Bitcoin Forum

I just read news in CCN, Ripple CEO told CNBC
" There's a very high correlation between the price of XRP and the price of bitcoin, but ultimately these are independent open-sourced technologies. It's early, over time you'll see a more rational market and behaviors that reflect that " 
Whats your reaction to this news ?

indeed we know that all crypto prices are connected with bitcoin, its correlation is clear, without exception ripple and bitcoin are still indicators for all crypto. look at the many updates and product launches done by many crypto, but it does not produce good growth and has no effect on the market.

Btc is the greatest invention by Shatoshi based on this btc still in the 1st position in the market and all the crypto currency is depended for btc because if the price of btc will affect each and every coins get affected so XRP is also related and depended for btc price.

This correlation will exist until bitcoin is the king crypto. The icondition of the wholw market depends on the price of bitcoin and this true for all altcoins.

This can't be more right .Now everything is correlated to BTC because of the trading pairs
As soon as most of the new exchanges kick innwktj Fiat pairing we will see independent price

Bitcoin is the best crypto currency and they are the market leader also. For this reason other coin also follows bitcoins pricing strategy. not only XRP doing this but also many other coins also doing the same things.

it's right i believe, There's a very high correlation between the price of XRP and the price of bitcoin. becuase all coins are work togater to puch the market. if big one falls other falls too. it will take a bit more time to be stable.

In the close future most of coins will be free from bitcoin and there will be no lead by bitcoin

Lol because bitcoin is the source and every other coin's behavior is reflective on how much Bitcoin goes up or down. Xrp is no exception to this rule either.

It is obvious that ripple has entirely different market than bitcoin has. Ripple has more investors from China and Asia while for Bitcoin, investors comprise from all over the world. So is the prices. We seen XRP jumping from $0.2 to $3 while bitcoin only rose 200% during that time. But after that XRP fell 70% while bitcoin only fell 40%. So both of 'em are arbitrary to other's movement.

of course, because it is so much different from the total supply available in both currencies crypto, in addition to the current digital currency is very unstable movement so it makes the distance between the two further.

Well, we all know that crypto price is connected with bitcoin price. But I think this correlation will not be forever as everything has its own potential and I hope that XRP has its own too.

I think Ripple is trying to branch on as their own separate altcoin, independent from bitcoin. Which ultimately, should be a good move.

Love or hate Ripple, it has serious potential and I think holding it should pay off

What is this new? Correlation between bitcoin and altcoins has always been. XRP is no different and its price changes after the price of bitcoin. We will not take into account the pamps.
This will continue until bitcoin is the main coin in the market.

I think that's a natural thing, because Ripple's goal is as a reserve, although most altcoin is still affected by the rise in prices of Bitcoin, Ripple is an independent coin, and has different technology with bitcoin

ripple ceo said ........hmmmmm wonder if serious

I think right now most, if not all, altcoins are correlated with btc in terms of growth. I'd love to see how they're planning to not become correlated with btc.

Yes it is true, i think once the market matures we will se less effect of bitcoin movements on other altcoins but do remember that law of correlation will still exist among different trading pairs.

It won´t correlate forever sure, because Ripple is a bubble and it will eventually pop-up. There is  a limit on the number of partnerships you can announce without any real outcome for investors.

Bitcoin is superior than any other coins and everything gets affected by the features of it. So, whatever happens, any of the coin will get affected anyhow. :-[

That's a crap article and bullshit statement from ripple CEO. in fact ripple is still following bitcoin and it's not independent, If the CEO was saying it's too early and then they should need to learn anything about bitcoin. As the first crypto and has used by all of cryptocurrency as the main pegged to the price and ripple will never to be independent. That statements to create FOMO.

We dont know on where he do get those words but hes quite confident with those statements.We do know ripple or XRP is being backed by banksters which this might be the reason he do pull up that statement where it is not already correlating with bitcoins price forever and would go independently.This is plausible but the fact it wont really be a decentralized thing anymore. I didnt trust this coin since in the very beginning though.

Why is CNN is talking about such a centralized shit?
Anyways, I think its true for all the alts.All of them depends on bitcoins, since most of the trade volume is with bitcoins.Other than this, I can't see any reason to relate bitcoins with such a crap.

If you look at data backwards, after a crash at the beginning of the year, Ripple is currently more stable. It may be true that Ripple is not decent enough today, but as long as the developer has a clear and well-planned goal, I think it will only make Ripple grow consistently in the future.

Of course, but not just Ripple is it? Currently most of the famous altcoin have the same trend with Bitcoin.
But that does not mean it is a bad thing. For me maybe the percentage of Ripple growth will be higher than Bitcoin in the long run.

If the correlation is a trend up and down, it seems almost all the coins are experiencing the same situation.
Ripple has a smaller market capitalization, so it should have a greater potential than Bitcoin.

You can't denied that every altcoin and token from fresh/new/just finished ICO project sti have their connection to Bitcoin and their prices since Bitcoin is one big influencer among the fsctorenthat changes the altcoin price.