Nothing to rejoice in BTC price fall. If there is loss in confidence in it as the protocol on top of it will hurt XCP too. Building on BTC has made XCP slow and cumbersome, the only advantage being able to use BTC directly.
It is the only hurdle that prevent XCP marketcap to instantaneously rise x 10 at Nxt or Bitshares level. People think that XCP can grow only when BTC is used by almost everybody in earth for buying food and clothes.
I think BTC and its blockchain is far better for finance, official transactions and proof of belongings than for everyday transactions.
1/ Altcoins are already anonymous, instant, etc. They are theorically perfect for everyday transactions.
But I will never issue stocks on other altcoins, whereas BTC is the only to have a legal existence in most countries. I heard that there even were a mariage on BTC blockchain lastly. The level of confidence needed in payment instrument in finance is enormous.
2/ Slowlyness is relative. If buying a house or a yacht, I prefer the most secure system to transact, able to transact millions safely, but not ultra instant. Where I live, this kind of transactions needs 2 months for administrative times to complete anyway. So what is the point with 10 minutes wait ? Will you really accept to be paid in more volatile and unsecure altcoin ? Which coin is likely to become the only legal one ?
3/ Other reason is governments won't recognize and legalize every coin for some kind of official transactions or proof of belongings.
I think they will stick now to BTC now. it was a 5 years fight. They have no reason to accept that ultra-legalized finance world use what they want to issue stocks, for example. They can say they need to control finance, so only one decentralized instrument should exist for some operations.
Reversely, they won't replace BTC by another new altcoin now. What will be the reason to accept a unsecure or more volatile coin now, and at least before years ?
XCP value = BTC value as a money + BTC blockchain value and exploitation.
Even if the first part of equation is slightly going down while being more and more accepted, the 2nd is about to soar.