He said he if he knew it was going to be that way he would had had used the money to buy anything at the rate of $1 for the $1,000 just to make sure he gives achievable account of the coin.
In this industry, everyone has got their "Had I known" moment. If you haven't got yours, don't worry you will soon get it (them). It's the baptism you need to gain that experience a lot of us talk about. Some can be very expensive a price to pay while others will be less. In all, we pay for attention and experience.
He has decided not to invest on AltCoins again but just of recent he said he wished he had invested in the AltCoins this time due to the attractions of AltCoins as the results of the current bitcoin bull runs.
This is a case of stand for something lest you fall for anything. Your friend should go and learn Technical Analysis (TA) and quit trading on guts feeling. It will continue to burn him until he learns the rudiments of Support & Resistance with Demand and Supply zones.
WHO AMONGST US HAD ALTCOINS THOUGHT A HARD LESSION IN THE PAST.
The lessons aren't from altcoins alone. Bitcoin too has also taught some people hard lessons they may not quickly forget.