Topic: Why can't the alt community figure out that dumping alts for BTC rises is silly? (Read 750 times)

That is just one reason. The other is that most altcoins are scam coins, they will drop against even fiat.

And here are people panicking because the alts are having lower sat value, of course BTC is climbing which means the alts will be lower.

waiting is "simply" the hardest part lol

Your premise is dependent on the fact that the majority of alt coins holders care about the Alt coin.

The problem is the Crypto Day Traders care nothing for what they are trading, only for the small % of profit , that they can gleam from their trading.
They don't care that they are crushing a coin's price and lowering it market cap.

Until a coin's community becomes strong enough to overpower the Crypto Day Traders, price of the coin will continue to fall.
Constant supply of New Coins keep the communities members resources split between coins so that the ALTs don't make the headway they would without the interference.
It is also an Intentional Divide and Conquer Strategy , by some of the BTC Elite, to keep Alts prices in satoshi, instead of something else, BTC marketcap is being floated by the value of the Alt Market, but if the ALTS gained direct FIAT trading , BTC loses them as a float for their marketcap, as more trading will be done in Fiat.


 


FYI:
This is just more history repeating itself for us Old Enough to remember.  
http://www.financialsense.com/contributors/jerry-robinson/the-rise-of-the-petrodollar-system-dollars-for-oil
1st BTC for Alt coins (to increase BTC Value) , so the new line will be "Dollars for BTC"

  You would think they would try something new after 72 years.

But it was foretold in 1988,
https://socioecohistory.wordpress.com/2014/07/26/flashback-1988-get-ready-for-a-world-currency-by-2018%E2%80%B3-the-economist-magazine/

You think NIRP is an accident, it is the way they will Force Consumers into Crypto.  
http://www.valuewalk.com/2016/05/nirp-banks-paid/
http://www.marketexpress.in/2016/05/the-nirp-refugees-are-coming-to-america.html

The problem is not all will hold their coins. So the price of alts in satoshis usually decreases when Bitcoin is on the rise.
So if you don't want to get singed, join the herd.

This is the result of a majority of amateur traders in a market. The majority of hands are weak, because the share purchases was made as a gamble, not as an actual investment. Price moves, bit of bad news, and down it goes. That to me seems like a lack of confidence in one's investment. Why invest in something you don't believe in?

If you don't press the sell button, the coins stay on your balance Its magical.

This is so true, those so called investors is just always making money and not helping the alt community but the killer of alt creator, buying it in a low price then wait for a while when projects and development showing out and momentum for the alt grows then perfect timing for them to dump and get their earnings.

It's nothing new really, most people in crypto are just dumb gamblers (delusionally calling themselves investors) cashing out on all their investments as soon as they can afford a slice of pizza instead of putting some thoughts into it and multiplying their profits simply by waiting.

Original poster seems to be confused.  The only purpose of Bitcoin is a pump and dump.  It is not perpetual motion machine to the moon.  Anytime it is not being pumped, it is in a state of freefall to 0.

Original poster seems to be confused.  The only purpose of most of these alts like Eth, Lisk, IOTA, Waves, etc, is a pump and dump.  They're not perpetual motion machines to the moon.  Anytime they're not being pumped, they're in a state of freefall to 0.  

You drank the koolaid and thought market cap actually meant something.  NXT had something like a $10 million market cap once with only 15 BTC buy support on the Bologniex casino.  I almost shorted it to 0 myself for amusement but decided not to.

I have the same question.  It makes no sense and it is chasing the price. 

because they do not believe in BTC and/or alts. When BTC-$-price rises they want to "cash" out make some profit in fiat and then buy BTC and the Alts again when btc-$-ratio drops.

Every alt coin is priced in Satoshis on the exchanges, if Bitcoin rises and everybody held their coins, the value of alts would go up WITH BTC. And not only that, but if they held them, the alt marketcaps would grow and it would add more value and liquidity to the cryptosphere as a whole.