Alts running out of steam, money flooding back into BTC

Take profits now if you're smart. Don't say we didn't warn you though.

>BTC drops another $100 since being posted

But it just started!

OP is trolling you mongs

candlesticks go in cycles and this cycle is far from over

It's literally been 30 minutes user.

kek. You don't seem to understand how slow market sentiment is to catch on.

Enjoy the drop back to $3000.

Screenshot this thread for tomorrow when you see the (((news))) and BTC is $6800 and climbing.

the news will be about how nobody remembered there wasn't any replay protection with this fork, so thousands of people tried to sell their BTG and accidentally drained their BTC wallets.

oh god the pink wojaks will be unlike anything ever seen before

lol holy fuk. would be amazing just to watch the reactions

Oh shit. What would that do to the price of BTC though?

well it would be hard for it to go up when people realize it's a completely broken and unusable network

That's not how exchanges work though.

sure a lot of people have their coins on exchanges, but the most common advice before a fork is "keep them in your own wallet" and there will be plenty of those

I don't get it. Why did every altcoin, including shitcoins, went at least 5%, 15% on average?
What the actual fuck?

all smart investors are exiting bitcoin and they need other coins to move the BTC into, and they may as well make some bux in the process

bitcoin loses the ability to produce a bitcoingold, if bitcoin has literally any value at all then bitcoin losing that ability and an asset degradation and you'd expect a value slip, people are trying to get out immediately after getting their coin to get their cake and eat it too.

This will be nothing compared to the scale destruction that will result from the NYA group of Bitcoin attackers actually following through on the S2X contentious hard fork next month.

so hyped

Coins are measured in BTC value. When BTC drops 7% and an alt goes up 5%, it overall lost approximately 2% of its value relative to USD. If your alt isn't up at least 25% right now, you have no right to claim to be on a moon mission.

I would normally expect any Bitcoin change negatively affecting the price until it stabilizes, or a less coordinated price increase.
And yes, they're recovering so far in that proportion.