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Can I recommend a friend to buy Bitcoin now?
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Topic: Can I recommend a friend to buy Bitcoin now? (Read 3980 times)
BobK71
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Re: Can I recommend a friend to buy Bitcoin now?
August 04, 2022, 05:22:06 PM
#341
Quote from: Sang Prabu on August 04, 2022, 01:39:14 PM
Of course it is worthy to invite friends or family to invest Bitcoin, especially the current price conditions are still red and we have good potential to buy, of course we must say that Bitcoin investment is very risky so that when the drop price occurs then they are ready and not blame us.
Bitcoin is now an opportunity. So close acquaintances should be informed about this. Otherwise they may blame you at any moment. No need to encourage them to invest. Presenting the advantages and potentiality of using Bitcoin, I think they will accept it without any hesitation.
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Re: Can I recommend a friend to buy Bitcoin now?
August 04, 2022, 06:33:06 PM
#342
Quote from: BobK71 on August 04, 2022, 05:22:06 PM
Quote from: Sang Prabu on August 04, 2022, 01:39:14 PM
Of course it is worthy to invite friends or family to invest Bitcoin, especially the current price conditions are still red and we have good potential to buy, of course we must say that Bitcoin investment is very risky so that when the drop price occurs then they are ready and not blame us.
Bitcoin is now an opportunity. So close acquaintances should be informed about this. Otherwise they may blame you at any moment. No need to encourage them to invest. Presenting the advantages and potentiality of using Bitcoin, I think they will accept it without any hesitation.
At current price levels, bitcoin may only be of little interest to beginners. Now, if btc grew in price, then this would immediately arouse in them a desire to learn more about it, but at such moments it is not the best entry point into the crypto world. You are absolutely right in stating that you can be called the culprit of an unsuccessful investment, so you need to be careful in solving this problem and immediately warn friends about the risks or other negative consequences when buying bitcoin. I also agree that you don't need to encourage them to invest and I think that friends should come to this decision on their own. Of course, you can't do without your help here and you can share with them the initial basic information about btc. All the same, the words of friends inspire some confidence. Well, then, let them draw knowledge from this forum and join the number of bitcoin investors, if they are ready for this.
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lienfaye
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Re: Can I recommend a friend to buy Bitcoin now?
August 05, 2022, 01:04:40 AM
#343
Quote from: Sang Prabu on August 04, 2022, 01:39:14 PM
Of course it is worthy to invite friends or family to invest Bitcoin, especially the current price conditions are still red and we have good potential to buy, of course we must say that Bitcoin investment is very risky so that when the drop price occurs then they are ready and not blame us.
The price is still cheap and a good time to engage ourselves. But its best to explain everything to them before encouraging to invest, as you've said there's a risk. You dont want to be the one to blame incase what they expect didnt happen right? So gain knowledge before investing to become aware of how it works. It is profitable indeed especially for users who plan to hold for long period but anything unexpected can happen and we should be prepared for it.
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Re: Can I recommend a friend to buy Bitcoin now?
August 05, 2022, 02:29:17 PM
#344
Of course this is the right time to tell or invite our friends or family. but what we must do first is teach the risks we face if one day it is not as expected.
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peterpanda
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Re: Can I recommend a friend to buy Bitcoin now?
August 05, 2022, 05:45:22 PM
#345
Quote from: Xcode7 on August 05, 2022, 02:29:17 PM
Of course this is the right time to tell or invite our friends or family. but what we must do first is teach the risks we face if one day it is not as expected.
I think it is the right time to buy bitcoin. In my opinion, bitcoin will star to grow in the early november. If we buy at this current stage, I hope we will be able to make good profit. You are right that before giving suggestions, we have to teach about the risks.
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Kopetunto
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Re: Can I recommend a friend to buy Bitcoin now?
August 05, 2022, 06:55:54 PM
#346
bitcoin price is currently at $23000, of course this price can be said to be cheap,
because compared to a few months ago the price of Bitcoin is still at $50000, yes, it has fallen by more than 50%,
but we have to remember, that a bear market like this is still not over. , my advice is to just buy 25% of your capital,
or suggest to your friends to buy it in installments.
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fzkto
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Re: Can I recommend a friend to buy Bitcoin now?
August 05, 2022, 08:08:44 PM
#347
Quote from: Xcode7 on August 05, 2022, 02:29:17 PM
Of course this is the right time to tell or invite our friends or family. but what we must do first is teach the risks we face if one day it is not as expected.
It turns out that the advice to buy bitcoin right now would be very strange, if at the same time it warns that it is very risky and you could lose your investment. Especially if you suggest it to the family, which implies spending some of the family's budget. Think about how you will be treated if things go wrong.
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Re: Can I recommend a friend to buy Bitcoin now?
August 05, 2022, 11:32:35 PM
#348
Quote from: BobK71 on August 04, 2022, 05:22:06 PM
Quote from: Sang Prabu on August 04, 2022, 01:39:14 PM
Of course it is worthy to invite friends or family to invest Bitcoin, especially the current price conditions are still red and we have good potential to buy, of course we must say that Bitcoin investment is very risky so that when the drop price occurs then they are ready and not blame us.
