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Topic: Can I recommend a friend to buy Bitcoin now? - page 8. (Read 4152 times)

legendary
Activity: 2660
Merit: 1141
Trading technique by making gradual purchases (averaging Down) is one way to buy when the market is experiencing a correction and there is a continuous decline without us knowing where the lowest point of the price decline will stop, this strategy is indeed quite capable of getting a small percentage profit, because we will have different purchase price variations, but in my opinion, for traders who have small capital like me, of course it will be very difficult to capture prices when there is a decline due to limited capital, I personally would probably wait for the market price to reach its lowest point before entering to buy in the market.
There are many other trading strategies you can learn and use to maximize your profit potential. I don't think you have to stay focused on the lows to buy because in reality you can't tell when the lows will occur.

The strategy you are using may have a downside where you have to buy at a lower position to cover your previous losses due to the price drop while you expect a recovery when the price starts to rise. It's much better to invest than to like trading because you can still apply an accumulation strategy whenever you have capital. It doesn't take much, but 20% of your monthly income probably won't make much difference. Of course this is not financial advice, just do what you want and don't exceed your ability to lose.





legendary
Activity: 3094
Merit: 1127
Currently, the bitcoin price is still correcting since a few weeks ago, where the bitcoin price is still at the $46k price level. So, if your friends want to come in and buy bitcoins, I think can start buying gradually. Therefore, my advice, don't to go all-in in the current price area, because there is still a possibility that bitcoin will drop past the current $46k price area to $43k.
Although the market is unpredictable but in the first quarter of the year it is very likely the market will fall below $40k so it is better to wait for the market to stabilize for gradual buying, but if trading for scalping mode it will be very useful to make profit when the green candle moves after the market correction.
Right. I agree with trading methods like yours. If the bitcoin price breaks below $40k later, then we can wait to buy in the support area. On the other hand, if the price breaks above it can be partially sold to make a profit.
Trading technique by making gradual purchases (averaging Down) is one way to buy when the market is experiencing a correction and there is a continuous decline without us knowing where the lowest point of the price decline will stop, this strategy is indeed quite capable of getting a small percentage profit, because we will have different purchase price variations, but in my opinion, for traders who have small capital like me, of course it will be very difficult to capture prices when there is a decline due to limited capital, I personally would probably wait for the market price to reach its lowest point before entering to buy in the market.
Applicable into those people who do have money or funds to invest on but we know that not all would really be that capable of doing on because funds would really be just limited most of the time
which simply means that DCA couldnt really be applied most of the time unless if you do able to do so then it would really be ideal but of course it will really vary on which coin you would investing on.
Always mind off about the risks because you wouldnt know on what comes next and speaking of recommendation then of course you  could able to do so
but never ever do make out some guarantees that your friend could make out some profits.
sr. member
Activity: 1372
Merit: 275
Currently, the bitcoin price is still correcting since a few weeks ago, where the bitcoin price is still at the $46k price level. So, if your friends want to come in and buy bitcoins, I think can start buying gradually. Therefore, my advice, don't to go all-in in the current price area, because there is still a possibility that bitcoin will drop past the current $46k price area to $43k.
Although the market is unpredictable but in the first quarter of the year it is very likely the market will fall below $40k so it is better to wait for the market to stabilize for gradual buying, but if trading for scalping mode it will be very useful to make profit when the green candle moves after the market correction.
Right. I agree with trading methods like yours. If the bitcoin price breaks below $40k later, then we can wait to buy in the support area. On the other hand, if the price breaks above it can be partially sold to make a profit.
Trading technique by making gradual purchases (averaging Down) is one way to buy when the market is experiencing a correction and there is a continuous decline without us knowing where the lowest point of the price decline will stop, this strategy is indeed quite capable of getting a small percentage profit, because we will have different purchase price variations, but in my opinion, for traders who have small capital like me, of course it will be very difficult to capture prices when there is a decline due to limited capital, I personally would probably wait for the market price to reach its lowest point before entering to buy in the market.
sr. member
Activity: 2618
Merit: 439
Currently, the bitcoin price is still correcting since a few weeks ago, where the bitcoin price is still at the $46k price level. So, if your friends want to come in and buy bitcoins, I think can start buying gradually. Therefore, my advice, don't to go all-in in the current price area, because there is still a possibility that bitcoin will drop past the current $46k price area to $43k.
Although the market is unpredictable but in the first quarter of the year it is very likely the market will fall below $40k so it is better to wait for the market to stabilize for gradual buying, but if trading for scalping mode it will be very useful to make profit when the green candle moves after the market correction.
No don't do that to invest in crypto when the market is stable? that is not worth a try and to profit because we are buying to gain and the  perfect timing is when we are buying at the situation when market is falling or in dump because this will followed by increasing though may take some time at least the chance to profit is there compared to when you are waiting for the stable market because that would be in the middle of dump and pump.
if you know the market then you understand when to buy and when to sell .
member
Activity: 382
Merit: 12
Axioma Holding - Axioma Pay Crypto Card
Currently, the bitcoin price is still correcting since a few weeks ago, where the bitcoin price is still at the $46k price level. So, if your friends want to come in and buy bitcoins, I think can start buying gradually. Therefore, my advice, don't to go all-in in the current price area, because there is still a possibility that bitcoin will drop past the current $46k price area to $43k.
Although the market is unpredictable but in the first quarter of the year it is very likely the market will fall below $40k so it is better to wait for the market to stabilize for gradual buying, but if trading for scalping mode it will be very useful to make profit when the green candle moves after the market correction.
Right. I agree with trading methods like yours. If the bitcoin price breaks below $40k later, then we can wait to buy in the support area. On the other hand, if the price breaks above it can be partially sold to make a profit.
legendary
Activity: 3122
Merit: 1140
Currently, the bitcoin price is still correcting since a few weeks ago, where the bitcoin price is still at the $46k price level. So, if your friends want to come in and buy bitcoins, I think can start buying gradually. Therefore, my advice, don't to go all-in in the current price area, because there is still a possibility that bitcoin will drop past the current $46k price area to $43k.
Although the market is unpredictable but in the first quarter of the year it is very likely the market will fall below $40k so it is better to wait for the market to stabilize for gradual buying, but if trading for scalping mode it will be very useful to make profit when the green candle moves after the market correction.
Decreases like this is very common yet there would be always a correction after some certain pump and this is should how people be looking on this scenario on which there would be only two possible ways which is to

