let me remind you of this, that this is not the first time bitcoin has crashed very significantly and its not the worst of all crash. (correct me if i'm wrong) Based on bitcoin history, crashes occur on:
2011 jun- Nov: -97%---> From $ 32 to $ 2
2012 jan - Aug: -36%---> From from $ 7 to $ 4
2013 Mar 6 -11: -25%---> From $ 49 to $ 36
2013 Apr 10: -79%---> From $ 266 to $ 54
2014 Feb 24: -49%---> From $ 867 to $ 439
2017 jun 11-16: -36%---> From $ 3,000 to $ 1.869
2017 Sept 2-15: -40%---> From $ 5,000 to $ 2,972
2018 Jan 17: -48%---> From $ 19,783 to $ 9,496
If viewed from history, crashes often happen every year since 2011 and proved that this year is not the worst year of the year - the year before. What do you think, whether this crash will continue or not?
We will likely get back where we had started this summer, or rather August, somewhere around $7,000 unless a miracle happens and Lightning Network gets fully activated within the next few weeks. But since it is not very likely, the price has enough momentum to drop lower. Also, we shouldn't forget that the crash we have seen is the strongest after the Gox collapse. It make take very long till we get back on track, and the longer we stay low now, the lesser our chances to rise later. Bitcoin is speculation, and if it fails it is typically game over.