Bitcoin is has the biggest market cap and volume trade per day so it works as a market thermometer. traders use bitcoin’s as an indicator of market felling and wait for a good move on bitcoin to enter theirs trades on other coins. However, I would say to remember that the relationship between BTC and altcoins is not always symbiotic. there are time where money is flooding into BTC and the altcoins are bleeding because the money is being taken out of altcoins to go into BTC. I just see an influx of money to both sides which is causing everything to be positive atmosphere.
I do not know my many people are afraid to the dump of bitcoin. There is nothing to be afraid of if we have proper risk management where we have a cut loss. I use percentage stop where I immediately sell the bitcoins that I have if my loss reached -5%. It is a good strategy in order to avoid dump. I see many people who losing money because they do not have cut loss strategy.
Topic: Bitcoin Dump - The Worst Thing (Read 1441 times)
When BTC dumps, all other coins also dump, it is worst thing because even if bitcoin dumps, then it should not effect the other cryptocurrency price value in BTC. i,e when BTC dumps the price value of altcoins is also drops while it should increase because btc downs. When people will realize it that it is not in their benefit?
Do you also ask yourself why does altcoins dump also when bitcoins pumps? 
The thing is this – it’s not every altcoins that falls when Bitcoin dumps, but majority of them do and it’s also not every altcoins that falls when Bitcoin pumps.
Explaining this is a difficult thing to do, but let’s say that altcoins are mangoes and Bitcoin is the USD, there are times USD will gain value and mangoes will still be sold for the same price as they were being sold before
. Now that means that you now have extra USD and you can buy same number of mangoes and now have extra change remaining. Something like that I guess. It's because of the crytpocurrency marketcap as a whole. Whenever the marketcap is higher, there is more money to be invest in not only Bitcoin, but also the other altcoins. And, whenever the marketcap is down, there is less money in the market for people to invest in everything as a whole. You will have one or two coins that will hold their price regardless, but I doubt they would in a long term downtrend as there is simply not as much money coming in to the market to move the prices.
When BTC dumps, all other coins also dump, it is worst thing because even if bitcoin dumps, then it should not effect the other cryptocurrency price value in BTC. i,e when BTC dumps the price value of altcoins is also drops while it should increase because btc downs. When people will realize it that it is not in their benefit?
Do you also ask yourself why does altcoins dump also when bitcoins pumps? The thing is this – it’s not every altcoins that falls when Bitcoin dumps, but majority of them do and it’s also not every altcoins that falls when Bitcoin pumps.
Explaining this is a difficult thing to do, but let’s say that altcoins are mangoes and Bitcoin is the USD, there are times USD will gain value and mangoes will still be sold for the same price as they were being sold before
. Now that means that you now have extra USD and you can buy same number of mangoes and now have extra change remaining. Something like that I guess. Bitcoin is has the biggest market cap and volume trade per day so it works as a market thermometer. traders use bitcoin’s as an indicator of market felling and wait for a good move on bitcoin to enter theirs trades on other coins. However, I would say to remember that the relationship between BTC and altcoins is not always symbiotic. there are time where money is flooding into BTC and the altcoins are bleeding because the money is being taken out of altcoins to go into BTC. I just see an influx of money to both sides which is causing everything to be positive atmosphere.
I do not know my many people are afraid to the dump of bitcoin. There is nothing to be afraid of if we have proper risk management where we have a cut loss. I use percentage stop where I immediately sell the bitcoins that I have if my loss reached -5%. It is a good strategy in order to avoid dump. I see many people who losing money because they do not have cut loss strategy.
Pump and dump is reality, accept that as opportunity to make money depend your strategy. It's very good if you keep think positive about volatility, please don't ever has negative perspective about pump and dump. Most people doesn't like dump but as trader how we can buy/ buy back if the price keep high, think again?
Bitcoin is has the biggest market cap and volume trade per day so it works as a market thermometer. traders use bitcoin’s as an indicator of market felling and wait for a good move on bitcoin to enter theirs trades on other coins. However, I would say to remember that the relationship between BTC and altcoins is not always symbiotic. there are time where money is flooding into BTC and the altcoins are bleeding because the money is being taken out of altcoins to go into BTC. I just see an influx of money to both sides which is causing everything to be positive atmosphere.
I do not know my many people are afraid to the dump of bitcoin. There is nothing to be afraid of if we have proper risk management where we have a cut loss. I use percentage stop where I immediately sell the bitcoins that I have if my loss reached -5%. It is a good strategy in order to avoid dump. I see many people who losing money because they do not have cut loss strategy.
they will realize it themselves. after all people will come turns. so that nothing will stop. the current situation is very different from last 2014. which when bitcoin drops then altcoin pump. when bitcoin is stable, altcoin is very volatile. when bitcoin pumps. then altcoin follows it. but now is bad. Bitcoin pump, altcoin drop. Bitcoin drop, altcoin dump. so only the person can realize that.
