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Number of boating accidents vs price of Monero.

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by COINS NEWS 528 Views

Number of boating accidents vs price of Monero.

So I thought it would be interesting to see if there's a strong correlation between XMR price and cold storage withdrawals recreational boating accidents. Using Federal Recreational-Boating-Statistics report for 2020, we can gather that boating accidents are on a significant bull run starting in 2020, emerging from a double bottom reversal.

https://preview.redd.it/79g2oa24dsc71.png?521&format=png&auto=webp&s=4d9c24972b7ab9693746fc94f9e46794a525ad78

https://preview.redd.it/oqgclexfdsc71.png?506&format=png&auto=webp&s=0820eeeb8beee550e8dc474b74c0a73c513bf33b

The note is interesting, suggesting that boating accidents only get reported if you happen to lose at least $500 worth of your dearest crypto and have increased roughly by 20% in 2020. It is also very interesting to see that deaths from accidents didn't increase as much despite massive increase in accidents in general. It's almost like people have "safe" accidents on purpose, whatever that purpose may be (not defined on the charts alone).

XMR/USDT

While Monero gained around 200% in 2020, so far the correlation seems to be in tact (around 1:10), thought we will have to wait for the 2021 boating accidents report to further study if we're bullish on the boating industry making money on having to sell new boats or not. With enough historical precedent established, it will be easier to navigate boat stocks if you become decent in navigating the crypto market and vice versa.

submitted by /u/Stye88
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