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Author Topic: Will You Advise Newbies To Enter Bitcoin Now?  (Read 34349 times)
kotajikikox
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May 21, 2019, 08:35:33 AM
 #201

Ofcourse yes why not.newbies wants to learn more about crypto and bitcoin is king of crypto.I advice bitcoin for newbie because bitcoin are very useful nowadays.transaction can make more easily sending fund using bitcoin.so if we have a deal for a newbie and need a payment mode I advice also bitcoin.I challenge them to learn more all about bitcoin or cryptocurrency in general

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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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sctunter
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May 21, 2019, 08:54:25 AM
 #202

not going to do that, that would be risky if near in future the price dump. no one can't predict the price of bitcoin. Better for newbie to do research by their own. so whenever they lost they not going to blame me
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May 21, 2019, 09:30:43 AM
 #203

I think it's never too early and never too late to start practicing Bitcoin. This is a popular field of activity now and anyone can try their hand at it. I see no reason not to do it Wink
They need Senior for teaching anything about Bitcoin. Don't left them newbie alone or self do anything here around crypto world. Such of thing, Newbie can't do safe them wallet or how to sending fund, They only know keep balance on exchange and Trading without knowledge. So here they have to learn about anything.
However one teach them, self learning is the best through which one can get the best learning about anything. Bitcoin too is no exception and we've got more platforms and sources available to learn more about bitcoin and other cryptocurrencies. One can explain the risks and let the new user get into bitcoin usage while the further learning happens on experimenting.

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May 21, 2019, 09:34:12 AM
 #204

No, I will not advise anyone to buy bitcoin. Bitcoin is way too volatile for most people, and they WILL sell during the lows and probably buy during rallies. I learned my lesson seeing how people who claimed to be dedicated sold so easily during the bear market. This market is designed for only the toughest investors.
You might never know how tough the newbie can become in the future, I can advice any body who want to invest in bitcoin to buy at any time because no body no what will happen in the second minutes from that time. But the truth is it advisable to buy when the price is low because you tend to make gain when the price rise again.
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May 21, 2019, 09:51:24 AM
 #205

NO!
I think consulting others to invest in bitcoin or crypto at this time or at any time is quite dangerous. Not because it will seriously devalue will become dangerous, but suggesting others to enter the market but does not suggest they learn about it first is a very dangerous thing. Because when they invest in the market, if they lose, they will take the excuse of being "cheated" so they lose money and if they are profitable, it is unlikely we will be thanked.
The best way is to suggest that newbies learn about Blockchain first and then learn about Crypto. After a while of learning (with your help), they are the ones who make the decision to invest or not.

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May 21, 2019, 10:05:24 AM
 #206

I always advise newbies to at least learn about bitcoin and cryptocurrencies
people I talk to usually heard about bitcoin and want to learn more about it
or they have no choice other than hear me talk about it given the first opportunity  Grin
in any case , I spread awareness as much as I can and I say: buy and HODL
long term bitcoin investment can turn to  be huge in 5-10 years time
even if you bought at 5000 and sell at 10.000 in a couple of years , 50% return per year is something you will never get anywhere else


That's a 100% return, actually Smiley, but I agree with you in general. Among the promising high return investments, Bitcoin is one of the safest kinds. Probably, investing in Bitcoin will never be as safe as putting your money in the Swiss National Bank, but the interest rate in the Swiss National Bank is -0.75 percent. And yes, that's a minus sign in front of the 0.75! The interest rate is negative there.

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May 21, 2019, 10:24:10 AM
 #207

No, I will not advise anyone to buy bitcoin. Bitcoin is way too volatile for most people, and they WILL sell during the lows and probably buy during rallies. I learned my lesson seeing how people who claimed to be dedicated sold so easily during the bear market. This market is designed for only the toughest investors.
You might never know how tough the newbie can become in the future, I can advice any body who want to invest in bitcoin to buy at any time because no body no what will happen in the second minutes from that time. But the truth is it advisable to buy when the price is low because you tend to make gain when the price rise again.

yes I agree with you, no one knows what will happen later, but for a beginner I would suggest learning first about bitcoin before making an investment, and when you're sure bitcoin will be of high value of course whenever is the right time to buy bitcoin.  Smiley
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May 21, 2019, 10:32:43 AM
 #208

I will advise to newbie but wise man who will wait and hold for long term, few mates panic when dump spot in market and sell.
When market goes up they regret. I just advised my friend when BTC at ATH and now he always poke me about his loss.
If newbie ready to loss then i will advise to invest on bitcoin and eth because loss/gain part of the crypto market even every business field. 
Juggy777
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May 21, 2019, 11:17:10 AM
 #209

I always advise people to research about BTC and make your own decisions, it's up to each person what they will do with money
There is a lot of hisk to invest on BTC or every coin in the market

I used to help my brothers to enter on cryptos, but I'm the one who stay strong, even in bear times


In my personal opinion newbies can purchase bitcoins anytime they wish to, all they need to do is buy in dips and over a period of time. In the end I can only guide them about the risks, and gains they’ll get if they hold their coins but should they purchase bitcoins this decision is best left to them.
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May 21, 2019, 12:14:35 PM
 #210

Yes, i will advice to newbies to enter bitcoin now, because this is a good opportunity that may happen to them, because its a big help to their life and they have more knowledge when it comes to crypto.
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May 21, 2019, 12:15:25 PM
 #211



[im g]https://i.ytimg.com/vi/YSbmjtdMz1Y/maxresdefault.jpg[/img]


The general sentiment of the market is getting very positive on Bitcoin as it is experiencing some upward movement. 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. I know this is just another speculative notions but this can be reflective of the ongoing confidence the market has on the King of Cryptos.

