Bitcoin Forum

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?

Bitcoin dump is over now. We look forward to bitcoin movements i only predict that Bitcoin will increase even though there are a lot of FUD news out there. I'm still sure bitcoin will be strong, not affected by anything. bitcoin reaction and above.

the current market cannot jack up the price of altcoin, bitcoin does not currently have a significant effect on altcoin. so I think right now, it's no stranger to the decline in bitcoin making altcoin also decreased. this is a cycle that has been going on and has not changed

The price of the bitcoin today we can call as a dump because it was too low from the nine thousand dollars came from over eight thousand dollars. In just two weeks, it has a significant impact on the market because many people will hold their coins too and panic selling because they don't want to lose a profit in just one mistake. The price of the bitcoin is only regular came from the previous year the bitcoin has less a thousand dollars and rises to nine thousand, just a prediction for the coming year the bitcoin will be profitable again.

OP, what are you trying to say here other than using the word dump as many times as you can?  The use of that word in the context of bitcoin betrays ignorance, and the number of times it's used in a single post is proportional to the extent of that ignorance.  You've just proven yourself to be the king of ignorami--but hey, whatever works for you.

Not sure if that's true.  Take a look at some altcoins and their valuation in fiat.  They're all priced in terms of bitcoin on exchanges, so usually when bitcoin goes up altcoins do as well--at least with respect to their fiat value.

Blah blah blah, who's "we"?  Don't call a gain in value as a dump.  That's what happened today.  The price went up.  That's NOT a dump.

It's not that people do it on their own. It's actually because of the history of altcoins and their listings on exchange. Let me explain.
Long back in 2016-17 when a plethora of tokens were being listed on exchanges all of them were being listed in BTC Pairs. This meant that too stay away from fluctuations you need to first sell your alts to btc then your btc to usdt or maybe fiat. So whenever price of BTC used to go down. People who held alts saw their holdings in usd value falling down because even with BTC pair the fluctuations were still there on price. Now due to this people used to sell their alts to btc and then to fiat. This slowly became the Market perception and which is why it still happens today that alts go down too.

Dump dump dump dump. A word we all hate tbh, especially if you're actually waiting for that moment but it's part of the market growth. A market dump doesn't necessarily result in other coin dumps though, BUT it could result in what path altcoins could probably go. I actually see it as a possibility of BTC dumps, altcoins take advantage of this to go up. BUT because of how traders actually concentrate on BTC only, this kind of kills that idea. This results in what we currently see, altcoins being used as an alternative as the name "alt", and are actually more used as a way to buy BTC when it dumps instead.

the largest market volume is still owned by the alt / btc pair. so altcoin is still a real price follower, the panic effect that arises is also still visible for the alt / usdt pair at the same time as they try to maintain value quickly, automatically existing buy orders will be eaten quickly for buyback needs from below. Bitcoin dump still has a psychological impact on other alt prices.

You can call that any theory you want but the fact remains that bitcoin is the only coin the market that can be trusted and the rest of the coin revolve around the value of bitcoin and if people start selling bitcoin the rest of the market will go down as well and that is what we are seeing for years as long as the alt coin market came into existence. Most of the people are not long term holders and they will trade according to the market sentiments and that is why you see big drops in all the market.

That is one of the main reasons why people think in bitcoin terms and not dollar terms when they are trading since they believe bitcoin will go up in the future anyway. So lets say bitcoin is 9 thousand dollars and your coin is 100 dollars, when bitcoin drops to 7000 dollars but your altcoin stays at 100 dollars that means you now have a lot more bitcoins when you trade, so you get back to bitcoin and wait for it to reach to 9 thousand once again and you get richer by basically doing nothing.

It is not "helping" altcoins price in the dollar sense but it does help a lot for people who want to own more bitcoins. I remember back in 2017 I have managed to make 0.26 more bitcoins once while making a total of 17 dollar profit while trading all due to this process, of course thankfully bitcoin went up later and my 0.26 profit became a whole lot more.

All coin came from bitcoin, so they will follow bitcoin price action. Market depend how trader/ investor do their activity and no one can control it. People already know market behavior but when it comes and go no one knows. Recognize market works is important keep try and good luck to you.  

We cannot make a short conclusion on this matter, if you only conclude a decline yesterday then it will indeed make a bad view for this market and it will not benefit you if you just panic. This market will still grow, the rise and fall of prices is just a normal cycle, so we don't need to panic about the dumping that you are worried about and not profitable for you. If you are good at using every moment that happens at least now you can benefit from yesterday's events.

Because almost all altcoins are paired with bitcoin.

That's why when bitcoin dumps alt market are also affected negatively. There is a possible that when people are selling their bitcoin then they should move to altcoin. However, in this bearish trend, that is not the case because investors are still reluctant to invest on altcoin. So what happens is that when everything settles down, they return and re-invest on bitcoin only.

In the case of an artificially created move only those that know in advance about that move can anticipate it and get profits out of it, but they are not really predicting the market they are manipulating it which is something completely different and it is something that we commonly see in coins with a very low market cap, so can you predict those moves? The answer is no, there is nothing in the charts or in the news that could help you know that a particular coin is about to be pumped.

So it is better to forget about it if what you are trying to do is to get profits out of those movements, which is one of the main reasons why many recommend to only trade coins with good liquidity like bitcoin and some of the top altcoins.

Lesson learned: Altcoins are correlated to BTCUSD. When BTC falls, altcoins fall harder. This is a fact of life so get used to it. ;)

The rare exception is what we call an "altcoin spring" like we saw in late 2013 or early 2017. This really only happens in the later stages of a BTC bull market, when there is speculative mania and people are looking to buy riskier and riskier assets. During those times, people sell BTC to buy into altcoins.

