Good evening,
As you know, I usually do #Bitcoin analysis and share these analyses with you. From time to time, I also get questions about other cryptocurrencies. However, since the volume of these cryptocurrencies is usually not very high, it is quite difficult to predict their price. For this reason, I cannot comment on this issue. However, I considered a different approach: to analyze the short-term and long-term relationships between Bitcoin and other projects. In short, I plan to do a correlation analysis.
First, let me briefly explain what correlation is. Correlation refers to the relationship between two specific variables. Let me explain with an example: For example, if the value of Bitcoin increases while the price of the project decreases, there is a negative correlation between the prices. On the contrary, if both increase together, then there is a positive correlation. The correlation value varies between -1 and 1.
Let's define correlation more simply:
Correlation is a measure of how two things are related. For example, if ice cream sales increase when the temperature increases, then these two events are said to be positively correlated. That is, when one increases, the other also increases. Conversely, if coat sales decrease when the temperature increases, then these two events are negatively correlated; when one increases, the other decreases. Correlation helps us better understand how two different things affect each other.
Returning to our topic, my aim is to share these analyses with you piece by piece, three projects at a time. We will also comment on how Bitcoin follows its movements regarding these projects. I will publish these studies as articles so that they can be followed regularly without getting lost in price movements. I aim to contribute to your analyses and help you while making transactions. I hope that these studies will yield successful results and that you will be satisfied.
We will make a start as soon as possible. Let this be the preface of this introduction.
See you later,
