I hope for people that they don't chicken out once again, because this is the time for people to pull out their fiat bags and start scooping up satoshis.
I think so too. People are understandably scared; a 47% drop is nothing to sneeze at. However this still looks like mid 2013 or early 2016 to me. In other words, a mid term pullback.
History doesn't repeat but it does often rhyme. This pullback is just taking a slightly different shape than previous ones.
47% drop is a significant number, consider it as a crisis but that's not the case if we calculate bitcoin has risen 125% from the bottom $3300 to the current price.
Pardon me, but where this number (47% drop) come from? If it's the drop from $13000, then it just 44% drop.
I've been waiting for bitcoin drop to this level, it's a good thing to stockpiling more bitcoin to my wallet.