For the past couple of weeks the crypto market has fallen quite a lot. Actually, Bitcoin took a huge dive and the rest of the market followed.

I look at it like a set of planets hanging on elastic with the market capitalisation of each being equivalent to the gravity of each. This means that as one crypto is affected by an outside event all the others are affected too, one way or another.

The analogy isn’t very good but it gives me a way of watching the value of coins relative to others that I hold, rather than just watching the price in $.

For me there are far too many coins and tokens to monitor so I have selected about 25 that I watch. I add or remove them as news changes my focus.

When one of my trading coins goes up relative to another I trade, regardless of the hype, and so increase my overall holdings. It is slow but it steadily builds a portfolio.

I get my share of FOMO when I see a coin going to the moon but I don’t buy after it’s gone up. I only buy the red ones. Green means sell.

Btw, it doesn’t always work. Sometimes I buy and it goes on dropping. Then I wait.