A hard hit may not be a bad thing, stopping the irrational game in time to really save bitcoin. It would be a real disaster if bitcoin were allowed to become a highly speculative target.
I think the price reduction is a good thing. What do you think?
If the fall would not last for such a long time, it would not be a very bad thing. We could really simply use it for buying more coins for less to sell it for the higher prices in future. Meanwhile, the fall did not depress me.