Your friend is too optimistic. You should already be at a loss. The future of cryptocurrencies will continue to decline. The cryptocurrency will only rise when a lot of confidence is lost. This is a cruel financial market and we must be careful.
How can you say that?
There are a lot of popular names in the industry of investing and trading that Bitcoin will continue to fall but as we can see right now, the price immediately rose back to current price and calm a lot of investors and traders that panicked a while ago. I don't understand when you said that the price will rise if the confidence is lost, I know that there are investors that buy at the lowest price of Bitcoin but that just means or proves that the investors are not lost but they are regaining other people's confidence about Bitcoin and other cryptocurrencies.