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Topic: Suspicious of the Crypto Market: Why must all the Coins go RED at the same time? - page 3. (Read 213 times)

sr. member
Activity: 1036
Merit: 252
Dolphins Finance TRUSTED FINANCE
because the king of cryptocurrency wich means bitcoin is bloody,
so, most of altcoins become red too, because the value of any altcoins in USD is depends on Bitcoin value in USD too  Wink
just few altcoins stay green mate

member
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The Experience Layer of the Decentralized Internet
Because bitcoin is the leader in cryptocurrency markets.
When bitcoin starts to fall, people lose confidence, so that's why all tokens start to fall.
full member
Activity: 476
Merit: 104
Decentralized global citizen and crypto-preneur
I am beginning to be suspicious of the Crypto market. I have been observing the market price movement for sometimes now and I discovered a recurring event in the market. Any time the price of Bitcoin is down the price of virtually all the altcoins follow the same direction. Just like the current state of the market, all the Coins are in Red in coinmarketcap.com and I begin to wonder Why? Must all the Coins go RED at the same time and vice versa? Can someone convince me that this is normal?  Can someone convince me that the market movement is not controlled by some tech guys that are using 'code' or some group of whales that manipulate the market price? With this recurring incident, I doubt if the crypto market price movement still obey the economic law of demand and supply. I don't know what you think about this. Share your views, please.
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