Altcoins prices push the price of bitcoin up and down !!
if Altcoin is a simulation of bitcoin's path, so why not just bitcoin enough ??
Any altcoin owns its name, project and ideas, so why that altcoins are related in the pricing with bitcoin ??
Because Bitcoin is a failed design.
Proof of Work is a failure and it is nothing but a continuous increasing cost structure.
What is needed to upgrade every year.
Bigger Warehouses
More ASICS
More Bandwith
Insane amounts of electricity
(Which Require increased expenditures from the Power Plants with increases Everyone's electric rates.) None of the above is sustainable and many cities have begun banning Bitcoin Miners as it is exceeding the infrastructure ability to hold it and increasing electric bills for all that are unfortunate enough to live near one.
Why are their alts coins, because the world needs a Coin to provide the services without the downfall of PoW.
One of those Alts is ZEITCOIN
It is a better design than Bitcoin for the following reasons
ZEIT
Only coin to Solve the Following
PoS Inflation Problems = √ Solved moved to Ultra Low Inflation
PoW Energy Waste = √ Energy Efficient
PoW ASICS required = √ No Asics required
Massive Operating costs = √ Minuscule Operating Costs
Compared with BTC
BTC
Low Transaction Capacity
Energy Wasting ASICS
Increasing Transaction Fees
Rich can jump ahead by higher fees
Verses
ZEIT
20X BTC Onchain Transaction Capacity
Energy Efficient
Low Fixed Transaction Fee
Transactions included in the order they were created
Whether you believe it or not , An ALT that is sustainable will eventually replace Bitcoin , because it is not sustainable.
Altcoins are the evolution of Crypto to find a working system that is sustainable.