I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.
Is there no independence in the cryptocurrency world?
Thank you!
That's the pattern that is done in this world, the attachment between each other cannot be separated from the supervision of those in power, BTC itself has prepared a pattern that binds all coins, meaning that if BTC crashes, other coins will also receive the effect.
If this is not done, then BTC will continue to be eroded by time and they will not be able to stay in the top position, this pattern will continue as long as they feel the need to be applied so that stability can continue to be maintained.
Talking about independence in the cryptocurrency world is not so important to them, meaning that as long as both of them feel that they are benefiting from this pattern, what is considered is not independence, then the cryptocurrency world is only controlled by those who have the capacity and have stood the test of time.
Recently I heard that there is a group of people who want to create independence in the cryptocurrency world that they control in China, but we haven't seen the maximum results from them, hopefully in the future there will be a team that can change this rule, I hope so???