Quote from: shailkumari on March 09, 2018, 06:33:22 PM

Quote from: CarltonWyatt on March 09, 2018, 05:07:24 PM

How do you deal with 20% plus drops. Do you try to sell at the top and buy back in? are you a hold on for dear lifer?

Such drops can be hard to digest for new investors. They start investing with the hope that their money will only increase after the investment. Personally, I have become used to these price falls. On the current local exchange I am using frequently I see drops of $200-$300 in minutes but it still does not makes me panic. I know that this is common as we keep getting mixed news related to bitcoins from all over the world. If the prices are not volatile, we will not be able to see those amazing spikes as well.

Indeed. For new investors its hard to understand the market, so they usually panic in such situation. But after some time in crypto you gain experience of the market and dont fear the pumps and dumps anymore. You should know a thing about all asset markets, the fall of market is blessing in disguise. Its blessing for people to invest their money again at low coin values and gain some good profit after the market recovers and goes bullish. Pumps and dumps are necessary for a healthy market, dont let them scare you.