Don't worry, no panic selling. Not sure what's happening but it is the same old story keep your heads do not drop bags at huge discounts, the world is not ending.
One tip for a dip like this:
- If whatever crypto you are holding went down 5%, look to exchange it for another project you love that went down more. Panic sellers in your second favourite crypto can result in your net gain.
But as always know what you are buying, buying dips is great, but if the price just imploded you should have some confirmation that the dev team didn't just die in a plane crash moments before you pick it up.
Barring that sort of unlikely event, these dips are probably just the result of FUD and if you have strong hands you should be able to benefit.
What I did:
My IOTA was down 5%, which by market standards was nothing, so I traded it for Substratum and EOS, both of which were on bigger dips at the time. EOS is since recovering, but I am a happy camper. Substratum is well off its all time highs but I am still hopeful for the project long term and its market cap definitely leaves a lot of room for growth.
Love those small to mid sized market caps!