Suspicious of the Crypto Market: Why must all the Coins go RED at the same time?

[globalcitizen]

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.

[michael shikany]

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.

[coinporch]

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  
just few altcoins stay green mate

[batang_bitcoin]

It has been told many times that all altcoins are depending to the movement of bitcoin.

If bitcoin goes down, alts will follow and this didn't only happened once. There's a domino effect for the crypto market, think of it what do you need to purchase those altcoins in exchanges? bitcoin right?

Let's say USD or ETH, ETH is depending to bitcoin so the rest of it's kingdom is also falling.

[globalcitizen]

It has been told many times that all altcoins are depending to the movement of bitcoin.

If bitcoin goes down, alts will follow and this didn't only happened once. There's a domino effect for the crypto market, think of it what do you need to purchase those altcoins in exchanges? bitcoin right?

Let's say USD or ETH, ETH is depending to bitcoin so the rest of it's kingdom is also falling.

I am still finding it hard to understand how selling my Bitcoin will affect the value of my Ether. It is true that all the Coins are built in the same blockchain technology but I don't think that selling Bitcoin will lead to selling all other coins at the same time to necessitate simultaneous fall in the price of all the coins.

[crestella]

All coins have an effect on bitcoin, if bitcoin down eat most altcoins will also go down that's what I see so far in the market of coinmarketcap.
So do not panic easily for all the current red coin.

[batang_bitcoin]

It has been told many times that all altcoins are depending to the movement of bitcoin.

If bitcoin goes down, alts will follow and this didn't only happened once. There's a domino effect for the crypto market, think of it what do you need to purchase those altcoins in exchanges? bitcoin right?

Let's say USD or ETH, ETH is depending to bitcoin so the rest of it's kingdom is also falling.

I am still finding it hard to understand how selling my Bitcoin will affect the value of my Ether. It is true that all the Coins are built in the same blockchain technology but I don't think that selling Bitcoin will lead to selling all other coins at the same time to necessitate simultaneous fall in the price of all the coins.

You are not the only one that is selling so it's a force that comes together, small forces --> big forces which leads you to have impact to the prices. This has been the belief due to those coins are also intact and connected to bitcoin so if bitcoin goes down, other alt coins are simply following regardless you are holding ETH only. It's hard to understand but soon you will.

[cryboy24]

Bitcoin ranks 1st among all the cryptocurrency. So, when its price starts to fall, others follow as well. I know that it's a vicious cycle, but it happens.

[ashley_49]

From my point of view I think when bitcoin falls all other coin starts to fall. Because bitcoin is the main cryptocurrency in crypto industry and when it falls other coins started to fall down and become red.

[dunfida]

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.

Don't be so shocked on whats happening recently on the market yet those kind of movements are just like ordinary days here on crypto market. If theres a red days then normally investors,whales,small scale traders and other who are engage on it do make profit taking that's why we do see bitcoin and altcoins drop its price and further on when they decide to accumulate cheaper coins then recovery would really be seen. Talking about whales and manipulations it think its always been part and those people do have always the advantage.

[vaso11]

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.

Everything is easier than you think.In altcoins invested a lot of bitcoins, and when the price of bitcoin begins to fall strongly, most people simply sell their altcoins for bitcoin, and bitcoin sells for dollars. Therefore, it turns out that altcoins are falling even more than bitcoin

[ashley_49]

Yes I also have seen so from last few months. I am not so sure. But I think somehow there is a dependency of all on btc. So I found when btc price go down, others follow it.

[Robin,Hood]

Oh hello welcome to the slave planet.

[HadadC]

Its really normal situtation. We cant expect all the time green. Dont look for suspicious things.Trust market.

[labake]

It’s closely normal all time, why BItcoin is down other Altcoins are used to be down base on statistics and observation but that doesn’t mean or compulsory that all Altcoins would be down always while BTC is down. On different occasions like that, while BTC is down, few altcoins are doing great but rare.

[Robin,Hood]

Oh hello welcome to the slave planet. Of course the whole thing is rigged.

[paulmaritz]

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.

Yes, Bitcoin normally sets the direction of the overall market. That being said, the market is certainly being manipulated by someone with deep pockets. E.g. earlier today, almost all cryptos increased with 5% at the same time.

[Conasse]

Nothing to worry other than the same people with their FUD. I will be back maybe at the end of the week of the next. I use it as an opportunity to buy more. Bought Zencash today for a short and good profit coming after I wanted to buy a second altcoin but changed my mind

[Broesel]

It is more or less the same with the stock market. Ever heard of the black friday. It is market psychology that a lot of people sell when they see red numbers, because they think they are going to loose a lot more if they hold. Long term hodlers should more or less just ignore the red numbers and stick to their long term goals.

[Zadicar]

If all the coins go RED, should you buy the coins that go green?

I dont know if this is a serious question or not but just to answer it up. Who would be the dump person would buy that coin in green when the market is on red tide? You are surely going into opposite way.

It is more or less the same with the stock market. Ever heard of the black friday. It is market psychology that a lot of people sell when they see red numbers, because they think they are going to loose a lot more if they hold. Long term hodlers should more or less just ignore the red numbers and stick to their long term goals.

Those are just beliefs or tradition on traders part and it is just applied into stock or forex market but crpytocurrency market is way too different where even a small fud will mainly give effect.