A friend of mine is an investor in bitcoins, too.She's great at it. But she said she lost 50K from it.
That's just a little dent in her assets. But she says I shouldn't buy them now because they are about 6K each, not just a few hundred bucks anymore.
It is still good as a day trader. Can't be holding onto a gold mine like apple when she started out anymore. It moves so quickly and triggers on news.
Couple hours ago at $7100. Now dropping to $6700
The day of nearing 20k is long gone. I still can't imagine one coin, you can buy a car. I see a coin like a Penny. We can always find a penny. Now imagine each penny is 20k. I have a pocketful right here.
Someone just dumped their coins this morning. A big player is moving the prices. Weak hands are out so in order for the prices to rise, new money need to be pump into the system. Without it, with low volume, she will be in danger to drop even more.
Perhaps people are waiting for a low entry point.