/biz/ - Business & Finance

[Anonymous No.2629895]

Can someone explain to me WHY THE FUCK is Bitcoin dropping? And everything else with it?

[Anonymous No.2629899]

Thread theme https://www.youtube.com/watch?v=Uvz-fYbFN_o

[Anonymous No.2629911]

>>2629895
The bubble is bursting. Did you really think exponential growth was sustainable?

[Anonymous No.2630108]

All this trading with altcoins is pointless when Bitcoin dips like this.

[Anonymous No.2631478]

>>2630108
Let me tell you why you're retarded

Since alts' values change relative to BTC and not USD directly, alts have the luxury of being able to completely ignore a BTC dip (if you're not pulling your money out into FIAT like a fucking idiot) and continue to trade alts to make more BTC. When - and I do mean when, because this same shit happened last month - it goes back up, your now-higher BTC amount is worth more in USD and you get a complimentary Lambo.

This is, of course, not possible at all, because retards make the crash worse by panic selling their BTC and pulling their BTC out of alts to panic sell, so most (if not all) altcoins suffer right along with BTC because people are fucking stupid, and instead of holding until it levels out, they think they're going to be ruined, so they fuck it up for everyone.

[Anonymous No.2631552]

>>2631478

>they think they're going to be ruined, so they fuck it up for everyone.

in USD terms, theres a good chance of getting ruined. altcoins have been a bull market inside a bull market, now it will be a bear market inside a bear market.

[Anonymous No.2631583]

>>2629911
It hasn't even begun.

[Anonymous No.2631596]

>>2629895
People want to get their money out of shitcoins like ETH so they exchange it for BTC and sell the BTC, causing a drop in price.