Yeah your right I think. Bitcoin has always done this in the past. This drop is small compared to the drop we had in 2011 from $30. To $3. If you look at the percentages. I wish I had free money right now so I could buy up even more bitcoins.
1 thing bitcoin has always done and there is no reason it won't keep doing is rise fast fall faster then grow to the last high point and keep going. The cycle repeats itself with bitcoin reaching new highs every time. Unless someone has a real reason why this is different now I am convinced it will keep to the pattern.
Not sure the drop is small. We reached about $266, so divide that by ten, and you get $26.6. Sure, we aren't there yet, but if support at $50 disappears today, it could easily happen in then next 24 hrs.
But I agree on the general thesis. These crashes lead to sustained growth beyond the last crash point. 3 steps forward, 2 steps back, not the other way round thankfully.