We're nowhere near that point in the market cycle. If my Spidey sense is correct, then we're still at least several months (if not a year) from getting there. The crypto market needs BTC to confirm a strong new bull market to new ATHs before it can enter a new "risk-on" phase. (https://www.investopedia.com/terms/r/risk-on-risk-off.asp)

That's how it works considering that it's a free market and everyone can do anything depending on how they feel would things go or how would other traders react. Oftentimes, price changes on bitcoin produces a domino effect to which other coins would conform to simply because they are paired/coupled with bitcoin.

This will not change any time soon as long as bitcoin remains the number one cryptocurrency.

Always there needs a reference based on which associated growth takes place. Here with the entire cryptocurrency bitcoin is the reference, and following will be the growth. This is a unwritten law that's been happening from the day the term cryptocurrency came to usage. In very occasions there were growth of altcoins against bitcoin.

i think BTC will stay around 5 - 8k till march, then slowly rise to 17k by the end of 2020

Shitcoin will continue to die

In fact, this is well known. Bitcoin certainly does not bring any benefit to society other than its old and time-consuming technology. But what's important is that the crypto market is a manipulation and money laundering market. so when we follow the vortex, we make a profit and know when we should stop and get out of bitcoin. That is a smart person. Although alts are very good, they are not respected because they have a business manager, so the manipulation is also difficult for underground organizations. So we follow the trend of the market, make money and run away, no need to care too much. ;)

Bitcoin has already shown its bullrun now and this will already reach the price of $8,000. Maybe tomorrow can happen, but in December it will be even more increased. My analysis says December will face a good move in November.

And I think shitcoin will never die but will continue to grow but there will also be dead.

Yes, if Bitcoin dumps it will be like end of the world for all of us, but let us also remember that it is not dead yet and we know that there are lots of people manipulating our mind for them to bag more, so let's take it to consideration, digital currency is future so let's not panic all the time the price dumps, but instead let's take it chance for all of us to grab and buy more Bitcoins.

That is what happens in the crypto market. But that will not for all of the altcoins. If you check at the market if bitcoin is down, some altcoins can increase and take the chance to lift the price, although it's not too high, and that is good for that altcoin. And now, bitcoin is going stronger than before, and the price can increase at $77xx, but we should be prepared if there is another downtrend for bitcoin because we don't know when the bear market for bitcoin will be over.

Bitcoin will never disappear because this is a coin that is widely used in many places on the internet and any investor has ever held this coin so surely Bitcoin will exist for several thousand years. Currently Bitcoin is considered a safe choice for many investors with large assets because volatility is the main reason they are interested.

Personally, I have bought Bitcoin and held it for the past few years because it is certain that Bitcoin will cost $100,000 in the next few years if people have special interest when it comes to this market.

Actually, when Bitcoin dumps people become a bit hurried to sell off whatever crypto they are holding be it Bitcoin or any alt, so that the can run into USDT to secure their portfolio.
Butt, when Bitcoin dumps, not all alts dumps in BTC value, mostly they drop in USD value. But in worst case scenario, they drop in both BTC and USD values.

The graph of the bitcoin today is not like the same as the previous months. The price is lower and lower that we called now as a dump soon; it becomes no value. People are now panic selling their coins to avoid to lose profit because they know it takes a long time before the price become more profitable again; it was the right decision too.  But for me I think it is better to hold and wait for the coming of the pump, the year is the end and the season of the bitcoin is coming, hoping that the price of the bitcoin will rise again.


If you know about the graph of the bitcoin that was not good see, but It was right, this is the time for the altcoins to rise. They are not affected by the lowing of the bitcoin; instead, this is the part when the price of the altcoins becomes more demand and increasing their value every time.

Shitcoins will die, only those project who have working products will remain in the market even almost all alts based in BTC some projects will just really die as they have no use and due to many alts released they will be eliminated only those that are working with dedicated team will remain.

Your grouse is not because bitcoin price dumps but its about its effect on the price of altcoins that dumps with it. However, a deep look at it is to be bothered if the same is not happening. On the flip side, would you also express the same frustration should the price of bitcoin increase necessitating the same increase in alt coin?. What is happening is simple mathematics which is because of the percentage that bitcoin trading occupies in the entire crypto market that whatever happens goes with it.

Not surprising to see that coming since shitcoins is intended to die and they are just created to scam there investors that's why it's advisable to avoid with and also I see a project with working product dies since the market condition strikes them so bad that's why it's better to stay at the top alt's for a while and maybe look those potential alt's when market became alive again to gain a profit from it.

It is end of the world for those who needs money yet the price drops. Before I was in need in money for emergency purposes and I spent almost I have and BTC all that is left but it's dump, it was during 2018 price continues to fall. So this drops for me is not new and unlike last year this drops is way acceptable than last year. It is indeed good to buy when price drops and don't worry too much on bloody days as it will have it's time to arise.

Common observations to those who are just new to this crypto space!

Not all the times where bitcoins price would correlate oppositely with alts price.You can presume that if people leave out on btc they would switch to alts?
You cant be sure off because people will pull out and stay up either on fiat or stable coins thats why we do see that theres no significant changes on alts prices
when theres a btc price dump.

Don't be too excited for this minor pumps mate, we need to be careful on what we see right now with the price movements. This was now becoming so unpredictable, it could bounce back and then suddenly drop so bad. More of us waited a lot of surprises in December, but still much better to be calm and easy while $8000 still stabilizing as preparation for good pumps of the incoming year 2020.
I don't care for shitcoins by now, what I am focused of was with bitcoin to grow consistently sooner.

Altcoin down usually have reason too. Maybe in past  when bitcoin price dumped, people will change their assets to altcoin. Or maybe people start to buy bitcoin and then trade altcoin in exchanges. That is why sometime altcoin price increased. And now maybe the opposite condition of it because a lot of new people come and they are more panic than us. Personal opinion only.

