Bitcoin Forum

Last year, when Bitcoin was down at about $16k–$17k, I screamed, I shouted, I appealed, and I persuaded all my friends and colleagues to get it. Some are IT professionals, some are business owners, some are investment bankers, and some are government employees. I offered them the best strategy to get in easily without any stress: the dollar cost averaging strategy. When we hung out for drinks, I would always find a way to bring up the Bitcoin conversation. On our WhatsApp group, I did the same thing. Their counterargument was that Bitcoin has no value. And their assertion was further fueled by the FUD, FTX, and all of those negative news stories about Bitcoin that were all over the place last year.

Fast forward to February 2023. Bitcoin is now worth more than $24,000. They're highlighting my messages on Bitcoin from last year and wanting us to meet and talk about it. "How can they get in?" they'll wonder. "Is it too late?" they have X dollars they can spare. They are my friends, and I am going to help them out. While I am glad they have shown some interest in it, I do not feel pity for them that they will have to buy it now while it is at $24k, because if there is one thing that I have learned so far in my Bitcoin journey, it is that everyone eventually buys at the price they deserve.

It is not too later to invest in bitcoin. They are getting something wrong because the price increase, they want to rush in, that is one of the ways they may later fomo and invest at the wrong time in the future. They need to learn, you need to teach them, especially about the risk so that they will not blame you what you do not deserve, because at the end, it would be a big gain for them if they can be patient.

They may invest now and the price of bitcoin drop to $23000 or  $21000, it is possible. You need to educate them and how it is possible that bitcoin will reach over $50000 again, which may be this year or next year. Let them know that they may invest and begin to lose, but they should not panic but be happy and wait for what will happen if they have long term investment plan in mind and if they go for it.

It’s actually a great thing that you wanted to introduce your friends to bitcoin but the persuasion is one aspect I don’t advise in advocating bitcoin. Had they bought it and it later dump a little you will be held responsible. More so persuasiveness could actually make some people invest more than they can lose with the mindset of getting hefty profits in a short time. We should just Allow them to pick interest in the value of bitcoin themselves and not bringing them into it with only a get rich quick mindset.

Nevertheless every time is the right time to buy bitcoin that is if you can hodl for long and not panic when it is in it bearish period. Imagine people that were advice to buy when it was $40K without the perseverance to hodl they will sell at panic price. Right now you should advise your friends on DCA probably weekly since bitcoin is in its recovery phase now. But the funds been used to buy bitcoin should be money they could lose or more so could do away with for a very long time. Because the only to avoid losing in bitcoin I holding for long

Do not compel anyone to invest in Bitcoin, regardless of your motives. There is already enough easily accessible information for anyone who wants to try out how it works that you don't need to shepherd anyone into investing.

Try to question their reason for wanting to invest now. Anyone who hasn't picked up any real interest in Bitcoin or how it works probably is not fascinated by it and if their reason for wanting to invest is cause the price has moved from point A to point B, with point B being a higher price, then they would likely panic if the price moves back to point A or lower.

I like the way your title of your thread is coined and how it's highlighted in the last statement of your the OP (Buying at a price they deserve). You know, if they @Your friends, hand invested as immediate as you urge them to, they would have seen little value still in bitcoin and view it for some scheme or a thing for the while. They even won't have valued the profits they would have made since, they've got no course for regrets.
Now, with the opportunity to have been left hanging and there minds set on what could have been gained which is now lost with the market, they would better understand the advantages of taking chances when it's best.

Well, the good news remains that, no time is too late to invest. Your plans for your investment is what makes you end in profit or not. If you've got the time @OP, you could as well guide them but, don't let yourself be pushed.

We talk more about the choice of when to buy bitcoin or sell it depending on the preparedness of our financial situations being capable to meet up with the current demand that can warrant us to either push to sell faster or continue to hodl, but as long as we buy regardless of being dip or not, once we hodl our investment for some time, then there's high probability that we are going to have a good return from it with time, we continue to buy the dip because this present high will later turn to future dip when a new ATH had been set, this makes setting in for bitcoin investment to be always profitable regardless of when we enter as long as we can cope while holding.

I did the same with every close friend and relative, fortunately they listened to me. Most of them invest in bitcoin, and some also buy altcoins with a portion of their investment for testing purposes. Guess what! All their altcoin assets are down now, and they regret testing it. But all of them are happy with their bitcoin, and they holding it for long time.

I don't know about your side and how your approach your friends. Maybe they don't see the results in you or are too lazy to research bitcoin/cryptocurrency. If you want anyone to follow your advice, show real-world examples and what made you advise them.

