Re: New to this... What's causing the current selloff?
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?
There is no specific reason for a minor correction, we need to see that the market was rallying for a long time and you should expect a minor correction here and there. I could not find a specific reason for the correction but we can say that the resistance was strong 
.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!
If there is a huge swing in price especially after a correction of around 10% to 20% i will book my entire profit.