Actually i am loving this dump. This is the BEST case scenario. Ripple is the pin that slaughters the alts. A few alt projects will survive. ANY of them that look even a little like a security are gonna get killed.
Bitcoin basically holds. Dominance goes wild.
Edit.. Wow.. the more I look at this the more beautiful it is.
You could be right and several are down 25-35%.
Still, today they come for them and tomorrow...?
Regardless of the merits, I still think that it is not appropriate to spend 8 years twiddling their thumbs and THEN coming up with something.