Now its being stable around $5k. The drop has really shaken me as i was about to invest believing it will have growth in coming days. Later yes the steady go assured me of investing $500 today into Bitcoin. Will keep it until i see a good hike in price.
This mentality of investing
after being reassured by seeing movement on bitcoin's price is limiting you, and if you're not careful, is probably going to lose you hundreds of dollars over your experience with bitcoin. Do you have an entry point where you
know you'll buy more coins if bitcoin falls below X, and vice versa with an exit point? Or does your trading depend a little more on emotion (which is nothing bad to admit) and prospect with bitcoin's price rise and anxiety as it falls?
Judging on your spontaneous investment of $500, I'd say you're at risk of significant loss if you don't take a step back and reevaluate your trading habits. Please stay safe out there and stay profitable.