Can I recommend a friend to buy Bitcoin now?

[jamkesmas]

-snip-

You must remind that everyone can predict the next phase in crypto market, but no one can guarantee it. So, you don't be confused with their prediction. Just focus on your own target, if it seems enough, just takes the profits. Even in theory crypto still has a chance to increase significantly again, but it may not happen as expected. Too risky if you rely on the next pump to take profits, I suggest you not be influenced by sweet predictions.

I think what you are saying is very relevant to what is happening today. everyone can easily predict it. but it is very difficult for people to think or control their passions. People are so easily swayed by sweet predictions that they don't do it unless they lose their money. Hopefully not tempted by big profits, take a little profit but sure.

[ReiMomo]

Yes, Kindly do so if they are really interested and is ready to face the market's fluctuations. Lets not encourage them to borrow and invest in. Support them to choose the right coins, minimum 5 best cheap coins. Let him learn the trade Technics and yes practically learn trading. Many wish to invest seeing their friends gaining profits from a particular coin. Inform them how and when the market reacts. Let them start with few hundred dollars. When they are much confident by themselves, let them move forward. 

[Rufsilf]

-snip-

You must remind that everyone can predict the next phase in crypto market, but no one can guarantee it. So, you don't be confused with their prediction. Just focus on your own target, if it seems enough, just takes the profits. Even in theory crypto still has a chance to increase significantly again, but it may not happen as expected. Too risky if you rely on the next pump to take profits, I suggest you not be influenced by sweet predictions.

I think what you are saying is very relevant to what is happening today. everyone can easily predict it. but it is very difficult for people to think or control their passions. People are so easily swayed by sweet predictions that they don't do it unless they lose their money. Hopefully not tempted by big profits, take a little profit but sure.

That's exactly why you have to trust your own instincts because your plan and their plan is different on how you envisioned your target. I mean, it's okay to have a 2nd opinion on other's perspective but that doesn't mean that you have to rely on theirs and not yours So, if you if you feel that it's time to harvest some gains now then do it now because we don't really what would really happen soon. It's very easy to speculate but it's not guaranteed to happen exactly what we've envisioned along the road, so it's might as well and much better to have some plan B as we don't know the market's next move. Just trust your decisions because that's exactly the reason why you planned in the first place.

[Rasa nanas]

Currently the market conditions are likely to move downwards and most likely in the near future there will be a bear market. in other words recommending our friends to buy at this time is not the right decision because you can feel very guilty when your friend suffers a loss due to a bear market. there is no guarantee that market conditions will recover quickly as in mid-2021 because there are times when the bear market lasts quite a long time like 2018.

[Falconer]

Currently the market conditions are likely to move downwards and most likely in the near future there will be a bear market. in other words recommending our friends to buy at this time is not the right decision because you can feel very guilty when your friend suffers a loss due to a bear market. there is no guarantee that market conditions will recover quickly as in mid-2021 because there are times when the bear market lasts quite a long time like 2018.

It's okay to recommend investing if you know what the purpose of investing is. If your friend wants to invest long term in bitcoin then you should not be afraid to recommend him to start now even if the market is trending down.

I assume bitcoin could grow to be more valuable than it is now in the future or at least in the next 4 years where we have seen evidence that bitcoin can hit ATH after halving. Although there are no guarantees, this has happened many times in its history, so tell him that bitcoin has good potential as a long-term investment and tell him about the risks of this investment.

[carlisle1]

It's okay to recommend investing if you know what the purpose of investing is. If your friend wants to invest long term in bitcoin then you should not be afraid to recommend him to start now even if the market is trending down.

Yes, if the person knows what to do with his investment, this bearish market is the best timing for him to buy and hold, better to educate what are

the possibilities before you recommend this investment.

I assume bitcoin could grow to be more valuable than it is now in the future or at least in the next 4 years where we have seen evidence that bitcoin can hit ATH after halving. Although there are no guarantees, this has happened many times in its history, so tell him that bitcoin has good potential as a long-term investment and tell him about the risks of this investment.

We can't foretold the future, but with how things went up to now. I also believe that the market will bounce and rise for more in the future.

It's more on people who are inside this market to project their target value.

[Rimueng]

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。

Currently, the bitcoin price is still correcting since a few weeks ago, where the bitcoin price is still at the $46k price level. So, if your friends want to come in and buy bitcoins, I think can start buying gradually. Therefore, my advice, don't to go all-in in the current price area, because there is still a possibility that bitcoin will drop past the current $46k price area to $43k.

[pauloaragaomelo]

Currently, the bitcoin price is still correcting since a few weeks ago, where the bitcoin price is still at the $46k price level. So, if your friends want to come in and buy bitcoins, I think can start buying gradually. Therefore, my advice, don't to go all-in in the current price area, because there is still a possibility that bitcoin will drop past the current $46k price area to $43k.

Although the market is unpredictable but in the first quarter of the year it is very likely the market will fall below $40k so it is better to wait for the market to stabilize for gradual buying, but if trading for scalping mode it will be very useful to make profit when the green candle moves after the market correction.

