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/biz/ - Business & Finance

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10458973 No.10458973 [Reply] [Original]

It seems like it should not because this would only change the sat ratio and not the btc usd price. But I have seen lots of people say trading alts for btc will increase btc usd price. Can someone please explain?

>> No.10459162

Bump

>> No.10459171
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10459171

Is Tether manipulating the price of USD?

>> No.10459188

>>10458973
Demand for BTC goes up while supply is unchanged. The price goes up..

>> No.10459204

yes when you buy ALTs with BTC, BTC's price go down
opposite am true

>> No.10459211

Try to think about them as all 3 different shitcoins and what's happened to the demand for all of them. Then it may make a bit more sense and it doesn't matter if you're trading them for other shitcoins or apples.

>> No.10459239

>>10459204
actually no. btc price is only affected by USD pair

>> No.10459285
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10459285

>>10459239
motherfunker
are we really going to do this

please just say you sorry and stupid

>> No.10459319

>>10459204
How does it effect spot price? Explain.
Only USD effects it.

>> No.10459350
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10459350

>>10459319
>>10459239
ok gonna make chart showing how they correlate since people not see this