Each high-capitalized alternative cryptocurrency has its own price estimated at fiat value. For example, the Ethereum price definitely does not correlate with the Bitcoin price. If you look at the Ethereum chart (https://coinmarketcap.com/currencies/ethereum/) on CoinMarketCap and click on the "BTC (price)" flag below the graph, you will see the line in orange. According to these data, 1 ETH was equal to 0.3 BTC in June 2019, and now 1 ETH is worth 0.21 BTC.

The global cryptocurrency exchange market is manipulated by "whales" who have a lot of money and slowly buy different coins and tokens. One fine day, they quickly sell all their cryptocurrencies to crash markets. Some of these "whales" try to activate the stop-loss triggers set by other traders and thus buy very cheap coins. "Whales" simultaneously drop Bitcoin and all top-rated altcoins by the same percentage in order to prevent ordinary traders from switching to another cryptocurrency and making a profit.

Typically, Bitcoin is volatile, so dumps and pumps are not the worst things, IMO.

That's the main reason why people nowadays are just after the pump, what they all want is to make the price go pump and they are becoming panic all the time the price go down, they don't realize that what they are doing is not healthy to the market, although we are all aiming for the good price but let us also take into consideration that we are also do our part to make it stable and to be known worldwide.

We need noy to conclude everything now, it is 5% higher this week, as what we can see in the weekly chart of bitcoin , it is going up now . It only remind us that bitcoin is still unstable now and a lot of uncertainty will gonna happen. We should know that dump of coins is normal, it all haplens in different coins , halving is coming so we do expect that this could affect the bitcoin price. I believe that when 2020 comes, I expect that more pump will happen

This year, more than 80% of shitcoins were removed from the market because most of these coins were worthless and the development team almost didn't care about the community, making the value of the coin only decrease. I think this year is a good time for you to look for new opportunities as there are still some good coins starting to appear in this market.

Of course, you are not always lucky to find a good choice because the market has so many surprises that you cannot predict.

Yes i also think so. Its average that we see when BTC fall another alt coin also down their market. Actually maximum investor fully depends on BTC so they think that if BTC price fall down alt coin price also will fall down.

But finally it should not do.

But when the BTC stable alt starts to rise, this is where you can take a chance to climb.
You just have to wait for the right moment before entering.
But the market is not as predicted so there will always be a risk every time you will entry.

I hope you do know that almost all of the prices of altcoins are based on BTC. It's directly proportional.

• When BTC drops in Price, Altcoins Suffer as well
• When BTC increases in Price, Altcoins suffer as well

It's best to note that this is happening almost all of the time; it would just depend on the demand of a particular coin. Whether someone's buying it or not. That's the exception. So this is not common knowledge or isn't thought about, but it's true. I hope people would understand that concept when it comes to trading.

It's not the worst thing you know because you could take advantage of the drop by shorting the market. It would just depend on the exchange that you have if you could short it or long it.

That's correct but the altcoin don't follow the bitcoin market trend in every circumstance cause there are some season where the altcoin market trend relies on the arbitrage traders conclusion.

This usually happen when bitcoin halving is coming, the demand and supply of bitcoin market is what will decide the market momentum.

Binance is always the best exchange for this form of trading (short/long) but I think the long trading would be the best option if seize the opportunity of the previous dump market.

Don't look at the Bitcoin price dump as a worst thing. Bitcoin is volatile and price dump is a natural part of that cycle, it can't only rise all the time. As soon as you accept that, the better for you.
Also, the price of Bitcoin and altcoins are not necessary connected and altcoins don't follow Bitcoin's pattern. There might be some coincidences but not a general rule, so don't let this to give you a wrong path.

I dont know on what others do think off the price as always like continuous rise up? Heck, a healthy market doesnt work that way and if we do see such thing then its a highly manipulated one.

We know that market does have cycle yet it do compose a set of buyers and sellers which its just normal to saw these dumps and rise.Thing here is that you do know on how to ride with the waves
and as said its not worst most of the time but also an opportunity for you to get in if youre wise enough.

you are right, Bitcoin is a volatile cryptocurrency, but it will raise constantly on every year. This year also it make more profit for me and current dump is not a big issues on me. But many new beginners are enter into the market so they feel sad for this position. I think still many new investors are make good profit so we both positive and negative feedbacks are comes in the crypto market. Now we are waiting for next hype so we don't care about the Dump on Bitcoin.

I hate to say this but these guys who says the price dump is the worst thing to happen with bitcoin is a shallow-minded people. Price movements, either up or down is natural, don't they know about this? or they just said it coz they lose a trade with bitcoin? Common sense must be present here.

There are still no data that shows any price of cryprocurrency corelates to the price of another cryptocurrency. It is just a coincided incident that happens usually especially with bitcoin. You can follow the patterna but don't expect it to be accurate always, grab any opportunities I must say.

This holds true other way around also, when BTC goes up the price of altcoins also goes up. Right now BTC is going down and so are altcoins. For many its a frustrating situation but I take it as a buying opportunity. Smart investors are not panicking at all rather they are silently buying crypto of there choices. Make a smart move now before it gets too late.

Your own assessment matters. Knowing the risk that you take and finding the right timing to place your investment, it's all about how you understand and how willingly you are to take your chances. The market still unstable and there's always a big chance of more dump to happen but if you are already aware and you are focusing for good bounce back there's always big possibilities to earn around.

You could always have a choice and those are called "stablecoins".
There you wont have any problem at looking at the price.
Most traders now use that method. But bitcoin at a lower price then sell it back when it pumps for stable coins.
You can pick one. There had been a lot of created once since Tether happened.

