Post
Topic
Board Altcoin Discussion
Re: When will altcoins be independent of bitcoin's movement?
by
Gnompork
on 19/02/2018, 18:21:45 UTC
I understand that since altcoins are paired with BTC for trading, the price is based off bitcoin's.

However, even if an altcoin is doing well, it can tank (in terms of sats) when bitcoin's price corrects.

Will we ever see a market that isn't so heavily dependent on bitcoin? Is this possible for the future?
I think bitcoin has become something of gold to ordinary money when there was a gold standard. As we all remember, the gold standard was abolished when gold became severely scarce due to the developed economy. Bitcoin has a large emission. At some point will be about the same. His place will take another coin, which will be the most important for crypto-world. When this happens, it is very difficult to say. Maybe an ICO telegram in a couple of years.