it will only go up. She bought at $4200 
How soon can we REALISTICALLY see $4200 again and upwards?
How soon can we REALISTICALLY see $4200 again and upwards?
You have persuaded your grandmother to invest her money into one of the most volatile markets there is. I don't know if i should laugh or cry.
Believing what people here say is plain stupid. Why do you think that you can believe anything that anyone says here? Anyone can create an account and write whatever they want without any consequences. This being said, this does not imply that there are no valid opinions and true statements. You have to understand one thing: everybody here is saying what they think as a personal opinion. It's always like that. You should read the book The Black Swan: The Impact of the Highly Improbable by Nassim Nicholas Taleb. It will open your eyes.
As for your options, you have two:
1. sell to minimize loss.
2. hold until price surpasses what you bought for.
My suggestion is - don't sell until price is above what you have bought. No one can tell you when this will happen. There is a slight possibility that this might never happen. So you have to gamble. But you have already gambled when you invested granny's money so, best of luck to you.
And here you go. Problem solved. Bitcoin is above 4200$ again. In this case you were lucky, hopefully you've learned your lesson. Just for the info - what do you plan to do now? Now you have a choice: you can return granny's money to usd and be thankful that everything ended up ok, or you can choose to be greedy and await further increase. What will you do?
just kidding . You should have made an analyzation throughout the movements of bitcoin's price before making a decision and make sure that it is your own money not from any member of your family so that if this happened it will be only your loss . Don't worry man just wait for a few months and probably it will be back again at $4200 and please get your grandma's money into cash and give it back in to her 
