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@Laroquod@DogebertDuck@peter_vagianos@officialmcafee@zawril for the vast majority of traders that is the case. Please keep searching, I hope you find something else to share with us. I am always open to new info. Always easier to be the devils advocate than provide answers.
@Laroquod@DogebertDuck@peter_vagianos@officialmcafee@zawril there is no alt/usd market, generally only alt/btc, dumping for less satoshi to move to bitcoin causes a usd price drop, as usd value relates to satoshi. Trying to help you understand. Not sure how else to explain.
@DogebertDuck@Laroquod@peter_vagianos@officialmcafee@zawril EXACTLY! There is zero effect on bitcoin, because you are just moving money at current price, not actually trading; thus, zero effect on BTC price, and it accelerates the decline of the alt coins
@peter_vagianos@officialmcafee@zawril so we (scared investors) are ultimately to blame. The only correlation is that we see bitcoin drop and panic to save our money, causing the drops in every other coin
@peter_vagianos@officialmcafee@zawril In theory, as bitcoin drops, the satoshi on Alt coins should increase, as more needed to compose a certain value than when bitcoin was high. However, panic causes the drop; people thinking they need to sell to preserve bitcoin %. (Cont’d)
@peter_vagianos@officialmcafee@zawril Alt coins are valued in satoshi (partial bitcoin). As bitcoin falls, the Satoshi level of an alt coin must vary to maintain the USD cost. People worry about losing % of bitcoin, they sell, creating a greater loss on the Alt coin (cont’d)
$IOST been in a downward trend, looks to be testing the floor, could be a good place to stockpile some. Great team, good project. Long game on this one so be prepared to hodl. @iostoken@6BillionPeople@officialmcafee@CryptoYoda1338
Coin of the day(pt1): $HUSH @MyHushTeam Private messenger for completely anonymous communication and funds transfer. https://t.co/usO8QHhZ0i gives details.Above avg, young team.Only 2.2m coins in circ. 21m max(Make sure you read pt2) #coinoftheday@6BillionPeople@CryptoYoda1338
Anyone up for a #coinoftheday? Been a while, so not sure anyone is still watching... Real life has gotten in the way, but if I get just 10 likes on this post, then I will post a new coin. @6BillionPeople@CryptoYoda1338@officialmcafee