>bitcoin goes up
>altcoins go down
why the fuck does this happen? It doesnt make sense.. shouldn't alts also go up? satoshi is satoshi
>>2537616
people follow the money... cash out of their alts because they see btc rising and try to ride the wave
>>2537616
a satoshi is a satoshi, you cant say its only a dollar
Because it is easier to trade crypto for crypto than fiat to crypto. BTC is the currency to buy alts, and vice versa.
>>2537622
This is literally it
manipulation by the coin creators who hold x% more than you at all time.
they are literally "sweeping the dust" into their pockets, at your loss.
>>2537629
But 0.5 satoshi does not equal 1 satoshi like n64desu
>>2537616
>why the fuck does this happen?
Trick question: the answer is that it doesn't happen except for shitcoins crashing for reasons unrelated to BTC value
>>2537616
Because all shitcoins are traded against the bitcoin, dumbass. All other things being equal, if BTC rises, without a corresponding rise in the inherent value of the shitcoin itself, it's value VERSUS the bitcoin should drop, as the bitcoin is now worth more.
Are all shitcoiners this dumb, or just you?
>>2537667
>>2537622
the only two who understand
>not just bagholding bitcoins and making dosh on autopilot.
stupid altcoiners.
the only question is if i should split btc/eth or all in btc
>>2537667
CP is right, there are only two coins with inherent value, XRP and BTC. ETH also has value, but only because people ascribe value to it, much like gold.
>>2537667
well said
>>2537726
that's not what he meant at all you fucking idiot
>>2537754
XRP is crypto of banks, BTC is crypto of the common man. What else is needed to normalize funds without artificial government minting?
>>2537764
What he meant is self evident because he said it in obvious terms. Alt coins are traded against value of bitcoin, which has inflation/deflation much more rapid than most fiat currencies. There's nothing to explain. I mentioned XRP because it provides a different service. You can see what I said beforehand.
>>2537786
XRP has more bagholders than any other coin which is why I dont trust it or what people say about it
>>2537622
This is why the smart money goes alt shopping when BTC is up