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Correlation does not imply causation.
by tjbiddle 11y ago
Correlation does not imply causation.
- lololomg 11y agoNobody said it did
- Marazan 11y agoYou're the kind of person who upon seeing a gun shot victim and as the coroner says, " He was killed by a bullet entering the body and piercing the heart" would shout out "Correlation does not imply causation" reflexively. Do you really not think the general population's interest in bitcoin has any effect on the price?
- verroq 11y agoOr maybe price is driving the interest?
- vanderZwan 11y agoPerfectly fair question, but I highly doubt there would be a 1:1 causal relation from BC price to twitter mentions of it. Trending topics are more of a critical-mass "hashtags trending with exponential growth" kind of thing.
- makomk 11y agoNearly all the Twitter mentions of it I've seen lately were people talking about the price rise.
- h_o 11y agoI'd agree. Buying BTC based on public interest would be too late. I believe the public interest is sparked by the price - which is perhaps later adding additional additional price hikes sure - but the correlation is not public interest to price; I think it's the opposite, price to public interest. Price drops - so will public interest.
- Marazan 11y agoPeek Bitcoin interest on Google Trends happens _prior_ to the peek bitcoin price for each previous bubble.
- DasIch 11y agoBoth of these things are likely true. Something creates a spark that drives the price up slightly and the media creates interest that drives up the price further, which the media reports on... This will go on just like previously until the bubble pops again.
- dragonwriter 11y agoOr, both are true: this kind of positive feedback loop is the essence of a speculative market bubble.