I don't understand why every time bitcoin goes down, the price of dnotes goes down further more. In USD it has depreciated from $0.32 to $0.11 now. This is a total control of whales. There are more DNotes in whales pockets than in long-time holders pockets. A coin holder won't dump like that and with this volume...
That seems to be the case with pretty much all altcoins today.
If you look at overall BTC dominance of the total coin market cap, it was like 37-38% a week or two back. And right now, it's 43+%. So, it stands to reason that on a day when 145 of the top 150 coins are in the red (with most of them being down 10+%), and a day that is seeing an increase in BTC market cap dominance....that most alts would fall further today than bitcoin.
Doesn't seem too out of the ordinary, all in all. Though it does kinda suck to lose the kind of money today, overall (in BTC, LTC, ETC, ETH, XRP, and SYS, along with NOTE) that make grown men cry.
But I'm determined to be not be emotional about all this volatility. Either up, or down.
HODLLLLLL
I still don't understand the correlation between BTC and alts . Why the other coins drop in price when bitcoin drops ? I was inclined to think that people sell BTC to buy alts which would have a totally different effect from what is actually happening now. So is it the market totally controlled by bitcoin whales ? And the whales sell when the BTC price is up then buy when it reaches a bottom and so on , accumulating more and more from the unexperienced traders? over the last 24h i lost more than $10000 which is very annoying. Well "lost" is inaccurate because i'm still on the green side overall but this volatility is not for the faint-hearted.