VOLATILITY!!!!!!!!!

StonedTime
StonedTime

MARKETS MOVING
ETH PUMPING
BTC DUMPING
POST YOUR VOLATILITY FACE

JunkTop
JunkTop

COINBASE LOCKED MY ACCOUNT REEEEEEEEEEE

Fried_Sushi
Fried_Sushi

AAAAAAAAAAAARRRRRGHH!

AwesomeTucker
AwesomeTucker

This is my ETH face.

Skullbone
Skullbone

Goddamit, how the FUCK are we supposed to make money off of altcoins if we are forced to convert them to a (possibly future) worthless bitcoin when its time to sell and cash out?

Firespawn
Firespawn

I know right? I've been converting to ETH instead.

SniperGod
SniperGod

Buy ETH and hold or buy BTC and transfer as quickly as possible.

DeathDog
DeathDog

Really dont understand all the people cheering the death of bitcoin. Dont they understand that for the vast majority of coins that BTC is their only link to fiat and real world applications?

BinaryMan
BinaryMan

Im tied up into some very promising coins though... wtf why does this shit have to happen now

FastChef
FastChef

the ETH ride never ends

GoogleCat
GoogleCat

Bought $600 worth of Bitcoin yesterday

Supergrass
Supergrass

Why is this a problem? If you have $100 and you want to cash out and BTC becomes worth $1 you just buy 100 BTC.

Nude_Bikergirl
Nude_Bikergirl

Hold the coins long term until BTC and ETH stabilise. Alt-coins will rise in value in comparison to BTC as its value falls. You should be fine.

massdebater
massdebater

I have roughly 4300 Via Coins valued at .2 BTC which equals about $200 USD.

Lets say then that Biitcoin falls to $5USD right this second- my 4300 Via Coins, still valued at .2 BTC would now be worth about 1$USD.

This is a problem, no? You cant convert your Via Coins or (the majority of) other alt currency directly into fiat. Or am I missing something?

Firespawn
Firespawn

If BTC has no value though, with the exception of ETH, then these altcoins wont be worth shit no matter how "valuable" they are because without BTC you wont be able to do anything with them or apply them to any sort of functional use.

SniperGod
SniperGod

Lets say then that Biitcoin falls to $5USD right this second-

That's a completely different problem to the one you asked initially.

WebTool
WebTool

Viacoin has value independent of BTC. If BTC's value plummets, that just means you'd be able to buy a shitload of bitcoins with your stupid memecoin (if your stupid memecoin didn't also plummet in value).

BlogWobbles
BlogWobbles

Been thinking this too what am I missing

BinaryMan
BinaryMan

My main worry is if Bitcoin goes to shit and becomes worthless, how the hell do I convert my altcoins, which have risen in value since my initial buy-in, back into fiat currency that is proportional to the gains I have made on the charts? I cant do that with a now worthless, valueless Bitcoin.

CodeBuns
CodeBuns

can you convert any of your alt coins into USDT?

farquit
farquit

None of the ones I own unfortunately, no.

askme
askme

whyyyy

Bidwell
Bidwell

I hope youre right, user. I was (perhaps mistakenly) under the idea that altcoins vs BTC remain in a "fixed" comparison (for lack of a better word), indepent of BTC's USD$ value.

likme
likme

independent*

Playboyize
Playboyize

Pivx bois don goofed