My father is anxious pertaining to the fall and rise in bitcoin price. He has four(4) btc and he is afraid to hodl. He wants to sell at a lower rate. Any advice for him?
Advice : Don't sell.
If you see below the entry point of your fathers first purchase then surely its big loss. Depending upon when he bought the BTC and what was the prices at the time of purchase he may be at the prime loss. I guess he should not be selling unless and until he at least reaches the point of break even. This is the point where your father wont be getting any losses and he will be able to sell before he could get any loss or profits and thus may get what he invested back.
But you should be supporting your father and telling him not to sell because most of the market is down naturally and we can not do anything about it yet. Its better to hold onto to it for the good trade.
