Why your alt didn't dump as much

[youdacapt]

I was wondering why the alt I was holding didn't dump as much as top currencies then came to a Twitter thread elaborating there is no exit liquidity for alts to dump as fast. Liquidity having coins dump first and others later.

It got nothing to with project itself, it's just market. It's better to exist asap.

There was nice Twitter thread explaining all this but I forgot where I read it.

So if you were curious, there it is.

In my opinion, i think there was enough liquidity for anybody to dump their alts. But alts didn't suffer so much because majority of the devs (project owner) decided to continue to buidl and not rug. if you see majority of alts that crashed massively; its either its a slow dump, or a huge sell off by team. And one trend i noticed these bear market is that people sell their btc to buy alts, is that a sign of dominance by alts? or a coincidence ?

[carlfebz2]

I was wondering why the alt I was holding didn't dump as much as top currencies then came to a Twitter thread elaborating there is no exit liquidity for alts to dump as fast. Liquidity having coins dump first and others later.

It got nothing to with project itself, it's just market. It's better to exist asap.

There was nice Twitter thread explaining all this but I forgot where I read it.

So if you were curious, there it is.

There are certain projects which can withstood bear market specially on the leading coin or king of crypto which is Btc and on the time this coin is on the floor then expect that everything would really be pulled down that's why always anticipate so that you won't really get frustrated and if ever your coin that been holding didn't dump much then be grateful because on the current trend we do have then everything is really going down to the floor which is something inevitable to happen.Take the chance to accumulate more when its cheap but lots or majority is really been doing the opposite or simply just stay idle and wait up for the
recovery before they would make out some step which is something no sense at all, i could understand that human emotions do really play out on this one but they shouldnt tolerate it.

[TimeTeller]

I don't know if I'm the only one who is lost here, following OP as they didn't list the alt they're hodling which didn't dump. From what I've seen on crypto sites and my portfolio, alts dumped seriously. Except OP is referring to stablecoins, otherwise alts dumped. They're likely to dump even more in days to come as I believe Bitcoin isn't yet done with its correction. We know whenever Bitcoin goes down, it drags alts with it.

Of course, if you are talking about stablecoin, it won't really go down.
This is why it is stablecoin, if it will go down hard, then, something is wrong with your stablecoin.
And that was like what happened in LUNA.

The OP haven't mentioned the specific alt so we have no idea why that alt has not lost much.
But in this market, the decline is really very subjective as there are so many factors involve.
Not only the current situation but the activities of the team themselves.
Are you going to expect the coin will progress if the team is slow in their deliverables? Nope.

[Xampeuu]

I was wondering why the alt I was holding didn't dump as much as top currencies then came to a Twitter thread elaborating there is no exit liquidity for alts to dump as fast. Liquidity having coins dump first and others later.

It got nothing to with project itself, it's just market. It's better to exist asap.

There was nice Twitter thread explaining all this but I forgot where I read it.

So if you were curious, there it is.

There are certain projects which can withstood bear market specially on the leading coin or king of crypto which is Btc and on the time this coin is on the floor then expect that everything would really be pulled down that's why always anticipate so that you won't really get frustrated and if ever your coin that been holding didn't dump much then be grateful because on the current trend we do have then everything is really going down to the floor which is something inevitable to happen.

By being able to survive the altcoins that you hold, it is possible that later it will be easy to crawl up when the bearish season for bitcoin ends. this is an advantage in itself, so you will be more confident to hold it until the goal is achieved. on the other hand, if we have a view of altcoins that have fallen far but have potential, then this has the opportunity to be diversified according to your analysis.

[Oshosondy]

Bitcoin and Ethereum are bought and sold highly with leverage, hence significant movements in either direction can cause liquidation cascades hence the more sort of 'violent' movements. And to add to that, liquidation cascades on DeFi loans with ETH and wBTC as collateral.

When the bear market started, altcoins dropped more than bitcoin and ethereum, bitcoin market dominance even grew from 44% to almost 47%, but I noticed ethereum dropped from almost 20% to 17%. But later which was last week, bitcoin market dominance decreased to almost 44% and ethereum to almost 14%, altcoins did not really drop. I saw coins like Solana increased and altcoins did not really fall, but it was an unusual case. Later, the altcoins also dropped, then bitcoin started to grow from $17500 to over $21000. But this does not change what has happened overall, bitcoin dropped lesser, ethereum dropped more, while altcoins dropped most if you check the all-time-high of each coin and compare them with their present low. Many altcoins habe dropped almost or over 10x.

