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re: Official CryptoTalk Thread
Posted on 5/26/19 at 9:43 pm to mtcheral
Posted on 5/26/19 at 9:43 pm to mtcheral
quote:
The basis of what you are trying to gain with alts is BTC
Not true, bitcoin plays a role but what I’m ultimately after is dollars. Bitcoin could collapse tomorrow but that doesn’t mean my investments are tied to it. If that were the case all you would need to buy is bitcoin.
This post was edited on 5/26/19 at 9:52 pm
3
Posted on 5/26/19 at 9:57 pm to Dellybelly82
The only way you know what your bitcoin is worth is through the dollar. It has to reflect a dollar price, how else would It be valued?
Posted on 5/26/19 at 10:24 pm to Dellybelly82
If bitcoin tanks your alts won’t be worth shite
Posted on 5/27/19 at 3:58 am to Dellybelly82
Your crypto investments are 100% tied to BTC. The reason you buy altcoins is because there is hope that they will go up 1000% in value, unlike BTC which is only (lol) 122% away from all time high
BTC up = alt coins sell
BTC down = alt coins sell
BTC flat = alt coins increase AGAINST BTC
BTC up = alt coins sell
BTC down = alt coins sell
BTC flat = alt coins increase AGAINST BTC
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