Can I recommend a friend to buy Bitcoin now?

[macson]

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 are a best friend if you manage to persuade your friends to buy bitcoin now....now the bitcoin price is around $49k and it has the potential to break through $100k.  if your friend buys bitcoin now ^{(at $49k)} then when the bitcoin price hits $100k, your friend has made a big profit.

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[Wakate]

There is no good or bad time to buy since no one knows what will happen next or whether the price of Bitcoin will continue going upward or retrace a little. Buy Bitcoin whenever you fill like buying but don't try to ignorantly wait for the market to go deeper before buying because the market might just continue it bullish trend with little retracement which will be painful if one failed to buy now due to trying to buy at the lowest deep. The market is not that predictable to the extent we might think but we should always take actions at the right time.

[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。

you are a best friend if you manage to persuade your friends to buy bitcoin now....now the bitcoin price is around $49k and it has the potential to break through $100k.  if your friend buys bitcoin now ^{(at $49k)} then when the bitcoin price hits $100k, your friend has made a big profit.

This is a very nice scenario, but unfortunately no one can be sure that it will come true.
Recommending someone to buy a cryptocurrency is a very big responsibility. If someone has to do this, he should very well inform his friend about how risky an investment is. Otherwise, if something bad happens, you may even lose a friend.

[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。

you are a best friend if you manage to persuade your friends to buy bitcoin now....now the bitcoin price is around $49k and it has the potential to break through $100k.  if your friend buys bitcoin now ^{(at $49k)} then when the bitcoin price hits $100k, your friend has made a big profit.

This is a very nice scenario, but unfortunately no one can be sure that it will come true.
Recommending someone to buy a cryptocurrency is a very big responsibility. If someone has to do this, he should very well inform his friend about how risky an investment is. Otherwise, if something bad happens, you may even lose a friend.

Recommendation is something that someone couldnt neither accept or not and as long you dont force someone to make out investment then you are safe from guilt if ever the price had come down after he had bought the coin and its not bad on being optimistic with bitcoin investment and at least you had shared up this opportunity even though its not an assurance or guarantees to make money but at at least you do spread out awareness
which would really be adding up on the adoption which is always been a positive thing if you do ask me.You can recommend if a friend of yours is really that interested but always mind them about the risk involved
and dont make out guarantees.

[StreakW]

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.

It is better to put education first before investing. There are many things that can be done in the crypto world, starting from investing, trading with spots/futures, staking, saving, lending. Analyze before buying, whether fundamental or technical. Make sure any coins you buy or sell are based on your inner decisions.

[Hamphser]

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.

It is better to put education first before investing. There are many things that can be done in the crypto world, starting from investing, trading with spots/futures, staking, saving, lending. Analyze before buying, whether fundamental or technical. Make sure any coins you buy or sell are based on your inner decisions.

A must thing but not all does have that kind of mindset or patience because whenever they do saw opportunities or some people who had made out some money then thats the time they do really consider out
on putting investment without various research that had been done initially.

You can always refer bitcoin for investment but of course you should need to tell the risk behind it and not only focusing into its pro's so that someone would able to be aware on the probabilities of losing
money and this market is something should be considered no easy money.

[Pulsar77]

You can recommend your friend any time to buy Bitcoin actually unless he is a panic seller.    If your friend likes long term investments more than short term ones, Bitcoin is the number one choice I believe. Your friend can still buy at this level also considering he already bought BTC after some time you posted this. We are still not in a bull market but the price continues to increase. I can't even imagine what would happen when a bull run starts.

[Fredomago]

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.

It is better to put education first before investing. There are many things that can be done in the crypto world, starting from investing, trading with spots/futures, staking, saving, lending. Analyze before buying, whether fundamental or technical. Make sure any coins you buy or sell are based on your inner decisions.

With better knowledge, it's much easier to convince people to invest in the market that you are aware of. Recommending something will fall back to you if they misunderstood how things work inside the market you are bringing them.

Unlike when they already aware and they will take the risk, there's no problem if whatever happened after they first purchased their Bitcoin, it's on them if how they will play the market according to their knowledge.

Always best to recommend full understanding and all those grounds that accompanied by the investment that they'll going to embrace.

[Questat]

You can recommend your friend any time to buy Bitcoin actually unless he is a panic seller.    If your friend likes long term investments more than short term ones, Bitcoin is the number one choice I believe. Your friend can still buy at this level also considering he already bought BTC after some time you posted this. We are still not in a bull market but the price continues to increase. I can't even imagine what would happen when a bull run starts.

It is important also to know the capabilities of the person you wanted to tell and to clearly understand that really it happens once you have been doing this. Because so many cases that blaming has been happening when they suffer losses due to their own fault. That is why we need for them to understand the situation and the risk in investing crypto so they can solely decide it with their well, not ours so this helps to avoid blaming each other.

