Can I recommend a friend to buy Bitcoin now?

[Fredomago]

There three things those should be consider all the time. One is Why am I investing? second one is Can I handle volatility?, How much can I afford to allocate? If your friend is new to crypto then I think it is better not to involve him here at the moment because there is a high probability of sudden becoming rich or poor. You can explain the whole things to him. If you think that he is eligible then you can recommend.

A little extra, the OP also need to ask if his friend likes to invest in highly volatile asset? I think that will be the 4th question.

About me, investing is not a quick way to get rich but investing is the best way to make money work for the owner. I've heard these words that might motivate us to invest =>if you can't make money while you sleep, then you have to work for the rest of your life<=. This mean money has another function as a worker for you and therefore you can make more money and it is an investment. Although not everyone agrees and has the mindset to invest, suggesting someone to do so is also never wrong as long as he knows what the consequences of the instrument he chooses are.

Exactly, you need to have that idea before you continue recommending bitcoin as an investment. The risk is too high. Better to check it first with your friend if how far they can handle the pressure. They will surely lose their investment if they are not ready to see their assets losing its value..

After all the assessment, and you are convinced that your friend is really willing to take a step inside this business, your next step is to properly guide them in every possible way that you can, providing additional precautions and all those important fundamentals.

It's hard to see them failing so better to be there to assist them while they are still in the process of understanding the whole
concept of this wide industry.

[carlfebz2]

There three things those should be consider all the time. One is Why am I investing? second one is Can I handle volatility?, How much can I afford to allocate? If your friend is new to crypto then I think it is better not to involve him here at the moment because there is a high probability of sudden becoming rich or poor. You can explain the whole things to him. If you think that he is eligible then you can recommend.

Doesnt mean that you do become rich or poor.What matter most on here is the opportunity on where crypto could give.Its a bit selfish kind of act on where you dont tell someone just because of those things.

Explain to them about volatility and risk then you would able to tell him confidently without worrying that much as long he do knows the risk then you couldnt really be blamed out in case he would lost

up some of his investment.What matter most on here is that he do already knows that there's market like this do exist and the kind of opportunity that it gives.

[STT]

I wouldnt buy right this moment, wait for this current indecision to resolve itself better.   So either we break 63k downwards or get a new high seems reasonable directions from here but so far just sideways and every rise is sold like today.

Its a busy chart, there is of course the choice to just buy a little every month because you could be here forever not quite sure.

[ReiMomo]

If your friend is ok to invest and wait for long term then yes, anytime you can buy as market is volatile. The current situation is moving sideways as said above and yes that is the indication of small correction is going to happen followed by a uptrend. So better make your call to buy it. I would say its the best time now to invest in Bitcoin and its growth is going to yielding a assured profit in few months or an year.

[Quidat]

If your friend is ok to invest and wait for long term then yes, anytime you can buy as market is volatile. The current situation is moving sideways as said above and yes that is the indication of small correction is going to happen followed by a uptrend. So better make your call to buy it. I would say its the best time now to invest in Bitcoin and its growth is going to yielding a assured profit in few months or an year.

Invest on the amount that he could afford to lose and always remind him about that this market doesnt guaranteed out profits no matter how good looking it is.Make sure that you wouldnt really be giving any guarantees or boost up of emotion that it do looks like that he could really make out some money and make sure that he do able to realize things on early basis so that he could able to handle things up.

[arufox]

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。

I think if your friend is a long-term investor, then you can continue to buy bitcoin even though the current price has soared and has set record highs many times. However, the ATH level that occurred a few days ago was not the last peak, in the future bitcoin will continue to set new ATH records again. Therefore, before going into an investment, it is better to understand technical analysis before making a decision.

I think long-term investment or short-term investment is better to buy bitcoin when the price is cheap, currently the price of bitcoin is very high because it is slightly below ATH. when the price is high the chances of falling are much greater, although many people say the price of bitcoin will reach $100k by the end of the year but that doesn't promise anything.

Actually, a simple way that will make it easier for someone to know when is the right time to buy bitcoin is when the price has started to move up after the price has left the lowest point in a downtrend. In addition, in long-term or short-term investments, it takes patience and thoroughness to really be able to determine the time. Do not panic easily and must always be calm in every condition.

