Almost all of crypto crashed 20% in an instance today, liquidating a large number of Long traders, I too lost all of my new and year old Long positions.
Reports claim over $1 billion has been liquidated. My share on that was a small amount. I'm now so used to being liquidated that I laugh at large traders loss than lament on mine own. I've decided to stay away from crypto at least a month before even thinking of whether to buy the dip or not.
https://cryptoslate.com/bitcoin-plummets-9k-as-trumps-tariffs-spark-over-1b-liquidation-frenzy/Nobody was expecting this kind of dump in the crypto market recently. But I will say, that is crypto for everyone. That is the reason we are always advised by some experienced crypto traders and investors to invest only what we can afford to lose. With that, we may be safe in one or two ways.
I know that with this recent dump, some people may have suffered serious losses. Unfortunately, this has led some to harm themselves maybe committing suicide or experiencing heart attacks due to stress. That is why we always need to invest or trade with money we can afford to lose.newbies are often warned to avoid trading until they gather enough knowledge before starting. Even experienced traders are affected by this market dump,but it won't affected them as badly as a beginner.
For any newbies, I would also advise them to stay away from crypto for now to avoid any bad outcomes. If they want to invest, they should focus on Bitcoin, because Bitcoin doesn’t dump as unpredictably as other coins and always has a way to recover compared to other coins,recently
thaatthat bitcoin dump small some people hald of investment have gone because they invested wrong project.