Can I recommend a friend to buy Bitcoin now?

[Rajamuda]

I think it's a bit late, but it wouldn't hurt if it did start to re-enter, it still provides a high chance in the long-term investing, we all know it's bound to touch $60k again.
Not only in terms of investing, of course we can also share other information related to bitcoin today, there are many other opportunities to encourage finance.

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[lienfaye]

If he really wants to invest then let him be, its never too late. However before he do that give him advice to know what he is getting into so he wont blame you incase something bad happen.

An investor with knowledge before engaging himself can understand the worse cases that might happen along the way and can wait longer since its part of the process.

We can invest anytime as long as we can take the risk, the market is high volatile and we cant expect btc to consistently increase, correction is inevitable too.

[goaldigger]

If he really wants to invest then let him be, its never too late. However before he do that give him advice to know what he is getting into so he wont blame you incase something bad happen.

This is true, I'd learn a lesson from here since one of my friend blames me for his losses. Anyway, you have to tell to your friend every details about cryptocurrency if you really want to help them and explain the risk of investing but never force him to buy let him decide to avoid this problem.

The price is still low compare to it's all time high, though there's a chance for the price to go down again so for me it's not too late yet, you just have to see your best entry price and set-up your target price. Bitcoin will continue to rise over time, if your friend willing to hold, then it's good if he will buy now.

[bitterguy28]

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?

No one knows literally but falling is part of rising so there is a fall before rising and there is rising followed by falling.

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.

you are forbidding them from profiting? you dont want them to invest now? who are you?

bitcoin is the most profitable investment of all and that is already proven.

Do you think that this kind of market should be forbidden to enter or continue to buy?
I suggest not to panic selling。

if you are in this market with that behavior and attitude then best to leave this market now.

[19Nov16]

I don’t think it is ever to late to buy Bitcoin, I keep on encouraging more family members and friends to buy. I also do my part to teach my family and friends the benefits of buying Bitcoin. Also benefits as well as how you can start storing wealth using Bitcoin.

The potential for an increase can occur at any time, and now the market continues to skyrocket so the price has gone up more than 24% in a week. if we think back by comparing the price of bitcoin now with a year or 10 years ago of course we will continue to regret it, it's better to start immediately and dare to take risks to get big profits.

[Twinscoin2017]

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。

Let your friends know more about bitcoin, Bitcoin is not that safe as an ordinary investment and we don't really know when it will fall or rise. We all can invest but we need to invest an amount that we can afford to loss no one stoping us if we wanted to invest on it but I think we need to be careful or smart because of bitcoins high volatility.

[Kong Hey Pakboy]

As long as you don't meddle with the decision, it's alright to recommend your friend to buy bitcoin. Given that the prices are going up right now you have to be prepared to be blamed for when the prices go down while your friend is still hodling and have bought at a higher price.

[shield132]

I don't know why you have to suggest investment in bitcoin to anyone. You know, people want to get rich overnight, so, if anything bad happens, they'll blame you and tell you that you are stupid who knows nothing and it's a fault that they believed in you, etc.

If bitcoin is far from its All-time high, then it's always a good moment to enter the market if you think about the long-term benefits/profits and at the moment it's really far from it. ATH was roughly 65K, right now it's roughly 40K. Here you see the 25K Difference, right? So it's the way to go. If we have a look at 2017, then we should expect to see 100K Bitcoin's price or an even higher one.

[ShowOff]

I don’t think it is ever to late to buy Bitcoin, I keep on encouraging more family members and friends to buy. I also do my part to teach my family and friends the benefits of buying Bitcoin. Also benefits as well as how you can start storing wealth using Bitcoin.

Sound like a very good thing to do. But I hope you also need to explain what the risk of investing in bitcoin are so that they also know that apart from this investment having benefit or profit, they will also know that there are risk that always lurk. Also, I think anyone can buy bitcoin at any time if the goal is to save their money in bitcoin and this can prevent tension when the price down. If they buy because they want to make a profit, then they should buy because of good analysis.

I don't know why you have to suggest investment in bitcoin to anyone. You know, people want to get rich overnight, so, if anything bad happens, they'll blame you and tell you that you are stupid who knows nothing and it's a fault that they believed in you, etc.

There is nothing wrong with suggesting people to buy bitcoin because that is one attitude that seem to support bitcoin to continue growing, but at least they should be able to explain the risk involved in this investment well so that people will consider it for themselve before making a decision.

[Kittygalore]

But you must also be able to explain the risks of investing to your friends and must have a clear investment pattern and target, whether short term, medium-term or long term. In addition, if your friend intends to buy bitcoin, it's a good idea to understand this cryptocurrency first. So, no regrets after that.

That's what I was thinking too, OP has to also explain to his/her friend the risks involved in investing bitcoin because there's a possibility of being blamed for recommending bitcoin because the friend didn't know the risks involved. If I were to recommend bitcoin to a friend, I also have to ask them of their risk tolerance and if they can hodl for a really long time.

