Well, that is the reasons why poeple invest in bitcoin. People invest in bitcoin because they believe in the potential profits of bitcoin. No matter how low it dumps for sure the market will bounce back to a much higher value. That's how the market play, when the price is dump that doesn't mean it will dump forever. As long as many people invest in the cryptocurrency the market will continue go up and down but not totally down. Believing in this unpredictable market is why people continue to stay.
I believe bitcoin would go back up again because it is just the nature of the market cycle. We experience a meteoric rise last year and it is not that expected that it will go that high so it is not an organic growth wherein there is regular taking of profits that's why its drop is this dip as well. Every time the price drops more, its a pain for the holders and maybe some cannot just take it anymore. If you have more funds then you are lucky because you can average down. Those who are patient will eventually be able to reap the fruits of being able to wait until such time we are in profits again.