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 is never too late to enter bitcoins. Even now, it might be a high time to enter into bitcoins as we can see high volatility and price gap in-between 24 hours gap which might really seem much attractive for the newbies. Newbies would actually enter the bitcoin markets in these situation with greed in their mind and expecting the bull markets to arrive as soon as they buy their first coin.

This might not give them profits but just anxiety to lose their funds. It might be good if newbies could enter the market where they need to hold on the coins for atleast 1-2 months to gain any profits. Current markets might not be profitable for newbies who would use less brain and would more believe on the FUD's.
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May 21, 2019, 12:26:41 PM
 #212

for me it doesnt matter how high or low the prices might be,the question is if they will invest or enter in btc world can they face the fact that there is a lot of chances that they might lose their money?some of the newbies think that this is an easy profit thing which we all know its not.so i can only advise them to learn first how bitcoin works,research more things about other cryptos aswell.that way they will have a solid idea what really they are going into.and ofcourse they need a very long patience for this.
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May 21, 2019, 12:33:38 PM
 #213

As a newbie here, I can say that bitcoin is looking very bullish, and it's really tempting to jump in now. But what all technical indicators are telling is that the pullback is almost inevitable, or at least consolidation at slightly lower levels. But if you want to buy for a few years, anytime is a good time. Another option to buy is, in case you miss with a pullback, is when btc breaks the previous ATH at around 20 000. All the media will be highlighting btc and some parabolic rise very-very likely to happen at that time.
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May 22, 2019, 06:09:25 AM
 #214

Personal research is required to start any business, for the reason any newbie who want to invest in crypto should do it own research which enable he/her to judge what next yo take,this is a good time to make investment in BTC .
There needs some experience and a lot of patience in buying and investing into the cryptocurrencies. Not each individual can make themselves land in profit with minimum knowledge. There always is a lot of knowledge required before you can make any good profits. Just investing into any of the random coin is not going to give us profit.

From my experience until now, new peoples who would join the cryptocurrency markets would have loss initially because there are a lot less chances to have profits. Profits needs a lot of hard work. Even I tried teaching some of my colleagues about bitcoins and trading but most of those ended up in loss which made the rest stay away from the cryptos.
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May 22, 2019, 02:52:21 PM
 #215

As a newbie here, I can say that bitcoin is looking very bullish, and it's really tempting to jump in now. But what all technical indicators are telling is that the pullback is almost inevitable, or at least consolidation at slightly lower levels. But if you want to buy for a few years, anytime is a good time. Another option to buy is, in case you miss with a pullback, is when btc breaks the previous ATH at around 20 000. All the media will be highlighting btc and some parabolic rise very-very likely to happen at that time.

If you check the past charts of the exchange rate, then it can be seen that the pullback (or correction) occurs almost immediately after the end of the bull run. Here also we had a correction, when the prices plummeted from $8,300 per coin to $6,300 per coin a few days back. But that phase is over and now the prices are back to $8,000 per coin.
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May 22, 2019, 03:46:06 PM
 #216

Even though bitcoin provides benefits, bitcoin is not risk free, so I don't recommend buying it before they really understand bitcoin.

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May 22, 2019, 04:14:44 PM
 #217

Its hard, I'm saying that it's hard for a new comer to judge the crypto world by only seeing the btc value. BTC is a part of crypto currency and the other currency is also a part of it. if you see the marginal value among the bitcoin and others then it's shocking. From my point a new comer should try the other currency 1st to observe the crypto market and it's massive fluctuation.

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May 23, 2019, 04:50:44 AM
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 #218

There is no specific time to buy Bitcoin especially to the newbie. The cryptocurrency market place is highly volatile and every investor will make appropriate profit with Bitcoin at one point in time but Newbies entering Bitcoin should be aware of one thing: they can easily lose around a half of the amount invested in case of panic selling when Bitcoin goes down. Being extremely volatile, BTC can lose 50% of its USD value within a week. The question is, where it will go afterwards though. My point is, if you will not panic sell in the worst time possible, it is very likely that you will profit in the future, but this future may come in several months or maybe even in a year. So, don't invest money that you may need within a year, invest only the money you can do without for the period of a long term investment.
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May 23, 2019, 08:13:38 AM
 #219

Well, I can't advise anyone even the newbies if they don't have the patience and discipline to wait because bitcoin's volatility is very high and investing in it is very risky. However, if they really have the courage to go on, I suggest research first what is all about bitcoin and how they can manage to profit from bitcoin's volatility. Because volatility is considered as a high reward investment risk. So good luck for coming into bitcoin investment.
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May 23, 2019, 09:04:01 AM
 #220

Well, I can't advise anyone even the newbies if they don't have the patience and discipline to wait because bitcoin's volatility is very high and investing in it is very risky. However, if they really have the courage to go on, I suggest research first what is all about bitcoin and how they can manage to profit from bitcoin's volatility. Because volatility is considered as a high reward investment risk. So good luck for coming into bitcoin investment.
Yes i agree on that, i strongly advice to those who are newbie to enter into bitcoin world, but before they start they maybe need to research on it, because crypto feild is really not easy and they can maybe become frustrated on it if they dont have enough patience to wait, i know that patience is really important in crypto i was there i been following it for a long time and i see that most succesful person in crypto is the person who has a big patienc.
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