That is not true, it is very difficult to be able to be a trade in this kind of markets, specially when everything is on red and you can not even make $5 out of the market.
Um, have you heard of shorting? That means you make tons of money when the price falls radically. Sometimes more than if it's going up as falls are often more violent.
He does not understand that any fall has its origin. Even when the price at the bottom you need to invest Fiat and buy cheap coins. After a few days, this investment will yield income. Most people think that in order to make you just need to buy bitcoin and watch as the price keeps going up. Probably these people in my childhood I read a lot of fairy tales and still believe in them.