So far so good with Bitcoin adoption on my side but I have question

[Rockstarguy]

I wish there is a way that I can show families on here how successful I have bring numbers of people into Bitcoin between 2021 - 2023, it's been so great and I am very happy about it, I have fresh newbies at hand right now,  two of them are from the same university 🎓, I have spent 6 weeks with them teaching and answering questions about Bitcoin and wallets, now they decide to purchase their first set of Bitcoin.

Here is where I am confused, the present value of Bitcoin is growing, some said it's because of the Chinese New year Holiday aka Year of the Rabbit, since I got mine at 17,000 and 15,000 I feel it's wrong to tell these newbies to buy at 23,000$

Have I done the right thing by telling them to wait for some correction before buying or you famz have a better idea? Because right now I don't see anything thing better than to wait, double bottom is always possible with Bitcoin in bear markets.

Your responsibility is to teach them to understand everything they want to recognize about bitcoin but when it comes to investing I don't assume it is Ideal for you to make suggestion on what to do. You need to make them understand the market, it volatility and the risk involve in bitcoin. It is necessary you should not get contain in their monetary selection due to the fact if you tell them now not to invest due to the current price of the market and the market later turns out for good you will blame for not permitting them to make investments earlier and if you inform them to make investments and the market does now not profit them you will nonetheless be blame, it is properly you let them take decision and take the risk.

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[so98nn]

I think you should start giving them demo with their own money. Like show them the whole process of buying and selling bitcoin. Just do it in between your and their wallets. Let them see how it works on peer to peer network and how cheap it is. Make them realise how it did not even ask for bit of information from you to process the transaction thus proving them the anonymous nature of bitcoin.

In the today’s world it works better by practical approach rather than long lectures and theoretical approaches. I think crypto space can be understood in better way by using it. So make them try it and see how they react. If they are fine then they will go with it and if not then you tried your best.

[doomloop]

There's no such thing as late or too early especially if you just cannot endure the market behavior. Invest on your likeness and capabilities. Even if you were able to buy at $15k lowest since ATH, if you cannot endure changes with the market price and lack of consistency, then for sure you'd be forced to sell or liquidate simply because it is you capability and circumstances as an investor which are your biggest problem. Give them reminders that the price won't continuously increase in a consistent manner because that would save them regrets especially if they were just carried by the hype of industry. Also, you just cannot take every profit from this industry so if you are waiting for the lowest, and given how unpredictable this market is, it will just be a waste of time.

I think there is mate. What about those who joined in Bitcoin on 2010? Isn't it early? And then there are those who joined lately or this year. These people are late however not all those who get in early are killing it but some of them are only a loser and then there are those who came late but are mostly reaping the benefits. Other than that, cryptos are volatile so all has an equal chance to buy and sell.

Speaking of volatility this is why the price can't increase consistently but it doesn't mean that we should follow it. We ourselves should stay to be consistent if we want to be successful in this game. There's no way we can always be in profit but there will be times that we will lose. It's normal though and this might be the way for others to earn.

[stomachgrowls]

I wish there is a way that I can show families on here how successful I have bring numbers of people into Bitcoin between 2021 - 2023, it's been so great and I am very happy about it, I have fresh newbies at hand right now,  two of them are from the same university 🎓, I have spent 6 weeks with them teaching and answering questions about Bitcoin and wallets, now they decide to purchase their first set of Bitcoin.

Here is where I am confused, the present value of Bitcoin is growing, some said it's because of the Chinese New year Holiday aka Year of the Rabbit, since I got mine at 17,000 and 15,000 I feel it's wrong to tell these newbies to buy at 23,000$

Have I done the right thing by telling them to wait for some correction before buying or you famz have a better idea? Because right now I don't see anything thing better than to wait, double bottom is always possible with Bitcoin in bear markets.

Just tell them about the basics and its up to them whether they would be buying on 23k price point or not,considering that we arent that the same when it comes to perspective whether we do buy for long term hold or

we do buy on short term ones.You do tell your friends about that option and its up to them on making up the decision.The right thing on here is that you shouldn't really make out some assurance that they could make money or earning money is too easy into this market because this is where people do usually believe into their minds.

