Bitcoin Forum
May 24, 2024, 06:41:38 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: STRANGE RISE PATTERN  (Read 133 times)
Ghondronk
Member
**
Offline Offline

Activity: 356
Merit: 14

https://exiptoken.io/


View Profile
December 16, 2020, 07:56:35 AM
 #21

I don't see much abnormality in this context. When the demand for BTC increases, its price automatically goes high compared to other altcoins. People start to sell altcoins and try to buy more BTC or hold BTC for a while. After some time, when the BTC price starts to come down, hodlers will sell their BTC and try to by altcoins. That would be the time we may expect the rise in altcoin prices.

EXIP PROJECT
A Decentralized Domain & Top-level domain service where your domain and TLD identified by a NFT
────────  Whitepaper ⬝  Twitter ⬝  Telegram⬝   Facebook ⬝  Medium    ─────── 
RussianEnglishTranslation
Jr. Member
*
Offline Offline

Activity: 840
Merit: 6


View Profile
December 16, 2020, 04:31:17 PM
 #22

As we have seen in the past, the rise in the price of Bitcoin usually results in the rise in the prices of other major cryptos like ethereum, ripple, litecoin, Bitcoin cash and so on, but the recent rise in the price of Bitcoin turns the other way for Ripple (XRP) as the latest rise in the price of Bitcoin in the last 24 hours has seen the XRP's falling like no prise rise season is on.
What could XRP be doing wrong to make its price suffer the falls while it should be rising?

My biggest bags right now are XRP and 0xMonero. Alt season should occur any moment since we breached psychological resistance.
MonsterV
Legendary
*
Offline Offline

Activity: 2212
Merit: 1008



View Profile
December 16, 2020, 05:07:03 PM
 #23

As we have seen in the past, the rise in the price of Bitcoin usually results in the rise in the prices of other major cryptos like ethereum, ripple, litecoin, Bitcoin cash and so on, but the recent rise in the price of Bitcoin turns the other way for Ripple (XRP) as the latest rise in the price of Bitcoin in the last 24 hours has seen the XRP's falling like no prise rise season is on.
What could XRP be doing wrong to make its price suffer the falls while it should be rising?

Well it's not always the same the market is decentralized and maybe before was just a coincidence it's true that right now the altcoin didn't change so much at all unlike before that all of the coins are raging going up. So I think it's not strange at all.

         ▄▄▄███████▄▄▄
     ▄▀█▀█ █████████████▄▄
   ▄██ █ █▄████████████████▄
  ██ █ ██▀█ █████████████████
 █▀█▄█▄▀█▄██▄█████████████████
██ █ ██ ██ ██▄▀████████████████
███▀█▀██ ███▀███▀██████████████
███▄██ ██▄▀██▄███▄█████████████
 ███▄▀██▀██▄▀██▄▀██▄▀▀████████
  █████▀█▄█▀█▄▀▀██▄▀▀██▄▄▀█▀█
   ▀████▄███▄█▀█▄▄▀▀▀█▄▄█▀█▀
     ▀▀████▄▀██▄▄█▀▀█▄▄▄▀▀
         ▀▀▀██▄▄███▀▀▀
.
......1xBit.com..BENEFIT ..SEASON........
       ▄▄███████████▄▄
    ▄███████████████████▄
  ▄██████████████████████▄
 █████████████████████████
██████████████████████████▌
████████████████████████████▄▄
███████████████████████████████
        █    █▄   █
        ▀▀▄    ▀▀▀█▀▀▀█▀▀▀▀▀▀▀█
           ▀▀▄    ▀▀▄▄█      ▄▀
              ▀▀▄     █▀▀▄▄  █
                 ▀▀▄  █   ▄█▀
                    ▀▀█▄▀▀
.
.
..PLAY NOW..
isaac_clarke22
Sr. Member
****
Offline Offline

Activity: 1596
Merit: 264


View Profile
December 16, 2020, 06:56:24 PM
 #24

~
To answer your question, OP.
Not all alts follow the Bitcoin's price movement although it is quite common mindset of it already because pretty much many investors have the mindset of separating investments to other coins.
Maybe this is just a bit of something different for XRP, but you never know though what price rise awaits just around the corner.
Zalfa_mui
Full Member
***
Offline Offline

Activity: 378
Merit: 101



View Profile
December 16, 2020, 08:36:40 PM
 #25

the fall in XRP prices due to airdrop spark.  many are selling xrp out of panic.  so even though bitcoin is going up xrp will fall, and i think it will soon be altcoin season where all altcoins will go up, maybe it will happen next month.  because altcoins have been at the bottom for a long time, there will be times when altcoins fly up.

Zeehaxan
Member
**
Offline Offline

Activity: 294
Merit: 10

WhalesHeaven - Custody Free Swap Exchange


View Profile
December 16, 2020, 08:41:18 PM
 #26

As we have seen in the past, the rise in the price of Bitcoin usually results in the rise in the prices of other major cryptos like ethereum, ripple, litecoin, Bitcoin cash and so on, but the recent rise in the price of Bitcoin turns the other way for Ripple (XRP) as the latest rise in the price of Bitcoin in the last 24 hours has seen the XRP's falling like no prise rise season is on.
What could XRP be doing wrong to make its price suffer the falls while it should be rising?
Do not worry bro these are normal market movements and sometimes speculation from traders. Now you see today xrp is back and as other top coins have moved up so has xrp so it is part of trading.

WHALES HEAVEN
Custody-free Swapping Platform
◈  ────────  Reddit ⬝  BountyWebsiteTelegramTwitterGitHub  ────────  ◈
lumierre
Full Member
***
Offline Offline

Activity: 862
Merit: 100


View Profile
December 17, 2020, 07:15:43 PM
 #27

As we have seen in the past, the rise in the price of Bitcoin usually results in the rise in the prices of other major cryptos like ethereum, ripple, litecoin, Bitcoin cash and so on, but the recent rise in the price of Bitcoin turns the other way for Ripple (XRP) as the latest rise in the price of Bitcoin in the last 24 hours has seen the XRP's falling like no prise rise season is on.
What could XRP be doing wrong to make its price suffer the falls while it should be rising?

The technical weakness of the XRP cryptocurrency is the reason for its collapse.
Analysts believe that the growth of XRP can help the burning of tokens. I read that it is planned to burn 50 billion XRP. the team is ready for such a step if the decision is made by the validators. The Stellar [XLM] cryptocurrency team has already done something similar in 2019 . After that, the exchange rate increased by 16%.

CDEX-CROSS-CHAIN DECENTRALIZED EXCHANGE PLATFORM
TOKENS FOR BITCOINTALK USERS FOR SIGNATURES! ANN TREAD ! WHITEPAPER ! LITEPAPER !
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!