Topic: Will You Advise Newbies To Enter Bitcoin Now? - page 18. (Read 34385 times)
I don't really encourage beginners to join the current trade, but if he plans to do a long-term investment, maybe there is still a chance before the bull really comes.
It is still smart to advice newbie for entry in to any coin or token now as market is still very low to what could happen in December or next bull run .
So advicing any one to buy into it now is good and will be profitable in near future .
So advicing any one to buy into it now is good and will be profitable in near future .
for beginners it is recommended to join in joining bitcoin, the most important thing is that you have gotten pretty good information. In addition, I would also advise him to study the market closely and intensively. so people who enter Bitcoin must carefully consider the pros and cons.
Nope, definitely not a good time for newbies to enter bitcoin specially that the market is down and there is no assurance that it could recover anytime soon. But I hope sooner or later bitcoin will come back to it`s track again and that could be a time to advice newbies and attract new investors.
I do not think telling a newbie about the price is a thing at all. why will a newbie care about the price in the first place? I will surely tell a newbie to get more knowledge about the markets and trading before getting into one of it.
I agree, well, some may care about the price but the price isn't that important because as well all know the price can drop from time to time, the price right now will not stay forever, either it'll go up or down. I think if we will advise newbies to enter bitcoin we should educate them properly what bitcoin is, trading, it's advantages and disadvantages for them to weigh for themselves if they wanted to invest or not.
bitcoin is in bullish now correction is also going on i would think that this is the correct time for entry , this entry is less risk and good reward so newbies can entry with less risk
Its hard, I'm saying that it's hard for a new comer to judge the crypto world by only seeing the btc value. BTC is a part of crypto currency and the other currency is also a part of it. if you see the marginal value among the bitcoin and others then it's shocking. From my point a new comer should try the other currency 1st to observe the crypto market and it's massive fluctuation.
For what it is a hard? After understand the crypto currency then it will not be hard. When we starting a any work then it is hard but after get experience every work will be easy. So same here in cyrpto currencies. Also i suggest for newbie should try start with bitcoin, actually bitcoin coin has long time but the other crypto currency sometime we are confused between coins.
Presently, Bitcoin is in its bull run for some time and as such, it may drop heavily. For newbies, entering into BTC now may not be a good decision if they are not knowledgeable about it. It's better if they do some research and study the market's before taking a buying decision. Patience, however is very key in buying BTC. This crytpo investment need a lot of patience to withstand ups and downs of the cryptocurrencies
Well, I can't advise anyone even the newbies if they don't have the patience and discipline to wait because bitcoin's volatility is very high and investing in it is very risky. However, if they really have the courage to go on, I suggest research first what is all about bitcoin and how they can manage to profit from bitcoin's volatility. Because volatility is considered as a high reward investment risk. So good luck for coming into bitcoin investment.
Yes i agree on that, i strongly advice to those who are newbie to enter into bitcoin world, but before they start they maybe need to research on it, because crypto feild is really not easy and they can maybe become frustrated on it if they dont have enough patience to wait, i know that patience is really important in crypto i was there i been following it for a long time and i see that most succesful person in crypto is the person who has a big patienc.
It's hard to advise anything now, as the situation is like 50/50. If you are a newbie, don't want to trade at all and just want to keep your btc in your cold wallet for as long as needed, then yes, that's a good time to buy, as in any case, the next peak will be much higher than $7600 or $8000 or even $20 000. Any purchase is good if you are ready to wait. So basically the answer is "yes, it's a great time to invest in bitcoin unless you wanna trade short-term." For short-term speculations I'm not sure it's a great time to enter after the recent pump.
Well, I can't advise anyone even the newbies if they don't have the patience and discipline to wait because bitcoin's volatility is very high and investing in it is very risky. However, if they really have the courage to go on, I suggest research first what is all about bitcoin and how they can manage to profit from bitcoin's volatility. Because volatility is considered as a high reward investment risk. So good luck for coming into bitcoin investment.
