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RE: Will The Crypto Market Change?
I guess it's because of trading pairs.
On most exchanges, you need to move a coin to bitcoin before you can move it to another coin because there is no trading pair for "random good coin - random crap coin" for most exchanges. So the value of bitcoin actually directly affects the value of other coins in this way, and the bad part of bitcoin does not hurt anyone here, you aren't sending that out of any address, they remain in the exchange.
To be honest I don't really like that, but that's how most exchanges work /shrug
You know, I really never thought of that. It really makes perfect sense. I think in order for it to change, the public interest for altcoins is going to have to increase enough to offset the demand for bitcoin. Eventually this should work out bitcoins influence. In theory.