Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
bbc.reporter
on 09/01/2017, 01:21:17 UTC
Why is Monero following the rise and fall of bitcoin? I thought it was following its own path in this latest rise. Maybe the whales were only using the optimism in bitcoin and had the intention to dump the moment bitcoin started to crash?

Monero is still higher than it was a few weeks ago. As for following Bitcoin, Monero's recent rise during Bitcoin's recent rise showed that XMR's value is not necessarily tied to BTC, although it is to some degree. At least it's not as directly tied to BTC's value as many other coins.

I am very confused with what you posted. What really is it? Is it following bitcoin or not because what you posted does not answer the question. If you do not have a straight answer please refrain from posting.