All crypto currency down :P

[Scor1937]

Actually according to my research, all the alts mainly go red if the price for bitcoins is increased. Some alts have negative impact and they do grow along with bitcoins. Proer study is necessary to buy at dips and sell once high. I think, it is a good time to invest into altcoins like mainly DOGE. Doge too can go up. It is good to make some research before investing into. Hope you can find any good coin to invest into as all are red now. They will surely rise some or the other day so keep on holding your coins after the purchase.

[conanmori2]

This is a good news guys dont ever panic cus if you panic you will lose. You should better buy sell your Altcoins then buy BTC cus we know that if BTC is dipping its the best time to  buy it and soon it will pump more X on your Investment. Dont Panic!!

[Rubick99]

Yes, if altcoins price are falling down, this is time to buy. And if you already buy before it, don't panic sell. Just buyback and hold

[newinbtc]

is this the best time to buy now any currency its 8 th jan 2017 and just now seen all cryptos are down ...

yes this is good time to buy and hold the crypto , South korea will invest big amount again then price will rise again.

One korean exchange fase hacker attack also.
South Korea reviews accounts thats why price fall down

Actually this is good time to buy Bitcoin. in short

[penig]

You can check this topic https://www.reddit.com/r/CryptoCurrency/comments/7oxivj/cmc_just_tumbled_the_whole_market_with_one_move/

 I don't know if it is legit, but at least less panic.

It is legit in that CMC has "removed" Korean exchange prices.  The question is whether they proactively removed them or they just moved so far out of bounds that they triggered automated rules to restrict outliers.  Korean prices are consistently high than other markets and some of the price differences show are ridiculous, so the new price is more accurate for the rest of the world.

This also means, that the whole CMC price was bogus the whole time to begin with. If you calculate the global price for a crypto and include local markets there, that sell the same crypto 30% over price, the whole data gets flawed.

That's what you get when you trust a single source.

Yes, though ironically CMC provided a service to create consensus view from many markets.  The problem is in the exuberant Korean markets and people  driving investment based on market cap rather than looking at values and benchmarking to $. 

Only thing CMC could maybe have done is shut down for a half day to a day with a statement of what was occuring and let everyone readjust more rationally. 

[Niflore]

So, if this is the case -  altcoins upgraded to strong buy 

[Baoo]

Honestly, What happened is disappointing because all currencies are falling in the same time. Furthermore, I think something common has led to this problem and maybe a drop in the price of Bitcoin led to the fall of other currencies.

In fact, There is a reason for this, I guess that in last period there was a rise in bitcoin and that could be fabricated, In order to reduce the price of btc and then  this affect negatively to other currencies (like : Ethereum , Ripple, Litecoin..). Because they rise a lot in the previous duration and this does not help bitcoin.

 And in my opinion, this is the best moment to buy bitcoin because it is certain that the price will return strongly in the coming period.

[Osarman]

Actually according to my research, all the alts mainly go red if the price for bitcoins is increased. Some alts have negative impact and they do grow along with bitcoins. Proer study is necessary to buy at dips and sell once high. I think, it is a good time to invest into altcoins like mainly DOGE. Doge too can go up. It is good to make some research before investing into. Hope you can find any good coin to invest into as all are red now. They will surely rise some or the other day so keep on holding your coins after the purchase.

Bitcoin is the benchmark for all the alternative coins and yes they all show different behavior. I highly support the idea of investing into alternative coins because I think it is good to have diversification in your investment. But I would rather go with Ethereum, ripple and Monero, may be Litecoin also.

Doge is also making its place in the list of trustworthy alternative coins but I am only curious about the performance of Ethereum this year.