Post
Topic
Board Speculation
Re: Can I recommend a friend to buy Bitcoin now?
by
posi
on 15/12/2022, 13:20:05 UTC
Inviting them to buy, of course, is a risky thing, although the opportunity for profit when buying at the current price is very large but the risk is always there, even many analysts are sure that prices can go down below $ 17K.

really this is a good time to buy bitcoin but to be honest i don't recommend my friends to buy at this time, some people still ask me about bitcoin but what i want them to know is knowledge about bitcoin, not investment in the first place
i know they know about bitcoin because the news bitcoin price surge brings wealth to many people, but it is not that simple. so i advise them to learn everything about bitcoin first not only profit but also risk it can bring them
as long as the market is still there, opportunities are still there, as long as they know how to seize everything, it's not too late to invest in the future
Yes, I will also do the same as you, instead of having to recommend buying bitcoin now, I prefer to give them the basic knowledge about bitcoin first, what are the advantages, I will definitely reveal all the risks involved. Not everyone will understand quickly what bitcoin is and also they are attracted to bitcoin because they heard that some people started good entries so that it is profitable for them. But not everything that happens is as expected, sometimes we have to be patient longer before feeling the benefits. After they understand, I'm sure they will understand what they should do without us recommending it.

Indeed, giving financial advice to someone is really not easy and shouldn't even be because we are not them, we don't know what they're thinking and what they want, are they willing to take the risk or not...a lot to talk about. I will do the same as you two, give them knowledge and let them decide for themselves whether to invest. Investing in bitcoin is very risky, even if we are not sure we can make a profit, we cannot give arbitrary advice.