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Yes we realize that if the bitcoin drop the price some of altcoins also followed to dump.Ill think its because of bitcoin has a big marketcap and also being a number one coin in crypto so they need to follow on when the bitcoin be going increase the price. So that some altcoins are need to follow also but not all altcoins are being increasing the price some of them are always in dump situation maybe because of these have no development and no update.
It is true that the average price of altcoin is rooted to bitcoin and that is only BTC pairs, but others can also follow as long as they follow market trends, bitcoin has a big impact on other altcoin prices if there is a pump then the developer does not need to make updates and already their tokens will definitely follow the bitcoin market.
Well this isn't in effect now. Bitcoin dumps affect the market in general yes, but some coins are independent to btc movement. I think the notion of this is because bitcoin is pretty much the face of crypto. When it dumps, a lot of people focus on it, starting panic that spreads to their other crypto holdings. Some alts that have solid support don't always follow btc's trend.
Bitcoin Dump - The Worst Thing
When BTC dumps, all other coins also dump, it is worst thing because even if bitcoin dumps, then it should not effect the other cryptocurrency price value in BTC. i,e when BTC dumps the price value of altcoins is also drops while it should increase because btc downs. When people will realize it that it is not in their benefit?
When BTC dumps, all other coins also dump, it is worst thing because even if bitcoin dumps, then it should not effect the other cryptocurrency price value in BTC. i,e when BTC dumps the price value of altcoins is also drops while it should increase because btc downs. When people will realize it that it is not in their benefit?
There are still coins that a not affected by Bitcoin dump. This are not stable coins, but their products and professionalism in regulating the price of their coin has kept it stable and growing.
Any coin that is relying on Bitcoin for growth will soon go into extinction. This is one of the reason why some person perceive cryptocurrency investment as ponzi scheme.
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Yes we realize that if the bitcoin drop the price some of altcoins also followed to dump.Ill think its because of bitcoin has a big marketcap and also being a number one coin in crypto so they need to follow on when the bitcoin be going increase the price. So that some altcoins are need to follow also but not all altcoins are being increasing the price some of them are always in dump situation maybe because of these have no development and no update.
It is true that the average price of altcoin is rooted to bitcoin and that is only BTC pairs, but others can also follow as long as they follow market trends, bitcoin has a big impact on other altcoin prices if there is a pump then the developer does not need to make updates and already their tokens will definitely follow the bitcoin market.
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Yes we realize that if the bitcoin drop the price some of altcoins also followed to dump.Ill think its because of bitcoin has a big marketcap and also being a number one coin in crypto so they need to follow on when the bitcoin be going increase the price. So that some altcoins are need to follow also but not all altcoins are being increasing the price some of them are always in dump situation maybe because of these have no development and no update.
It is true that the average price of altcoin is rooted to bitcoin and that is only BTC pairs, but others can also follow as long as they follow market trends, bitcoin has a big impact on other altcoin prices if there is a pump then the developer does not need to make updates and already their tokens will definitely follow the bitcoin market.
Bitcoin Dump - The Worst Thing
When BTC dumps, all other coins also dump, it is worst thing because even if bitcoin dumps, then it should not effect the other cryptocurrency price value in BTC. i,e when BTC dumps the price value of altcoins is also drops while it should increase because btc downs. When people will realize it that it is not in their benefit?
Yes we realize that if the bitcoin drop the price some of altcoins also followed to dump.When BTC dumps, all other coins also dump, it is worst thing because even if bitcoin dumps, then it should not effect the other cryptocurrency price value in BTC. i,e when BTC dumps the price value of altcoins is also drops while it should increase because btc downs. When people will realize it that it is not in their benefit?
Ill think its because of bitcoin has a big marketcap and also being a number one coin in crypto so they need to follow on when the bitcoin be going increase the price. So that some altcoins are need to follow also but not all altcoins are being increasing the price some of them are always in dump situation maybe because of these have no development and no update.
Bitcoin Dump - The Worst Thing
When BTC dumps, all other coins also dump, it is worst thing because even if bitcoin dumps, then it should not effect the other cryptocurrency price value in BTC. i,e when BTC dumps the price value of altcoins is also drops while it should increase because btc downs. When people will realize it that it is not in their benefit?
When BTC dumps, all other coins also dump, it is worst thing because even if bitcoin dumps, then it should not effect the other cryptocurrency price value in BTC. i,e when BTC dumps the price value of altcoins is also drops while it should increase because btc downs. When people will realize it that it is not in their benefit?
