Post
Topic
Board Speculation
Re: Can I recommend a friend to buy Bitcoin now?
by
carlisle1
on 14/12/2022, 11:10:21 UTC
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.

Recommendation can be used as the basis to begin with, but yes, proper education and right knowledge of anything that you would like to invest or to work with will give you good chances of success.

Without any knowledge, you will risk your money and your time. There are people who have been to encourage from the recommendations
of friends and families, most of them failed to survive.

Money matters, emotions are always the big factors when deciding. You are not exempted from panicking when collapse happens so
better to established a good preparation before entering this business.