So if I am going long BTC and short AVAX am I: 1. Short AVAX residual vol? 2. Short beta because AVAX is higher beta? 3. Short a style factor (user base) bc BTC usage > AVAX? 4. All above? 5. Just aping and clicking buttons #btc #trading #marketneutral
Maybe 1 but I’m thinking 5. Wouldn’t higher BTC usage increase token supply (mining)
For 3, I was thinking of usage/adoption as a style factor similar to a profitability factor in equities which has strong returns in a bear market. Since BTC has higher adoption than AVAX and that was part of the trade. Does that make it a residual or factor play, or pure APE?
United States Trends
- 1. Giannis 68K posts
- 2. #AEWDynamite 7,122 posts
- 3. Spotify 1.84M posts
- 4. #Survivor 1,311 posts
- 5. #iubb N/A
- 6. Bucks 42.4K posts
- 7. #AbbottElementary N/A
- 8. Steve Cropper 2,128 posts
- 9. Eddie Kingston 1,074 posts
- 10. Kevin Knight N/A
- 11. Milwaukee 18.5K posts
- 12. #TheChallenge41 N/A
- 13. Tosin 66.4K posts
- 14. Leeds 104K posts
- 15. Brazile N/A
- 16. Andrews 10.2K posts
- 17. Mikel 33.2K posts
- 18. Samoa Joe 1,017 posts
- 19. Isaiah Likely N/A
- 20. Knicks 26.2K posts
Loading...
Something went wrong.
Something went wrong.