Bitcoin is showing us that as crypto becomes more popular it's price variance decreases. Instead of Bitcoin losing 80% like it did in 2014 now all the altcoins are losing that much and bitcoin is only losing 66%.
I believe as time goes on this trend will continue. New coins will lose 80%-90% during a crash but the big coins will lose less and less. The converse is also true; spikes won't be as high.
When you look at Ethereum lows the value just keeps going up the vast majority of the time. This last dip was a fluke ICO selloff. Most coins are at a very healthy baseline right now. If altcoins lose another 50% they will be massively oversold.
I hate to beat a dead horse but... buy the dip. If you trust in the longevity and merit of cryptocurrency a price crash is the best thing that can happen. It allows for decentralization. It allows you to buy more than you would have if the price went up.
We all "know" that the price will moon again out of control eventually. It doesn't matter how far it crashes in the meantime. In fact, as I said, the lower it dips the better for anyone buying.
There is likely a lot of truth to that. As bitcoin gains more investors, it likely loses some of its volatility. Though it may never lose enough to be used for payments as readily as the dollar is currently.
Yes, and the opportunity to incorporate the hoi poloi and disseminate and decentralize control of crypto among them is now. Eventually I think there will be a tipping point for global finance. It may be a currency crisis, a global economic collapse which will cut the window for entry for the hoi poloi. So in these dips, in this 80% pullback, the hoi poloi need to dive into the big stable coins.