BitMEX Research: 2018's Crypto Rollercoaster Ride

The research department of leading exchange BitMEX posted a video reflecting their new "Cryptocurrency pricing model" - a novel depiction of an investor's rollercoaster ride.

Posted on the Twitter feed of BitMEX Research, the 24-second clip displays a Lego roller coaster with a sign reading "HODL" overarching the track, just prior to the plunge.

Invariably a nudge towards to the research body's "Price projections for 2019", the passengers rise again after the descent.

BitMEX Research constructs a new cryptocurrency pricing model.

While punters may view the video as noting bullish sentiment, BitMEX Research's official stance would be to have no position.

Typical findings are published in what the group describes as "Unbiased, evidence-backed reports", or noted on the BitMEX Research Twitter.

Previously, the outfit reported that Bitcoin's price may be correlated with traditional assets - and not immune to turmoil in markets such as the S&P 500 stock market index.

"It appears that Bitcoin has been a reasonably non-correlated asset class throughout its history. During the recent rally to a valuation of hundreds of billions of dollars correlations - and, crucially, correlations to risk-on assets - started to increase."

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