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/biz/ - Business & Finance

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58265139 No.58265139 [Reply] [Original]

>entire market is still dependent upon Bitcoin
This doesn’t seem like a very good system guys

>> No.58265161

>>58265139
It doesn’t seem to be that way anymore, at least not with the alts I’m holding. I have been surprised by it this cycle, but good alts are holding price and still pumping.
T. Avi and Apu maximalist

>> No.58265167

>>58265139
>btc iscrashing, that means my utility token that isn’t btc no longer works
Yep normies are retards

>> No.58265169

>>58265161
Those are meme coins not alts

>> No.58265171

>Apu & Avi maximalist
Okay and can we get some replies from those of us who aren’t Indian

>> No.58265180

>>58265171
kek pakifaggots destroyed

>> No.58265186

>>58265169
I know you think you’re smart, but you aren’t. I’m not trying to shill you my shitcoins. You should pay attention to what isn’t dumping today though because the market is trying to tell you something

>> No.58265197

>>58265171
You want advice from people losing money today? Good strategy. There’s a lot of alts holding up.

>> No.58265234

>>58265139
it doesnt just "depend" on bitcoin, its entire existence is because of bitcoin. Only the btc/usd pair matters, everything else is derivative from this

>> No.58265242

>>58265161
>>58265186
>>58265197
I even own AVI but you're the fucking retard thinking a single microcap eth token says anything about the wider crypto market

>> No.58265260
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58265260

>>58265161
>>58265186
>>58265197
>>58265186
>>58265197
Dude those are still shitcoins I wouldn't call them alts. It's not that they are "smart" it's simply that they are on the far end of gambling and don't really follow the market.

>> No.58265318

>>58265242
I’m suggesting that this cycle, midcaps are more detached from BTC movements than we’re used to. I’ve been noticing this for a while and changed my strategy this run. It’s been working well for me. Anything on major exchanges is going to move with BTC in a more exaggerated way, they always have. Midcaps are not the same sea of red right now though.

>> No.58265501

>>58265186
Nigger I’m just saying they’re not alts alts mean alternatives to btc

>> No.58265511

>>58265318
memecoin contracts on eth not moving with btc price doesnt mean they're good holds because of this. A month from now btc could be hitting new ath's and these memecoins dumping 80% in a day, so them being stable now is hardly an indicator

>> No.58265528

>>58265161
You guys say the same shit every year and it has only happened with chainlink
If BTC dumps, everything dumps even harder

>> No.58266091
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58266091

>>58265139
that's what worries me sometimes, BTCfi is supposed to be built to be an L2, on top of BTC, but what if BTC crashes? should not all L2s be independent or something?

>> No.58266147

>>58265528
biz favorite collective activity is to speculate and go schizo paranoid on every fart btc shits

>> No.58266157
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58266157

>>58265318
I've noticed almost the same thing, cant put it into word, but your comment is pretty spot on

>> No.58266196

>>58266091
if using another platform to make another one, if the bottom crumbles all thats over it will fall, basic logic, cant expect anything else

>> No.58266207

>>58265234
so, is stupid for biz to actually want btc to crash

>> No.58266210
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58266210

>>58266207
like soothing yourself on the dick

>> No.58266253

>>58265511
Well yeah, obviously. Previously cycles though, midcaps would get absolutely slaughtered when BTC corrected. It was like a race to get out first and tether before any drop. Made accumulating bags very frustrating. It probably has a lot to do with moving from traditional order books to AMM dexes and also new market entrants who are more likely to be in midcaps just don’t give a shit about BTC

>> No.58266491
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58266491

>>58265139
Correlation does not imply causation.

>> No.58266494

>>58265318
you haven't been around long it seems
we are not at all during the real "bullrun"
this is the setup before the euphoria