Can I recommend a friend to buy Bitcoin now?

[dunfida]

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.

Let them decide for themselves about their investment.The thing you can do here is to tell the basics and risks about bitcoin investment and you wont tend to force up on investing into it
but i cant really blame majority of people would suggest out because it does really have that potential.

You can tell the pros but you can tell the cons as well and let them decide for themselves so that you wont really get blamed when the market turns out to be bad.

Tell them about volatility and when they do hear out then they do have at least the idea.

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[adzino]

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。

Does your friend know about all the risks associated with investment in bitcoin? If yes, then yeah, tell him to invest. If he can afford, why wait for the price to crash? You don't know if the price is going to crash or not. There were people who wanted to invest in bitcoin when it went as low as $29,000 USD, but they didn't because they thought it would go even lower to almost $25,000 USD. Did it happen? Nope. They just missed their chance to make some nice profit. If you think it will go lower, then just invest a little now. When it goes down, invest more.

[nurilham]

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

Why forbidden to enter? For those people who know the crypto market nature, they must realize this time is a good time to buy. But make sure to buy at the right time and at the right price. For Bitcoin, I think we are better to buy below $40k, maybe around $35k - $38K if there is a decline in the next few days. Bitcoin already experienced a long time for sideways and bearish in the last few months, I am sure there will be a good time for Bitcoin in Q4 of this year.

[erep]

Why forbidden to enter? For those people who know the crypto market nature, they must realize this time is a good time to buy. But make sure to buy at the right time and at the right price. For Bitcoin, I think we are better to buy below $40k, maybe around $35k - $38K if there is a decline in the next few days. Bitcoin already experienced a long time for sideways and bearish in the last few months, I am sure there will be a good time for Bitcoin in Q4 of this year.

We have to be patient to wait for the right momentum if we want to buy it at a lower price but if we want to invest long term then now we have the opportunity to net at $38k when resistance occurs, I think the market will recover soon so have to make a decision before it's too late to wait for the bullish to come.

[nurilham]

We have to be patient to wait for the right momentum if we want to buy it at a lower price but if we want to invest long term then now we have the opportunity to net at $38k when resistance occurs

Sure, we should be patient to wait for the right time to buy. $38k is still possible if there will be a dump, but it is unlikely to happen this weekend. Maybe it will take two or three days for the next decline time. But I suggest not buying for the long term, it is time to buy for a short-term target. if you want to buy for the long term, you are better to wait for the bearish season. Then, you can buy Bitcoin at a very cheap price. While today, we are still in bullish season, just focus on buying for the short term.

[pinggoki]

There's no foolproof way for us investors to know when the market will rise and fall, best we could do is formulate speculations and predictions based on the movement of the market and nothing else. What I suggest you do is inform him/her instead of bitcoin and give him an expectation that bitcoin is not something that you could get a quick buck from whenever you so please. There's a huge margin of loss here that some people may not be able to afford, so only advise someone to invest if you are positive they can weather the losses they will potentially incur while on this run.

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.

Advices are one thing, I've been told about cryptocurrencies by a friend of mine too and I can never be less grateful that he did so because it certainly had become a life-changer for me. What is always important is setting an expectation that this is not always rainbows and unicorns, there is risk of loss that everyone from the smallest investors to the biggest bagholders are susceptible from.

[sunsilk]

The market is free for everybody so if you're friend is asking you to recommend him buying bitcoin, you should just tell him buy if he wants to buy at the top but advise him to buy whenever he thinks that he's prepared.

There's a long series of dips but no one will really look at that opportunity especially those that don't look the market as if it's the best time to buy by those times. I'm done recommending my friends to buy bitcoin, I've not talked to them about bitcoin anymore even if they ask to because I'll be blamed if they don't make a profit and sees its price go down.

[Taskford]

We have to be patient to wait for the right momentum if we want to buy it at a lower price but if we want to invest long term then now we have the opportunity to net at $38k when resistance occurs

Sure, we should be patient to wait for the right time to buy. $38k is still possible if there will be a dump, but it is unlikely to happen this weekend. Maybe it will take two or three days for the next decline time. But I suggest not buying for the long term, it is time to buy for a short-term target. if you want to buy for the long term, you are better to wait for the bearish season. Then, you can buy Bitcoin at a very cheap price. While today, we are still in bullish season, just focus on buying for the short term.

But what if the right time is now and bitcoin will go pump again upto $60,000 or even more? Then his friend will miss to buy and got his at more expensive price right? Maybe it's good to buy but make sure you do it because you use it on investments to make your bitcoins grow but if you buy just because to hodl then it will give you a lot of stress since market moves unexpectedly it can go up and down any time or shall we say any minute.

