Existing Alts are not affected at all by this Chinese ICO-thing, but someone used the situation to dump his bags causing panic (eyes on you, fucking Goldman-Sachs). This "crash" was a self fulfilling prediction, Goldman-Sachs' "big correction", just after they pumped everything in sight and BTC to 5000, setting their bet. And now they dumped a bit and triggered weak hands.
There is blood on the streets right now. Use the dip, buy cheap.
Remember, this in crypto. We are the jews now. We are not locked in here with them. They are locked in here with us!