Re: ETH got an asskicking today? Time to buy?
The crypto coins dip every couple weeks and then spike again. Just buy on the dips and sell at the recovery points. These last couple days, the price hasn't shot up to new highs like previously(above $3000 for BTC and $400 for ETH but $2500 and $300 instead), but you still would have made about 5% or more on BTC and 20% on ETH. I don't know of any stocks that behave like this.
You can also do this with the other alt coins, but watch out for the coins with low market caps(under a few million) that can be manipulated by pump and dumps. The coins that are just a few hundred are basically pump and dump lures, so you have to set alerts on those all the time if you buy on an upswing. I've been watching a few of the coins that are under a few million, and the pattern is a small increase in buying causing the price to go up about 5%, people start to notice, the price goes up around 10% after that, and then there's a sell off sending the price back down almost 15% to the original point. It's uncanny how many of them go through this behavior on a daily basis considering there are hundreds being traded. I use the cryptoting.tech alerts for monitoring this, but it updates every few minutes. You could probably get updates faster though as the price of coins can swing in minutes.
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