When bitcoin drops to $30000, this is a disaster for most traders who buy bitcoin and altcoins at a price high. We didn't expect bitcoin to fall this low, so causing altcoins prices to be dumped very deeply. For traders who have already lost over 25% in trading, then it is best not to cut losses because it will make lose some capital. So believe me, the bitcoin price will back up again and altcoins price will rise again.
That's true. But I want to leave my thoughts here.
I am a btc futures trader. And I find an extreme solution that helps you exit with minimal loose.
I made an order just for 25% of my deposit. And if I get on the wrong side - I decide to make another 25% order. As a result, my entry price is getting closer to my current price.
However that's extremely risky.
But it helped me get from a long position after the btc price crashed to 30k.