Will any other blockchain network ever break away from BTC value?
Will any other blockchain network ever break away from BTC value?
Hi guys. I’m just wondering what people think about this topic. Normally every crypto currency follows the price of BTC, but I’m just here wondering if that will ever change.
There are networks like Solana (imo) that function amazingly, are cheaper, and are safe (unless you’re reckless or naïve). Why do all cryptos still follow BTC? Why haven’t they separated from Bitcoin and done their own thing yet?
I feel that due to many cryptos being paired with Bitcoin, a lot of the alts are being used as collateral for Bitcoin so when Bitcoin goes down, many alts gets sold to give liquidity to Bitcoin.
My take is that Bitcoin is still the ‘safest’, relatively, crypto right now. Sense risk coming? Better hold BTC. Coin losing value? Better hold BTC.
Not all alts follows BTC pump
But it will surely follows BTC dump