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/biz/ - Business & Finance

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29543032 No.29543032 [Reply] [Original]

>Bitcoin does ANYTHING
>Entire crypto market follows in lockstep

How the FUCK can you deal with this shit? The entire crypto market is literally dependent on fucking Bitcoin and there is NO legitimate reason for it.

>> No.29543084

>>29543032
stocks are the same
earlier today everything tanked and all charts looked the same

>> No.29543224

>>29543032
Bots. That's the main reason.

>> No.29543344

>>29543032
>No legitimate reason
Crypto is bullshit there's your reason

>> No.29543402

>>29543032
I literally lost 20% of my boomer stonks because of Bitcoin crash.

>> No.29543557

>>29543084
Not AMC
12% gainz

>> No.29543746

>>29543032
there is a reason for it: bitcoin has a market dominance of 62%.
until other cryptos start growing and taking a bigger pie of the entire crypto market, bitcoin will always have a rippling effect whenever it moves

>> No.29543799

>>29543746
This. OP is a retard. All crypto relies on Bitcoin. If Bitcoin fails it all fails. It is literally 2/3rds of the entire market.

>> No.29543801

>>29543032
I think arbitrage bots are a big part of it

>> No.29543846

>>29543032
I'm so fucking sick of it. I may as well just pull out of everything and put it all on BTC.

>> No.29543935

>>29543846
You won't and we all know it

>> No.29543964

>>29543032
When you opt in to a product traded on a market, you opt in to the market. Simple as. Wish I had anything else to tell you.

>> No.29544902

>Bitcoin trading for 1:50000 ADA
>ADA trading for 1:1 usd
>Bitcoin somehow instantly dumps to 1:45000 usd
>Bots scramble to swip swap trade ada for usd and to btc to either buy or sell at a better deal

Theres also a lot more then just 3 pairs.