[poldanmig]

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。

So far, if any of my friends ask me for a recommendation to buy crypto, I always tell him to first study the condition of the crypto price, both from the lowest price and the highest price, so that at least he can draw his own conclusions about what decisions he should make, and of course if something bad happens of course he can't blame us, I personally will probably only buy bitcoins right now with half the money I have, and the other half I will use to buy altcoins and keep them for a long time.

[btc78]

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。

your friend should have waited for another month as the price drops down to below 30,000$ this is the best chance to accumulate as the value is very low and discounted,
but of course advising someone to Buy a risky investment is really mind blowing but if you are confident enough and being here for long  then you already knew how profitable crypto if we can keep holding for long time.
at least 3-5 years the most for each bitcoin investing .

[Rana590]

Though it is risky decision to suggest a person about buying crypto currency. There is no guarantee that price will be rising but for Bitcoin, it's a great investment for any time. Just it needs to hold strongly if the price goes down. Besides, it depends on how close your friend is. I think you can suggest when price of Bitcoin drops again.

[Tumanggor]

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。

new crypto players will definitely be very scared and think that the current bitcoin price is very high but actually it's not because the price of bitcoin has the potential to continue to rise up to $100k++

you are a wise friend if you recommend your friends to buy bitcoin right now
believe me bitcoin at this price is an opportunity that shouldn't be wasted right

[TopTort777]

In fact, you can recommend your friend to do anything with his money. Either invest in Bitcoin or take a look on altcoins. You just need to show to sides of the coins (give some example how and when people gained and lost) and not insist and hurry with making decision. Giving some statistics would be preferable. But most important - tell your friend not to immediately sell if the price of Bitcoin goes down. Only those who wait and hold get all the cream, others are happy with crumbs.

[SacriFries11]

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 suggest tell your friend first the risk of crypto so he can be aware to what can possibly happen, good or bad, excellent or worst. In that case, your friend will be the one to decide on his/her own when to buy, to hold, and to sell. I wonder what you told your friend because I have checked the bitcoin price on the date you posted this topic vs bitcoin price now and I found out that price is lot more better. One important thing bitcoin gave me is that, the best time is always when you have chance so make the most out of it.

[tokeweed]

Here’s a little piece of advice for everybody:  Real friends don’t let friends gamble in crypto.

Never in a million years would I recommend a friend to put money in these ponzis, BTC included.  I’d tell them I have some of this coin or that coin but that’s it.  I’d start helping them to avoid scams if they managed to upload some money to an exchange.  Like Shib...  I’d share that I traded it but would I tell a friend that it’s a good coin to buy?  Hell no!

[Kittygalore]

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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.

Exactly my point, you can't be the person that going to give the advice, tell them about the things that they need to do but do not force them to get in and you don't have to tell them what to do next. That's what makes newbies quit or panic, they thought that it's easy money because the people that told them said so.

[skarais]

Exactly my point, you can't be the person that going to give the advice, tell them about the things that they need to do but do not force them to get in and you don't have to tell them what to do next. That's what makes newbies quit or panic, they thought that it's easy money because the people that told them said so.

There is always a risk that beginners and anyone will face if they want to invest in bitcoin without sufficient knowledge. If you want to recommend a friend, then it's also your responsibility to give him some basic knowledge so he understand the risks involved. I'm sure you wouldn't want to take responsibility for your friend's inability to profit and that should have been explained from the start.

[Kittygalore]

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There is always a risk that beginners and anyone will face if they want to invest in bitcoin without sufficient knowledge. If you want to recommend a friend, then it's also your responsibility to give him some basic knowledge so he understand the risks involved. I'm sure you wouldn't want to take responsibility for your friend's inability to profit and that should have been explained from the start.

That's my point in my first reply, they need to teach them and tell them right then and there that there's going to be risks involved investing in crypto that's far more dangerous than any other investment instruments but the problem is that people shouldn't force other people to get in the market and deceive them of riches and such.

[ReiMomo]

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There is always a risk that beginners and anyone will face if they want to invest in bitcoin without sufficient knowledge. If you want to recommend a friend, then it's also your responsibility to give him some basic knowledge so he understand the risks involved. I'm sure you wouldn't want to take responsibility for your friend's inability to profit and that should have been explained from the start.

That's my point in my first reply, they need to teach them and tell them right then and there that there's going to be risks involved investing in crypto that's far more dangerous than any other investment instruments but the problem is that people shouldn't force other people to get in the market and deceive them of riches and such.

I agree. Many beginners just invest seeing their friends just earn profits and invest on the same coin and tend to fall into panic sells which in turn leads to loose huge money. So, yes it's our responsibility to alert them of risks involved in it. This would certainly make many think twice before investing. As money is involved its necessary to analyze before investing. This would eradicate many from loosing money.