Have I done the right thing by telling them to wait for some correction before buying or you famz have a better idea? Because right now I don't see anything thing better than to wait, double bottom is always possible with Bitcoin in bear markets.
You cannot expect everyone to buy at the price and enter the market at the same price you purchased your own bitcoins, and you should have let them buy it as their interest was high. I feel telling them to wait is not the best because waiting is dangerous, they can loose interest, or the money that they had and intended to use in buying bitcoins can enter into other expenses. To play the waiting game is dangerous.