Someone who was here during the 2017 bull-run.
If you aren't ready for when BTC pops off, and yes it might not be now but if you don't have any BTC you will be so fucking wrecked once it happens.
You will bleed SATs so hard. Look BTC pumped only 1% and your alts trembled in fear, you just wait once BTC pumps to 13-14k and don't tell me you weren't ready.
But im all in LINK
Okay retard
Its literally stonk level gains now though. Would have to hit 25k to do a 2x, lol. Yeah no thanks
I refuse to sell
You’re gonna have to start with explaining what Sats are to these newfags. I haven’t seen a sats quoted price on here in well over a year.
This. 4/5 of biz wasn’t here for 2017 and is completely ignorant to BTC’s power. Their crypto experience has literally existed within the BTC bear market.
As a literal retard with 0 understanding of blockchain/crypto in general can someone explain to me why Alts crash when BTC Pumps a mere 2%?
It can’t be because people are that retarded to chase pumps that they drain their alts to FOMO into BTC is it? When blue chip stocks pump 2% you don’t see the rest of the market crashing.
This is a beautiful wallet user.
Moshi Moshi based department
It's not retail fomoing, it's whales that control the entire market that plan this out in advance. BTC is where whales consolidate. They don't measure their portfolios in fiat, they measure it in BTC.
The general idea is to maximise Satoshis, so yes, money pours into bitcoin whilst alts bleed. Congrats! You just hedged the market for your alts, which you can now go and buy a lot more of thanks to more purchasing power + price dips. BTC Pumps then Alts follow after
All in, but just ether.
Might have been true in 2017, yes, but now so many more coins are traded against eth (most of them exclusively) and many many couns have fiat pairs now.
Needs more in XRP.
I've done a x100 on Link, but yeah, I'm sure bleeding out 2% in sat value will kill me faggot.
Not everyone is you fren.
There are people here that fomoed into link above $10 and now are going to get rekt by papa bitcoin getting off it's fat ass.
The point is to protect your sats. Alts will dump 70% or more if BTC went to 20k. You buy back into alts once BTC rally is done.
Someone please explain sats to me like I am a brainlet because I am
sage
Sats = satoshis = fractions of bitcoin (don't remember the ratio)
Yup, but for real I'm also preparing right now for the 2023 bull run.
100 million sats make a bitcoin.
Everything else runs with it though..last time LTC went into the 300s too dude. Anything top 10 or on CB will run
Based
sat is the smallest unit of a bitcoin, that is 0.00000001 of a bitcoin
if bitcoin goes up in value and altcoins don't keep up, then you are losing sat value / bleeding sats
so what do we do? sell our alts then buy back after btc moons?
fuk the tax implications for that
>BTC explodes
>Alts blow up after from all the money poured in to btc afterwards
I was there, newfags for the love of god if you see your alts dropping 20%+ as bitcoin skyrockets don’t fomo out, keep your positions and wait for the following alt pop off
enjoy poverty
I have literally never in my entire life been
more bullish on BTC than at this singular moment, thanks user
>I haven’t seen a sats quoted price on here in well over a year.
That's because there are so many USD, USDT, and DAI pairs now. Things change, sats are less relevant than they used to be.