Binauf
Copper Member
Newbie
 Offline
Activity: 140
Merit: 0
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May 08, 2019, 04:54:03 PM |
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Once a newbies understand that the way to success is graduated by risk and patience,he/she will make the decision of going into Bitcoin or not buy itself, why thinking of the price when you need to concentrate on knowing how it market run
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Bagaji
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May 08, 2019, 05:05:07 PM |
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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.
Will rather not involve myself becasue the market of cryptocurrency is full of uncertainty. For example, completed advise a Newbie and they then proceed to invest and in the process they lost all their investment, what reaction do you think will come out?. Basically, teaching them on how the system work and what it takes to invest into cryptocurrency, the risk involve, sound good than outright advise for them to invest. |
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LUCKMCFLY
Legendary
Offline
Activity: 2408
Merit: 1849
Leading Crypto Sports Betting & Casino Platform
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May 08, 2019, 06:41:06 PM |
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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? Of course I would recommend it, it is the ideal stage that I enter as a champion, because now the market stage is great for anyone to enter into the investment, once the person enters and makes their purchases of Bitcoin, it is not only assure that your investment will grow at any time, but will join a great enthusiastic current of blockchain technology. When a person does not understand very well the operation of Bitcoin and Blockchain technology, he is afraid, it is normal, he has no experience, he thinks that many times everything that happens is fictional and that it can not be brought to reality, but when he sees the market volumes and the market capitalization that occurs, emotion is very big, because it enters a market where it is not controlled by third parties, or by government, where the economy you have is handled at your whim, in addition to the security it offers and the quick transactions, it is worth teaching how many newbies are necessary. |
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Ressurection
Copper Member
Jr. Member
Offline
Activity: 68
Merit: 3
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May 08, 2019, 07:07:30 PM |
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Advising someone to buy bitcoin is not something i deem very appropriate but if introducing the concept of investing into cryptocurrencies to him/her so that's ok. So that the decision to invest actually comes from the individual himself based on the knowledge that has been provided. The crypto market is very unstable and anything can happen.
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jems
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May 08, 2019, 07:29:19 PM |
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Basically I would never ask them (beginners) to enter the market without basic knowledge. Even though it looks potential but still the crypto world is very full of risks.
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sushil7045
Newbie
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Activity: 32
Merit: 0
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May 08, 2019, 07:31:09 PM |
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$3500 was a good price for entry, still a newbie can enter only and only if one can hold till 2021 as bitcoin halving is coming in 2020 and we can expect a bull run in 2020 end or 2021 start.
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Mr.Ease
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May 08, 2019, 07:40:05 PM |
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Depends on how long they plan to hold, and if they are into trading or not. I don't advise people to buy after a near 100% value increase. That is what causes FOMO.
But if your a trader, than sure. Get some and do some trading in the volitile markets we see today.
I would have suggested to buy back a few months ago in the 3k range. That seemed to be a solid bottom for months
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~ Too Many Scams, Schemes, and Shitcoins... ~
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betty11
Copper Member
Jr. Member
Offline
Activity: 448
Merit: 3
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May 08, 2019, 07:45:23 PM |
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I do give newbies introduction to bitcoin, and tell them the risk involved. If they feel okay with the risk, I assist them buy some bitcoin and they watches it increase or decreases. This way, am safe in my leading and not a biased teacher. I won't stop this soon.
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gabbie2010
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May 08, 2019, 07:48:12 PM |
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$3500 was a good price for entry, still a newbie can enter only and only if one can hold till 2021 as bitcoin halving is coming in 2020 and we can expect a bull run in 2020 end or 2021 start.
I advised a newbie in December last year to invest when the price of bitcoin was revolving around $3300 luckily he heeded to my advice now he had made some appreciable profits. I told him to have a mindset of long term investment probably wait till next year. More so its not too early for any newbie to enter the market he should just wait for a minor retracement or pullback of the price and buy to hold else the price might pump to a higher price. |
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ololajulo
Sr. Member
Offline
Activity: 2226
Merit: 270
Chainjoes.com
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May 08, 2019, 07:53:42 PM |
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For newbie entering bitcoin in this time has the lowest risk. This is where 55% of crypto money is now and the adoption will be sustain until we break the previous all time high price. maybe 2or 3 altcoins could be recommended now. Even the top coins on market cap have lost traders and investors confidence and we might see some shaking off as the markets improves.
