Bitcoin enthusiasts are little worried about shit altcoins, they are likely going to die regardless of the market situation. A project without a product can't survive long.
The useful and practical altcoins which are taking a fair share of the cryptocurrency market capitalization (which has pushed BTC to as low as 54% of the market) would likely survive the current onslaught.
I think what's been tested in the cryptosphere is exactly this. In the end the markets go with what people believe that will work in the future meanwhile big players are getting their pockets full of btc.. and it will still be pushed down. Not long from now we'll be starting to go up and alts wll follow, thing is from that mid term push up to the last push down to finish btc correction, all this pumped alts will fuck some people up, cause probably will die. My point being is that the blood bad ain't over and before being over for sure there will be calls of the bull market starting as we've had since may.