/biz/ - Business & Finance

>>25562050
For this BTC needs to pump as high as possible. The higher the better. At some point, it is a certainty that BTC buyers will be exhausted and were overenthusiastic of BTC vs Altcoins.

Generally, there are three connected buckets of value: Fiat BTC and Altcoins
Right now a very strong current flows from Fiat ---> BTC and moderate current from Altcoins to BTC.
At some point, the money streams are always reversing. Also, institutions will get into Altcoins it's just that they are not smart and greedy enough right now.
Besides current sentiment being bad XMR is a very good position to profit from all of this.

>>1587504
Maybe there is a significant correlation to some asset class but probably just by chance (p-hacking).
Of course, BTC moves with certain FX pairs since they determine BTC's price and if important FX pairs move then BTC has some reaction to it.

Just think who trades BTC. Why would there be any "smart" logical correlation to anything?? E.g. very few people trade BTC with Oil, Gold, Stock market, Macro factors etc. in mind. There are almost smart money players at work that enter trades based on relative BTC value. Right now BTC is way too tiny for them.

>>1471884
>Did you know about the XMR news early or you just supported the coin in general?
Have held the coin for a few months before.
I have a portfolio of five coins (currently BTC 25%, XMR 19%, MAID 23%, FCT 12%, Agoras 21%) so there is some diversification but not too much. One can keep track of news and profits still depend on individual coins rather than the average of all Altcoins.

However, it is still diversified enough to protect against freak drops. E.g. if XMR loses 50% of it's value the portfolio only goes down by 9.5%.

>He didn't major in STEM

Enjoy being a peasant

Feels good being STEM master race.

Daily reminder if you're not majoring in STEM then you're a degenerate