Bitcoin is now an opportunity. So close acquaintances should be informed about this. Otherwise they may blame you at any moment. No need to encourage them to invest. Presenting the advantages and potentiality of using Bitcoin, I think they will accept it without any hesitation.
+1
Once they realized how so beneficial bitcoin it is , they would ask for more . Encourage them indirectly , not just asking them to invest in bitcoin and feel the profit! They would of course come back to you and ask for a piece of responsibility whenever things went wrong .
Anytine is a great time to tell your colleagues to give it a try on bitcoin investment/trade or business , it's always a great time though.
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Re: Can I recommend a friend to buy Bitcoin now?
August 06, 2022, 08:38:22 AM
#349
Quote from: Robinson66 on July 26, 2021, 06:26:30 AM
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.
I think if You are still interesting to encourage your friend to invest ? then this is the perfect time mate because we have the lowering market now from that june 2021 thread .
Quote from: Robinson66 on July 26, 2021, 06:26:30 AM
Do you think that this kind of market should be forbidden to enter or continue to buy?
I suggest not to panic selling。
well this kind of market is what we need to check , this coming last quarter of 2022 is the awaiting season because I think there are so much happening that will come along the way.
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Re: Can I recommend a friend to buy Bitcoin now?
August 06, 2022, 10:35:21 AM
#350
Quote from: fzkto on August 05, 2022, 08:08:44 PM
Quote from: Xcode7 on August 05, 2022, 02:29:17 PM
Of course this is the right time to tell or invite our friends or family. but what we must do first is teach the risks we face if one day it is not as expected.
It turns out that the advice to buy bitcoin right now would be very strange, if at the same time it warns that it is very risky and you could lose your investment. Especially if you suggest it to the family, which implies spending some of the family's budget. Think about how you will be treated if things go wrong.
Yep! best not just to advise to dive in but to guide on how to understand the volatility and what are the risk that accompanied by this investment, I get your point since if you will recommend or advice bitcoin to someone who are close to you and the investment failed, the relationship might be affected.
It's always the right thing to educate someone first before letting them to enter any kind of investment. With knowledge, they will be able to work along in how the situation comes to them and adjust and decide on their own.
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Re: Can I recommend a friend to buy Bitcoin now?
August 06, 2022, 06:13:44 PM
#351
I suggest that before investing in cryptocurrency, you must really have knowledge,
don't just buy and hold, because it has been proven that many don't work because Hold,
because Hold is only good when Bitcoin is still very cheap, but now are you sure you want to do it? Long term hold?
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Re: Can I recommend a friend to buy Bitcoin now?
August 07, 2022, 05:35:27 PM
#352
Quote from: fzkto on August 05, 2022, 08:08:44 PM
Quote from: Xcode7 on August 05, 2022, 02:29:17 PM
Of course this is the right time to tell or invite our friends or family. but what we must do first is teach the risks we face if one day it is not as expected.
It turns out that the advice to buy bitcoin right now would be very strange, if at the same time it warns that it is very risky and you could lose your investment. Especially if you suggest it to the family, which implies spending some of the family's budget. Think about how you will be treated if things go wrong.
support at S20k seems strong, and now the price of Bitcoin is trading at $23k,
my advice is to wait until the weekend is over, because it could be Monday the Bitcoin price will go down,
I hope not, because according to the analysis Bitcoin will also go to $25k.
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Re: Can I recommend a friend to buy Bitcoin now?
August 07, 2022, 07:26:27 PM
#353
Quote from: CapGelatik on August 07, 2022, 05:35:27 PM
Quote from: fzkto on August 05, 2022, 08:08:44 PM
Quote from: Xcode7 on August 05, 2022, 02:29:17 PM
Of course this is the right time to tell or invite our friends or family. but what we must do first is teach the risks we face if one day it is not as expected.
It turns out that the advice to buy bitcoin right now would be very strange, if at the same time it warns that it is very risky and you could lose your investment. Especially if you suggest it to the family, which implies spending some of the family's budget. Think about how you will be treated if things go wrong.
support at S20k seems strong, and now the price of Bitcoin is trading at $23k,
my advice is to wait until the weekend is over, because it could be Monday the Bitcoin price will go down,
I hope not, because according to the analysis Bitcoin will also go to $25k.
Not a solid thing about weekdays drop kind of thing but this had been a usual behavior on which some do able to notice it out but wont be that a sure thing but its not bad to have
that kind of consideration when it comes to getting in and buying some coins but on this point it wasnt really a bad idea on to buy specially if you are going or holding for long
term then it wont really be that much of a hard thing for you to make up decisions yet we know that bitcoins potential is something worth and could really be that
giving some results in long term perspective.You can make out recommendations to your friend but you shouldnt give them some assurance about making sure profits
so that there would be no blaming in the end between you and your friend.
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Re: Can I recommend a friend to buy Bitcoin now?
