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RE: "The Bitcoin Prophet of Doom."
When it goes up they lose because people are selling alts to buy Bitcoin. Alts go down when Bitcoin goes down because alts are priced in Bitcoin.
When it goes up they lose because people are selling alts to buy Bitcoin. Alts go down when Bitcoin goes down because alts are priced in Bitcoin.
@cryptotrader's point is correct. In a rational market, alts should be going up. The missing piece is that total market cap went from $330B to $283B.