It's true! Skilled traders are waiting for that panic selling so that they could buy cheap coins and wait for a while and watch it grow then when the time is right they gonna sell them off and wait again for the next panic selling. Skilled investors are taking advantage from young investors that are always doing mistakes in investing.
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Panic, for those investors have a depth pocket is their advantage time to buy more coins they have higher chances of making out good profits. They can afford to hold more time cause the price will get high sooner and those people have patience to wait proper timing.