As we know, bitcoin gains value -> alts crash. Bitcoin loses value -> alts crash. Can anyone come up with a scenario in which alts are the winners? If I don't want to hold btc/eth/ltc, is the next best thing to cash out? This is probably the one and only reason everything is down so much. If so, the next 20 days will be even darker for any coin without imminent news.
Look at where alts are now. Anybody buying btc will think about buying alts because of how bloody the situation is atm. Once that trend starts and prices start moving, who knows whatll happen
>>2740968
But there is absolutely no reason for that trend to start until something changes. The only thing that can change is Bitcoin news, which comes next month. Many coins already lost over 50% of their value, and I see no reason why this isn't going to continue for the next 3 weeks. They may be cheap, but nobody is buying.
ye... nobody is buying alts, what a crap.
>>2740956
buy ltc now its gonna rise till aug1 bc ppl gonna use it as a hedge dump it 1 day before and buy alts
>>2740956
LTC is your only hedge besides fiat right now.
>>2741140
>fiat
>not shorting
anon i...
I'm holding 1k ANS. I think I'll hold on because there's a conference coming up in a week. Might cash out after that
>>2741140
Bullshit.. Been hedged on mona, its pretty stable at current price
>>2741178
Degen shills like you is why I would like to find out your private info so I can literally slaughter you.
>>2740956
Is that why btc is near all time high levels alongside alts?
Your argument makes no sense if you look at more than a single day
There's an extremely weak correlation between btc and alts. They basically all do their own thing
IMO in the past alts go up when btc goes sideways. I think a lot of alts have only been pumped for big money to acquire more btc. I think leading up to Aug 1st and beyond you will see most alts getting bled dry with a few good ones mooning.
>>2741159
Ya just like the last meeting worked out for you
protip:
buy BTC any time and hold long term
thank me later
>>2740956
ico's are tanking btc's price so cashout before the big ico companies do and you'll be fine.
>>2741196
You're trash and you should never offer your opinion ever again.
>>2741191
but he's right
since it has a strong japanman following and a JPY pairing it holds up to a good amount of abuse
please dont hurt mona-chan though
>>2741191
Good luck motherfucker
>worked armed gig for over 8 yrs
>am literally trained in all aspects of tactical ass whooping
>own arsenal of high cal weapons
>own level 3 body armor
>voted for trump
U wouldnt be my first takedown u bitch ass fool.
>>2741387
Nice refutation. I really liked the part where you backed it up with data
http://correlation.cryptoalerts.verhoelen.de/#/
Try being less emotional with your arguments. It helps them be more than dumpster-tier