it allows smart traders to benefit from that situation and buy up at lower prices.
Exactly. If BTC fell to $600 I would be panic buying.
Even if I lost money now, I look at is as a long-term investment.
Every day we see a sharp drop of $10-15 and then it goes right back up.
I guarantee there are some people buying a large amount of coins during those hours.
Now that Bitcoin is approaching $600, the question is are you panic buying? If $600 is the point at which you should be furiously panic buying, surely $610 is low enough to be buying.