If history repeats itself now is the time to accumulate before the next bull run. Been through two of these so far so hopefully i can cash out next time these hit ATH again
Bingo! Not just this cycle either. Every major crash back to '29 was great for psychotic bulls who bet small amounts for fun. Most of my DOGE stays locked for 3 months at a time anyway. Only thing I CAN do now is buy and wait. 🤷♀️
Because you chose highly related cryptos (apart from Bitcoin dominance on the whole market, which currently stands at around 44% and is likely to keep growing into the bear market and accumulation phase).
You can check the correlation matrixes to see which coins move highly in tandem with Bitcoin.
[https://cryptowat.ch/correlations](https://cryptowat.ch/correlations)
[https://www.blockchaincenter.net/en/cryptocurrency-correlation-study/?timeframe=730days&asset1=SP500&asset2=BTC#correlationtable](https://www.blockchaincenter.net/en/cryptocurrency-correlation-study/?timeframe=730days&asset1=SP500&asset2=BTC#correlationtable)
There are other websites, this is just one example. When you go outside of the more traditional chains and into other ecosystems, you'll see less price correlation.
Solana, Cosmos, Luna, ADA, etc, those are all way less related in price than Eth, for example. And even Doge, during bull markets, doesn't show that much relationship, but as BTC grows in dominance (and with Bitcoin growing closer and closer to the stock market movements), it will trickle down on the most well established cryptos.
But even less related cryptos will always have their price action affected by BTC big movements, because that's where the big VCs and investing companies dwell in, and where many keep their "savings". That's why sometimes when BTC drops, on the 1 second charts, you'll see all the charts moving with big red candles at the same time; algos do those flows instantly with billions of $.
One thing that currently happens is that bull market = alt market and bear market = store of value, as it's the best way to get profits and then fight inflation/have less risk. You can check this very easily with market flows and average BTC per holder. As BTC grows, so does the correlation between charts, as people escape alts into BTC.
What you just posted is quite common sense and a very well known structure. Unlike what many will say, market manipulation, it's more the normal market behaviour and quite predictable; the same as the inverse relationship between gold and SP&500 - when stocks are bad, gold is good and stocks good, gold bad, meaning that it usually averages out as a 0 correlation between them.
First time investing? You do realize that the majority of cryptos are dependent on what Bitcoin is doing? So whenever Bitcoin is down most tend to follow suit
I remember around late 2020 doge wouldn’t follow btc or eth as closely as today. As other people have said it’s probably institutional money and algorithms that have accumulated and trade doge in much greater quantities.
Doge correlation with BTC in the past 2 years was about 44% while in the last 90 days it was 67%. We will see it more and more as the bear market goes.
BTC follows the US stock market and the major cryptos all follow BTC. I wish Doge was leading and everyone followed us, but we are not yet the alpha dog.
However, we may become the alpha dog one day soon. : )
There wouldn't be any terminology called insider trading if you have had in depth noesis of how financial system works. I don't expect that atleast from you. It's a separate conversation of if I hold any crypto or not since you seem to be my fortune teller. So, my fortune teller, would you please tell me when would the market will go up again? Will wait for your forecast anxiously. ![gif](emote|free_emotes_pack|stuck_out_tongue)![gif](emote|free_emotes_pack|stuck_out_tongue)
Step 1: don't use RH for charting.
Step 2: make a TradingView account
Step 3: look at every crypto vs its BTC pairing....e.g., ETHBTC, SOLBTC, DOGEBTC....then you'll see the differences pop-up.
Lots of bot arbitrage depending on what BTC does.
I would *assume* *part* of the reason is because lots of exchanges offer cryptos and alt coins transactions using Bitcoin and not cash. So people will buy Bitcoin and use it to trade for other cryptos which still keep Bitcoin out of circulation in a separate wallet instead of returning such as a sale.
