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/biz/ - Business & Finance

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7891509 No.7891509 [Reply] [Original]

is because you have your dumbfuck portfolios in alts. If everybody were to sell their alts and move into BTC we'd be able to escape the bear with only newfags being the casualties

>> No.7891531

The major Bitcoin holders are dumping their stash, moron.

>> No.7891546

"if everybody waits and doesnt sell for under 1000000 well all be rich!"

>> No.7891558

>>7891531
Altfags are dumping it too

>> No.7891580

>>7891509
Selling alts for BTC wouldn't affect the BTC/fiat ratio, just the BTC/alt ratio. So people using alts to buy BTC aren't doing anything to offset the people selling BTC for fiat.

>> No.7891593

>>7891509

or what if everybody sold their BTC and moved into alts? what about that?

>> No.7891597

>>7891531
alts can't move up in sats if bitcoin is bearing u fuckboi. are people really that inept they can't see that everything is tied to BTC? for alts to grow they have to tank while btc bulls and then they can fluctuate when btc moves sideways

>> No.7891614
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7891614

>>7891509
what is everyone sold their bodies and moved their alts in their crashing?

>> No.7891616

>>7891558
Bitcoin is what affects all of the other alts, not the other way around.

>> No.7891667

>>7891580
look at the market dominance of BTC

dumping alts would transfer shitcoin marketcap to BTC

>> No.7891680

>>7891667
That's true, and it doesn't disprove what I said. BTC dominance is going up while the BTC/fiat value is dropping.

>> No.7892231

>>7891509
>>7891558
literally look at the eth/btc chart you wastes of life, god damn

>> No.7892516

>>7891546
actually arent they accumulating more?

>> No.7892549
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7892549

>>7892516
whales are

>> No.7892660

>>7891509
Everyone knows that various alts are the future of crypto, not Bitcoin, but everyone also knows to hedge during BTC price movements. So we basically end up with a huge multidimensional game of chicken wherein almost everyone rushes back into their favorite alts as soon as BTC starts trading sideways.