Bitcoin is the only king at the moment... If it crashes no other crypto can survive, irrespective of how high technological potential it upholds....Bitcoin is the gateway to crypto world, we cannot enter or exit without it... No other coin in the near future can overtake it...If it goes down, whole market goes down. The only advice to all the crypto enthusiasts is to "HODL" Bitcoin and play with the rest of alt coins...If we HODL BTC, we will never face any major crash again.
Coinbase currently allows people to buy Ethereum and Litecoin with fiat. I say Coinbase first because it is by far the largest gateway into crypto at the moment. On top of that we are seeing many other exchanges allowing the purchase of numerous coins with fiat. While I agree that if Bitcoin were to crash it would severely affect the market, in all likelihood I think we would not see an immediate crash but a migration to various cryptos the operate at a better scale. Likely Ethereum, IOTA, or something similar would become the flagship, but again anything is possible.
I totally agree and I add that soon, there will be more gateways to enter in the criptoworld and the Bitcoin-dependence will be less and less. I still think Bitcoin will be the biggest (and almost the only) store of value
Well I think that Steem is the best coin in the market and that Bitcoin is outdated. There are exchanges where you can buy alt for fiat and it is not that hard to setup an Steemlocal for instance... so even if Bitcoin fails, which I dont think it will completely, we could still use Steem and other coins... I think that Bitcoin will still be an object of speculation, but for me personally I dont hold it, I only hold Steem, eos and bitshares, since thy have real utility (well right now Steem and Bitshares has real utility, whereas EOS is expected to have it in the future).
Without any doubt Steem is far superior... i like it very much, but it will become best when we are instantly able to convert fiat to Steem and vice versa directly without involving any other crypto in between...
Google doesn't seem to know what Steemlocal is...?
" it is not that hard to setup an Steemlocal" it could be made in the future...
Ah. Well that explains it... was hoping it already existed. Someone should go do that. :P