Yes, things are getting faster and more intense. If BTC falls just 10%, countless billions in crypto marketcap will be lost, a huge loss in absolute terms. Nevertheless, as you have pointed out, people can still remain in crypto just by writing on Steemit or running BOINC or staking with a PoS altcoin wallet (i.e. things they normally do anyway) which keeps them in the game and makes future reinvestments more likely.