This market correction was long overdue; the market shot up abruptly between October to Dec 2017, it was going up crazily. This dip is a great buying opportunity for those who couldn't get in with bitcoin at 19K and ETH at $900- Now they can buy in at cheaper prices. Bitcoin is also undergoing lots of improvements with the addition of the lightning network- the transaction fees keep going lower, making it faster and easier to use. Later in the year when those whales (hedge funds, high net-worth individuals) come in "all hell will break loose" and we will sure see bitcoin at 20K+. The best part is that when bitcoin goes up, most alt coins will follow suit. So all is well, coin owners should HODL and new comers should buy in :)
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This is actually the opposite of the reality, because if Bitcoin is to seriously challenge the likes of VISA as a payment system for micro payments, and use bigger blocks to ... Of course this is still in the early stages, and is constantly being tested for bugs, and will undergo lots of improvements