This is par for the course for cryptocurrency. There is nothing new here except the recent additions who are freaking out. Crypto is very volatile. We see this all the time.

In the past we witnessed pullback this large (percentage wise). This time, I feel all the weaker hands who joined the crypto world in the last few months are making it worse. Sure there is a lot of negative publicity out there with the ponzi schemes and what not. However, things will bounce back in a big way. It actually is a good time to buy.