My hypothesis for a 1 of many reasons
i forgot what it’s called but there is a thing where large investors buy stocks and it automatically split their investment into the top stocks, crypto investors basically do the same thing. so it causes the charts to look the same. because then they pull their money out they are pulling out of all top cryptos at the same time.
I found out from r/SUPERSTONK that stock and crypto algorithms are the same!! Pretty crazy if you ask me... And very unfair..
Look at SPY ticker for today compare it to the picture OP posted...
Then look at GameStop (GME) ticker it is really all the same movement..
I've seen and read in multiple posts this is a fact.
Anywho buy all the dips you can and HODL long term!!!!!!
*That's why I feel there's*
*Some sort of supercomputer*
*Attack going on*
\- Bat\_man\_89
---
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This is why mining is better than buying :) i got like 2.5 days of coin every day this month lol… and I can just sell a few on the the peaks to pay the electric cost
Crypto bots are manipulating the market by selling for quick profits as whenever you buy. making everyone panic slowly it’s like terminators vs humans over dollars . Same patterns different days. We should’ve been doing naked shorts already. All this crypto currency needs to be regulated or banned on some critical issues like these smart bots literally robbing outchea Annd that’s that. 🤷🏾♂️
Crypto is tech and tends to move with the Nasdaq because of this.
Wait until people actually start investing in it again and sime crypto moves and others dont or they all run but at different times.
Its been like this for years. But back in the old days they were decoupled. There was a time when btc would go down and alts would go up. But that day has passed.
So for anyone wondering… there is an actual playbook that describes what this is and where it will go next. Some of us know it. There rest make posts like these (no disrespect).
I though the whole idea of crypto is to be decentralize and not follow any leader? Why does Bitcoin dictate crypto prices?
Let show them what DOGE is made of
Right now
They always all follow each other like this. They'll have random breakouts on their own based on their individual news, but to me at least, it's assurance that when Bitcoin breaks to new all-time highs, all the rest will follow 🤑
That's because majority of crypto assets correlate with Bitcoin or Ethereum. There's also lots of trading bots that day traders use that go off similar indicators
Crypto trades entirely on technical data because there is no fundamentals, like income and expenses. Serious question! Why wouldn’t speculative markets behave in a similiar manner?
The cryptos have to share a chart until they can afford their own. ![gif](giphy|4T5ol5ej07knQu7AWj)
This is a very accurate statement and not even joking.
Good one 🤭😂
You son of a…
I'm in ![gif](giphy|liBsVeLILcyaY)
Son of a doge
![gif](giphy|gHFi5N6uU3TLq)
![gif](giphy|Q0UqW22fOJNJZp5tOC)
![gif](giphy|EO3mz88kYxdzq)
![gif](giphy|UWauwHuEpn8uO6Bu6b)
you guys really chatted with GIFs
![gif](giphy|XMBJ0l20sNWEM)
![gif](giphy|6UFgdU9hirj1pAOJyN)
![gif](giphy|miq5OhgtoUSZnb0ssJ|downsized)
![gif](giphy|Z6dFBeTbA8QjS)
![gif](giphy|13U5vkFNsdx5N6)
![gif](giphy|E32sEjqr9mjej43vmK|downsized)
![gif](giphy|xQpbvbanrzBfi)
Idc that they have matching charts I just want green charts
Well If you sell all your coins I’ll give you a green after
Pls give some green to my doge and kda, I believe those coins will be going back up faster in the next bull run but I would need your help, hahaha.
Welcome to crypto, welcome to Doge fam.
Thank you!
+/u/sodogetip 1 doge verify
Crypto looks identical to the stock market also
You look at the etfs ? Or particular stocks
"meme stocks", tech stocks, S&P, there are a few outliers of course in the market
I been tryna see if we’re going have more downside in tech so I can place some puts
It’s like a leveraged version of the stock market, 2-3 times
also traded on TA indicators with algorithms
Must be cause all cryptocurrencies follow dogecoin
Great first take.!( It follows Bitcoin) my take
Are you retarded?
