I always consider Bitcoin's price as an indicator of the masses' opinion on crypto as a whole, since some consider it to be more or less an equivalent of real-life gold - no direct use but valuable.
But honestly, it doesn't concern me in the slightest if it goes down. I think it's overpriced as is and needs some kind of correction. BTC had been on an uptrend for quite some time and by comparing it to other cryptocurrencies, one would realize how inefficient and useless it is.
Just comparing the opportunities $1K worth of BTC would give you to the usefulness of $1K worth of Hive, for example, would raise the question: why is it even traded at this point?? Illegal stuff/Traders' influence would be my guess.
Then again, I'm just a dev who sees more potential in a coin such as Hive than Bitcoin...
Yea but crypto doesn't follow logic. :)
Yea, unfortunately, that's what is happening these days. I really hope people would look deeper in the "tech" side of crypto rather than the "trading" one...