Things looked somewhat promising yesterday as it was holding steady in the mid-high 16k range, even breaching 17k. Now it's in the low 15k. What's going on? Are we still hodling? Newbie asking for a friend here.
If you are worried about such a small change in the price then I do not know if bitcoin is for you, tell your friend to check his strategy and think what he wants to accomplish with bitcoin, does he wants to earn money in the short term or does he wants to earn money for the long term.
before he decides to sell or to hold, it is better to analyze the chart because sometimes the price makes a correction before it increases again. and I agree with you say about to check the strategy he has and analyze what kind of investment that he wants. this will help us to not to be panic when the price is down like today and he can wait until the price increase again.