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Author Topic: Bitcoin and cryptocurrency in the spotlight again!  (Read 205 times)
satsmainman
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December 06, 2020, 10:48:10 AM
 #1

Mainstream media, multinational corporations and financial experts are at it again! Bitcoin and cryptocurrency is all I seem to be reading about recently again and again in verywhere that I look, cryptocurrency and blockchain technology is obviously in the spotlight again

My questions for bitcoiners and financial advisers: Are you advising your friends and clients to invest in cryptocurrencies or are you even just assisting them to get into the asset class? Alternatively, are you telling them to avoid the tech maybe due to the potential impact of Covid-19?
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December 06, 2020, 01:40:52 PM
 #2

My questions for bitcoiners and financial advisers: Are you advising your friends and clients to invest in cryptocurrencies or are you even just assisting them to get into the asset class? Alternatively, are you telling them to avoid the tech maybe due to the potential impact of Covid-19?
If they are eager to learn at least the basics, I'm helping them and assisting them with whatever questions do they have. Most of the time they're only asking about the basics, wallets, transactions, and fluctuations. But reading the markets, it's not my niche and I'm telling them that no one is able to give them 100% accuracy.

Why would I say to avoid it? I would say it if they're not really interested and they're scared about the risk. I have friends that are into "sure" profits and those are the people that I most likely say to avoid it at the earliest that they can.




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December 06, 2020, 05:11:05 PM
 #3

I will not advise anyone to trade in cryptocurrencies because it is a risky investment and it is possible to return to the levels of 12000 dollars easily, which means an unaffordable loss for many people.

The recommendation would have been appropriate at the beginning of the covid19 crisis when the price was less than 5000 dollars, and then many of you can buy and make a guaranteed profit.

There is still a chance that the dollar will rise above $ 20,000 but it looks dangerous for beginners.

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Maestro75
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December 09, 2020, 09:03:48 AM
 #4

People love success stories and that is why whenever price favours bitcoin the media goes crazy with the news and then more buying sets in. This is the moment alot of traders have waited for since the last two years. Because of the volatile nature of bitcoin I find it very difficult advicing anyone to but it. I do not like people crying to me if they buy on my advice and their portfolio goes down in red. I can talk to them about bitcoin but not force them to buy it. Those I talk to should be the ones deciding by themselves whether to buy or not.
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December 09, 2020, 11:36:39 AM
 #5

I myself did invite friends to join in investing in cryptocurrencies. This is because this investment can be carried out even during a pandemic, namely from home. And of course it will be able to generate additional income for preparation if there is going to be inflation. Although indeed the presence of Covid-19 will certainly have an impact on all aspects. But I think this technology has the least negative impact due to Covid.

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December 12, 2020, 11:42:46 PM
 #6

My questions for bitcoiners and financial advisers: Are you advising your friends and clients to invest in cryptocurrencies or are you even just assisting them to get into the asset class? Alternatively, are you telling them to avoid the tech maybe due to the potential impact of Covid-19?
I am no financial adviser I did talk to couple of friends around March into buying Bitcoin when the price dipped to around $4500. It was a no-brainier that the price would rise again. One of my friends bought some BTC while the rest just ignored fearing that the price would drop further. To this date, the friend who bought some Bitcoins is thanking me while the other chaps started asking me whether to buy Bitcoin when the price was already around $17K. Some humans!  Grin

I mostly prefer advising them to used Bitcoins mostly for transactions and other online payments unless they are really aware of the risks of trading Bitcoin

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December 13, 2020, 10:03:11 AM
 #7

Have you heard about Microstrategy? They keep on buying  millions of Bitcoin..  "MicroStrategy’s Bitcoin-Driven Offering Boosted to $650M After Notes Buyer Bought $100M More"
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December 13, 2020, 12:14:21 PM
 #8

Bitcoin investment system is risky for business, Bitcoin's transaction system is far away. Traders can transact very easily. Bitcoin and cryptocurrency investment systems in Covid-19 are becoming much more profitable. Those who kept investing when prices were so low are now able to make a lot of money. Bitcoin is priced from $ 4500 to around k 19k now. It takes something to ignore here and the price will go up again. Those who avoided Bitcoin in Covid-19 because the price will go down are coming back to the market.
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December 25, 2020, 08:35:52 AM
 #9

Quote
Mainstream media, multinational corporations and financial experts are at it again! Bitcoin and cryptocurrency is all I seem to be reading about recently again and again in verywhere that I look, cryptocurrency and blockchain technology is obviously in the spotlight again

This is obvious. Main stream media covers Bitcoins and cryptocurrency news when they hit ATH and crypto market hits a great marketcap. Otherwise, they even tell people to stay away from such things.

