5 ms·
That's roughly 100 percent price correlated. tether, iota, emercoin and few others aren't as correlated. Not a good diversification when they all go up and down
by RichardHeart 9y ago
That's roughly 100 percent price correlated. tether, iota, emercoin and few others aren't as correlated. Not a good diversification when they all go up and down together. (If you're diversifying to reduce risk.)
- cperciva 9y agoDepends what type of risk you're trying to reduce. Trying to reduce the risk of prices dropping? Not very useful. Trying to reduce the risk of them turning out to be scams? If you diversify enough you might end up with one which isn't.