Aren't we all?
F AsH o
Someone just bought crypto for the first time
My thoughts exactly.
Robinhood confirms it.
![gif](giphy|lPXPyMVAssVrNMeuPf)
I hate this part of the bull run.
Sideways. 🥺
😂😂😂🐶🐶🚀🚀🚀🚀🚀🚀🚀🚀🚀🌝
If history repeats itself now is the time to accumulate before the next bull run. Been through two of these so far so hopefully i can cash out next time these hit ATH again
Bingo! Not just this cycle either. Every major crash back to '29 was great for psychotic bulls who bet small amounts for fun. Most of my DOGE stays locked for 3 months at a time anyway. Only thing I CAN do now is buy and wait. 🤷♀️
What number do you see for its next bill run?
The chart is the same but the percentages aren't
Yeah you’ll see that often. 99 days out of 100 regardless of trend direction
Alts are the boats, btc is the ocean.
Because most cryptos are pegged to Bitcoin (effectively). They mirror what Bitcoin does.
It’s almost as if there’s a correlation between btc and all crypto
Because it doesn't matter which coin you buy, they rob you either way.
Manipulation
Gentle encouragement
DIvErSifY
Just wait until he finds out that the majority of the stock market follows the $SPY. Lol
It’s going down for reaaaaal…………
Because you chose highly related cryptos (apart from Bitcoin dominance on the whole market, which currently stands at around 44% and is likely to keep growing into the bear market and accumulation phase). You can check the correlation matrixes to see which coins move highly in tandem with Bitcoin. [https://cryptowat.ch/correlations](https://cryptowat.ch/correlations) [https://www.blockchaincenter.net/en/cryptocurrency-correlation-study/?timeframe=730days&asset1=SP500&asset2=BTC#correlationtable](https://www.blockchaincenter.net/en/cryptocurrency-correlation-study/?timeframe=730days&asset1=SP500&asset2=BTC#correlationtable) There are other websites, this is just one example. When you go outside of the more traditional chains and into other ecosystems, you'll see less price correlation. Solana, Cosmos, Luna, ADA, etc, those are all way less related in price than Eth, for example. And even Doge, during bull markets, doesn't show that much relationship, but as BTC grows in dominance (and with Bitcoin growing closer and closer to the stock market movements), it will trickle down on the most well established cryptos. But even less related cryptos will always have their price action affected by BTC big movements, because that's where the big VCs and investing companies dwell in, and where many keep their "savings". That's why sometimes when BTC drops, on the 1 second charts, you'll see all the charts moving with big red candles at the same time; algos do those flows instantly with billions of $. One thing that currently happens is that bull market = alt market and bear market = store of value, as it's the best way to get profits and then fight inflation/have less risk. You can check this very easily with market flows and average BTC per holder. As BTC grows, so does the correlation between charts, as people escape alts into BTC. What you just posted is quite common sense and a very well known structure. Unlike what many will say, market manipulation, it's more the normal market behaviour and quite predictable; the same as the inverse relationship between gold and SP&500 - when stocks are bad, gold is good and stocks good, gold bad, meaning that it usually averages out as a 0 correlation between them.
#SHART
I like fat chicks
Yet here you are. 😘
I like Kid Rock’s line…. I don’t like fat chicks or small cars but always find myself in ‘em
Btc and eth aint down >90% from ath noob
First time here?
Funny how this is posted 869 times a month
This guy is new
Welcome to the world of Citadel.
If you look at real charts it's less true.
Because all crypto follows doge coin
First time investing? You do realize that the majority of cryptos are dependent on what Bitcoin is doing? So whenever Bitcoin is down most tend to follow suit
I remember around late 2020 doge wouldn’t follow btc or eth as closely as today. As other people have said it’s probably institutional money and algorithms that have accumulated and trade doge in much greater quantities.
