Can I recommend a friend to buy Bitcoin now?

[mumang siat]

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。

Anything can happen for now, but if the biggest opportunity is in our favor, then it's only natural that we sell the coins we have, rather than taking risks that are uncertain in the future, bitcoin is now good and suitable to be released, considering the current bitcoin price even higher than in previous months.

But if you can be patient, it's good to save the bitcoin for sale in the next year, everyone even the experts have made many predictions, that bitcoin will experience a good selling value in the following year.

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[leea-1334]

Forget about the market condition and urge your friend to buy Bitcoin for the sake of having it, learning how to use it, transact it, if he experienced how to use and like it, he will do research and will eventually find out the beauty of using and holding Cryptocurrency, once he experienced it then he decides for himself what is the right time to buy more, he should first understand it.

Actually,,, a very bad idea. Never tell anyone what to do with money they might or might not have. Only saving money is what I can feel is safely adviced, to not spend on unnecessary things.

Let us not forget Bitcoin is known to have extreme volatility and can dip down as far as 90% before going up again.

Friends may not have the patience to wait until years.

[Sanugarid]

You can but you have to advice your friend that he/she should assess if he/she is a patient person that can wait for months if not years for his/her investment to go up and if she/he can stay calm when the prices aren't doing good. Now if he/she feels like no for both then they shouldn't invest right now.

[Fortify]

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 will never be able to predict the direction that bitcoin is heading, even if we are in a speculation section of the forum. It is a very bad idea to start handing out investment advice in a field that you (or anyone else for that matter) have no way of determining the future. It is not as if you are saying - put your money in this bank account it'll earn you 4% per year guaranteed! or even, this company has been around for a while and is very unlikely to go out of business - you can make 7% per year on your money if you invest based on my extensive research. If you truly value this friend, you can describe why you think Bitcoin will rise, e.g. a steadily diminishing pool of a desirable asset, but make sure they are aware of the risks - it had a similar level of flight as the stock market when a crisis (Covid) struck.

[huu78]

I think if you want to invest long term this is not too bad, I mean use safe money, where this money is no longer needed for the next few years. I believe bitcoin investment for the next 4-5 years will yield more. I see around many of my friends and relatives who are just getting to know crypto and are starting to choose Btc investments over gold.

[Fredomago]

I think if you want to invest long term this is not too bad, I mean use safe money, where this money is no longer needed for the next few years. I believe bitcoin investment for the next 4-5 years will yield more. I see around many of my friends and relatives who are just getting to know crypto and are starting to choose Btc investments over gold.

No doubts, with such success over 10 long years, there are many people who are now into this investment. Believing that after some year the value will increase and give them decent profits.

It's not bad if you are going to treat it as long term and you are sparing money that you intend to save, better than keeping it in banks.

Bitcoin has that impression to grow. The cycle, though, is really hard to understand, but keep in mind that it always bring nice outcome for those who can hold and wait.

[rahmatrf331]

For now I think the bull period is not over. Better to do day trading on some altcoins for now. I feel the 4 year cycle of bitcoin is still in effect. Maybe at the end of the year you can start buying btc When the bears have appeared.

bitcoin fortress is not over and never ends, you can still recommend your friends to invest now because bitcoin is in decline.

I see investors now too greedy to expect bitcoin to be quickly pumped at a high price, while only a few weeks of investing has not yet been months. To get big profits, of course, you have to be patient.

work in the government and in private companies, you have to be patient a month before you can be paid. now it's only been two weeks of investing, it's just starting to give up and it's frustrating when the price is slightly corrected.

[bakasabo]

I would never make recommendations when to buy or sell cryptocurrency. Every person should make his own decisions. Because I dont want to be responsible for something I can make influence on. I cant influence on the price, but in case of failure I would be one to be blamed.

Instead I would better introduce Bitcoin or cryptocurrency itself to a person, showing how easy can be earned, and how easy everything can be lost.

