Post
Topic
Board Speculation
Re: Another decline of BTC expected
by
mindrust
on 28/02/2020, 15:27:35 UTC
I'm still dollar cost averaging, mainly into altcoins shitcoins for satoshi gains, and otherwise laddering myself into this tasty looking dip.

Shitcoins work as leveraged btc most of the time but I am also starting to believe they are the reason we are not taking off.

Imagine buying btc at $7k before it makes its move to $10k. You make ~%40. If alts also go up against btc that's easily %100 profits. (they lose much more than bitcoin holders when it goes south though, it works both ways) People who normally wouldn't be happy with %40 gains are selling their alts and since shitcoins are pegged to btc, that's creating sell pressure on us constantly. (in a leveraged way)

In other words, shitcoiners' greed is working against bitcoin. Shitcoiners are scamming bitcoin hodlers.

They'll keep doing these hit and runs till  either there will be no money or no shitcoins left.