The futility of crypto diversification

DiceAreCast · May 19, 2021

and you can? Where is your bbg, ran out of the trial?

destriero said:
None of you can (afford to) structure a short, so just stop. None of you own more than 1-2 BTCUSD, so stop. You're embarrassing yourselves.

johnarb · May 19, 2021

virtusa said:
All depends of how big the crash is and how big the advantages were...

But I think what you did makes sense. I would do that too.

I luckily traded all my BNB a few days before the real crash and 2/3 of CAKE

Otherwise, a big part of the gain effects would have been diminished

It was key in my furious selling yesterday, which looks like I'll be in for the same process today. I did not sleep until after 3AM my local time :banghead:

noddyboy · May 19, 2021

virtusa said:
Why should he go short? I am a non believer too. I never went short as I would never trade any position in something that I call a scam.

Everybody who makes money, laughs. That's not limited to crypto believers.

Wow...it is so hard to make a simple point. As you said, make money and laugh. My point - S2007S is the only one that laughs when he doesn't make money.

virtusa · May 19, 2021

noddyboy said:
Wow...it is so hard to make a simple point. As you said, make money and laugh. My point - S2007S is the only one that laughs when he doesn't make money.

Maybe he laughed because this time the loss was small...

krugman25 · May 19, 2021

I don't think it's futile. At the end of the day the principle is still the same as a stock index, but in a much more volatile asset class. DPI which is an index of 14 Ethereum DeFi tokens (OG protocols, well establish, battle tested, fee generating) performed better than a lot of individual tokens. I just grabbed some random tokens (DOGE, CAKE, and BTC) and DPI performed almost as well as BTC over the past 2 days. Pretty impressive considering DeFi tokens tend to be some of the most volatile of any in the space.

S2007S · May 19, 2021

noddyboy said:
Do you have a position or just finding joy in other's misery?

I said many times in the past few weeks that cryptocurrencies were going to collapse and collapse they did.

Trader Curt · May 19, 2021

S2007S said:
I said many times in the past few weeks that cryptocurrencies were going to collapse and collapse they did.

Yeah, keep patting yourself on the back buddy...

noddyboy · May 20, 2021

S2007S said:
I said many times in the past few weeks that cryptocurrencies were going to collapse and collapse they did.

I sold right before the collaspe. HA!

Pekelo · May 21, 2021

krugman25 said:
I don't think it's futile.

Reality would like to disagree:

https://www.reddit.com/r/path%3D%252Fr%252FButtcoin%252Fcomments%252Fni2xbf%252F

krugman25 · May 21, 2021

Pekelo said:
Reality would like to disagree:

https://www.reddit.com/r/path%3D%252Fr%252FButtcoin%252Fcomments%252Fni2xbf%252F

I see you're being disingenuous as usual. The chart I posted literally shows an index of volatile DeFi tokens which has less volatility than most individual tokens.

You showed you know how to take a screenshot on your phone. Good job. Your screenshot doesn't show anything regarding indexes. It doesn't even show percent performance which makes it meaningless for relative comparisons. It doesn't show it because DOGE is down 20% since the crash while BTC is only down 7%, and that is a reality you want to disagree with.