Can I recommend a friend to buy Bitcoin now?

[jostorres]

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.

It depends on the type of relationship you have with the person. If someone from your family is new to crypto, you cannot just act professionally and ask them to research of their own. You know if even things go wrong they will never hold you responsible or make you feel guilty for it.

If the relationship is formal, I agree that it's better to inform instead of convincing him/her to put money.

I have suggested so many friends in my college about so many things in past and they always appreciate when things turn out good and make fun if they went wrong. That's because my relationship with them was not family, neither it was formal though.

[Hamphser]

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.

You wont really be having that guilty feeling even if he's your friend as long you do give the warning and hints about the risk of cryptocurrency. It wouldnt be always going on the top and of course you could really

recommend bitcoin to a friend as long you do explain to them about the risk and the earning opportunities and the rest would really be on his own when he do start to step foot into this market.

You shouldnt really make out some assurances because that will totally affect your relationship to your friend once the price had plummeted or opposes on what he do anticipate.

[livingfree]

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.

You give them the pros and cons and all of the possibilities of what will happen if they enter.

That's the safest thing to do and you have disclaimer and it's like telling a summary of your experience on them so that they will be aware of what can be their state after buying.

[fortunecrypto]

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。

As always the best time to buy is when the market is dipping, but we never know how long the market will dip or will it continue to rise, the market is very volatile and sometimes hard to access if you suggest to your friend to delay buying he might end up buying late and on a much higher price and this will cause a strain in your relationship, let him decide for himself when it comes to investing in the market the investor's own decision matters, you can suggest but his decision is the one that matters.

[milewilda]

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 the current market conditions, I think it is more suitable to make a sale than to make a purchase, but everyone has their own understanding of investing, this is what makes it difficult for us to give advice to such a person, because we are afraid that he will misunderstand the meaning of the advice. that we give.
So whatever we say, according to him, is untrue and untested, although sometimes what we say is based on studies and natural conditions that are happening.

We do have different targets or goals towards our crypto holdings because some might  really be active on selling out for fast profits but there are some who do really mind off about long term aspects.
Yes you can recommend bitcoin to a friend but always speak off about the risk involved in Bitcoin that it isnt a sure thing for you to make money and dont anticipate that much so that you
wont really get frustrated about its volatility and you should really be prepared for that when you do step in into  this market. Dont hope that much and only
invest on the amount that you could afford to lose.

[hello_good_sir]

Get him to decide for himself.

Why should you feel the obligation to recommend an investment strategy to someone else entirely? If it doesn't pan out, they will blame you and your reputation is on the line.

Especially with the crypto market at such heights, I would be pretty uncomfortable in terms of selling recommendations to anyone. If you absolutely want to, either tell them to DCA or to wait until a correction below $40k occurs again before buying a lump sum.

[Quidat]

Get him to decide for himself.

Why should you feel the obligation to recommend an investment strategy to someone else entirely? If it doesn't pan out, they will blame you and your reputation is on the line.

Especially with the crypto market at such heights, I would be pretty uncomfortable in terms of selling recommendations to anyone. If you absolutely want to, either tell them to DCA or to wait until a correction below $40k occurs again before buying a lump sum.

But there are really some friends which are really asking out some suggestions to their friends and its really different when it comes to suggestions neither a friend would really be that mindful on giving out best suggestion or wouldnt really care at all because its their money then its their full decision to make but it isnt bad to give out some warnings that cryptocurrency investment isnt something talking about easy money or profits
on where most newbies or noobs do really think off. Invest on their extra money and dont make use of their life savings or money which are intended for more important things.

[livingfree]

Get him to decide for himself.

Why should you feel the obligation to recommend an investment strategy to someone else entirely? If it doesn't pan out, they will blame you and your reputation is on the line.

Especially with the crypto market at such heights, I would be pretty uncomfortable in terms of selling recommendations to anyone. If you absolutely want to, either tell them to DCA or to wait until a correction below $40k occurs again before buying a lump sum.

They will certainly blame you if you're the one who's been encouraging them to invest.

