bitcoin down

In my opinion, the drop was predictable.

people start understanding that paying 0.001 of a currency isn't suitable for everyday use.
a lot of people panic selling at even the slightest drop because they have no idea how to hold.

I don't see bitcoin as a viable currency, however, I see it rather as the base of new(-ish) altcoins that are far more interesting in daily usage than the starting point that was bitcoin.