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?
Then tell me what is good with it? Are you talking about new investors? Yea you are right. This is the right moment for them to buy mor bitcoin if they indeed believe bitcoin price is going to rise in the future.