During the latter part of 2017,I advised a friend to invest inBTC.He adhered to it and bought some good amount..He then proceeded to buy more when it hit the range 18k-20k..He is now upset due to how market is reacting...Anybody here to give an expect advice?
He did not make any mistake when he bought at 18-20k rates because bitcoin always seems to be very good thing when we look at it. And it does have the best qualities to be a good investment opportunity. However he is in great emotional distress now and why wouldn't anyone be when they have gone badly in the negative line in their investment. The time has come when they should keep patience though it is going to be hardest part ever. If they don't keep patience and sell then it's nothing but zero investment all the way from 20k. You can give moral support to him that as you are already in loss then there is no use of selling the bitcoin at such low point. They better make a choice and stay stable about it.
We know nothing about the prices and its future. We can just expect that it will bounce back. :-)