Can somebody plz explain

>BTC paired with Alt
>Price for BTC goes up, price for alt goes down
>mfw I don't get it

Attached: brainlet.jpg (645x968, 46K)

They do not tank for fuck sake.
All alts charts are "ALT/BTC". That means if BTC increases in USD value, all ALT charts "appear" red, since the vertical axle of the charts is in BTC.

This sometimes triggers panic sellers since they see "red" and the alt can actually even lose value in USD because of this.

Pretty much this. The amount of dumb money in this game is crazy.

because BTC value is pumping in value faster than the alts
the value of say BTC/ETH increases faster than the value of the shitcoin, so a greater value deficit between the two grows.
maybe this goes on to trigger a panic causing alt holders to FOMO back into major coins, because buy high, sell low, right?

i like how there is no shortage of brainlets pumping money into this market WITH NO IDEA HOW IT WORKS.

>thinks every shitcoin has a bot.
>the absolute state
these

it is extremely simple to understand. I would imagine that an alt price could even go up in usd and down in sats at the exact same time.

but if botcoin goes up 1%, alts go up 1%. bitcoin goes up 5%, a lot of altstank 10%. i think you dont get it

this must he the reason

What is there to not get? Jfc

ask yourself... do I get my alt/usd price from Coin Market Cap?

if the answer is YES then it is exactly like how I described it. You do know that CMC uses the btc price to price it's alts right user?

I use tradingview.

being this new

your dumb. alts should stay the same in sats which means they go up in usd and stay same sats. except that everyone starts selling them for some reason

so... tradingview just mirrors actual markets... they do have a "calculated by tradingview" alt/usd pairs on some alts but unless there is an actual alt/usd market that they are mirroring... they use the satoshi price to get their alt/usd price. either way, alts that have no usd paired market will always be priced at alt/btc. and then they take the btc price in sats of that alt and then calculate the usd price.

You can decapitate a chicken and it will still live for a while but that's actually a pigeon, I hope you were joking

These brainlets have no idea how the market works.

BTC is approaching $10,000 so people are prepping for a proper bull run. Previously the pumps didn't bother alts because BTC was still operating within the same psychological price channels that they're used to.

Traders want to secure profits in BTC as it has the most market dominance and pairs, so they dump out of alts.

This doesn't mean alts will pump when BTC starts dumping, either because now they're more concerned about cashing out into fiat.

These ">mfw btc dumps and alts dump" and ">mfw btc pumps and alts dump" posts are literal brainlets.

1% up or down for a longer period can be considered a consolidation/sideways trading. That's the point where alts pump. People sell BTC and buy alts- inflating the price of Alts.
The same doesn't happen for BTC when you sell the alt to buy BTC. It doesn't inflate the USD value of BTC but it does provide for the volume and usually people sell when alts turn red, which means they are buying BTC that is expensive/overpriced.
New people always buy alts based on their USD value, not sats that they hold.
That's a costly mistake in the long run.
Because the alts are turning red when sats decrease but very often the USD value stays the same- and the groups that manipulate the prices of Alts do know it, so as long as they keep the price of the alt at the same level in USD the panic selling is less, the true panic starts when the sats and the usd price drops. That's the most expensive BTC you can buy btw.

>chicken
the absolute state of burger education

Why would alts remain the same in satoshis when BTC rises 10%? Unless the underlying token fundamentals also warrant a 10% bump, the SHITCOIN/BTC price should drop 10% holding the SHITCOIN/USD price more or less equal.

Yeah, many of the do. I blacklist the worst, most pajeet-tier coins out and let my bot trade the rest. So do other people with bots. And yeah - until the flippening we use sats as the base trading currency (unless we're crashing and tether up obv).

No......it's literally the other way around. Those other shitcoins don't really have any USD value. Just stop worrying about USD value on anything except Bitcoin ok? Think about it - there's a ton of orders for a given price level on the order book. Bitcoin surges against USD, those orders haven't changed yet and they aren't priced in USD.

I'm literally a nocoiner who's just waiting to watch crypto slowly collapse and even I can fucking figure out why Bitcoin going up makes altcoins go down.

When you SELL something, the price goes DOWN.
When you BUY something, the price goes up.

When people BUY bitcoins, by SELLING altcoins, the price of bitcoin goes UP, and the price of altcoins goes DOWN.

Fucking christ.

I never said I do, I exclusively track my shitfolio in satoshis because that's the currency I used to purchase them in.

>I'm literally a nocoiner who's just waiting to watch crypto slowly collapse
I also like to suck jewish cock at the gates of the Federal Reserve.