Can I recommend a friend to buy Bitcoin now? - page 20.

aoluain

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Quote from: darkangelosme on July 26, 2021, 04:23:43 AM

Quote from: Robinson66 on July 26, 2021, 02:26:30 AM

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。

For me you should tell your friend to buy some Bitcoin now okay, cause we are now at 3rd quarter of this year and as you can see in the history of Bitcoin it will always pumping in the 4th or at last quarter of the year, but in the end it his choice, we are just giving him an advice Grin

.

This is almost right, we are in the year after a halving year which as per previous halvings
is a very bullish year. Also we are just after coming through a massive correction
phase and just yesterday Bitcoins price crossed $40,000 after over a month being sub
$40k. The 3rd quarter of the year will be action packed.

I think its a good time for anyone interested to make a start in Bitcoin but they really
have to know how the FIAT value can change.

Obito

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Quote from: irsada on July 27, 2021, 02:40:18 AM

Why recommend someone if that person doesn't know what they are investing in?
if they are not on this forum, it's a good idea to invite them to the forum to increase their knowledge about bitcoin and other altcoins. Don't rush before you understand the risks.

It's just a recommendation meaning that the one that will be recommended will have to consider it and if they do like the recommendation, they will then decide what to do next. Nothing wrong with what OP says because OP is just trying to make some recommendations and it's not suggesting or forcing.

ancafe

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up or down, the risk in owning bitcoin is still there. I suggest, if you want to invite your friends, or suggest someone to buy a coin, especially bitcoin, you should tell everything about it, such as risks and others, so that if something unexpected happens, he doesn't blame you. however, personally, I'm still trying to continue to take advantage of the current conditions.

irsada

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Why recommend someone if that person doesn't know what they are investing in?
if they are not on this forum, it's a good idea to invite them to the forum to increase their knowledge about bitcoin and other altcoins. Don't rush before you understand the risks.

Reid

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Whatever they ask about the price fluctuation, you should not have an accurate answer for it.
Be on the safe side to avoid being blamed later on.
Tell them your history maybe. If you are still holding your bitcoin up until now then it should be enough reason to give them a positive reaction about it.
We don't know who manipulates it, we don't know if the market really reacts whenever they sell, we don't know how much amount they are holding to make the market move or not. No one knows.
You can recommend it but always tell them it's not your fault to whatever will happen in the future. They should still be responsible for what they are entering.

GreatArkansas

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Quote from: Robinson66 on July 26, 2021, 02:26:30 AM

(....)
Do you think that this kind of market should be forbidden to enter or continue to buy?
I suggest not to panic selling。

This is an example of FOMO (Fear Of Missing Out).
Look at now, Bitcoin dumped again because of humor that there was a market manipulation happened recently involving Amazon.
Recommending Bitcoin to other people is always a good idea, what is the best thing to recommend too is the method on how they accumulate or buy Bitcoins, like "dollar cost averaging" (DCA) method, it will help them to accumulate slowly especially if they don't want to go all in.

rodskee

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Quote from: Robinson66 on July 26, 2021, 02:26:30 AM

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 him invest on his own,just let him see your views but never ask them to invest because that will lead on blaming you if he losses. so Let Him do his thing and decide for His own .
there are many things that you must think off and let them do theirs, Why not find yourself on your own investment ? because this market volatility is not for others to risk but for ourselves .

Xinarae*

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Quote from: zanezane on July 26, 2021, 06:35:29 AM

Should've recommended buying when the prices were still around 29k or 30k USD but right now, it feels like going in is much riskier since the price could drop suddenly resulting in loss and buying right now and then maybe profiting a bit in the increase but your friend ends up getting greedy and goes for a bit more time before selling it.

I agree the right time to hold on when the price of bitcoin falls given the current market conditions if the prices of currencies continue to go down investors will suffer a lot. The price of bitcoin is likely to rise towards the end of this year, if the price of Bitcoin rises then investors will now make a profit.

