bitcoin is controlled

[masulum]

I think this is because bitcoin integrates with almost all altcoins, so that when the price of bitcoin goes down or goes up, it will also greatly affect the movement of altcoin prices significantly, but it does not rule out the possibility that bitcoin prices can be controlled by people in power.

Traders carry out trading activities based on the conditions that exist in Bitcoin. That's why there seems to be an alignment with altcoin prices. Still remember this?
- BTC UP -> Altcoins Down
- BTC Down -> Altcoin Down
- BTC Stable/Sideway -> Altcoins UP
Why is that?
When BTC UP, altcoins go down because most of them will do trading activities on BTC and choose to sell their altcoins to making another entry to the BTC to get a profit. That's why altcoins started to show a decline.

On the other hand, when BTC is down, why aren't altcoins going up? because there will be concerns from traders, if they hold their altcoins, they are afraid that BTC will go deeper, so they are start taking stop limit actions, and start waiting for the correction process to finish then entry. If there is FUD circulating, they will wait for the FUD moment to end.

When BTC goes sideways, traders start to feel that BTC is in good condition, there is no FUD, so traders start looking for alternatives to get profits, starting to actively trade on altcoins again and making altcoin price going up.

This is an example of normal situations on market. So, this is not a kind of control but is the alertness of traders who understand the potential and risks in trade.

IMO

[tygeade]

Since most of the major altcoins move up or down at the same time as bitcoin, aren't they all controlled? How does it work?

Bitcoin is controlled yes but not in a way that it was been manipulated by the big whales or institutions because the coin is the most decentralized and fair among all other cryptos. Altcoins move up and down because this is the nature of cryptos. It's called volatility. Bitcoin has this too but the rate of Bitcoins volatility is much higher compared to them. It's also known that Bitcoin can manipulate the altcoins but some small altcoins can be manipulated by someone else. They are often called as pump and dump.

These are the one's that we must avoid because they are not contributing anything in this space. They are only here for business, to make a profit and the only one that can profit the most is their creators, not the investors.

[Abiky]

Bitcoin is controlled yes but not in a way that it was been manipulated by the big whales or institutions because the coin is the most decentralized and fair among all other cryptos. Altcoins move up and down because this is the nature of cryptos. It's called volatility. Bitcoin has this too but the rate of Bitcoins volatility is much higher compared to them. It's also known that Bitcoin can manipulate the altcoins but some small altcoins can be manipulated by someone else. They are often called as pump and dump.

These are the one's that we must avoid because they are not contributing anything in this space. They are only here for business, to make a profit and the only one that can profit the most is their creators, not the investors.

I think the OP should change the title from "Bitcoin is controlled" to the "Crypto market is controlled". After all, whales are the ones who move market prices in their favor. Not Blockchain networks themselves. Bitcoin is by far the most decentralized cryptocurrency in the world, especially now when most coins are switching to PoS. Exchanges can do whatever they want with PoS coins using customer funds, but the same cannot be said about Bitcoin. They need to control around 51% of the network hashrate to be able to "steer" Bitcoin in their own direction. And we all know that's impossible to achieve considering that lots of money will be spent in the process.

The community should keep Bitcoin decentralized to help ensure it lasts for generations. As long as it stays that way, we should have nothing to worry about. Who knows if 99% of altcoins die in the long run due to lack of decentralization and censorship-resistance? Just my thoughts