Topic: Will You Advise Newbies To Enter Bitcoin Now? - page 20. (Read 34385 times)
I will do that each day if the opportunity come and newbie is enthusiastic of learning of bitcoins. Learning Bitcoin and crypto to augment their investment skills is the best thing I can offer myself to advice young ones to pursue.
Bitcoin is now 8k, while my opinion is it will have a correction soon, to 6.5K maybe (if any people dont agree please ignore, it is just my own feel), it is a bit high for me, so I will not accumulate BTC now, I am waiting it lower price, also I am trying to buy some alts like SHE/HTA/NEW/DGB/XRP/BTM, to make a more rational investing.
Bitcoin market will definitely experience correction in other to balance and strength the market bullish but waiting for it to dump $6500 price range is something I don't see happen now and it will Q4 when some holders use their profit to buy some important stuff for their family before it could reach the price range you mentioned but you can still buy now later sell for quick profit before the big dip.
I don't think newbies have the heart to withstand the diappointment that the volatile crypto market brings. I would not advise anybody actually to invest into bitcoin i would teach you about how you can make money through cryptocurrency investments so that they can make their own research about it and invest if they want to.
Of course, it is never too late to learn cryptocurrency and invest in it. This is a relatively new technology and it will continue to develop for a long time. They are just beginning to pay attention to the state and determine the legal status of cryptocurrency and solve other issues of its legalization.
However, for beginners, a cryptocurrency still presents a certain difficulty, and before investing, they first need to learn a lot, especially in terms of the protection and security of this type of activity.
However, for beginners, a cryptocurrency still presents a certain difficulty, and before investing, they first need to learn a lot, especially in terms of the protection and security of this type of activity.
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 .
I always advise people to research about BTC and make your own decisions, it's up to each person what they will do with money
There is a lot of hisk to invest on BTC or every coin in the market
I used to help my brothers to enter on cryptos, but I'm the one who stay strong, even in bear times
There is a lot of hisk to invest on BTC or every coin in the market
I used to help my brothers to enter on cryptos, but I'm the one who stay strong, even in bear times
Based from my experience, the best way to enter the cryptocurrency world would always be the first day you started regardless of its price. Many would argue about the wasted time when its price was still at large but what matters is that you start as soon as possible.
Depends to them because what ever I say to them if they did not want I don't have right to force them. But if they get interest to emter bitcoin that is good and I will support them because they will earn money once they enter now. But once they enter here they need to knoa first fhe consequence which is also they lost their profit too not all the time bitcoin gives us profit..
It is their loss to be honest. Even if they do not believe that bitcoin has the opportunity of making someone rich, our results speak for ourselves! Cryptocurrencies are typically short-term investments since prices skyrocket without notice.
Depends to them because what ever I say to them if they did not want I don't have right to force them. But if they get interest to emter bitcoin that is good and I will support them because they will earn money once they enter now. But once they enter here they need to knoa first fhe consequence which is also they lost their profit too not all the time bitcoin gives us profit..
sometimes the people we invite always blame us when they get a loss. in this case, I also think like you. invite them only when they are interested, and of course I will clarify the risks of this. there will always be a big risk, and you can lose when you lose focus on this. bitcoin can indeed provide tremendous benefits, but it also happens to the contrary.
Depends to them because what ever I say to them if they did not want I don't have right to force them. But if they get interest to emter bitcoin that is good and I will support them because they will earn money once they enter now. But once they enter here they need to knoa first fhe consequence which is also they lost their profit too not all the time bitcoin gives us profit..
I always advise all my friends to enter Bitcoin now even if it is in bear or bull, Bitcoin is a young technology and it's potential has not yet come there is no latecomer in Bitcoin now because Bitcoin is only ten years old and its all-time high is only on $20,000 level, when all predictions are pointing to $50 k up.
Yes and if they are eagerly to learn what is bitcoin because if they will know it as early it will help to us to easily broad what is bitcoin and how it can be help for us and also it will really help to them for their everyday life.
