Specifically bitcoin has survive all the bubble doubters has speculated to be the end of the market, this crash in my opinion is just a blessing in disguise as it present an opportunity for late coming to get their hands on some quality cryptocurrency before the price get out of reach for the average individual to afford them in whole instead of buying fractions.
The dip also present opportunities to old members to refill their bags and for traders to take advantage of (leverage on) the massive price difference the market will be experiencing this period. Although as an Investors/trader, you have to be cautious with the investment decision you'll be making this period to avoid falling victim to scam.
Most project won't recover from this set back (especially altcoins having similar ideology) as only those with great marketing strategy will survive. Just having a brilliant idea isn't good enough as you have to be able to convince the community to put trust in your project which can only be achievable through marketing.