Will You Advise Newbies To Enter Bitcoin Now?

[BitcoinPanther]

Definitely not, but I would encourage him to study the economics of Bitcoin.   Aside from that, I will also suggest to him to study the market closely and intensively. This way he can decide for himself whether he will invest or not.

[Vishnu.Reang]

I would advise everyone (irrespective of whether they have previous experience with Bitcoin or not) to invest in Bitcoin without wasting any time. All the available trends indicate that we are about to witness a major bull rally and in all possibility we may witness a new ATH sometime soon. The best thing about the current situation is that now most of the users are somewhat experienced ones.

[n0ne]

I would advise everyone (irrespective of whether they have previous experience with Bitcoin or not) to invest in Bitcoin without wasting any time. All the available trends indicate that we are about to witness a major bull rally and in all possibility we may witness a new ATH sometime soon. The best thing about the current situation is that now most of the users are somewhat experienced ones.

That's a good choice of suggesting to invest unlike the market situation. With the ongoing market situation I suggest users to observe the market of bitcoin closely and parallel to the same, make investment on altcoins. Soon there is good bull run to happen with the altcoins. This could get a good profit with the investments made now over altcoins.

[sulendra12]

Yes, once Bitcoin was really high in 2017. Bitcoin could attract more newbies to use Bitcoin(even though they were leaving once the prices were going down), so why would you restrict newbies to enter Bitcoin now with less price than 2017? If you can teach them about Bitcoin, then they can develop their feelings to do something

[tegarp90]

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's not booming again, just a usual bull.. last year many predict bitcoin will reach 30k more but at the Q3 of the year, price crashed.
But for advising newbie, it's always a good time to enter crypto world because maybe it will be something mainstream in the future

[Rooster101]

I think it is not good to advise newbies to join the bitcoin unless they are already well-informed. Cryptocurrencies are known to be volatile and unpredictable and it takes time to understand how these virtual coins works in investment and trading. Newbies should understand that the risk is high and are willing to lose some funds while learning the trade. The number one enemy of newbies is their emotion so if they are really determined to enter bitcoin then they should learn to control their emotion first.

[pushups44]

I personally would not advise anyone to enter into this market, because it requires a unique psychology with patience, a long time-preference, and the ability to withstand prices that whipsaw. I saw in the last bear market how easily the average person is shaken.

[karsyla]

A perfect moment to step into crypto world imho

[LogitechMouse]

NO!!!! I didn't think of it and I will not do it never.

I think those newbies must do some research regarding cryptocurrencies. They must know the risk and consequences that may happen to them so that they will not blame somebody if the worst happen to them.

[Akash1243]

One should be aware of the risks and be responsible and knowledgeable,bitcoin isn't owned by any government,it is unpredictable and hence unstable,so one entering into bitcoins should weigh the pros and cons carefully.

[Janation]

They wont' just ride it that easily.

With a lot of risks on the line it is obvious that they will be thinking that it might be a scam or somewhere close to that. So instead of "entering" Bitcoin, I'd rather tell them about how they can use it and make them experience it. In our coubtry there are a lot of ways to use it that it can even be used with your bills.

[Apes]

Cryptocurrency investment is very risky if you do not understand how it works, even though cryptocurrency investment is currently good at this time especially BTC. I will not recommend to beginners. I'd better borrow her money for invest and later give me a fee when returning. if indeed there a beginners want to invest maybe I would recommend investing in small amounts first.

[BlackPanda]

Cryptocurrency investment is very risky if you do not understand how it works, even though cryptocurrency investment is currently good at this time especially BTC. I will not recommend to beginners. I'd better borrow her money for invest and later give me a fee when returning. if indeed there a beginners want to invest maybe I would recommend investing in small amounts first.

Beginners should learn to understand first, they must be able to understand how Bitcoin works.
When you understand clearly, a beginner is ready to invest in Bitcoin.
Basically investing in Bitcoin is an easy thing, but it needs knowledge to be able to determine when we take action to buy and sell the Bitcoin we have.

[Padawan007]

probably ask newbie to do own long extensive research 1st . if thing go south they won't blame me . At best i attend some seminar and get some book with newbie

[jak3]

Why not, its better to let them face the problem and grow according to their needs then to just ignoring them about this topic. I believe everyone needs to understand what cryptocurrency is and how it actually works. it gives them a clear understanding of money and its power. and they also get a pretty clear idea about the banking system. Maybe newbies are just waiting for this type of chance and because of your ignorace, he/she will lose an awesome opportunity. let them make mistakes and learn even spiderman needs to make mistakes.

[Siren]

If they can afford to lose then why not?but of course with moderation since the market is unpredictable and anything may change in just a matter of hours

And we must advice them than in this investments more are failure if you don’t focus on the system and the process on how this goes from growth to dumps

probably ask newbie to do own long extensive research 1st . if thing go south they won't blame me . At best i attend some seminar and get some book with newbie

That’s the responsibility of everyone so we cannot blame someone from our own mistakes,being knowledgeable is our responsibility and we must be aware of this

[bitbollo]

personally I would suggest people to enter in bitcoin not for speculation but only for the idea of a new technology ad a new way of thinking! Anyway 1 btc = 1 btc doesn't matter fiat price

[klaaas]

I never personally tell people to buy in, now I'll discuss it and what I'm doing but I won't risk a friendship over financial advice.

Could be a option to tell how you rolled into it and what you would do in there position or what your own moves are going to be. That way no hard feelings when it not gos as expected.

[ahmadinejad93]

for beginners who want to invest in the digital world, there is no harm in trying to invest in crypto money that is growing very rapidly. Everyone can be involved in trading 16 million coins which are currently circulating in the market. there are some suggestions that I want to convey including:
1. Compile a trading strategy that is Determine the profit target you want to achieve and calculate the risk factors.
2. Start Transactions From Small Transaction Volume.
3. Always time discipline in determining when you have to enter the market and when to exit the market.
4. Control trading psychology "Clever to control emotions".
5. Pay attention to risk management Risk management is very important in trading to minimize losses.

[FlightyPouch]

I don't think so. Well, I do want some of the people here to use Bitcoin but the thing is that they are new to technologies that even turning a phone silent is a  problem for them. It will be a long headache teaching them how to open exchange and sending a Bitcoin to a  certain wallet. I did introduce Bitcoin to them but I think that is how far I will go.