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Oceat
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May 08, 2019, 07:56:24 PM |
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Only if they were really interested but i won't be explaining everything to them since they don't know the basic yet. If they were really interested then they have to do the rest of the research. We are all started new here and became knowledgable by doing some research and asking. It might be hard at first but they should have to understand what is Bitcoin so that everything on the way will be very easy for them to understand.
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3996
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Samuel4
Jr. Member
Offline
Activity: 331
Merit: 1
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May 08, 2019, 09:38:54 PM |
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From my little experience in the crypto space I will not advice anyone to invest in Bitcoin right away. Every time I am having opportunity to introduce Bitcoin to my people I tell them to start by learning crypto currencies. In that way, the person will know what he or she is going into. Most importantly newbies should be advised to detach their emotions from their crypto investment
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Shenzou
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May 08, 2019, 09:58:48 PM |
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I only advise new people to enter bitcoin to invest in it, only if they believe in its cause and they would have to look it up and research it and know what it is all about, because if you plan on going into crypto only for profit that you will only be meet with misfortune, maybe you invest now and the price goes down and you find yourself losing money and because you think only about them money than you quit it, a lot of people who joined bitcoin in 2017 when it reached 19k only for profit found them selves losing a lot of money because they are greedy, so only invest if you believe in bitcoin.
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Bountyhonter
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May 08, 2019, 09:59:27 PM |
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Many new people enter into bitcoin daily if they don't then we can't actually say bitcoin is getting popular, Anyone can enter into bitcoin at any time as long as they make proper research before entering.
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Pasaway2701
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May 08, 2019, 10:15:26 PM |
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Basically I would never ask them (beginners) to enter the market without basic knowledge. Even though it looks potential but still the crypto world is very full of risks.
You just have to let them know about crypto but not totally push them to invest and say they losing the chance to buy it the lowest. Crypto is very risky and need those who are determine to take the risk and wont blame those who ask them to do invest. It is good to advise them about crypto for them not to be late knowing about it. |
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rodel caling
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May 08, 2019, 10:23:29 PM |
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Yes I will guve advise to take the opportunity to invest in bitcoin because now is the right time, but I can't force them to invest in bitcoin giving advise to them is enough to made decisions what is right or not for them.
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Indrawan77
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May 08, 2019, 10:23:35 PM |
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I think I will advice them to enter now, judging from the market trend and the feedback from several companies, bitcoin showed a great performance and got a big potential to rise again, if the price is not going up now, in the long term we will see bitcoin price going up, but I will also let them know about the risk, so they can prepare their mentality when something goes wrong
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Romeoetin
Jr. Member
Offline
Activity: 240
Merit: 2
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May 08, 2019, 10:28:49 PM |
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I think at this point in the crypto ecosystem, anybody entering a buy should do his or her own research and not rely on speculations. Speculations might be wrong and misleading.
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DreamStage
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May 08, 2019, 10:40:29 PM |
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Sure i would advise Newbies to join Bitcoin now. Why shouldn't you? Just because price is changing rapidly doesnt mean we have to block newbies to enter. It makes it even better as they could become new investors  Just inform them how Bitcoin price affects everything and how / when / why it can change by time. |
Nothing to see here
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Vaculin
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May 08, 2019, 10:52:57 PM |
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I think at this point in the crypto ecosystem, anybody entering a buy should do his or her own research and not rely on speculations. Speculations might be wrong and misleading.
Yes. Research is still the best thing to do particularly for newbies who are not yet aware of the market price fluctuations. If they think they will be able to make profits with this positive market, then they should stand for it and not just believe on other's speculations. I know the market has seen a growing price but we should let them decide on their own based from their own studies and research. |
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