go down and go up which means as a trader or investor then you would really be seeing these times as an opportunity to get in if you do really maximize possible profits but knowing about bottom is something

and impossible thing for someone to do so thats why we do keep on speculating and risking out as always due to unpredictable behaviour of the market then this isnt something easy.
sr. member
Activity: 546
Merit: 250
Currently, the bitcoin price is still correcting since a few weeks ago, where the bitcoin price is still at the $46k price level. So, if your friends want to come in and buy bitcoins, I think can start buying gradually. Therefore, my advice, don't to go all-in in the current price area, because there is still a possibility that bitcoin will drop past the current $46k price area to $43k.
Although the market is unpredictable but in the first quarter of the year it is very likely the market will fall below $40k so it is better to wait for the market to stabilize for gradual buying, but if trading for scalping mode it will be very useful to make profit when the green candle moves after the market correction.
member
Activity: 382
Merit: 12
Axioma Holding - Axioma Pay Crypto Card
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。
Currently, the bitcoin price is still correcting since a few weeks ago, where the bitcoin price is still at the $46k price level. So, if your friends want to come in and buy bitcoins, I think can start buying gradually. Therefore, my advice, don't to go all-in in the current price area, because there is still a possibility that bitcoin will drop past the current $46k price area to $43k.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
It's okay to recommend investing if you know what the purpose of investing is. If your friend wants to invest long term in bitcoin then you should not be afraid to recommend him to start now even if the market is trending down.

Yes, if the person knows what to do with his investment, this bearish market is the best timing for him to buy and hold, better to educate what are

the possibilities before you recommend this investment.

