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57281259 No.57281259 [Reply] [Original]

Why is the market not following Bitcoin? Its literally the only one that shit the bed now

>> No.57281266

>>57281259
because it's a bull market, retail doesn't want to buy the literal biggest cap coin, and gbtc midwits are dumping

>> No.57281290

Here’s my theory working on the assumption that whales still control the market (to an extent)
>crypto enthusiasts still hate tradfi
>the shittiness of tradfi is what kicked the entirety of BTC and crypto off in the first place
>ETF rumors start to pop up
>pump BTC leading up to it to make it look enticing to retarded tradfi boomers
>immediately dump on them
>now alts that are not accessible to boomers via tradfi will start blasting off
This is my theory

>> No.57281304

Bitcoin was pretty normie, but getting spot ETFs with the biggest investment firms in the United States seals Bitcoins fate as a normiefaggot coin

Now you're going to see altcoins become the "main coins" of the crypto market for actual crypto users

>> No.57281316

>sell alts to buy btc to ride etf pump
>etf nothingburger
>sell btc, go back into alts