[Quidat]

We have to be patient to wait for the right momentum if we want to buy it at a lower price but if we want to invest long term then now we have the opportunity to net at $38k when resistance occurs

Sure, we should be patient to wait for the right time to buy. $38k is still possible if there will be a dump, but it is unlikely to happen this weekend. Maybe it will take two or three days for the next decline time. But I suggest not buying for the long term, it is time to buy for a short-term target. if you want to buy for the long term, you are better to wait for the bearish season. Then, you can buy Bitcoin at a very cheap price. While today, we are still in bullish season, just focus on buying for the short term.

But what if the right time is now and bitcoin will go pump again upto $60,000 or even more? Then his friend will miss to buy and got his at more expensive price right? Maybe it's good to buy but make sure you do it because you use it on investments to make your bitcoins grow but if you buy just because to hodl then it will give you a lot of stress since market moves unexpectedly it can go up and down any time or shall we say any minute.

Always tell him on about the risk and only invest on the amount that he could afford to lose and its true that bitcoins price is starting to show up some recovery
and they would surely be having that regret when they do missed out on buying while its still cheap.Its just a matter of choice though because we do have
different decisions towards investment.Just tell him about the risk and the basics on how market do behaves and the possibility on making profits
and the rest, leave it as it is and let him be on what would be his next move.

[Luqman]

There is never a wrong time to recommend to a friend that they start buying bitcoin.

There should be a wrong time, don't deny it. If he suggests his friend buying when the market looks like to start a bearish season, it is a very bad idea. I don't know how good the understanding of his friend about crypto market and Bitcoin investment is. But since he asked for a suggestion, it means he still has a lack knowledge to determine the price to buy. Robinson66 must be careful to suggest buying time for his friend.

[Wawa2013]

We have to be patient to wait for the right momentum if we want to buy it at a lower price but if we want to invest long term then now we have the opportunity to net at $38k when resistance occurs

Sure, we should be patient to wait for the right time to buy. $38k is still possible if there will be a dump, but it is unlikely to happen this weekend. Maybe it will take two or three days for the next decline time. But I suggest not buying for the long term, it is time to buy for a short-term target. if you want to buy for the long term, you are better to wait for the bearish season. Then, you can buy Bitcoin at a very cheap price. While today, we are still in bullish season, just focus on buying for the short term.

But what if the right time is now and bitcoin will go pump again upto $60,000 or even more? Then his friend will miss to buy and got his at more expensive price right? Maybe it's good to buy but make sure you do it because you use it on investments to make your bitcoins grow but if you buy just because to hodl then it will give you a lot of stress since market moves unexpectedly it can go up and down any time or shall we say any minute.

Always tell him on about the risk and only invest on the amount that he could afford to lose and its true that bitcoins price is starting to show up some recovery
and they would surely be having that regret when they do missed out on buying while its still cheap.Its just a matter of choice though because we do have
different decisions towards investment.Just tell him about the risk and the basics on how market do behaves and the possibility on making profits
and the rest, leave it as it is and let him be on what would be his next move.

I agree with you that it is very important to tell him about the risks involved when buying Bitcoin. Don't just promise him the big profit he will make,
we do need to explain in detail the positives and negatives that will be faced if someone decides to buy Bitcoin. So that when Bitcoin does not move
as expected, we are not blamed for recommending buying Bitcoin.

[ancafe]

The market is free for everybody so if you're friend is asking you to recommend him buying bitcoin, you should just tell him buy if he wants to buy at the top but advise him to buy whenever he thinks that he's prepared.

There's a long series of dips but no one will really look at that opportunity especially those that don't look the market as if it's the best time to buy by those times. I'm done recommending my friends to buy bitcoin, I've not talked to them about bitcoin anymore even if they ask to because I'll be blamed if they don't make a profit and sees its price go down.

Yes, I also have friends like that. they think that investing in bitcoin will only always be profitable. in fact, he would have benefited if he held back until now. however, I don't think he was ready for the downturn and quickly sold the bitcoins he bought when he saw his assets go down like a waterfall

however, we can suggest our friends buy bitcoins or altcoins any time. however, before that, educate them about the benefits as well as the risks.

[asrinur]

If you are already successful in crypto investment maybe you can recommend your friends to buy bitcoin. It's not too late for your friends who want to get in and try playing crypto assets. The prospect of crypto assets in the future will continue to rise. Moreover, bitcoin is currently also being looked at as an investment instrument compared to a few years ago. But, you still have to be careful, after all, crypto assets are still relatively new. The reason is, fluctuations in crypto assets are very sharp. So you should already have enough knowledge before deciding to try.

[geegaw]

If you are already successful in crypto investment maybe you can recommend your friends to buy bitcoin. It's not too late for your friends who want to get in and try playing crypto assets. The prospect of crypto assets in the future will continue to rise. Moreover, bitcoin is currently also being looked at as an investment instrument compared to a few years ago. But, you still have to be careful, after all, crypto assets are still relatively new. The reason is, fluctuations in crypto assets are very sharp. So you should already have enough knowledge before deciding to try.

