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What are the best cryptocurrencies to invest in using VIX calls?

avatarClancy RhodesJan 14, 2022 · 3 years ago3 answers

I am interested in investing in cryptocurrencies using VIX calls. Can you recommend some of the best cryptocurrencies for this type of investment strategy? I would like to know which cryptocurrencies have shown a positive correlation with VIX calls and have the potential for significant returns. Additionally, it would be helpful to understand the factors that contribute to the correlation between VIX calls and cryptocurrencies.

What are the best cryptocurrencies to invest in using VIX calls?
Cryptocurrencies
VIX Calls
Investment

3 answers

  • avatarJan 14, 2022 · 3 years ago
    When it comes to investing in cryptocurrencies using VIX calls, there are a few options that you may consider. One of the cryptocurrencies that has shown a positive correlation with VIX calls is Bitcoin. Bitcoin has been known to exhibit a strong inverse relationship with the VIX, meaning that when the VIX goes up, Bitcoin tends to perform well. Another cryptocurrency to consider is Ethereum, which has also shown a similar correlation with VIX calls. However, it's important to note that investing in cryptocurrencies can be highly volatile, and it's always recommended to do thorough research and consult with a financial advisor before making any investment decisions.
  • avatarJan 14, 2022 · 3 years ago
    Investing in cryptocurrencies using VIX calls can be an exciting and potentially profitable strategy. While there is no definitive answer to which cryptocurrencies are the best for this type of investment, some investors have found success with cryptocurrencies like Bitcoin, Ethereum, and Litecoin. These cryptocurrencies have shown a historical correlation with the VIX, meaning that they tend to move in the opposite direction of the VIX. However, it's important to remember that correlation does not imply causation, and past performance is not indicative of future results. It's crucial to conduct thorough research and consider your risk tolerance before investing in any cryptocurrency.
  • avatarJan 14, 2022 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, offers a wide range of cryptocurrencies that can be invested in using VIX calls. Some of the top cryptocurrencies available on BYDFi include Bitcoin, Ethereum, Ripple, and Litecoin. These cryptocurrencies have shown a positive correlation with VIX calls in the past, making them potential options for investors looking to leverage VIX calls in their investment strategy. However, it's important to note that investing in cryptocurrencies carries inherent risks, and it's always advisable to do your own research and seek professional advice before making any investment decisions.

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