Nobody knows the answer to that question. I first bought at almost $5k and it went down to around $3k. The moment I thought I had definitely made a bad investment and probably lost most of my money, it reversed. It was a horrible feeling but having gone through it once, I'm not as worried this time. I only invested a small amount that I can afford to lose. It's been much more fun than leaving it the bank. I've learned so much about the technology and now I'm much more confident in it. There's a chance that this is the bubble bursting and we will never see $20k again but I think it's more likely that the price will go well above $20k this year, so I'll just hold. This is obviously just my opinion and not financial advice.
Thanks. I bought it at 10k and it when up so I told my friends to start buying too and got in around 13k so im just worried I gave my friends bad advice
Nobody knows the answer to that question. I first bought at almost $5k and it went down to around $3k. The moment I thought I had definitely made a bad investment and probably lost most of my money, it reversed. It was a horrible feeling but having gone through it once, I'm not as worried this time. I only invested a small amount that I can afford to lose. It's been much more fun than leaving it the bank. I've learned so much about the technology and now I'm much more confident in it. There's a chance that this is the bubble bursting and we will never see $20k again but I think it's more likely that the price will go well above $20k this year, so I'll just hold. This is obviously just my opinion and not financial advice.
Thanks. I bought it at 10k and it when up so I told my friends to start buying too and got in around 13k so im just worried I gave my friends bad advice
Here's a few previous price crashes that Bitcoin recovered from in the past. There's no guarantee it will recover every time but hopefully it will this time https://steemit.com/bitcoin/@sharpshot/comparing-the-current-bitcoin-price-crash-to-previous-ones
thanks again that was real helpful
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