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.
First of all, there wouldn't be any altcoins if there was no bitcoin. BTC is the barometer of cryptocurrencies. Whether btc rises or falls almost everything in this industry follows, thus, i think that if btc ever do crashes then everything would follow.
It is said that Bitcoin is the foundation of all the coins in a crypto world and even in reality at current situation Altcoin's value will fall if Bitcoin goes down
but if ever Bitcoin crashes I think Altcoin will recover at a span of time and Ethereum as the second in the line coin will lead the way after bitcoin crashes.