Just to note that many who got in early are not doing it for money, but for ideological reason or intellectual/academic interest, hence quite unlikely to sell, especially for fiat.  In the 2011 crash, many also blamed the early adopter for cashing out and crushing the market, but that has turned out to be mostly false.   In any crash, it is the weakest hand that always get shaken out, because they can't afford to lose the money and/or lack conviction.   If one truly understand bitcoin and its implication, then one should care less about its market price, especially in fiat terms.