I think it has to do with the fact that market is now filled with majority noobs (including me) and tend to be swayed by fluctuations due to fear or inexperience or both. I myself have invested in shit coins and some above 100 rank coins by taking a personal loan and I am NOT selling any until 2018.

If this crash happened a month back I would have panicked and washed off my hands from crypos but as I am studying the market as part of my ICO review series I have started appreciating the NEED for these cryptos to succeed to avoid fiat debacle and we cannot succeed until people learn to pick worthy projects and HODL