This is the scenario when btc up the alts will also goes up. This is normal cycle of crypto that we may see in up and down price. So not always the worst thing happen when btc goes down because for some this is the opportunity to accumulate at this condition of the market. It’s our choice to decide what to do when market is not in a good condition.

Which I don't think and still wondering why people don't understand this concept of crypto, they still in panic all the time that the price of Bitcoin was dropping, they keep asking the community or their friends or here in forum if it's time to sell, is it bullish time and many more, they don't understand what crypto market really is, they just after profit, they wanted to have profit everyday which is impossible.

No doubt those who want to get the real profit from trading should keep holding for the long term. Binance is a good website to trade or to exchange but the best one option is to keep concerned with your own profit and you should trade for the long term and keep waiting for the price to be good as the good we expected from bitcoin to be so traded for long yet.

The panic wont last, buyers have to do it silently and disregard the noise in the market smart decisions really matters. If bitcoin goes up again then the market is getting better and altcoins should follow that, if you still don’t know what to do try to buy at least a small amount during cheap season you wont regret that. Don’t dump your bitcoin, that can be your worst decision ever.

Isn't it nicer to see such a dump at some of the cases? Whether by altcoin's $ or BTC value?

That's the best time to consider accumulating more or make another entry if ever you close your position prior to dump.

Altcoin's price really correlates to how bitcoin price behaves. It's a market decision and we can't just say "it shouldn't happen this way...that way... etc."

It doesn't mean that once bitcoin price decrease it's $ value, altcoin's BTC value shouldn't be affected. The altcoin market always reacts to what is happening on BTC. That's how risky to deal in altcoins so take it or leave it.

Someone's always winning on one side of a price movement, so it's not truly against everyone's benefits especially when leveraged trading's very commonplace nowadays (yet still very risky), even with altcoin pairs. A sharp decrease in price or dumping usually doesn't end very long, either, and there are usually plenty of opportunities afterwards to make a profit through using technical analysis if you're trading on shorter timeframes too, and if you've determined it to be a good time to do so, accumulating shortly after a dump can sometimes be a good move.

There's money to be made from any price movement. You just need to adapt to how the crypto markets work, especially with how almost everything tends to be correlated to Bitcoin at least to some small degree.

Yeah it is not like before anymore so you cannot expect altcoins to just be pumped when bitcoin is being dump.
That is not how it works by now.
With the more usage of USDT or just USD being added at exchanges it is difficult to see when an altcoin will get its chance to have a better value again.

A great hype is badly needed for it to happen. But that means a shitload of money for it to be fruitful.
Paying media outlets and so does social media vloggers and analysts.

Well that concept is fairly straight forward isn't it, but it's not that easy for the majority because they are chasing profits. And besides this is a free market and everyone can do their thing without affecting others.

So they made their constant decision to sell and dump and panic, and that's normal I guess. But there are smart investors who are laughing their ass out when they see some btc or alt dumps because they know they can buy cheap coins again.

i guess it's possible to make profits everyday.. you just need to be smart and well-informed or at least be really lucky

actually the dump of bitcoin and the dumping of alts is also normal because the trading pair for Bitcoin seems to be numerous. so when the price of Bitcoin fluctuates, other alts will fluctuate. This is the normal cycle of the crypto market so far, so we have to get used to this and make more accurate judgments. Anyway, I would encourage you to choose the BTCUSD pair to trade because it seems to be the center of the market. High liquidity and its volatility is often the same as the whole market.

in fact calling Bitcoin Dump is not a good idea, yes over the years bitcoin have played a significant role that has gone a long way to make it a model to other cryptos. Why is it that when the price of bitcoin falls all other coins are affected ,it is because Bitcoin Ranks the best of the crypto  coins in existence. Also most Investors are aware of the Volatile nature of Bitcoin,and with this in mind, it calls for investors to either invest for Long term or short term so as to be able monitor their investments and at long run will not come out to call Bitcoin names like Dump -the worst thing.

For the current situation, it is good. there are a lot of wise investors that didn't make any missed the trend. they know how bitcoin actually move and bitcoins downfall they already sell and now they are buying at deep and still reading the market. be wise enough and don't let your guard down to observe the trend of btc.   

will realize when all the coins that are held over time are losing their value. basically Alts is just an alternative to bitcoin and will definitely follow the influence of bitcoin. the only way to get profit even in the worst conditions like this is to do daily trading.

This is the reality of altcoins. They highly depend on bitcoin for their value. Even the king of altcoins cannot make progress without bitcoin moving forward. Even in 2017, it was able to gain high value of almost 1k dollars and above with the help of the real king, bitcoin. Therefore, it is suggested to all the holders of crypto currencies to read and understand bitcoin first and then continue the job.

My friends and I do a leverage tradings with bitcoins and I can say that the profit is quit good unlike if we hold for long since chances to lose in the market situation like this is so high.


It always dependable since Bitcoin user s at the top and it is always paired to any alt's around that's why we can see it's dependable and also maybe we should not say without Bitcoin  alt's cannot make a progress since I saw so many project still doing great eventhough the market is so red and questionable.

Bitcoin dump is an opportunity for me to earn money by margin trading. In the last 2 years, the fact is that we have very few opportunities to profit from regular trading and take a lot of risk if the token price drops sharply. So why not take advantage of this bear market to make money by short BTC and other altcoins?

That is the essential in this market. Because most altcoins have a pair trading with BTC, with the BTC dominance is still quite high (~ 70%), so that the whole market depends on the volatility of BTC. In the future, when stablecoins are higher and altcoins are paired with stablecoins, perhaps that situation will not happen again.

I guess this is just how the market works. A perk is that it makes the altcoins more predictable this way haha

It's possible once you already gain the right knowledge to use incorporating every ideas that you learned to the best outcome that you need. Scalping might be too risky in such a manner that only risky traders can manage to take. To those who can't afford losing in the short period of time needs to continue holding and wait for the bounce to happen. The chance is slim and the percentage of profits is small but good enough if you executed correctly.

