At the moment of writing this article, BTC is trading in the red, and the king coin is priced at $54,652.23.
Popular crypto trader and analyst Ben Armstrong is investing in Dogecoin and three altcoins following the huge marker pullback.
In a video posted on YouTube, he says that he’s giving up on Bitcoin “making an absolutely massive run-up in a short period of time” and just going back to a strategy of trying to get “small wins as they come.”
He said that he’s buying VeChain (VET), as well as possibly Dogecoin (DOGE) and Binance Coin (BNB).
“Binance Coin, I would add because it has just been absolutely massively ripping lately, and now it’s had a large retracement. Not super large. Not out of context for the dip that we just had, but it’s shown a lot of momentum, so now that it has dipped, you can expect those coins like Binance Coin and Ethereum especially to have really, really, really hard rebounds,” he said.
Also, he said that he plans to invest $200,000 to $300,000 in Ethereum competitor Polkadot (DOT).
Advice for people who lost cash
As the online publication the Daily Hodl notes, he also has advice for people who lost a lot of cash during the past days.
“I know a lot of you guys are hurting. I know a lot of people have been wrecked today, but guys, you just got to learn: use those stop losses, don’t get over-leveraged, and you just can’t sleep on the markets,” he said.
He continued and said: “I mean, sometimes they’re going to make massive moves, and remember, as I always tell you guys, if a massive dump will liquidate you, it’s always going to eventually happen. That’s why it’s important that you take profits along the way.”