....is their complete dependancy of Bitcoin. It really takes all the fun out of crypto trading.
No matter what kind of awesome progress some altcoins make....it doesn't change the trend upwards if Bitcoin doesn't allow it.
Pump and dump groups I also blame. Because of them I'm very positive that Bitcoin won't make it past 30 000 this year. 50 000 to 80 000 would be realistic without pump and dump groups dominating and controlling the prices.
Anyways, these things have to change somehow. The first altcoin developers who claim their absolute freedom from Bitcoin will be the real winners of this crypto game.
Bitcoin is the big brother of crypto market. But I think altcoins will gradually become more independent from bitcoin.
- Previously, to buy altcoins we have to use fiat currencies to buy / sell bitcoin first, then, use bitcoin to buy / sell altcoins.
- But now, we can easily trade Altcoin with USDT or Fiat currencices