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?
Corrections like this normally happen but you shouldn't see it as a negative thing all the time but rather take it as an opportunity to buy and accumulate more. The market needs correction because it will also benefit the investors who are waiting for low-affordable coins. We shouldn't fear the dip because it's part of the crypto cycle.
No market can go only up, its natural that market keep taking correction. See for instance, bitcoin fall to 45k six days back and now its on 50k. Those who saw this dip as buying opportunity are enjoying the profit after the Christmas. Those who feared this dip are cursing the missed opportunity.