Why does Altcoin divide by 100, but Bitcoin still X times?
Simply put: 1. Large Zero-Sum Game: Money does not just appear out of nowhere. For Bitcoin to increase by X times, the money must come from somewhere.
2. "Bloodsucking" Altcoin: Smart money ( and new money ) often take profits from high-risk Altcoins to pour into Bitcoin (, which is considered safer ).
3. Money only moves: The profits of Bitcoin holders come from the losses of Altcoin holders during certain periods.
>> Bitcoin X times because it "bleeds" from Altcoins, turning them into a local Zero-Sum Game, where you see your account split 100.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Why does Altcoin divide by 100, but Bitcoin still X times?
Simply put:
1. Large Zero-Sum Game: Money does not just appear out of nowhere. For Bitcoin to increase by X times, the money must come from somewhere.
2. "Bloodsucking" Altcoin: Smart money ( and new money ) often take profits from high-risk Altcoins to pour into Bitcoin (, which is considered safer ).
3. Money only moves: The profits of Bitcoin holders come from the losses of Altcoin holders during certain periods.
>> Bitcoin X times because it "bleeds" from Altcoins, turning them into a local Zero-Sum Game, where you see your account split 100.