They wont' just ride it that easily.
With a lot of risks on the line it is obvious that they will be thinking that it might be a scam or somewhere close to that. So instead of "entering" Bitcoin, I'd rather tell them about how they can use it and make them experience it. In our coubtry there are a lot of ways to use it that it can even be used with your bills.
Topic: Will You Advise Newbies To Enter Bitcoin Now? - page 25. (Read 34385 times)
One should be aware of the risks and be responsible and knowledgeable,bitcoin isn't owned by any government,it is unpredictable and hence unstable,so one entering into bitcoins should weigh the pros and cons carefully.
NO!!!! I didn't think of it and I will not do it never.
I think those newbies must do some research regarding cryptocurrencies. They must know the risk and consequences that may happen to them so that they will not blame somebody if the worst happen to them.
I think those newbies must do some research regarding cryptocurrencies. They must know the risk and consequences that may happen to them so that they will not blame somebody if the worst happen to them.
A perfect moment to step into crypto world imho 
I personally would not advise anyone to enter into this market, because it requires a unique psychology with patience, a long time-preference, and the ability to withstand prices that whipsaw. I saw in the last bear market how easily the average person is shaken.
I think it is not good to advise newbies to join the bitcoin unless they are already well-informed. Cryptocurrencies are known to be volatile and unpredictable and it takes time to understand how these virtual coins works in investment and trading. Newbies should understand that the risk is high and are willing to lose some funds while learning the trade. The number one enemy of newbies is their emotion so if they are really determined to enter bitcoin then they should learn to control their emotion first.
The general sentiment of the market is getting very positive on Bitcoin as it is experiencing some upward movement. A lot of people are expecting that Bitcoin will soon breach the $6,000 level and can possibly go beyond that level in the coming weeks and months...and there are those already predicting of $8,000 or even $10,000 before 2019 ends. I know this is just another speculative notions but this can be reflective of the ongoing confidence the market has on the King of Cryptos.
With this backdrop in mind, will you advise a newbie to bitcoin to enter at this stage so he can be able to ride the coming "boom" or will you tell him to wait some more until the market is dipping?
It's not booming again, just a usual bull.. last year many predict bitcoin will reach 30k more but at the Q3 of the year, price crashed.
But for advising newbie, it's always a good time to enter crypto world because maybe it will be something mainstream in the future
Yes, once Bitcoin was really high in 2017. Bitcoin could attract more newbies to use Bitcoin(even though they were leaving once the prices were going down), so why would you restrict newbies to enter Bitcoin now with less price than 2017? If you can teach them about Bitcoin, then they can develop their feelings to do something
I would advise everyone (irrespective of whether they have previous experience with Bitcoin or not) to invest in Bitcoin without wasting any time. All the available trends indicate that we are about to witness a major bull rally and in all possibility we may witness a new ATH sometime soon. The best thing about the current situation is that now most of the users are somewhat experienced ones.
That's a good choice of suggesting to invest unlike the market situation. With the ongoing market situation I suggest users to observe the market of bitcoin closely and parallel to the same, make investment on altcoins. Soon there is good bull run to happen with the altcoins. This could get a good profit with the investments made now over altcoins. 
I would advise everyone (irrespective of whether they have previous experience with Bitcoin or not) to invest in Bitcoin without wasting any time. All the available trends indicate that we are about to witness a major bull rally and in all possibility we may witness a new ATH sometime soon. The best thing about the current situation is that now most of the users are somewhat experienced ones.
Definitely not, but I would encourage him to study the economics of Bitcoin. Aside from that, I will also suggest to him to study the market closely and intensively. This way he can decide for himself whether he will invest or not.
I'm not giving investment advice to anyone, I don't want to be the one stuck with complaints when they inevitably lose their money.
Heck, some people would even buy when the market has obviously reached an all time high and will go down again.
Nope, not doing that, let everyone figure it out for themselves.
Heck, some people would even buy when the market has obviously reached an all time high and will go down again.
Nope, not doing that, let everyone figure it out for themselves.
Yes. A lot of traders speculate that Bitcoin will have been growing by the end of this year. But that's always a risky market. There's no such ascertainment like "the best time to invest". To me, it is always the right time to invest in, but just consider if Bitcoin is the right choice.
