It was really a surprise to see so much bleeding in the cryptoverse. I think BTC whales have something to do with this as weak hands played again yet into their hands.
Dips like this provides a good buying opportunity to fill ones bag and stop loss should also be set to avoid huge losses in moves like this
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Not sure, too many people are talking about the power outage in China and point to that as the cause for this drop.
Stop Loss can help you avoid huge losses indeed, but IF you set your stop-loss wrong it can also stop you out with a loss and not have a chance to get back in because the market jumped up right again.
The knife cuts both sides ...
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