Of course it does. If you would invest right now $1k into BTC at the $600 price and one hour later the price goes down to $20, would it matter? Of course it would.
No matter if the price drops $20 or $30 in one hour but if you have patience and belief on bitcoin then you wont panic because you know it would recover that again in no time.
Well that is what I am doing, when I am seeing the price of bitcoin is falling it makes me sad. But what I am doing is that I'm staying calm and waiting patiently for the price of bitcoin to go higher again because I believe that in the end the price of bitcoin is going to increase. There is a saying that if you are going to be patient, you'll harvest the wait.
If everyone will be in patience and will want to stay with bitcoin then it will not take time for the price of bitcoin to recover back from $20 to its original price like $600 or above than that.