If you want to reduce your meetups with your friends in the near future then end the relationship in the far future, you should recommend this bitcoin investment to him because this investment model is easy to destroy mutual trust, people to people, a teammate with understanding and contribution is very good but if it's someone who is ignorant and demands the burden of responsibility from us, I don't recommend that we carry extra stones in our luggage. The social path and the investment path can only be walked by yourself, not by the guidance of others

[erep]

Sure, we should be patient to wait for the right time to buy. $38k is still possible if there will be a dump, but it is unlikely to happen this weekend. Maybe it will take two or three days for the next decline time. But I suggest not buying for the long term, it is time to buy for a short-term target. if you want to buy for the long term, you are better to wait for the bearish season. Then, you can buy Bitcoin at a very cheap price. While today, we are still in bullish season, just focus on buying for the short term.

You can make your own decisions for investing or trading in current market conditions, but I recommend buying $38k because the market volatility will likely return to prices below $40k before reaching above $45k, not an accurate prediction but just my analysis based on current market patterns.

[skarais]

You can make your own decisions for investing or trading in current market conditions, but I recommend buying $38k because the market volatility will likely return to prices below $40k before reaching above $45k, not an accurate prediction but just my analysis based on current market patterns.

We all know that the price of bitcoin will fluctuate from time to time and there is always the potential for volatility. But I think the support line at $40K is still strong enough to hold market sentiment so far. Bitcoin will move up slowly and will break the $42K to $45K resistance and at least that's what I think about bitcoin at the moment. I don't think the bitcoin price will ever return to the $38K level, while $45K is the best hope so far to look forward to something that will come true.

[sunsilk]

The market is free for everybody so if you're friend is asking you to recommend him buying bitcoin, you should just tell him buy if he wants to buy at the top but advise him to buy whenever he thinks that he's prepared.

There's a long series of dips but no one will really look at that opportunity especially those that don't look the market as if it's the best time to buy by those times. I'm done recommending my friends to buy bitcoin, I've not talked to them about bitcoin anymore even if they ask to because I'll be blamed if they don't make a profit and sees its price go down.

Yes, I also have friends like that. they think that investing in bitcoin will only always be profitable. in fact, he would have benefited if he held back until now. however, I don't think he was ready for the downturn and quickly sold the bitcoins he bought when he saw his assets go down like a waterfall

however, we can suggest our friends buy bitcoins or altcoins any time. however, before that, educate them about the benefits as well as the risks.

There are many those type of people that only thinks about the profit but, don't want to settle and take the reality that bitcoin is still risky and there's a probability that after buying, they might see the drop.

We can suggest them to buy but do not forget to tell that there's risk, crypto market is very volatile and it's not always the profit that they must take into consideration.

[Slow death]

this is a very risky market that can make people lose money and we all know that all people don't like to lose money, so be careful because if your friend sets high expectations and then loses money then he will accuse you of cheating, i saw this once when i talked about bitcoin to friends, they lost money because the price of bitcoin went down a lot and they sold out in panic and then they started blaming me for the losses they have, it was great. I suggest you tell your friends to buy bitcoin at their own risk

Maybe let your friend know what risk behind this kind of investment.

the central problem is that people new to this market come in with high expectations of making quick profits, even if warnings do not work, they as soon as the price of bitcoin drops a lot they start selling in panic because despair takes over and then they blame the person put them on the market

[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。

Maybe let your friend know what risk behind this kind of investment. And then beside you maybe suggest him with your analysis, make sure he learn about technical analysis too so he not wrong to enter market if he do trading alone. If me i think any price of bitcoin as long it is not really in peak is good to buy, because we still can hold it if price fall and usually in future price can be better.

Always tell them about the risk so that they wont get shocked if they would see their investment is going down.Yes, you can recommend bitcoin to everyone but always be mindful

about the potential risk and they wouldnt really blamed you if they do have negative on their investment.Just tell them on studying or on making more research so that

they would have at least idea on what they are up into and not just diving in just because of being hyped or see some good profits from other people.

[19Nov16]

Sure, we should be patient to wait for the right time to buy. $38k is still possible if there will be a dump, but it is unlikely to happen this weekend. Maybe it will take two or three days for the next decline time. But I suggest not buying for the long term, it is time to buy for a short-term target. if you want to buy for the long term, you are better to wait for the bearish season. Then, you can buy Bitcoin at a very cheap price. While today, we are still in bullish season, just focus on buying for the short term.

You can make your own decisions for investing or trading in current market conditions, but I recommend buying $38k because the market volatility will likely return to prices below $40k before reaching above $45k, not an accurate prediction but just my analysis based on current market patterns.

Market patterns are always unpredictable, when the price can reach $41k then I'm optimistic that the price will continue to rise, so I buy bitcoin at a price of $41k, unfortunately the market is red again but I'm always optimistic that this year the price can reach ATH.