some new tarders may indeed consider the fall in cryptocurrency prices to be a nightmare and a bad day but for older traders who already have a lot of experience, the collapse of cryptocurrency prices at the exchange provides a good opportunity to buy coins at low prices by utilizing panicked traders.
The top traders tend to buy when the market has a big collapse because it is a great opportunity to make a profit and after the price drop there will be a lot of good rebound at that coin. I often do this to make money and in October the great volatility of Bitcoin helped me make a lot of profit in a short time. Of course there will still be times when I feel nervous and sometimes I lose more than 30% of profits in just one hour.During that time you might be scared but keep calm because the crypto market will certainly be very promising in the future so there's no need to worry too much.
It's easy to say: "Oh, the price is crashing, many traders are panicking and selling at a loss. It is a great time to buy!" But the problem is when and what price to buy. You could buy now and then the price suffers another 50 - 60% loss. That will put you with the bagholders of higher buy-in prices. The secret is discerning when to buy by using some form of chart analysis.