Remember that Bitcoin is unpredictable. Today it's $24k, but tomorrow it can crash to $18k. If your friends fell for FOMO, they can also easily fall for FUD, especially since they already did that when they dismissed Bitcoin earlier. So make sure to explain to them the importance of having a strategy, being prepared to hold at a loss, explain to them the nature of Bitcoin cycles and how the halvenings bring big bull markets. Because if you fail to educate them properly, you will be doing them a disservice.

People don't buy at the price that they deserve but only buy at the price they think will start getting profit because nobody knows the best price. If you say a price they deserve then nobody wants to buy and afterwards they start to lose money. Everyone wants to be a wise investor and for bitcoin you can't hit your chest to be a wise investor until your investment starts giving you profit. Advise your friends that bitcoin investment is not totally a profiting investment especially if you don't start getting profit. They need to have the heart to sustain the time of loses.

It can but it should not. The reason we have crashes is because people start panic selling when there is bad news about BTC. We cannot predict this but I do not think it is BTC that is unpredictable but the news around BTC. If a company like FTX scams its users then we cannot predict that but I am confident that BTC would have continued to grow strong if that did not happen.

Are you a financial advisor or something similar? If you're not, I don't see any good reason why you would behave in the way described above, because why do you want to be responsible for other people's finances? Investing doesn't end with someone buying Bitcoin, what about proper storage and security?


It seems that money is not a problem for any of them, and it seems that they do not even need to invest in something like Bitcoin - because much more interest in Bitcoin is shown by those who belong to the middle or lower class. In addition, bankers and government officials are mostly against the idea represented by Bitcoin.

Well do what you gotta do OP. Who knows if 24k becomes 64k again just like the good old times? As long as it is okay to lose the amount anyway, no amount of money would be felt "wasted" or "down in the drain".
Good luck helping your friends out, OP. I had done the same thing before, but it just didn't work out for both of us. The jealousy just becomes the dominant when it comes to having businesses with your friends, lol. What can I expect anyway when it comes to earning money.

Does your friend already understand this investment including the basic knowledge? Is he willing if later it becomes a big risk in bitcoin investment because if you look at the price that is $24k and he buys it means he has fallen in FOMO.
Even though I know that the investment is for the long term he keeps it for longer because starting from now is never too late even though this is a reasonable price for them to buy at the current price of $24k.
He just needs to be patient to wait for the price of bitcoin to return to the pump. He must know that he cannot predict when the time will come, what is clear to him is that investment requires patience.

in fact it is. Those who belong to the middle or lower class are more interested in starting their investment in crypto, and not without reason, they start investing because to get more returns by buying bitcoins at the lowest price. But for those who have middle and upper class steady jobs usually tend not to care because their own work is enough to produce, and some do get into crypto for long term investment, but some don't make any investment. Like government officials who oppose the decentralized system and even become crypto haters.


$24k to $64 is very likely, it will touch the last ATH, maybe even more when the market is already bullish and the timing is right. just focus on the main goal, do it for the long term. It will give you greater profits when you are patient and wait for the right moment.

I remembered myself in your story. It turns out that I learned about bitcoin a very long time ago, almost from the very beginning, moreover, I was offered it for payment, but I did not believe it. It was only later that I grew up and realized its full value.
Today, if my friends have questions about bitcoin, I don’t try to prove anything to them; I simply give them a link to this forum. Smart people will be able to figure out for themselves that with so many people on the forum, it's hard to think of bitcoin as a dummy.
And yes, if someone is not ready for it yet, maybe they will deserve bitcoin later.

This is a similar story to mine, when a friend first advised me to invest in bitcoin, he explained everything to me exactly as you did for your friends, but I was too afraid to do so because there were some scams and Ponzi schemes operating in my country at the time, so I assumed bitcoin would be no different. It took me some time to discover what I had been missing, but even though I had joined out of FOMO, things didn't start off well but I ended up making some gain even though things might have turned out differently had I joined sooner.
Introducing them to bitcoin is really a good thing to do make sure you tell them what about the risks involved and that its not just a money doubling scheme where they expect huge returns in a matter of weeks and let then know how the market behaves and how the price is influenced. They should invest the little they can afford to loose for now. It’s better late than never.

They deserve to buy Bitcoin at $24k for ignoring your messages last year. They didn't have any interest in getting Bitcoin when the price was still around $16k–$17k, at that time they were still unsure about Bitcoin because they didn't fully understand how to invest in Bitcoin.
Their interest grew after learning about Cryptocurrency, despite the risks involved, Bitcoin proved to be able to survive the storm. There's no need to feel sorry for Them, it's still early days. There are many other beautiful moments that can benefit them, the most important thing is that they are now aware and sorry for ignoring your message.

No time is too late for bitcoin investment. Everyone can invest in bitcoin at any point in time. Don't forget that not many people are familiar with bitcoin investment. In the years to come, when the price of bitcoin has surged above $24,000, there will be incidents of people discovering and learning about bitcoin investments by then.

