Are you just making shit up, ToxicMoxic?
most of the time, yes...havent found a play book yet that explains how this is all supposed to go just observing and reporting what I see juansnowgee
Another thing. Remember April to June 2019? Do you believe that supports your point? I don't think so. in early 2019, there were a lot of folks suggesting that bitcoin was going to have to suffer with the purgening of the froth of alts.. and that shit did not happen. Bitcoin pumped and the shitcoins largely stayed stagnant.. who fucking knows what the shitcoins did because who was paying attention?
Anyhow my point is that there is no "x has to happen to shitcoins before bitcoin can pump".. that's nonsense, and you should realize that by now. Sure shit can happen including bitcoin and shitcoins going down together, but I am not going to presume that to be any kind of condition precedent - especially given the overall state of affairs at the moment.. whether considering what is going on with shitcoins, considering what is going on with macro-circumstances, and considering where bitcoin happens to be in its cycle (to the extent that anyone happens to believe in such "cycle" existing) and any other potentially relevant factors that I have not mentioned (mining anyone?).
whilst i agree in theory the proof is in the pudding as is said
so we are not in a bear market...yet the last quarter sure looks like the beginning of one performance in a time of crisis when you would think everyone would flock towards a store of value has not been observed...in fact the opposite has been
if you think bitcoin can pump to $100k on its premise as a store of value and drag all the other shitcoins up into billions of dollars of valuation go for it I personally think most of the alts have zero value..and at most maybe a tenth of their observed market cap its not very realistic that these other projects just automatically go up or down in price because bitcoin does is it? I dont know..just seems like something needs work there
so bitcoin pumps, alts pump...and then all of a sudden everyone wants to convert their alts that just pumped into bitcoin do you think all those swaps can be supported?...because it could stack up fast
in fact I really dont care about the fiat price...we all know its worthless..or will be...its the ratio between bitcoin and alts that seems like it needs purging
its all very circular imo with no easy answers if you find any please post asap