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olushakes
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August 07, 2017, 12:39:11 PM |
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I wonder if the BTC rise is partly due to people trading their BCC for BTC.
There is no way current events cannot be but linked to this because the speculation has been around even on the forum for a while on the fact that BCC is free money and those who were against it are large owners who have swore to just claim the free money and dump and most times they don't just convert to cash rather they invest in back in btc because that's to them what have a future considering their earlier believe about BCC in the first place. |
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2fresh
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August 07, 2017, 12:42:54 PM |
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Hmm btc and xrp have nothing to do with each other right.. except it's a trading pair. And xrp is quite shit   |
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Potato Chips
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August 07, 2017, 01:32:50 PM |
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I wonder if the BTC rise is partly due to people trading their BCC for BTC.
There is no way current events cannot be but linked to this because the speculation has been around even on the forum for a while on the fact that BCC is free money and those who were against it are large owners who have swore to just claim the free money and dump and most times they don't just convert to cash rather they invest in back in btc because that's to them what have a future considering their earlier believe about BCC in the first place. there are many factors that can affect bitcoins price, trading is certainly one of them although determining which specific coin made a difference is too difficult, we can make guesses but we can never confirm it. in this situation i think the segwit implementation is the one affecting its price the most, i know its not activated yet but judging from the looks of it, it is already certain that it'll activate. almost all cryptocoins rose up when segwit was activated on them, naturally it'll also happen in bitcoin. |
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darthmaul
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August 07, 2017, 07:55:23 PM |
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So today the price of Bitcoin was $2900 and it has rose to $3140 within 3 hours and on the other hand XRP was 0.000063 btc and had a huge dip to 0.00005500 btc. The price fluctuations were good and i hope traders made profit from it.
I am thinking to make a long term investment in Ripple. Can somebody suggest me is it a good investment and where to store the coins.
I think it's completely fine to invest into Ripple coin as it is one of the top coin that is traded on the market. Ripple has started its dip (major) from June month and with little hike last month it is again stable at lower prices. So this is and even 0.000063 us not its highest price but the lower one. So it is worth investing into it if you really want to go for it. The price will rise for ripple for sure. You can go for poloniex or bittrex to get these coins and trade them after storing for long. |
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sexcoyote
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August 07, 2017, 10:14:40 PM |
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because all the money going to Bitcoin. bitcoin is the father of this cryptoworld.
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nasqar
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August 07, 2017, 10:37:37 PM |
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I dont care if ripple is centralized or own by 1 or 2 guys, It has good specification and it is good for trading. I lost much at 0.3x usd, I thought it may go to 0.5usd and I HODL now. I bought more 
HODL for revenge. |
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illinest
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August 07, 2017, 10:38:58 PM |
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Hmm btc and xrp have nothing to do with each other right.. except it's a trading pair. And xrp is quite shit All cryptocurrency markets are related to some extent. To put a finer point on it: Altcoins are largely correlated to BTCUSD price movement. During the latest hype cycle, it was very clear that when Bitcoin is stable/rising, altcoins rose even more. When Bitcoin dropped, altcoins dropped even harder. There are exceptions, but comparing the XRP and BTC charts show this to be the case for larger market cycles. In the short term, price action is much less predictable. |
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manchester93
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August 07, 2017, 10:55:26 PM |
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because all the money going to Bitcoin. bitcoin is the father of this cryptoworld.
This money flow ebbs and flows. Earlier this year, in May and June, all cryptocurrencies were rising. But much more money was flowing into Ethereum, ICO tokens and other altcoins than Bitcoin. Maybe if the rallying continues now, the opposite will happen, and Bitcoin will lead. |
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CyberKuro
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August 07, 2017, 11:46:33 PM |
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So today the price of Bitcoin was $2900 and it has rose to $3140 within 3 hours and on the other hand XRP was 0.000063 btc and had a huge dip to 0.00005500 btc. The price fluctuations were good and i hope traders made profit from it.
I am thinking to make a long term investment in Ripple. Can somebody suggest me is it a good investment and where to store the coins.
