I have noticed it when actually the bitcoin price is rising up the cryptomarket also will. Is that because of bitcoin is directly proportional to the other cryptocurrency? so that when bitcoin dumped the other crypto also will dump? Whats your opinion about it?
I think so. As the data of recent months, as the price of bitcoin increases, the volume of altcoins also increases. Because bitcoin is the trend of the market.
Selling process will take place only if users see the price going high after noticing increase in price ofcourse they will sell for profit. They are waiting from a long time and finally the wait will over if the price start increase trend. As we know that it is known by long term word so we should do the same to hold all our coins till high market where exactly we will sell for profit if the price increases according to desire of people.