Do you reccomend family and friends to join the market when it's crashing? - page 12.

fokinflor

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Quote from: jonathan6655321 on September 09, 2018, 03:58:26 AM

Do you recommend family and friends to join the market when it's crashing?
We pray for the prices to go up and to more people join the market, but will you recommend someone close to you to join when the prices are dropping like crazy?

If you do, explain why.

I usually do recommend my friends whenever bitcoin's rate is hitting down the earth stating "Its right time to throw in some money and double it up in few months".

Rooster101

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They should educate themselves first on basic cryptocurrencies before I recommend them to join or investing in the crypto market. But I won't urge my relatives or friends on joining the market while the crash is ongoing because the price is not stable yet and it may further go down. Newbies have the tendency to panic when they see the market crashing so it is to wait for the price to find its bottom first before buying.

CryptoRating

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Quote from: Legendari on September 19, 2018, 02:48:21 PM

I don't think investing when the whole market collapses is the best idea. IMHO

This^^

Legendari

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I don't think investing when the whole market collapses is the best idea. IMHO

wnfakind

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I have, got a few people into it in the past two months. Figured this is a good entrance point for them. They've been doing their own research and I've been trying to help fill in the gaps as much as possible. This crashing is just another good reason to buy more and stock up before it's a little to late to find a decent entry point unless you're loaded already. Try to casually talk about blockchain and cryptocurrencies to encourage people to take a look into it.

Nanagyasi

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What time again would you prefer to recommend crypto to your family???
When the price is at ATH?? Definitely not. A good knowledge in crypto should tell you the best time to enter into the market is when the value has fallen in order to maximise profit.

Pyr3x

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Yes, many of my friends are interested in my bitcoin activity and also want to join it. I recommended them to wait for the price decline, and here it came, so now three of my friends have invested their money in bitcoin.

drukoz2

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Of course I recommend it, I do it all the time. And now is a great time to start investing, as the prices are low. I believe in cryptocurrencies, and I say this to my friends. And they trust me and also joined the investment now.

Rkss4

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Yes I assure my younger brother is that when market is dumping and cheaper you may buy some altcoins and bitcoin issues that when market is bright green then you will get more profits.

KonstantinosM

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Life is a taxable event

Well, if your recommendation is wise, there will be no problems.

If your recommendation is to sell their house and buy bitcoin because this f...er is going to the moon in 2 years, then you will have problems in 2 years. Most likely.

My recommendation is for them to buy a small amount during the dip so they can get to play with it and potentially get a discount on it.

My only real investment recommendation was to buy in at $8... No-one listened. It was "too expensive".

T o x i c a l

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SCARCITYDEFI.ORG

Quote from: jonathan6655321 on September 09, 2018, 03:58:26 AM

Do you recommend family and friends to join the market when it's crashing?
We pray for the prices to go up and to more people join the market, but will you recommend someone close to you to join when the prices are dropping like crazy?

If you do, explain why.

I have not been trying to be someone who predicts or suggests something for a long time. In order to do this, you need to have full information about the current state of the market. And I do not have this.

Ryker1

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Eloncoin.org - Mars, here we come!

Quote from: uozer on September 19, 2018, 09:25:00 AM

Yes, I can. But this shall be a family member that has very deep understanding and basic knowledge of investment. Because investing at Dip gives you bunch opportunity to reap at Bull at the long run.

Indeed, I'll still convince my friends and family to join the market even though it's crashing since it's a perfect time for them to buy in, just like you said there should be a basic knowledge when it comes to investment, it would be better if they have that, but if they don't it's still enough to convince them. You'll also guide them though that's why it's still okay.

RomertL

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I think that it is not a good choice to recommend something for your friends. For me it is unacceptable to recommend so risky things. Unless they will ask you about this.

Sponsoredby15

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Quote from: jonathan6655321 on September 09, 2018, 03:58:26 AM

Do you recommend family and friends to join the market when it's crashing?
We pray for the prices to go up and to more people join the market, but will you recommend someone close to you to join when the prices are dropping like crazy?

If you do, explain why.

I will not suggest to encourage your love ones to join crypto space unless they have already learn the basic of cryptocurrency and how the market works. If you do that the tendency is they will blame you if their investment suddenly depreciate.

satria33

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Explaining to family and friends that the crypto world like this, has a very high risk of losing what we have. and Not only teaches that this is an asset, but this is a trade that can make a profit.

uozer

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PRiVCY

Yes, I can. But this shall be a family member that has very deep understanding and basic knowledge of investment. Because investing at Dip gives you bunch opportunity to reap at Bull at the long run.

Ale88

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Catalog Websites

Quote from: jonathan6655321 on September 09, 2018, 03:58:26 AM

Do you recommend family and friends to join the market when it's crashing?
We pray for the prices to go up and to more people join the market, but will you recommend someone close to you to join when the prices are dropping like crazy?

If you do, explain why.

It's a hard decision. The main problem is to make them understand that they should buy when the market is going down, not when it's going up, and there is a lot of psychology behind that, because we/they should behave on the opposite way the would normally act.

Zufox

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no, definitely not now. investing in the cryptocurrency market is a risk. I'm willing to take risks because I believe in cryptocurrency,but I don't want to take responsibility and convince that the market will grow significantly.

AliMan

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Vave.com - Crypto Casino

Quote from: BitRewardsTeam on September 19, 2018, 07:22:08 AM

If they are really interested in this sphere than why not. Just don't promise them instant and easy profit. Crypto is a long-term investment (as any investment)☝. Never invest in crypto more than you can afford to lose.

Honestly, I don't recommend to anyone about cryptocurrency because, I don't want to be blame when there's something not good happen once they invest to it. But I telling them where I get my money, and some of them are interested then they asking me how to be part of cryptocurrency world. And I telling them what I know but I let them to choose what coin they going to buy. I give an information if they asking me only like when to buy and what the right thing to do.

BitRewardsTeam

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If they are really interested in this sphere than why not. Just don't promise them instant and easy profit. Crypto is a long-term investment (as any investment)☝. Never invest in crypto more than you can afford to lose.

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