Quote from: Kelvinid on May 09, 2019, 09:43:16 PM

Quote from: bummm on May 09, 2019, 07:27:47 PM

Quote from: millgates on May 08, 2019, 06:49:22 AM

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.

But before that, they should have to spend time to understand how the market works cause we know that entering crypto without knowledge will be considered as suicide and will only cause into losing. Thus, newbie should put some extra effort to have knowledge of what they want to know about, this is just to give help for them from being out of the track.

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.