Exactly, I mean the most of altcoins depends usually on the volatility of bitcoin over the years. As you said, bitcoin is dominating the crypto market with a high percent estimated at 70%. I hope that bitcoin's price will increase in the next few months, so we'll see a huge increase even in the other cryptocurrencies.

As usual if bitcoin dump it is the worst thing ever you will gonna meet somehow it can possible affect those traders by holding bitcoin in a for long time.

Have we gone too far from the DUMP? I don't know why people keep looking on the downside rather than staying positive and conquer our fear. For this fall have reason and that may an opportunity for the others to start investing crypto. It soon comes up and be in the bullish again, we need to be patient and stay calm for not all the time are in the upside but also we experience down sometimes which we have to understand.

It is good for the people who want to make money and know the potential of bitcoin and dump actually helps people to buy it at lower price and make money easily when the btc rises . This year has being again the roller coaster ride for btc .

We've been actually riding a roller coaster since from the very beginning and isn't surprising anymore to see price fluctuations all the time.
We have to keep in mind that all the changes we are experiencing today aren't just because of market manipulation, we are in the status that the market demand isn't strong enough to drive the market goes up. I'd never felt that there is a need to be panic, the same thing to sell our coins today cause there is a big chance that we will be turning back again to the bullish once halving is done next year.
I know most of us here are too disparate to see the market don't even move high instead of falling down. But we have nothing to blame for this cause that is exactly how the crypto market meant to be.

yes the price of bitcoin is still above $ 7000 and there still hasn't dared to go above $ 8000 as many people expect it at the end of the year, but if in my view altcoin always follows the price of bitcoin, usually like that in BTC pairs every altcoin will go up when BTC / USD is down, but this goes on irregularly, just waiting for the market to completely recover

That's not the worst part, you can avoid that dump. You know what is the worst part? It is the poor risks management of most of the traders. They can easily avoid the dump of the bitcoin if they know how to cut loss. Cut loss can minimize their losses and beforr you buy a coins you should know when is the right time to cut it.

People bought altcoins because they're much cheaper compared to bitcoin that's why whenever bitcoin price fluctuates all the other coin also falls. Some of the trader take this as a chance to accumulate more bitcoin. This show how popular bitcoin is for traders and investors but i also see some potential downside to this, what if bitcoin someday goes extinct we all know how limited bitcoin supply is. How would the crypto market would react ?

The price of the bitcoin compared to a roller coaster because it has a swing low and swing high and also parabolic moves. There is no straight path in a roller coaster and it is like the price of the bitcoin that are always swinging. Right now the price is continuing to go down because of the bear market but we should not worry to much because it will go up soon.

Well in my opinion BTC dump is not the worst scenario. Even if BTC dumps, it is a chance to buy alts when they are low. So do not look at the market just considering BTC going up or down. Every move of BTC is a great chance to buy cheaper alts and getting profit.

It won't warrant anything, especially for altcoins to be more profitable than of Bitcoin. Thus, investing altcoins will be a big risk and chances of losing if the market will continue to drop by. If we are about to invest, I would like to suggest that please consider Bitcoin only instead of investing altcoins.
We all know that most altcoins are depending on the Bitcoin price trend, once it drops again, altcoins will follow by then, that is what we think if we would take altcoins.

I am always surprised how that known fact is ignored by most traders, all the altcoins are completely dependent on how bitcoin moves, so if bitcoin is going up then most altcoins are going up and if bitcoin is going down then most altcoins are going down, it is so obvious that sometimes I wonder what kind of level the investors and the traders in this market have that they cannot comprehend that simple pattern.

It only makes sense to invest in altcoins when it is very clear that we are in the middle of an altcoin season and it should not be very surprising that such thing only happens when bitcoin is in the middle of a huge bull market.

Yeah no one can put doubt on the value of bitcoin as since long we know bitcoin is the best coin and no Altcoin had ability to beat bitcoin. I never become worried about the price of bitcoin even if it falls we should just trust it and hold it as long as possible. It has the most volatile nature so we just need to take advantage by buying low price and hold at dump after sometime it all will rise again.

Or you can invest to an altcoin while the price is very low like few cents. You don't have to wait to buy in the middle of the bullrun because its going to be too late for you to realize the bullrun had already begun few months go. Its true despite BTC getting pumped, its also going to be dumped at every highs but it doesn't make the altcoins drop to zero.

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.

I have never worried and panicked if the price of bitcoin is dumped, because as we know bitcoin is the most powerful cryptocurrency.
So how much does the price go down, it won't be long to go back up. So the safest investment is to buy bitcoin, when talking about
altcoins we also already know altcoins price movements following the bitcoin price movements. So from that if bitcoin prices go down,
altcoins prices will also go down. Likewise if bitcoin prices go up, altcoins prices also go up. Just how do we take the opportunity to get
down bitcoin and altcoins as an opportunity to buy at cheap prices.

Other altcoins also connected in bitcoin somehow bitcoin is the most popular coin in all altcoins. So its also affected by other coins to dump and not to pump.

It's our assurance to grab the best opportunities while seeing those promising coins dumped lately. Don't waste this chances, because you might be frustrated if you won't hold on with your asset. Some people didn't value the things that might affect their decisions, but I am confident as time goes on the trend will be reversed.

It's an open opportunities if you know how to work with it and you do have the patience to keep holding and keep adding your assets when you see the value  is still down. From how the market behaves you always needs to make sure that you are ready to any situations that may happen along the way, keep in mind that if you have good attitude you'll be able to catch up in the right timing.