On the time that they do experience out some losses or negative into their investment, then they would really be blaming out into that person who had introduced it to them which is YOU.

[Sanitough]

Do not give financial advise to other people, because they will put the blame on you, when they lose money.
It's great that you are spreading the word about Bitcoin. Good Job, OP. If I was on your place, I would just explain the basic principles and the core concept of Bitcoin and blockchain technology. I wouldn't tell the noobs when to buy and when to sell. Nobody can predict the market, even the best crypto traders are failing sometimes. Knowing Bitcoin is one thing, learning and practicing crypto trading is a different thing.
By the way, I don't think that the main reason for the small price growth from 16K to 23K is the Chinese New Year. Wasn't Bitcoin banned in China?

If you don’t want to be blame later on, then never advise them to buy at a certain price, let them decide on their own when they want to buy. At least, you’ve done on your part explaining to them the core basics of bitcoin, it’s high volatility, so whatever their actions, then they should be responsible for it. Yes, the market is unpredictable, that’s why it’s best to just educate them all about bitcoin, but never end up giving them financial advise.

[Russlenat]

I wish there is a way that I can show families on here how successful I have bring numbers of people into Bitcoin between 2021 - 2023, it's been so great and I am very happy about it, I have fresh newbies at hand right now,  two of them are from the same university 🎓, I have spent 6 weeks with them teaching and answering questions about Bitcoin and wallets, now they decide to purchase their first set of Bitcoin.

Here is where I am confused, the present value of Bitcoin is growing, some said it's because of the Chinese New year Holiday aka Year of the Rabbit, since I got mine at 17,000 and 15,000 I feel it's wrong to tell these newbies to buy at 23,000$

Have I done the right thing by telling them to wait for some correction before buying or you famz have a better idea? Because right now I don't see anything thing better than to wait, double bottom is always possible with Bitcoin in bear markets.

Yes, there’s no wrong telling them to wait for some correction before buying, but never meddle on what price they should start buying. As long as they are aware enough to buy at a low price and sell when the price is high, then let them decide on their own when to best buy. After all, you don’t hold guarantees if the market will pump or drop its price right after they bought. Just when they thought about the market volatility, I assumed they should have prepared for it before buying.

[Finestream]

I agree with others that giving financial advice is undesirable, as people must learn to make their own choices and do their own research, as well as realize that whether they win or lose  it's solely their own responsibility. If you got yours at $15-17k, you could just honestly tell them that. But nobody knows whether Bitcoin will fall again, and IMO the price is still good as long as a person believes in full recovery of the process and is willing to wait for it.

Everyone is free to give their own idea about bitcoin as long as it’s based from facts, but giving financial advise should be out in the line regardless if you have been trading successfully in the market for long. No one holds what will be the future price of bitcoin, so it’s better to never give financial advise at all. However, one thing I am sure about bitcoin, even if you start buying it a high price, as long as you take it as a long term investment, that will still make you a profitable investor in the end.

[Kasabus]

I wish there is a way that I can show families on here how successful I have bring numbers of people into Bitcoin between 2021 - 2023, it's been so great and I am very happy about it, I have fresh newbies at hand right now,  two of them are from the same university 🎓, I have spent 6 weeks with them teaching and answering questions about Bitcoin and wallets, now they decide to purchase their first set of Bitcoin.

Here is where I am confused, the present value of Bitcoin is growing, some said it's because of the Chinese New year Holiday aka Year of the Rabbit, since I got mine at 17,000 and 15,000 I feel it's wrong to tell these newbies to buy at 23,000$

Have I done the right thing by telling them to wait for some correction before buying or you famz have a better idea? Because right now I don't see anything thing better than to wait, double bottom is always possible with Bitcoin in bear markets.

Tell them to buy when the market is purely in bearish because the price is certainly low. But do not resort in setting the price for them to buy because that is already indulging yourself into their own decision. If you don’t want to be blame for their future losses, then stay out of it. But I believe as long as they always chose bitcoin for investment, they will always be gaining good returns from it as long as they are aware about the basics in buying and selling bitcoin.