I just wanted to get your opinions on this one , what do you think Bitcoin would be if there was no Alternative coins such Litecoin & Dogecoin and the others ...
I mean it would be better with or without them Bitcoin would have no value at all ?
Why would Bitcoin have no value at all when there are no altcoins around when in fact altcoins are the one who needs support from Bitcoin,Bitcoin can stand alone even if there are no altcoins around ,the fact is these altcoins around are only clone,if bitcoin is a close source we will never had a single altcoin running.
I agree bitcoin is not dependent on altcoin market. So even without altcoin bitcoin will survive. And besides bitcoin does not have only altcoin as its trading pair, actually bitcoin is also paired with other currencies like USD, Euro, Peso, etc.
Bitcoin will survive without altcoins, but fact is that altcoin market contribute a lot to bitcoin. There is many traders who use altcoins to make profit.
Good thing is that bitcoin is paired with other fiat currencies, in case of altcoin market collapse altcoin traders will move to trade btc with fiat.