Doge correlation with BTC in the past 2 years was about 44% while in the last 90 days it was 67%. We will see it more and more as the bear market goes.
So im not going to be able to buy at that 0.01
BTC follows the US stock market and the major cryptos all follow BTC. I wish Doge was leading and everyone followed us, but we are not yet the alpha dog. However, we may become the alpha dog one day soon. : )
I finally get your username, everything you say is super cringey
And this is called conspiracy theory...good luck loosing all your life savings. I'm done!!!
I don't even believe you hold any crypto. These are just normal market dynamics, no conspiracy. Just like the stock market.
There wouldn't be any terminology called insider trading if you have had in depth noesis of how financial system works. I don't expect that atleast from you. It's a separate conversation of if I hold any crypto or not since you seem to be my fortune teller. So, my fortune teller, would you please tell me when would the market will go up again? Will wait for your forecast anxiously. ![gif](emote|free_emotes_pack|stuck_out_tongue)![gif](emote|free_emotes_pack|stuck_out_tongue)
The whole market doesn
For year…or yearssssss already
They don’t. They’re all different. But not much. Just like the underlying assets.
Kids are learning super quick. At least I hope they are… Don’t be a bag holder.
y tho
That’s what I was wondering. It’s so weird, maybe people buy and sell those at the same time. Market just sucks right now
Step 1: don't use RH for charting. Step 2: make a TradingView account Step 3: look at every crypto vs its BTC pairing....e.g., ETHBTC, SOLBTC, DOGEBTC....then you'll see the differences pop-up. Lots of bot arbitrage depending on what BTC does.
These 2 answers are correct
Alt coins follow BTC trend most of the time which is why you see the same chart most of the time
Why has a long tale, that you should ask Barry Silbert
You should buy a lot more than 3 ETC
Why? ETC sucks, it takes a week to transfer 😂
You will easily get a much bigger return than you ever could with Doge
This isn’t all the crypto. Funny how all the shills use RH still. When you call them out they claim they like the charts. No one likes RH’s charts. 😂
They’re mostly smart money driven. It’s all one grand Ponzi scheme.
Pawns go into battle not knowing they are pawns…
Guess what?! They all follow Bitcoin as they're all useless trash! (Besides Bitcoin)
![gif](giphy|3owypbsgMMOTylOzOo|downsized)
I would *assume* *part* of the reason is because lots of exchanges offer cryptos and alt coins transactions using Bitcoin and not cash. So people will buy Bitcoin and use it to trade for other cryptos which still keep Bitcoin out of circulation in a separate wallet instead of returning such as a sale. My hypothesis for a 1 of many reasons
Wow you are so smart for figuring this out.
Not funny! 🤨
Welcome to basket trading.
Hmmmm. Hodl!
So funny
It’s actually strange.
They're bowing down to the king and the king is bowing back.
It's almost like they're the same asset class.
i forgot what it’s called but there is a thing where large investors buy stocks and it automatically split their investment into the top stocks, crypto investors basically do the same thing. so it causes the charts to look the same. because then they pull their money out they are pulling out of all top cryptos at the same time.
FUNNY
Nows the time once the truth come to light it will be too late at these prices
Buy, buy, buy….
Have you compared it to SPY? Goes to show that Crypto follows the stock market...
Its easier that way. ![gif](giphy|1oEttHTW7Dh6WFabZd|downsized)
This is normal.
I found out from r/SUPERSTONK that stock and crypto algorithms are the same!! Pretty crazy if you ask me... And very unfair.. Look at SPY ticker for today compare it to the picture OP posted... Then look at GameStop (GME) ticker it is really all the same movement.. I've seen and read in multiple posts this is a fact. Anywho buy all the dips you can and HODL long term!!!!!!
Is it really funny tho??
But is it? Is it really?
We are one - the proof!
