Post
Topic
Board Altcoin Discussion
Re: New to this... What's causing the current selloff?
by
J_Townsend
on 22/03/2021, 22:40:27 UTC
There's no even bad news about crypto but the opposite thing was happening as china is starting to build its own blockchain to run the dapps that fully controlled by the governments.
That being said if im not even seeing this as a big dump for crypto. This is better rather than seeing when the whales dumping their bitcoin a few weeks ago.
You should read this news dude https://cointelegraph.com/news/3-reasons-why-bitcoin-traders-keep-a-close-eye-on-the-futures-funding-rate

You should never feel panic to see that

Interesting article... Thank you very much for that... I'm in this for the long run and I've told myself I wouldn't get into day trading because after fees, it's usually a losing proposition for people with my level of resources. However, it's hard not to pay attention the current market dropping even 5% since I have a significant amount of savings tied up in Crypto.

Let's say the market dropped 10% over a few hours for no apparent reason... Would you get out until things settled down? If not at 10%, what about 15, 20, and so on?

Thanks again!