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?
If you are investing your money you have to be really careful ,the price was rallying for a long time and it nearly touched $20k and why would anyone risk and enter at those evaluations rather than waiting to see how the market reacts after touching $20k because it was a major obstacle resistance point or a psychological value and by the kind of rally we had we need to take precaution . The only step you can do is to average the loss when the market goes down and wait for the long term,i would not suggest to invest further if you are on a budget,but if you are willing to risk then it is your call and that is the advice i can give to your friend.