[dunfida]

Currently, the bitcoin price is still correcting since a few weeks ago, where the bitcoin price is still at the $46k price level. So, if your friends want to come in and buy bitcoins, I think can start buying gradually. Therefore, my advice, don't to go all-in in the current price area, because there is still a possibility that bitcoin will drop past the current $46k price area to $43k.

Although the market is unpredictable but in the first quarter of the year it is very likely the market will fall below $40k so it is better to wait for the market to stabilize for gradual buying, but if trading for scalping mode it will be very useful to make profit when the green candle moves after the market correction.

Decreases like this is very common yet there would be always a correction after some certain pump and this is should how people be looking on this scenario on which there would be only two possible ways which is to

go down and go up which means as a trader or investor then you would really be seeing these times as an opportunity to get in if you do really maximize possible profits but knowing about bottom is something

and impossible thing for someone to do so thats why we do keep on speculating and risking out as always due to unpredictable behaviour of the market then this isnt something easy.

[Rimueng]

Currently, the bitcoin price is still correcting since a few weeks ago, where the bitcoin price is still at the $46k price level. So, if your friends want to come in and buy bitcoins, I think can start buying gradually. Therefore, my advice, don't to go all-in in the current price area, because there is still a possibility that bitcoin will drop past the current $46k price area to $43k.

Although the market is unpredictable but in the first quarter of the year it is very likely the market will fall below $40k so it is better to wait for the market to stabilize for gradual buying, but if trading for scalping mode it will be very useful to make profit when the green candle moves after the market correction.

Right. I agree with trading methods like yours. If the bitcoin price breaks below $40k later, then we can wait to buy in the support area. On the other hand, if the price breaks above it can be partially sold to make a profit.

[peter0425]

Currently, the bitcoin price is still correcting since a few weeks ago, where the bitcoin price is still at the $46k price level. So, if your friends want to come in and buy bitcoins, I think can start buying gradually. Therefore, my advice, don't to go all-in in the current price area, because there is still a possibility that bitcoin will drop past the current $46k price area to $43k.

Although the market is unpredictable but in the first quarter of the year it is very likely the market will fall below $40k so it is better to wait for the market to stabilize for gradual buying, but if trading for scalping mode it will be very useful to make profit when the green candle moves after the market correction.

No don't do that to invest in crypto when the market is stable? that is not worth a try and to profit because we are buying to gain and the  perfect timing is when we are buying at the situation when market is falling or in dump because this will followed by increasing though may take some time at least the chance to profit is there compared to when you are waiting for the stable market because that would be in the middle of dump and pump.
if you know the market then you understand when to buy and when to sell .

[poldanmig]

Currently, the bitcoin price is still correcting since a few weeks ago, where the bitcoin price is still at the $46k price level. So, if your friends want to come in and buy bitcoins, I think can start buying gradually. Therefore, my advice, don't to go all-in in the current price area, because there is still a possibility that bitcoin will drop past the current $46k price area to $43k.

Although the market is unpredictable but in the first quarter of the year it is very likely the market will fall below $40k so it is better to wait for the market to stabilize for gradual buying, but if trading for scalping mode it will be very useful to make profit when the green candle moves after the market correction.

Right. I agree with trading methods like yours. If the bitcoin price breaks below $40k later, then we can wait to buy in the support area. On the other hand, if the price breaks above it can be partially sold to make a profit.

Trading technique by making gradual purchases (averaging Down) is one way to buy when the market is experiencing a correction and there is a continuous decline without us knowing where the lowest point of the price decline will stop, this strategy is indeed quite capable of getting a small percentage profit, because we will have different purchase price variations, but in my opinion, for traders who have small capital like me, of course it will be very difficult to capture prices when there is a decline due to limited capital, I personally would probably wait for the market price to reach its lowest point before entering to buy in the market.

[milewilda]

Currently, the bitcoin price is still correcting since a few weeks ago, where the bitcoin price is still at the $46k price level. So, if your friends want to come in and buy bitcoins, I think can start buying gradually. Therefore, my advice, don't to go all-in in the current price area, because there is still a possibility that bitcoin will drop past the current $46k price area to $43k.

Although the market is unpredictable but in the first quarter of the year it is very likely the market will fall below $40k so it is better to wait for the market to stabilize for gradual buying, but if trading for scalping mode it will be very useful to make profit when the green candle moves after the market correction.

Right. I agree with trading methods like yours. If the bitcoin price breaks below $40k later, then we can wait to buy in the support area. On the other hand, if the price breaks above it can be partially sold to make a profit.

Trading technique by making gradual purchases (averaging Down) is one way to buy when the market is experiencing a correction and there is a continuous decline without us knowing where the lowest point of the price decline will stop, this strategy is indeed quite capable of getting a small percentage profit, because we will have different purchase price variations, but in my opinion, for traders who have small capital like me, of course it will be very difficult to capture prices when there is a decline due to limited capital, I personally would probably wait for the market price to reach its lowest point before entering to buy in the market.

