I have a friend who bought bitcoin during this peak season. When the bitcoin price was 18-20k USD. Now he is sad and disappointed seeing that the current price has dropped to 50% and more and he is afraid he is going to lose all. In short he lost his hope and faith in bitcoin already. Has anyone here did the same as he did? If you did invest in that amount what did you do to your bitcoin, did you sell it or still holding it?
It was very obvious that those people who invest on that day are just joining the hype in the market and they are not well knowledgeable about how the system works and this is the main reason why they quit on trading because they obviously lose a huge amount of investment.
At that time it was expected that bitcoin price is very soon going to reach to 25000$ and my personal view is that they were very right at that time, now i think that they need to wait and do not lose heart, because very good bitcoin price is expected to reach that price and even it will cross the price in which they trade bitcoin and will even give them a good profit.
There are so many investors who have invested their money into bitcoin at time when its market value was over 15k $ because they were thinking of more increase in the market value of the bitcoin but then things happened other way round. However, still nothing much have changed and that they can still make some very good amount of money as well but for that they need to keep on holding their bitcoins.