ETH BTC: correlation is decreasing - page 2.

passeroutpass

full member

Activity: 438

Merit: 100

The price of the Ethereum will always depend on Bitcoin. just at the moment, an update is coming and against the field of this news, the price is rising despite Bitcoin

Psynthax

hero member

Activity: 2366

Merit: 504

Quote from: Dobby070 on January 07, 2019, 04:18:21 AM

Quote from: bene_gesserit on January 06, 2019, 04:57:15 PM

hi there,

it would seem that the correlation coefficient between ETH and BTC has been decreasing:
https://enroyd.com/ETH_Correlations/

Would a constant correlation coefficient around 0 indicate that Ether's price no longer depends on BTC? Are there any Stats experts here in the forum?

Thanks!

It's just the effects of the upcoming hardfork that will going to take place in ETH. For the next months, the ETH might as well go back to be dependent in terms of price to bitcoin who is currently has a huge impact on other cryptocurrency.

Not sure about that and it seems like ether was building its own way and tried to leave from the bitcoin domination. that's indeed if ethereum can't be 100% independent from the domination of bitcoin but at least that will stand alone.

Smon

member

Activity: 271

Merit: 10

Quote from: bene_gesserit on January 06, 2019, 04:57:15 PM

Would a constant correlation coefficient around 0 indicate that Ether's price no longer depends on BTC? Are there any Stats experts here in the forum?

Thanks!

I don't see whether it is correlated or correlated, every coin represents a different force in cryprocurrency, everyone wants to make the king of the remaining altcoin, but everything just compares, following me on price. Fortunately, they are correlated, the prices of both ETH BTC are fluctuating slightly, showing good growth in the future Roll Eyes

qazgroup

member

Activity: 1022

Merit: 20

RiveMont

I think that correlation is still there but it is the fundamental news and upgrades that is pushing eth upwards and more bulls are expected towards the mid of this month looks like eth will lead the market this time around and btc alongwith alts will follow.

Dobby070

copper member

Activity: 154

Merit: 0

www.codex.one

Quote from: bene_gesserit on January 06, 2019, 04:57:15 PM

hi there,

it would seem that the correlation coefficient between ETH and BTC has been decreasing:
https://enroyd.com/ETH_Correlations/

Would a constant correlation coefficient around 0 indicate that Ether's price no longer depends on BTC? Are there any Stats experts here in the forum?

Thanks!

It's just the effects of the upcoming hardfork that will going to take place in ETH. For the next months, the ETH might as well go back to be dependent in terms of price to bitcoin who is currently has a huge impact on other cryptocurrency.

reactorjuno

member

Activity: 322

Merit: 43

Quote from: bene_gesserit on January 06, 2019, 04:57:15 PM

hi there,

it would seem that the correlation coefficient between ETH and BTC has been decreasing:
https://enroyd.com/ETH_Correlations/

Would a constant correlation coefficient around 0 indicate that Ether's price no longer depends on BTC? Are there any Stats experts here in the forum?

Thanks!

Won't call myself an expert but from my own observation, even last year when Bitcoin was going strong, there were times when Ethereum was struggling a lot (the Crypto kitties episode for instance).

However in January 2018 it was the other way around, Bitcoin declining while Ethereum going strong, unfortunately for the latter it did not last too long.

If the correlation is less obvious than before, it is good news for several reasons: It means people buy the coins for the very concept behind the projects, and not only to speculate. Before the concepts of both coins are obviously very distinct, it makes sense that in the future, there will be less and less correlation.

bene_gesserit

newbie

Activity: 37

Merit: 0

hi there,

it would seem that the correlation coefficient between ETH and BTC has been decreasing:
https://enroyd.com/ETH_Correlations/

Would a constant correlation coefficient around 0 indicate that Ether's price no longer depends on BTC? Are there any Stats experts here in the forum?

Thanks!

Topic: ETH BTC: correlation is decreasing - page 2. (Read 321 times)