[awakpane]

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。

Indeed, bitcoin trading is very good, especially if your friend wants to buy bitcoin for a profit, this is the right moment to invest in crypto. But you also have to be able to explain to your friends the advantages and disadvantages of investing in digital currency. The purpose of investing is to make a profit, and the biggest risk of investing is losing capital. So invest in what you know.

[Kittygalore]

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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.

Now that's a stupid one, if you aren't an expert on trading or works as a professional on the field, you don't have the right to discuss strategies because you're just feeding them BS that might not work for them. Telling them right away the risk is much better because you let them know what they're getting into so they won't blame you when there's losses.

[carlisle1]

Indeed, bitcoin trading is very good, especially if your friend wants to buy bitcoin for a profit, this is the right moment to invest in crypto. But you also have to be able to explain to your friends the advantages and disadvantages of investing in digital currency. The purpose of investing is to make a profit, and the biggest risk of investing is losing capital. So invest in what you know.

Invest only when you already understand what you are doing. Yes,
Bitcoin or crypto is a good investment but unlike other form of investment the risk is too high if you don't know what you are doing.

people who wanted to invest need not only recommendation coming from those who knows this investment, but they also needs to work
with their own understanding, i's easy to say that by now and hold but the attitude  after seeing the volatility will be the question in the
long run, if your friend is not mentally ready he might fear and lose his investment.

[Hamphser]

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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.

Now that's a stupid one, if you aren't an expert on trading or works as a professional on the field, you don't have the right to discuss strategies because you're just feeding them BS that might not work for them. Telling them right away the risk is much better because you let them know what they're getting into so they won't blame you when there's losses.

Blaming would be there because they do know that you are instructing them on what to do and giving out somewhat some assurances with crypto investment and if it turns out to be bad then theres no other that they can blame off but only you.

You can recommend bitcoin to a friend but always remember to tell off about the risk so that they wont really be expecting that much in regards to this.
They would only realize off things when they do already got the experience on their own. Just dont make any assurances that  they could really profit off from time to time.

[Shohanur]

Personally I don't want that someone blame me for any decision. I'm not a financial advisor and don't take money for this decision. So why I will take this risk by giving recommendation to others. I can provide all the information about bitcoin like advantages, features, opportunities, why it can pump and so on. I don't like to involve in one's personal decision.

[coin-investor]

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。

When it comes to investing advice it's always on individual preferences or decision as long as they know the risk and they know the market condition if your friend wants to buy because they believe that it's a good time to buy and he is investing what he can afford to lose, then let him proceed, in my experience, I always tell my friend to read a lot and fill themselves with the relevant informant that will help them to buy and sell at the right time.

[Ibrahim60]

Personally I don't want that someone blame me for any decision. I'm not a financial advisor and don't take money for this decision. So why I will take this risk by giving recommendation to others. I can provide all the information about bitcoin like advantages, features, opportunities, why it can pump and so on. I don't like to involve in one's personal decision.

Money will destroy friendship, I think we only introduce bitcoin and in investing always say profit or loss opportunities, the decision to buy of course we can't force, even when there are friends who are too enthusiastic and ask a lot of questions to invest, I always recommend looking trusted recommendations that are good. We don't get profit if he buys but become a burden if he loses.

I'm appreciate with your opinion. If he tell his friend to buy Bitcoin and in the meantime if the price going to decrease then his friendship may be broken or his friend can think negative about him. So this is good to recommend him about Bitcoin and tell him to make his own research and after that if his friend think that investing on Bitcoin is good then he can invest otherwise its his choice. Though by investing on Bitcoin anyone can make great profit. But there's always a risk in cryptocurrency.

[anti-dot]

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。

When it comes to investing advice it's always on individual preferences or decision as long as they know the risk and they know the market condition if your friend wants to buy because they believe that it's a good time to buy and he is investing what he can afford to lose, then let him proceed, in my experience, I always tell my friend to read a lot and fill themselves with the relevant informant that will help them to buy and sell at the right time.

