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RE: Why Price Pumps Are Deadly To New Users
Honestly I think the best thing people can do when the price pumps a lot is to sell a little steem. If the Steem doubles in value, taking 10-20% off the table and keeping it in savings is pretty smart. I wish I had done that when it was pumping like crazy a few months ago.
I don't even think about it in terms of buying back in later. It's more about reducing risk for the long-term.
That is great advice and I always seem to forget that lol
If you have a stable work and income, I do not think that you need such a security. (If you only invest what you can afford to loose).
If you have to live off of your crypto you should definitely assure yourself to replenish liquidity when spikes happen.