deup

Lack of correlation between Ether and Bitcoin

KRAKEN:ETHUSD   ETHUSD
888 3 1
8 months ago
The correlation indicator here flips back and forth, showing in my opinion that the two are independent of each other.
8 months ago
Comment: positive flip didn't last long, will it become a negative correlation bias over time? The community sure thinks so, and might be self-fulfilling.

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btc_joe
8 months ago
interesting
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deup btc_joe
8 months ago
While I believe this chart is true today, this is a lagging indicator and Ether is new, so keep a lookout for positive or negative correlation trends in the future.
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btc_joe deup
8 months ago
Agreed, need a bigger sample size to see how the relationship will be ultimately, but that is interesting thus far. Pretty much all alts(to this point) have been assets of the same class as bitcoin, and have moved together with it (albeit at different rates thus changes in the ratios of their price to btc's). So, if ETH maintains it's independence it would be a first.
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