This probably gives newbies a chance to enter the market at attractive valuations. 
Yeah it does,I have bought a coin while it went down to 475 today.Might be it could have gone below that??You could get it lower than that, if you wait for it to drop.... I was impatient... Last week I snagged one at $493+5 = $498
then when it dropped to $490...i bought another one for $495...only to have the market hit $470.... so Yeah....
Im gonna wait for it tank further or just sit tight!