Well actually, in a previous post in Hacker Noon, I did a correlation analysis on the market against Bitcoin, and it turns out that the idea of diversification is only an illusion with cryptocurrency, as everything in the market right now is pegged to Bitcoin. Sure, you might have some price spikes from random coins here and there but unless you’re able to capture the profitability at the tip of that needle, then you’re not really any better off than just holding Bitcoin. More on it here: https://hackernoon.com/bitcoin-dominance-5a95f0f3319e

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