Post
Topic
Board Speculation
Re: Can I recommend a friend to buy Bitcoin now?
by
Slow death
on 16/08/2022, 00:00:12 UTC
I think if one invests in the long term, then at any time one can buy bitcoin or any other cryptocurrency. Whether or not the decision to invest in bitcoin is wise or not, it really depends on the timing and investment strategy of each. So before starting to invest, it's better to first understand technical analysis and estimate when to enter and exit the market so that we don't panic buy or panic sell.
Definitely we should not force someone on investment but we can suggest about investment in right time. It is free to provide information about upcoming news about crypto. Bitcoin has bright future and we should tell about it to our nearest people.

the problem with giving advice or suggesting to someone who invests in bitcoin and altcoins is that whenever this person that we are suggesting to invest in bitcoin will create high expectations, he will always think that he will have a lot of money when he buys bitcoin and the price goes up a lot, but when he buys and the price of bitcoin drops a lot, that person starts blaming the person who suggested him, this person never sees that he made a mistake, on the contrary, he even starts to think that the person who suggested that he buy bitcoin doesn't like him , envy him. so be careful when giving advice or recommending someone investing in bitcoin

Bitcoin is now rising, and it has jumped by 3k in less than 10 minutes. Although everyone is happy but also worried, is it going to fall again?
My friend asked if I can continue to buy it? But I see a lot of people commenting that giant whales are now controlling the market. I told my friends not to enter the market for now, but my friends seem to have misunderstood me.
Do you think that this kind of market should be forbidden to enter or continue to buy?
I suggest not to panic selling。
I do not recommend that you invite your friends to invest in bitcoin for now, you need to educate them also about what bitcoin and crypto are so they can make it an adoption not only as an investment, you can see my thread here about how cycle 4 the year it worked



the best advice is for the person to google about bitcoin and its risks and after the person shows that he made the effort to do research then you can sit down with him and tell him the advantages and disadvantages of bitcoin, without hiding anything