There is a lot of dangerous advice being given here. If you think that the entire market is just going to eventually pick and recover you're very much mistaken.

Some alt coins will enevitablly die out. This is an unprecidented time where anyone can copy a cryptocurrency core code distribution and market their own alt-coin. The vast majority of these have very little practical use, or at least simply mimic what another 100 altcoins are already doing.

I see a time come where most altcoins will be worth nothing and only a few remaining will stand below Bitcoin itself.

The bottom line is - there are going to be lots of people who will lose a FORTUNE in the coming years through investing in altcoins. It is akin to investing in a start-up stock market such as AIM, 95% of shares on this index will crash and burn, sure, you might make some money along the way if you're lucky enough to sell on the spikes, but history has shown us that most of these companies will have their share price plummet and never recover, I expect the same kind of thing will happen to the alt-coin market.