Applicable into those people who do have money or funds to invest on but we know that not all would really be that capable of doing on because funds would really be just limited most of the time
which simply means that DCA couldnt really be applied most of the time unless if you do able to do so then it would really be ideal but of course it will really vary on which coin you would investing on.
Always mind off about the risks because you wouldnt know on what comes next and speaking of recommendation then of course you  could able to do so
but never ever do make out some guarantees that your friend could make out some profits.

[Falconer]

Trading technique by making gradual purchases (averaging Down) is one way to buy when the market is experiencing a correction and there is a continuous decline without us knowing where the lowest point of the price decline will stop, this strategy is indeed quite capable of getting a small percentage profit, because we will have different purchase price variations, but in my opinion, for traders who have small capital like me, of course it will be very difficult to capture prices when there is a decline due to limited capital, I personally would probably wait for the market price to reach its lowest point before entering to buy in the market.

There are many other trading strategies you can learn and use to maximize your profit potential. I don't think you have to stay focused on the lows to buy because in reality you can't tell when the lows will occur.

The strategy you are using may have a downside where you have to buy at a lower position to cover your previous losses due to the price drop while you expect a recovery when the price starts to rise. It's much better to invest than to like trading because you can still apply an accumulation strategy whenever you have capital. It doesn't take much, but 20% of your monthly income probably won't make much difference. Of course this is not financial advice, just do what you want and don't exceed your ability to lose.

[Frengki_cisco]

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?

I see the current market conditions are not stable and not suitable for investing, my mind says crypto market conditions like this the best thing to do is trade in the buy or sell method according to market conditions and developments, short-term method for now is very good, provided you have to have enough capital to do it all with Bitcoin.

[Bloodseekers]

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。

We can't guess what market conditions will be like in the future, the volatile nature of bitcoin of course can cause all possible conditions that occur, so it's better for us to wait for the right time to enter the market, I personally will not try to enter to buy bitcoin when the price is rising suddenly, because it's better for me to wait for bitcoin to experience a correction and enter if I really believe that the price has really fallen to the limit of decline.

I think we should know first whether our friends invest in Btc in the long term or short term. with the current price for a long term investment I think I can buy it, but for the short term we have to be really careful before buying it and we have to do some chart analysis a few days before deciding to buy it. Short-term investment is full of risk, because the wrong price can immediately cause big losses, because prices are unstable and very volatile, in contrast to the long-term, the risk is very minimal and I believe the long-term is more profitable.
Maybe this is what we can suggest to our friends.

Yes I agree with you, the price is indeed unpredictable but in my opinion bitcoin is currently in an Uptrend, Yesterday the lowest price has reached 32k and I think this is the lowest price for this year. I think btc will continue to improve even if it doesn't reach Ath like 2021

[ibuddy122505]

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?

I see the current market conditions are not stable and not suitable for investing, my mind says crypto market conditions like this the best thing to do is trade in the buy or sell method according to market conditions and developments, short-term method for now is very good, provided you have to have enough capital to do it all with Bitcoin.

Serious crypto individuals are on twitter, and they call it crypto winter. The current economic situations are not stable so buying doesn't guarantee it should go up. There's buying everyday, doesn't mean it goes up. Even Microstrategy acquires additional 660 bitcoin which not assist me to make any buy order. Michael Saylor reports Microstrategy purchased bitcoin, generally it tanks just later so beware if you plan to buy.

[MyIdeas]

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?

I see the current market conditions are not stable and not suitable for investing, my mind says crypto market conditions like this the best thing to do is trade in the buy or sell method according to market conditions and developments, short-term method for now is very good, provided you have to have enough capital to do it all with Bitcoin.

Serious crypto individuals are on twitter, and they call it crypto winter. The current economic situations are not stable so buying doesn't guarantee it should go up. There's buying everyday, doesn't mean it goes up. Even Microstrategy acquires additional 660 bitcoin which not assist me to make any buy order. Michael Saylor reports Microstrategy purchased bitcoin, generally it tanks just later so beware if you plan to buy.

They say it is winter but they also say that the winter will go with time just like the previous winters. They are giving cautions to only those who are doing short time investment and day trading but if our friends are thinking to invest for longer time then we have to tell them that it is a good time. Just like a few days ago one of my friend told me that he want to invest for about 5 or maybe 10 years then I told him that then he have to invest without any worry.

[dataispower]

Some people is willing to sell coins because of the informations they heard and other investment people or investors is ready to buy because of the information obtain also, this time is not a good time to buy Bitcoin because the price is fluctuating and no body knows if the price will definitely go below the normal price since two weeks now, from forum now, a user make and analyse the speculated price of bitcoin which i don't know if bitcoin will fall to the tunes of the prediction. Click to see the prediction { https://bitcointalk.org/index.php?topic=5383940.msg59133230#msg59133230} from the analysis is not right to buy Bitcoin now

[Reatim]

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。

Look at the market now more than 6 months after your post here? is it really recommendable to invest in bitcoin as the volatility is really there?

if you find the answer YES then of course it is, because it is depend on our preferences and our capacity to encourage them and also their capacity to listen and understand what you are telling them.

Make sure not to promise them heaven and moon and be truthful of the risk they may get investing in crypto.