XRP dumped and BTC goes up, coincidence ? - page 4.

abel1337

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Quote from: AbbyS on December 17, 2020, 09:22:09 AM

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

This is most likely what happens after the airdrop. People hold their XRP until the snapshot airdrop occurred and sells, and it is pretty expected that they would sell after the airdrop. I think that it is a coincidence that BTC went up and XRP goes down. Most of the bitcoin/altcoins
pair react the same thing when bitcoin goes up.

TimeTeller

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Quote from: articlecity on December 17, 2020, 04:37:49 PM

Quote from: AbbyS on December 17, 2020, 09:22:09 AM

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

No coincidence rather it was a dump after the screenshot thing was over but now if you look xrp is back and moving so when the overall market is bullish never worry much about random dips.

Yes, it is not a coincidence. Maybe, he is not closely following what is happening with XRP.
As we observed, after the XRP snapshot for SPARK Token airdrop last Dec 12, XRP price slowly went down.
Because I think some XRP holders sold their XRP for the fear that it will really go down after the snapshot.
But since btc is very bullish and surpassing the old ATH, XRP market is drag up again.

BChydro

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Quote from: AbbyS on December 17, 2020, 09:22:09 AM

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

Did you check the price of alt coins before the bitcoin rally, if so you will understand that some will dump the alts if there is a huge surge in price in bitcoin to ride the rally and make the profit possible by dumping all their alts and once the price of bitcoin faces a corrections they will invest back in alts and during that period we might even see a rally in the altcoin market.

BayAngelo

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Thereis nothing coincidence about it. that is the money flow chart in cryptocurrency. Money flows from BTC down to eth, XRP bch before it goes down to the mid-cap altcoins. also when it reversed, it follows the same direction. from altcoins to XRP, eth then to BTC. hardly will both token move up at the same time.

Cryptoababe

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Do it For Better Humanity (Bitget trader)

Probably the dump and pump or xrp and btc in different direction might just be a coincidence or maybe investors are buying xrp to get airdrop first, then sell and buy the boss coin which is btc Cheesy

articlecity

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Quote from: AbbyS on December 17, 2020, 09:22:09 AM

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

No coincidence rather it was a dump after the screenshot thing was over but now if you look xrp is back and moving so when the overall market is bullish never worry much about random dips.

crzy

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Quote from: AbbyS on December 17, 2020, 09:22:09 AM

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.

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.

semobo

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Quote from: AbbyS on December 17, 2020, 09:22:09 AM

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

On any particular incident that XRP was the only coin when BTC got bumped? And also even now the price growth of XRP is over 15% in the last 24 hours which exceeds the growth value of even bitcoin as well.

XRP maybe dumped while bitcoin was bumping but there is no correlation between these to incidents so just take it as coincidence. Grin

Kelvinid

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win lambo...

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.

milewilda

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Quote from: AbbyS on December 17, 2020, 09:22:09 AM

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.

kindbtc

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Quote from: AbbyS on December 17, 2020, 09:22:09 AM

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.

pixie85

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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.

Quote from: AbbyS on December 17, 2020, 09:22:09 AM

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.

Chuky92

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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.

mu_enrico

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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.

Marble777

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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.

ecnalubma

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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.

toast

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Quote from: AbbyS on December 17, 2020, 09:22:09 AM

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.

avikz

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Quote from: AbbyS on December 17, 2020, 09:22:09 AM

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!

Zemomtum

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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

Topic: XRP dumped and BTC goes up, coincidence ? - page 4. (Read 955 times)