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/biz/ - Business & Finance

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28934261 No.28934261 [Reply] [Original]

>BTC pumps
>all alts dump sats
how is it possible that this happens every single time, without failure, in uniform fashion? No i'm not new, I just never really understood this even in 2017. For this to be physically possible, it would mean the holder of every single altcoin would have to panic into BTC after seeing a 2-3% gain. Are people this much of sheep, to make moves this predictable? Why would anyone sell their potential 5-100x for a chance to swing into a maximum 2x? The only thing that makes plausible sense to me is that majority of alt trades are done by bots who automatically trade into BTC when it trends up. What am I missing here?

>> No.28934297

>what are trading bots

>> No.28934329

>>28934261
Nothing. You got it.
A lot of bots trade on (insert coin here/BTC pair.
As soon as BTC pumps it triggers their SL.

>> No.28934397

>>28934261
>wat is alt/btc pairing

>> No.28934423

>>28934329
>>28934297
i had a feeling but thats crazy. the people behind those bots are probably making insane amounts of money

>> No.28934458
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28934458

Trading is hell

>> No.28934760

How retarded are you people? Do the math. Ill do my best to help you out.

example:
Your $1 shit coin is worth x sats while BTC is 40k

BTC pumps to 50k so now those x sats are worth 25% more BUT your shitcoin didnt pump and its still $1 so now its worth LESS sats.