Will the market pump or dump?

[Abiky]

While in short term it looks like it's pumping, because it has reached above 94k, we have to realize that we can't be pumping for long term because we are going to see bear run eventually come, it always does, it's like Japanese railways.

So I think it's smarter to sell right now, and wait for it to go down so you can buy at half the price in a year. I know many people doubt me, and I know that most of you will not do it, but if you do, I am sure that we are going to be able to see it go down, and then you will be happier.

Only Bitcoin is "pumping". The rest of the cryptocurrencies are down at the moment. Altcoin season is going to take a very long time. I'd be wise to sell some BTC in favor of promient alts, just in case. You might double or triple your investment once altcoins experience renewed interest from investors and traders alike.

What will "pump" the entire market would be the approval of several spot ETFs in the US and abroad. Popular altcoins (LTC, SOL, XRP) are close to having their own spot ETFs. That would open up the doors for institutional investors to flood the market with their capital. As a result, prices will skyrocket like never before. I'd just diversify my investment and forget about the rest.

[SirLancelot]

First mistake you made was to invest according to other's opinions. This will hardly give you any profit. Not everyone is going to give you genuine advice because even they need to make some money. They can only offload their shares of dropping coins if new people like you enter the markets. Usually, money circulates in the markets, and this circulation comes from the fresh stock of money.

I'm sorry to say but your money was already lost in the markets the moment you entered a coin without making any proper research. The drop might continue and your loss will keep on increasing. I hope you are prepared to hold the coins for a longer duration because only then you can gain some profits. Try to avoid looking at the loss statements and think of it as lost money.

Going forward, make sure to invest only once you are sure about the markets. For this, you need to be strong on technical as well as fundamentals. Try to spend some time in learning how the markets work and don't risk investing real money at the initial stage. Instead, try paper trading which will give you good experience. You can only invest real money once you are confident about your strategies.

[Odusko]

I am a new trader, I have no experience in the market, I bought some tokens based on people's advice, now I am facing a lot of losses, I don't know whether the market will go up or down, please tell me whether the market will go down or up?
What should I do in this situation, should I hold it or sell it?

How can you as a newbie trader and buying tokens based on others advice, you will always have problems with your trading pier since you failed to do your own research and rather following the advice of others.
I believe those advice were even gotten from online cryptocurrency influencers who probably working for those projects and want you to buy into them to make their own gain., keep holding your Bitcoin if you have it among your trading assets, but for assets of memecions categories, you best sell when you are still on the hype side with some profits.

[justdimin]

I am a new trader, I have no experience in the market, I bought some tokens based on people's advice, now I am facing a lot of losses, I don't know whether the market will go up or down, please tell me whether the market will go down or up?

Basically we are in the bear run right now and that is why we can't really expect anything to go up. Sure there will be tiny moments when it's going to go up, but that is not going to be long term and we can definitely keep it be a lot more different than most of us, so we shouldn't really be caring about it all that much, we need to consider this as something that will be a bit different and not so much great for anyone.

What should I do in this situation, should I hold it or sell it?

If you are trading BTC, ETH or BNB, you may hold and other than few altcoins, no other coins are not worth to hold so you may try to exit at least  with margin cost. When you are a trader, you must have stoploss as well and you should exit either target level or at stoploss regardless of overall sentiment of crypto space.

[bournekin]

I am a new trader, I have no experience in the market, I bought some tokens based on people's advice, now I am facing a lot of losses, I don't know whether the market will go up or down, please tell me whether the market will go down or up?
What should I do in this situation, should I hold it or sell it?

if you already brought the coins my advice is to sit and defo wait dont allow the fear take over leading you to sell at a loss. no one can ever be certain if the market will recover and when. it is all just there own thought and some may give their advice on the patterns they have seen in the past. be carful the market is a volatile place and only the strong mind truly succeed.

[dwyane36]

When you are a trader, you must have stoploss as well and you should exit either target level or at stoploss regardless of overall sentiment of crypto space.

Even if a trader is sufficiently disciplined and consistently uses take profits and stop-loss orders, this does not always protect them from losing part of their deposit when the market is highly volatile. I am referring to those moments when a stop loss either triggers with a significant slippage or fails to trigger at all due to high volatility. This usually happens when the last and mark prices differ significantly.

[Webetcoins]

Dumping is happening, while the most recent one was pumping from 60k to 70k, that was after a dump too so not like it recovered or went up. The thing is that people are constantly fearing what's going to happen and for that reason there is really no logic where it is going to continue to go up, because of the fear people have we are going to see it be very low.

So in the end, we should be focusing on how to get a better return by realizing the price will keep going down on all altcoins and even bitcoin.

[devlin85]

I am a new trader, I have no experience in the market, I bought some tokens based on people's advice, now I am facing a lot of losses, I don't know whether the market will go up or down, please tell me whether the market will go down or up?
What should I do in this situation, should I hold it or sell it?

mate honestly nobody knows where the market is going people can give you advice but that about it. dont let panic or hype run your trades. think for yourself and decide what you can afford to hold and dont chase random tips again. Protect your own money and dont let other though control it

[wiss19]

Only Bitcoin is "pumping". The rest of the cryptocurrencies are down at the moment. Altcoin season is going to take a very long time. I'd be wise to sell some BTC in favor of promient alts, just in case. You might double or triple your investment once altcoins experience renewed interest from investors and traders alike.

What will "pump" the entire market would be the approval of several spot ETFs in the US and abroad. Popular altcoins (LTC, SOL, XRP) are close to having their own spot ETFs. That would open up the doors for institutional investors to flood the market with their capital. As a result, prices will skyrocket like never before. I'd just diversify my investment and forget about the rest.

Even bitcoins are dumping as of now. The markets are not at all stable specially for new investors like OP. Entering the markets now with an expectation to make quick profits can quickly take a side turn. Yes, investing smaller amounts only if we are prepared to hold for a longer duration can make us gain profits but only in a longer run. Markets can easily revert back if institutions start putting more money, but this seems to be unlikely as of now. Major investments were already made and now even the whales are waiting and speculating the markets.

I would say it is quite risky as of now to close or even open any new positions. We do not have much surety. Altcoins might be stable for that is only for a while. If volume peaks, markets might quickly turn volatile wiping millions of dollars. A wise person would stay away and would only speculate the markets as of now.

[dwyane36]

Dumping is happening, while the most recent one was pumping from 60k to 70k, that was after a dump too so not like it recovered or went up. The thing is that people are constantly fearing what's going to happen and for that reason there is really no logic where it is going to continue to go up, because of the fear people have we are going to see it be very low.

So in the end, we should be focusing on how to get a better return by realizing the price will keep going down on all altcoins and even bitcoin.

Every market trend follows the same pattern. First, there is euphoria due to ATH, which is followed by fear and panic due to prolonged corrections. In fact, in the current market situation, you just need to observe from the sidelines and wait for the right moment to enter. Although it's worth noting that even now, there are altcoins on the market that are trading at very attractive prices.

[bournekin]

I am a new trader, I have no experience in the market, I bought some tokens based on people's advice, now I am facing a lot of losses, I don't know whether the market will go up or down, please tell me whether the market will go down or up?
What should I do in this situation, should I hold it or sell it?

take a step back to learn the process people will always tell you their advice based of the knowledge but most importantly of their experience. you have to remember individuals have different experiences which make everyone advice for new trader differ. if you can hold right now its the best thing but if you decide to sell dont sell at a loss just keep holding or what was the point of putting money in? situations globally affect coins and so does the media but this change and improve daily. if your at a loss hold you dont want to regret the decision later