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My questions for bitcoiners and financial advisers: Are you advising your friends and clients to invest in cryptocurrencies or are you even just assisting them to get into the asset class? Alternatively, are you telling them to avoid the tech maybe due to the potential impact of Covid-19?

I insist close people to get in while explaining risks but I don't think there exist 100% loss risk over 5 years of time. So, if they want to be in this space for long term, I help this purchase. Otherwise, I don't talk this at all because of one shitty experience. When we start explaining the tech, they think that we are bunch of shady broker who are here for cuts which I in fact never charge nor I will. I let them to think the same. No hard feelings!

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December 25, 2020, 09:37:48 AM
 #10

Quote
Mainstream media, multinational corporations and financial experts are at it again! Bitcoin and cryptocurrency is all I seem to be reading about recently again and again in verywhere that I look, cryptocurrency and blockchain technology is obviously in the spotlight again

This is obvious. Main stream media covers Bitcoins and cryptocurrency news when they hit ATH and crypto market hits a great marketcap. Otherwise, they even tell people to stay away from such things.

That's not totally accurate because the fact is that they never take their "lights" from blockchain tech/ BTC. They simply degraded it strongly, mainly because of its decentralization and freedom.
Ofc hitting ATH brings even more attention but since the Covid breakout, digital money becomes a necessity and security needs to go to better levels. Blockchain tech was from the start the solution for such a thing and now all the centralized corps, banks, "fin gurus", run to praise and "embraces" this tech. They are the same who fight us from day 0, who called us "romantic" fools and idiots for believing in it, black marketers, hackers, and so many other tags including their favorite for BTC: "Bubble"! Cheesy Cheesy Cheesy

My questions for bitcoiners and financial advisers: Are you advising your friends and clients to invest in cryptocurrencies or are you even just assisting them to get into the asset class? Alternatively, are you telling them to avoid the tech maybe due to the potential impact of Covid-19?

Avoiding something that after the Covid will be mandatory for every financial institute? Something that can't be break/ perish or get infected by it? To advise not to get into this market or to invest when banks, LLC's, and fin "giants" run to get their "share"? I personally say the same thing that I said from back then: Get on board (even if it's a small portion from any major coin) and enjoy the ride... Cool

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December 25, 2020, 10:59:19 AM
 #11

My questions for bitcoiners and financial advisers: Are you advising your friends and clients to invest in cryptocurrencies or are you even just assisting them to get into the asset class? Alternatively, are you telling them to avoid the tech maybe due to the potential impact of Covid-19?

I already advised my friends to invest in cryptocurrencies a long time ago, but many of them do not listen to me and avoid investing in crypto. I do not have a problem with that and I do not force them to follow what I did because I know that they will make their decision to join now or later. No, I do not tell them to avoid the tech because, in this pandemic, the technology really helps our lives to survive.

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December 25, 2020, 01:40:19 PM
 #12

Mainstream media, multinational corporations and financial experts are at it again!
No, you are having the wrong perception. Media is covering bitcoin always, specially niche crypto news groups. Rest just follow suit when the price tanks or rises. You cant blame them for attempting to bask in the glory.

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Bitcoin and cryptocurrency is all I seem to be reading about recently again and again in verywhere that I look, cryptocurrency and blockchain technology is obviously in the spotlight again
Then stop reading the news. Roll Eyes

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My questions for bitcoiners and financial advisers: Are you advising your friends and clients to invest in cryptocurrencies or are you even just assisting them to get into the asset class?
Already did that when bitcoin was low priced. Now they are rather warned to not buy. Price being high is the time to sell and not buy. Doing this wrong means going FOMO and putting in more risk.