If your friends want to invest with their spare money and they are ready to hodl onto their bitcoin investments until the bull run season, $24k is still a decent price to start with

maybe your friends felt sorry when they didn't listen to what you proposed at that time because the price was relatively cheap and in fact, they realized when the price had increased.
this teaches them a lesson, and I hope you will also explain and discuss with friends in advance regarding the risk of the investment being made. if they do not accept when the future price of Bitcoin does not match what they had planned. they could just blame you. everyone should be aware.

I can't blame anyone for not buying at a lower price. Due to the poor financial situation, some of us, myself included, were expecting Bitcoin to crash even further, but it didn't. I don't really mind since I didn't have the necessary budget to purchase, so I was stuck accumulating through my signature campaign, during which time I was receiving significantly larger amounts of Bitcoin. However, it's still far from being "too late" to buy Bitcoin at the current $23,000 price, which isn't too bad if you're interested in long-term holding.

It is not advisable to persuade anyone to invest in Bitcoin, and just because you feel that 17k is the bottom doesn't mean it will work out that way, we are still currently in a bear market so anything is still likely to happen.

I have a brother who planned to buy Bitcoin and other crypto projects only when Bitcoin goes below 10k, he stands firm on this plan of his and told me to follow the same step but I refuse, because I like doing something opposite of what everyone is doing, so I start buying Bitcoin at 17k.

I plan not to run out of cash, so that when unexpected opportunities arise I will have money to take advantage of the situation, I believe this is the best that anyone can do for themselves, instead of relying on what may happen or what may never happen, I say, be prepared for both.

 You don't need to feel pity for them because they made choice for themselves,  atleast they will learn from it not to miss the opportunity for next time. Many people take it for granted to buy bitcoin at low price, they feel the price will keep on getting low, they only want to watch if the price begins to rise that will be the right time to buy. When the price keeps increasing they become confused to buy because they feel buying at the moment is expensive compare to when the price was very low when they had opportunity to buy.

That's the goal anyway, but when we're talking about "likeliness" we'll never know. It might take decades, years, months, or just a couple of hours to reach that. In the long term, just keep holding. Not like it is all about making me earn a lot of profits anyway as a long-term holder.

Others may say that Bitcoin is like a money-making scheme just like the one I previously replied in the other thread, but nah that's just the icing in the cake.

I think that it is just a normal expression that we will have when the price of Bitcoin suddenly dropped very much in a short time. The problem at that time was probably we are too late to take profits and the price had been declining until this day. But, there are also other people who are expecting this situation by utilizing every chance to buy the price in dip and make more accumulation for long-term investment.

I really agree with you that everyone actually buys Bitcoin at the price that they deserve, that they can afford, and that they think that the price will be more valuable later. Moreover, because Bitcoin is very worthy in the long term, it doesn't matter too much actually if we are buying at any price rate. As long as we can manage our investment and also emotion not to panic in every situation.

True, people buy bitcoin when they deserve it. Not buying at a lower price could be the result of some unchangeable factors. People are constantly hoping for the price to fall further before purchasing, only to be disappointed when the price eventually rises again; the worst-case situation is for one to keep procrastinating.

If your friends want to buy now, they can because it's not too late; bitcoin still has a long price range to reach its current ATH. Don't force any of them to buy it; instead, let them do so at their own free will and at their deserving market value, as stated in the title of the topic.

The storyline sounded very familiar and as I was reading I already knew how the story will end. Good thing though we haven't entered the bull market yet and the price is still very affordable for the average users to afford a whole number of Bitcoin. It isn't a must to buy one Bitcoin as you can buy fraction of Bitcoin but I recommend you get them to try holding a Bitcoin as there won't be enough to go round when wider world adoption starts pouring in. It's inevitable that Bitcoin will be trading above $100k eventually so by then holding atleast 1 Bitcoin would be the best decision any investor in the space would had made.

Help your friends out, get them involve more in the industry and not just buying Bitcoin. Educate them on exchanges and wallets. Many investors don't know the difference between decentralized and centralized service providers and that's wrong which is why we still have a very large amount of coins been held on exchanges. To then they believe it's safer there but we all know it isn't because we have been enlightened on those topics. Do the same to them so they wouldn't add to the ignorant investors we already have flooding the industry.

I would expand on what you say: don't compel anyone to invest in anything at all. If it goes badly they will blame you, and if it goes well they will probably not even thank you. Add to this that surely in investments as safe and profitable as bitcoin, more than one will hesitate to sell in a small market downturn, and what are you going to do then, insist that they don't sell or even buy more? People need to invest according to their knowledge and goals and not have someone watching what they do and telling them whether to buy, hold or sell.