But if it's your friend that asks for a help then you're not accountable for whatever is the outcome of his investment through bitcoin. But it is bitcoin and it's understandable that it's best for long term.

Still, there's a need to explain how high its volatile is.

[Vaculin]

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 is already almost a month and if your friend had listened to you that time, they are in profit already.

This current view of the market trend really gives some hope and possibly it going to happen that we were able to reach $100k someday, next year? Who knows, exactly. Investing this current price is totally risky as we are hyped but might it happen that this will be the last time we ever see Bitcoin at $40k plus.

From $30k plus, going to the $40k level, I was thinking the $50k level will be the next target.

[Vaskiy]

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 is already almost a month and if your friend had listened to you that time, they are in profit already.

This current view of the market trend really gives some hope and possibly it going to happen that we were able to reach $100k someday, next year? Who knows, exactly. Investing this current price is totally risky as we are hyped but might it happen that this will be the last time we ever see Bitcoin at $40k plus.

From $30k plus, going to the $40k level, I was thinking the $50k level will be the next target.

Investing on Bitcoin is always profiting, but it requires patience if the investment is made at the top. The market at present seems to be bullish and so investment by now could get profit if made in large volume or as a whole unit. Investing on small volumes requires patience to enjoy the profit. To make a minimal profit it is good to invest unlike the market and its price. Just buy and get into regular trading which gets you an earning out of the market fluctuation.

[OrangeII]

Get him to decide for himself.

Why should you feel the obligation to recommend an investment strategy to someone else entirely? If it doesn't pan out, they will blame you and your reputation is on the line.

Especially with the crypto market at such heights, I would be pretty uncomfortable in terms of selling recommendations to anyone. If you absolutely want to, either tell them to DCA or to wait until a correction below $40k occurs again before buying a lump sum.

They will certainly blame you if you're the one who's been encouraging them to invest.

But if it's your friend that asks for a help then you're not accountable for whatever is the outcome of his investment through bitcoin. But it is bitcoin and it's understandable that it's best for long term.

Still, there's a need to explain how high its volatile is.

yes, I would also probably do the same. I will explain what I know about bitcoin or cryptocurrency, then I will give the final decision to him. many people blame others when they get lost in the crypto world because of such an invitation. even though there is currently so much positive news regarding bitcoin or other cryptocurrencies, we can't stop FUD which usually comes suddenly and dumps prices again. however, give him as much explanation as possible, and give him references to charts and news. maybe you can explain to him about the popular coins in CMC or CG, it's very easy to understand. other than that, try to give him an idea about the potential of a coin, and you can give him a reference in graphic analysis that is usually found in online magazines such as Cointelegraph.
again, let him decide whether he should buy or wait. make sure to tell him DWYOR

[Dread Pirate Roberts]

They will certainly blame you if you're the one who's been encouraging them to invest.

would definitely feel bad for giving recommendations that didn't live up to their expectations lol. better to just educate the good and bad investing in bitcoin. and ask or explain more about of his investment plan for long term or short term . and provide a clear explanation of bitcoin price movements and volatility in market price.

[Reosta_]

You recommend your friend to buy Bitcoin any time. There is no certain time to buy Bitcoin. If you missed the dip, then no worries. You can still make an investment into Bitcoin considering it is going to be for a long term. Eventually, you can make a lot of profit. But being patient is the most important thing. Maybe you will wait for a year or more time. But it will be worth the wait.

[Lubang Bawah]

You recommend your friend to buy Bitcoin any time. There is no certain time to buy Bitcoin. If you missed the dip, then no worries. You can still make an investment into Bitcoin considering it is going to be for a long term. Eventually, you can make a lot of profit. But being patient is the most important thing. Maybe you will wait for a year or more time. But it will be worth the wait.

Inviting a friend to invest bitcoin is a good thing, this is an investment that has proven to be very profitable, but we don't force him to buy immediately, it's better to provide all information related to bitcoin, if he is sure to buy then recommend a trusted exchange because when there are too many scam exchanges.

