Help a Beginner to understand... - page 17.

genset88

member

Activity: 349

Merit: 10

Quote from: greed001 on February 01, 2018, 08:25:35 PM

Hello guys...

I have diversified my portfolio to about 25 different cryptos which were worth about 7000-8000$ just before the bitcoin crash came and I am wondering whats the exact reason behind this, when or will it recover (and so the alt coins I hold, don't have any bitcoin).

Why do almost all alt coins crash because of the bitcoin crash or correction?

My portfolio is worth only 4000$ atm.

Sorry for being an beginning idiot and asking this and thanks for everybody who can explain it to me

To understand Bitcoin or the crypto market for a beginner is quite tricky, but if they are exposed as well as taught and explained about digital coins and how they work they will know very fast. Think that in the future there will be more people involved in Bitcoin as well as the crypto market will be more and more investors.

gunungkembar

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Activity: 576

Merit: 43

yes because I think bitcoin is the center of the price of altcoin that exists if bitcoin rises then altcoin will also rise in price whereas if bitcoin price decreases it is certain altcoin will also decrease in price.

tuikindu01

newbie

Activity: 224

Merit: 0

Quote from: greed001 on February 01, 2018, 08:25:35 PM

Hello guys...

I have diversified my portfolio to about 25 different cryptos which were worth about 7000-8000$ just before the bitcoin crash came and I am wondering whats the exact reason behind this, when or will it recover (and so the alt coins I hold, don't have any bitcoin).

Why do almost all alt coins crash because of the bitcoin crash or correction?

My portfolio is worth only 4000$ atm.

Sorry for being an beginning idiot and asking this and thanks for everybody who can explain it to me

I don't think you're the only idiot, me too.

It seems to me that this was a big drop because the whole encrypted market environment was not good, and during that time, very few people were able to make money. But don't lose heart, I'm sure the encryption will come back.

waynechong1995

full member

Activity: 644

Merit: 117

swing!

To put it simple most of your alt paired with btc. When a crash was incoming, people would want to exchange their bitcoin back to something more stable like USD fiats, as fiat only pairs with btc or other major currencies, people temds to sell more and cheaper alts to BTC as thats we knew altcoin would suffer more lost than bitcoin, its a cycle so you have to be quick with entry and exit in alts

migz28

newbie

Activity: 65

Merit: 0

we must help a Beginner to understand all the process for them to be able to follow all the instructions and share your knowledge to them because we also start on that situation. so we must share our learnings to them also. dont become selfish.. we must be selfless so that blessings will be come in..

Copulative

full member

Activity: 322

Merit: 100

It's fortunate you have an assorted portfolio which precisely what a financial specialist ought to have. Bitcoin remedy causes its market cost to drop down profound making cryptomarkets crash in red shading. As bitcoin persistently diminishes its market value, it likewise drags the altcoins' market cost since these altcoins have a matching with bitcoin. That implies when the estimation of bitcoin goes down, so the esteem altcoin likewise drops.

izzabel

newbie

Activity: 112

Merit: 0

Quote from: greed001 on February 01, 2018, 08:25:35 PM

Hello guys...

I have diversified my portfolio to about 25 different cryptos which were worth about 7000-8000$ just before the bitcoin crash came and I am wondering whats the exact reason behind this, when or will it recover (and so the alt coins I hold, don't have any bitcoin).

Why do almost all alt coins crash because of the bitcoin crash or correction?

My portfolio is worth only 4000$ atm.

Sorry for being an beginning idiot and asking this and thanks for everybody who can explain it to me

We help beginners ti understand because we also try if being a beginner we should explain to them carefully give some hint about bitcoin world

Rrotess

member

Activity: 264

Merit: 10

Quote from: greed001 on February 01, 2018, 08:25:35 PM

Hello guys...

I have diversified my portfolio to about 25 different cryptos which were worth about 7000-8000$ just before the bitcoin crash came and I am wondering whats the exact reason behind this, when or will it recover (and so the alt coins I hold, don't have any bitcoin).

Why do almost all alt coins crash because of the bitcoin crash or correction?

My portfolio is worth only 4000$ atm.

Sorry for being an beginning idiot and asking this and thanks for everybody who can explain it to me

Try to read this one.Everything is possible if you tried the best as you can in a positive way.

https://bitcointalksearch.org/topic/newbies-read-before-posting-1689727

bluered

member

Activity: 176

Merit: 10

Quote from: destroyer01 on February 01, 2018, 11:09:08 PM

I'm also a beginner but i'm willing to teach help other. I will teach them the basic that i know.

Hey thanks for considering us beginner, we really need the help of the old bitcoin users for us have more idea on managing our acount. It is really hard to understand some terms here because the meaning of it is different from the meaning that we ussually know. We are also experiencing hard time to look for the topic that we can discuss on, because the terms and the topic is unfamilliar. So for me and for other beginner here we must read more for us to understand more things here about bitcoin and crypto currency.

okwang231

member

Activity: 210

Merit: 11

as new to bitcoin or cryptocurrency before I enter this trend I'm well aware of what cryptocurrency really will I admit so it's not easy to learn because I do not know much about cryptocurrency only basic features I know here so I want to learn and lesson the bitcoin.

Zach707

newbie

Activity: 210

Merit: 0

Quote from: greed001 on February 01, 2018, 08:25:35 PM

Hello guys...

