If BTC falls to 2nd in market cap, does that hurt all crypto?

[flanman]

If XRP, or another crypto overtakes BTC in market cap, I can imagine the headlines:

BTC FALLS TO SECOND!
BITCOIN BUYERS FLEE FOR OTHER COINS
BITCOIN BUBBLE ABOUT TO BURST?

I imagine a panic sale would ensue, as everyone realizes the emperor has no clothes.

Is this likely? Would a major BTC crash hurt the entire scene?

[MilNoslen]

I could imagine all the bubble FUD and posts. But COT DAM ELIZABETH, RIPPLE TAKES FIRST WE ALL WIN!

[Guest]

Hmmm...I wonder if that is what might cause the market to correct itself. Where the useless tokens really go away and everything that is left is looked at with a fine tooth comb. 

[MilNoslen]

5 hours ago, DrWhoAmI said:

Hmmm...I wonder if that is what might cause the market to correct itself. Where the useless tokens really go away and everything that is left is looked at with a fine tooth comb. 

I'm sure people will stop blindly buying any random ICO now. Altcoins will have to prove their utilities in this world.

[Pluto]

We just need BTC to live on till the challenger reaches 1 trillion at no-spot (my bets are on XRP). After that BTC will no longer be remembered as the Poster Boy of Crypto.