I prefer to go out from all active trades via stop loss before such fallings. Actually such red days are additional opportunities to enter in trading with a good position. That's why I place bids under support levels and buy cheap coins. But of course I buy them only following the principles of diversification and risk management.

This event really shows strong sides and advantages of blockchain technology and cryptocurrencies. But also it shows that this sphere is real competitor to bank system.

Personally I prefer to form portfolio main part of which consists of each type of these assets, Bitcoin and Ethereum. Because in such way I can diversify my risks. But also I prefer to invest about 20-25% of my portfolio into BCH, IOTA, ICX, ZEC, HSR, EOS. I don't like small altcoins.

Definitely long-term investments is not trading. Because trading mean that you will buy asset and sell it in short period of time without any drawdown. But hold and just wait for a long time is not trading, it is just long-term investment. But actually long-term investment afford trader to earn money and correct his last mistakes. That's why many traders choose long-term investments. And I also prefer to hold for long time.

Day trading requires a big concentration and time to learn information about investment objects. Because it means that you will buy asset and sell it in short period of time without any drawdown. But hold and just wait for a long time is not trading, it is just long-term investment.
The best strategy for newcomers is to try buy low any cryptocurrency from top-50 and hold it to sell in high (holding). If you want to trade into a day you will have to learn about technical and fundamental analysis. Because successful day trade is very difficult. That's why it is better to hold now, sell on green days and buy in red.

May it will be good decision to buy bitcoin for short period of time at 6,2K$, but not a lot of it. Because then I think you will be able to sell it at 7,6K$-7,8K$. But then I will expect the price at 1,2K$-3K$ and will think about hard buying (with really big amount of money - for me) it on that levels of price.

Actually it is too hard to advice to buy certain cryptocurrency right now. Every trader should make OWN decision to buy or sell any asset according to his experience, analysis (technical and fundamental). And also I would trade only in big exchanges like Bitfinex, Binance, Bitmex and etc.

Warren Buffett said "Be fearful when others are greedy and greedy when others are fearful". It is very important, may be the most important thing - to have enough patience to wait for getting chance to buy and sell certain asset in comfortable price.

May it will be good decision to buy bitcoin for short period of time at 6,2K$. Because then I think you will be able to sell it at 7,6K$-7,8K$. But then I will expect the price at 1,2K$-3K$ and will think about buying it on that levels of price.

I also think that Bitcoin will fall down. But in my opinion it will fall to 1,2 - 3K$ by middle of September. Then it will slowly recovery to the current prices and start full rising in the beginning of spring in the next year.

If you afraid of the market it is better to not trade. Because you can get big loses. Personally I am going to sell Bitcoin at 7,6-7,8K$ and rebuy it at 1,2-3K$.

Actually fluctuations with trendline and corrections are natural for any type of asset. Now we see downtrend of Bitcoin and it is not ended. I think it will fall down to 1,2-3K$ levels. That's why sometimes it is better to sell asset in current prices and rebuy at lower prices.

Personally according to technical analysis I expect that Bitcoin wil correct now to 6,2K$, and increase till 7,8K$ by middle of september. After that it will fall down to 3K$. It may be because of manipulations, regulations by the goverenments and etc.

Such groups of artificial pump and dump will only affect negatively to cryptocurrencies market and decrease trust of people in it. Because it is not fair. I hope that the situation will improove with increasing of regulation.

No doubt that regulation of this sphere will affect positively. Because if certain sphere is regulated, trust of people in it and business turnover will increase, scams will decrease.

I think bitcoin can crash to $1200 in 2018. There are manipulations, trying of regulations by the governments, fears of the market participants in this year. These factors negatively effect to the price. But also these factors can transform to great advantages for us to buy cheap bitcoin and altcoins.

Start trading crypto currency is quite a difficult step. But it is necessary if you want to succeed. First, study the literature on the cryptocurrencies market, then on the technical analysis. Try to use technical and fundamental analysis in the aggregate. And start trading with not big sums and most importantly trade only for your money. Do not take credit or borrow.
And about Bitcoin according to technical analysis I think it will be in flat till the end of this year. But also it will crash to $ 1200 - 3000. and will go back to current levels. Then it will start it recovery.

Day trading requires a big concentration and time to learn information about investment objects. Because it means that you will buy asset and sell it in short period of time without any drawdown. But hold and just wait for a long time is not trading, it is just long-term investment.
The best strategy for newcomers is to try buy low any cryptocurrency from top-50 and hold it to sell in high (holding). If you want to trade into a day you will have to learn about technical and fundamental analysis. Because successful day trade is very difficult.

Start trading with cryptocurrencies you should know that it is too risky. That's why it is very important to force ourselves to adhere to the principles of risk management and diversification. You should always have free fiat money and never invest borrowed funds.

I think Bitcoin will not update ATH update in this year. It will be only in flat. According to technical analysis bitcoin will be in flat till the end of this year. But also it will crash to $ 1200 - 3000. and will go back to current levels. That's why - yes, Bitcoin price could be $ 4000 - 6000 by the end of this year.