I have co-worker who caught me trading in my phone. Basically, she is really interested how btc trading works and I just said that this field is really high risk and high volatility. I explained it in easier way that the price of btc now is not the right time to enter. Since she is a newbie who are really curioys about crypto, I adviced that she has to watch some videos and read some article and websites about btc before really investing into it.
My advice is not too reckless, buy a bitcoin with a mature calculation, don't be emotional. But with a cool head, wait for the right moment to buy bitcoin
I think it's never too early and never too late to start practicing Bitcoin. This is a popular field of activity now and anyone can try their hand at it. I see no reason not to do it 
Indeed there is no word to say late to invest on bitcoin because its price always move goes up and goes down. One can take opportunity to buy low and sell high and these ways always by most investors here. However, to do these ways are no easy as newbies think, they have to change their mind no too be greedy when he gets profit and not to do something that will give them loss when the price goes down. So for me, don't look at the price of bitcoin I mean its price at a lower or at higher but he must knows where its price gonna move and he can buy if he has known it. 
I always advise newbies to at least learn about bitcoin and cryptocurrencies
people I talk to usually heard about bitcoin and want to learn more about it
or they have no choice other than hear me talk about it given the first opportunity
in any case , I spread awareness as much as I can and I say: buy and HODL
long term bitcoin investment can turn to be huge in 5-10 years time
even if you bought at 5000 and sell at 10.000 in a couple of years , 50% return per year is something you will never get anywhere else
people I talk to usually heard about bitcoin and want to learn more about it
or they have no choice other than hear me talk about it given the first opportunity
in any case , I spread awareness as much as I can and I say: buy and HODL
long term bitcoin investment can turn to be huge in 5-10 years time
even if you bought at 5000 and sell at 10.000 in a couple of years , 50% return per year is something you will never get anywhere else
Newbies entering Bitcoin now 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.
Half? Ask the newbies (or oldbies even!) where they are today when they bought Bitcoin at the premium price of $20k or thereabouts. Remember, they would have probably paid a bit more with fees, and that they'll get less back today after fees as well or spreads.
Even when Bitcoin was at the 2019 high, they were still barely at 40% of what they'd put in. And I know plenty who got in around even $15k, so they're still waiting to recoup 50%.
So yeah, they should know, if you want the chance to experience 1000% gains, be prepared to experience 90% losses. If not more!
You described the worst case scenario, and I agree with you regarding that readiness for losing everything is always a good approach to any investment. But let's not exaggerate the dangers. I'm almost sure that you personally think that the probability of losing 90% of its today's value for Bitcoin is very low.
7,900 : 100 x 90 = 7,110
7,900 - 7,110 = 790
Anything can happen, that's right, but we should always estimate probabilities of this or that event happening in the future, or otherwise it's almost impossible to live. The probability of BTC going to $790 at any time in the future is extremely low, don't you think so?
Newbies entering Bitcoin now 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.
Half? Ask the newbies (or oldbies even!) where they are today when they bought Bitcoin at the premium price of $20k or thereabouts. Remember, they would have probably paid a bit more with fees, and that they'll get less back today after fees as well or spreads.
Even when Bitcoin was at the 2019 high, they were still barely at 40% of what they'd put in. And I know plenty who got in around even $15k, so they're still waiting to recoup 50%.
So yeah, they should know, if you want the chance to experience 1000% gains, be prepared to experience 90% losses. If not more!
I prefer to let them find their own information. I know the risk of investing with bitcoin and not everyone is ready and brave with risk.
I think it's better than we have guilt. Don't let beginners consider investing or engaging with crypto an easy way to get money. because everything requires a process and it's not easy.
I think it's better than we have guilt. Don't let beginners consider investing or engaging with crypto an easy way to get money. because everything requires a process and it's not easy.
I would advise newbies to enter crypto markets with any spare money they have. Don't keep cash as it is inflationary and controlled by different central entities. Be smart about your wealth and have a diversified portfolio but always study your investments. I am a true believer in bitcoin and its future so at below $20k it is always a good idea for me to convert fiat to crypto.
I think that now is the last moment when an ordinary person can own Bitcoin. Soon the price will be above 100 000 dollars and Bitcoin will be available only to rich people. Therefore now there is a chance to provide the comfortable old age practically to any person.
Jump to: