Bitcoin Dump - The Worst Thing

[Harlot]

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.

[Shasha80]

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.

[Malamok101]

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.

[Hippocrypto]

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.

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.

[matchi2011]

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.

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.

[wajik-tempe]

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.

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

[nicolas1979]

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.

[fullhdpixel]

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.

[imstillthebest]

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  .

[Webberson]

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.

[Genemind]

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.

[Asmonist]

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.

[Williams_Leo]

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.

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

[Viscore]

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.

[supercanada1]

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

There's no "significant" effect but in terms of trends. Altcoins tend to follow up quite often and that's normal now these days. Even if I was looking forward to invest in ETH, it would be inevitable to get something at least for Bitcoin for a while.

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.

[icekohl]

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.

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.

[Capt00]

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.

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.

[Hamphser]

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.

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.

[johnwest]

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.

[Maslate]

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.