[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 23 KB, 999x569, bitcoin_crash_28Mar2014_0836.png [View same] [iqdb] [saucenao] [google]
6039392 No.6039392 [Reply] [Original]

Is it possible for BTC to slowly bleed out to say $10k but ALTs generally maintain their $ value?

I know this hasn't happened in the past but with BTC dominance weakening and ALTS getting more attention from new investors is this feasible?

>> No.6039483

Alts peak profits taken, money goes to btc, btc peaks profit taken money goes back to alts. I think btc is just going to hover while alts continue to grow. Eventually it will see a surge upward again, perhaps when more money is in the market.

>> No.6039498

>>6039392
no, what will happen is after a BTC pump people will buy back into alts and ride their gains for a while and then when the mass exodus of alts occurs all that profit will flow back into btc, and repeat

>> No.6039566

>>6039483
>>6039498

OK so you don't think this pattern can ever be broken?

The reason I ask is because it's becoming pretty obvious that BTC in it's current state is unusable and the normies are now looking to ALTS and have easier access to ALTS.

>> No.6039676

>>6039392
Alts always maintain their usd value. With btc fluctuations you lose or gain btc, but alts always go back to their "normal" fiat value.

>> No.6039692

>>6039392
yes. but we're not there yet. the whole market still seems like is getting pumped.

>> No.6039700

>>6039566
i obviously wont speak in absolutes, but if you think these scaling issues are unique to bitcoin, you're wrong. Hell with ethereum hitting 1k, gas prices went up from from like 5 to 50, and it's gonna be this way until we get a proper scaling solution that isn't bigger blocks.

I'm not to fussed, lightning has like 10 devs but they're all genius level IQ level protocol devs.

>> No.6039745

>>6039392
Lol, just watch faggot

>> No.6039879

LN in feb will cause bitcoin to break $20k again heading to $5k in the summer, $100k by EoY.

>> No.6039894

>>6039392
Yes it will all bleed out into ETH but BTC will always be around.

Once companies accept USDT crypto will rule the world. Expect paypal and card companies to shitbricks and demand regulation even tho USDT is like virtual crypto cash.

>> No.6040348

>>6039879
20k to 5k to 100k? Did you mean 50k?