Yes almost all cryptocurrency is going down this day maybe it's effect from china banned ICO, but it's great moment too, to hold some altcoin at low prices if you want.
I just hope it's not the end of cryptocurrency
If you remember properly, the big slide in 2013 December was caused by rumors from China about a possible Bitcoin ban. The prices slid from $1,230 per coin in 2013 to almost $200 per coin in 2016. I just hope that this time it is not going to repeat. Are we prepared for an 80% decline in the exchange rates? I really doubt that we are.
I don't know whether others are prepared for this decline but I myself have no issue with it. I was expecting the dip to occur, lately so the reduction in values has not surprised me. Also, when we will recover from this situation, the number of users will be even greater.