This is only one coin which i can found, that have 95% negative correlation with BTC. All life of this coin is down trend, with huge spikes. No matter how you gonna move chart or zoom in or out, there strength mirror.
@SeanWevers, he divides with btc, offcourse there is opposite correlation, its how math works
GeorgeVeritas
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@MVPMC, you can compare another coin, they will have different movements. Completely different! This one if making mirror move against BTC. And how we can compare coin/$ if don’t have the pair like this? Or ? You can find and proof your idea with another coin. And we will discuss it later!
MVPMC
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@GeorgeVeritas, The opposition is caused by dividing one by the other. Lets say you compare BTCUSD and EURBTC. it will be perfectly opposite, with the differency on either side EURUSD and USDEUR.
Which is a small differency, because usd and eur are very stable.
If you compared USDBTC and USDnubits, the will have a common ground, from there you can compare.
@MVPMC, dont have pair like this. PUT another chart together and LOOK. or maybe you dont know how to do it? talk to much here, look well that another coin have positive and negative correlations, but only this one is 90% mirror if BTC move. look here well, most of coin have follow BTC,
look here well. And stop talk to look cool, isnt.
look here well. AND GIVE ME PROOF THAT USNBT dont have most negative correlation with BTC< or call it MIRROR correlation>.
MVPMC
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@GeorgeVeritas, nubits = 1usd (basically)
You compare btc-usd with usd-btc , and call it mirror correlation.
Once you understand that if you divide by something that goes up, the result is down, you will see how stupid this is.
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Use the same divider, lets say USD
and compare GOLD with BTC, you will see an opposite correlation at times.
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or following your example: IOTA/USD and BTC/USD, compare those.
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None of these examples show opposite correlation, it goes up togheter and down togheter, in different amounts because they have different trends.
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Be my guest and figure out if you are wrong, ask some math people, but at least consider the possibility, that you are SO very wrong.
GeorgeVeritas
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@MVPMC, we so happy that you here with us, without you market will never give up. Use your super mathematical talents to make money. I made this post only about usnbt/btc. Don’t have good website with crypto correlation, where can have more than 30 coins, to make analys. But here is numbers
1 Jan average price for
Btc = 13.500
NBT =0.000071
—————
Invest:
100$= 0.0074 btc = 105 NBT
Now
105 NBT = 0.0146 btc = 104$.
———-
ETH Jan 1 avg.price 0.055
0.0074 btc=0.134 eth
Now 0.134 eth = 0.0134 btc =96$
————-
ETC Jan 1 avg.price 0.0021 btc
0.0074 btc= 3.5 etc
Now 3.5 etc = 0.0084 btc.=60$
————-
Dash Jan 1. , avg, 0.075 btc
0.0074 btc= 0.098 dash
Now 0.098 dash =0.00635 btc =45$
————
My btc balance double. My usd same, right. But if btc will go up, my usd also will go up. So maybe have another coin which during falling of btc can give 100% to btc balance, I don’t find it yet. So that was idea , negative correlation over 90% to btc, can double you btc value agains btc/$ decreases. Check and think. Where my money was growing when btc falling. This is job of investor- move money to safety place during storm. USDT as alternative too. But only all this based on idea that BTC will back to good cost.