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.
This is not for the first time that bitcoin and the complete crypto market is exhibiting some harsh downfall. There are many events of the past where many coins were at the edge of disappearing forever but they stayed in the market because bitcoin started recovering in prices at that time. Same is going to happen now. It is impossible for bitcoin to stay at this price for more few months. It has to rise now.