I need to bump this.

It's absolutely heart breaking to see how bitcoin takes nearly ALL cryptos with it whenever it decides to crash. Even worse, altcoins drop more, because people exchange them for bitcoin in order to be able to sell quickly if market hits certain level. The fact that great tech frontier projects like ethereum or cardano lose third of their market cap instantly because some official somewhere said something about bitcoin, is utterly disgusting.

One of the most frequent criticisms towards bitcoin is that it has no intrinsic value - this is a the main argument that nay-sayers keep bringing up when calling crypto a bubble or a scam that will end up in zero. Now, this argument doesn't hold true for ethereum or cardano, yet there's a great chance that if bitcoin would indeed crash to oblivion, it would take all other cryptocurrencies with it.

Seriously I hope this can be changed and will change soon.