For a healthier cryptocurrency market, alts should decouple from bitcoin price.

Most coins rise and fall in value with bitcoin. This is mostly because most altcoins trade only for bitcoin.

However, if bitcoin is facing a problem (like the upcoming potential chain split and the scaling issues) that is a fundamental flaw with bitcoin, and many of the altcoins are not flawed in the same way and therefore have no reason to drop in value alongside bitcoin.

In fact, some of them could act as a good alternative to bitcoin and should therefore rise in value, not drop.

One way to prevent the prices of altcoins to be tied to bitcoin is by asking exchanges to more currency trading pairs, such as Ethereum to altcoins, or Dash to altcoins, or any other coin that is widely used, has a large market cap and trading volume and has a strong track record. If exchanges offer other options than just bitcoin to alts, and those options get used, then altcoins can decouple from the bitcoin price and their value would be determined by their own fundamentals and not that of bitcoin.

On top of that investors should look at the fundamentals of a coin and not just TA charts and the price of bitcoin. Because many altcoins have completely different fundamentals and some of them should rise while bitcoin drops in price, instead of dropping together with bitcoin.

Let's keep the market healthy and trade responsibly based on fundamentals, not on FUD. Just because bitcoin is making a mess doesn't mean it has to negatively affect the whole market.

submitted by /u/zimmah
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