It looks total crabs that without btc altcoin has no value streaming on its own. I observed several occasions when btc experience downtime, it affects the rest of the altcoin and when it pumps altcoin experience likewise. I classified bitcoin as 🚜 tractors that levels prices of altcoins. ETH is second world best crypto that occupied core ria marketcap in the crypto market but yet it cannot survive without btc.
but you did not mentioned about how altcoin moves in the past years without bitcoin moving up?
and that is what we called altcoin season.
I think that will not happen, I mean not anytime soon at least. I still think that we can make a retirement plan that involves bitcoin without fear and it should be fine. However, if we plan on something like this then we could always say that you are right and alts will die too. Whatever has caused bitcoin to be zero or near zero, will not pity alts and keep them that way, they will all be gone and be zero as well, that's just how it is.
I know that it's hard to accept that, but that's the reality. It's going to be a tough situation to be in, but it's going to be fine. I hope that it gets to a point where we are talking about something unrealistic to me, like having gold go to zero, it's as unlikely as that if you ask me.
Always set precautionary measures because despite on being that #1 in the market doesnt mean that it would really be giving out guarantees that it would last forever or would really be able to stay up that on point.
This is why it would really be always that nice or ideal approach on having that risks management thing because on the time that you wont really be that making yourself that not expecting too much
and wont really get wrecked on the time that the market would really be going into the opposite side. We cant really be able to tell that altcoins would be solely be dependent with Bitcoin but cant really be denied that on the time that Bitcoin would be kissing on the floor then everything would follow but we dont know if there would be altcoins would be able to widthstand such condition or situation on which it might
potentially be able to replace Bitcoin into its position.
No one really knows on what would be the future looks like and this is why, its always been that ideal on having that kind of normal approach on things on which it would really be just that
possible to happen or not. We dont know on what the futures lies ahead in speaking with this market.