Topic: Will You Advise Newbies To Enter Bitcoin Now? - page 8. (Read 34385 times)

i of course always recommend newbies to invest bitcoin
i want to help promote crypto
and of course it will slowly create FOMO 

maybe I would encourage beginners who are really good at cryptocurrency and can understand. right now even though bitcoin is in a good position but if beginners don't have enthusiasm and are easy to learn in crypto I think I will not enter it and will choose silence

I won't advice anyone to invest in bitcoin now or even if bitcoin goes down from it current price. Investment is a personal choice which comes with risk and reward. The only way I can be of help to such individual is by explaining the importance of blockchain and cryptocurrency in general and from there, I believe such person can further in what he/she wants to go for.

I won't advice anyone to invest in bitcoin now or even if bitcoin goes down from it current price. Investment is a personal choice which comes with risk and reward. The only way I can be of help to such individual is by explaining the importance of blockchain and cryptocurrency in general and from there, I believe such person can further in what he/she wants to go for.

Just you never read bitcoin whitepaper like I didnt, so will be a large number of people. IMO, there are more important information on bitcoin, which cant be found in the whitepaper but relevant to the space economics. whitepaper should be about the technology and roadmap, and I think a large percentage or whole could have been covered by now.

Facebook has revealed the details about the new cryptocurrency from them, and was scheduled for launch by 2020. This doesn't have anything to do with the cryptocurrency network. I'll suggest common people to get into cryptocurrency usage, but considering the present market I'll suggest buying altcoins as bitcoin have increased much in comparison to the growth with the altcoins.

I also have similar feelings, in the past, when people were newbie, they often had discussions about bitcoin, people were always learning each other to enhance knowledge and experience but in the present time, when bitcoin became popular, there was too much knowledge and information resources, newbie seems to disregard others' advice, they often think they are right and they know everything. Or if they don't show such feelings, they often ask too much, more accurately, they don't like to find information, they like to ask, and that makes them lack too much background knowledge.

People definitely have the right to make decision for themselves but it not every individual that have idea about the concept behind crypto investment which is bad. However, the current market trend doesn't proof the Bitcoin market will cliche an all time high price this year because the whales will still manipulate the price until it next year but this current market is good for newbies to invest.

I will introduce Bitcoin to newbies because I believe what it is and what would it be in the future but I won't force them to invest since it is not advisable to invest your money in anything that you do not have any idea about.

We all know that one day in this year, Bitcoin will reach its all-time high again, I would encourage everybody, not only the newbies to buy more Bitcoin because the market is looking good especially now Facebook will release its crypto coin.

Bitcoin is free for all even newbies can do it, so as long as they already understand the crypto market then they have great potential to gain profit. All bitcoin legends are came from newbie and no one is getting professional without starting from bottom, therefore there is no problem for newbies to enter bitcoin.

In 2018, I was speaking to buyer who wanted to buy 3000 Bitcoins. I told him to buy bitcoin at $3000. Later the price fell to $2800. The buyer disappeared.

Now Buy Bitcoin at $2000 or $1000. There are big sellers.

It's always good to educate but not advise. From my experience, the market is far too volatile for most investors, so what they will do is buy while prices are rising and sell when they fall. This causes most people to get burnt. Most people are interested in quick profits and not the big picture that some of the long-term holders see. We see the transformation of the global economy while most people want to make some money to buy liquor at a bar or go on a weekend shopping spree. This is not why we are in cryptocurrencies.

I do know that Bitcoin is heading north, but I won’t advice newbies to buy Bitcoin. If they cannot tolerate the loss, it’s not for them.

However, if they do have a perspective of taking the loss as an opportunity, it would be good for them. If I were to introduce newbies into Bitcoin, I’m only giving them the real use cases, its technology, etc. But when it comes to the buying part, I’m just gonna let them decide without telling or forcing them to buy.

I do crypto education in some cities in the Philippines, but I don’t really tell them to buy. They’re just the ones who are willing to buy and take risk.

yeah I would definitely suggest to get involved in the world of bitcoin because in investment it is never too late to invest because by storing bitcoin and using the right strategy will bring very high profit. now the price of bitcoin starts to strengthen if you want to invest, do it little by little because there is a possibility that the price of bitcoin will fall, when that time comes you won't lose too much

I think of course inviting other people to get to know him first, not just to buy it and keep buying at least need to be warned that investment in the crypto world has risks, not always discuss big profits, so this is where the role of new people is very important to increase trading volume , but it needs to be educated before they begin to hold it

I believe that anytime is a good time to enter crypto, but we should all say the following things to our coworkers, neighbors,  friends, family or relatives:

1. Read the BTC whitepaper before buying crypto; any investor should understand the object of his investment and all crypto whitepapers are based on BTC;

2. Investing is like running a marathon, you have to be in it for the long run and for the good reasons, not care about BULLS and BEARS;

3. Invest only what you can afford to loose because crypto is a social experiment not backed by any government or financial institution;

4. Do not invest more than 5% of your capital because crypto is an Extremely High Risk investment as opposed to the stock market which is a High Risk Investment;

5. Altcoins carry an even greater investment risk; hundreds of altcoins have gone from Hero to Zero and BTC is the only crypto to have recovered from all bear markets;

6. Do not take out loans or use credit cards to buy crypto; you do not need a 30% interest on a crypto which can go down to 0 in just a few weeks;

7. Use Dollar Cost Averaging to buy crypto; decide on an amount which you can spend easily every month, every two weeks or every week to buy crypto; Dollar Cost Averaging will safeguard an investor from price fluctuations in the long run;

8. Learn to safeguard your funds; in this social experiment called crypto you are the only one responsible for the security of your funds because your are both the bank and the client at the same time

9. Diversify your portfolio in time, don't rush it, focus at first on BTC;

10. Investing is not Trading; leave Trading to the profesionals and fools.

Of course that eventually you will have to use some cryptocurrency exchanges and invest in cryptocurrencies. but to me, when you are a beginner and don't have money to invest in - this is a perfect solution

Maybe it is, but in the end if you want to trade you will probably want to invest anyway.
But on the other hand, Bitcoins earned that way might be enough for efficient start on crypto exchange...

I no longer engage with the noobs now, because at times it can be irritating and fruitless. In my town, most of the people with whom I have talked to regarding Bitcoin were arrogant and not ready to listen to my arguments. And I am not someone who was born with a lot of patience. When I need to deal with such guys, I make my points clear and in case they don't agree with me then I just ignore them and move on.

advice for beginners is to see opportunities and read the market because the price of bitcoin keeps changing every hour and even though the high prices have no effect.
and if the price of bitcoin is high, usually the price of the altcoin also goes up.