Will You Advise Newbies To Enter Bitcoin Now?

[be_TOK]

Bitcoin is now 8k, while my opinion is it will have a correction soon, to 6.5K maybe (if any people dont agree please ignore, it is just my own feel), it is a bit high for me, so I will not accumulate BTC now, I am waiting it lower price, also I am trying to buy some alts like SHE/HTA/NEW/DGB/XRP/BTM, to make a more rational investing.

[killat]

Right now is probably the best moment to invest if you haven't done it before. After that check carefully every 30 minutes how it goes. I wouldn't hodl too long on this one. Get your 25% when its on 10k and then move on.

[Bustart]

Market is now starting to upsurge, but my advise would be to tell newbies to first build a foundation of awareness and understanding about Bitcoin and on how it works so they will be able to acquire knowledge and skills that are applicable to start investing on the said field. Doing research, reading, studying, and exploring new ideas can greatly help them guide to venture the world of investment. I would also advise them to embrace the reality of investment that it carries a certain level of risks and losses, and to never be afraid to fail, instead learn from every mistake and make it as stepping stone to succeed. Invest when you're prepared and learn to control ones emotions.

[thirdlight]

I would advise not to enter Bitcoin now.  It was already late, it was necessary to enter it earlier.  About a month ago.  But now it is a little expensive and dangerous to enter it.  It is better now to choose a top altcoin for investment.

[gilangIDR]

Beginners must be given a real form of using cryptocurrencies. We must provide clear information because then they will be interested. While when they do not get clear information about how to apply cryptocurrencies, it is likely that they will not be interested.

This depends on how we are able to do the right explanation, when we are wrong we will find it difficult to convey various information about cryptocurrencies.

[SARA ISLAM]

Bitcoin ATH 19497.4 Current price 8085 already halfway passed,  I think this is not the best time to enter Bitcoin.

[xSkylarx]

I'll just mention some few details about it then if they show some interest to it then I'll suggest them to research it so they know what are the pro and cons of bitcoin. I've known bitcoin for 5 years and already experienced some loss from it. Advising them saying that it will make them rich someday is not a good idea. A serious investor researches first before they release some money.

[basyang]

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.

     Exactly!. If newbies wants to enter in bitcoin they should aware of all the rules and regulation to avoid some mistakes and they have some knowledge about cryptocurrency. Its easy to understand all of happening inside the forum once they are aware of it. Well I think this is the time they should try because bitcoin is high price but before they earn large amount they should have patient.

[dat.ho12492]

I would advise not to enter Bitcoin now.  It was already late, it was necessary to enter it earlier.  About a month ago.  But now it is a little expensive and dangerous to enter it.  It is better now to choose a top altcoin for investment.

Investing in bitcoin right now is too late when the upward trend has happened, they cannot participate in this game, otherwise they will face a lot of risks, and even if not too late, I still would not recommend or encourage anyone to participate in bitcoin. Because I want newbie to know this is a lonely world, people will need to fight to grow up, they cannot rely on the advice of others to survive, although this advice will sometimes be good but sometimes when it will immerse them in hell

[MFahad]

I would advise not to enter Bitcoin now.  It was already late, it was necessary to enter it earlier.  About a month ago.  But now it is a little expensive and dangerous to enter it.  It is better now to choose a top altcoin for investment.

Investing in bitcoin right now is too late when the upward trend has happened, they cannot participate in this game, otherwise they will face a lot of risks, and even if not too late, I still would not recommend or encourage anyone to participate in bitcoin. Because I want newbie to know this is a lonely world, people will need to fight to grow up, they cannot rely on the advice of others to survive, although this advice will sometimes be good but sometimes when it will immerse them in hell

I think we should advice to newbie to get information about bitcoin, but it is not right to say for newbie, not come in bitcoin field. Actually, it is our thinking, that bitcoin is expensive, and may be newbie could afford it, so we should suggest to newbie that come and join bitcoin.

[Betwrong]

Newbies entering Bitcoin now 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.

[ZloiRediska]

I think that now is the last moment when an ordinary person can own Bitcoin. Soon the price will be above 100 000 dollars and Bitcoin will be available only to rich people. Therefore now there is a chance to provide the comfortable old age practically to any person.

[ChrisPop]

I would advise newbies to enter crypto markets with any spare money they have. Don't keep cash as it is inflationary and controlled by different central entities. Be smart about your wealth and have a diversified portfolio but   always study your investments. I am a true believer in bitcoin and its future so at below $20k it is always a good idea for me to convert fiat to crypto.

[Furious 7]

I prefer to let them find their own information. I know the risk of investing with bitcoin and not everyone is ready and brave with risk.
I think it's better than we have guilt. Don't let beginners consider investing or engaging with crypto an easy way to get money. because everything requires a process and it's not easy.

[buwaytress]

Newbies entering Bitcoin now 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.

Half? Ask the newbies (or oldbies even!) where they are today when they bought Bitcoin at the premium price of $20k or thereabouts. Remember, they would have probably paid a bit more with fees, and that they'll get less back today after fees as well or spreads.

Even when Bitcoin was at the 2019 high, they were still barely at 40% of what they'd put in. And I know plenty who got in around even $15k, so they're still waiting to recoup 50%.

So yeah, they should know, if you want the chance to experience 1000% gains, be prepared to experience 90% losses. If not more!

[Betwrong]

Newbies entering Bitcoin now 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.

Half? Ask the newbies (or oldbies even!) where they are today when they bought Bitcoin at the premium price of $20k or thereabouts. Remember, they would have probably paid a bit more with fees, and that they'll get less back today after fees as well or spreads.

Even when Bitcoin was at the 2019 high, they were still barely at 40% of what they'd put in. And I know plenty who got in around even $15k, so they're still waiting to recoup 50%.

So yeah, they should know, if you want the chance to experience 1000% gains, be prepared to experience 90% losses. If not more!

You described the worst case scenario, and I agree with you regarding that readiness for losing everything is always a good approach to any investment. But let's not exaggerate the dangers. I'm almost sure that you personally think that the probability of losing 90% of its today's value for Bitcoin is very low.

7,900 : 100 x 90 = 7,110

7,900 - 7,110 = 790

Anything can happen, that's right, but we should always estimate probabilities of this or that event happening in the future, or otherwise it's almost impossible to live. The probability of BTC going to $790 at any time in the future is extremely low, don't you think so?

[veleten]

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 
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

[EdenHazard]

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

Indeed there is no word to say late to invest on bitcoin because its price always move goes up and goes down. One can take opportunity to buy low and sell high and these ways always by most investors here. However, to do these ways are no easy as newbies think, they have to change their mind no too be greedy when he gets profit and not to do something that will give them loss when the price goes down. So for me, don't look at the price of bitcoin I mean its price at a lower or at higher but he must knows where its price gonna move and he can buy if he has known it.

[airdagon]

My advice is not too reckless, buy a bitcoin with a mature calculation, don't be emotional. But with a cool head, wait for the right moment to buy bitcoin

[CoinChili]

I have co-worker who caught me trading in my phone. Basically, she is really interested how btc trading works and I just said that this field is really high risk and high volatility. I explained it in easier way that the price of btc now is not the right time to enter. Since she is a newbie who are really curioys about crypto, I adviced that she has to watch some videos and read some article and websites about btc before really investing into it.