them and explain the risk of investing but never force him to buy let him decide to avoid this problem. The price is still low compare to it's all time high, though there's a chance for the price to go down again so for me it's not too late yet, you just have to see your best entry price and set-up your target price. Bitcoin will continue to rise over time, if your friend willing to hold, then it's good if he will buy now.
If he really wants to invest then let him be, its never too late. However before he do that give him advice to know what he is getting into so he wont blame you incase something bad happen.
An investor with knowledge before engaging himself can understand the worse cases that might happen along the way and can wait longer since its part of the process.
We can invest anytime as long as we can take the risk, the market is high volatile and we cant expect btc to consistently increase, correction is inevitable too.
An investor with knowledge before engaging himself can understand the worse cases that might happen along the way and can wait longer since its part of the process.
We can invest anytime as long as we can take the risk, the market is high volatile and we cant expect btc to consistently increase, correction is inevitable too.
I think it's a bit late, but it wouldn't hurt if it did start to re-enter, it still provides a high chance in the long-term investing, we all know it's bound to touch $60k again.
Not only in terms of investing, of course we can also share other information related to bitcoin today, there are many other opportunities to encourage finance.
Not only in terms of investing, of course we can also share other information related to bitcoin today, there are many other opportunities to encourage finance.
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。
Don't wait. Just be bullish and buy BTC. 40K area is still a good buy. I can't see it go below 40K anymore and most probably a 50K mark by next month is achievable. We're getting back on track and correction season is probably done already. Buy responsibly. 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。
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We do not have to force them to follow our suggestion but we can teach them how to determine the time to buy bitcoin. Besides that, we need to tell them to learn about when the time to enter the market and always remind them that the price will change every day so they do not have to panic if they see the price is down. Do not forget to suggest that he invest in bitcoin with the money that he can afford and never use all of his money to just invest in bitcoin, especially for the money that he uses for his daily.
The hardest part to convince them not to buy whenever it is at the top. A friend of mine asked me if he should buy bitcoin when it was 50+ thousand dollars, I do not remember what it was exactly, either 54 or 58 and I told him not to do it at all, it would be way too risky. Then the price went to 60-61 and he did it anyway, he said I didn't know any better and bought bitcoin, and now we mock about it all the time and joke around how he did a big mistake and didn't listen to me at all.However even though we joke about it, I still feel bad about it, like why did he not listen to me? Why was I not clear enough to him that it is too dangerous to buy at these prices? It is obvious that it is not profitable to buy at the top and only buy when it is super low, but for some reason when people see it going up they decide that is when they should buy to make the most profit.
We can only suggest when to sell and buy, but we can not force them to follow exactly what we suggest. After that moment, we joke about it, but there is no anger between us because we know that friends can only suggest that the rest will be up to them.
This is the difficulty with the market. Experts who are good at predicting the stocks weren't able to make precise prediction about the bitcoin price. This is all because of the unpredicted changes happening through the speculative means. Bitcoin has got its own growth pattern and it also needs supportive system. The support system are the manipulators, whales and finally common investors.
Rather than giving suggestions on buying make him know well about the market before he steps into the investment. If he's interested just suggest him to invest what he's afford to loss/suggest to invest on a monthly basis a small amount with long term focus.
Rather than giving suggestions on buying make him know well about the market before he steps into the investment. If he's interested just suggest him to invest what he's afford to loss/suggest to invest on a monthly basis a small amount with long term focus.
While the price has the chance to rise even better right now $40k as a entry level will be good, so recommending this to a friend is good. Don't have doubts to share as long as you see better days that coming our way, who knows someday your friend will thank you or even give you some gift of appreciations. Perhaps, bitcoin as an asset has no hidden agendas compared with ponzi scheme business which used cryptocurrency currency as their frontline.
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。
Why not? This is a good idea, bitcoin has proven to be the most profitable investment for me, in 2015 I bought $650 btc and I held it for almost a year and I got profit more than 150%, since it I am not afraid to invite my friends/families to buy bitcoin and there are some who was successful and thanked me.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。
recommending wont' be hard for you as you can let them realized how valuable this investment and how good it can turned along the way.
Truly a good opportunities to buy now and allow them to explore for more, if they are into trading or investing there are many other options for them.
It's easier to convince other people to buy Bitcoin, if indeed we have experience getting big profits from investing in Bitcoin. We just need
to show our success portfolio to our friends, he will definitely be influenced and want to follow in our footsteps. But don't let our friends
invest unsupervised, because beginners are likely to make the wrong decision. If our friend fails, he will surely blame us, therefore teach
our friend at least basic knowledge about Bitcoin investment. And guide until our friends understand how to analyze the market correctly.
the risk behind and not just introducing him into some sort of hype or something because once those expectations would be broken then they would be finding you to be blamed on.
Just tell them about the potential but also tell them about the risk so that they would really be aware somehow and would clean up your hands when they lost up and you had given some warning.
We do not have to force them to follow our suggestion but we can teach them how to determine the time to buy bitcoin. Besides that, we need to tell them to learn about when the time to enter the market and always remind them that the price will change every day so they do not have to panic if they see the price is down. Do not forget to suggest that he invest in bitcoin with the money that he can afford and never use all of his money to just invest in bitcoin, especially for the money that he uses for his daily.
The hardest part to convince them not to buy whenever it is at the top. A friend of mine asked me if he should buy bitcoin when it was 50+ thousand dollars, I do not remember what it was exactly, either 54 or 58 and I told him not to do it at all, it would be way too risky. Then the price went to 60-61 and he did it anyway, he said I didn't know any better and bought bitcoin, and now we mock about it all the time and joke around how he did a big mistake and didn't listen to me at all.However even though we joke about it, I still feel bad about it, like why did he not listen to me? Why was I not clear enough to him that it is too dangerous to buy at these prices? It is obvious that it is not profitable to buy at the top and only buy when it is super low, but for some reason when people see it going up they decide that is when they should buy to make the most profit.
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