Quote
I assume bitcoin could grow to be more valuable than it is now in the future or at least in the next 4 years where we have seen evidence that bitcoin can hit ATH after halving. Although there are no guarantees, this has happened many times in its history, so tell him that bitcoin has good potential as a long-term investment and tell him about the risks of this investment.

We can't foretold the future, but with how things went up to now. I also believe that the market will bounce and rise for more in the future.

It's more on people who are inside this market to project their target value.
legendary
Activity: 2660
Merit: 1141
Currently the market conditions are likely to move downwards and most likely in the near future there will be a bear market. in other words recommending our friends to buy at this time is not the right decision because you can feel very guilty when your friend suffers a loss due to a bear market. there is no guarantee that market conditions will recover quickly as in mid-2021 because there are times when the bear market lasts quite a long time like 2018.
It's okay to recommend investing if you know what the purpose of investing is. If your friend wants to invest long term in bitcoin then you should not be afraid to recommend him to start now even if the market is trending down.

I assume bitcoin could grow to be more valuable than it is now in the future or at least in the next 4 years where we have seen evidence that bitcoin can hit ATH after halving. Although there are no guarantees, this has happened many times in its history, so tell him that bitcoin has good potential as a long-term investment and tell him about the risks of this investment.
full member
Activity: 1442
Merit: 108
Currently the market conditions are likely to move downwards and most likely in the near future there will be a bear market. in other words recommending our friends to buy at this time is not the right decision because you can feel very guilty when your friend suffers a loss due to a bear market. there is no guarantee that market conditions will recover quickly as in mid-2021 because there are times when the bear market lasts quite a long time like 2018.
sr. member
Activity: 1778
Merit: 309
-snip-
You must remind that everyone can predict the next phase in crypto market, but no one can guarantee it. So, you don't be confused with their prediction. Just focus on your own target, if it seems enough, just takes the profits. Even in theory crypto still has a chance to increase significantly again, but it may not happen as expected. Too risky if you rely on the next pump to take profits, I suggest you not be influenced by sweet predictions.

I think what you are saying is very relevant to what is happening today. everyone can easily predict it. but it is very difficult for people to think or control their passions. People are so easily swayed by sweet predictions that they don't do it unless they lose their money. Hopefully not tempted by big profits, take a little profit but sure.
That's exactly why you have to trust your own instincts because your plan and their plan is different on how you envisioned your target. I mean, it's okay to have a 2nd opinion on other's perspective but that doesn't mean that you have to rely on theirs and not yours So, if you if you feel that it's time to harvest some gains now then do it now because we don't really what would really happen soon. It's very easy to speculate but it's not guaranteed to happen exactly what we've envisioned along the road, so it's might as well and much better to have some plan B as we don't know the market's next move. Just trust your decisions because that's exactly the reason why you planned in the first place.
sr. member
Activity: 2366
Merit: 305
Duelbits - $100k Bonus/week
Yes, Kindly do so if they are really interested and is ready to face the market's fluctuations. Lets not encourage them to borrow and invest in. Support them to choose the right coins, minimum 5 best cheap coins. Let him learn the trade Technics and yes practically learn trading. Many wish to invest seeing their friends gaining profits from a particular coin. Inform them how and when the market reacts. Let them start with few hundred dollars. When they are much confident by themselves, let them move forward. 
full member
Activity: 440
Merit: 101
$CYBERCASH METAVERSE
-snip-
You must remind that everyone can predict the next phase in crypto market, but no one can guarantee it. So, you don't be confused with their prediction. Just focus on your own target, if it seems enough, just takes the profits. Even in theory crypto still has a chance to increase significantly again, but it may not happen as expected. Too risky if you rely on the next pump to take profits, I suggest you not be influenced by sweet predictions.

