When it goes up they lose because people are selling alts to buy Bitcoin. Alts go down when Bitcoin goes down because alts are priced in Bitcoin.
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When it goes up they lose because people are selling alts to buy Bitcoin. Alts go down when Bitcoin goes down because alts are priced in Bitcoin.
@cryptotrader's point is correct. In a rational market, alts should be going up. The missing piece is that total market cap went from $330B to $283B.