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
Indeed, one should not invest in anyone's recommendation or wisdom. Must first have proper understanding, education and reasoning power about Bitcoin and Cryptocurrency. If not, it can cause a lot of damage.
And also it is really that regretful when you do follow someones advice and did turn out to be that a losing trade or investment then this is where regrets do comes in and would be blaming out thats why learning for
yourself when it comes to investment is always been that recommendable.Its not bad to look for some learnings on someones experience but you shouldn't really be relying on it since its not really that recommended.
If you are someone who do make out recommendations then be sure not to forget on making some warning or caution on someone that this isnt something that you could easily
deal with and also this isnt a market that could make out easy profits.