what happens to the value of the coins that you purchased using bitcoin?
If you are talking about alts, then there would still be a huge decrease in value. Assuming the exchanges don't outright close, since those alts are tied to bitcoins, you still would have lost money. I mean, what's the use of a single altcoin that's work thousands of btc if btc is trading at $0.50? Although something like that sure sound unlikely, nothing is really certain.