Ninjastic
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Board Altcoin Discussion
Re: Bitcoin is down, Altcoin is UP !!
by
torrantz
on 11/06/2018, 15:39:08 UTC
Quote from: Azna Azhar on June 10, 2018, 04:40:44 PM
Quote from: chickenado on June 09, 2018, 04:10:56 PM
Quote from: Fawez on June 09, 2018, 04:00:21 PM
According to Ripple's CEO, Brad Garlinghouse, the Bitcoin dominance is expected to end soon.
He actually said : '' There is a very strong correlation between the price of XRP and that of Bitcoin. But these are essentially independent open-source technologies. »
The man is convinced that we are now witnessing the emergence of a much more rational market. As a result, the behaviour of investors will be permanently altered, which will lead to a devaluation of Bitcoin. Therefore, it will no longer serve as a reference to other crypto-currencies.
Hope he's right Smiley
For me i Believe the other way around, if bitcoin will continue to go a downhill trend so as other altcoind will follow in the long run. Yes intially i think the altcoin will rise in the fall of bitcoin because investors will seek another alternative investments but surely if the mother of all cryptocurrency will degrade i believe all the more the reason that other altcoins will follow the same lead.
I agree with your statement that ultimately altcoin will follow the bitcoin movement. When the bitcoin price drops, the price of some altcoin rises but in a short time, then it will come back down trailing against bitcoin.
Until every altcoin will have its own pair and altcoin will never gonna be independent. In fact that CEO of ripple has been creating so many joke everytime. Ripple foundation was supporting the regulators to create very strict regulation. All of things are following bitcoin right now.