What if somebody will make a huge dump and sell it all the way to earn some profits because of this rally in bitcoin,and someone sees it and do that same thing. Is there any effect on bitcoin when someone to this,?
I buy bitcoin then one day goes down my money gets wrecked
It is not the end of the world, bitcoin's price is going down everyday, it is natural to panic since I guess it is your first time on buying bitcoin or first time here in the cryptocurrency world. Bitcoin is a decentralized network so its price is volatile causing it DUMPS and PUMPS from time to time, but trust me, there is no reason to panic because DUMPS is just for temporary and it will rise again in no time.