I just don't get it. BTC is trending downwards for the past 3 months. So what? What does BTC have to do with altcoins that have their own testnet, their own protocol, exciting news and developments every day and a growing user base?
Nothing. Why should ETH, ADA, and DOT for example suffer because of BTC needs time to consolidate? Or reaches the end of its halving cycle? Most altcoins are proof of stake and do not even have halvings! And yet people are using BTC charts to evaluate the price of other coins.
This isn't fair and it doesn't make any logical sense for the rest of the market that is growing and providing exciting news all the time.
This space cannot grow organically if it continues to be held back by BTC.
What is going to happen if BTC reaches the end of its halving cycle and starts tanking? Does that instantly make ETH a shitcoin? ADA? XMR? VET? LINK? MATIC? Even though those coins are fundamentally better now than they were back in 2017?
IMO it is time for BTC to go so that the rest of the market can discover their true value. This space is supposed to be decentralized, not under the control of one coin
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