Will You Advise Newbies To Enter Bitcoin Now?

[CryptoBry]

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?

[NeuroticFish]

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?

No. Everybody has to do his own research and take the decision if and when to "enter" Bitcoin.
Also a good strategy for somebody that wants to buy and hold is to buy over longer period of time, so the up/down fluctuations get somewhat equalized.
All I can tell is that the market starts looking good and I am almost convinced it should grow. But this means nothing, really.

[millgates]

I think this time is safe for newbies to start to invest in bitcoin. It seems that the price will not go down to $3.000 again. Actually I have given advice to some people to invest in bitcoin but most of them didn't care about my advice. I only can make one of them to invest in bitcoin, so I teach him how to invest, but now I lost contact with him so I don't know if he still invest.

[Genemind]

It's a beginner's choice if they would enter Bitcoin or not. It would be an advantage if they would enter during this season but upon entering, they should know all the basics and fundamentals of crypto. I wouldn't advise them to join Bitcoin right away but I would tell them to learn everything about it first so that they would have their own disposition.

[harizen]

A suggestion maybe but even we all know how good using crypto is, even we tell them that price will reach $ 20,000, $ 30,000, $40,000 etc. soon, if they are not really interested then our advice to them will just go into thin air. Back in 2017 big hype, some of my well-known people became more aware of bitcoin but still they ignored it since after all, they aren't really interested.

Furthermore, if bitcoin will become bloom again, surely it will spread out in the world of internet and news. Those newbies will surely see it leading them into curiosity on what bitcoin really is. They will now research on it etc. Also, chances now that they will seek our help since they already know we are involved in it.

[TimeBits]

I would advise newbies to become a non noob if they want to get into bitcoin.

1. read the white paper
2. inform yourself about security risk
3. try to earn some bitcoin

[Crypto Girl]

I don't know why people always hop into bitcoin when it started to bloom and didn't bother to invest when it's on dip. Certainly, this is the psychology of some people that don't fully understand how bitcoin really works.

Otherwise, just buy on your own risk but better DYOR if you think you can bare all of the risk then go. I mean we all have the chances to buy cheap but we always take it for granted.

[Ailmand]

Instead of advising them to join in Bitcoin during this time, I think it's best to share some information on how bitcoin works so they won't regret their decision to enter cryptocurrency.
I would advise them to seek knowledge about it first before they decide to invest.
Everyone has the right to enter Bitcoin but as bitcoiners,
we should help newbies to make the right decisions and actions.

[ralle14]

I wouldn't tell someone to invest in Bitcoin just because its recovering and at the same time they're newbies let them decide instead of giving them advises that could lose them money. Imo this might be one of the worst time to buy in since the price is increasing so much since last month you can't avoid the fact that it would go back down again.

[talkbitcoin]

it depends on what you mean by "enter bitcoin".

some people "enter bitcoin" thinking they can buy some, hold it for a while (HODL) and then become millionaires aka get rich quickly. well that is not going to work and i would never suggest anybody to do that.

some others only enter as an investment to make profit (basically a less severe case like the first one). i wouldn't suggest that either.

but if it is to start owning the only decentralized currency that works strongly and worldwide without any problems, then there is not bad time to "enter" bitcoin.

[The Cryptovator]

I wouldn't suggest anything right now. People's just want to enter on bitcoin when its start up trend. Yes, even few people's asked me when bitcoin start up trend, but unfortunately that people's don't believe on bitcoin when it was dumped. That's our nature. Now bitcoin is on confuse mode. We don't know exactly what is going to happen and we are not legal advisors. So they have to decide themselves who want to invest on bitcoin. But just remember we don't know where is the bottom of bitcoin.

[iqlimasyadiqa]

I always tell a newbie to try to enter the world of digital currency and try to invest in the world of bitcoin. in my opinion that every moment has a good chance and a newbie must always learn in every situation. the more hours someone flies in learning bitcoin, the more expert they will be. in fact, I always invite everyone who is not familiar with Bitcoin to be able to feel how useful the use of bitcoin and digital currency is.

[Haunebu]

I wouldn't suggest anything right now. People's just want to enter on bitcoin when its start up trend. Yes, even few people's asked me when bitcoin start up trend, but unfortunately that people's don't believe on bitcoin when it was dumped. That's our nature. Now bitcoin is on confuse mode. We don't know exactly what is going to happen and we are not legal advisors. So they have to decide themselves who want to invest on bitcoin. But just remember we don't know where is the bottom of bitcoin.

You are stating the obvious. No one knows the bottom and no one can accurately predict the price of BTC at any specific period of time, but this in no way means that we should not try to spread the world regarding BTC in a positive manner and push adoption upwards.

The one rule that everyone needs to understand before investing is : Invest only what you are willing to lose!

[Pursuer]

there is no thing different "now" in my opinion for me to advise or not advice a newcomer to enter bitcoin. I have been doing this for a long time and still do. I am not encouraging people to become "investors" in bitcoin which is  the main reason I say it doesn't matter. I am always encouraging people to become bitcoin users instead and benefit from the currency and decentralized aspects of bitcoin. and that knows no time or restrictions. of course it is always better dump your fiat for bitcoin when bitcoin price is in a dip but only as a cherry on top not the main thing.

[jak3]

I do not think telling a newbie about the price is a thing at all. why will a newbie care about the price in the first place? I will surely tell a newbie to get more knowledge about the markets and trading before getting into one of it.

[shesheboy]

I do not think telling a newbie about the price is a thing at all. why will a newbie care about the price in the first place?

its because bitcoin is a currency and it has a value or a price  ,  that's why this should also be included when you explain bitcoin to a newbie

I will surely tell a newbie to get more knowledge about the markets and trading before getting into one of it.

teaching them the market and trading is not good because that was already for the intermediate users and not for a newbie  . as a newbie they should only earn the basics  ( e.g  how to open an account on a bitcoin wallet  )

we must all advise newbies to enter bitcoin so that we can help them to earn extra income and extra knowledge as well  on what is a bitcoin , blockchain and cryptos  .

[minersday]

 Bitcoin investment is all about ones understanding about how the entire crypto space and the bitcoin market operates and the basic factors that affect and causes the fluctuation in the market value of Bitcoin. Advising someone to join or enter the bitcoin space without the person understanding the above factors will just be a waste of time and the person might lose a huge portion of his/her investment capital. It will be better to educate newbies about the nature and purpose of Bitcoin rather than advising them to invest in Bitcoin.  

[kryptqnick]

If by advising the op means partially taking responsibility for potential losses, they no way, just like others said. Of course each person is responsible for managing one's own funds and making financial decisions. I will express my opinion, however. I believe that the market is clearly moving towards a gradual upward trend. The price is increasing in general. If one of thinking about a long-term investment, now might indeed be a good time to join. That is, if a person is ready to stay calm in case the price temporarily drops.

[bhabygrim]

Joining Bitcoin is a matter of choice but before joining I must advise doing proper homework, research, and analysis as it will help to dive safely in the Bitcoin market.

i agree with you. Before joining or entering crypto society they MUST research on what it is all about.
You still need to work it out by yourself but you can also learn in forum. If you are going to enter crypto right now.
Forum is one of the best training ground and also for you to gather more information. 

[izanagi narukami]

Remember that cryptocurrency is high risk investment so you need to warn them this before too late.
For me, it's great choice to let people know there is alternate investment that they can choose and made profit up to 200%
And it's really difficult fo find people interest on crypto !