I think most of the coins are not connecting to bitcoin at all, the price affected is because bitcoin is exist in almost all centralized exchange and the marketcap dominating all other coins that's why when btc price agile , other coins would be bleeding because people will fokus on BTC

When bitcoin dump the worst thing is I lost my money in significant value. Many coins already list in market, they follow the same leader but has different pair, their movement are mystery. Some people see it as gambling but for genius trader see it like future. Check chart history before enter market specially when use bitcoin, set TP/ SL for safety and good luck to you.

Even when Bitcoin pumps altcoins still gets dumped. But there are still some ups and downs, so I believe that's what people are trading on. When the price of Bitcoin goes up, there are just a few altcoins that goes up with it and they are mainly the top coins. The reason for this is because a lot of people start to dump altcoins and go for Bitcoin and top coins like Ethereum, and that affects smaller coins causing their price to decrease.

As for the main question you asked – why they dump when Bitcoin dump? Well, maybe it's because their prices are based on Bitcoin price, so whenever Bitcoin falls, it affects the general market.

bitcoin being dumped is not the worst thing that can happen on the crypto market but there are still other things that are more worst than this like if btc is banned on a certain country  .

 if its banned it does not only cause a price dump but it also make the market of bitcoin smaller  . banning on some country can also influence other country to do the same . banning and dump of the btc price are only few of the worst thing that can happen on the crypto space  .

Dump occurs at time intervals and likewise, pump. It is usually seen when there is a drop in price. It therefore, should be seen as a normal phenomenon, as far as the crypto market is concern. Bitcoin's dump and altcoin's dumps are not usually affected by same factors, but it is often seen that whenever there is a drop in the price of bitcoin, other alts seem affected.

I don't think the current price of Bitcoin could be considered a dump. As for me, a very low price of Bitcoin influences altcoins but we should take it as an opportunity to buy low. Instead of panicking and worrying because of the low prices, we should take it as an opportunity to buy and sell when the market situation gets better. That's actually the appropriate application of the basic trading.

It will be the worst thing if that will happen. Bitcoin dominates all other crypto currencies. Probably everything else will be affected if that's the case. For now, I guess it will not happen in a very serious dump. There are really ups and downs everyday but for bitcoin it will always be a controllable downfall. Everybody is still expecting and hoping for the best price that's why they hodl it for a long time.

If you only regularly hold bitcoin, the anxiety is not so much when everyone knows the probability of bitcoin's return is too high but for those who have no choice like you, they hold altcoins and when bitcoin is dumped, the level of bewilderment and panic is huge because their assets will decline seriously, sometimes it cannot turn around. Although bitcoin dumping is always an opportunity but I find very few people can take advantage of these opportunities, perhaps we should always be in a position to wait, rather than be passive

Definitely the worst thing will happen if BTC dumped because its controlling the overall market performance.
As the best asset in the market, it should have a good performance so altcoins will follow, although BTC does not offer the best use cased in the market but it is what people trusted more so we can't do anything about that as this market is controlled by those who are holding a high supply of btc.

As BTC's dominance stays at least over 60% , you can already expect what would happen if it moves significantly.

Let us just not forget that bitcoin was the first crypto coin and it attracted investors. If it had ever failed in doing so, no one would have shown even 0.1 percent willingness to invest in ethereum and then other altcoins that kept us popping with time till today. Altcoins highly depend on bitcoin for their progress and future. This is the biggest truth of digital coin market. Even ethereum, the king of altcoins, cant survive without bitcoin.

Man, you can see over 2 years, many altcoins was died or decreased more than 90%, seem to be worthless. I agree that we need knowledge and experiences if we want to earn from margin, but It's a possible way in this time, when almost holders lost their money day by day with the current market condition.

It is really a slim chance for us besides, investors have never been confident enough to the current situation we have today.
But if we have knowledge of crypto trading, we already know what we have to do. For a lot of trading options to use, we better choose the one that will warrant us a better result and we have to think wisely.

Newbies or not should be careful with the current trend of the market since we are in a little bearish trend. I don't know if this will stay stable for a week or two. The market is quite volatile to handle trading specially if the price continue like this. This dump is just a normal movement of bitcoin there's no need to worry.

Pump and dump are part of the life of cryptocurrency. If something never gets dumped then there is no future for it. But Bitcoin dump creates a domino with other altcoins thats why people think that its a worst thing in trading. But when it dumps and stabilized, there will be more inflow for alts.

Whenever bitcoin dumps, altcoins should also start pumping their value but now, they are still in a dump even if bitcoin is starting to recover again. This may be the worst thing ever since all coins only depend on the value of bitcoin. But with altcoins, i think it will take more years for them to recover from a dump.

Actually I don't  know on where did you get that idea since the one I see is when bitcoins dump the altcoins will follow and I think  the reason of it is the bitcoin  is the main pair  on any alts in the market that's why we can see some bad  changes in the whole market if there's something though times happened. But hopefully it will not take longer years to recover since we hope for the block halving to  resolve the market upset happening these days.

Altcoins are completely dependent on the value of Bitcoin, so in any case, Bitcoin should be more trusted. Currently, altcoins are no longer widely believed, so the risk can occur at any time if Bitcoin drops. In addition, altcoin investment will take a lot of time to wait and if you are unlucky, you will have a huge loss in this market. Of course, the final decision is yours and think carefully before doing this.

The real point is that right now all of us have to wait for the good bull market and if that time came then none of the coin will perform bad. In the current market the altcoins is facing the same situation which bitcoin is facing. The coming year will be best for bitcoin so it will also be better for altcoins. It is not right that now altcoins are not good but actually their time will also come when bitcoin pump.

This word is really desirable for some people because when the price is high then Bitcoin holder could be happy at that moment, but in the overall situation would not be same, I think Bitcoin and cryptocurrency price should be under controlled and it would be under regulation, basically, Bump is not good for anything, For me, Slow and Steady is the best process for gaining anything, Bumping is really harmful to the crypto investors and traders, it should be checked for the well being of this platform, but the true is Bump is becoming the regular part of this cryptocurrency, so how could you avoid this?

