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Topic: Do you reccomend family and friends to join the market when it's crashing? - page 16. (Read 2920 times)

member
Activity: 588
Merit: 10
Minter
I do not discuss the crypto currency market with my family or friends. Everyone has his own opinions and I will not impose my own.
newbie
Activity: 118
Merit: 0
If it is their own will to invest in crypto then why not? As long as they understand the risks and they are willing to invest long term, i would gladly welcome them to crypto business.


Recommending to a family or friends when the market is crashing is more challenging because we need to prove them that what we share is true. This state will help you identify who trust you well. Most people  are very skeptical that they want proof. But it is good to recommend them once the price recover.
newbie
Activity: 70
Merit: 0
nah. They make you responsible if they incur losses. and some people invest what they can not afford to lose.
sr. member
Activity: 1092
Merit: 271
Better not recommend really, even if the market is in a good shape, i personally would not recommend so to say.

I'd rather discuss with them. Try to explain the basics and how it could prove to be beneficial being in the world of crypto. Cite factual statistics and convey to them possibilities.

Yet, at the end of the day, i would rather they choose to engage in cryptocurrency on their own, with their own set of convictions. That way, there's no blaming anyone.
jr. member
Activity: 336
Merit: 5
Most Advanced Crypto Exchange on the Blockchain
I would only say that i am investing and leave it up to them to make that decision. You don't want to be the person who is responsible for someone losing their life savings, even if buying now is a great investment. I don't know how scammers live with themselves
hero member
Activity: 854
Merit: 500
Why not? This is the good time to explain that this crypto market will possibly fall like what is happening right now. That this technology is unstable so we have to cook up always with the situation. Our family and friends will now understand that this crypto thing is risky but should give a time to understand it well.
even though the price are very low because of the crashing. i can't take the risk to involved my family here. it is just enough if me only. even i take the risk at full point i have an back up because my family doesn't involved in this kind of thing. i mean i'll have my family and if i loss of my money i just need to borrow to them and make a new investment
member
Activity: 630
Merit: 20
Why not? This is the good time to explain that this crypto market will possibly fall like what is happening right now. That this technology is unstable so we have to cook up always with the situation. Our family and friends will now understand that this crypto thing is risky but should give a time to understand it well.
newbie
Activity: 180
Merit: 0
I will not recommend family and friends to join  the market when it's crashing... Because I think prices are still down and it's not good for finance... Because we can get a price higher than that, what we need is to wait patiently until the price returns to normal... And only after the price returns to normal, I will recommend to my family and friends..
full member
Activity: 650
Merit: 100
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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.
Well probably i will share it to my family,friends and colleagues but i will tell them the votality of the market were always there and they should know the risk in investing.Bearish market are the best time to invest because bitcoins and altcoins have lower value but first they must know and understand how cryptocurrency works.
member
Activity: 322
Merit: 20
Yes i will still recommend the to my family and friends because I believe that bitcoin will really rise soon. So then even if it is now crashing the bitcoin will still rise soon and maybe if we can't control our self today and we do panic selling we can maybe lose in the near future during the bull run begin.
I agree on that, I believe that after all of this dip. We can still gain on bitcoin when the price e up high. But as of this time we really need a big patience due to the huge dip that we are now experiencing. Because if we don't have patience on this dip we can maybe loss a huge amount of profit i n the next few weeks Or maybe month because the price may rise anytime.
sr. member
Activity: 1009
Merit: 328
Yes i will still recommend the to my family and friends because I believe that bitcoin will really rise soon. So then even if it is now crashing the bitcoin will still rise soon and maybe if we can't control our self today and we do panic selling we can maybe lose in the near future during the bull run begin.
jr. member
Activity: 266
Merit: 1
I only try to encourage or influenced those who truly believe in bitcoin and who truly understand it. People who have no trust and doesn't understand bitcoin whom you influenced will only blame you if they fail or lose their money. It is much better to let them understand what they are about to get themselves in to before influencing them into investing or buying bitcoin.
hero member
Activity: 2884
Merit: 579
Hire Bitcointalk Camp. Manager @ r7promotions.com
I never recommend anyone to make any specific investments. If it turns out badly, they are going to blame you.
This is the possible outcome whether they will investing with your encouragement and recommendation. At first, they are going to be optimistic but once they see no progress and the market plunges quickly without any sign of stopping then who to blame? finger will be pointed at you who's the one that introduced to such investment. I've learned from my own experience and will never do it again.
full member
Activity: 714
Merit: 100
Absolutely not, we hardly convince them to join when the Crypto market is in peak how much more if the market is falling. We need to show them our proof that we are earning with our hard effort in Crypto therefore it is not good idea to convince them while the market performance is very ugly to see.
newbie
Activity: 72
Merit: 0
You know the foremost common question i purchase asked is, "Please let American state apprehend once the value drop, as a result of i would like to shop for in once the value is at it's lowest" in order that they solicit from me to inform them once the value is low, as a result of they are doing not monitor the value on a daily basis.

Just confirm you justify the professionals & cons to them and highlight that Bitcoin investments may be a terribly high-risk investment. once you've got done that and that they comply with take full responsibility for his or her own actions, then you'll advise them on once the correct time for getting is.
jr. member
Activity: 340
Merit: 1
No i will not because if they failed, its my fault convincing our friends and families to join while bitcoin is crashing iy is a wrong advice. We do not know when it crash or when its get up the price me , you is enough dont convince your friends it can cause heartbreak if you allow them join when its going down.
newbie
Activity: 94
Merit: 0
Family and friends are investors. Investors don't come out of the month, but they live with us and when the price goes down it should make the right momentum to look for a window to jump in.

Of course, I can advise investors who are interested in investing at a lower price so that they have a better chance of starting to profit when the market increases. Thanks
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
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.
No I will never recommend this to my family or friends, the explanation is not really complex you need to understand that many people that invested in cryptocurrencies knew a thing or two about it and yet as soon as the market began crashing hard they sold their coins even if they knew deep down in their minds that doing that was one of the greatest mistakes of their lives,

What do you think is going to happen when a person that doesn't really know a lot about this market invests in it and then finds himself in a situation in which he is losing a significant portion of his portfolio in just a single night? They're going to sell, they're going to lose money and since I love my friends and family I do not want them to go through that.
jr. member
Activity: 364
Merit: 1
the business gets more interesting when there is a dip. investors that knows how the business works take advantage of every dip and populate their portfolio of cryptocurrency and hold till the price appreciates because it always goes almost one hundred percent when it wants to gain flight in value. so i advice family and friends to take a dive when its in a dip. thanks
newbie
Activity: 84
Merit: 0
Everyone who is involved in cryptos should be aware of the risks involved, when I introduce a friend or family member to it , I also warn them that there is a chance of further fall in price
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