Take a look at Bitcoin. Bitcoin rules for life , it's like a king where other cryptocurrencies are under, a chief among competitors. Am glad thousand of persons are going into Bitcoin investment everyday and it works well for those who understand about it. Bitcoin really favours those who go into longtime investment not for those who want immediate returns of profit.
Volatility of Bitcoin is always constant, it's a normal thing and when the price of Bitcoin drops, that's the best time to get a bitcoin. Bitcoin been the first cryptocurrency is future of the incoming generation. I'm happy to found Bitcoin
Speaking from a trading perspective(although bitcoin was meant to be used as a P2P payment method)
Bitcoin is indeed a good investment in the long run because of it's huge returns and the huge returns has become a reason why many people are diving into the bitcoin investment.
Many people don't really understand what bitcoin is all about and are in it just for the sake of high profits.
I am quite sure that since bitcoin dipped recently many would have invested in it and since it dumped more those people would have faced a panic and some would have even panic sold their bitcoins.
This same situation happened back in 2017 as the hype was really great at that time and as many investors hopped in the price peaked and then the crash drained them all out.
This is where we need to understand that bitcoin is meant to be hold for the long term to reap out good profits.