If Bitcoin-Avocado Price Correlation Continues, BTC May Be Toast | Crypto Craft

  • If Bitcoin-Avocado Price Correlation Continues, BTC May Be Toast

    From ccn.com

    Bitcoin’s status as an uncorrelated asset is about to be revoked, as a scarily close relationship to the price of avocados implies that the digital currency may be about to fall off a cliff. Bitcoin’s performance of late has left a little to be desired, and strangely so has the price of avocados. This relationship was pointed out in a profoundly insightful tweet by Bloomberg’s financial Journalist, Tracy Alloway. A graph depicting the price of Hass avocados and bitcoin shows an eerily similar pattern. Avocados witnessed a notable boom in the last quarter of 2019, with a sizable 130% increase on the previous ... (full story)

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yg10
Oct 12, 2019 8:28pm
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It is possible to calculate correlation between any two measurable entities in the Universe and to create a "custom indicator" or to write an article about that

> Avocados witnessed a notable boom in the last quarter of 2019
Probably journalists do not know that quarter consist of 92 days not 11
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