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.
Not really a wrong idea to tell them they had to have their own Bitcoin while the price is still considered as "cheap or affordable".
Waiting for the bottom might probably the bad idea, because what if we already had the bottom? And when the price starts rising, then doubts would arise as well, then it might create a FOMO for them and they'll pay more than what the price currently. Therefore, IMO, it's not really a bad idea to let them buy today and teach them how to DCA moving forward.