Anyone selling altcoins now is a fool. They are at or near the bottom. You should be buying now, not selling. Learn from your mistakes next time and don't hold coins all the way from the top! Good luck out there.
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Maybe. Unless they go to close to zero. There are many many projects that probably don't deserve even half the market cap that they currently enjoy. Still a lot of fluff in many of the altcoins.
Agreed, but perfectly viable coins are suffering more than they should, as well.
But who is to say what a coin should actually be worth? It's all speculation at this point.