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4887419

Anonymous Fri Dec 8 11:15:30 2017 No.4887419 [Reply] [Original]

Why are altcoins mirror opposite of BTC?

>>	Anonymous Fri Dec 8 11:17:52 2017 No.4887478 >>4887419 it will stop being opposite once btc isnt paired to every coin on exchanges

>>	Anonymous Fri Dec 8 11:20:06 2017 No.4887522 >>4887419 As bitcoin goes up, the per unit price of an altcoin goes down, which depresses its value.

>>	Anonymous Fri Dec 8 11:20:52 2017 No.4887539 >>4887419 shekels are going from one to the other. zero sum game. there are people bringing new money but your gain is their loss, unless more retards dump bills on the fire

>>	Anonymous Fri Dec 8 11:21:17 2017 No.4887547 >>4887478 Ah that makse sense.

>>	Anonymous Fri Dec 8 11:45:05 2017 No.4888039 >>4887522 >>4887478 this

>>	Anonymous Fri Dec 8 11:47:56 2017 No.4888097 >>4887419 Because they're valued in USD but traded in bitcoin Bitcoin goes up in usd, alts go down, but they keep their usd value