Wondering Why When BTC drops, ALts drops!

[penig]

Its simple herd mentality and fear.  If you want to believe its some large "whales" who happen to hold lots of altcoins and dump everything at the same time, then i have a bridge to sell you.  Its simply hundred or thousands of people reacting to some trigger and then following everyone elses move to sell, or simply not buy.  Just the same as when everything rises, lots of people buy and few sell so prices rise, even though there's been no real change to the outlook.