/biz/ - Business & Finance

>>55198921
Jews

>>55198921
#1

>>55198921
BTC is the S&P 500 of crypto. ETH is Nasdaq

>>55198921
BTC functions as the base money of the crypto-system and expresses the value of the crypto system (its value is ideally such that you could buy every other crypto with the available BTC supply). When its value against the dollar goes down, logically the value of other cryptos goes down, it's as if the dollar lost value against gold: when the amount of gold you can buy per dollar goes down, the amount of gold for which you buy goods denoted in dollars goes down. In this example, gold is the external money and {dollar, goods} is the real economy to which it is "external" (I mean, it somewhat is conceptually external in the sense of not being used a money). In the case of crypto, the dollar is the external money and {BTC, altcoins} is the economy.

>>55198991
Okay, but why?

Because it's the ultimate goal of market makers. In the end, the whole crypto """market""" is there for them to acquire more BTC.

>>55199037
It's just mechanically what happens. Any ecosystem is accorded an external, abstract value, and that value is the value of all the goods in it. The money in it is (ideally) equal in magnitude to it, but with an opposite sign. E.g., just a toy example
>good in a shop: 5 apples
>money: 60 ShopBucks
There's 5 apples to buy, thus the value of those 60 bucks is "-5 apples", though we obviously don't denote the purchasing power in apples, since money's intended function is to buy any good. The apples have an external value too, namely that accorded by the wider economy to apples. Denoting it in dollars, we could say that the value of goods in the apple shop is "15 dollars", which'd make the value of the 60 ShopBucks "-15 dollars".
The two are tied, so if the value of the ShopBucks goes down in relation to the dollar, say "60 ShopBucks = -10 dollars", then consequently, the value of the apples will be "5 apples = 10 dollars".
The linkage exists because the value of money is what you can buy with it. By reducing the value of the money, you implicitly express a judgment that the kinds of goods purchasable with that money are worth less. If there is no demand for apples, there's no demand for ShopBucks (with which you purchase apples, in this example), thus the value of ShopBucks goes down against e.g. the dollar.
Money is also an "entry-point" into an economy (you need to buy ShopBucks to be able to purchase apples; to "enter the apple economy"), in this case, BTC functions as an entry-point into the crypto-economy. If there is less flow via the entryway, the value of the overall system goes down, i.e. people don't want to buy that shit, thus they don't buy what's the gateway to that shit. BTC is purchased less because people don't want altcoins, thus both BTC and altcoins go down in dollar-terms.

>>55199154
>It's just mechanically what happens. Any ecosystem is accorded an external, abstract value, and that value is the value of all the goods in it. The money in it is (ideally) equal in magnitude to it, but with an opposite sign. E.g., just a toy example
>>good in a shop: 5 apples
>>money: 60 ShopBucks
>There's 5 apples to buy, thus the value of those 60 bucks is "-5 apples", though we obviously don't denote the purchasing power in apples, since money's intended function is to buy any good. The apples have an external value too, namely that accorded by the wider economy to apples. Denoting it in dollars, we could say that the value of goods in the apple shop is "15 dollars", which'd make the value of the 60 ShopBucks "-15 dollars".
>The two are tied, so if the value of the ShopBucks goes down in relation to the dollar, say "60 ShopBucks = -10 dollars", then consequently, the value of the apples will be "5 apples = 10 dollars".
>The linkage exists because the value of money is what you can buy with it. By reducing the value of the money, you implicitly express a judgment that the kinds of goods purchasable with that money are worth less. If there is no demand for apples, there's no demand for ShopBucks (with which you purchase apples, in this example), thus the value of ShopBucks goes down against e.g. the dollar.
>Money is also an "entry-point" into an economy (you need to buy ShopBucks to be able to purchase apples; to "enter the apple economy"), in this case, BTC functions as an entry-point into the crypto-economy. If there is less flow via the entryway, the value of the overall system goes down, i.e. people don't want to buy that shit, thus they don't buy what's the gateway to that shit. BTC is purchased less because people don't want altcoins, thus both BTC and altcoins go down in dollar-terms.
Okay, but why?

>>55198987
Which is the bnb and link?

>>55198921
Cause bitcoin is a store of value and all other crypto is speculative nonsense that exist strictly to be inflated by McDonalds paychecks

>>55199037
trading bots

>>55198926
It's always jews. We need a Hadrian. Somebody that just kills them

>>55199456
Delusional BTC fags

>>55199456
Why what?

bots
find out who owns the bots with the most influence and you have your answer.

>>55199550
I think he means why does every crypto seem to move at the exact same time. I would be curious to know how much of the market is traded by bots and how much is actual humans

>>55199584
The altcoins don't move magically. The bots are the transmission mechanism.

in my theory, bitcoin is the benchmark asset in other words it's the indicator to market health. if it's red it means it's bear market so when it dips people psychologically are wired to think every other thing will also dip and start selling. vice versa.

>>55199540
Kek

>>55199666
Checked and kek'd

>>55199479
Link is the JCPenny