Topic: Will You Advise Newbies To Enter Bitcoin Now? - page 13. (Read 34385 times)
It depends on that person, i introduce arbitrage trading to one of my friends on ETH when its over 1k range, thus he suffered some losses on unexpected downturn. Its purely speculative and the best i can do i do give some advice about the nature of market and how to react over it. Bitcoin is somehow a investment option concept for them and there nothing wrong with that. Newbie that have 0 knowledge about bitcoin yet still have some basics over trading skill can still make a buck. IMO everyone should have a clear idea of what blockchain/crypto can deliver to the world before making any financial decisions.
When I advise newbies about bitcoin, I will not tell you the portion of the profits that indeed it has become a boom that the price continues to rise, newbies need to also know the risks that they face when choosing to invest in bitcoin, and give them an understanding ready to lose all the capital they have so that they have a good trading psychology when taking a market position.
In August 2018, when Bitcoin was $5000, I told a big investor "bitcoin will come down to $3000 and then you buy it".
Bitcoin came down to $3000 but the big investor disappeared.
Can you name this big investor? is he/she well known in any industry or that person is low key but you know that he/she is such a big investor. Bitcoin came down to $3000 but the big investor disappeared.
I don't advise people anymore who has a total of zero knowledge, as in even the most basic things about bitcoin. Tendency of being blamed when the market falls is high.
No financial or convenience expert or investor can confirm whether to buy bitcoin because its price depends on the volatility of the world. The decision to buy bitcoin at the moment is entirely dependent on investors' decision-making power.
Now i cannot advice anyone to enter Bitcoin as In my country now they have impose ban and the law has been forming strictly, Crypto currency users will be punished if found. So cryptocurrency using is illegal now in my country.
In August 2018, when Bitcoin was $5000, I told a big investor "bitcoin will come down to $3000 and then you buy it".
Bitcoin came down to $3000 but the big investor disappeared.
Bitcoin came down to $3000 but the big investor disappeared.
of course yes why not specially if they are really interested about cryptocurrencies
well along side with giving advice you have to explain why did you give such and the catch in the market flow
and you still have to guide them with all the knowledge that you can share to help them with their journey
well along side with giving advice you have to explain why did you give such and the catch in the market flow
and you still have to guide them with all the knowledge that you can share to help them with their journey
Why not? Price is still worth to invest. it looks like this year will be much more better than 2018.
Actually the year 2018 is the best time to advice a newbie to enter the crypto scene because last year all the price of cryptos are all down but this year their value are now recovering however you cant still insist to invite them because some cryptos are still not really expensive and there is still a chance that they can go down more . IMO, the investment must be done when the prices have stabilized. If you make your investment when the prices are going down, then in the short-term you may incur significant losses. So I would say that right now it is the best time to make a fresh investment in cryptocurrencies (either medium-term or long-term). The block reward halving is less than a year away and we can expect a boost from that event in 2020.
Also, investing a part of the capital in altcoins such as ETH and BCH can be a good option. These coins are trading much below their ATH, and at current levels they are looking very attractive. Cardano, Monero and XLM are some of the coins that can be purchased now, but they are very volatile when compared to ETH and BCH.
Why not? Price is still worth to invest. it looks like this year will be much more better than 2018.
Actually the year 2018 is the best time to advice a newbie to enter the crypto scene because last year all the price of cryptos are all down but this year their value are now recovering however you cant still insist to invite them because some cryptos are still not really expensive and there is still a chance that they can go down more . 
Everyone If it goes to $6k or below but in the long-term, it will go up. has his own point of view about BTC but I think BTC is really good for investment. As we know blockchain is a newly developed industry and capital is also increasing. If you compare BTC capital from 2016 to 2019 you can see a huge difference as long as capital keeps increasing we will have more chances that it will go up. It already makes a high last year around $20k which will be it's the first target, for now, just keep it buying on dips. So, the bottom line is investing in BTC is the wise and right choice because the world is moving forward to the new era of digital currency.
