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RE: SOMETHING BIG, SOMETHING HUGE, SOMETHING MASSIVE is APPROACHING the CRYPTOSPHERE!!!
in order for the "newbies" to buy alts they need to buy BTC first
and that's exactly was has been happening recently - over
100 biilion dollars poured into BTC/alts last few weeks... why all the negativlty with bitcoin - the alts have been doing great recently , is it because you don't have enough ? want some cheaper ?
we all know BTC is dated - but that hasn't stopped it - its the gateway to crypto, shocked that I even have to write this - the more money poured into btc the better it it is for your alts .
BTC was here first and for that its being rewarded- without Bitcoin you wouldn't have your alts
You could buy popular alt coins like ETH, Dash, LTC and most coins listed on Kraken without buying BTC.
that's great !
not very exciting though but at least we have options
but in currencio right now, 100$ worth of crypto:
0.00852459btc = 94.67 USD
0.141490244970023058eth = 65.16 USD
0.08532373dash = 64.68 USD
0.64581975ltc = 64.88 USD
dont know how is it on other fiat-2-crypto gateways?
It's not a healthy marketplace this way.
Alts need to be traded by fiat and should not be tied to BTC. BTC is just a name with no good function at all.
Have you seen any other market where thousands of commodities are closely tied to one prototype? And in such a stupid way that when BTC rises they MAY have a chance to rise a bit and when BTC falls a bit, they fall 4-5 times worse???
This will change in the coming years. Sooner or later BTC will loose this insane position that only comes from being the first.
the market will figure things out -
BITcoin was here first-- almost all alts are BS and just jumping on BTC coat tails to make fast money.
if you are so opposed to using btc to buy alts then stop trading this is the only way you can show them how upset or angry you are - but not sure they care since billions of fresh money will be poured daily from wall street
Devrim: I would say it is more like how we price barrels of oil in USD and no other currency. That is the standard chosen and currently accepted. And based on that the US dollar gets a big discount on oil. It's the same concept, sorta... But I do agree with you still...
Let's say in human evolution the USD is a prototype.
BTC rises inversely to confidence in USD