Yes, just buy it, because XRP will rise again. Spend money that you are willing to lose, because there is no guarantee you can make profits through ripple, but the chance to get it, quite big. On the other hand, bitcoin price keep growing and it may not stop until some point, maybe around $4K. When people start to extract big profits, people will panic sell and that's the time for altcoins rise. Because the money from bitcoin, will spread to altcoins again. |
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xuan87
Legendary
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Activity: 1666
Merit: 1001
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August 08, 2017, 12:08:43 AM |
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I wonder if the BTC rise is partly due to people trading their BCC for BTC.
We dont know but this thing is really possible that people might already switch to BTC after dumping their BCH as of now which its really good to see that the price of BTC have already break the 3000 barrier and i was little bit surprised for this thing to happen because i did expect that 3k price will be on next weeks or month but now it did already reach out. This is the new ATH as of now on bitcoins price. I also wonder the same things, because I predicted there will be two party, one is the one that support BCH the other is the one that dump BCH, supposed to be there will be split investing that can caused Bitcoin price to go down, but this few day the price keep on rising, it is good to see Bitcoin keep on rising Ripple is a good investment it has been stay in coinmarketcap top 3 position for a long time, and the trading volume is also good, I think it can be used as a long term investment |
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klf
Legendary
Offline
Activity: 1344
Merit: 1000
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August 08, 2017, 01:48:09 AM |
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I dont care if ripple is centralized or own by 1 or 2 guys, It has good specification and it is good for trading. I lost much at 0.3x usd, I thought it may go to 0.5usd and I HODL now. I bought more
HODL for revenge.Many good altcoins have recovered a lot but ripple not yet. I also didn't see any negative news about this coin but it looks now may be a good time to accumulate some coins before start going up. Earlier it went above 0.6 USD and from there it came down. I'm also started buying in small quantities from last week and I will buy some more if it goes further down. |
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MAbtc
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August 08, 2017, 08:02:24 AM |
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This is a pure coincidence bitcoin isn't affliated with any of the altcoins this is purely a coincidence and it is not knlyonly ripple there are 20 more coins who's fell that doesn't mean you will compare it with bitcoin. The normal price of ripple is 0.25$ and currently it is 0.18$ it's not a big difference. Litecoin has also fallen that doesn't mean it happened because of bitcoin
I definitely think that altcoins correlate with Bitcoin. I also think that Ethereum has a significant effect as well. The major coins (BTC, ETH) act much like indices, while altcoins often act like individual stocks within the indices. So you might buy into a real nice setup on an alt, but if Bitcoin takes a nose dive, it can take the entire market with it. Often times, when Bitcoin drops hard, alts drops much harder even. It's difficult to figure out the exact correlation, and there are exceptions sometimes, but it's silly to trade altcoins without keeping an eye on BTC. |
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nicolas1979
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August 08, 2017, 11:38:49 AM |
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So today the price of Bitcoin was $2900 and it has rose to $3140 within 3 hours and on the other hand XRP was 0.000063 btc and had a huge dip to 0.00005500 btc. The price fluctuations were good and i hope traders made profit from it.
I am thinking to make a long term investment in Ripple. Can somebody suggest me is it a good investment and where to store the coins.
As long ripple has stable volume it's good to replace investment, the price doesn't count. Your decision with long term is the right step, but you must have stop loss and wise money management. Many people using martiangle strategy to make profit and patience are included this strategy. See again the price action history, volume and speculation to calculate your money management. Do that with patience and you'll gonna win. Wallet is the best place to store but never forget change your pass every month. Good luck. |
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Sled
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August 08, 2017, 12:23:28 PM |
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The bitcoin spike on its price is a very good proof that bitcoin has a lot of chance for the future and its price can pump more in the few more years because of the adoption and also by the country who recognize bitcoin as a good currency and made it as a legal money. XRP dip is just a proof that the recent pumps of that coin is just a hype, if you will do a survey, you will figure out that there is only a small percentage of people that interested with centralized currency.
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