We can never know exactly when a coin is at its lowest point, where itâs best to buy, but right now most coins are lower than theyâve been in a long time.
Before you ask, the names marked with a light grey background in the leftmost column are just some I watch more than the others. I always watch Bitcoin and Ethereum so no need to mark them.
Well, I think the crypto market will stop falling when the big investors are finished selling off their coins, mostly Bitcoins.
Notice how it follows the stock market. The stock market is sensitive for such things as interest rates, inflation or recession, but the crypto market is not sensitive to those things so why does the crypto market follow the stock market? Because itâs the same investors in both markets and when they panic and sell off stocks they also sell off crypto coins.
You and me are not big enough investors to affect the crypto market the way we see it fall now. We are small potatoes compared with big institutional investors and other big investors with billions of dollars invested in Bitcoin. So itâs them that make the crypto market volatile and behave like a jojo! When theyâre out, the market will stabilize and slowly go up, IMO. Until they want to go in again, that is.
There are several reason why I made my own list in a spreadsheet, mainly these:
I have many custom-made columns. Some are hidden in the view above, but most of them are to the right of those shown and are used for my own coins. I store and calculate my investments to the right in this spreadsheet and have made a pie chart of my assets and a column chart of relative growth of prices too, in two separate tabs. You can see an example of that column graph in post #18 above.
I needed to be in control of the data I got so I could do my own calculations. If I used a ready-made online watchlist then I had to be content with what it showed me, more or less.
I needed an overview of both the coins & tokens and my own assets in the same view. Switching views back and forth didnât work for me.
I havenât found a place online that gives me the overview I wanted. True, I havenât tried tried CoinGecko, but several others. Either they didnât satisfy my need and/or they were subscription sites.
My spreadsheet does not contain any fees for scraping the data online I need for calculations.
I needed a black background, because I often work at night and white backgrounds hurt my eyes. Not all online sites provide a black background in watchlists.
Since Iâm an old programmer I could make this, so I did.
I will keep some of those as tips for my own research and might even start doing my own sheet.
I normally use coingecko but youâre right it doesnât always have all the colums you want and arranged in a personalized matter nor they give that option.
My recommendation would be to focus on the big ones, for example Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Solana (SOL), and others. Note: Solana (SOL) isnât supported by Trezor devices.
But, as with stocks, the important thing is to follow a coin/token over time to see how it performs and why before you decide to invest in it or not. In other words, you want to know the market as good as you can before jumping into it. The volatility in the crypto market makes it harder to watch and draw conclusions though.