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RE: The #1 mistake most crypto traders make
LOL at that chart! Also the Chinese not chicken meme; love it. Good advices there too. I think I need to quit trading at this point and just keep some USDT on a few exchanges for use when the market crashes like this...
You have to be careful that you don't "catch a falling knife" when the market is selling heavily. I prefer to wait until the first bounce or two and get some confidence that the selling is over.
Also, be very careful leaving anything on the exchanges. They are still a big counterparty risk and if you don't know what I mean by that, just put Mt Gox into Google search for an idea of what can happen.