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29736877 No.29736877 [Reply] [Original]

how the fuck does BTC cuck every alt market? like how? serious question

>> No.29737118

You must be new here

>> No.29737132

arbitrage bots

>> No.29737327

>>29736877
fucking newfags. Everything is priced in sats, when btc dumps the sats are worth less, so unless your shitcoin is pumping in sats right now its going down in usd. Simple right?

>> No.29737449

>>29737327
that’s not how wsb explained it. are we diamond hands here?

>> No.29737635

>>29737449
assuming this is not bait, no we're fucking not, this is crypto

>> No.29737699

>>29737327
This doesn't explain anything. All you said is price goes down therefore it goes down. Doesn't matter what currency you use.

>> No.29737903

>>29736877
BTC is a fleeting store of value that whales use to exit alts and retain value. When the price of BTC dumps people start exodusing from alts -> BTC knowing it’s the most likely to pump first post-correction.

It’s a continuous flow of money and once it pumps the money will recirculate into altcoins.
>bitcoin dumps
>whales exodus whales into BTC / ETH at high ALT : SAT / ETH ratios
>values leaves alts
>SAT / ETH / USD value plummets
>bitcoin pumps
>whales buy back into alts at a lower SAT / ETH / USD value
>alts pump
>rinse
>repeat
Bitcoin is no longer a P2P digital currency, it’s a safe haven during corrections due to the way the market BTC and ETH pairings work.

>> No.29738101

>>29737699
let me put it other way.. the only thing giving your shitcoins any value is that they can be traded against btc at a certain amount of sats. Yes you can buy them directly with usd but that usd value comes from multiplying their sat value per btc current price. When btc drops and your shitcoin retains sat value, its usd value drops. When btc dumps and your shitcoin goes up in sats, its usd value remains stable. Usually this is what happens >>29737903

>> No.29738162

>>29736877
it just does. just like dHEDGE will cuck your holdings

>> No.29738173

>>29737903
>ETH
irrelevant

>> No.29738223

altcoins only have any value because they can be traded for bitcoin
bitcoin is the only coin with real fiat exchange, eth a little bit but mainly bitcoin
the rest should be easy to figure out

>> No.29738265

the entire crypto market is a sympathy play around bitcoin with some small individual pumps

>> No.29738341

>>29738173
Even BTC maxis admit ETH is primed to pop this year. Without manipulation we’d already be at $2200.

Those who were here in 2017-2018 remember we had a few rare instances of ETH running +20-30% in a day without BTC and the market makers went into an absolute panic. It matters, just less so.

>> No.29738378

>>29738341
ETH is broken

>> No.29738386

>>29738101
youre fucking retarded, i think the question was why do they drop in sats

>> No.29738467

>>29738341
>ETH moons
>1k gas fees
Never happening.

>> No.29738531

>>29738378
>doesn’t realize people still paying the gas indicate the value of services rendered
Smh anon NGMI. Bet you think DOT or BNB’s gonna flip ETHH when in reality the chinks are trading their centralized trash for alts / BTC + ETH at highway robbery rates

>> No.29738624

>>29736877
because this market is still early and retarded.

everyone thinks "sats matters" so as soon as bitcoin goes down 1% all retards in alts just swing their entire stacks into btc when infact alts can outperform it and always does.

They are just afraid of a alt crash even tho there exists solid alts now that can work without bitcoin big daddy.

btc maxis gonna be buttrekt the day a flippening occurs

>> No.29738644

>>29738386
answered by this guy also quoted in my post retard >>29737903
whales dump in sats expecting a btc pump, because btc pump will drop their sat value even more so they can buy back in at profit

>> No.29738809
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29738809

>>29738101
i think you don’t understand crypto and that you should stop calling people newfags. it won’t give your mud house electricity

>> No.29738868

>>29738644

>bitcoin pumps
>whales buy back into alts at a lower SAT / ETH / USD value
Yerp

>> No.29738894

>>29737903
Nah its obsolete dogshit thats going to zero and the alts are going to flip it if you like it or not.

>> No.29739093

all my money is in alts, shuld i keep them there? compared to the last bullruns these alts havent hit that all time high. the keep fucking going up and down with BTC. also im in LOOM CVC & DNT.

>> No.29739094

Crypto is like a bunch of schoolgirls, and BTC is the most popular one. They are all, in essence, a hive mind. Within this system a small hierarchy might exist and some individuals rise and fall, but ultimately it does not matter.

You cannot really diversify crypto, as you could, for example, stocks, by investing in unrelated businesses.