I think what is currently happening is a natural process in the life cycle of cryptos. This new concept/system/market must reach a stability and maturity point, where the common of people should understand that the main function of the cryptocurrences is

NOT TO EARN MONEY (fiat money) WITH THEIR COMMERCIAL EXCHANGE NOR TO SAVE MONEY KEEPING ITS VALUE

(although that is a natural side effect), but to serve as a means to make the digital economy of this era to function properly. I think that Steemit is nowadays, a very good example of how the cryptos should really work.

Perhaps one of the main problems nowadays with cryptocurrencies is that their main utility is badly focused, which is to avoid the limitations of physical money and the traditional banking system. The groups of people who manipulate the cryptocurrency market (playing with price speculation in order to obtain a huge profit), besides from hacker attacks on security systems, make the traditional financial systems and the governments of the different countries lose credibility on cryptos. Then they arrive and take drastic measures that do affect the value in the market and the confidence of ordinary users, which causes the value to be lost even more.

I would not worry so much about the drop in current prices. Sooner or later we will arrive at a point of general consensus and a globalized acceptance of the concept of cryptocurrencies.