With this type of post I may be completely wrong or maybe completely Right, please bear with me, just sharing my thought.
(Ratio of usable bitcoin whales/retails holders is somewhere around 80/10 or close, just guessing)
Imagine you are a bitcoin Whale and you have lets say.... 100k Bitcoin. Including you and your group/friend whales you have about 2M Bitcoins.
Now in past few months, after the ATH, you foresee the tides turning. You realise that bitcoin has a very realistic chances of going to Zero with all the regulations creeping up everywhere and ripple will be the future or other regulated blockchain coins/products. It may take a while, months.... may be couple of years, but its going to happen.
Now the question is, What do you do?
Scenario 1- Every man/woman/child for himself and start dumping bitcoin for ripple or USD. This will cause chaos and no one will be able to Unload all coins, also you won't be able to get your coin's worth anyway. All whales loses.
Scenario 2- Make a whale pool and systematically start pumping and dumping the bitcoins slowly to others (avg joe). Meanwhile slowly keep increasing your stash of ripple.... by gaining from weak hands. Obviously you have to program the bots in a way to keep the price within acceptable range for sometime, while you slowly unload all you Bitcoins for Maximum possible price and getting Xrp in lowest possible price, hence maximizing your profits. Soon you become xrp whale from bitcoin whale.
1) As you all know and stated-
-- BTC goes up : XRP goes up but less.
--BTC goes down : XRP goes down more.
2) There are always fake sell as well as buy walls of same amount on all exchanges to keep the price exactly within the acceptable range so as to work in tandem with other currency bots. (I can attach screenshots if someone failed to see this)
These two points mathematically supports this theory. And if its true, we'll see xrp mooning/lamboing/cabining or in my case bmwM3ing suddenly pretty much coinciding with falling/decoupling btc.
So, either you can read and disregard this which is ok..... or may be you will remember reading it somewhere in few months and comeback to it. Only time will tell.
Thanks for entertaining me. Personal views appreciated.
@RegalChicken @zenkert @XRPisVELOCITY @ReformedEquityTrader @ElChupaThingy78 and others.