Why the market is like this? - Should i quit crypto for good!

[Tomak]

Is this a whale manipulation to get in lower or there are some really bad news in crypto market? Please be honest and tell the truth. I am really thinking to quit crypto world for good as i can still quit as a winner from my initial investment. I am getting sick of this market and hope and patience is not good enought for me. I dont believe in Bitcoins new ATH by the end of the year. What i saw in may and now in june it really turn me pesimistic about the crypto market. So i want to save my last BTC i have left.

[DonTsTop]

I do not think you should quit cryto for good because you still have a lot that you can achieve from it because it will continue to grow and become more stable.What we are experiencing now in the crypto market is only for a short period of time and it will soon recover and price of coin will increase. I think you should be a little more patience and wait till the market recover to earn reasonable profit when you sell your coin.

[loicuagio1979]

Don't blame for whales manipulation, bad news which you don't know or something like that. I am an investor too and I am losing my money day by day. However, please tell me:
1. Why do you keep thinking of Btc' new ATH? Because if you think so, you are gambling, not investing.
2. What do you think about the newcomers or the people who sold btc 6 months ago? If the btc and cryptocurrencies are cheap enough, they will buy because they realize the good chance.
Well, personally speaking, I do like this market situation, though I have lost much money. Why? Because I have just invested 1/4 of my savings and I am now intending to invest more.
Gluck

[Oyali]

If you are in cryptocurrency for a few months and quick profit, then it is better to quit. Otherwise if you look at the whole graphic and are here for long term, then you can wait with patience.

[zoata87]

I think you should quit crypto for a few months then buy back when bitcoin is bullish again. Right now the whale wants you to dump your bitcoin and make you lose all hope of a new ATH. Just HODL your bitcoin or dump it when the price goes up again.

[KimJonnan]

I once had this idea, but I still insisted on it. I think the current market still has many opportunities to make money compared to other investment markets. Even if I give up the industry, I cannot guarantee profit elsewhere. !

[preshpr1nce]

The crypto market is the best for profit even in it's bear state, the key is understanding how to profit in this situation.
What I would recommend, if you lack experience or have lost a bit of money just focus on learning rather than expecting big things, play with a small amount so when we go bullish you're geared up better than others to take profit, I've been averaging 10%+ in this market per week which is more than I could wish for in any other market, the key is understanding when to buy and when to sell, I don't view this as a good hold market right now.

Learn some basic TA and understand what drives the price of a coin up, focus on determining when a coin is oversold, research the roadmap for a given coin to determine if it has upcoming events which could drive it's value up, learn to keep optimism in check when you see gains as things can turn and you'll miss your chance

For areas of TA to research, look in to:
Charting resistance points
Understanding RSI
Understanding EMAs

That's a good starting point, relate that with news about the coin, if it's oversold due to poor news it's probably not the best investment, if things look good and the roadmap is clear it's much safer to buy in when a coin becomes oversold.

Also be careful of hype, it can be good to ride but also create a mess if you buy in at the wrong time.

Once you improve your ability to trade and turn a profit you will care less about your current losses, it's no different to investing a ton in to your studies, you take a short term loss for a longer term gain.

Also just remember we're still up over 2x from a year ago, on the stock market this would be considered a great purchase, you're in the right place for making money but making money doesn't come without knowledge.

Also we're pretty well at the bottom for BTC now, it won't go under 6k based on it's current support, not a great time to panic.

[Aion2n]

Everything that happens now in the market specifically to ensure that people like you, sold all of their coins in a minus and left.
I am confident that when the market starts to grow rapidly, crowds of people like you start investing all of their savings in a crypto currency. Don't be offended, but such people are called hamsters .
It's all simple speculation. I am sure that soon the period will come when, the price will grow. So, if you are not ready to keep your emotions under control and constantly improve yourself, then it's really best for you not to be in this market. You will lose all your nerves and savings here.

[Geoff999]

The short answer is. Its completely up to you and no one can predict this market fully.

