There have been much discussions regards bitoin trading, but mostly they are focusing on long only strategies. That might work for certain periods (especially in secular uptrends) but if one has made detailed analysis of bitcoin (or any other cryptocurrency) price history, then you will notice that there have been several prolonged periods with downtrends.
Question is. Has someone made market neutral strategy with one or several cryptocurrencies that reduces exposure to sharp downtrends?
I think all coins are fairly strongly positively correlated.... I don't think it's possible to achieve a market neutral strategy...
But enlighten me, maybe I'm wrong!