So I am a newbie and I always had this question in my mind why all altcoins are backed with BTC because at times like these altcoins are the most affected one there are some really great altcoins out there but due to this correction we can see a massive drop in those coins and I don't think it is fair to other coins that because of only one single coin they also see a massive drop.
Altcoins are parasites on the trend, success of Bitcoin. Bitcoin does not have relation with altcoins and it does not back altcoins.
Bitcoin rises, altcoins can rise together if it is a bull trend. If the market is in a bearish trend, altcoins can move side way or fall even bitcoin is on a rise.
Bitcoin falls, altcoins will be in bloodbath.