Maybe it is not everyone like I said is able to take a risk to invest in cryptocurrency because they do not believe in it, since you have a good understanding of crypto you should always encourage him to invest at least some amount of money he can afford to lose and observe.
I can tell you that I do not insist much to people, I give advice and my points of view accompanied by evidence (if any), it is up to the individual if he/she accepts to take the risk or not. This is the moment when I give up, having done my part.
The bitcoin whales are the wealthiest people, those who move large amounts of this cryptocurrency.
Rich people are getting richer because they have enough money to trade and invest and that's why they are making huge return and that's the fact of life that we refuse to accept.
Well it all depends on individual maybe you have a reason for deciding not to give assistant to people , tell us the reason ,do you believe that if they lose they will use it against you ?
Thanks for your thanks @Ub40, although this happened on August 7, and we are already in December, which means things have changed somewhat.
I meant "insist", i.e., I already advised the person and should not be repeating the benefits that can be obtained with such investment. Everyone makes their own decisions after making a related evaluation.
Ok I understand , but what about you personally are you really interested to invest in cryptocurrency because as I understand there was a time you were not really interested in cryptocurrency and how to trade it, maybe you have change your mind now.
Not at all, I'm still interested in cryptocurrencies and learning everything I need to @Sotherefore, I've taken the time to do more research on it. Of course there are many currencies in which you can invest, you have to make the right decision at the right time.
Will you be able to do this on your own because most people that are interested to invest in cryptocurrency will not engaged themselves directly but the work with people that already know what cryptocurrency is all about, they will guide them on how to invest and how to trade profitably.
My brother always guides me, although the truth is, if it increases to my satisfaction the investment made I simply go in and change it to a stable currency or, failing that, change it to dollars.
It is accurate to your comment, as you describe it, since the changes that can occur in bitcoin prices are closely related to the operations made by these whales.
That's kinda true, because the more they are able to control the price of the crypto currency by rapidly buying or selling the more profit they could make anytime they feel like making some profit.
That is the advantage the whale investors have over some relatively small investors,because the fluidity of their investment can make the market to swing in their favour and with this they usually gain control of the market.
