Whenever the market is down the new traders get panicked and start dumping their coins in the market which negativity contributes to price drops.
It impacts the entire market as dumped take place whenever there's panic that take place, it's really
hard for those new investors to keep holding.
The ones who are holding from long are the ones sitting on top without any loss because in the long run the prices surge.
If you have the right understanding and you are willing to wait for the target value to achieved then
it will happen favorable to your position.
So this correction and dips cause most of the day traders to losse more than long term holders in the market.
This corrections are cause of different factors, though behind this most of the time it cause by whales who
holds huge numbers of assets.
So the traders need to understand the market conditions and control his emotions if want to gain profits in the long run.
Very well said, it's your knowledge that saves your investment. Both long or short as long as you know what to do
then it safe for your invested money.