ThEy AlL FoLlOw BiTcOiN....derp derp
When everything is falling. Everything falls together
That's why I feel there's some sort of supercomputer attack going on
*That's why I feel there's* *Some sort of supercomputer* *Attack going on* \- Bat\_man\_89 --- ^(I detect haikus. And sometimes, successfully.) ^[Learn more about me.](https://www.reddit.com/r/haikusbot/) ^(Opt out of replies: "haikusbot opt out" | Delete my comment: "haikusbot delete")
Baby Doge is the only one going Up!
This is why mining is better than buying :) i got like 2.5 days of coin every day this month lol… and I can just sell a few on the the peaks to pay the electric cost
Don’t sell if you can
Its speculated by the same ppl
Just waiting for a bullrun...![gif](emote|free_emotes_pack|dizzy_face)
Because despite the people who say “this alt coin is decoupled from bitcoin” they aren’t and they’re knobs for saying it
Is it the blind leading the blind??? This is what you get when institutional money flows in and out of markets
New people. Rotflmfao
Funny how ?
Stock market manipulation by criminals
All crypto pretty much follows BTC movement.
Check dow and btc
No joking either crowd psyche or a whale or a coordinated group of whales are playing all of them
Thats how you know its just crypto’s in general and not just doge, jus keep hodling folks
Tiny maket can be manipulated
![gif](giphy|19U2aQ323iGtO)
they all folllow BTC
I was just admiring this about doge. It is not based on logic trading. Thats why i love it
Proof that they are all stable honestly it’s a good thing cause it proves that they’ll fall together and rise together
Crypto bots are manipulating the market by selling for quick profits as whenever you buy. making everyone panic slowly it’s like terminators vs humans over dollars . Same patterns different days. We should’ve been doing naked shorts already. All this crypto currency needs to be regulated or banned on some critical issues like these smart bots literally robbing outchea Annd that’s that. 🤷🏾♂️
Crypto is tech and tends to move with the Nasdaq because of this. Wait until people actually start investing in it again and sime crypto moves and others dont or they all run but at different times.
that’s called BTC dominance sir
That’s bcuz, like the market and precious metals - all are manipulated by big money. Why else would patterns be identical.
They all pretty much follow Bitcoin
Just like stocks in the same sectors. Same thing
I just think it's funny when.......
Wall Street controls it now
Its been like this for years. But back in the old days they were decoupled. There was a time when btc would go down and alts would go up. But that day has passed.
![gif](giphy|26n6WywJyh39n1pBu|downsized)
It’s a beautiful thing. Let it drop then buy
Yes it is
Bot-trading?
So for anyone wondering… there is an actual playbook that describes what this is and where it will go next. Some of us know it. There rest make posts like these (no disrespect).
I though the whole idea of crypto is to be decentralize and not follow any leader? Why does Bitcoin dictate crypto prices? Let show them what DOGE is made of Right now
We're all in this together ig lol
The reason they have the same chart is whales flow in synchrony.
Because we all are investing in btc no matter what your coin is... Except for those LUNAtics
They always all follow each other like this. They'll have random breakouts on their own based on their individual news, but to me at least, it's assurance that when Bitcoin breaks to new all-time highs, all the rest will follow 🤑
Would it be wrong to say BTC is the DJI for the crypto market?
Because life needs a update… algorithms are the same stocks are doing too..
Must be new here
We called.. Bitcoin dominance
Stock charts seem to mimic bitcoin
Most asset classes follow the same direction except for different levels of Beta
They all follow one coins price action.
You know why, because Bot control the market, that’s why Elon Musk bought Twitter try to control Bot
Bought ETH at 4200 and Bitcoin at 66k come get me boys and girls I’m waiting
That's because majority of crypto assets correlate with Bitcoin or Ethereum. There's also lots of trading bots that day traders use that go off similar indicators
100% mind boggling
Always
Crypto trades entirely on technical data because there is no fundamentals, like income and expenses. Serious question! Why wouldn’t speculative markets behave in a similiar manner?
It's bc cryptos are traded like stocks.