I see my portfolio has lost around 5% over the past couple of hours. So I searched the internet expecting to find some kind of explanation to no avail. I figured another govt issued a negative statement regarding crypto or something. But that doesn't seem to be the case. If anything, the news stories about crypto seem to be positive today. So can anyone tell me what causes dips like this?
definitely the news mate it really can affect in the crypto market ! Because for your information that is the common reason even before, wherein why crypto suddenly swing down within days. especially if there's a government issue,? Well don't expect that the market has ability to recover immediately.
Also, at what point are you guys prepared to sell to protect against a crash? Do most of you have sell stop orders on the books to protect against a crash? Thanks in advance!
mostly in the market they preferred to dump during the crash., especially those who earned a lot, wherein there's no way they will not skip in order to protect there profits IMO. Especially those greedy ppl who always waiting for the lowest price to buy again, don't assume they'll not join to jump, because they always dump immediately to start again from the bottom.." Buy low and sell high!"..
. So all i can say there is a lot of hodler that dumping instead of hodling especially if there's a massive collapse in the market. .