Will You Advise Newbies To Enter Bitcoin Now?

[Lucius]

It is completely wrong to advise someone to invest in something, especially if this is extremely volatile as bitcoin. In addition, bitcoin investment is not nearly as easy or simple as investment in stocks or real estate. What I would advise to anyone who wants to invest in bitcoin is to spend some time (few months), in the gradual understanding of what is it all about. The next step would be to buy a small amount of bitcoin ($10 - $20), downloading wallet and practicing transactions. In case a bad thing happens (hack, losing of wallet...) damage will not be too big.

What is important is not to push someone into something that is not ready for, this can have very negative consequences, not only in terms of losing money, but also in disrupted human relations.

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[Tagus45]

No, I do not encourage beginners to buy bitcoin before he can understand and understand bitcoin, with him being able to understand bitcoin he will be able to make his own planning.

[AjithBtc]

Right now the usage of bitcoin has increased, but in terms of percentage of I believe it is less than 3% of the people use bitcoin. Newbies can be advised to use bitcoin, but we need to insist them all the risk factors associated to it prior of making an investment. Though the price has increased high I'll advice newbie to enter bitcoin as there is promising growth.

[spadormie]

Yes and no. Yes because base on what statement you presented, bitcoin is gaining price again and will create a high price this year. Gaining a good price makes cryptocurrency market gain another investor from different parts of the world. No,  because anytime you can really enter the market. But it's up on your own risk if you wanted to enter now or later.

[Betwrong]

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With this backdrop in mind, will you advise a newbie to bitcoin to enter at this stage so he can be able to ride the coming "boom" or will you tell him to wait some more until the market is dipping?

In the end of November 2017 I created a wallet for my friend who wasn't into crypto at all. I sent him $5 worth of BTC, and when it became $10 he asked me "Should I buy $1,000 worth of BTC?" I said, "I don't know, it can go down too." Although I personally didn't expect the slump we experienced later, it appears I said the right words to him. He's not rich, and losing $500-$600 could be pretty painful for him.

In short, I wouldn't advise a newbie to invest in Bitcoin unless the amount he's going to invest is nothing to him/her personally.  

[BrewMaster]

until the day we reach mass adoption and bitcoin price is above $1 million it will remain a good time to enter bitcoin for anyone and for those who are already in bitcoin to buy more and store them in their cold storages.
and now, since the price is still closest to the bottom and is about to start the big rises (we are currently in the first leg up of the upcoming rallies) it becomes an excellent entry point for anyone who has been waiting for such a time.

[_Django05_]

With this backdrop in mind, will you advise a newbie to bitcoin to enter at this stage so he can be able to ride the coming "boom" or will you tell him to wait some more until the market is dipping?

Sure, i would do tell them about bitcoin. But i will encourage them to do their own research about it before making any decision on investing before it break them down. Bitcoin volitility is incredibly high, whether to invest or not, it’s up to to them.

[Nhor1011]

Well,i can introduce bitcoin to newbies but i will not advice them to enter in bitcoin. It is important that they can make their own research and study about bitcoin and of course do their own decision if they like to enter in bitcoin. It's difficult to give assurance that they can get money or make profit if i will advice them to enter in bitcoin because we all know bitcoin is volatile and using it needs to have knowledge to avoid loses.

[meanwords]

I would just take some time to explain what is the potential of Bitcoin to grow in the upcoming years. I'll let them draw conclusions with this. It's hard to advice some risk taking ventures if those newbies don't know what they are dealing with.

[enhu]

Why not. What we need right now is more money coming from new investors on crypto. We have seen finance institutions investing into crypto since 2017 if they have been trusting the blockchain for quite awhile new investors in crypto shall also deserve the money of the future. If a person has to look for the investment its not hard to figure cryptocurrencies as its been advertised a lot on youtube as well.

[lienfaye]

With this backdrop in mind, will you advise a newbie to bitcoin to enter at this stage so he can be able to ride the coming "boom" or will you tell him to wait some more until the market is dipping?

Regardless on the status of the market I often tell to those who have no idea what crypto is to try engaging themselves in crypto particularly on bitcoin and see if they can gain something through their experience.

