the eth crash didnt last long.
was sitting at 1200usd for days.
nanopool sent 0.1 eth out when it dropped to 850usd, I was expecting it to be a proper crash down to at least 600usd, so I sold it there and then, within 24 hours was back over 1000usd.
I think the crashes are manipulated meaning the manipulaters will buy again to start another growth spurt. So next time it dips I wont sell.
What was interesting is on my phone I got an app where I am graphing 6 alt coins, and bitcoin and ETH.
When it mini crashed, all the alt coins and bitcoin crashed as well with almost the same exact pattern on the graph.
All the altcoins are based against bitcoin so they will have almost exactly the same pattern on the graph unless the coin has a big buy or sell itself. by that I mean
Say Bitcoin is £10000 and Solaris is 0.002 bitcoin then it's £20 a coin (0.002x10000)
If Bitcoin crashes to £7500 and Solaris stays at 0.002 bitcoin then it's now worth £15 a coin (0.002x7500)
So if Bitcoin loses 25% then if the altcoin stays the same then it will also drop 25% because it's value is against bitcoin, The only way it will be different to any noticeable amount if say
Bitcoin crashes to £7500 and say Solaris goes to 0.0025 so thats now £18.75 a coin so now while Bitcoin has gone down 25% Solaris has only dropped 6.25% so will look different on the graphs.