You are viewing a single comment's thread from:RE: "The Bitcoin Prophet of Doom."View the full contextthecryptotrader (63)in #bitcoin • 8 years ago alts go down when btc dump, and alts go down when btc pump... wtf?!
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.