Can I recommend a friend to buy Bitcoin now? - page 21.

Semar Mesem

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Quote from: Westingcote on July 26, 2021, 09:07:42 AM

Always recommend them Bitcoin but do not force them to buy let them make their own decision based on the merit of Bitcoin alone and not because of the price try to tell them this when you are recommending it to them.

Exactly, as good friends of course we want to share profits, bitcoin has proven to be the best investment solution so recommending it to family, friends and people we know is a very good thing.

Dhaniii

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Quote from: Robinson66 on July 26, 2021, 01:26:30 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。

current conditions are still very good to buy, because bitcoin will continue to improve. afraid of falling in price, don't buy and try to join cryptocurrency, because the market is full of risks.
cryptocurrency is not a place for mentally weak people, afraid of falling, and afraid of losing.

Westingcote

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Always recommend them Bitcoin but do not force them to buy let them make their own decision based on the merit of Bitcoin alone and not because of the price try to tell them this when you are recommending it to them.

NeuroticFish

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Quote from: Robinson66 on July 26, 2021, 01:26:30 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?

Short term emotion-based trading is the sure recipe for losing money, really.

Quote from: Robinson66 on July 26, 2021, 01:26:30 AM

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。

Indeed, if one affords to buy (i.e. has money at hand he affords to lose), buying looks as a good option. Maybe a short look at DCA (dollar cost averaging) would also be of help. And Bitcoin price should rise, eventually (whether in days, weeks or years).
However, I would never suggest anyone to buy or sell; one has to decide for himself what he does with his own money.

Also if your friend intend to HOLD Bitcoin, learning its basics is a must, especially wallet safety; acquiring a hardware wallet may be also a good idea.

Clairvoyance

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Perceiving events in the future and beyond

Quote from: Robinson66 on July 26, 2021, 01:26:30 AM

Bitcoin is now rising, and it has jumped by 3k in less than 10 minutes.

Sudden price gain should not be your major deciding factor when jumping on the crypto-train. It is about long-term investing accompanied by actual learning. If one couldn't even begin to understand the basics then he will just surely lose.

Quote from: Robinson66 on July 26, 2021, 01:26:30 AM

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

If I can pin-point the exact time and date of when the price goes up and down then I will be raking cash in no time. However, one doesn't simply predict the trend but surely there are "supports" and "threshold" for certain price levels.

Conclusion:

1. Don't invest out of emotion.
2. Learn the basics.

Furious 7

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Don't just be provoked because FOMO we don't know if this will be a correction after the pump in today and usually they will throw it back to buy it so I think more wait and don't just watch when the pump is bought it can be one of the traps because of FOMO.
I prefer because I have stocked earlier than the specified price so I will now withdraw profit from the 38k figure I don't know in the future, for me this will still be a correction after this so we still have to pay attention to the market.

zanezane

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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.

LoyceV

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Quote from: ?? on ??

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.

Oasisman

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Quote from: Robinson66 on July 26, 2021, 01:26:30 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。

Whales are everywhere not only in crypto space, they're always present in any form of investments and yeah they want to control the market but the reality is that they can't have the control over the market.
Your friend is FOMOing without even understanding how crypto market works, and that's considered as a wrong step of investment.
I've seen several new comers in crypto space who fail to make a profit because they're rushing to invest when the market is in an upward trend.
There's no wrong entry point in buying Bitcoin If you did your due diligence before putting your money.

cryptomaniac_xxx

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Activity: 1344

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Quote from: Robinson66 on July 26, 2021, 01:26:30 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。

It's really hard to give financial advise, believed me, been there that done.

What you can do is to explain to your friend that it is not a get rich quick scheme. The price is very volatile that in just matter of minutes you will see your portfolio going down and it will cause your friend panic for sure. It is not forbidden to enter the market and buy, it is the risk associated with it. And tell him in case he is willing to buy right now, "invest what he/she can afford to lose" in this market.

Oshosondy

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Gamble responsibly

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.

darkangelosme

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Quote from: Robinson66 on July 26, 2021, 01:26:30 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

.

pooya87

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No please don't.

Bitcoin is not an investment and you shouldn't tell people to buy bitcoin because its price may go up. You should first learn about bitcoin yourself and see what the one and only decentralized currency in existence offers then if you liked the technology and had some basic understanding of it then introduce it as a currency to others who seek financial sovereignty.

kotajikikox

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Quote from: Robinson66 on July 26, 2021, 01:26:30 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?

If We know this coming ? surely we will sell all our Bitcoin now and buy again when it grows but we don't mate and none can answer that clearly.

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 what to do when you are nothing different from newbies here? you are buying the words from comments here about manipulation when you dont even understand what does it mean?

Lucky your friend did not listen to you because for sure he will regret that in time, Bitcoin will increase more than what you expected trust me.

Quote

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

This market is only for tough people that does not Weak in mind and heart, and giving advice not to panic but he Himself shows to be a panicking .

Robinson66

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Activity: 140

Merit: 12

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。

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