Why do my alts crash?

But alts shouldn't be losing BTC value.

mostly due to people leaving the market entirely
when btc is shaky they just cash out

Guys haven't you figured out the formula yet?

BTC pumps = alts dump
BTC dumps = alts dump

Holding alts in a bear market is retarded.
Convert to btc and hodl until the trend is up again.

Btc/usd goes down, alts/btc also go down.
You are doubling your losses by holding shitcoins.

Prove me wrong

BTC crashes and dies = money is redistributed into more worthwhile coins

>Prove me wrong
See: Alts aren't only bought with BTC.

>Alts aren't only bought with BTC.
a large majority do
im willing to bet it's like 90%

> btc goes down 30%
> alt goes down 30%
> sell my alt for btc, sell btc for cash
> realise ive now lost over half of my net worth

holy fuck im an idiot

but eth and ltc value is measured in sats. Its price is relative to btc. Damn you are stupid

Why would you ever do this

>a large majority do

Have you ever been on Binance? Everything that BTC can buy, ETH can also buy.

>eth and ltc value is measured in sats

What? Why would ETH and LTC be measured in sats when they be bought for fiat? Feel free to explain.

when they can be bought*

Altcoins tend to plummet even further down than BTC, because they're punished twice.

>Altcoins are priced in sats
>As BTC goes down, the sats decrease in USD value
>Weak hands cash out of altcoins, which makes the altcoin lose value in sats as well

So BTC loses USD value alone.
Altcoins loses USD value + extra sats on top of that.

>Buy in the dips, I just snagged 1k verge @ 1600.
>DIP
>100x since last month
ohh boy u will fail hard

the price in USD (fiat) of eth/ltc comes from its price in satoshi and the current price of BTC. Thats why it goes down in USD when btc falls. Are you newfags really this stupid?

I really cannot wait for their stick house to fall down around their heads, this shit is getting old and it's only bringing the most cancerous traders into crypto.

>the price in USD (fiat) of eth/ltc comes from its price in satoshi and the current price of BTC

Can you prove this or are you just pulling shit out of your ass? I'm guessing the latter since all you really do is throw insults like a child.

but when everything is green they pump twice as hard as bitcoin
if you're bullish on cryptos then you should be in alts
these dips are the exception not the rule

nigger, let me break it down for you since you seem to lack even basic common sense & math skills.

Current Eth/USD price: $638
Current Eth/btc: 0.04924
Current BTC price: $13013

13000 x 0.049 ~ $637 (current eth price)

if ETH stayed at 0.0492 sat and BTC fell 20%, then the USD price of ETH would also plummet 20%. This shit ain't hard to understand

Okay, now for my next question. Why is their price taken from value against Bitcoin?

i noticed normies simply cant wrap their head around the fiat/btc/alt relationship
yet it's probably one of the most important concept in trading with cryptos

Join the pump discord chat and get easy profit. If we work together it will be easy to drain the normies...

discord.gg/AVTEpC6

cause thats what people buy etherum and every other shitcoin with. Yes many tokens are paired with ETH, but people bought that ETH with either BTC or fiat, and the fiat price is equivalent to buying btc->eth

Because people are TRADING into BITCOIN to cash out brah

>cause thats what people buy etherum and every other shitcoin with
But Ethereum can be purchased with fiat.

>the fiat price is equivalent to buying btc->eth
That didn't answer my question at all. I'm asking why everything is measured in sats. Isn't the whole point of cryptocurrency to be "decentralized". Seems like everything is centered on Bitcoin.

Brah, anything that can be purchased with fiat can also be sold for fiat.

>I'm asking why everything is measured in sats
because btc is the first coin and most markets use it as the standard currency

Cause btc is the first crypto and is what people bought into. The USD value of every other crypto depends on btc price in satoshi.
BTC goes to zero, so does the usd value of every shitcoin out there, regardless of the fact you bought it fiat. Doesnt matter, you lose your money as well

Idiot.

Because theyre priced in bitcoin you fucking brainlet

Stop gambling on cryptos you utter moron, its not investing

mine are going up
discord.gg/AkG8Dkk

>why is everything measured in sats

holy shit you should /goback/ and never return.

coinbase and the exchanges can always decide to use another coin as the standard currency but I just dont see that happening anytime soon if ever

it would need to be a unanimous decision

this is why you cant bet against bitcoin no matter how outdated and useless it is tech wise, because there will always be a demand for it as long as people still trade cryptos

All my alts trade in ETH. Dunno what shit you're buying.

but your total usd value is calculated through btc you brainlet

most alts also trade in ethereum, and you can buy ethereum directly with fiat on every normie exchange...it's also way faster and transaction fees are next to nothing. it's complete bullshit that the whole crypto market is so dependent on one archaic shitcoin.

lets see how much your ETH is worth in fiat when btc goes to 8k