Why are altcoin exchanged for btc and not for dollar?
having tons of altcoin is just like having bitcoin. If bitcoin grows, they grow. If bitcoin falls, they fall.
Isn't this pointless? Why not buying and selling alts for dollar?
This is an interesting subject, and I think that one of the biggest problems in the cryptocurrency world is the fact that every crypto is so much dependent to daddy bitcoin!
Although some exchanges offer fiat pairs for alts too, but it's very limited and mostly for major alts.
I wish for a day when alts are not so dependent to bitcoin, but since it's the way it has always been, I dunno how would that happen.