Post
Topic
Board Bitcoin Discussion
Re: So far so good with Bitcoin adoption on my side but I have question
by
JoyMarsha
on 01/02/2023, 17:08:54 UTC
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.
In those 6 weeks of your teaching and answering their questions, did you tell them how volatile the crypto market is, and how they can hodl and have patience with their crypto investment? If you do explain to them how the crypto market works, let them have their first bitcoin investment (investing with their spare money).

quote author=Outhue link=topic=5437292.msg61678904#msg61678904 date=1675060578]
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.
[/quote]

Do you know whether the present price of bitcoin($23k) is the correction price of bitcoin? Having said that, let them invest if they can and hodl on for a long time. The amount they invested in Bitcoin will surely give them profits returns in the future(bull run season)