[judaspriest]

I was wondering why the alt I was holding didn't dump as much as top currencies then came to a Twitter thread elaborating there is no exit liquidity for alts to dump as fast. Liquidity having coins dump first and others later.

It got nothing to with project itself, it's just market. It's better to exist asap.

There was nice Twitter thread explaining all this but I forgot where I read it.

So if you were curious, there it is.

There are certain projects which can withstood bear market specially on the leading coin or king of crypto which is Btc and on the time this coin is on the floor then expect that everything would really be pulled down that's why always anticipate so that you won't really get frustrated and if ever your coin that been holding didn't dump much then be grateful because on the current trend we do have then everything is really going down to the floor which is something inevitable to happen.

The top coins are certainly unquestionable and will survive in the midst of the current market conditions,
although in the past few days we saw the price of Bitcoin go down but now the price is back up,
but it's certainly not a guarantee that it will be bullish

[sklopan]

In fact, it is worth understanding here that each alt depends on many conditions, and the correct approach really requires understanding.

[el kaka22]

Alts certainly did drop, however another thing that I have observed is that btc/alt pairs usually didn't drop "that "much, some did a bit ,but nothing really crashed that much at the top. Most of them had a similar or close drops to btc levels. Meaning if bitcoin goes up 50% as well, then those alts could go up 50% too, and that would be a pretty good deal for them.

I am not saying that this is what is going to happen, but it is quite possible for sure. There are some like Luna for example, and few others, that crashed to oblivion and that is a big problem on their part, but at the end of the day we are talking about something that is rare, and not the general market.

[Kadal Ijo]

The altcoins that I save such as FTX, Doge, Tron and so on are not too dump like what happened in Bitcoin, in my opinion because the community is still strong so that when there is a market correction it does not panic, they continue to recommend buying more so that it makes Altcoin look better than Bitcoin.

[Silberman]

I don't know if I'm the only one who is lost here, following OP as they didn't list the alt they're hodling which didn't dump. From what I've seen on crypto sites and my portfolio, alts dumped seriously. Except OP is referring to stablecoins, otherwise alts dumped. They're likely to dump even more in days to come as I believe Bitcoin isn't yet done with its correction. We know whenever Bitcoin goes down, it drags alts with it.

According to the OP the altcoin they are holding did in fact went down, just not as much as the top coins, and to me there is a very easy explanation about why that was the case, and it is those coins had already went down more than the top currencies on the months before the crash  that got bitcoin to test the 17k level, so there were less weak hands holding those coins and this reduced the impact of bitcoin losing so much value at the time, so it is not that those altcoins suddenly got sturdier it is simply they were closer to their bottom already.

[Joshapat]

As we know that the price of Altcoins is very dependent on Bitcoin, ETH and BNB, the 3 coins are very decisive whether to Red or Green, as happened today I am happy because the green market and makes a lot of My Altcoins go up to 20% or more.

[Bushdark]

I think this question is a old one because by this time of the day, many altcoins had gone zero. I can't even believe what I'm seeing in the market. Is like everything had crumbled and we now have to start again.  The market is not funny and we have to take it the way it is. I am currently in bigger loses and I am still altcoins and their pricea had really gone down. Let's see what we happen between new and next year if the market will come back to normal.

[Smitty Werben Man Jensen]

As we know that the price of Altcoins is very dependent on Bitcoin, ETH and BNB, the 3 coins are very decisive whether to Red or Green, as happened today I am happy because the green market and makes a lot of My Altcoins go up to 20% or more.

That's true and a simple example we can see at this time when Bitcoin is back up even a little but it's enough to affect Ethereum and BNB so that both coins also go up,
I hope the Bitcoin price goes up little by little and if it really happens and continues I think that's good news

[TheGreatPython]

I don't know if I'm the only one who is lost here, following OP as they didn't list the alt they're hodling which didn't dump. From what I've seen on crypto sites and my portfolio, alts dumped seriously. Except OP is referring to stablecoins, otherwise alts dumped. They're likely to dump even more in days to come as I believe Bitcoin isn't yet done with its correction. We know whenever Bitcoin goes down, it drags alts with it.

Of course, if you are talking about stablecoin, it won't really go down.
This is why it is stablecoin, if it will go down hard, then, something is wrong with your stablecoin.
And that was like what happened in LUNA.