Lanatsa

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Quote from: ultrloa on July 26, 2021, 07:37:22 PM

Quote from: Robinson66 on July 26, 2021, 02:26:30 AM

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。

Every price what you see is good to begin with and I'm sure you wouldn't want to start buying bitcoin at $60k right? that figure is accumulated by bitcoin for the past couple of months so you should tell your friend to start take his position before the pump will continuously go on. I know we can see the down side but as long as you don't get panic on the situation and would not dump your coins then you are not losing your money invested with bitcoins.

Majority will be mindful on getting on cheapest price as possible this is why they do keep questioning on whats the possible bottom or the cheapest one because it cant really be denied that majority will

really be aiming to sell on shorter time frame or simply wants to get profits in a short time and wont be tending to hold for that long.

Tell him about the risk and decide for his own and just try to tell about the basics of this market and how volatile bitcoin or crypto is and at least he's aware of that.

ultrloa

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Quote from: Robinson66 on July 26, 2021, 02:26:30 AM

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。

Every price what you see is good to begin with and I'm sure you wouldn't want to start buying bitcoin at $60k right? that figure is accumulated by bitcoin for the past couple of months so you should tell your friend to start take his position before the pump will continuously go on. I know we can see the down side but as long as you don't get panic on the situation and would not dump your coins then you are not losing your money invested with bitcoins.

AliMan

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Quote from: Robinson66 on July 26, 2021, 02:26:30 AM

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't stop other individuals to prevent selling while market is trying to rise after previous fall. Buying on the dip is a good decision to do right now, and for those friends and colleagues that we seeks advice from us I recommend them buying while market still taking a strong momentum. Don't worry about the giant whales, they're exactly controlling the market and we only ride on their path.

BuNga_cute

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Quote from: tippytoes on July 26, 2021, 06:33:41 PM

Quote from: carlfebz2 on July 26, 2021, 06:24:09 PM

Quote from: Robinson66 on July 26, 2021, 02:26:30 AM

~

Just let him be because high tendency that you would really get blamed if the price would go down.Its his money and if they are trying to ask out then just say that invest on the amount that they can afford to lose.

Its really hard to determine on whats the next target or movement of bitcoin.We hadnt seen able to see some sentiments but having this movement isnt something that remarkable or shocking.

Moving 5-10% is something what we called normal day here on crypto specially with bitcoin.It might have been moving sideways for a while but it could shoot up its price without knowing.

You can give piece of advice but the final decision should still be on your friend. Because whatever happens, you should not take the responsibility of his decision. It seems that they are pretty new on this market because they don't know what to do. And now, that they are seeing good movement in the market, they want to jump on board. But once it is going down again, they may blame you for telling them to buy. So don't give also false hopes, be realistic with things here.

Those of us who first dive into the crypto world should indeed educate our friends or our family to start buying Bitcoin. Because we want
the people closest to us to feel the benefits we have gotten from investing in Bitcoin. But the way to educate them should not be forced,
if other people want to take advice from us, the method must be good. We only need to give important points about Bitcoin, let our friends
or family learn more and make their own decisions. Because they also buy Bitcoins they must first understand what they are buying, don't buy
because they are following our advice. So when they buy Bitcoin and the price suddenly drops it won't blame us, because they already understand
how Bitcoin works.

tippytoes

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Quote from: carlfebz2 on July 26, 2021, 06:24:09 PM

Quote from: Robinson66 on July 26, 2021, 02:26:30 AM

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。

Just let him be because high tendency that you would really get blamed if the price would go down.Its his money and if they are trying to ask out then just say that invest on the amount that they can afford to lose.

Its really hard to determine on whats the next target or movement of bitcoin.We hadnt seen able to see some sentiments but having this movement isnt something that remarkable or shocking.

Moving 5-10% is something what we called normal day here on crypto specially with bitcoin.It might have been moving sideways for a while but it could shoot up its price without knowing.

