Topic: Will You Advise Newbies To Enter Bitcoin Now? - page 27. (Read 34385 times)
Only if they were really interested but i won't be explaining everything to them since they don't know the basic yet. If they were really interested then they have to do the rest of the research. We are all started new here and became knowledgable by doing some research and asking. It might be hard at first but they should have to understand what is Bitcoin so that everything on the way will be very easy for them to understand.
For newbie entering bitcoin in this time has the lowest risk. This is where 55% of crypto money is now and the adoption will be sustain until we break the previous all time high price. maybe 2or 3 altcoins could be recommended now. Even the top coins on market cap have lost traders and investors confidence and we might see some shaking off as the markets improves.
$3500 was a good price for entry, still a newbie can enter only and only if one can hold till 2021 as bitcoin halving is coming in 2020 and we can expect a bull run in 2020 end or 2021 start.
I advised a newbie in December last year to invest when the price of bitcoin was revolving around $3300 luckily he heeded to my advice now he had made some appreciable profits. I told him to have a mindset of long term investment probably wait till next year.
More so its not too early for any newbie to enter the market he should just wait for a minor retracement or pullback of the price and buy to hold else the price might pump to a higher price.
I do give newbies introduction to bitcoin, and tell them the risk involved. If they feel okay with the risk, I assist them buy some bitcoin and they watches it increase or decreases. This way, am safe in my leading and not a biased teacher. I won't stop this soon.
Depends on how long they plan to hold, and if they are into trading or not. I don't advise people to buy after a near 100% value increase. That is what causes FOMO.
But if your a trader, than sure. Get some and do some trading in the volitile markets we see today.
I would have suggested to buy back a few months ago in the 3k range. That seemed to be a solid bottom for months
But if your a trader, than sure. Get some and do some trading in the volitile markets we see today.
I would have suggested to buy back a few months ago in the 3k range. That seemed to be a solid bottom for months
$3500 was a good price for entry, still a newbie can enter only and only if one can hold till 2021 as bitcoin halving is coming in 2020 and we can expect a bull run in 2020 end or 2021 start.
Basically I would never ask them (beginners) to enter the market without basic knowledge. Even though it looks potential but still the crypto world is very full of risks.
Advising someone to buy bitcoin is not something i deem very appropriate but if introducing the concept of investing into cryptocurrencies to him/her so that's ok. So that the decision to invest actually comes from the individual himself based on the knowledge that has been provided. The crypto market is very unstable and anything can happen.
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?
Of course I would recommend it, it is the ideal stage that I enter as a champion, because now the market stage is great for anyone to enter into the investment, once the person enters and makes their purchases of Bitcoin, it is not only assure that your investment will grow at any time, but will join a great enthusiastic current of blockchain technology.
When a person does not understand very well the operation of Bitcoin and Blockchain technology, he is afraid, it is normal, he has no experience, he thinks that many times everything that happens is fictional and that it can not be brought to reality, but when he sees the market volumes and the market capitalization that occurs, emotion is very big, because it enters a market where it is not controlled by third parties, or by government, where the economy you have is handled at your whim, in addition to the security it offers and the quick transactions, it is worth teaching how many newbies are necessary.
I will advise a novice to buy a crypt at any time, but only on the start of their funds to start exploring this industry.
Will rather not involve myself becasue the market of cryptocurrency is full of uncertainty. For example, completed advise a Newbie and they then proceed to invest and in the process they lost all their investment, what reaction do you think will come out?. Basically, teaching them on how the system work and what it takes to invest into cryptocurrency, the risk involve, sound good than outright advise for them to invest.
Once a newbies understand that the way to success is graduated by risk and patience,he/she will make the decision of going into Bitcoin or not buy itself, why thinking of the price when you need to concentrate on knowing how it market run
I will advise a novice to buy a crypt at any time, but only on the start of their funds to start exploring this industry.
The fact that nobody can predict where the price is going to go in the next all time high, makes it possible for us to introduce "newbies" at any price point. You are either lucky or unlucky depending on what the market decides what the price is going to be. We know it came down from $18000+, so the general feeling amongst many traders are that it can go back to those prices in the future.
I always say, invest a small amount and get your foot in the door, if it goes to the Moon, you make a huge profit and if it tanks.. then you only lost a small amount.
I always say, invest a small amount and get your foot in the door, if it goes to the Moon, you make a huge profit and if it tanks.. then you only lost a small amount.
Doing it everyday, atleast I try to introduce whenever I get a chance. Cryptocurrencies are restricted in my country, so cannot do it extensively, but do it depending on the individual's mindset towards acceptance of something wonderful and something new.
And not only Bitcoin, but I do explain the whole system and all the coins worth a mention or worth knowing.
And not only Bitcoin, but I do explain the whole system and all the coins worth a mention or worth knowing.
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 always time to enter bitcoin market. Sooner a person has interest for bitcoin, the better. The currency price isn't the only attractive, as many opportunities on the financial field appear when the person uses bitcoin, especially job opportunities that are so hard nowadays in many countries.
And even 6000 dollars look very expensive for now, bitcoin can go further, I'm sure. Knowing the risks newbies can enter the market now, on long run there are serious chances they will be satisfied with the results.
They are free to be a part of this community or even engage in trading but be sure that they are strong enough to face the challenge they'll encounter sooner. Cause if they aren't like that, then they better to spend time in reading and improve their knowledge in crypto cause that's the only tool for them in order to survive or be successful.
Yes, of course, why not? I always advise new people around me to invest in bitcoin at any times, but I never suggest them to buy with all of their money because I know that it will be too risky for them. Besides that, I've always said that make a 3-5 buy order to prevent if the price is down so he can get a lower price.
I already tell them to invest in a few months ago while bitcoin at a very low price and some of them use big money to buy bitcoin, but the other only use small money. I say that it's no problem at all because at least, they can get a low price plus they can buy again when the price is down, but some of them decide to buy at $4000-$4500 range price.
I already tell them to invest in a few months ago while bitcoin at a very low price and some of them use big money to buy bitcoin, but the other only use small money. I say that it's no problem at all because at least, they can get a low price plus they can buy again when the price is down, but some of them decide to buy at $4000-$4500 range price.
Never will i advise a Newbie to enter Bitcoin now becasue whatever happen to him or her, am responsible. Will rather teach such and interested Newbie how he or she can make money from Bitcoin, if there's intention on the part of the Newbie. Although, have taught my friends on how to survive in the world of cryptocurrency but will not advise to venture into Bitcoin.
I normally advice any newbies to invest when it convenient for them I buy bitcoin whenever I have the capital not minding the price at that time, but if you think because the bitcoin market is on the rise and you think it right to invest you may get it wrong because bitcoin price can move in whichever direction at any time because we dealing with a volatile asset. But it advisable to buy when the price is low.
The general sentiment of the market is getting very positive on Bitcoin as it is experiencing some upward movement.
this price increase is bringing a good climate of optimism
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.
still difficult to stay above $6000, but I believe that in the coming weeks we can see the price above $6000. Until the end of the year, we may end up in the range of $8000 to $10,000
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 depends on the person you are giving advice to. for example if you were talking to some trade professional or someone experienced with high risk investments, then the conversation would be very different and you could give some advice about investments in bitcoin because these people would do research before buying bitcoin. But never give advice to someone naive who never made any investment
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