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RE: Bitcoin mania has reached a new level of insanity
I have noticed that when trading these securities on days where bitcoin does well, you will make double-digit % returns with a lot of these stocks, but then as soon as a Bitcoin correction happens, you will lose the same. Not a great way to profit, but interesting nonetheless.
true and true
There is a correlation between Bitcoin and the most common cryptocurrencies (https://www.sifrdata.com/cryptocurrency-correlation-matrix/).
This correlation should be higher with ICO's due to their smaller market cap.