let me remind you of this, that this is not the first time bitcoin has crashed very significantly and is not the worst of it all. (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?
i viewed it, and these were big crashes, but this bitcoin history give us lesson that every pump give us dump and after big crash it mean the time is coming when we will see bitcoin again rise. Now in this time bitcoin crash from $19783 to $9496. Then the next year we will see bitcoin crash from $25000 to $15000.
What OP was trying to point out is that bitcoin has experienced much worse crashes in the past as compared to the price drop that we are experiencing right after the ath of almost $20K. People have been worrying and saying that bitcoin is about to die just a few months back when in the past, bitcoin has been in much worse conditions. Pumps don't always follow dumps - sometimes the price would rise steadily. It may be seen however that it's but expected for there to be a correction after experiencing a pump.