Yes i agree on that, i strongly advice to those who are newbie to enter into bitcoin world, but before they start they maybe need to research on it, because crypto feild is really not easy and they can maybe become frustrated on it if they dont have enough patience to wait, i know that patience is really important in crypto i was there i been following it for a long time and i see that most succesful person in crypto is the person who has a big patienc.
Well, I can't advise anyone even the newbies if they don't have the patience and discipline to wait because bitcoin's volatility is very high and investing in it is very risky. However, if they really have the courage to go on, I suggest research first what is all about bitcoin and how they can manage to profit from bitcoin's volatility. Because volatility is considered as a high reward investment risk. So good luck for coming into bitcoin investment.
There is no specific time to buy Bitcoin especially to the newbie. The cryptocurrency market place is highly volatile and every investor will make appropriate profit with Bitcoin at one point in time but Newbies entering Bitcoin should be aware of one thing: they can easily lose around a half of the amount invested in case of panic selling when Bitcoin goes down. Being extremely volatile, BTC can lose 50% of its USD value within a week. The question is, where it will go afterwards though. My point is, if you will not panic sell in the worst time possible, it is very likely that you will profit in the future, but this future may come in several months or maybe even in a year. So, don't invest money that you may need within a year, invest only the money you can do without for the period of a long term investment.
Its hard, I'm saying that it's hard for a new comer to judge the crypto world by only seeing the btc value. BTC is a part of crypto currency and the other currency is also a part of it. if you see the marginal value among the bitcoin and others then it's shocking. From my point a new comer should try the other currency 1st to observe the crypto market and it's massive fluctuation.
Even though bitcoin provides benefits, bitcoin is not risk free, so I don't recommend buying it before they really understand bitcoin.
As a newbie here, I can say that bitcoin is looking very bullish, and it's really tempting to jump in now. But what all technical indicators are telling is that the pullback is almost inevitable, or at least consolidation at slightly lower levels. But if you want to buy for a few years, anytime is a good time. Another option to buy is, in case you miss with a pullback, is when btc breaks the previous ATH at around 20 000. All the media will be highlighting btc and some parabolic rise very-very likely to happen at that time.
If you check the past charts of the exchange rate, then it can be seen that the pullback (or correction) occurs almost immediately after the end of the bull run. Here also we had a correction, when the prices plummeted from $8,300 per coin to $6,300 per coin a few days back. But that phase is over and now the prices are back to $8,000 per coin.
Personal research is required to start any business, for the reason any newbie who want to invest in crypto should do it own research which enable he/her to judge what next yo take,this is a good time to make investment in BTC .
There needs some experience and a lot of patience in buying and investing into the cryptocurrencies. Not each individual can make themselves land in profit with minimum knowledge. There always is a lot of knowledge required before you can make any good profits. Just investing into any of the random coin is not going to give us profit. From my experience until now, new peoples who would join the cryptocurrency markets would have loss initially because there are a lot less chances to have profits. Profits needs a lot of hard work. Even I tried teaching some of my colleagues about bitcoins and trading but most of those ended up in loss which made the rest stay away from the cryptos.
As a newbie here, I can say that bitcoin is looking very bullish, and it's really tempting to jump in now. But what all technical indicators are telling is that the pullback is almost inevitable, or at least consolidation at slightly lower levels. But if you want to buy for a few years, anytime is a good time. Another option to buy is, in case you miss with a pullback, is when btc breaks the previous ATH at around 20 000. All the media will be highlighting btc and some parabolic rise very-very likely to happen at that time.
for me it doesnt matter how high or low the prices might be,the question is if they will invest or enter in btc world can they face the fact that there is a lot of chances that they might lose their money?some of the newbies think that this is an easy profit thing which we all know its not.so i can only advise them to learn first how bitcoin works,research more things about other cryptos aswell.that way they will have a solid idea what really they are going into.and ofcourse they need a very long patience for this.
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