You are very optimistic on bitcoin and that is the kind of attitude that is needed to keep the bulls from roaring its head though we could not also close our eyes with the things going in the real market. Yes, every dip is a big opportunity to buy more and hodl. Hopefully, we can see bitcoin soon hitting the $10,000 zone and beyond.
do you know that the bottom right now?
Why not? Price is still worth to invest. it looks like this year will be much more better than 2018.
maybe now it's good to invest in a trade that is starting to improve. for beginners maybe the price of bitcoin is now starting to be high but I don't think bitcoin will fall again under $ 5000. This will be an advantage if they will enter during this season but after entering, they must know all the crypto basics so they can get results from the market
Anyone can come into the bitcoin industry, it is the revolutionary idea by satoshi for the world people.
But do not get into trading or mining kind of things before because without experience nothing will be benefitable for you.
Every newbie should utilize this kind of forum and make the exposure about many things here.
But do not get into trading or mining kind of things before because without experience nothing will be benefitable for you.
Every newbie should utilize this kind of forum and make the exposure about many things here.
Its a good time for short time traders.In these days market show Zig-Zag mode(up and down up and down)You can get a close entry and close with with profit.But if you buy bitcoin for longtime.Newbies wait a little bit.There is a chance to dropped in 5K area.Until that get to know about bitcoin.If you know behavior of bitcoin,It would be easy to make profits
I don't think its the best idea to advice someone purposely with the intention of letting them start investing into bitcoin. It's good to introduce blockchain technology and cryptocurrencies as this would help in the general adoption of cryptocurrencies. It's their choice and decision to make themselves to invest into bitcoin.
Leave them to make that decision themselves when they have made the necessary research about bitcoin investments.
Leave them to make that decision themselves when they have made the necessary research about bitcoin investments.
I would recommend if the beginner first asks me a question and asks me for advice. because being in cryptocurrency is not an easy thing to be in cryptrocurrency especially bitcoin. so I think right now beginners still don't have experience and I don't want to sacrifice beginner money.
Think calculative instead of asking whether you should buy it or not. It was $3300 at once, gave you the opportunity to buy lower, doubled after all the hype crossed its limits and BTC crossed $6500 (even $7000 mark). As it was holding that level very tight and then exploded towards $7900, everyone was thinking about a possible reversal (and it actually happened when BTC fell down to ~$6900 in one go when a whale actually dumped his 3600 Bitcoins over Bitstamp - https://cryptopotato.com/was-this-the-trigger-for-bitcoins-dump-3600-btc-huge-sell-off-order-on-bitstamp/
It was also a chance, those who took it must be happy now. Okay, let's get back to being calculative.
So, you lost a chance to double and even almost triple your money when BTC reached over $9000. So what's gone is gone, leave it. But beware, BTC is in for a very, very big and parabolic rally out there waiting for the right time to explode to levels you can't imagine.
If it's about calculation, just think that if you buy at current price tag of $7700 and BTC explodes to $50k (which is 100% possible considered all the good happening in favor of BTC), you're still not missing the train but making loads of money there with a 650% return over your investment. Think wisely.
It was also a chance, those who took it must be happy now. Okay, let's get back to being calculative.
So, you lost a chance to double and even almost triple your money when BTC reached over $9000. So what's gone is gone, leave it. But beware, BTC is in for a very, very big and parabolic rally out there waiting for the right time to explode to levels you can't imagine.
If it's about calculation, just think that if you buy at current price tag of $7700 and BTC explodes to $50k (which is 100% possible considered all the good happening in favor of BTC), you're still not missing the train but making loads of money there with a 650% return over your investment. Think wisely.
Yes, I would advise them to start, because I think everyone should start taking advantage of bitcoin, but before that I have to teach them about risks and more information about investing, and in the end I advise them and do not force them to do anything.
I don't think they would be able to take advantage of Bitcoin since not all of them know what Bitcoin is. In our country, Bitcoin is legalized yet there are a few people that use it since not all of them are used in using new technologies. I guess introducing them to Bitcoin as an investment is not a bad thing but with the volatility of it, you might be labeled as a scammer when they lose some of their money.
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