This "crash" flushed out all the paper handed "get rich quick" investors.

One thing that happenes whenever there is a bigger dip is cascading. People see it go down and panic sell their coins before they lose to much of their investment.

Most of these people are usually invested in crypto without understanding how volatile it is. Many of them are "get rich quick" investors who thought they can put some money in crypto and rake it out in a couple of weeks having quadrilion-upled their investment.

Every medium dip flushes out many of those people and many don't come back because they feel burned. It's a learning experience for most of them.

But you know what they say: "Time in the market beats timing the market".

Anyone who didn't just start investing and has been in the market for over a year, likely hasn't seen red in their portfolio yet. I know I haven't. And unlsess it all breaks down to nothing I probably never will.