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Author Topic: Can I recommend a friend to buy Bitcoin now?  (Read 3414 times)
Robinson66 (OP)
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July 26, 2021, 06:26:30 AM
Merited by Ratimov (1)
 #1

Bitcoin is now rising, and it has jumped by 3k in less than 10 minutes. Although everyone is happy but also worried, is it going to fall again?
My friend asked if I can continue to buy it? But I see a lot of people commenting that giant whales are now controlling the market. I told my friends not to enter the market for now, but my friends seem to have misunderstood me.
Do you think that this kind of market should be forbidden to enter or continue to buy?
I suggest not to panic selling。
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July 26, 2021, 07:32:53 AM
 #2

Bitcoin is now rising, and it has jumped by 3k in less than 10 minutes. Although everyone is happy but also worried, is it going to fall again?

If We know this coming ? surely we will sell all our Bitcoin now and buy again when it grows but we don't mate and none can answer that clearly.
Quote
My friend asked if I can continue to buy it? But I see a lot of people commenting that giant whales are now controlling the market. I told my friends not to enter the market for now, but my friends seem to have misunderstood me.
Who are you to tell him what to do when you are nothing different from newbies here? you are buying the words from comments here about manipulation when you dont even understand what does it mean?

Lucky your friend did not listen to you because for sure he will regret that in time, Bitcoin will increase more than what you expected trust me.

Quote
Do you think that this kind of market should be forbidden to enter or continue to buy?
I suggest not to panic selling。
This market is only for tough people that does not Weak in mind and heart, and giving advice not to panic but he Himself shows to be a panicking .

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July 26, 2021, 07:53:28 AM
 #3

No please don't.

Bitcoin is not an investment and you shouldn't tell people to buy bitcoin because its price may go up. You should first learn about bitcoin yourself and see what the one and only decentralized currency in existence offers then if you liked the technology and had some basic understanding of it then introduce it as a currency to others who seek financial sovereignty.

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July 26, 2021, 08:23:43 AM
Merited by aoluain (2)
 #4

Bitcoin is now rising, and it has jumped by 3k in less than 10 minutes. Although everyone is happy but also worried, is it going to fall again?
My friend asked if I can continue to buy it? But I see a lot of people commenting that giant whales are now controlling the market. I told my friends not to enter the market for now, but my friends seem to have misunderstood me.
Do you think that this kind of market should be forbidden to enter or continue to buy?
I suggest not to panic selling。

For me you should tell your friend to buy some Bitcoin now okay, cause we are now at 3rd quarter of this year and as you can see in the history of Bitcoin it will always pumping in the 4th or at last quarter of the year, but in the end it his choice, we are just giving him an advice Grin.
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July 26, 2021, 09:21:27 AM
 #5

Well, I will tell you to be very patient because I am expecting the price to rise to $37000 and fall back, but it has risen to $38000. I am not expecting any bull run again for now, if you are a swing trader, I will not advice you not to put money for now, but if you want to hold, the price of bitcoin will still very much increase more that this recent price, but it can take long, this will be suitable for holders to invest now if they like.

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July 26, 2021, 09:22:52 AM
 #6

Bitcoin is now rising, and it has jumped by 3k in less than 10 minutes. Although everyone is happy but also worried, is it going to fall again?
My friend asked if I can continue to buy it? But I see a lot of people commenting that giant whales are now controlling the market. I told my friends not to enter the market for now, but my friends seem to have misunderstood me.
Do you think that this kind of market should be forbidden to enter or continue to buy?
I suggest not to panic selling。

It's really hard to give financial advise, believed me, been there that done.

What you can do is to explain to your friend that it is not a get rich quick scheme. The price is very volatile that in just matter of minutes you will see your portfolio going down and it will cause your friend panic for sure. It is not forbidden to enter the market and buy, it is the risk associated with it. And tell him in case he is willing to buy right now, "invest what he/she can afford to lose" in this market.

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July 26, 2021, 09:33:26 AM
 #7

Bitcoin is now rising, and it has jumped by 3k in less than 10 minutes. Although everyone is happy but also worried, is it going to fall again?
My friend asked if I can continue to buy it? But I see a lot of people commenting that giant whales are now controlling the market. I told my friends not to enter the market for now, but my friends seem to have misunderstood me.
Do you think that this kind of market should be forbidden to enter or continue to buy?
I suggest not to panic selling。

Whales are everywhere not only in crypto space, they're always present in any form of investments and yeah they want to control the market but the reality is that they can't have the control over the market.
Your friend is FOMOing without even understanding how crypto market works, and that's considered as a wrong step of investment.
I've seen several new comers in crypto space who fail to make a profit because they're rushing to invest when the market is in an upward trend.
There's no wrong entry point in buying Bitcoin If you did your due diligence before putting your money.

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July 26, 2021, 09:37:13 AM
 #8

I would never recommend a friend /familiy member to invest into anything.
Agreed! Not only for friends and family, but in general: I don't give investment advice. I can give information, but it's up to them to make a choice.



Do you really have to spam a link in every post you make? I would have merited you if not for that link.

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July 26, 2021, 10:35:29 AM
 #9

Should've recommended buying when the prices were still around 29k or 30k USD but right now, it feels like going in is much riskier since the price could drop suddenly resulting in loss and buying right now and then maybe profiting a bit in the increase but your friend ends up getting greedy and goes for a bit more time before selling it.

