I wish there is a way that I can show families on here how successful I have bring numbers of people into Bitcoin between 2021 - 2023, it's been so great and I am very happy about it, I have fresh newbies at hand right now, two of them are from the same university 🎓, I have spent 6 weeks with them teaching and answering questions about Bitcoin and wallets, now they decide to purchase their first set of Bitcoin.
Here is where I am confused, the present value of Bitcoin is growing, some said it's because of the Chinese New year Holiday aka Year of the Rabbit, since I got mine at 17,000 and 15,000 I feel it's wrong to tell these newbies to buy at 23,000$
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.
The decision to buy or hold is subjective and depends on individual investment strategies and risk tolerance. However, it's generally recommended to consider the long-term potential of an investment rather than short-term price fluctuations.
Double bottoms can occur during bear markets, but they are also uncertain and can't be predicted with certainty. Some investors prefer to wait for corrections, while others buy and hold through market cycles.
Ultimately, it's important to do thorough research, consider your financial goals and risk tolerance, and seek professional financial advice before making any investment decisions.