Quote from: ryzaadit on January 27, 2020, 05:18:02 PM

But the reality you from price movement provider,none one of altcoin has a correlation positive against BTC went the correction/rally was happening.

Negative correlation refers to if BTC increases, A will decrease, if BTC decreases, A will increase. I guess that's what I'm looking for. Well, the result is limited to last 100 days.

Quote from: dbshck on January 28, 2020, 12:06:05 AM

I would say yes, but if your portfolio consists of just A and B then I think you should look at the A vs B correlation directly.

That would be good. I have to do some extra work; that's not something hard but lot of works behind the scene. I guess I can do it without finding out the correlation between both the investment. Rather, I would put $100, $50 in BTC in $25 for each altcoin. It's the same thing, isn't it?

Quote from: TheUltraElite on January 28, 2020, 05:59:41 AM

I actually do not trust this "predictor" site to give out correlations without knowing the algorithm behind it. Do you have any idea what algorithm they might be using? Unless I know that I wont use it. Also if I know that then I would probably learn how to apply it myself. Grin

The algorithm is simple. As I said above, they just have had some math on the last 100 days & based on that, they have calculated the correlation.

Quote from: magneto on January 28, 2020, 06:37:18 AM

However, I'm not sure whether or not it's necessarily a good idea to invest in two coins that are completely opposites of each other. That could potentially mean that any gains in one of the coins can be offset by losses in another coin in your portfolio. I'd rather pick a sector which I think has potential and diversify within that sector.

That's exactly what I'm looking for. If I lose something in project A, that will be covered by project B. Of course, both the profit and loss will not be same. There might be a different and that's what I will realise. Not much risk, not much gain.

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To be completely honest, I do not prefer to go for the altcoins at all. Keeping the focus on bitcoin and using a dollar cost averaging on bitcoin to buy and sell at proper low and high respectively is what I feel minimizes risks.

Lol, it would be an experiment for me. Wouldn't go for much at all. I am really now more excited after getting the price update on 2 of the negative correlation altcoin; which more or less following the negative trend- that's from 2 days data though Cheesy

Quote from: joniboini on January 28, 2020, 06:39:42 AM

It's safer to diversify with another kind of portfolio, such as mutual funds, gold index, etc rather than investing in altcoin

Thanks and yeah, diversifying into another asset is of course good idea. Actually, I'm trying to have an experiment if it works at all or not. I'm trying to diversify the risk from same industry. It's a well known practice in traditional stock market but I don't know if anyone ever tried in crypto; of course did since we have the site to get the correlation factor.

Well, the chance of the method to be effective here quite low though. In stock market, we might have seasonal things which can affect a certain stock positively in a certain period while other stock may be affected negatively in that period. Since, in crypto the real use too low, I guess it won't much work. I will of course have a try through following the correlation factor of the site shared in OP and let you guys update later about the output.