The crash of February 2018

The big boys are bleeding and so is everyone else....

Ark is Redder than its logo
All my ICO's are down to ICO price or lower
My ERC20 tokens have taken a dump
My longshot coins don't even get measure in pennies anymore

All that said I'm still up 130% since 3 months ago, but I had triple this end of dec.

Is this the correction or the crash?
That was the comment of someone after the recent fall in value of bitcoin and I am sure that is how most of us feel right now

As it bites harder and people complain. I am curious
What does this mean for the steemit community? The sbd?
Do we expect any progress in the near future?
What would be the wise course of action for cryptotraders?

And @surpassinggoogle does steemit benefit from this crash?