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/biz/ - Business & Finance


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25817904 No.25817904 [Reply] [Original]

Why do they all go down?

>> No.25817947

There's nothing to back it.

>> No.25817968

>>25817904
because crypto is a scam, anon

>> No.25817971

It's literally a bunch of fucking numbers.

>> No.25817977
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25817977

>>25817904
here, have some more

>> No.25817985

>>25817904
Because the concept of blockchain is literally designed to track you and your value, and the blockchains with value are controlled by the same people.

>> No.25817994

>>25817904
Why do you retards always ask this question? Do you not know what BTC does to the market?

>> No.25817999

>>25817904
why would they NOT all go down dummy? all of them have the same use case and the same investors

>> No.25818010

>>25817904
get out while you still can

>> No.25818015
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25818015

>tfw I realize what I've turned my life savings into

>> No.25818028

>>25817977
POGGERS

>> No.25818039

>>25817904
Until one of these pieces of shit start to make real money they will all be bound to BTC price.

>> No.25818042

>>25817904
Because the people who buy alternative cryptocurrencies all originally heard about bitcoin before getting into anything else.
Bitcoin is the market. Everything else is a Bitcoin derivative.

>> No.25818067

>>25817947
You’re thinking of fiat.

>> No.25818112

>>25817977
Remember Alf? He's back, in Pog form.

>> No.25818142

>>25817904
So you can buy more.

>> No.25818145

>>25817904
PONZI SCHEME

>> No.25818203
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25818203

>>25817994
I've know that they usually all move together, but I never had a solid understanding of why.

>> No.25818271

>>25818067
At least a government backs fiat. Who is going to take my meme coins no matter what? The bitcoin company?

>> No.25818297

>>25818271
What do they back it with, besides bullets?

>> No.25818318

People are starting to catch on that BTC is being propped up by printing huge amounts of fake internet coupons that makes very little difference to fiat fractional reserve banking

>> No.25818352

>>25818297
Bullets are already enough but USD is also backed with oil

>> No.25818361

This is the end, it'll collapse like all Ponzi schemes.

>> No.25818390

>>25818297
If a powerful, resource-rich country makes a certain currency, that currency is more likely to carry weight. See the US which sells 2000 calories for a dollar as opposed to a fortune in some African shithole.

>> No.25818393

Bots copying other bots

>> No.25818859

hehe imagine when the world is run by an ai

>> No.25819000

>>25817904
All you newfags are going to burn

>> No.25819005

>>25818067
>>25818271
>>25818297
>>25818352
>>25818390
Fiat is backed by the goods and services produced in "it's" country retards. If you wanna buy an Italian tomato, at some point someone needs EUR.
Crypto is backed by the same. Which is currently a limited subset of drug and money laundering services

>> No.25819234

Because the political situation is changing.

>> No.25819773

/biz/niggers, my younger brother is turning 18 in August this year and he’s eager to get into crypto. Are there any apps that allow him to trade crypto despite being under 18? I can’t be bothered to open an account for him.

>> No.25820191

>>25817971
and what are computers?

>> No.25820254
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25820254

>>25819005
>>25818352
>>25818271
Sweet Jesus, where are these people coming from? Reddit, twitter???

>> No.25820292

>>25818112
Seeing as we are unfamiliar with sarcasm, I shall close the register at this point

>> No.25820370

>>25818203
Arbitrage bots, mostly.