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.
Your responsibility is to teach them to understand everything they want to recognize about bitcoin but when it comes to investing I don't assume it is Ideal for you to make suggestion on what to do. You need to make them understand the market, it volatility and the risk involve in bitcoin. It is necessary you should not get contain in their monetary selection due to the fact if you tell them now not to invest due to the current price of the market and the market later turns out for good you will blame for not permitting them to make investments earlier and if you inform them to make investments and the market does now not profit them you will nonetheless be blame, it is properly you let them take selection and the risk.