From the look of things bitcoin price will not come up soon, I guess is better to hold on till when it will show strong signal before putting in money again to escape losses and people who their investment is long over due are already victims of the Price dropping. We should try to be careful this period that bitcoin has not direction. Imagine a friend investment $2000 but what is currently left in his wallet is $400, and the deep is still bearing down the nuds.
Hold on, but if you must buy now be wise to use spare income.
Most likely, your friend bought at the top, as inexperienced traders usually do.
The golden rule says:
buy cheap, sell expensive.
Most likely he bought for 60k. Now there is nothing left but to wait, because sooner or later bitcoin will return to these values. The situation with the price is not unambiguous now, and it is not worth hoping for growth. I'm leaning towards dropping to twenty thousand. The level of thirty thousand has not broken through for a long period, and a good drop is needed for a steady price increase.