It probably is, for those people that wants to buy into bitcoins. But it was a life changing crash for those that bought at the highs of december. If you can imagine someone buying from $17,000 - $20,000 then suddenly crashing in February to $6,000. That would have been a nightmare for them. I guess it's an opportunity more than an misfortune. I believe today is still a good time to buy bitcoins or probably ETH or XRP.
In the short term, it may be a life changing crash, considering what some of them may be thinking or going through now, but it would be a very huge one for those who probably got greedy and were busy going all in during the FOMO despite all that was said for people to only invest what they can afford to lose, considering how short term can be after a FOMO, but no one would listen.
Some who just bought little would be less worried and would even use this dip to buy more which is what a lot of people do not always get. Making use of bear market is good but we cannot expect that to happen always because then we can enjoy the bull market ?