As we all know it when bitcoin price goes down, most of the coins are heading down too. That's because bitcoin it is the Heart of all coins if its sound then all of the coins are good, if it's Bad then all of the coins are going down too. most of the time other coins are following the bitcoin price. just look up the market right now.
This is so far, but it would be better to have complete independence, then only the most stable and profitable remained among the alts. Others would not have survived simply. And competition with bitcoin would be tougher.
Well, that is no longer anything new, considering the fact that bitcoin has been able to stand the ground of the general market controller thus far and I believe in a way, this is something that will remain like that.
When it comes to competition with bitcoin, I doubt if this is something we will get to see, as most altcoins are even trying it hard to compete among themselves, we keep seeing different clones of the same product popping up every single time, and most of the altcoins in the market are just scam with no real value or product, so in the case, where bitcoin scaling issue gets fully resolved, we get to see it hit the idea of being a payment system a lot better, and by then, bitcoin gains dominance, and this is the time we will get to see altcoins that will practically still be breathing as a lot of them will end up dead.