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Guavifo t1_iynj7xh wrote

Nice relationship! Is this statistically significant?

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phdoofus t1_iynkoho wrote

Replying to Guavifo (#847,526)

You can't really tell because you don't know what data is the driver. They've agglomerated the balance sheets of five central banks in to one and you don't know what the percentages mean or what's driving them, neither do you know what's driving the bitcoin price, which could be completely different.

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BadSanna t1_iynlxrl wrote

Sooooo completely unrelated?

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Old_Gringo t1_iynm1qd wrote

So? I assume you've adjusted the Y axis to try and show a correlation, but I honestly can't think of any reason why central bank balance sheets (assets?) would be correlated with movements in Bitcoin's (exchange rate?). The movement of Bitcoin is so much more volatile it doesn't fit within the graph. I would try plotting changes in an aggregate of stock indices against changes in Bitcoin. Regulatory thinking is that crypto should be considered a security, so that might be interesting.

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Aqueilas t1_iynyrkw wrote

What are you trying to show? Seems like no correlation

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millhouse-DXB t1_iyo5jth wrote

Thank you for confirming my suspicion that they are not correlated.

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backwardog t1_iyoidw9 wrote

That is indeed what the plot shows.

1