I see my portfolio has lost around 5% over the past couple of hours. So I searched the internet expecting to find some kind of explanation to no avail. I figured another govt issued a negative statement regarding crypto or something. But that doesn't seem to be the case. If anything, the news stories about crypto seem to be positive today. So can anyone tell me what causes dips like this?
Also, at what point are you guys prepared to sell to protect against a crash? Do most of you have sell stop orders on the books to protect against a crash? Thanks in advance!
I don't do day trading yet or even the traditional one, OP.
You shouldn't have that much issue just yet in 5% loss, but you might consider preparing for a crash.
Put it in stablecoin whenever you start to earn, just as it breaks past your breakeven.