Hi this is just my opinion and do not take it as a fact.
I am very saddened by this crash because I know so many teenagers who invested into crypto with their college funds during december/january rush and now they have nothing left.
My advice to you, please get out of crypto if you have families and children to feed. this is the game of whales and greediness and they will steal all your money and unless you are a very early investor, they will send you onto the streets. Cryptocurrency can be compared to religion. religion for centuries was used to control population and enslave them. Cryptocurrency is used by few hundred people who own half of btc that manipulate the market in a way where regular people have a delusional hope that one day they will get rich so you put money into crypto using loans, credit cards, mortgaging houses. Banks overseen it and now they try to ban it. Dont excluse the odds of that whales know each other are high and together they can easily nullify the market to take all your money leaving you broke. Once the market becomes worthless the cycle repeats. people please get out now the market CAN crash to 3k or below and it is inevitable because it is not decided by the world, its decided by few people. I was a victim of bitcoin scam too. i invested 10k into trx when it was 24 cents and 2k into ela at 90$ and icx 35k satoshi and now I am broke. I just have 1500$ left from 12k and I will aknowledge my losses and get into real regulated market. there are much better markets out there where you are fully protected. my wife invested into shopify last year her stocks went from 35$ to 190$ and it will only grow. no market manipulation whatsoever. stop feeding the whales please. blockchain is the future, I agree. however i believe when institutions step in, it will be regulated but they will use their own network rather than the corrupted btc and this is why btc can one day just disappear.
Sorry for your loss dude. That's why they say never invest what yoi can't afford to lose it. Aside from that it's never recommended to buy bitcoin at it's highest price.
For example if you have bought bitcoin April this year, you have already earned a thousand or two as bitcoin plundges down to 6k that month.
There will never be a safe investment bruv, everything jas a risk in investment world.