Everyone has pre plan to buying Bitcoin and  there is no end to the frenzy among those interested investors for buying Bitcoin. There are some investors who cannot control greed. For example, someone waits to buy bitcoin at $17k, then if it goes down a little further, they wait for the price to drop further, but then the price may turn upside down and the investor cannot afford to buy bitcoin.

Just as not everyone will be able to buy bitcoins at low prices, many investors will not be able to profit from bitcoins even if they belongs to. Bitcoin is considered by many as a money making scheme, Only those who are long term holders can get that advantages from Bitcoin.. An ordinary investor can never wait for that desired moment of Bitcoin.

You're lucky because you're in the right moment, what if you've persuaded your friend when Bitcoin price was at $69K? all of your friends will mocking you until now lol. If they're your close friends, you might get a mental health problem because they will always mocking you about your stupid prediction. However the good thing right now Bitcoin price is still stable at $24-$25K, don't forget to give update when Bitcoin price touched $15K lol.

If I were you, I would be very careful about giving advice to my friends.
Each of us is different, has different experiences, knowledge, personal and financial situation and expectations in life.
What is good advice or suggestion for you is not for someone else.
Some people do not understand the risk of investing, some people are not patient enough to wait years for the return of their investment, and some people cannot control their emotions and as soon as the investment's value drops, they immediately sell everything in a panic.
In short, any kind of investment, whether in crypto or in something else, is not for everyone, and it's even more difficult if you come into conflict with your friends because of such things.

It would seem to me that you are very enthusiastic about your friends investing in Bitcoin, whilst to you it might seem a good thing to do, it actually is not, for obvious reasons actually, many of which has been highlighted in this topic already, the moment you are somewhat of the catalyst as to why someone invests in Bitcoin, you are already bearing the consequences of any mishap that the person might incur in the course of that investment.

Having said that, if your friends are suddenly interested in Bitcoin because of this minor pump, and they now see that the price has gone up from when you guys had your last discussion, then you should prolly tell them not to invest until they absolutely know what they are getting into, the price might be high today, but what if a plunge happens tomorrow, can they bear it, can they hodl.

When you say buying at the price they deserve it make it sound like when the price was low they refused to buy, it all depends on their budget, the price might be $23k and me I don't have up to that amount that point in time, not that I don't want to buy but my money is not up to that amount, and I will have to miss out on buying when the price is low, and when I have the money to buy, the price has gone up, so I might want to wait to see if the price will come down again, and before you look it has gone up and up.

The cryptocurrency market is very volatile and you cannot be sure that the price of BTC will constantly increase. It may take quite a bit of time and the price of bitcoin will drop below the price at which you bought and your friends will have a good opportunity to buy BTC at a lower price.

There's no need to force anyone into buying Bitcoin, investment is a choice that everyone should do by theirselves. instead what you need do is pass the necessary information to your friends and let Bitcoin start to reflect in You , with these and as time goes on, I promise you they will be the ones looking for you, because they have started seeing what Bitcoin has done in your life.

I guess understanding comes in degrees, when you were begging them to queue on lower price rate of $16k they might sees it as something scamming, not worth taking risk or get rich quick scheme but the magic is that time do not wait for anyone at all, is either you realized it early or lately that what you're supposed to be achieved early is now a late project.

But they are your friends do well to see them through, when it comes to bitcoin you're always on time. They can still achieved their dream trading, investing and mining with bitcoin. I guess your success so far baffles them.

We need to buy whatever we want to buy from the market with asking people of the best way and time to buy some holdings. The market keeps going up and down and we need to plan the market well so we can buy at the best possible price. No matter the price we choose to buy from the market, we all going to make profits depending on how long and far we can hold to make profits and sell back from the market.  Cryptocurrency keep growing and we need to understand somethings about the market so we can buy at a best lesser price. We cam not be always accurate here because we might end up buying at the late time when the market had gone up.

The good thing about it is they are the one who is asking you right now and you are free to say the things they need to know especially those important things like volatility and how to prevent themselves from scammers and to protect their keys from hackers. Put the profit aside first, what is important is they need to learn those basics and fundamentals to protect their coins and I'm sure when they get used to it, they will gonna buy bitcoins with the spare money they have after they bought everything they need in their house. A little amount of bitcoins is not bad than buying it with the money you can't afford to lose because that would be worse if you need back the money and the price of BTC has not recovered yet after it crashed just after you invested.

Trading bitcoin have always favors the ones that goes for knowledge first before venturing into it, because when you really know what you are doing, after doing your technical analysis, you will always know the best time to buy, but someone that doesn't do any analysis will buy, but he won't make as much as someone that knows his or her way in the cryptocurrency industry, if he is lucky not to record some losses.
It's very true that we buy at a price we deserve.