If you are new to the bitcoin world, welcome. You may be in for a bumpy ride. The most important thing to remember is DON'T PANIC, no matter what, DON'T PANIC. If you want to make it as a day trader or just not loose a lot of your money DON'T PANIC. You want to keep your head cool at all times. Bitcoin is traded with high volatility. There will be flash crashes and flash rises. The worst thing you can do is sell into that flash crash only to release you just sold at the bottom, right before it goes back up. Remember before you go selling all of that bitcoin you bought at >1000 for <300 to take a few deep breaths. The great thing about trading bitcoin is this volatility. If you can learn how to ride it you will be profitable. Historically, there have been many flash-crashes and slow crashes of Bitcoin. These are usually followed by a slow and steady rise back up and then a parabolic rise. I remember buying coins during the April 2013 bubble at 188 and panic selling them at 60. Had I only held on to those coins for another 3-5 months, I could have sold them for $1,200! Bitcoin will go up again. It always does. Choose your exists and entry points wisely and you will be fine. If you did made this mistake and lost money panic selling, learn from this. Let this fuel your desire to learn about TA and become a more disciplined trader. Also, don't get too worked up over the Mt.Gox stuff. Go back and read through some of the old threads on Bitcointalk. Mt.Gox and many other exchanges have had all kinds of problems, in most cases they are resolved.
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