Market is unpredictable, and the price can fall at any point, and it could also grow in a short period of time. Market speculation, changes in investors sentiment about the market, economic problems, market manipulations are the cause of price fall. There are other reasons too. There are times for bull runs and times for bearish market. Profits and losses. They are the key elements for the crypto market. Well, it is for every market. But as we are talking about Bitcoin market and its price, let's stick to that for now. If you are really involved in Bitcoin investment, you should know that it is a long term investment asset. You can not make profits overnight and become rich. It takes time. If your friend is somewhat sad about loosing some value after investing, then it's all coming from emotions. And in crypto industry, emotions is the main key which will lead to your downfall.
For some people, price drops are a bad thing. But to those who knows the game, they see this as an opportunity. It is a great time to fill up your bags at a low price. As mentioned earlier, both elements are present here. So bear market cause price drop, and one day bull market will turn it around and the price will grow. It's as simple as that.
So, you propose the market' volatile, and the bitcoin is a long game, huh? And sentiments can be our nemesis? Theres merit there, cant dispute. But the elephant in the room is the market tampering in this world. The reality of "whales" rocking the market boat is undeniable. How else can one rationalize abrupt value plummets against all bullish signs? Manipulation at play.
Furthermore, lets consider the host of scams and Ponzi games in the crypto landscape. How often have we observed new coins artificially inflated then abruptly ditched? In this domain, you could wake up penniless! Isnt it a high-risk business? Sure, some view dips as doors, but how many declines before you're drowning?