Only red lights have been burning in the market for several days now. Many have investing and lost a lot. I have lost a lot by investing myself. I don't really understand which way the market is going or will go. What do you suggest in such a situation?
I doubt that, even it is possible that it may dump like 2018 it doesn't mean that it will happen if you are going to look at 1 day chart you will see that we are consolidating and not crashing my prediction is by January or start of February the Bitcoin will pump to around $80,000 and the altcoins will follow, it is also good to load some Ethereum now I can guarantee that it is one of the good long term investment.
People are fearing that the same that happened during 2018 will happen during 2022 but what they do not seem to understand is that markets change, the market of cryptocurrencies of today is not the same as the market of cryptocurrencies we had back then, this market is way more mature, and now we have more strong hands holding their coins no matter what which at the same time have a great deal of money waiting on the sidelines to buy more bitcoin in the case its price drops, so if we see a bear market it is not going to be as big as the one we saw in 2018.