While the market for both bitcoin and altcoins are in a downward movement, we should really take advantage of this and buy a lot of cheap cryptocurrencies for holding until next year. I also believed that next year would be one of the best year for cryptocurrencies as there is a huge event for bitcoin and that would hype up the overall market resulting to a bull market.

When a huge big bull comes then altcoins can't resist neither, people do not realize that when a huge bull happens no matter when it happened the price of altcoins started to go up as well.

There is a threshold where when bitcoin goes up the altcoins go down in bitcoin value (usually go up in dollar value) but at one point when bitcoin makes like 10x increase there is no way of stopping altcoins neither, it becomes so cheap in bitcoin and so high in dollar that people start to sell their hugely increased bitcoins and start buying really cheap altcoins that increases the dollar value of those altcoins insanely. It is not something easy to achieve but it is definitely something quite possible when bitcoin bull hype happens. We just have to wait for it for now.

yes of course because that is the main attraction here in bitcoin  . wont you be happy if you witness the price is growing ? or unless you dont have any bitcoin avaiable to sell .

but the regulation can really control the price to not go dump  ? what i know is regulation can be beneficial on some aspects  .  bitcoin dump happens for a reason and you cant say that its not good for us but others did get benefit from this  . you must only know your side if were you belong whether you can do  better on the dump or on the pump

yes, that's for sure. so we should look at how Bitcoin is judging the alts. We have to accept long-term losses as the price of bitcoin has not grown in the last 5 months as it is in a downtrend. This is a great experience for us in the next few years. The thing that we should do now is to store bitcoins now and make a big profit in 2020. One way to be profitable in the long term.

But also no one will guarantee bitcoin in 2020 will better compared to this year because i'm really sure bitcoin price is controlled by the group of whales. All we have to is follow their wave and don't get trapped by FOMO. We have to ready with any condition that will come next year but i have a feeling the price will pump one year after the halving just like the bitcoin halving before back in 2016

Bitcoin dump can be the best thing if you had plans to short it. If you sold right before the drop, that drop is the great buying opportunity for you. Depending on the drop, you can double your bitcoins if you hit the right time for selling and later for buying.
In crypto you can try to turn every situation in your advantage, its a skill! At least try to something more before you start complaining.

Let us always assume that if there is a dump, there would also a probability of trend reversal nor changes of price action. When bitcoin crash, expect that altcoins will follow the same path.
I think it could be beneficial once you hit the bottom pick. If you bought when there is a decline in the market and sell when it reaches again the peak. But it is really hard to achieve.

Yes, dumping is natural and if the price fall makes us worried it’s no big deal if you sell your coins when projects are at height and you will make a huge profit but if you will sell at dump it is huge lose of your money better keep holding and controlling the emotions to become worried. Patience is the key to success in the dumping market.

I think when bitcoin dump why altcoin also dump, because when bitcoin dumps everyone will try to buy at the lowest price, so who hold altcoins sometimes follow the bitcoin trend. but when bitcoin is stable, altcoin will pump.

Sometimes dumping is  the best solution for us to gain back since if you do a cut loss and buy again for sure you will get back what you lose or you will earn huge money when price goes pump and also I can't actually blame people to get confuse or feel down when they see the market is falling since it's totally depressing to see our hold is losing  to much that's why we can see many people crying when market is totally in bad  state.

Yes, now the market situation is completely unpredictable because whenever Bitcoin dumps and Pump altcoin prices are kept decreasing and it is giving very good opportunity for the investors to grab the low valued altcoins. When again Bitcoin is becoming stable then the altcoins will start increasing their prices.

Agree that's why there's no need to be afraid on the situation of the alts since for sure there is a great comeback coming unto them when there's a great things will happen on bitcoins and we should remember that there is a halving coming which could lead for a good price growth so provably  we can experience the great market price bursting just like what happen in year 2017 events.

but keep in mind, for now don't hold too long altcoin, because it's true that the situation is difficult to predict, even the price of altcoin can be very low. You can see the comparison of last year and now, most of them have decreased 90%. but bitcoin, the situation will be better even if it drops below 50% after touching ATH. but sure next year will make a comeback and even make a new ATH.

Although we cannot really control the market, but we can control our emotion, let's always remember that we cannot really force the market of crypto as it is really unpredictable, so we should be able to stay focus and still consider the worst case scenario once the Bitcoin dumps, we should be ready when that happens.

I am not really a fan of such strategy, it may seem like it is a good idea to buy an altcoin when its value is very low but you are taking a huge risk, you are basically putting your money in a coin which you do not know if it is going to recover, look what is happening to coins like ethereum that after two years is still 90% away from its all time high, if the second best coin in the market is still showing those kind of tremendous losses what can you expect from other coins?

The truth is that if you invest in any coin that is lesser known not only you are risking to lose some of your money, there is a real risk that you could lose every single cent that you invested in such coin and I do not know about you but I'm not ready to take that risk.

Yes, I think this is just a correction of Bitcoin after after it had increased to $ 14k in the middle of this year. It has been accumulated for about 2 months now and lots of people predict the BTC price will drop sharply again by the end of this year. We better stand outside now.

Well based on top traders always invest in bitcoin and it is the most good coins of all so its a big problem for them if bitcoin dumps it will be a huge loss for those holders.

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!

There is no doubt in this fact that bitcoin is the leading currency in the world of crypto currencies and all coins are following it for rise and fall in values. Bitcoin has started recovering in price and in some time, altcoins will also show positive signs in prices. Altcoins take time to recover from dumps as they are not as strong as bitcoin is. In the coming months, altcoins will be seen at nice prices with bitcoin.

