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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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4933551 No.4933551 [Reply] [Original]

Ehm. Has anybody realized, every single coin is oscillating at the same beat as bitcoin?

>> No.4933574
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4933574

been trading vtc 51 - 53k all day with gdax and bitfinex open

>> No.4933593

>>4933551
Alright new friend here's the deal. I know you haven't been around /biz/ for long but we dont fucking like commas around these parts. I'm going to let it slide this time but next time your ass is grass got it bucko?

>> No.4933619

>>4933551
This is what I dont understand.

How can news of a coin 'help' it pump if its being dictated by Bitcoins price?

Is this whole thing just an elaborate charade by nu-nerds partnered with expert marketers?

>> No.4933648

>>4933551
wow u must be the next warren buffet!

>> No.4933672

>>4933619
it goes like this
bitcoin hovers within $200 of its monthly price
alts randomly pump and dump based on news and jew trickery
bitcoin stops hovering and starts flying/crashing
alts shit their pants
repeat cycle

>> No.4933682

Probably something to do with confidence. BTC is up so people are confident with their BTC and take more risks with other coins

>> No.4933830

>>4933551
normies think they're all the same thing

>> No.4933845

Yes I've noticed and it proves that altcoins are shit.

>> No.4934211

>>4933551
Not every.
Look at ETH.
BTC goes up, ETH goes sideways.
BTC goes down, ETH goes down.

>> No.4934238

>>4933672

I wish I understood this cycle BEFORE I bought my altcoins early October. Altcoins only go up when BTC is stable. Fuk man it's so obvious.

>> No.4934288
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4934288

I wonder whst happens next. I will never use commas again. Sorry.
Been observing 4chan for a few years.

>> No.4934324

>>4933551
lmao he looks like a ultracuck