Ought to be interesting results to this poll... I'm interested in people's different approaches...
It's Illogical To Me? - Why does the Satoshi value of alts plummet so hard?So I've read a lot of other posts and the accepted theory seems to be that people sell their alts to get on the rising Bitcoin price when it's going up rapidly, but you can't gain more Bitcoin by just owning more of it when the price shoots up, not unless you're using it for margin trading or actually trying to sell that Bitcoin high and buy Bitcoin back lower. For example, if you have 1 BTC, then you have 1 BTC whether it's worth $9k or $11k, it makes no difference until you actually convert that Bitcoin back to fiat or USDT, only then does the amount of Bitcoin and the BTC price in dollars make a difference.
So why the desire to hold Bitcoin and sell alts while the dollar value of Bitcoin is shooting up? What proportion of Bitcoin holders are shorting Bitcoin on a bull run like this to buy more Bitcoin back lower. It'd only be the serious TA traders surely?
People suggest that when Bitcoin rallies they know that their alts will fall so they sell their alts to buy alts back for less BTC later. That is indeed a very good reason to sell the alts, but it doesn't actually explain the price mechanism. Not unless it has become a self fulfilling phenomenon? Some of these alts are only paired in BTC and so they are supposed to be valued in Satoshis not dollars but the price in dollars almosts seems at times to be a better correlation than the Satoshi price. Why do the alts plummet if they are genuinely priced in Satoshi and not dollars?
So go on then, could somebody please explain the price mechanism to me and justify why alts plummet so much when Bitcoin shoots up. Many thanks. 
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