You are pretty much mistaken here. Currently the market is going up and its being bullish for the last week. Projected prices of bitcoin are being speculated to reach 7k USD soon this weekend if a crash does not occur before it. This is the time to sell bitcoin if you have been holding something that you bought at a lower position. Getting into this market or buying in would be a wrong choice at this time. That would be good once a correction sets in.Quote
Quite apart from BTC, there are also some other altcoins which are promising, like for example -snip-
Stop shilling your own shitcoins.
I think 'crypto world' is not for everyone, a lot of people look at it in a negative way as a scam or something. At the beginning I was sceptical about Bitcoin etc, but I completely changed my mind over time, I find crypto really interesting, that technology and the market situations are so engrossing. I would introduce someone into it and encourage to read some articles which shows how it works
Yes. A lot of traders speculate that Bitcoin will have been growing by the end of this year. But that's always a risky market. There's no such ascertainment like "the best time to invest". To me, it is always the right time to invest in, but just consider if Bitcoin is the right choice. Quite apart from BTC, there are also some other altcoins which are promising, like for example XRP, Dash, NEO or FuturoCoin.
I think this time is safe for newbies to start to invest in bitcoin. It seems that the price will not go down to $3.000 again. Actually I have given advice to some people to invest in bitcoin but most of them didn't care about my advice. I only can make one of them to invest in bitcoin, so I teach him how to invest, but now I lost contact with him so I don't know if he still invest.
I will agree with you. The market proved that it is not going to die even if it falls to the bottom. Now, people are more confident in cryptocurrency. It is one of the best periods to enter the market.
You can advise to enter the market already, only if you are advised to think like an investor, that is, you will not have profits right now or in the short or medium term, you will have to have or learn to have the patience of an investor.
If you need patience, have time and money, it is best to tell him not to lose the moment and buy everything he can, because we are in a phase of accumulation where it is ideal to buy and hold.
Now if the newbie is a person who is really committed, will buy, and will take all this time, in months, years what it takes to learn to understand the market, their movements, to know how is the market, and in turn , it will increase its level of learning when it discovers that the accumulation stage is the cheapest stage where you can buy the currency or stock, where the greatest benefits will come from the bitcoin starting its bullish trend stage and finally selling or continue to maintain in its distribution stage.
If you teach it that way, I think you can be very successful, it would be a successful rookie, since what is certain is that bitcoin will grow in price, it is not known when, but it will.
I think this time is safe for newbies to start to invest in bitcoin. It seems that the price will not go down to $3.000 again. Actually I have given advice to some people to invest in bitcoin but most of them didn't care about my advice. I only can make one of them to invest in bitcoin, so I teach him how to invest, but now I lost contact with him so I don't know if he still invest.
I will agree with you. The market proved that it is not going to die even if it falls to the bottom. Now, people are more confident in cryptocurrency. It is one of the best periods to enter the market.
There's plenty of space for newbies in crytocurrency but if they wan't to join the fun, I don't want to be an instrument in teaching them the ins and outs of cryptocurrency. I wan't them to discover it by themselves and let them research about it. I have introduced cryptos to my friends and success rate is very low. Crypto not really for everyone and most would think its a scam or networking.
At this time (right now) I would say NO! Now isn't the time to buy in because it's already bad timing. Anyone who buys in now will be doing so chasing the sentiments of others. In an ideal market, buyers should buy low and sell on the high. But chasing the market or price means the buyer is buying high. Bad strategy. So, all newbie traders/hodlers should just take a chill and look out for a retracement before buying in. Hopefully, next week should present us with that retracement.
I think this time is safe for newbies to start to invest in bitcoin. It seems that the price will not go down to $3.000 again. Actually I have given advice to some people to invest in bitcoin but most of them didn't care about my advice. I only can make one of them to invest in bitcoin, so I teach him how to invest, but now I lost contact with him so I don't know if he still invest.
I will agree with you. The market proved that it is not going to die even if it falls to the bottom. Now, people are more confident in cryptocurrency. It is one of the best periods to enter the market.
Jump to: