Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
sirazimuth
on 09/08/2020, 18:44:13 UTC
⭐ Merited by JayJuanGee (1)
So guys, how does the heatwave in Europe affect BTC price?
minimally. but do you think it does somewhat? why then?
I was looking at historical snapshots and noticed what may either be a trend or simply coincidence since BTC price is so volatile.
During the heatwave last year (21-28 July), BTC dropped more than 1000Usd. Same thing happened during the heatwave in 2018.
I am referring here strictly to Europe.

Coincidence.
Get enough data sets  and you can come up with all sorts of weird correlations.
To repeat the old adage....Correlation is not causation.