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A drop in hashrate is often believed to be correlated with an immediate drop in price. Played around a bit with @thetokenanalyst numbers - and it seems the correlation isn't as strong as we think it is.
Specifically took the last six months.
Specifically took the last six months.
Looking at late 2018 - there has even been 1 instance where price dipping and a spike in hashrate happened on the same day
I don't want to do TA on % difference, but here's how the graph looks for the last quarter (and yes the recent dip did have a hashrate decline associated with it)
Last one - a dual axis view.. because, why not
Narratives and reality, especially when you have the numbers at hand don't go hand in hand.
The argument I do see here is that daily hashrate may nto affect price. Weekly/Monthly is a better way to look at it.
Narratives and reality, especially when you have the numbers at hand don't go hand in hand.
The argument I do see here is that daily hashrate may nto affect price. Weekly/Monthly is a better way to look at it.
So uh, in the interest of more chart porn - here's one for the monthly (avg) vs price difference (avg) . Um, I think I can buy the hashrate argument on basis of this.
And that's all.
And that's all.
