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.
Despite the period there are some persons out there taking the risk and making huge returns as profit because they have a good strategy working well for them. No one should expect to have same results using different market strategy and analysis. Your friend losses his investment of $2000 down to $400 shows he didn't do his analysis of the market well before investing. At this point all he need do is to hold for long as bitcoin price would be experiencing a bull run soon, the recent upsurge in BTC price to $31k is an indication of how good the end of this year 2023 may turn out for BTC investors.