Btc goes up 0.1%
Alts go down 99.9%
The absolute state of this market.
Btc goes up 0.1%
Alts go down 99.9%
The absolute state of this market.
Other urls found in this thread:
There's no such as "cryptocurrencies", only bitcoin.
Oh please, most coins are very stable right now. And once bitcoin is done pumping that money flows back into alts
Means there is no new money flowing in. The only way bitcoin can go up is cannibalizing alts. Which is why it wont go up and if it does it will quickly come down. A majority of alts hit the floor of a dip vs bitcoin which has put the alt market at the stronger position than bitcoin right now. Until traders put more of their bitcoins in to alts or new money starts to flow in to the market, bitcoin is going to be a bear and alts are going to be bull. I dont know how long it will last.
The other thing is because people are so uneducated and slow to figure this out, bitcoin is under a microscope which is making everything even more volatile.
The alts that aren't shit go up still.
i can tell you are new by this statement. Have you had a look at the satoshi charts of late newfriends? You are about to be massively raped if BTC keeps going up like this
>Means there is no new money flowing in.
Exactly. Right now exchanges are trying to get new sovereign fiat (mostly USD, KRW, and JPY) for worthless buttcoins so that they can cash out their Ponzi. You can't buy anything with altcoins and it's hard to buy anything you can resell for large amounts of fiat with buttcoins. The guy who bought a house won on that transaction, for sure.
>Bitcoin is the only cryptocurrency
>can't even spend it
this.
My portfolio is dark green still.
Fuck off with your satoshi bullshit retard. It's about USD and only about USD.
>bitcoin goes to 1 usd
>alts go up in sat by 100000%
Wow, guess we all just got rich!