[dunfida]

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。

I think if your friend is a long-term investor, then you can continue to buy bitcoin even though the current price has soared and has set record highs many times. However, the ATH level that occurred a few days ago was not the last peak, in the future bitcoin will continue to set new ATH records again. Therefore, before going into an investment, it is better to understand technical analysis before making a decision.

I think long-term investment or short-term investment is better to buy bitcoin when the price is cheap, currently the price of bitcoin is very high because it is slightly below ATH. when the price is high the chances of falling are much greater, although many people say the price of bitcoin will reach $100k by the end of the year but that doesn't promise anything.

Actually, a simple way that will make it easier for someone to know when is the right time to buy bitcoin is when the price has started to move up after the price has left the lowest point in a downtrend. In addition, in long-term or short-term investments, it takes patience and thoroughness to really be able to determine the time. Do not panic easily and must always be calm in every condition.

Then how you do able to recognize that one? What if the price had just increased a bit and then crash or dump down after that mini pump? For sure it would leave out some bad impressions yet you had suggested on that one.

Everything could really be in random and it would be more better if you do suggest out your friend on investing on the amount that he could afford to lose whenever the price situation would may be.

Dont give out assurances just like on what others been saying because that would really just affect your friendship on others.

[Ebede]

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。

You can bring someone into bitcoin investment and as guide the person for the period is suppose to harvest what is planted, bitcoin investment is like plantation of crops or other plans, you can only harvest a crop when it exceed the year of it's maturity time, when you buy bitcoin and panic to sell you may not have profit but when it matured before selling you will make a profit.

[Slow death]

I'll repeat what I've been saying all the time: be careful when encouraging or recommending a friend to buy bitcoin or altcoin because your friend might sell things or borrow money and buy bitcoin and then the bitcoin price drops too much and your friend stays with losses and with it your friend will hate you

At this point I would not recommend to any friend to buy Bitcoin. Because now the market is in full swing and downward trend.

even when it's in an uptrend, it's dangerous to recommend bitcoin to a friend

[Rasa nanas]

At this point I would not recommend to any friend to buy Bitcoin. Because now the market is in full swing and downward trend. I think we should wait a few more days. It remains to be seen where the next movement will go. In particular, some countries are going to pass new bills on the cryptocurrencies in their country. I think if we get a clear idea about these issues, we will know what will be the next movement.

Currently the market conditions are recovering and the bitcoin price is slowly increasing, would you recommend your friends to buy?
I think buying when the price is going up or down has the same risk.  Buying when the price is rising does not mean you have no risk because you could be caught in a bull trap.

[ReiMomo]

Now a days I come across my friends who become aware of Bitcoin, come and ask if they can confidently invest on Bitcoin and other crypto currencies since they know I am here. I have yes explained them what is the risk and profits out of investing on Bitcoin and elaborated them the market moment. I have even showed them my earnings proof in trading and advised them few best exchanges to sign up and invest on best coins including Bitcoin.   

[$crypto$]

Now a days I come across my friends who become aware of Bitcoin, come and ask if they can confidently invest on Bitcoin and other crypto currencies since they know I am here. I have yes explained them what is the risk and profits out of investing on Bitcoin and elaborated them the market moment. I have even showed them my earnings proof in trading and advised them few best exchanges to sign up and invest on best coins including Bitcoin.   

Until now, there are still many friends who ask about bitcoin investment, which is so widely recommended on social media, but my friend still lacks an explanation so this requires me to explain it.
What I understand, of course, I will explain just like you, your friends, because bitcoin news has now spread widely among ordinary people so I need to give an explanation first before they invest in bitcoin.

And the most important thing is the risk that must be faced, you must not panic, you must be mentally prepared when the market is down, so that's what I need to explain.

After they find out whatever the decision is in the hands of their friends.

[Devifajarina]

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。

If market conditions are declining for bitcoin, then it's a good idea to make a purchase, after that make a short-term scheme to trade, even I see the current market bitcoin is still in a correction condition, that's a sign that it's suitable to make a purchase, depending on the readiness of the capital you have, but if the price of bitcoin is still at the price as it is today, so the short-term scheme is good enough to apply, so that the results of buying bitcoin today can be utilized in the near future and most importantly panic is not a solution to all problems.

[STT]

Right this moment its best to wait for price action to prove itself above the 50 day average.   Its confusing because today price is rising, the sell from the variant news is not as bad as it could have been.  That might continue positively but the safest point is once we have reconfirmed our path upwards, where as today is just a trade gain that can reverse back on itself.  Situation is still live, as said regular buys over longer term are still likely just fine as an average is safer overall.
  3 weeks is the rough time line for pricing vs news to even out,  I think we will trade within a range really.

