BTC will always go up and down. Though today it made first an exciting pump, then a legendary dump. Many investors wanted to secure profits, which is very wise. When it goed down again, you can accumulate more bitcoin. That is probably what every investor is trying to do.
Pumps are followed by dumps in most cases. Yu can choose between doing 2 things:
1: Sit still while you are being shaved
2: Try sell the high and buy back the low.
Both choices have some pro's and cons. In the first option you take a little loss in the short term, but it doesnt hurt you because normally, (except in times of big crashes), BTC will recvover better then it was before in a couple of days or weeks.
The second option is more risky, though you can also gain more. It is daytrading on the bitcoin. And why not? When the difference in pumps and dumps exceed 5% you might be able to accumulate some more BTC. Though, it is extremely hard to sell the top and buy the bottom. That is the risky part. Read the movements of the price value with full atttention, in order to predict in the short time frame wether the bottom or top is reached. Get familiar with price movements. When you trade close to the turn around points, you might win something. But this is a higher level of trading. You should not have weak hands.
Pumps are followed by dumps in most cases. Yu can choose between doing 2 things:
1: Sit still while you are being shaved
2: Try sell the high and buy back the low.
Both choices have some pro's and cons. In the first option you take a little loss in the short term, but it doesnt hurt you because normally, (except in times of big crashes), BTC will recvover better then it was before in a couple of days or weeks.
The second option is more risky, though you can also gain more. It is daytrading on the bitcoin. And why not? When the difference in pumps and dumps exceed 5% you might be able to accumulate some more BTC. Though, it is extremely hard to sell the top and buy the bottom. That is the risky part. Read the movements of the price value with full atttention, in order to predict in the short time frame wether the bottom or top is reached. Get familiar with price movements. When you trade close to the turn around points, you might win something. But this is a higher level of trading. You should not have weak hands.