[Kelvinid]

They will certainly blame you if you're the one who's been encouraging them to invest.

would definitely feel bad for giving recommendations that didn't live up to their expectations lol. better to just educate the good and bad investing in bitcoin. and ask or explain more about of his investment plan for long term or short term . and provide a clear explanation of bitcoin price movements and volatility in market price.

And yet, they have some options either to take the advice or just to forget it. In fact, a lot of people become scam victims due to some colorful and promising words used by the scammer and I think it was more reliable when it comes from a friend of yours than strangers. If I have been told and educate about Bitcoin before, maybe I invested in Bitcoin early but unfortunately, none of my friends know about this so it happens that I'll be the one to recommend and educate them.

Anyways, so really happens in real life, doubtful minds will remain doubtful no matter what you do, no matter how many proofs you showed to them, they keep ignoring.

[livingfree]

Get him to decide for himself.

Why should you feel the obligation to recommend an investment strategy to someone else entirely? If it doesn't pan out, they will blame you and your reputation is on the line.

Especially with the crypto market at such heights, I would be pretty uncomfortable in terms of selling recommendations to anyone. If you absolutely want to, either tell them to DCA or to wait until a correction below $40k occurs again before buying a lump sum.

They will certainly blame you if you're the one who's been encouraging them to invest.

But if it's your friend that asks for a help then you're not accountable for whatever is the outcome of his investment through bitcoin. But it is bitcoin and it's understandable that it's best for long term.

Still, there's a need to explain how high its volatile is.

yes, I would also probably do the same. I will explain what I know about bitcoin or cryptocurrency, then I will give the final decision to him. many people blame others when they get lost in the crypto world because of such an invitation. even though there is currently so much positive news regarding bitcoin or other cryptocurrencies, we can't stop FUD which usually comes suddenly and dumps prices again. however, give him as much explanation as possible, and give him references to charts and news. maybe you can explain to him about the popular coins in CMC or CG, it's very easy to understand. other than that, try to give him an idea about the potential of a coin, and you can give him a reference in graphic analysis that is usually found in online magazines such as Cointelegraph.
again, let him decide whether he should buy or wait. make sure to tell him DWYOR

It's for them to decide, I won't give them a sense of giving the final decision in front of me. I'll let them freely choose what they want.

As long as I've done my part telling them the ins and outs of investing in bitcoin, they should do their own research further and decide for themselves so that they won't me if things didn't go as expected.

[BobK71]

We know that bitcoin is volatile, it is not right to inspire someone to invest. Although most of us who are in crypto space can speculate a lot about its future, Definitely it will be in a much better position. as it is much more volatile, there may be temporary loss. If any one hold it long time then they will definitely  make good profit but it is foolish to ask someone to invest in this platform.

[Hypnosis00]

We know that bitcoin is volatile, it is not right to inspire someone to invest. Although most of us who are in crypto space can speculate a lot about its future, Definitely it will be in a much better position. as it is much more volatile, there may be temporary loss. If any one hold it long time then they will definitely  make good profit but it is foolish to ask someone to invest in this platform.

It was wrong with you but at least we help them know about Bitcoin that is the most important. If nobody else will thought this thing, how can they understand crypto? Telling them is not just to encourage them to invest but the purpose of this is to give them some insights and the use-case of this project.

I know many had known about Bitcoin, about cryptocurrency online but because no one is able to enlighten their minds that is why they keep themselves ignorant to this. They deserve to know about this and it's up to them if they want to buy.

[bitgov]

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 buying recommendations for cryptocurrencies, I am always extremely careful. In a situation like this where prices have been rising for a long time, this is very difficult. I try to avoid a direct answer and say that I am not selling yet because I believe the price will go up. In my opinion, this is the most diplomatic answer if you want to give one at all.

[ziyaaa]

You can recommend your friend to buy Bitcoin at anytime in my opinion. But I'm saying this considering your friend is thinking of making a long-term investment. Bitcoin makes people the real profit in the long run rather than a short time period. Even if your friend buys at $50k, he can double his investment for example as long as the price reaches $100k at the end of the year. Of course, there is no guarantee for it but the most expected movement from Bitcoin is this now.