The beginners will be bleed out slowly. Here is what will happen...
The price is going to fall slowly, in order to give hope to people that don't have experience. Every now and then, you will see a small "pump", but each time it will be smaller, at the same time, the price will go lower and lower. By the time those holding the bags sell, it will be too late.
My recommendation is to sell now, if you didn't put a stop loss as I suggested before.