Post
Topic
Board Altcoin Discussion
Re: How much damage done in Altcoin Due to these Pump&Dump in Bitcoin prices
by
jostorres
on 13/02/2020, 14:18:19 UTC
Usually we all want to see Bitcoin pric go higher and higher in each single minuet, But this is painful that when BTC grown and we drop out portfolio. Basically Alt market comes in crypto for multipurpose but most of use involved in alt market for making our bitcoins double, triple or more than this.

Here is everybody knew about that whenever bitcoin make sudden move weather its base on any news or due to whales artificial price manipulation this cause huge damage done in both our portfolio and alt coins too.

I think this is very strong reason of alt market crashes and many of new investors harms too from this behavior of market.     
It’s mostly the smaller coins and tokens in the market that are being affected by such. Whenever the price of Bitcoin makes a move other altcoins that are on top list usually makes a move with it. And moreover it is being said that cryptocurrency is volatile, we all are aware of that.

So, you shouldn’t be a expecting that at all times, all the cryptocurrencies will also not move the same direction, they are different and the price movement will show that, when some are going up others would be failing. And there are people here who don’t care, they just want to make that quick money and leave and that’s why some of them go to the extent of forming groups on telegram that just pumps and dumps coins.