Bitcoin Forum

All of the crypto are down today, not just Bitcoin. Looks like a certain amount of selloff causes panic and makes all noobs dump their hands resulting in what we see today. Ripple is down big time so this is not like some banks are orchestrating this or something.

I guess one more day in the world of crypto which recently has seen a whole influx of traders who are chopping waves and this results in take profits followed by cover positions. Not to mention the SHORTS.

The market is more or less mixed right now, there is some red and there is some green, it seems to me this is something we will have to adapt, the last year everyone got profits so it is possible this is going to be one of the difficult years in which bitcoin will barely move, now that will change if we get a big news from the developers like the lightning network being operational but we do not know when that is going to happen.

Most crypto tends to move together (ish). Or rather, you could say they follow bitcoin. It's the same way all stocks in the same sector tend to generally move together. If Facebook is down one day, chances are pretty good that Google, Netflix, Apple, Microsoft, and Amazon are down too.