Quote from: aruldaroy on Today at 04:21:21 AM

Quote from: verita1 on March 24, 2022, 10:42:46 PM

I honestly think of USDT when I go to the P2P exchange. If I was given a choice between Bitcoin and USDT, without hesitation I would choose Bitcoin. But as OP says, traders wait for the bitcoin price to drop to buy more with their USDT pair. Without Bitcoin in the crypto market it would not be as we know it. All other coins depend a lot on the address where bitcoin is moving.

Yes all other altcoins are very dependent on the price of bitcoin.
Because without bitcoin in the market like there is no power and so is USDT.
Markets without USDT I feel like gravy without salt that's its nature.
So for me Bitcoin and USDT are still important and it's hard to choose between the two.

They are not actually dependent but rather money in crypto just circulate from one altcoin to another while Bitcoin is the starting point for all traders so in every price action of Bitcoin usually react all altcoins since traders money is just flowing on it and they usually trade there asset to Bitcoin or Stable coins when market is bear while buy spree on altcoin when the market is bull. This cycle of crypto which let people think that Altcoin is dependent to Bitcoin but in reality, Traders is just moving there money on safer asset during strong price sentiment.