Over the last 3-5 weeks we have seen some very substantial drops in price. I have taken the liberty of creating a spreadsheet that shows the biggest losers in the market. This spreadsheet helps us decide on new buys as well as trades between cryptos.
The way I look at it, is that you can use this as one criteria when deciding the best buys currently. Now isn't a great time to buy into bitcoin, litecoin, or ethereum classic for instance because they did not take big hits during this crash when you compare to the rest of the market. If we expect the market to regain its former glory (which of course it mostly will, minus some shitcoins), then the biggest losers may be the biggest gainers. This is of course not a guarantee, but to me is very likely.
An example of some moves I made today based off of my findings, was that I trade much of my Litecoin, and some of my Ethereum for several of the coins in red on my chart. These coins we know have potential to make great gains, because we have actually already physically seen them hit these peaks, as opposed to speculating about a coin hitting a new ATH (All Time High).
Please let me know what you think about my analysis! I am new to Steemit, but have been working with cryptos for some time now. I love this community and all of the great education and entertainment within! If you'd like me to add any coins to this list please comment below.
If you enjoyed this and would like to see more of my analysis in the future, please upvote, follow, and resteem!
See you around Steemers! (Is that a word here lol?)
-CryptoRock