It is an undisputed fact that those are affected much by this sudden drop in bitcoin price are those who bought it in December last year when bitcoin was skyrocketing. I understand the emotional trauma you are going through. Nobody will be happy watching his investment losing value like that. I want to encourage you that the downfall of a man is not the end. In June 2017, nobody ever thought of bitcoin hitting $20k by December 2017 and that is the beauty of bitcoin. It takes only minutes for bitcoin price to either rise or fall. Never dump your coin out of fear. Let's keep our fingers crossed and hope for the best. If you understand that Bitcoin is a long term investment, you wouldn't panic when the price falls within some short period of time. We will all laugh soon
Hi there Dacosta Osei-Tutu! I am add some bitcoins in my portfolio last December, but I have also manage to cash out some for gifts and even a pair of socks. I knew that there are lot of people that started their investment last December. Until now they can't see any potential return, but they feel devastated due to the sudden price drop. No one knows that the price will dramatically drop from that high. But if any one who have purchase in that particular month. What could I advise is that just hodl on it and wait for the time that the price will bump up again. It will be long enough but at least you did not suffer from extreme loss of investment.