{"id":8500,"date":"2021-06-11T11:52:09","date_gmt":"2021-06-11T16:52:09","guid":{"rendered":"https:\/\/rixtrema.com\/blog\/?p=8500"},"modified":"2021-08-10T08:13:47","modified_gmt":"2021-08-10T13:13:47","slug":"how-to-assess-risk-when-investing-in-crypto-use-coinoptimiser","status":"publish","type":"post","link":"https:\/\/rixtrema.com\/blog\/how-to-assess-risk-when-investing-in-crypto-use-coinoptimiser\/","title":{"rendered":"How to Assess Risk When Investing in Crypto &#8211; Use  Coinoptimiser"},"content":{"rendered":"\n<p>According to coinmarketcap.com, as of April 2021, there were more than 9,000 cryptocurrencies that facilitate peer-to-peer transfers of data and value. Where does this leave the individual who believes in the future of these crypto-assets but can&#8217;t figure out how to invest in them?<\/p>\n<p>The vast majority of advisors don\u2019t recognize them as an investable asset class; therefore, many are not able to talk about them in depth with their clients and prospects.<\/p>\n<p>More than 6,700 different cryptocurrencies are traded publicly, according to CoinMarketCap.com. And cryptocurrencies continue to proliferate, raising money through initial coin offerings, or ICOs. The total value of all cryptocurrencies on April 20, 2021, was more than $2.2 trillion, according to CoinMarketCap, and the total value of all bitcoins, the most popular digital currency, was pegged at about $1.2 trillion. So it is slowly coming to a time when your clients will be probably going to be asking about this, if they haven\u2019t already. Some financial advisors have found that being knowledgeable about investing in cryptocurrency is a way to bridge the gap with younger generations of their clients\u2019 families.<\/p>\n<p>So to become a trusted advisor you will sooner or later start talking about the major aspects of adding cryptocurrency to a client\u2019s portfolio.<\/p>\n<p>\u00a0<\/p>\n<p>At your first login you will see an empty Watchlist. There are hundreds of coins that could be added for further analysis and comparison. Simply start typing a name or abbreviation of the coin or token you would like to add.<\/p>\n<p><a href=\"https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/1-min.jpg\" data-rel=\"lightbox-image-0\" data-rl_title=\"\" data-rl_caption=\"\" title=\"\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-8501 alignnone\" src=\"https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/1-min.jpg\" alt=\"\" width=\"804\" height=\"472\" srcset=\"https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/1-min.jpg 985w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/1-min-300x176.jpg 300w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/1-min-768x451.jpg 768w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/1-min-500x293.jpg 500w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/1-min-800x469.jpg 800w\" sizes=\"auto, (max-width: 804px) 100vw, 804px\" \/><\/a><\/p>\n<p>Let\u2019s add a bunch of some popular crypto coins, for example Monero XMR, Ethereum ETH, Bitcoin BTC, DigitalCash DASH and Litecoin LTC. Some basic info, including Name, Algorithm, Proof Type and the links to cryptocompare.com with detailed coin statistics, will be displayed as soon as you add new items in the list. Any coin can be removed by clicking on the Trash icon on the right.<\/p>\n<p><a href=\"https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/2-min.jpg\" data-rel=\"lightbox-image-1\" data-rl_title=\"\" data-rl_caption=\"\" title=\"\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-8502 alignnone\" src=\"https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/2-min.jpg\" alt=\"\" width=\"899\" height=\"580\" srcset=\"https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/2-min.jpg 899w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/2-min-300x194.jpg 300w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/2-min-768x495.jpg 768w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/2-min-500x323.jpg 500w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/2-min-800x516.jpg 800w\" sizes=\"auto, (max-width: 899px) 100vw, 899px\" \/><\/a><\/p>\n<p>Hitting Analyze button takes you to the Correlations report. The Correlations report will show you the most positively and negatively correlated coins for each chosen cryptocurrency. In other words, we will see similar and dissimilar coins for any given cryptocurrency. You can review and compare by a correlation level, market capitalization of each coin and performance charts.<\/p>\n<p><a href=\"https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/3-min.png\" data-rel=\"lightbox-image-2\" data-rl_title=\"\" data-rl_caption=\"\" title=\"\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-8503\" src=\"https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/3-min.png\" alt=\"\" width=\"1426\" height=\"676\" srcset=\"https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/3-min.png 1426w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/3-min-300x142.png 300w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/3-min-1024x485.png 1024w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/3-min-768x364.png 768w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/3-min-500x237.png 500w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/3-min-800x379.png 800w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/3-min-1280x607.png 1280w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/3-min-1200x569.png 1200w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/3-min-1320x626.png 1320w\" sizes=\"auto, (max-width: 1426px) 100vw, 1426px\" \/><\/a><\/p>\n<p>\u00a0<\/p>\n<p>Now, proceed to the Coin Risk report.<\/p>\n<p>Coin Risk report will show you important statistics on behavior of each coin, including Excess Curtosis, Skewness, Downside Volatility, Idiosyncratic Risk, Standalone VaR and Standalone ETL, to help you explain the differences between cryptocurrencies. Hover your mouse pointer on the question symbols next to each parameter to see a brief description (you can scroll to the bottom of the report to see the same details too). The Horizon and %, Quantile fields can be modified.