You are correct in most cases. I saw a chart which indicated the correlation of top altcoins to BTC in terms of price action. However there are always a set amount of tokens which pump shortly after a dump as many traders are moving funds to those tokens. It is obvious that there are massive volumes on stable coins. For example, whenever BTC dumps I sell my bags on Vertex.market for USDT. If the markets don't correct, I just sell my USDT for fiat for PayPal most of the time.
BTC is the white horse leading the crypto market and it is obvious that when the king suffers, so does his kingsmen. We are in a new age of finance and it is important that we take note of these correlations for our own good. "
Bitcoin Dump - The Worst Thing
When BTC dumps, all other coins also dump, it is worst thing because even if bitcoin dumps, then it should not effect the other cryptocurrency price value in BTC. i,e when BTC dumps the price value of altcoins is also drops while it should increase because btc downs. When people will realize it that it is not in their benefit?
You can separate the strong coins from the rest of the pack then. If everything is burning but some hold their levels it means they are either more worthy or bottomed out and you have clearly lower risk speculating on them. When BTC dumps, all other coins also dump, it is worst thing because even if bitcoin dumps, then it should not effect the other cryptocurrency price value in BTC. i,e when BTC dumps the price value of altcoins is also drops while it should increase because btc downs. When people will realize it that it is not in their benefit?
Bitcoin is has the biggest market cap and volume trade per day so it works as a market thermometer. traders use bitcoin’s as an indicator of market felling and wait for a good move on bitcoin to enter theirs trades on other coins. However, I would say to remember that the relationship between BTC and altcoins is not always symbiotic. there are time where money is flooding into BTC and the altcoins are bleeding because the money is being taken out of altcoins to go into BTC. I just see an influx of money to both sides which is causing everything to be positive atmosphere.
One thing I noticed is that when the price of bitcoin goes up other coins are priced the same as dollars. the price goes down the price of other coins actually decreases These things cannot yet be fully realized yet there is still much to know and learn Only then can this be inferred we can understand better.
You are right. If bitcoin dump all crypto will be affected because all we know that bitcoin is the most popular and known as the most powerful coin in crypto world yet netizens will know that already dump? I think their respect and interest in all crypto will also dump. Bitcoin is huge asset of crypto
It's really out of our hands since Bitcoin is the market leader it's inevitable for it to influence other coins in the market and it can trigger selling in this crypto as well which makes all coins result into losing all of their value. And why do you think a dump is a bad thing? In the trading world there is no such thing as a "bad thing" as traders can take advantage of all scenarios whether it is going up or the prices are going down, the most important thing about this is you need to position your money right for it to be in your favor. When prices are going down it's better that you have offloaded your position before hand and buy them later when it has bottomed out. When prices are going up it is better that you have already positions at the bottom so that all you need to do is to trigger a sell order for your crypto.
Completely with you on this, actually dumps are good in one way at least that it gives opportunity for those who want to buy bitcoins but want it to drop a bit before they make a buy order. For example if I want to buy a certain coin, I personally follow it for weeks (in case of alt coins) and once the price falls down by some value, I then execute my order.And to be honest, someone who gets worried by a dump does not deserve to have the benefits when the price goes crazy and everyone wonders why they haven't bought some when it was cheap. I mean you got to have faith in something for them to pay you back!
So we must take the good with the bad and even if I have lost some money in the market of cryptocurrencies the amount that I have earned makes up for it.
Bitcoin dump makes altcoins dump too and we're affected on that because we are the investors and for sure once it increase altcoins will be next so if you are worry about what happened now just better to calm and wait for the price to rise and not be panic. We know most of us wants bitcoin rise but now we need to do is wait and not to sell it.
Altcoins got dumped because bitcoin value has dropped too after got dump. As soon as bitcoin started to rise again (especially we are about to face another bitcoin halving, this is the best time to buy or accumulate bitcoin more). But being a calm investor isn't easy, you must really really patient to wait until market recover which mostly takes long time (after years) before it happensActually cut loss is a smart decision made by a trader since it lessen the stress for their selves and can bring up those losses in single instance since if you choose to hold and wait for sure it will be more stress out to see the upcoming results and provably you will get less or nothing when time your coin bag hold pumps in single blink. but I wonder how those actually works in big portfolios since I'm kinda not a big trader since I only trade a little and don't try to manipulate the market yet.
Bitcoin dump makes altcoins dump too and we're affected on that because we are the investors and for sure once it increase altcoins will be next so if you are worry about what happened now just better to calm and wait for the price to rise and not be panic. We know most of us wants bitcoin rise but now we need to do is wait and not to sell it.
Altcoins got dumped because bitcoin value has dropped too after got dump. As soon as bitcoin started to rise again (especially we are about to face another bitcoin halving, this is the best time to buy or accumulate bitcoin more). But being a calm investor isn't easy, you must really really patient to wait until market recover which mostly takes long time (after years) before it happensJump to: