Quote from: bbc.reporter on January 09, 2017, 01:21:17 AM

Quote from: c789 on January 08, 2017, 01:46:24 AM

Quote from: bbc.reporter on January 08, 2017, 01:34:01 AM

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.

We used to go up (in BTC terms) when BTC went down and vice versa.

In December we kept up our price in BTC and even increased it (in spite of BTC's rise) which was historically, a change. The GUI (and new exchanges) were a huge factor in this, akin to the DNM news spike in late August - XMR hit a dollar value ATH.

If I seem vague, it is because the degree of this 'coupling' is now unclear and it's hard to see what will happen from now on. We seem to not rise and fall as other alts do and the hedge value we had (inverse moves to BTC rises and falls) is not so obviously there any more. We have dipped in USD terms massively since the peak just after Christmas.

The 'apparent' coupling during the Christmas rise (since we maintained our price in BTC terms relatively well over this period) seems to mean XMR has now lost price against BTC with its drop. This is different and means a magnification of our value fall in USD terms - that is all I am saying.

TLDR: I am trying to spot the new paradigm correlation between BTC and XMR price. This is, after all a speculation thread.

And if that is not clear, you are free to ignore me - but I will not stop posting, sorry. I am interested in trends in the XMR price and discussion of this matters to me.