However I dont encourage or dictate them to invest without proper knowledge on how things work here. I want them to have their own will and understanding so they can decide for themselves.

The value seems continously moving upward and it might an indication that bear market is over, therefore a good timing to enter in the scene especially for newbies. But its better to dont have high hopes because the market can turns up and down in snap.

[Slow death]

The general sentiment of the market is getting very positive on Bitcoin as it is experiencing some upward movement.

this price increase is bringing a good climate of optimism

A lot of people are expecting that Bitcoin will soon breach the $6,000 level and can possibly go beyond that level in the coming weeks and months...and there are those already predicting of $8,000 or even $10,000 before 2019 ends.

still difficult to stay above $6000, but I believe that in the coming weeks we can see the price above $6000. Until the end of the year, we may end up in the range of $8000 to $10,000

will you advise a newbie to bitcoin to enter at this stage so he can be able to ride the coming "boom" or will you tell him to wait some more until the market is dipping?

it depends on the person you are giving advice to. for example if you were talking to some trade professional or someone experienced with high risk investments, then the conversation would be very different and you could give some advice about investments in bitcoin because these people would do research before buying bitcoin. But never give advice to someone naive who never made any investment

[okala]

I normally advice any newbies to invest when it convenient for them I buy bitcoin whenever I have the capital not minding the price at that time, but if you think because the bitcoin market is on the rise and you think it right to invest you may get it wrong because bitcoin price can move in whichever direction at any time because we dealing with a volatile asset. But it advisable to buy when the price is low.

[proTECH77]

Never will i advise a Newbie to enter Bitcoin now becasue whatever happen to him or her, am responsible. Will rather teach such and interested Newbie how he or she can make money from Bitcoin, if there's intention on the part of the Newbie. Although, have taught my friends on how to survive in the world of cryptocurrency but will not advise to venture into Bitcoin. 

[maydna]

Yes, of course, why not? I always advise new people around me to invest in bitcoin at any times, but I never suggest them to buy with all of their money because I know that it will be too risky for them. Besides that, I've always said that make a 3-5 buy order to prevent if the price is down so he can get a lower price.

I already tell them to invest in a few months ago while bitcoin at a very low price and some of them use big money to buy bitcoin, but the other only use small money. I say that it's no problem at all because at least, they can get a low price plus they can buy again when the price is down, but some of them decide to buy at $4000-$4500 range price.

[Yamifoud]

They are free to be a part of this community or even engage in trading but be sure that they are strong enough to face the challenge they'll encounter sooner. Cause if they aren't like that, then they better to spend time in reading and improve their knowledge in crypto cause that's the only tool for them in order to survive or be successful.

[uneng]

With this backdrop in mind, will you advise a newbie to bitcoin to enter at this stage so he can be able to ride the coming "boom" or will you tell him to wait some more until the market is dipping?

It's always time to enter bitcoin market. Sooner a person has interest for bitcoin, the better. The currency price isn't the only attractive, as many opportunities on the financial field appear when the person uses bitcoin, especially job opportunities that are so hard nowadays in many countries.
And even 6000 dollars look very expensive for now, bitcoin can go further, I'm sure. Knowing the risks newbies can enter the market now, on long run there are serious chances they will be satisfied with the results.

[dmamigo]

Doing it everyday, atleast I try to introduce whenever I get a chance. Cryptocurrencies are restricted in my country, so cannot do it extensively, but do it depending on the individual's mindset towards acceptance of something wonderful and something new.
And not only Bitcoin, but I do explain the whole system and all the coins worth a mention or worth knowing.

[Kakmakr]

The fact that nobody can predict where the price is going to go in the next all time high, makes it possible for us to introduce "newbies" at any price point. You are either lucky or unlucky depending on what the market decides what the price is going to be. We know it came down from $18000+, so the general feeling amongst many traders are that it can go back to those prices in the future.

I always say, invest a small amount and get your foot in the door, if it goes to the Moon, you make a huge profit and if it tanks.. then you only lost a small amount. 

[beliomir]

I will advise a novice to buy a crypt at any time, but only on the start of their funds to start exploring this industry.