Not all the times because prices arent anytime correlated to each other on where btc price falls alts might rise.We have seen these events
same in the past but now were seeing the different one but well anytime it can happen.Its just random because traders/investors do have different
goals either they do accumulate alts when btc price drops or would simply switch up to fiat.Dump is an inevitable thing but it doesnt mean
that you cant make any profits with it.Think again!

It is fascinating that we same people are optimistic of bitcoins reaching $50k and $100k and then we are worried if even bitcoins falls a few hundred dollars for a couple of weeks. Sometimes I feel like how good and faithful the early investors must be because they just invested and there was no visible sign of pump either.

If we are actual investors and believe in bitcoins then these small obstacles should not bother us, yeah we are all upset when price falls but there must not be a dejected feeling being upset is a normal trend on price drop of any asset you buy but there must be a trust and faith in what you invested and if you don't then sell your assets now.

Normal human psychology, really, if you think about it, and seen most often at the casino. When your luck's good and the winning streak doesn't end, no one questions it, they want it to last as long as it can. Same thing happened in the crypto bullrun. People were shellshocked from 4k to 10k, but once price kept going to 19k, they didn't want it to end. No more talk of manipulation and no complaints. Everyone was piling it on.

When I say no one, I do mean among the voices that speak, of course. Those who stay silent always do in whichever climate.

Although the rapid decline of the Bitcoin price is bad and negative, I would like to point out that the momentary Bitcoin price rise for the prices of alternative crypto currencies is also bad. Yes, when the price of Bitcoin drops quickly, the prices of alternative crypto currencies fall much faster and much harder, but not only this Bitcoin decline but also the rise of Bitcoin has now become an investor's nightmare. Therefore, I think it is better to interpret the price movements in this way instead of just evaluating the downward trend.

We can't control the market but some big investors do control the market and they often sell off some coins from time to time to make the market panic and buy more bitcoins at a cheaper rate. What people must understand is that if there is no genuine reason why price is dropping for example mt gox scam happened that time it's obvious price to go down but if there is no visible reason why the price is going down, then we must understand that someone or maybe a group of people are trying to control the market and we as small investors must not fall into such traps.

The more serious we as traders get the least we will be affected by sudden market falls and swings. Similarly when price goes up, we should not be too happy about it because each pump is followed by a dump later.

I think the gambling thing is much different with bitcoin trading, bitcoin trading is based on demands while casino gambling is just depends on luck.
So, it almost 99% imposibble for bitcoin to drop that high and people should be not afraid as long as the demand is still high, we have to read the crypto news everytime if we have an investment in cryptocurrency so we won't get rekt when something bad happen to coin that we held.

I feel like dump is the best thing that can happen to bitcoins. Look since the start of bitcoins there have been some early investors who invested and trusted in bitcoins and they have all the rights and deserve to earn with their investment. But, if you look at the bigger picture the more these big guys or investors are there in market the more the market will be unsaturated and will never be liquid.

So, every time they dump the price of bitcoin might fall but actually it gets stronger inside and market becomes more and more mature in terms of depth and liquidity so yeah dump hurts but only a bit because it comes with a satisfaction.

Big Problem? How is that a problem?

I mean it is worrying when it dumps but it is not a problem since it is volatile, it is natural for it to dump. No one can predict what will happen, all we can do now is just to analyze the price chart and based on that, we make our investment. If it dumps, then let's not be salty about it, let's make it another way to earn by investing again if we can.

I wouldn't call it the worst thing, it will be worst only if you are going to panic and sell all of your coins, in fact, to the brighter side of this topic, dump is an stepping stone to whoever wants to gain profits in the long run, do the classic, buy low and sell high, but in addition, you also have to study about price prediction, chart analysis, that way, you could maximize the chance you have in making profits while you are waiting for the bull run.

Yeah, bitcoin in price Will rise and fall but we will have to take advantage from it and not to panic our coins until it fully rises again. We are in the digital era so crypto coins will rise and fall but we will have to move according to it. Try to buy some coins when the price is falling so we should try to buy when it down and simply try to store some low price bitcoin.

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 happens

But there ways to avoid to get dumped. I'm a trader and I will not let my position to get dumped. I have a big amount in my portfolio and my focus is to protect it and to increase it and that is why I have good risk management. I have a cut loss point where if the price reach it I will immediately sell all my positions. Having a cut loss price can help us to easily avoid dump in the market and all of traders and investors should have it.

Actually 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.

Some people have completely unrealistic expectations out of this market or any market in general, they seem to think that the only way in which they can get profits is for the market to always go up and when it dumps they are disappointed when it is something completely natural that happens in all the markets, if it wasn't for those variations in the price it will be impossible to buy a coin for a reasonable price and then sell it when it has been giving you profits.

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.

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

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.

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.

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.

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 (https://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. "

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 is the leader of all crypto currencies and we cannot deny this fact. People are launching bitcoin on daily basis or almost on monthly basis; we observe new projects and all of them are depending on bitcoin for their value. This is normal for altcoins to increase in worth when bitcoin is going throw pumps and they shatter badly when bitcoin is going through downs. We shall never ever invest into altcoins.

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.

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.

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.

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?

Many people do not cut their losses because they really wanted to avoid having losses, that is why they keep holding their bitcoins when the price is dump. Selling your bitcoins in a low price will also gives your regrets because there are also times that bitcoin will suddenly increased it's price.

Do you also ask yourself why does altcoins dump also when bitcoins pumps? 8)
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.

Yes it’s much better to get a small profit than lose or it’s better to earn late than never. So I will hold if the price of bitcoin fall as holding helps avoid so many risks. We should have the sense to buy at a low price and then wait until it recovers. Low price purchasing is good for long term holding as it takes time but gets chances to earn huge profit.