I know that a lot of us lost money, because of a sudden price drop in February. My own investments are like 50% down right now as well. The market is still bleeding and sometimes it really makes me nervous (I bet not just me). And yet I think that this is the right thing to be. Now all those people who didn't really care are out the the game. Only patient ones are ready to wait for the price to go up slowly. The main benefit of the current bitcoin state is that there's no problem with transactions. I didn't send my btc anywhere since November till today. I sold some btc, because I really need money right now. What amazed me was the transaction fee. It is 12 cents for priority transaction! I haven't seen anything like this since perhaps last summer! And I think that such a sum depicts a healthy blockchain, which people don't overuse. Gradual establishment is better than rapid growth, because it doesn't attract so many people who have no idea about bitcoin, but want to buy it just because it's rising.
I agree with you, this correction makes everyone panic and stiff, even some people choose to go away from bitcoin, and look for other altcoins to invest.
on March 15th, lightning labs, bitcoin startup lightning network launching LND software (lightning network daemon) beta version. which has a function to drive the main network blockchain. so the bitcoin transaction becomes faster and the fee is lower. besides that the correction conditions make everyone choose a hold rather than sell, resulting just little transactions.
bitcoin development slowly but surely makes the bitcoin value stable, if bitcoin rises quickly, I think the bitcoin is not normal, and the last, bitcoin will quickly also drops and it is difficult to rise again, like today.
