Hi nice people,

I have a question about alt coins. Bitcoin is the main crypto used for FIAT exchange, if the alt coins can't be exchanged to FIAT and have to first be exchanged to bitcoin and then FIAT. Doesn't that mean, that as long as the exchange rate from Bitcoin --> Altcoin remains the same, when bitcoin goes UP alt coins go UP, and when Bitcoin goes down altcoins go down.

In other words unless you can exchange the altcoins to FIAT they are only valuable while bitcoin is valuable, and that doesn't sound like a good thing to me.

Am i missing something here?