The OP haven't mentioned the specific alt so we have no idea why that alt has not lost much.
But in this market, the decline is really very subjective as there are so many factors involve.
Not only the current situation but the activities of the team themselves.
Are you going to expect the coin will progress if the team is slow in their deliverables? Nope.

Most stable coins can only go down with a tiny percent but they can be able to return immediately however there's a different kind of stable coins like ust which can depeg and drop by major percent's. OP thinks all users here are psychic which can predict the coin he is talking about xd. Right a lot of factors are in play on why a coin's price can change but the op thinks there is only one factor. He said it's only about the market but it think that is wrong.

@OP if your alt didn't dump then congrats but it doesn't mean that you are alt are now better compared to the top altcoins. Most of us here arent curious anymore on why alts dumped since this issue isn't new anymore but we are used to it already.

[iv4n]

I think this question is a old one because by this time of the day, many altcoins had gone zero. I can't even believe what I'm seeing in the market. Is like everything had crumbled and we now have to start again.  The market is not funny and we have to take it the way it is. I am currently in bigger loses and I am still altcoins and their pricea had really gone down. Let's see what we happen between new and next year if the market will come back to normal.

It's an old question, but always popular! Especially in these times when most of the market is red! Indeed many coins and tokens went down, but some are holding pretty well! The crypto market is never fully red or green, there are exceptions!

The market will come back to normal, and many coins will make new records, but some of them (or many?!) are going to zero, that's for sure! Some of us like to have fun with alts and new projects, we risk and sometimes we make a nice profit if we find a good pick! And for sure sometimes we lose money... it's the risk we all face with when dealing with something new and untested!

[LastKiss]

I was wondering why the alt I was holding didn't dump as much as top currencies then came to a Twitter thread elaborating there is no exit liquidity for alts to dump as fast. Liquidity having coins dump first and others later.

It got nothing to with project itself, it's just market. It's better to exist asap.

There was nice Twitter thread explaining all this but I forgot where I read it.

So if you were curious, there it is.

I'm wondering which Altcoin you're mentioning, though many altcoins are on a bearish market right now and some of them get dumped and pumped. I'm curious too what its utility and when the project is born. If you can provide the link for the Twitter thread that you mention I will be gladly to read that too.

[virasisog]

I was wondering why the alt I was holding didn't dump as much as top currencies then came to a Twitter thread elaborating there is no exit liquidity for alts to dump as fast. Liquidity having coins dump first and others later.

It got nothing to with project itself, it's just market. It's better to exist asap.

There was nice Twitter thread explaining all this but I forgot where I read it.

So if you were curious, there it is.

I'm wondering which Altcoin you're mentioning, though many altcoins are on a bearish market right now and some of them get dumped and pumped. I'm curious too what its utility and when the project is born. If you can provide the link for the Twitter thread that you mention I will be gladly to read that too.

Different altcoins especially those that are on top have experienced pump and dump this season. I guess it will be better if Op did mention that altcoin that he's pertaining to. The volatility of the market is too high these days but that's an advantage and traders are also taking advantage of it. There will be altcoins that would pump higher when the market recovers and some may not recover anymore.

[sulendra12]

It got nothing to with project itself, it's just market. It's better to exist asap.

At this point, the causes of huge drop because of the market because Bitcoin and other big altcoins are following the trend right now. Also not all of the coins are having big dump just like other altcoins out there, so If you are investing into one of them then it's good for you and you might be interested to invest on more altcoins that you think might be profitable later on, it's a really great opportunity to do it

[Silberman]

I think this question is a old one because by this time of the day, many altcoins had gone zero. I can't even believe what I'm seeing in the market. Is like everything had crumbled and we now have to start again.  The market is not funny and we have to take it the way it is. I am currently in bigger loses and I am still altcoins and their pricea had really gone down. Let's see what we happen between new and next year if the market will come back to normal.

And this is only the beginning, even if the price of bitcoin did not went down anymore it is doubtful it will go up significantly any time soon, this means that a great deal of the coins which were released recently or that were about to be launched are going to simply disappear as investors do not have the money to waste on them, meaning that during the next years we are probably going to see thousands of coins disappearing from the market, unfortunately this only means that thousands of useless coins will be released in an attempt to take the place of the coins that will disappear.

[Issa56]

From my own portfolio all my altcoins dip am kind of suprise when you said your altcoins didn't really dump much, maybe you should just list those altcoins you are holding so we can look into it and see how true it is, or maybe you didn't buy those altcoins early, maybe you bought them when the dump have already started that's why you think they don't really dump much because am sure most altcoins are down buy - 50% which is kind of high.