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Alternatively, are you telling them to avoid the tech maybe due to the potential impact of Covid-19?
Pandemic did not have direct impact in the price in my opinion. But no reason can be fully unearthed here. As far as global markets have shown, dont think it to be a reason to think about.

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pealr12
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December 27, 2020, 01:45:48 PM
 #13

Mainstream media, multinational corporations and financial experts are at it again! Bitcoin and cryptocurrency is all I seem to be reading about recently again and again in verywhere that I look, cryptocurrency and blockchain technology is obviously in the spotlight again

My questions for bitcoiners and financial advisers: Are you advising your friends and clients to invest in cryptocurrencies or are you even just assisting them to get into the asset class? Alternatively, are you telling them to avoid the tech maybe due to the potential impact of Covid-19?

This rapid price speed btc is on for the past couple of days is enough to put it on the mainstream media and definitely attract multinational corporations, institutional investors and the likes, this is history that is being made and we are all here witnessing it unravel, it is amazing what btc has accomplished in a decade, an achievement any company with same time range can't boost of,
The recognition is well deserve 👏.
BIT-BENDER
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January 17, 2021, 10:21:13 PM
 #14

Bitcoin excitement has not laid low this 2021, it till hot in the mouth of people, right now I can say even if Bitcoin drops in price for a while the spot lite will still be on Bit coin that how exciting it had gotten to this period, and the price is still fantastic, I hope if Bitcoin continues to get this famous, the reason should be a good one.

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January 18, 2021, 05:44:05 AM
 #15

Bitcoin excitement has not laid low this 2021, it till hot in the mouth of people, right now I can say even if Bitcoin drops in price for a while the spot lite will still be on Bit coin that how exciting it had gotten to this period, and the price is still fantastic, I hope if Bitcoin continues to get this famous, the reason should be a good one.
The more people will be introduced to Bitcoin for sure, the more volume on Bitcoin will flow. But I hope people who are jumping with Bitcoin, should first know how Bitcoin works, the risk of buying it so they will not regret it in the future if something bad will happen.

(.....)
My questions for bitcoiners and financial advisers: Are you advising your friends and clients to invest in cryptocurrencies or are you even just assisting them to get into the asset class? Alternatively, are you telling them to avoid the tech maybe due to the potential impact of Covid-19?
Telling someone to buy Bitcoin is really a good idea, buy and hold. But first, I am educating them what really Bitcoin is. I have some friends and family who misunderstood Bitcoin, they don't know what Bitcoin is, they don't know what is the use of it and how it works.
Most of them are greedy for money and profits, so I keep educating them if they want to buy Bitcoin, they should know the risk and the price volatility.

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January 19, 2021, 12:46:33 PM
 #16

at it again ?
that means they are been here before but they leave and why ?
 it could be because crypto value goes in the dump mode and hyped died down a little but medias are a great influence to make the hype happen , well atleast they are back at it again and we see that hype have also returned .
 i am already here in the crypto so yes i will advise my collegues as well to join me here on this coster ride but warn them the risk first of course .
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January 23, 2021, 01:54:10 PM
 #17

Bitcoin excitement has not laid low this 2021, it till hot in the mouth of people, right now I can say even if Bitcoin drops in price for a while the spot lite will still be on Bit coin that how exciting it had gotten to this period, and the price is still fantastic, I hope if Bitcoin continues to get this famous, the reason should be a good one.

The price is swinging in the 32K region and which is almost 500% above from the price in 2017 so it is still profitable for anyone other than who bought it recently but when we say as investment then it is not fair to expect returns from the next day itself.

Some media still don't know what is actual Bitcoin and portrays it as scammers money which shows that main stream adoption is yet to happen and its not yet late to buy them.
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January 23, 2021, 02:57:09 PM
 #18

Whenever bitcoin and altcoins in the spotlight mostly because the price went up in a short time causing fomo to people, this situation only makes layman think bitcoin is just a bubble or a shortcut to get rich which both of the reason aren't right to enter the market. I wouldn't recommend anyone to buy bitcoin whenever bitcoin on the rise as the price may decline and causes distress for those who aim for a shortcut to getting rich. if someone asks my advice to buy bitcoin or altcoins, simply explain the advantage and disadvantages of bitcoin and how it works, and a better time to enter the market if want to get profit.
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