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Bitcoin last night was down though it was a flash dump for investors who desperately waiting to buy bitcoin. This is a flash dump as the price value of it still above $90k and has chances to get down before hitting back the $100k worth price value once again as I predicted in my last blog. Following bitcoin moves because market looks like all about bitcoin and most of the coin follow the lead of this boss coin earlier or later. I do trading Altcoin but bitcoin is always on spotlight to me.
Well, the reason will be found behind my following bitcoin right in this post but before that I want to talk about my current crypto trading experience which is also connected with the discussion topic. The current trading update is positive but taking high risks as anytime Altcoin can dump like giving a shock but still holding is always an option that can be adopted and take a temporary leave from trading can help saving our money and energy both.
Bitcoin price getting down that means market will show red candle anytime and my coin price value can fall down unexpectedly. I thought like that when things are happening absolutely opposite to it and this morning my coin is pumping when bitcoin price was dumping. The math sounds complicated so let me make it simple. Each coin before a surprise pump, we can see it dumping likewise before a shocking dump we can see coin price pumping and this is sometimes predictable though always be ready for any kind of situation like pump or dump.
I personally not ready for both and unexpected things happen to me and I get impatient to hold that cause loss of asset value and money both. Trying to have control over my desperate trading actions and high risk taking doesn't guarantee profit that we should keep in our mind when trading so splitting asset for buy sell can be a good way to avoid loss. These are reasons behind my following the boss coin in the market and trading altcoins carefully.
I would miss the highest pump of my coin but before the shocking dump I want to take a pause from trading but honestly my greed not allowing me for this. Will keep updated my crypto trading experience. I believe a big investment and hold for big price value can't stop you to be a gainer but still I feel myself out of control and this is me who is responsible for her own losses.
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