Post
Topic
Board Bitcoin Discussion
Re: Altcoins price pump influence bitcoin price Negatively ?
by
wxa7115
on 01/12/2020, 19:00:01 UTC
I have the impression that every-time bitcoin starts climbing steadily, the XRP pumps like crazy 100%+ within 24h, causing doubt in the entire market!
Are altcoins like stellar and xrp harming the bitcoin price by their manipulated pumps ?
You are overthinking things, except for those that are invested in XRP most of the community does not care, in fact before the growth of XRP during this year and its ridiculous pumps in price the coin had remained still for a long time so many people forgot that coin even existed.

So it is a mistake to think that just because XRP is doing weird things that somehow this is going to discourage bitcoin investors, the reduction in the price we are seeing right now has to do with the fact that as soon as we reached a new all time high people got scared and began selling their coins because of it.