August 08, 2022, 01:27:16 AM
#354
I have introduced Bitcoin to friends and family since 6 years ago, there are those who are interested and invest or mine and success, initially sell a house worth $ 60k to buy bitmain and roi when there is a fantastic increase in 2017, but there are those who fail because they buy and sell Cheap in early 2019, but the thing I hold is never invites too aggressive, and always say that Bitcoin is very risky.
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burky156
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Re: Can I recommend a friend to buy Bitcoin now?
August 11, 2022, 08:37:51 AM
#355
I think if one invests in the long term, then at any time one can buy bitcoin or any other cryptocurrency. Whether or not the decision to invest in bitcoin is wise or not, it really depends on the timing and investment strategy of each. So before starting to invest, it's better to first understand technical analysis and estimate when to enter and exit the market so that we don't panic buy or panic sell.
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Re: Can I recommend a friend to buy Bitcoin now?
August 11, 2022, 05:38:37 PM
#356
Quote from: burky156 on August 11, 2022, 08:37:51 AM
I think if one invests in the long term, then at any time one can buy bitcoin or any other cryptocurrency. Whether or not the decision to invest in bitcoin is wise or not, it really depends on the timing and investment strategy of each. So before starting to invest, it's better to first understand technical analysis and estimate when to enter and exit the market so that we don't panic buy or panic sell.
Crypto experts expect Bitcoin gradually return to its previous position. Yesterday Bitcoin price was around $23000 but now it is more than $24000. Bitcoin is still in a buy prices. But after few days later it may reach $28000 then many may regret. I think investing in Bitcoin will never be lose. But I will definitely advise my friends to invest in Long-term.
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Re: Can I recommend a friend to buy Bitcoin now?
August 14, 2022, 06:02:05 PM
#357
Quote from: burky156 on August 11, 2022, 08:37:51 AM
I think if one invests in the long term, then at any time one can buy bitcoin or any other cryptocurrency. Whether or not the decision to invest in bitcoin is wise or not, it really depends on the timing and investment strategy of each. So before starting to invest, it's better to first understand technical analysis and estimate when to enter and exit the market so that we don't panic buy or panic sell.
Definitely we should not force someone on investment but we can suggest about investment in right time. It is free to provide information about upcoming news about crypto. Bitcoin has bright future and we should tell about it to our nearest people.
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Re: Can I recommend a friend to buy Bitcoin now?
August 14, 2022, 07:23:26 PM
#358
Quote from: Rana590 on August 14, 2022, 06:02:05 PM
Quote from: burky156 on August 11, 2022, 08:37:51 AM
I think if one invests in the long term, then at any time one can buy bitcoin or any other cryptocurrency. Whether or not the decision to invest in bitcoin is wise or not, it really depends on the timing and investment strategy of each. So before starting to invest, it's better to first understand technical analysis and estimate when to enter and exit the market so that we don't panic buy or panic sell.
Definitely we should not force someone on investment but we can suggest about investment in right time. It is free to provide information about upcoming news about crypto. Bitcoin has bright future and we should tell about it to our nearest people.
if your friend wants to take the risk then let him buy it at a price of $ 23k, but indeed we must also suggest installing a stop lose,
because bitcoin is still in the sell zone, the bitcoin price could have broken support $ 20k, therefore stop losing is very important !
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Re: Can I recommend a friend to buy Bitcoin now?
August 15, 2022, 04:08:04 AM
#359
Quote from: Untomabur on August 14, 2022, 07:23:26 PM
Quote from: Rana590 on August 14, 2022, 06:02:05 PM
Quote from: burky156 on August 11, 2022, 08:37:51 AM
I think if one invests in the long term, then at any time one can buy bitcoin or any other cryptocurrency. Whether or not the decision to invest in bitcoin is wise or not, it really depends on the timing and investment strategy of each. So before starting to invest, it's better to first understand technical analysis and estimate when to enter and exit the market so that we don't panic buy or panic sell.
Definitely we should not force someone on investment but we can suggest about investment in right time. It is free to provide information about upcoming news about crypto. Bitcoin has bright future and we should tell about it to our nearest people.
if your friend wants to take the risk then let him buy it at a price of $ 23k, but indeed we must also suggest installing a stop lose,
because bitcoin is still in the sell zone, the bitcoin price could have broken support $ 20k, therefore stop losing is very important !
Not really, $23k is not a very high price, compared to the ATH of $69k. If you determine this is a long-term investment that can be measured in years then buy at this price, and stop loss with the long-term investment is not necessary.
Bitcoin will likely drop below $20k once again but it will rise again once the bulls get involved. Bitcoin should not be compared with shitcoins because shitcoins may never rise again but with bitcoin, it will always rise again.
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Re: Can I recommend a friend to buy Bitcoin now?
August 15, 2022, 06:20:08 AM
#360
If they have never heard of Bitcoin then I like to introduce to friends or family, of course I do not recommend immediately buying, I always suggest that investment bitcoin is very risky and must be ready if something bad happens, of course in this way then I'm not blamed if the market is red.
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