When the market goes down many traders get frustrated and sell the coins to the market at a loss.
I'd not call them as traders to be honest, They being called as panic sellers instead of traders. Traders will always be using the dump as an opportunity to buy more at the bottom. This will be also helping a lot. There will always be a recovery phase after a huge dump by bitcoin.
Things are not so easy for bitcoin at this moment considering that it's always getting rejected after bitcoin is only one step away to break the resistance. This is the main problem owned by so many traders at this moment.
Many of traders have weak mentality and they can't become diamond hand once they
If you invest in the crypto market you have to remember that the market will correct. Going down indicates going up. That's why you have to wait without panicking and selling. During a bull run the market will go into correction.
Just always use the recovery time as a momentum to sell our tokens. I got decent profit from bought IO @ 4,7. it's not above 5.5 and it was going up only in a few days of wait. Im feeling so damn good with the future of IO.
The correction is always happening, it's not only when we are in the bullish market. People must be fully preparing their strategy in order to keep survive. Sometimes, the whales can also eat you.