[stomachgrowls]

Right this moment its best to wait for price action to prove itself above the 50 day average.   Its confusing because today price is rising, the sell from the variant news is not as bad as it could have been.  That might continue positively but the safest point is once we have reconfirmed our path upwards, where as today is just a trade gain that can reverse back on itself.  Situation is still live, as said regular buys over longer term are still likely just fine as an average is safer overall.
  3 weeks is the rough time line for pricing vs news to even out,  I think we will trade within a range really.

For a beginner then this would really be on that technical side of things and someone explaning something like this would really be hard for their friend
to understand thats why you shouldnt really come to this point when explaining things.

For advanced users then they wouldnt be typically asking out these things yet its impossible for someone to ask out in regarding with this one knowing that
they could make on their own which means it wouldnt be necessary.

Just dont give out some assurance whenever you do introduce things to other people.

[kawetsriyanto]

If your friend is ok to invest and wait for long term then yes, anytime you can buy as market is volatile.

For the long-term holding, it is better to wait for the bearish season. There is no need to hurry to buy Bitcoin now, it is still in bullish season. Another thing that you must tell your friends is about no guarantee for profits. Investing in Bitcoin doesn't mean 100% successfully with high profits, it depends on many factors. In reality, there are also many people who lost their money in Bitcoin if investing carelessly and with no sufficient knowledge. So, you need to suggest your friends learn Bitcoin and crypto market constantly, and always update information as well.

[Oilacris]

If your friend is ok to invest and wait for long term then yes, anytime you can buy as market is volatile.

For the long-term holding, it is better to wait for the bearish season. There is no need to hurry to buy Bitcoin now, it is still in bullish season. Another thing that you must tell your friends is about no guarantee for profits. Investing in Bitcoin doesn't mean 100% successfully with high profits, it depends on many factors. In reality, there are also many people who lost their money in Bitcoin if investing carelessly and with no sufficient knowledge. So, you need to suggest your friends learn Bitcoin and crypto market constantly, and always update information as well.

For long term hodling then you wouldnt really mind about on what price point you would gonna buy because you are aiming for long term which means no matter what price you do able to buy your coin then this wont really be much of an issue yet you can bare with that but if you do like to see profits on short term basis then its up to you whether you do mind on waiting for cheaper price or when the market
tends to have some pullback or correction.Its a matter of choice for someone to make.

[bikers online]

this year bitcoin has reached ATH 2 times and for the future no one can predict it with certainty, according to anytime is the right time to have bitcoin because very fast price movements allow everything to happen both profit and loss and what will what happens in the future with bitcoin, as many people have predicted, of course it is not too late to buy now.

[milewilda]

this year bitcoin has reached ATH 2 times and for the future no one can predict it with certainty, according to anytime is the right time to have bitcoin because very fast price movements allow everything to happen both profit and loss and what will what happens in the future with bitcoin, as many people have predicted, of course it is not too late to buy now.

And now the market had plummeted which means we are on now on sale because bitcoin is cheaper compared when it was a few days ago which i could say that this is the best time on accumulating cheaper bitcoins but you shouldnt really give out sureness about making profits into your friend because
price is always been unpredictable and there's no way that you could able to know on where it would be going or heading.
Anyone could introduce bitcoin or crypto but always remind about the risk.

[akar87]

this year bitcoin has reached ATH 2 times and for the future no one can predict it with certainty, according to anytime is the right time to have bitcoin because very fast price movements allow everything to happen both profit and loss and what will what happens in the future with bitcoin, as many people have predicted, of course it is not too late to buy now.

And now the market had plummeted which means we are on now on sale because bitcoin is cheaper compared when it was a few days ago which i could say that this is the best time on accumulating cheaper bitcoins but you shouldnt really give out sureness about making profits into your friend because
price is always been unpredictable and there's no way that you could able to know on where it would be going or heading.
Anyone could introduce bitcoin or crypto but always remind about the risk.

Yes yesterday the bitcoin price dropped significantly from $56k to $42k as the lowest price in 24 hours, so now as you said is the right time to buy bitcoin because we can get more bitcoin for cheap price, believe me usually after experiencing a significant decline in then after that there will be a big pump going on in the price of bitcoin in the near future.