How can the beta coefficient be used to measure the risk of investing in digital currencies?

1 answers

• Kaushik PrabhathNov 15, 2021 · 4 years ago
  At BYDFi, we believe that the beta coefficient is an important tool for measuring the risk of investing in digital currencies. It allows investors to assess the volatility and potential returns of specific cryptocurrencies in relation to the broader market. By considering the beta coefficient alongside other indicators and conducting thorough research, investors can gain a better understanding of the risk associated with investing in digital currencies. However, it's important to remember that investing in digital currencies carries inherent risks, and it's crucial to diversify your portfolio and only invest what you can afford to lose.
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