Everyone gets excited when a coin drops sharply. They think: "If it recovers, I will make a lot of profit." But this is a foolish retail thought.

Coins that drop like this do not magically recover. Whales and serious investors avoid them. Only gamblers enter in hopes of a recovery. Fraudulent coins plummet and remain dead. I would love for it to rise to my breakeven point so I could short-sell it more aggressively, but I know that won’t happen.

Be smart. Hope is not a strategy.

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