You can give piece of advice but the final decision should still be on your friend. Because whatever happens, you should not take the responsibility of his decision. It seems that they are pretty new on this market because they don't know what to do. And now, that they are seeing good movement in the market, they want to jump on board. But once it is going down again, they may blame you for telling them to buy. So don't give also false hopes, be realistic with things here.

carlfebz2

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Quote from: Robinson66 on July 26, 2021, 02:26:30 AM

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。

Just let him be because high tendency that you would really get blamed if the price would go down.Its his money and if they are trying to ask out then just say that invest on the amount that they can afford to lose.

Its really hard to determine on whats the next target or movement of bitcoin.We hadnt seen able to see some sentiments but having this movement isnt something that remarkable or shocking.

Moving 5-10% is something what we called normal day here on crypto specially with bitcoin.It might have been moving sideways for a while but it could shoot up its price without knowing.

ene1980

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Quote from: Robinson66 on July 26, 2021, 02:26:30 AM

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.

I will not advice anyone to invest in anything because in the end they will blame us for the loss even if they make the blunders without letting us know when they are making a sell order and so on. There is no doubt that whales are controlling the market and the movement might be because of huge investments coming in after Musk opened his mouth.

Quote from: Robinson66 on July 26, 2021, 02:26:30 AM

Do you think that this kind of market should be forbidden to enter or continue to buy?
I suggest not to panic selling。

It is your choice, understand the risk and take your positions, every market is like that and if you are smart enough you will enter when the market is bleeding and not when the market is rallying.

BlackHatCoiner

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Quote from: Robinson66 on July 26, 2021, 02:26:30 AM

Although everyone is happy but also worried, is it going to fall again?

Are you asking if it'll ever go downwards again? Well, probably it shouldn't be increasing forever. That would be economically unhealthy.

Quote from: Robinson66 on July 26, 2021, 02:26:30 AM

Do you think that this kind of market should be forbidden to enter or continue to buy?

I think that you should understand that the whole thing is by its design highly fluctuating. If you want to be included in this market by the mindset that you'll get richer I recommend you think otherwise. If you're interested in the technology give it a shot and who knows! You may realize that it's not just an investment that makes people richer.

Westingcote

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Bitcoin continues to rise here is to hoping that it goes above 50k.

Review Master

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Quote from: Robinson66 on July 26, 2021, 02:26:30 AM

Do you think that this kind of market should be forbidden to enter or continue to buy?

Better option is DCA if you're not sure about the TA as i'm still bullish for short period of time until the crossover between 20 and 50 weekly MA is done. TBH, we could get into bear market if that crossover is done as we entered into bear market in previous bull seasons. One more thing, bitcoin will go up or down quickly because of whales or institutional investors. So, better watch out the support and resistance zone for short term trading. On the other hand, bitcoin is great for long term purposes, IMHO.

ShowOff

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Remember, don't buy because you're just afraid to miss "FOMO" because it's still possible that you will see that reality doesn't match what you expected. But buy when you already have a "technical or fundamental" analysis even though both will never guarantee a profit.

The fact is, bitcoin never goes up nonstop and you will see its price fluctuate all the time. I don't know how your friends feel after buying but the price is down, seem disappointing right?

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Quote from: Oshosondy on July 26, 2021, 05:21:27 AM

Well, I will tell you to be very patient because I am expecting the price to rise to $37000 and fall back, but it has risen to $38000. I am not expecting any bull run again for now, if you are a swing trader, I will not advice you not to put money for now, but if you want to hold, the price of bitcoin will still very much increase more that this recent price, but it can take long, this will be suitable for holders to invest now if they like.

Usually a beginner always buys and advises it in the long term, bitcoin when it is still high and stays $38k there are two possibilities to continue the bullrun or go down it can happen at any time, so I better watch the situation don't just watch because it goes up $3k in For a moment it becomes carelessness if we suggest buying, so it is better to correct ahead and see an analysis of how the chart is heading and this will usually see a little stronger sentiment.

Advice to a friend who is a beginner, buy save bitcoins then go.

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