/biz/ - Business & Finance

When BTC rallies, why do people dump their alts to get into BTC, when they only gain a few percentage points?

For example, even if BTC goes up, it needs to reach the lofty price of 30k to make even 50% gains, meanwhile some altcoins regularly increase by that much every couple of days.

Is there something I'm not getting? Because BTC breakout = altcoin fire sale for me

How do I short bitcoin?

>>4929480
timing couldn't be more perfect.

>normies rush in excitely when they hear bitcoin is at 10k
>bubble immediately pops
>potential normie investors leave heartbroken

I think this will delay the normie hordes for at least another year or so. Meanwhile I have plenty of time for accumulation.

>alts crashing because daddy bitcoin is mooning
>when the bubble pops and daddy bitcoin crashes, alts will crash even harder

If you're in alts, just cash out now and wait for the correction

The bubble popping is going to be even worse for alts

>>4720545
Regardless what TA is, it's outdated.

Whatever trends us humans can spot using TA are peanuts compared to what machine learning and statistics can see

>>4670547
Look at crypto. Run by Whites and East Asians, with some shitcoin pajeets.

Where are the niggers and hispanics?

This is the group you actually want to be in. Got some excellent trade signals on upcoming rallies, so you don't have to depend on hoping your shitcoin will moon:

https://discord.gg/eQ3NX3g

>>4629679
Worldwide crypto adoption rates correlate with the IQ of each race.

East Asians
Whites
Browns
Niggers (where crypto is unheard of)