Topic: Will You Advise Newbies To Enter Bitcoin Now? - page 29. (Read 34385 times)
I wouldn't suggest anything right now. People's just want to enter on bitcoin when its start up trend. Yes, even few people's asked me when bitcoin start up trend, but unfortunately that people's don't believe on bitcoin when it was dumped. That's our nature. Now bitcoin is on confuse mode. We don't know exactly what is going to happen and we are not legal advisors. So they have to decide themselves who want to invest on bitcoin. But just remember we don't know where is the bottom of bitcoin.
it depends on what you mean by "enter bitcoin".
some people "enter bitcoin" thinking they can buy some, hold it for a while (HODL) and then become millionaires aka get rich quickly. well that is not going to work and i would never suggest anybody to do that.
some others only enter as an investment to make profit (basically a less severe case like the first one). i wouldn't suggest that either.
but if it is to start owning the only decentralized currency that works strongly and worldwide without any problems, then there is not bad time to "enter" bitcoin.
some people "enter bitcoin" thinking they can buy some, hold it for a while (HODL) and then become millionaires aka get rich quickly. well that is not going to work and i would never suggest anybody to do that.
some others only enter as an investment to make profit (basically a less severe case like the first one). i wouldn't suggest that either.
but if it is to start owning the only decentralized currency that works strongly and worldwide without any problems, then there is not bad time to "enter" bitcoin.
I wouldn't tell someone to invest in Bitcoin just because its recovering and at the same time they're newbies let them decide instead of giving them advises that could lose them money. Imo this might be one of the worst time to buy in since the price is increasing so much since last month you can't avoid the fact that it would go back down again.
Instead of advising them to join in Bitcoin during this time, I think it's best to share some information on how bitcoin works so they won't regret their decision to enter cryptocurrency.
I would advise them to seek knowledge about it first before they decide to invest.
Everyone has the right to enter Bitcoin but as bitcoiners,
we should help newbies to make the right decisions and actions.
I would advise them to seek knowledge about it first before they decide to invest.
Everyone has the right to enter Bitcoin but as bitcoiners,
we should help newbies to make the right decisions and actions.
I don't know why people always hop into bitcoin when it started to bloom and didn't bother to invest when it's on dip. Certainly, this is the psychology of some people that don't fully understand how bitcoin really works.
Otherwise, just buy on your own risk but better DYOR if you think you can bare all of the risk then go. I mean we all have the chances to buy cheap but we always take it for granted.
Otherwise, just buy on your own risk but better DYOR if you think you can bare all of the risk then go. I mean we all have the chances to buy cheap but we always take it for granted.
I would advise newbies to become a non noob if they want to get into bitcoin.
1. read the white paper
2. inform yourself about security risk
3. try to earn some bitcoin
1. read the white paper
2. inform yourself about security risk
3. try to earn some bitcoin
A suggestion maybe but even we all know how good using crypto is, even we tell them that price will reach $ 20,000, $ 30,000, $40,000 etc. soon, if they are not really interested then our advice to them will just go into thin air. Back in 2017 big hype, some of my well-known people became more aware of bitcoin but still they ignored it since after all, they aren't really interested.
Furthermore, if bitcoin will become bloom again, surely it will spread out in the world of internet and news. Those newbies will surely see it leading them into curiosity on what bitcoin really is. They will now research on it etc. Also, chances now that they will seek our help since they already know we are involved in it.
It's a beginner's choice if they would enter Bitcoin or not. It would be an advantage if they would enter during this season but upon entering, they should know all the basics and fundamentals of crypto. I wouldn't advise them to join Bitcoin right away but I would tell them to learn everything about it first so that they would have their own disposition.
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.
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?
No. Everybody has to do his own research and take the decision if and when to "enter" Bitcoin.
Also a good strategy for somebody that wants to buy and hold is to buy over longer period of time, so the up/down fluctuations get somewhat equalized.
All I can tell is that the market starts looking good and I am almost convinced it should grow. But this means nothing, really.
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?
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