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?
Everyone will give you the same advice - To Hodl! When this friend of yours invested he should have been acquainted with the possible risk that is connected with the investment. The long-term profit that he is probably expecting is actually that.
This profit cannot be gained within a few months with the investment into the Bitcoin. I also hope for the growth but that won't is realized so soon.
Patience is what your friend must have if he doesn't want to get out with a loss. Reinvesting his Bitcoin in another altcoin would be the big mistake so if he is thinking about it talk to him and prove to him the opposite.