Quote from: 1Referee on July 30, 2018, 11:32:58 AM

Quote from: BitHodler on July 29, 2018, 11:54:01 PM

Some idiots even dare to blame Bitcoin for that due to the firmly correlated price action. It's not Bitcoin's problem that altcoins don't move without Bitcoin guiding them. If altcoins can't move on their own they are shit.

Definitely. People don't understand that ~75% of the value altcoins currently have is donated to them by Bitcoin due to their tie.

People also don't understand that without Bitcoin's tie there is no way to value an altoin or token. Tokens are priced in Ether, which is based on Ether's value against Bitcoin. It's impossible to value an altcoin or token without people comparing its relative value to Bitcoin in order to determine whether or not it's expensive or not expensive. All the spoiled altcoin brats should show a little more respect to big daddy Bitcoin.

Exactly that's why most of ICOs use the USD value to show the value of their tokens and shy away from BTC and ETH values on their websites. While BTC and ETH move up, so does their USD value while their BTC or ETH value may have declined. It's a shady behaviour but almost all of them get away while doing this.