I am not the best person to help you approximate which of these two scenarios is most likely to occur. What I do know is that once all these Alts go down it is a great opportunity to put some real world money into it. After I pull out of a coin I always put some into bitcoin and some into euros. Just waiting for steem to come down and might pounce on it!
RE: Bitcoin is going for correction or will hit new ATH! Are STEEMIT, PEERPLAYS, EOS affected?