Which cryptocurrencies are included in the short bitcoin list and why?

3 answers

• Dec 19, 2021 · 3 years ago
  Sure! The cryptocurrencies that are included in the short bitcoin list are typically those that have a high correlation with bitcoin's price movement. This means that when the price of bitcoin goes down, these cryptocurrencies are also likely to experience a decline in value. The reasons for including them in the short bitcoin list are to hedge against potential losses in bitcoin and to take advantage of short-term trading opportunities.
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• Dec 19, 2021 · 3 years ago
  The short bitcoin list includes cryptocurrencies such as Ethereum, Ripple, Litecoin, and Bitcoin Cash. These cryptocurrencies are included because they are among the largest and most popular altcoins in the market. They have a significant market capitalization and a large user base, which makes them highly influenced by bitcoin's price movements. Additionally, these cryptocurrencies often have similar technological features and use cases as bitcoin, which further contributes to their correlation with bitcoin's price.
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• Dec 19, 2021 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, the short bitcoin list includes cryptocurrencies that have a strong negative correlation with bitcoin. This means that when the price of bitcoin goes down, these cryptocurrencies tend to go up in value. The inclusion of these cryptocurrencies in the short bitcoin list allows traders to profit from the decline in bitcoin's price by shorting bitcoin and going long on these alternative cryptocurrencies.
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