I have diversified my portfolio to about 25 different cryptos which were worth about 7000-8000$ just before the bitcoin crash came and I am wondering whats the exact reason behind this, when or will it recover (and so the alt coins I hold, don't have any bitcoin).

Why do almost all alt coins crash because of the bitcoin crash or correction?

My portfolio is worth only 4000$ atm.

Sorry for being an beginning idiot and asking this and thanks for everybody who can explain it to me

Don't you worry about the value of your portfolio right now. Don't panic, all you have to do is monitor the value but don't you ever sell your coins to avoid lose. Your portfolio maybe down but it does not mean you already lose some money. Hold it until everything goes back to normal.

fasdorcas

hero member

Activity: 798

Merit: 527

Quote from: maculeth on February 19, 2018, 07:44:27 AM

when bitcoin is crash, demand of bitcoin becomes down. as well as altcoin enthusiasts, demand will go down as well and make the price drop as demand decreases. hold it, everything will be fine.

Same I would say ups and down is the future of bitcoin it use to increase and decrease it cannot be stable so if price is low it is all about patience if we will hold bitcoin it is all full of profit but if you will show greed and impatience then it will cause danger for your profit. Profit of bitcoin is all about price so it is not very much to say but just try to buy at low price and sell at high price so it will be great profit indeed.

BartS

sr. member

Activity: 980

Merit: 255

Quote from: Sled on February 14, 2018, 06:45:22 AM

Quote from: Hemady17 on February 14, 2018, 02:59:47 AM

Quote from: greed001 on February 01, 2018, 08:25:35 PM

Hello guys...

I have diversified my portfolio to about 25 different cryptos which were worth about 7000-8000$ just before the bitcoin crash came and I am wondering whats the exact reason behind this, when or will it recover (and so the alt coins I hold, don't have any bitcoin).

Why do almost all alt coins crash because of the bitcoin crash or correction?

My portfolio is worth only 4000$ atm.

Sorry for being an beginning idiot and asking this and thanks for everybody who can explain it to me

You hold to much many altcoins at your portfolio. My advise is try to consider trimming down your portfolio to smaller number maybe maximum of 10 minimum of 5. This is to make sure that you can properly monitor your portfolio. Altcoins performance are mostly dependent to BTC performance so always expect that any movement of BTC altcoins will follow. Market corrections is the main reason of price movement of BTC.

In my opinion 5 altcoins are the sweet spot for an investor because more than 5 altcoins is a hard task to keep monitoring your cryptocurrencies because they are so volatile and there is still a lot of things to monitor to make sure that your investment is having a good progress so it is best to just stick to maximum of 5 altcoins.

It depends on how much time you have to dedicate to trading, if you are working a full time job and have a family the truth is you are not going to have a lot of time to monitor the markets everyday so holding 5 coins seems like a good idea to me, but if you are young and do not have any responsibilities and you are dedicated 100% to bitcoin then holding more than 20 coins may be a good option for those that are deeply invested in bitcoin not only in terms of money but in their time as well.

Dontme

sr. member

Activity: 798

Merit: 255

Actually we are all experiencing down when it comes in crypto this is not only about always rusing but it is also all about low market. When low or down market obviously we experienced great lose especially when we based it in bitcoin. Bitcoin lost also 70% of the price where all of us become panicked but that was normal and we should wait even though it is still in the deep because soon it will rise again.

maculeth

member

Activity: 714

Merit: 11

BountyMarketCap

when bitcoin is crash, demand of bitcoin becomes down. as well as altcoin enthusiasts, demand will go down as well and make the price drop as demand decreases. hold it, everything will be fine.

green bottle blue

newbie

Activity: 12

Merit: 0

Quote from: Aso at bata on February 19, 2018, 05:55:22 AM

All I can say is they have to read, learn and understand all the rules step by step. They need more time, stay calm and be patience do everything you know.

Yeah, as what I did. I need to gain my knowledge about bitcoin as I am so interested this kind of job. Many of my friends out their didn't render overtime on their regular job as they have already a sideline by doing this kind of job. I hope someday I'm one of them.

Aso at bata

newbie

Activity: 124

Merit: 0

All I can say is they have to read, learn and understand all the rules step by step. They need more time, stay calm and be patience do everything you know.

michellee

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Quote from: ginika on February 18, 2018, 01:13:22 PM

Steps to Helping Beginners Understanding Btc is to give them a basic idea of the knowledge and guidance an Btc trader must have, which really needs to understand basic needs before trading in a volatile btc market.

I think they need to learn the basic first and don't teach about trading because this will makes them confuse and need to learn more details. but if they already know about bitcoin, then maybe they can learn about trading. sometimes they need to learn from the basic first and then learn to trade because it will give them a good info that bitcoin price is volatile and they need to know first before they decide to do trading.

ginika

newbie

Activity: 364

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Steps to Helping Beginners Understanding Btc is to give them a basic idea of the knowledge and guidance an Btc trader must have, which really needs to understand basic needs before trading in a volatile btc market.

MD Milon

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Activity: 406

Merit: 10

Bitcoin is a digital currency.to help others how to handle bitcoin and share knowledge about bitcoin.and its help to beginner understand. Also I can say that if you are a long term investment, it takes time before you will earn and some of altcoins are for long term investment because their prices are too slow to rise up. Just wait and take some time.

Topic: Help a Beginner to understand... - page 17. (Read 2210 times)