The issue is that whether you want it or not you will feel good for him when the coin goes up, but the opposite is also true and you feel bad for him and somehow guilty when the coin goes significantly down. I have always refrained from giving a clear recommendation to buy and I did well with it. You can still phrase a recommendation in a way such that you don't really tell him to buy, but wouldn't tell him not to buy might be a better way to put it.
Usually, good friendships are above a recommendation even if it goes wrong because both parties knew that it could happen, but some will be mad at you certainly.

[Fredomago]

The issue is that whether you want it or not you will feel good for him when the coin goes up, but the opposite is also true and you feel bad for him and somehow guilty when the coin goes significantly down. I have always refrained from giving a clear recommendation to buy and I did well with it. You can still phrase a recommendation in a way such that you don't really tell him to buy, but wouldn't tell him not to buy might be a better way to put it.
Usually, good friendships are above a recommendation even if it goes wrong because both parties knew that it could happen, but some will be mad at you certainly.

To avoid that to happen it's always better to give them pointers to review before letting them to pursue their own careers inside this market.

Recommendation always inside us as we wanted our friends or love ones enjoy those benefits that we are having from this industry.

But the difference is we all understand the risk, and that what you have to introduced to them before anything else, letting them understand that there's always a high risk that they needed to surpass in order for them to enjoy and succeed from this venue of investment.

[STT]

You can say its ok over time and give an opinion for the next year.   The problem with most us we only want to buy at the cheapest price and sell at the highest price but the irony is the best gain is by capturing a good average not absolutes.
  BTC is very likely to be rising over years, if you are buying during those years you will capture that rise even if you did not get the lowest price you were involved.  The hesitation in trying to get perfect timing ends up being the greater negative then just entering an ongoing market that appreciates.   This is a rule that applies to tons of assets and market sectors, just decide if you want to be involved with crypto and then set a percent you would buy regularly.      Traders are something else, alot of those attempts will fail and trading advice cant really be given its like riding a horse you got to gain experience cant really give it.

[perfect999]

Money will destroy friendship, I think we only introduce bitcoin and in investing always say profit or loss opportunities, the decision to buy of course we can't force, even when there are friends who are too enthusiastic and ask a lot of questions to invest, I always recommend looking trusted recommendations that are good. We don't get profit if he buys but become a burden if he loses.

I'm appreciate with your opinion. If he tell his friend to buy Bitcoin and in the meantime if the price going to decrease then his friendship may be broken or his friend can think negative about him. So this is good to recommend him about Bitcoin and tell him to make his own research and after that if his friend think that investing on Bitcoin is good then he can invest otherwise its his choice. Though by investing on Bitcoin anyone can make great profit. But there's always a risk in cryptocurrency.

That's the best possible approach. Don't force your decision on someone or lure them into doing something but just inform them what you think about it and let them do their own research and due diligence before buying or selling.

No matter how pure your intentions are, if the person you suggested buying bitcoins faces a temporary loss, they will always blame you. I am not just saying but I have experienced something similar to this. It's never a great idea to help someone so much that they start wondering if you have a personal motive behind it.

[bitzizzix]

Although the price of bitcoin is currently high and it's a bit late to recommend it to friends, it never hurts to give it a try so we can be successful together.
and i think everyone now know what bitcoin is because of its increasing popularity compared to the past its hard to recommend to friends because they don't know bitcoin at all, and for now if we believe bitcoin price will hit high price again for long term there's nothing wrong with doing it with long-term investment goals.
and this is what I do now recommend it to some of my friends and I think in the long run it will have less risk and provide the best explanation for them to understand and convince, and besides I share stories about the best experiences when engaging with bitcoin what is I've made and the biggest profit as long as I do it in the long run.
and that way they will be interested and try to find out for themselves and learn to analyze and finally some of my friends get involved and invest, and I also suggest trying to buy gradually when there is a decline and keep doing analysis, and now they have seen profits even if only a little , and they are very happy and I also assure them that the price of bitcoin will reach 100K and will continue to rise and I also advise not to hold it all the time, if they think it is profitable it's up to you whether you want to sell it or not.