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.
If they are a newbie, then it's not ideal to advise them to buy BTC right away. Keep teaching them what you can, and give it your best. Hopefully, when they are ready, they will be able to make their own profits without any advice. You can give them a small amount like $5-10 as a gift and tell them to HODL it for the future. When the price will become high in the next bull run, you can ask them to check their balance then. This will motivate them even more to learn about BTC.