I have been investing in cryptocurrency for 5 months . I am buying some icos and holding coins. I started with 5000 usd. And sometimes my balance went up to 30k and down to 12k . I feel very uncomfortable when my balance is dropped.
So i want to know is there any strategy to protect your balance before the dump?
Anyone can help please.
Thank you so much.
If someone knew about this then he will be a multi billionaire by now. He can even control the market by being a whale with every crypto currency that will be out there.
There is no way you can know it will drop. Different people have different amounts and once they all want to sell at the same time (which we dont know when will happen) the price will drop. It is possible to happen but unknown when.