Indeed! If btc go down to $200, many crypto fan will be dismayed and eventually stop supporting Bitcoin. Then Bitcoin have to start all over again. But I think Bitcoin will recover soon. I am seeing happy whales at this moment . Then when their accumulating stage is done, you will see how the price go up again.
The question is does 200$ will be happen for real? I really don't think it will happen because the community won't allow it to be happen instead become more aggresive to patronize to use the purpose of bitcoin in the community and for sure more invertors will come in too.