If you have made a decent profit, and you would rather remove your investments now whilst you are still up, and then enter again once the market has had a stable period of either being flat or growth, then go for it.

If not, then I would probably suggest that you ignore the crypto markets until christmas, and see what is happening then

[Tokens.info]

It's up to you, but if you are concerned only about the short term - then quit ! The crypto world in general requires a lot time to develop, get mass adoption and rise. We all are still making baby steps in the right direction. The market itself is fragile and easy to manipulate but that shouldn't discourage you. Cryptocurrencies are not just about making easy profit but creating a better,decentralized world for us and for our children. If your main concern is loosing a couple hundred bucks, then it's not for you,my friend ! Best of luck to you and everyone else !

[Mister1k]

I have come across many news website to know about the reasons for the current price dump mate. I have found that saying bitcoin and all other crypto currencies dumped in the market due to south korean exchanges seems hacked and that is reason for this price manipulation.

I am really not accepting the this the is actual reason for this dump as crypto market says bro. Then I have found otherside many fake news on the website bro. So you need to wait for some days to find the marketplace value increase or not.

[pealr12]

Still ,this scenario is just a correction  and whales are accumalting in this bear market. Dont worry  cause this happened several times . Those who quit in this hard days will never win.

[X-ray]

Is this a whale manipulation to get in lower or there are some really bad news in crypto market? Please be honest and tell the truth. I am really thinking to quit crypto world for good as i can still quit as a winner from my initial investment. I am getting sick of this market and hope and patience is not good enought for me. I dont believe in Bitcoins new ATH by the end of the year. What i saw in may and now in june it really turn me pesimistic about the crypto market. So i want to save my last BTC i have left.

You can try to read the latest speculation about crypto. Did you even hear about only to invest you afford to lose? Many people are not believing it right now. But you can try to cutloss it if you are only getting a little loss. This dead cat bounce was hurting everyone and the manipulators still created more and more money.

[dinoloverpete]

If you can't handle this negative period and you have no belief that there will be a recovery then yes you should quit for good. I know it's hard but if you have no belief left then it's not worth it. It's always important that your sanity comes first.

[tdeannova]

I understand your concerns and frustrations about crypto, maybe I can advise you not to open any access about crypto and not see or hear it in this time.

This is not the end of it all and we do not know what will happen in the future, better take a break from the world of crypto.

[iwanirawan]

If you quit now so you let the whales win the war. Thats mean they can buy many btc or eth or another coin at lower price and sell it in higher price. If you already get profit, you can sell it now to save your money then buy back when the price start to pump. So you can get more profit. Ussualy at the middle year like this the price are dumping and will be raise up again at the end of year. Try to follow the whale's play so you can earn more.

[ROB18]

I do not think you should quit cryto for good because you still have a lot that you can achieve from it because it will continue to grow and become more stable.What we are experiencing now in the crypto market is only for a short period of time and it will soon recover and price of coin will increase. I think you should be a little more patience and wait till the market recover to earn reasonable profit when you sell your coin.

I agree, I think quitting is not the best option for now. If you continue to believe in the technology behind bitcoin and other cryptocurreny which is the blockchain and if your believe in the utility of the token itself, then keep your bitcoin alive. I'm pretty sure that it will come back bigger and stronger in the coming months/years.

[swissgang]

Whales are not the cause of every dip you should buy the dip if you quit the crypto now other ones would buy your coins and hold them instead of you.

[Sylvial]

The cryptocurrency market like the forex market isn't for the faint hearted. Except you're new in this space, you should know that dips like this are regular occurrences. While you can't rule the possibility of whales manipulating the prices, dips happen.

[francedeni]

Whales are not the cause of every dip you should buy the dip if you quit the crypto now other ones would buy your coins and hold them instead of you.

Hold than selling your coin as this will rise again. Crypto is not good so we can buy some to invest for long term. Do not sell in this bad market and dont quit crypto. This is a challenge in bitcoin market and other crypto.