[rahmatrf331]

But you must also be able to explain the risks of investing to your friends and must have a clear investment pattern and target, whether short term, medium-term or long term. In addition, if your friend intends to buy bitcoin, it's a good idea to understand this cryptocurrency first. So, no regrets after that.

That's what I was thinking too, OP has to also explain to his/her friend the risks involved in investing bitcoin because there's a possibility of being blamed for recommending bitcoin because the friend didn't know the risks involved. If I were to recommend bitcoin to a friend, I also have to ask them of their risk tolerance and if they can hodl for a really long time.

I don't think it's necessary to continue discussing the risk to you because it makes your friends continue to panic and be afraid to invest. It's a good idea to explain strategies and steps to play cryptocurrencies properly and correctly. when exactly to buy and when exactly to sell.
I think if it's like this, your friends will be easy to understand and interested in investing.

[LUCKMCFLY]

The truth is that I have always recommended my friends to buy BTC, very few have listened to me, in the same way what I do now is send them links to articles so that they themselves through reading know that it is something safe, in fact one of them sent me this very interesting article:

Bitcoin traders need to know about this ‘very bullish thing’

Trader and analyst, Scott Melker, in a recent video highlighted that around December 2020, Bollinger Bands were tight, then in April 21 bands had constricted again. Interestingly, through this entire month, bands were really tight; previously when this happened in December (2020) and April (2021) it ‘led to a volatile explosive move’ shown by BTC’s price. Melker further called this tightening and recent opening up of bands a ‘very bullish thing.’

Source: https://ambcrypto.com/bitcoin-traders-need-to-know-about-this-very-bullish-thing/

I think there are plenty of reasons to recommend buying bitcoin to a friend, however it is good to recommend backups like these.

[imstillthebest]

so what if there are now giant whales that control the market .
 cant you see you and me are still here . you arent scared so why will you stop your friend ? your friend seems willing to try btc and if he loose , he will not blame you straight but he wont lose easily because you are there to guide him .
whales are not new in the market and even if they are here , the market still moves the same ( up and down ) and we can make use either of the two situation to benefit .

[roosbit]

Whales will always be in the market and unlike us they are more interested in long-term gains of crypto and will always have the power to control the markets using their huge share of coins, and that shouldn't scare you..

Bitcoin price is on the higher side but if your friend doesn't mind the risk then he would consider this to be a good investment and just to diversify the portfolio some altcoins could be considered too.

[carlfebz2]

Whales will always be in the market and unlike us they are more interested in long-term gains of crypto and will always have the power to control the markets using their huge share of coins, and that shouldn't scare you..

Bitcoin price is on the higher side but if your friend doesn't mind the risk then he would consider this to be a good investment and just to diversify the portfolio some altcoins could be considered too.

He should tell him about the risk and the potential that he would might ending up on holding that long because this market cant really be predicted on when it would rise up its price.

Its not bad to make out some recommendations to someone but you should be that responsible on telling the risk because this investment isnt something giving out guarantee to make profits

unless if you do hold for long term then you might have a chance.Just tell him that invest on the money that he could afford to lose.

[erep]

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 recommend your current investment to a friend who understands the risks in the crypto market, otherwise he will blame you during the dump market conditions and not understand the real market movement patterns before the bull market.

[ShowOff]

You can recommend your current investment to a friend who understands the risks in the crypto market, otherwise he will blame you during the dump market conditions and not understand the real market movement patterns before the bull market.

Price volatility is volatile and can change at any time of the day. Recommending the purchase to people who don't understand how the market works may be far more dangerous for them if expectation don't match reality. It's okay to recommend buying as long as it detail what risks may be caused by volatility. This requires it to have responsibility after purchase so you are not blamed.

[Timelord2067]

There is never a wrong time to recommend to a friend that they start buying bitcoin.  Anyone at the entry level needs to understand you won't get rich overnight with bitcoin, and, holding for many years might seem good, all it does is take those funds away from someone who might want to use bitcoin for what it was intended - as a method of secure online payment.

That said, get your friend buying $10, $25, $100 at a time - regular savings bought weekly/fortnightly/monthly during the dips and surges alike.

[RealMalatesta]

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。

Specially after reaching this 40k levels, I do not think that it would be wise to invest into something that already increased so much. I would assume that 30k could have been a decent place to start, at least the friend would have a profit already and if he wants to get out he could have, and if he doesn't want to get out they could just wait for it to go higher and higher and even if it falls for a while they would be still in profit which is why they would be able to wait for it to keep going up in the future without being in negative.

However now that we are higher now, I do not think that it makes sense to make a profit based on what I am seeing now, there is a chance we could drop from here, not too much, not under 30k again for a while, but I do not see it going over 40k+ too much, not a 45k price or something anytime soon, I believe that won't happen.

[ILuckyGuyI]

You can recommend it of course. Because the market is still rising. People can see it as a good opportunity to buy not to miss this new rally. But still, I think that it'd not be good to give some investment advices to anyone. People should decide by themselves about what to do.