<\/p>\n<p><a href=\"https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/4-min.png\" data-rel=\"lightbox-image-3\" data-rl_title=\"\" data-rl_caption=\"\" title=\"\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-8504 alignnone\" src=\"https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/4-min.png\" alt=\"\" width=\"1413\" height=\"647\" srcset=\"https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/4-min.png 1413w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/4-min-300x137.png 300w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/4-min-1024x469.png 1024w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/4-min-768x352.png 768w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/4-min-500x229.png 500w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/4-min-800x366.png 800w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/4-min-1280x586.png 1280w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/4-min-1200x549.png 1200w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/4-min-1320x604.png 1320w\" sizes=\"auto, (max-width: 1413px) 100vw, 1413px\" \/><\/a><\/p>\n<p>Also, below the list there are chart buttons for each statistic that helps to review the comparison between the coins in a convenient chart form.<\/p>\n<p><a href=\"https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/5-min.png\" data-rel=\"lightbox-image-4\" data-rl_title=\"\" data-rl_caption=\"\" title=\"\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-8505\" src=\"https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/5-min.png\" alt=\"\" width=\"1416\" height=\"656\" srcset=\"https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/5-min.png 1416w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/5-min-300x139.png 300w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/5-min-1024x474.png 1024w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/5-min-768x356.png 768w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/5-min-500x232.png 500w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/5-min-800x371.png 800w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/5-min-1280x593.png 1280w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/5-min-1200x556.png 1200w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/5-min-1320x612.png 1320w\" sizes=\"auto, (max-width: 1416px) 100vw, 1416px\" \/><\/a><\/p>\n<p>\u00a0<\/p>\n<p>At any time you can click on the coin abbreviation or the Coin Snapshot button at the top and you will see the technical analysis of the coin including momentum and other more sophisticated indicators.<\/p>\n<p>\u00a0<\/p>\n<p><a href=\"https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/6-min.png\" data-rel=\"lightbox-image-5\" data-rl_title=\"\" data-rl_caption=\"\" title=\"\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-8506\" src=\"https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/6-min.png\" alt=\"\" width=\"1411\" height=\"684\" srcset=\"https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/6-min.png 1411w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/6-min-300x145.png 300w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/6-min-1024x496.png 1024w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/6-min-768x372.png 768w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/6-min-500x242.png 500w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/6-min-800x388.png 800w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/6-min-1280x620.png 1280w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/6-min-1200x582.png 1200w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/6-min-1320x640.png 1320w\" sizes=\"auto, (max-width: 1411px) 100vw, 1411px\" \/><\/a><\/p>\n<p>\u00a0<\/p>\n<p>Hit PDF button in the top-right corner to create a convenient PDF document that will include each coin details along with Correlations and CoinRisk reports, that could be further emailed as an attachment or hard-copied for book keeping purposes.<\/p>\n<p><a href=\"https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/7-min.png\" data-rel=\"lightbox-image-6\" data-rl_title=\"\" data-rl_caption=\"\" title=\"\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-8507\" src=\"https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/7-min.png\" alt=\"\" width=\"1407\" height=\"674\" srcset=\"https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/7-min.png 1407w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/7-min-300x144.png 300w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/7-min-1024x491.png 1024w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/7-min-768x368.png 768w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/7-min-500x240.png 500w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/7-min-800x383.png 800w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/7-min-1280x613.png 1280w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/7-min-1200x575.png 1200w, https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/7-min-1320x632.png 1320w\" sizes=\"auto, (max-width: 1407px) 100vw, 1407px\" \/><\/a><\/p>\n<p>For any further questions or suggestions please contact us at <u><a href=\"mailto:clientsuccess@rixtrema.com\">clientsuccess@rixtrema.com<\/a><\/u> or dial (212) 513-7070 or (800) 282-4567.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to coinmarketcap.com, as of April 2021, there were more than 9,000 cryptocurrencies that facilitate peer-to-peer transfers of data and value. Where does this leave the individual who believes in the future of these crypto-assets but can&#8217;t figure out how to invest in them? The vast majority of advisors don\u2019t recognize them as an investable&#8230; <\/p>\n<div class=\"clear\"><\/div>\n<p><a href=\"https:\/\/rixtrema.com\/blog\/how-to-assess-risk-when-investing-in-crypto-use-coinoptimiser\/\" class=\"excerpt-read-more newsstand-button\">Read More<\/a><\/p>\n","protected":false},"author":13,"featured_media":8508,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2153],"tags":[2154,2161,2117,2118],"class_list":["post-8500","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-case-studies-coinoptimizer","tag-coinmarketcap-com","tag-coinoptimiser","tag-crypto","tag-cryptocurrency"],"jetpack_featured_media_url":"https:\/\/rixtrema.com\/blog\/wp-content\/uploads\/2021\/06\/CoinOptimizer-review-min.png","yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v15.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Assess Risk When Investing in Crypto - Use Coinoptimiser<\/title>\n<link rel=\"canonical\" href=\"https:\/\/rixtrema.com\/blog\/how-to-assess-risk-when-investing-in-crypto-use-coinoptimiser\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Assess Risk When Investing in Crypto - Use Coinoptimiser\" \/>\n<meta property=\"og:description\" content=\"According to coinmarketcap.com, as of April 2021, there were more than 9,000 cryptocurrencies that facilitate peer-to-peer transfers of data and value. 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