Can someone explain this to me? >Bitcoin goes down in fiat

File: blinder.png (302KB, 565x424px) Image search: [Google]

302KB, 565x424px

>>3421807
Bitcoin is the base unit.
Ignore the p&d fiat shitcoins

>>3421831
To some it is, to others its arbitrary.

Even so, it doesnt make any sense, in any way.

>btc moons
>alts tank
>btc dips
>alts tank
Trading in strictly crypto pairs is a meme.

>>3421901
From what I've seen that's a meme. In terms of USD/FIAT, altcoins moon when bitcoin moons, they tank when bitcoin tanks.

However, the opposite is true for direct altcoin/bitcoin pairs.

>>3421807
>If bitcoin as a whole loses strength, shouldnt the altcoins gain value vs bitcoin?
Theoretically, yes, many of the altcoins should have value independent of BTC and that would cause them to rise relative to BTC when BTC is falling. The fact that the opposite happens just shows you how young and inefficient the crypto market is.

>>3421807
>USD losses value compared to EUR
at the same time
>USD gains value compared to GBP

learn to forrex

>>3421931
>learn to forrex
Good luck playing forex with that strategy. Common frame clusters should tell you that your theory simply isnt true.