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July 26, 2021, 01:45:48 PM
 #10

Don't just be provoked because FOMO we don't know if this will be a correction after the pump in today and usually they will throw it back to buy it so I think more wait and don't just watch when the pump is bought it can be one of the traps because of FOMO.
I prefer because I have stocked earlier than the specified price so I will now withdraw profit from the 38k figure I don't know in the future, for me this will still be a correction after this so we still have to pay attention to the market.

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July 26, 2021, 02:02:02 PM
 #11

Bitcoin is now rising, and it has jumped by 3k in less than 10 minutes.

Sudden price gain should not be your major deciding factor when jumping on the crypto-train. It is about long-term investing accompanied by actual learning. If one couldn't even begin to understand the basics then he will just surely lose.

Although everyone is happy but also worried, is it going to fall again?

If I can pin-point the exact time and date of when the price goes up and down then I will be raking cash in no time. However, one doesn't simply predict the trend but surely there are "supports" and "threshold" for certain price levels.

Conclusion:

1. Don't invest out of emotion.
2. Learn the basics.
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July 26, 2021, 02:07:33 PM
 #12

Bitcoin is now rising, and it has jumped by 3k in less than 10 minutes. Although everyone is happy but also worried, is it going to fall again?

Short term emotion-based trading is the sure recipe for losing money, really.

My friend asked if I can continue to buy it? But I see a lot of people commenting that giant whales are now controlling the market. I told my friends not to enter the market for now, but my friends seem to have misunderstood me.
Do you think that this kind of market should be forbidden to enter or continue to buy?
I suggest not to panic selling。

Indeed, if one affords to buy (i.e. has money at hand he affords to lose), buying looks as a good option. Maybe a short look at DCA (dollar cost averaging) would also be of help. And Bitcoin price should rise, eventually (whether in days, weeks or years).
However, I would never suggest anyone to buy or sell; one has to decide for himself what he does with his own money.

Also if your friend intend to HOLD Bitcoin, learning its basics is a must, especially wallet safety; acquiring a hardware wallet may be also a good idea.

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July 26, 2021, 02:07:42 PM
 #13

Always recommend them Bitcoin but do not force them to buy let them make their own decision based on the merit of Bitcoin alone and not because of the price try to tell them this when you are recommending it to them.
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July 26, 2021, 02:37:52 PM
 #14

Bitcoin is now rising, and it has jumped by 3k in less than 10 minutes. Although everyone is happy but also worried, is it going to fall again?
My friend asked if I can continue to buy it? But I see a lot of people commenting that giant whales are now controlling the market. I told my friends not to enter the market for now, but my friends seem to have misunderstood me.
Do you think that this kind of market should be forbidden to enter or continue to buy?
I suggest not to panic selling。
current conditions are still very good to buy, because bitcoin will continue to improve. afraid of falling in price, don't buy and try to join cryptocurrency, because the market is full of risks.
cryptocurrency is not a place for mentally weak people, afraid of falling, and afraid of losing.

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July 26, 2021, 03:20:59 PM
 #15

Always recommend them Bitcoin but do not force them to buy let them make their own decision based on the merit of Bitcoin alone and not because of the price try to tell them this when you are recommending it to them.

Exactly, as good friends of course we want to share profits, bitcoin has proven to be the best investment solution so recommending it to family, friends and people we know is a very good thing.

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July 26, 2021, 03:37:07 PM
 #16

Well, I will tell you to be very patient because I am expecting the price to rise to $37000 and fall back, but it has risen to $38000. I am not expecting any bull run again for now, if you are a swing trader, I will not advice you not to put money for now, but if you want to hold, the price of bitcoin will still very much increase more that this recent price, but it can take long, this will be suitable for holders to invest now if they like.
Usually a beginner always buys and advises it in the long term, bitcoin when it is still high and stays $38k there are two possibilities to continue the bullrun or go down it can happen at any time, so I better watch the situation don't just watch because it goes up $3k in For a moment it becomes carelessness if we suggest buying, so it is better to correct ahead and see an analysis of how the chart is heading and this will usually see a little stronger sentiment.

Advice to a friend who is a beginner, buy save bitcoins then go.

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July 26, 2021, 04:13:30 PM
 #17

Remember, don't buy because you're just afraid to miss "FOMO" because it's still possible that you will see that reality doesn't match what you expected. But buy when you already have a "technical or fundamental" analysis even though both will never guarantee a profit.

The fact is, bitcoin never goes up nonstop and you will see its price fluctuate all the time. I don't know how your friends feel after buying but the price is down, seem disappointing right?

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July 26, 2021, 04:34:21 PM
 #18

Do you think that this kind of market should be forbidden to enter or continue to buy?

Better option is DCA if you're not sure about the TA as i'm still bullish for short period of time until the crossover between 20 and 50 weekly MA is done. TBH, we could get into bear market if that crossover is done as we entered into bear market in previous bull seasons. One more thing, bitcoin will go up or down quickly because of whales or institutional investors. So, better watch out the support and resistance zone for short term trading. On the other hand, bitcoin is great for long term purposes, IMHO.

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July 26, 2021, 08:00:28 PM
 #19

Bitcoin continues to rise here is to hoping that it goes above 50k.
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July 26, 2021, 08:14:39 PM
 #20

Although everyone is happy but also worried, is it going to fall again?
Are you asking if it'll ever go downwards again? Well, probably it shouldn't be increasing forever. That would be economically unhealthy.

Do you think that this kind of market should be forbidden to enter or continue to buy?
I think that you should understand that the whole thing is by its design highly fluctuating. If you want to be included in this market by the mindset that you'll get richer I recommend you think otherwise. If you're interested in the technology give it a shot and who knows! You may realize that it's not just an investment that makes people richer.

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