I think what you are saying is very relevant to what is happening today. everyone can easily predict it. but it is very difficult for people to think or control their passions. People are so easily swayed by sweet predictions that they don't do it unless they lose their money. Hopefully not tempted by big profits, take a little profit but sure.
sr. member
Activity: 1498
Merit: 443
-snip-
You must remind that everyone can predict the next phase in crypto market, but no one can guarantee it. So, you don't be confused with their prediction. Just focus on your own target, if it seems enough, just takes the profits. Even in theory crypto still has a chance to increase significantly again, but it may not happen as expected. Too risky if you rely on the next pump to take profits, I suggest you not be influenced by sweet predictions.
legendary
Activity: 3094
Merit: 1127
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。
But now stays at least steady at 50k for whole day , christmas day boost the price but I don't think that this will last long.

it has been the whales is tricking weak and greed investors again to be put in trap before the year ends.

there are so many desperate people here that expect another ATH before this 2021 ends and this is what the whales taking as opportunity to bag money.
The price had somewhat stabilized on these levels which it is honestly that hard to determine on which would be its possible movement specially now that we are approaching new year.
Its really not surprising that it hadnt really make out some significant move on this last month of this year but we cant be sure if it wont really be making one on
next years to come and it will always vary with market demand and the activity of those big traders specially whales who do always stir
up on the market.Making out some suggestions into a friend isnt a bad idea as long you do explain also to them about the basics and the risks.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
As we don't know where will bitcoin go next, it is better to review first your goals here.
Are you here for short term or long term? Because the next steps will depend on your decision here.
For short term, you need to be always updated with the market so you will not sell it at a loss.
Whereas, if long term, you can always accumulate more once the price is going down.
Because if you are here for long term, it means, you believe that bitcoin has good future.

Yes precisely and well said mate, the market of bitcoin today is cannot be determined if we are already in the bear season because the resistance of the price is strongly standing at $45k above, now, it sits at $50k and the thing is we don't know how long will the $50k stays or if it would going up or down, no one can tell about it. Actually, I am also one of the investors that looking forward to the another ATH of bitcoin however, I am already in condition to hold my bitcoin in long term investment but for those who are just aiming for short term investment, I can't say if this is the perfect time to recommend a friend or to decide to buy bitcoin.

If you already have that plan holding your asset and wait for your target range, you are more likely benefits from your investment,
we all know how good this business base from the past market movement, we all just need to take our assessment and do our research
before we conclude or before we choose our path.

The direction of the market still unpredictable. Currently we see good bounce short traders who bought from last week dumped
Can easily grab their profits now. Cool Wink

hero member
Activity: 2170
Merit: 530
As we don't know where will bitcoin go next, it is better to review first your goals here.
Are you here for short term or long term? Because the next steps will depend on your decision here.
For short term, you need to be always updated with the market so you will not sell it at a loss.
Whereas, if long term, you can always accumulate more once the price is going down.
Because if you are here for long term, it means, you believe that bitcoin has good future.

Yes precisely and well said mate, the market of bitcoin today is cannot be determined if we are already in the bear season because the resistance of the price is strongly standing at $45k above, now, it sits at $50k and the thing is we don't know how long will the $50k stays or if it would going up or down, no one can tell about it. Actually, I am also one of the investors that looking forward to the another ATH of bitcoin however, I am already in condition to hold my bitcoin in long term investment but for those who are just aiming for short term investment, I can't say if this is the perfect time to recommend a friend or to decide to buy bitcoin.
member
Activity: 1162
Merit: 58
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。
But now stays at least steady at 50k for whole day , christmas day boost the price but I don't think that this will last long.

it has been the whales is tricking weak and greed investors again to be put in trap before the year ends.

there are so many desperate people here that expect another ATH before this 2021 ends and this is what the whales taking as opportunity to bag money.
STT
legendary
Activity: 4102
Merit: 1454
In the most eternal friend buying stakes, the dial is turned to certainly reasonable but not for sure.   Its not yet a breakout scenario imo but a very positive bounce to consider.   Higher lows make for a brighter outlook and following a moving average upwards.    The uncertain dilemma would be that during holidays for some and this weekend for all the price must meet an area of decline where it first halted before descending lower.   
  We have recovered the worst of the losses during December but must not continue positively past the 52k area to seal those gains as solid not temporary fluctuations.  If it hesitated here on the way down, it can easily be a ceiling on the way up.
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