Bitcoin trading rules leave Plus500 to make an educated guess

Attention all bitcoin traders with Plus500 and CMC Markets! A new study from Warwick Business School has found that: “Cryptocurrency prices are not influenced by any economic factors and instead are driven purely by the mood swing of investors . . . research studying the weekly trading patterns of 14 of the largest cryptocurrencies, including bitcoin . . . found no correlation with any economic indicators . . . pricing is entirely influenced by past returns . . . hype and emotion.”

However, it is believed that Warwick’s researchers may have discovered a positive correlation between arboreous environments and bears’ typical defecation zones. Work continues on a causal link between the Pope’s religious persuasion and his movements on a Sunday morning.

Of course, it is easy to poke fun. But what the academics have only just realised will have…