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 don't think that we will see repetition of 2018 though everything is possible in crypto space but it is unlikely to happen as it is 2021 not 2018 when Bitcoin rise was based on speculation. There is huge awareness about crypto and institutional involvement now and Market cap is many fold higher now. Mass adoption is also advancing at good space and counties like Salvador adopting Bitcoin as legal tender and many more countries are likely to follow it. There are all signs of crypto strength so in my opinion what happened in 2018 won't happen now though Bitcoin can fall and get its price corrected.