If that situation happens then it must be the worst thing for this market. Anyway, people are waiting for the market to recover next year with lots of positive news coming.
Probably, but we could still make some money out of it, though the difference is that the market and traders might be lessened because of their fear that they might lose another money for it. Though if you do look at the price range before when it wasn't yet hitting to $20k is kinda similar. So, if it dumps again then we are going to back again when the price was below $1k but I don't think it would still dump just like that.