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/biz/ - Business & Finance

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23320722 No.23320722 [Reply] [Original]

If Bitcoin went back to 20k, would it cause the entire altcoin market to pump like it did in 2017, or does an alt run have less to do with total market capitalization and more to do with how much Bitcoin multiplies?

>> No.23320783

>>23320722
Yes, the alts would pump because people usually have to buy btc first and then exchange it to alts. So its connected.

>> No.23321367

>>23320722
During the 2017 bullrun you had a lot of chances to buy btc for ~ 1k during the year. That's less than average minimum salary in most places, so it's no biggie, everyone could hop in and have fun. With 1 btc you could buy ridiculous amounts of different alts so the probability of hitting jackpot was pretty high too.

11k won't do it. Too expensive, and you cannot buy a bunch of alts to maximize your chances either because prices are still pretty inflated in comparison.

>> No.23321393

>>23320722
BTC is a turd swirling in the toilet that will soon be in the sewers.

>> No.23322005
File: 1.11 MB, 1080x1920, Chainlink.webm [View same] [iqdb] [saucenao] [google]
23322005

>>23321393
like chainlink?