Quote from: Bd officer on December 18, 2024, 01:15:30 PM

Quote from: bitzizzix on December 16, 2024, 06:59:18 PM

And I continue to motivate them to continue holding or if they want to continue buying periodically because I guarantee that in 2024 the price of Bitcoin will reach $150,000-$180,000.

OP, you gave your friends ideas about bitcoin and your friends invested in bitcoin which is great job. It is very good that your friends are profiting in investment. However, we do not know what kind of ideas you have given your friends? Hopefully you have made your friends aware of the risk. One thing I don't think is right, you guaranteed that bitcoin price will reach $150k-$180k in 2024. Actually Bitcoin price is volatile, no one can tell exactly what will happen when. So you should not give a guarantee. You don't just show your friends big profits. You also make them aware of the risks.

Motivating someone to still hold Bitcoin is good so they realize what benefit of Bitcoin to them. Yes, we can not guarantee them to see the price reach $150k-$180k in 2024 because as we can see now, Bitcoin price has been down a lot from the last ATH. Even this day I see the price were in $99k.

You can tell to your friends that this time is a good time to buy more Bitcoin as the price is down. But it is better to tells them about the risk of the down with the price that they already saw now that Bitcoin price can goes down and not just increase so they can understand about the risk.

We still have at least two weeks to see if the price can reach $150k-$180k in 2024. But if Bitcoin price can not reach that price, you need to explain to your friends that Bitcoin have more opportunities to increase in the next year but there is still uncertainty for Bitcoin.