Why altcoins are in the red, what to buy/sell
Right now altcoins are lowering their value against BTC, this is the opportunity to BUY! Altcoins price correction lags behind coins like ETH and BTC, so when these major coins surge, altcoins play catch up.
Gridcoin (GRC) had a great day yesterday and will most likely see a correction rather than a surge, I'd recommend for a buy at anything over -5.5% BTC
Siacoin is the same, looking at SC overtime you can be sure they'll be quick to catch up:
Bytcoin is also fast to recover, and if Ripple goes red, I'd dig in fast.
In my previous post I mentioned that ETH is a great buy right now, or a hold if you have it.
The overall idea is this:
- When BTC or ETH surge, buy their steady altcoins. Price correction will