Hello!
With the recent decrease in value of Bitcoin, the value of almost all the altcoins dropped too.
Now BTC is rising again and so are the altcoins.
I am thinking that if Bitcoin ever crashes, I mean completely drops to a very low value and when doesn't increase anymore.
Then the altcoins are going to drop too and won't have a high value anymore too, which means the cryptocurrency world will die.
Is my statement just nonsense or can it be correct?
I'm curious of what you all think will happen to the altcoins if BTC crashes for real.
The future of Altcoin without Bitcoin I thought would be fine. Bitcoin is indeed the first coin but it does not mean that when Bitcoin dies, Altcoin will also die. When Bitcoin cannot survive, Altcoin will be competing to be the best coin to replace Bitcoin. This is all in my mind.