It is very bad. Especially for those people who buy their altcoins at higher price and hold it. Everytime bitcoin drop all altcoins follows. And until now they have a hard time to recover.
we only need to believe in bitcoin and the crypto market. maybe now the falling bitcoin price has made all of the altcoin prices follow it to fall. but if we don't want to lose our money, we can only wait for bitcoin to grow again and make the market crowded.