Post
Topic
Board Trading Discussion
Re: Why Bitcoin is Declining? And What’s Next?
by
Monfex
on 27/08/2019, 12:19:12 UTC
Nice analogy and explanation, hope bitcoin keep increasing now. Meanwhile I am focusing on buying ripple with bitcoin. Ripple is currently at dirt cheap price, amongst the top 10 coins that I keep buying and selling, ripple and bnb are my top most choices.

Sure XRP is cheap, but it hasn’t really proven itself. It also broke past its key support recently and is now struggling to get over .30. The only good news about Ripple at the moment is that it has partnered up with MoneyGram recently. Unless I see more evidence of it increasing, I remain skeptical.

There you go, all done with the comments!

I think that the struggle is not about the coin itself but altcoins as a total.
Neither altcoin can reach far in price, they all struggle in levels that were far below their tops. Ripple does good deals, but if altcoins won't grow in price no one of them is going to hit a high level by its own.

I totally agree. Beyond Bitcoin, a lot of the cryptos are just tradable currencies with nothing backing them or supporting them. If they don’t increase there fundamentals, it would be hard to say if they will be relevant in the future.