AbbyS (OP)
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December 17, 2020, 02:22:09 PM |
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I have a theory, that some coins influence BTC price negatively,
In the past i felt that once XRP goes BULL, it stops BTC BULL
and now, i see once XRP was dumped after the airdrop, BTC went bull again
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Koutami
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December 17, 2020, 02:33:56 PM |
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I have a theory, that some coins influence BTC price negatively,
In the past i felt that once XRP goes BULL, it stops BTC BULL
and now, i see once XRP was dumped after the airdrop, BTC went bull again
i dont think its have correlation directly, But about XRP dumped after the airdrop, isnt it just an ordinary thing about airdrop? |
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meanwords
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December 17, 2020, 03:15:17 PM |
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What do you mean? XRP is doing great in the market right now. You can check coingecko or coinmarketcap that XRP has gained almost 20% today so your theory kinda doesn't make sense. Though I haven't invested in XRP since I'm all for Bitcoin and gold right now.  |
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rhomelmabini
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December 17, 2020, 03:22:23 PM
Last edit: December 17, 2020, 11:03:16 PM by rhomelmabini |
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I have a theory, that some coins influence BTC price negatively,
In the past i felt that once XRP goes BULL, it stops BTC BULL
and now, i see once XRP was dumped after the airdrop, BTC went bull again
Can't understand that clearly on what you mean but somehow it goes from different scenario you could either be correct or not but all of that was pure speculation. This time the XRP rise from from $0.3 region to $0.7 was purely the case of the Flare airdrop but now looks like top market cap alts are getting dragged too by the BTC bull run. I don't know how far Bitcoin would go but I'm more optimistic that maybe we could have a dip sooner or later then it's time I guess alts will let loose, just my two cents. |
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Sebas.tian
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December 17, 2020, 03:42:15 PM |
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I have a theory, that some coins influence BTC price negatively,
That theory doesn't seem to be correct mate, XRP just made some remarkable move while Bitcoin price still on the bullish move, this has be one of the most happy moment with XRP. In the past i felt that once XRP goes BULL, it stops BTC BULL
How and what do you mean? XRP has no power to stop Bitcoin bullish run dude, can't you see for yourself what is happening right now?. and now, i see once XRP was dumped after the airdrop, BTC went bull again
After the XRP airdrop it price hold it value over the period and still make some impressive move as we speak right now. |
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BDBitcoinExpart
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December 17, 2020, 03:42:33 PM |
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XRP has not dumped but is taking some correction. And so the distribution of xrp airdrop tokens has started. Altcoin usually dumps when btc pumps directly. The future of xrp is very good.
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Fesatmas
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December 17, 2020, 03:50:09 PM |
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I have a theory, that some coins influence BTC price negatively,
In the past i felt that once XRP goes BULL, it stops BTC BULL
and now, i see once XRP was dumped after the airdrop, BTC went bull again
A few days ago XRP had experienced quite a large Bulish, of course this would make perfect sense if it was dumped on a large scale, and of course investors have turned their attention to bitcoin. maybe at first glance it is true, there is a significant relationship. There is nothing wrong with having such a theory, and it is still acceptable. But if you refer to the theory, if bitcoin continues and pushes up to $ 30,000, it will be very dangerous for XRP. |
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Zemomtum
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December 17, 2020, 04:07:03 PM |
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As rightly said, what kept the price of XRP higher was the airdrop and when that is done, you shouldn't expect anything other than the holders to dump. I have not seen this correlation you stated above. BTC is preparing for the year 2021. Imagine when PayPal expose their customers to BTC in the early next year, what a massive of millions that will be exposed to cryptocurrencies. The dancing just began I think
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avikz
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December 17, 2020, 04:13:23 PM |
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I have a theory, that some coins influence BTC price negatively,
In the past i felt that once XRP goes BULL, it stops BTC BULL
and now, i see once XRP was dumped after the airdrop, BTC went bull again
In reality, XRP is also going up following the trend of the current bull run. While writing this reply, XRP is showing an upward trend of around 23%. There is only one coin that has a correlation with bitcoin, that is USDT. When the bitcoin price goes up, people sell off USDT and rush to buy bitcoin. That's exactly what's happening right now! You can check CMC, the USDT price is down by 0.47% even after being a stablecoin! Reverse trend happens when bitcoin price goes down as people rush to buy USDT! |
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toast
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December 17, 2020, 05:06:00 PM |
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I have a theory, that some coins influence BTC price negatively,
In the past i felt that once XRP goes BULL, it stops BTC BULL
and now, i see once XRP was dumped after the airdrop, BTC went bull again
i don't see any relation of those two coin well just like what you have said it's a theory but i don't see your explanation what i see was just an observation and most probably that was only a coincidence. |
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ecnalubma
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December 17, 2020, 05:28:04 PM |
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After the airdrop dump looks like XRP is doing well now and catching up. I think most altcoins now are gearing for altseason after the Bitcoin rally, the market is full of positivity and drops in prices are very tolerable but still have to trade with caution.
