There have been numerous instances that the cryptocurrency market experienced a dip in value. Bitcoin and altcoins both have felt the wave, with many putting short orders on their entire balances, further pushing the crypto industry down - for the moment. This is nothing new for a volatile market such as crypto.
There is no need for investors to make mistakes of others in the past by putting everything on the line due to their fears. Control emotional trading, regularly do an analysis of the market (both tech and fundamental) and keep calm mind all the time.
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This year the bearish market has stayed too long that has affected the way the whole thing behave. I don't think in the years pass we have had this long bearish market. I believe bitcoin is going to recover but we should not expect too much from the market as the overall price movement and volume has not shown serious bullish trend.