Not an indicator, it just happens that it may be a good indicator for some assets for some time. Bitcoin is a currency and hopefully you will engage yourself appreciating that it's widely use as a medium of exchange. It is for long term, you do not have to tune up for its movement every single day and rant here because it is given that it is volatile.
it doesn't matter looking at the assets he owns. such as bitcoin or altcoins held in a wallet or exchange. Seeing growth and price movements is not something wrong. although everyone would probably be more into long-term planning for bitcoin.
but some people do not care about the investment plans made. they buy and trade it for profit. and most of them only see the trend in the market. that's how they manage their assets.
it will look worse when the investment is a beginner. because it can lead to feelings of panic when you see asset prices fluctuate continuously.