Well the crash of 83 was caused by being able to play most of the same games on many consoles, and game pricing wars where AA or some AAA devs sold their games at $30 making the $60-$70 devs drop their prices, which also pissed off retailers in effect.
That's not going to happen in the current market, companies can't organize and pull off a game price drop these days, and you can't play one consoles games on another so, we'll likely never see a crash in that vein again.
actually, most of the 1983 crash was brought by the fact that the business model for videogames was completely different.
basically they were treated like newspapers, you gave to the vendor your games to selll, if some of those didn't sell, it was not up to the vendor to try to get rid of them, but he would give them back to you, and you had two options, give him another of your games to sell,or give him his money back.
this brought an era where developers were scrambling to put out as many games as possible trying to find an hit, because if your game didn't sell, you could only take the hit financially or try to recoup by releasing another game and using that instead..it was a ticking bomb where at every cycle things got worst, games with shorter and shorter dev cycles brought bad games, that didn't sell and brought customer's trust to the ground, which meant many copies werenot sold, which meant new games had to substitute them with even shorter dev times and so on.
that's how nintendo revitalized the entire market when the nes came out, they changed the business model to what we have now and put out the "nintendo seals of quality" that assures t the customers at least an "usable" level of quality in the games,or at least the apparance of it.
also,yeah, lack of protection of copyright also didn't help..at the time you could actually buy peripherals that would make you play games from your competitors on your console..like if xbox now comes out with an add on that makes you play ps4 games.
nowadays the worst that could happen is that some studios have to shrunk down and go indies,but we have so many ways of distribution and so many potential customers that it's almost impossible that something as big as 1983 will happen again.