Why ALL of the crypto falling just because of fucking BTC falling?

BTC is the only crypto

Rest are scams or copycats

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Because each evaluation is a measure for the news from that project multiplied for the expectation of general cryptocurrency mass adoption

>>3486466
>be BTC holder
>buy altcoin in order to keep its value
But no:
>be BTC holder
>read news
>see it drop
>you are at a loss
>panic sell for USD and cry while eating your soup
Why the fuck are people so uneducated?

>>3486448
Because the market is fucking stupid, irrational and overreacting

You have crypto like OMG that has no involvement in China and 2% of the volume coming from Chinese exchanges crashing even harder than BTC when this China ban should have negligible effect on it

>>3486448
because most people exchange into btc to sell further to fiat

during these dips altcoin money is the first thing people think to drop

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>>3486448

>>3486497
Time to accumulate OMG?

Currently only have 46

>>3486528
Soon, wait for the market to stabilize first.

At this point most people should be aware of Chinese exchanges getting shut down and most would have sold already. There might be more selling over the weekend though depending on the official announcements.

>>3486448
because people cash out of alts to cash out into fiat

>>3486448
because they are worth nothing

>>3486466
Would it be inaccurate to say that in a way the altcoins are backed by Bitcoin?

>>3486489
because people smarter than you and already cashed in on the gainz

>>3486626
to the extent that if BTC fails (in the proper sense, i.e. for another reason than being steadily taken over by an altcoin), everything will fail

While riding a roller coaster, your exit point is the same level as the entry point. If you are scared during the ride, you don't jump off at the top, and neither the bottom

Shitcoiners getting BTFO like they deserve.

Maybe this board can go back to actual investments instead of internet meme coins.

>>3486454
Ethereum ain't that bad

>>3487438
"actual investments" are shit. Enjoy losing it all in the next financial crisis because some greedy kike banker wanted to fuck you over.