/biz/ - Business & Finance

>>28698124
People put money from alts into BTC

>"oh this coin is rising! I will sell my other coins for this"
Bitcoin rises and people sell their coins for bitcoin

>>28698124
arb bots on centralized exchanges

>>28698124

> explain like I’m 5

Time to go back faggot

>>28698124
Many bots sit on X/BTC pair, ready to dump X for BTC if the winds change.

They do it in unison since it is beneficial to act early on dumps.

>>28698124
>btc goes up
>alt holders don’t wanna miss that
>they sell their alts and move it to btc
>btc price goes even higher while alts bleed
answered only because you posted a qt

>>28698124
>ELI5
Have an updoot!!

>>28698124
cuz BTC is the ultimate faggot coin

>>28698124
You will never get a GF that pretty, she would rather stay single for life and get fucked/dumped by 1000 Chads and live as a stressed out single mother on welfare than ever give you any chance.

>>28698294
Im going to assume people doing that live in countries where Crypto to Crypto isn't a taxable event, because that would be insane if done here in Australia, where C>C is taxable.

>>28698302
thank you, kind stranger! :D

>>28698124
Why does she look like she's 80

btc/usd
alts/usd
alts/btc
alts/eth
btc/alts

it's all fractions. one rises another falls. very rare for alts and btc to rise together.

>>28698479
>she
that's a man

>>28698360
Unfortunately this is too real. Most women would rather die than date anyone on biz.

>>28698360

my ex was a whole point prettier than this chick. shes got a granny face

>>28698124
when the king moves the plebs get out of the way and bend the knee

>>28698294
>>28698181
No way are people stupid and poor? It’s gonna hit 50k but either crab to 52 or plop back down to 47. Alts deserve better than this

>>28698360
You are kidding yourself. That chick is not attractive.

>>28698124
Alts value is relative to btc. There was a time before when we thought ETH might flip with btc, and they moved somewhat independently..and they still do at times, the value generally revolves around btc. What are all the wallstreeters buying in on first (for now at least)?

>>28698715
we never thought that maybe you did

>>28698657
not stupid, pretty sure those are bots that follow market trends. They will get back into alts when btc goes down or crabs.

>>28698658
>>28698643
>>28698479
Better pic

>>28698124
The reality is that your satoshis are worth more in fiat value, which creates flucuations in the alt market, if bitcoin goes up, it doesn't mean all shitcoins are also worth an increase in value

>>28698124
Game theory says the plebs gotta lose (most of them are in alts/shit coins)

>>28698124
>Explain like I’m 5
It's ok, just put in in your mouth for a little while to make daddy feel good

>>28698788
Whatever you know what I'm talking about, or you weren't around then.

>>28698124
it's built in to Bitcoin's protocol (it's in the white papers)

>>28698883

Whale clubs sell alts and buy btc. As simple as that.

>>28699221
she looks dangerous ngl

>>28699221

she's not bad looking anon she's just not especially pretty. her lips are thin and her eyes are kind of owl-ish

i am certain plenty of guys on here are dating or have dated prettier broads

>>28698124
>People see btc spike
>People convert alt coin to btc
Now it gets to the fun part for the more brighter of the bunch.
>Spike ends and it is falling
>People convert btc to alt coins
>Saw a 5% increase in profits from when they put in, to pulled out at best profits.
People that held? Will most like hold.

Those who were smart sold alt coins while still at a profit. Waiting until spike suspected peak and re-purchased the alt coins after they fell -10% or more in total value of what they had when this all began. Now they make 10% profit + more if it was already dipped when it all began. Why do the sell instead of switch over? In case btc was not spiking you dont risk anything.

>>28698124
>>28698657
>>28699221
what's her onlyfans?

>>28699477
Whatever

>>28699540
Fuck so I guess alt season really is over

>>28699221
>>28699602
okay just post her onlyfans already so i can find the leaks

>>28699692
She’s a good girl, she doesn’t do any of that. Stay on topic too.

>>28699602

I still would hit it friend, your taste is good

>>28699681
Nope, alt season is going to go nuts. BTC has a huuuuge $50,000 barrier. Tons set to auto-sell. People will sell earlier or convert btc to alt before that time. the alt coins always goes back to their peaks in a matter of days. btc.. well this is a good test of how fast btc will.

>>28699101
stop pretending you are an oldfag you fucking newfag! eth was so late in the game its not even funny

>>28698124
because alts are traded in btc. ALT/BTC.
so when BTC rises, alts fall in terms of sats.
then weak handed faggots see this and sell, so it falls more.

>>28698124
Daddy bitcoin needs to take life energy from mommy shitcoin in order to grow bigger.

>>28699602
give her name faggot

>>28700823
Don’t want her sullied by you

>>28698124
BTC is more valuable in the longrun than any shitcoin and bots accumulate BTC.