I have been investing in cryptocurrency for 5 months . I am buying some icos and holding coins. I started with 5000 usd. And sometimes my balance went up to 30k and down to 12k . I feel very uncomfortable when my balance is dropped.
So i want to know is there any strategy to protect your balance before the dump?
Anyone can help please.
Thank you so much.
If a coin pumps really fast and non-stop then you should start to being scared and predicting it to dump afterwards.
I know it happens so I think the price of any coin increases and decreases sharply for two reasons, one when the project we use will face a lot of continuous bad news in market, when cause most of new users to panic which is not good of course, so it think when you see bad news and there be sure price will fall, and the other is whale who sell a lot of bitcoin to the market as replanted method to make price down and buy high amount of bitcoin again,. So it we can recognize the time of dump and pump through this.