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Marble777
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December 17, 2020, 05:35:03 PM |
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I honestly don't get what you mean, but what is clear is based on the current market charts that XRP is up and in the last 24 hours it has gone up by around 20%. So I think Bitcoin's rise has affected the price of other top altcoins as well including XRP, which had dropped by $ 0.4 and is currently $ 0.6.
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mu_enrico
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December 17, 2020, 05:35:23 PM |
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Altcoins move almost in sync with BTC. If the BTC price rises, the altcoins price will also (tends to) go up.
However, XRP's price will swing wider than BTC, so when BTC goes down a little, XRP will go down more.
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Chuky92
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December 17, 2020, 05:55:55 PM |
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I quickly went to check coinmarketcap again to know if I am seeing double or not, and I am right, the price of XRP is up to over 20% today and no much difference between yesterday's price and today. Talking about airdrop, I think it's quite understandable that people will do everything they can to make the best use of the airdrop to their own satisfaction but after that, what comes next matters; I think XRP has proved it's worth again by growing with Bitcoin. Actually, before there are altcoins which goes down as soon as Bitcoin is up, but nowadays a few are an exemption, that is, as Bitcoin is up, they are going up with it, and XRP is one of such together with Ethereum.
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pixie85
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December 17, 2020, 08:39:42 PM |
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Many altcoins got dumped for BTC, Zcash is one of them. I was telling you for years that XRP is a shitcoin. It's only manipulated to pump so that Ripple and their board of fat chairman can make some money and sell you some more fake promises.
In the past i felt that once XRP goes BULL, it stops BTC BULL
and now, i see once XRP was dumped after the airdrop, BTC went bull again
Not many BTC investors also hold XRP. XRP is a crypto with no acceptance and it exists only because long time ago it was advertised as opposition to bitcoin. Some people thought that it's worth buying because if Bitcoin doesn't get adopted because it's decentralized maybe a centralized crypto will and XRP was the biggest centralized crypto. |
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kindbtc
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December 17, 2020, 08:45:36 PM |
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I have a theory, that some coins influence BTC price negatively,
In the past i felt that once XRP goes BULL, it stops BTC BULL
and now, i see once XRP was dumped after the airdrop, BTC went bull again
I do not think that your analysis is correct because the price movement mostly is influenced by the overall market conditions, sentiment and volume and sometimes on the individual performance of the project itself so do not worry much about price fluctuations if you truly support the project. |
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milewilda
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December 17, 2020, 08:55:41 PM |
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I have a theory, that some coins influence BTC price negatively,
In the past i felt that once XRP goes BULL, it stops BTC BULL
and now, i see once XRP was dumped after the airdrop, BTC went bull again
Dont know on where you do get those price sentiments about XRP yet it isnt dumping but rather going in greens at the moment.Talking generally when it comes to price correlations then its no surprise that there would be some alts that will be heavily affected when bitcoin is on the moon.It wont be anytime going along with it but rather going to the opposite direction.We can assume that people who had invested on a particular coin will withdraw up all of their holdings and would be switching up or converting it to bitcoin. So in that case then that can really cause up some opposite trends between both markets. Coincidence? No, its just a typical thing where you can really see. |
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Kelvinid
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when lambo...
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December 17, 2020, 09:07:05 PM |
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I don't have clear data in the past that specifies such an accusation in regards to their market demand changes. I will not say that this is a coincidence not to say that is true coz I know that XRP is a centralized coin, its price can be moved up and down no matter what is the price of Bitcoin while Bitcoin moves freely no matter what is the price of XRP either be high or low.
I stop pointing out that Bitcoin can be influenced by whales, a decentralized market won't look like that. Of XRP pump when Bitcoin dump or of having different direction will just of some cases and changes that can't be controlled.
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seleme
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December 17, 2020, 09:11:42 PM
Last edit: December 21, 2020, 11:15:18 PM by seleme |
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Your theory doesn't make sense and it is very outdated. Indirectly or directly, only BTC price can change the environment for altcoins, the altcoins have no influence power over top cryptocurrency. The correlation is a real hassle for investors to determine the price movement between the cryptocurrencies but they usually prefer to sell altcoins included XRP for buying the trending crypto which is BTC now. Considering the positive correlation, I will stay away from the pumped altcoins because a single huge drop in BTC price will be the catalisator for the dumped altcoin prices. The 10% drop in BTC will be a %50 drops for the many altcoins, just trade responsibly and never risk the amount which you can't afford to lose.
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crzy
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December 17, 2020, 09:30:16 PM |
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I have a theory, that some coins influence BTC price negatively,
In the past i felt that once XRP goes BULL, it stops BTC BULL
and now, i see once XRP was dumped after the airdrop, BTC went bull again
Investors are shifting to Bitcoin for a while because it continues to go up and as expected some altcoins will suffer because of this. Anyway, it always happen to XRP every time it goes up so this is not new to me and I know XRP is also volatile so don’t expect a smooth up trend on any coins/tokens, this is probably a normal scenario. |
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