Why do all coins drop in unison?

Could someone explain me what exactly the market is doing?
I do understand the Bitcoin drop... Price has been inflated for a while, and as we reach $10K people will be taking their profit. But I would have expected the other coins to get pumped by this. I haven't found one single coin that is profiting from this. They are all joining in on the drop. Does this mean everyone is running to FIAT for a crypto-break?

Seems really odd

Alts getting a double dip, holy fuck... crash vs fiat and crash vs btc

That's what I think yes, we all wait for the big correction of BTC, knowing alt might follow... so they try to stay on the side

they just accumulated more TetheR to pump btc.
btc crash wont happen, tether will save the crash.
simple

Thanks. Makes sense I guess.

Call me clueless, but... how exactly does that work then?
How does buying more Tether help pump BTC? Or how does one prevent the other from crashing?

Someone like the picture where alts drop no matter what BTC does.

I didn't catch that...
"Someone like the picture"
==
"Does someone"
||
"Somewhat like"
||
"....?"

I don't really believe the conspiracy theory, but the idea is that people are 'printing' tether, which is effectively USD in some exchanges, and use that to buy more BTC.

Someone link* the picture

This is what always happened like 2 months ago

Cool.
/me starts googling about Tether

But there was a reason, china banning icos was fucking with people's minds. Now it's just a general market correction, I mean we went up from 220b market cap to 300b in like a month, of course there is some profit taking

Well... Time to be on the lookout then for a new entry position later this afternoon :D

What do you mean by profit taking. You LITERALLY can't fucking cash out. Seriously, try it. You wasted all your money on internet bucks. There is no way to convert it back to fiat. All those "exchanges" that claim to deposit your money into your bank? Those are scams, the deposit never goes through. All those people saying it isn't a scam? They're shills for the scam "exchanges."

LMC DIDNT

Oh. My brother tried it on Kraken with €300 and that worked (half a year ago).
I tried it with €50 through localbitcoins.com; also worked....

If the exchange doesn't allow it, can't you just send your crypto to a wallet on another platform, and sell it from there?

I've been exporting crypto from Kraken and Bitfinex, and that also works fine...

Looking at the chart, i'd say it reacted with somewhat of a delay, and didn't get hit *as* badly. But it definitely wasn't pumping in response to BTC being dumped

We don't "link" pictures here, Reddit.

>Multi exchange shill detected
Go shill on /r/buttcoin

Is there some sort of code of conduct requiring traders to be loyal to one Exchange? Wtf's your problem? And what exactly am I trying to sell then?

Yeah man, you're literally an exchange whore. We really frown upon such behaviour in the crypto community...

Enlighten me. What's the big issue with being on multiple exchanges?

it was merely a jest m8...i don't know what's up with that guy either.

Ah. I had guessed as much, but couldn't be sure :)

Until insolvent bitfinex fucking goes gox and we're back at 4k