Is been a hard knocked to everyone trading bitcoin this seasons especially investment, my friend was sore disappointed for the recent falling of price because he bought $1000 bitcoin but the truth is that we cannot foresees the future in today, this is not the first time the price is Reding down, we should take advantage of this time at least you can use a small to purchase high value bitcoin. I wish we've profound bitcoin price analyst here, many people really wants to know the cause of continues price deflected, if you've ideas please your comments will be very important here. We newbies this days fall victims a lot because of ignorance of cryptosystem. Let's talk as a family.
Price falls are nothing new. They are actually defining how the market works that’s why you have to take advantage of it before those opportunities slip away. And I can say your friend OP is not ready to take an edge over the price decline and if he’ll resort into panicking and lose his control, he’ll end up making wrong decisions that he might regret in the end. Maybe you can advise him to stay calm and patient, and let him know that price falls are important so that everyone can enter the market at its maximum accumulation.
The market goes up and down constantly this cycle is always going on but it is very difficult to predict which one is the real time to invest. and the investor who can predict that real time is considered a successful trader. Bitcoin price hit 68k and it went down again and went down again when it hit $50k but it was considered a dip but Bitcoin price didn't stop there it went below $16k. So when the price of Bitcoin was 68k who could have guessed that the price of Bitcoin will drop to 16k again? this is the problem that no one can easily predict price correctly.