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Topic: XRP price wont Correlate with bitcoin price forever (Read 161 times)

newbie
Activity: 336
Merit: 0
In reality we realize that all crypto costs are associated with bitcoin, its relationship is clear, regardless ripple and the leader bitcoin are still pointers for all crypto. Take a gander at the numerous updates and item dispatches done by numerous cryptos, yet it doesn't deliver great development and has no impact available.
newbie
Activity: 140
Merit: 0
Quote
have a mutual relationship or connection, in which one thing affects or depends on another.

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.
newbie
Activity: 126
Merit: 0
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.
newbie
Activity: 182
Merit: 0
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.
newbie
Activity: 168
Merit: 0
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.
sr. member
Activity: 1064
Merit: 382
Hurrah for Karamazov!
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.
hero member
Activity: 2996
Merit: 609
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 ?
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.
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
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 ?
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.
newbie
Activity: 266
Merit: 0
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. Embarrassed
legendary
Activity: 2394
Merit: 1632
Do not die for Putin
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.
member
Activity: 1008
Merit: 12
SAPG Pre-Sale Live on Uniswap!
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.
newbie
Activity: 182
Merit: 0
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.
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
ripple ceo said ........hmmmmm wonder if serious
newbie
Activity: 140
Merit: 0
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
member
Activity: 137
Merit: 10
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.
jr. member
Activity: 182
Merit: 1
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 ?

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
newbie
Activity: 294
Merit: 0
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.
newbie
Activity: 113
Merit: 0
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.
hero member
Activity: 2114
Merit: 603
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 ?

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.
full member
Activity: 350
Merit: 107
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 ?

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.
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