Quote from: OrangeII on August 14, 2023, 02:03:56 PM

Quote from: JamesBorn on March 10, 2023, 07:00:11 AM

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?

bitcoin is a role model of all types of crypto that exist today. So, when bitcoin falls, it's very likely that altcoins will also fall unless those altcoins really have advantages and better commutation than bitcoin, but so far I don't think there has been an altcoin that has surpassed bitcoin.
In addition, if only bitcoin prices fell, then altcoin prices would actually fall, and probably most of the altcoin projects would go bankrupt. However, I hope that this will never happen.

but what is difficult for now is related to trust, where it is not easy for altcoins to survive without bitcoin. we can see for now where bitcoin has decreased by 7%, and we can also see altcoins have decreased too, even the decline is bigger than bitcoin. it is unimaginable if bitcoin crashes or even disappears, of course there will be a lot of big news, where many investors will go out of business, and money will only move to a handful of people. but with the development of bitcoin so far I don't think that will happen, but for altcoins there is no guarantee