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.
That's mean alternatively, if btc falls flat altcoin will dies off. What their deep relationship? Why btc important to altcoin, what's the connection in between? Will altcoins really survive without btc?
This is just a thought experiment and nothing more. I think the market is doing fine and all these small tiny drops do not really mean anything if you ask me. I understand that people do not look at it like they look at real thing but still thinking about what could happen on the long run is a weird one.
I think it should be remembered that we are living in a situation where things should be easier to handle and we could potentially do that if we are smart about it. I understand that life is not that simple but at the very least life is not as hard as people think it is. Hopefully it will get to a point where we are not going to end up with anything much worse than this, and that should help people look at the bright side.