Topic: Help a Beginner to understand... - page 22. (Read 2210 times)

  always if you sell when the price is dropping,  so if you don't want to lose some of your profits you must HODL! and wait to sell when the price is roceketed to prevent loses.  Jus monitor the market graph because the price is so volatile, learn some  technical analysis. 

 You first must know cryprocurrensies are very unstable and if your portfolio is downing you will hodl your potential altcoins. I think first of all you must growth your portfolio until you earn more profit. If you want you can buy my favorite coins (VEN, PLR, MNX).

Is it possible to get lose Sir?  Why?  Because  I think tgat the price is always rising.

I am also a beginner. Like any other business, you will not always get a profit in bitcoin, preferably before deciding to invest you learn the market first, and do not put your money too much if you are not sure. if you do not want to lose, you can hold it, but to answer how long you can keep it, even bitcoin creators will find it difficult to answer. my advice you should be extra patient and busied yourself with other things until the value of bitcoin and altcoin back up

As the price of bitcoin goes down, many are expecting that the price of altcoins would go down as well because most of the altcoins are traded with bitcoin as base coin so to protect themselves from further losses, they would decide to sell their coins and maybe trade it with fiat to buy back lower and for those who couldn't take it would just totally leave the crypto scene.

We had seen that at the start of the year, the price is continuously declining and many are anticipating it because of the sudden rise in the previous months so for those who have been in crypto for a long time, they have already cash out and for those who just entered recently experience their first heart break with crypto so panic sell happened and fear was sustained because bad news come altogether that's why people have bloody portfolios.

Just think of it as a sale and buy more so that you can average down or if you don't have funds anymore then you can hold and wait for it to go up since it is slowly recovering.

Many bad news about bitcoin spread. I suggest you to convert all your cryptocurrency into bitcoin because this is the safest coin. I don't know how long the negative market condition continuing but it will recover. There are many countries that start to embrace bitcoin and blockchain technology so don't worry.

When we are long cryptocurrencies, we are also long BTC. This is because all cryptocurrencies traded on the exchanges are priced in BTC. So when BTC drops, everything will drop especially when you are viewing your "portfolio" in terms of fiat e.g. USD.

But if you are looking at your currencies in terms of BTC, the drop may not be so bad afterall.

Anyway you should review your "portfolio" as it could be too diversified. 25 different currencies is a lot to manage and is not focused enough to profit when those few good ones rise in value. A holding of about 10 could be a better sized portfolio.

Research hard and understand which are those that can give u the best returns. Dun be caught in the FOMO mentality and spread your investments so thin that you gain peanuts when the bull comes for the selected few.

All beginners that they need to know about this forum and bitcoin, rules and regulation was in here it always on the top of the forum. The important to know for those beginner was always follow the rules and regulation if you don't like to banned and have a red mark but you should research to get more information for the additional knowledge.

I am also the begginer
To my point of view, nobody can predict what happens next as we dont understand the market well now.
But I suppose crypto currencies are all the venture investment with high volatility, so you should stay stable with emotions and wait.

I'm a beginner, at least I keep learning from the internet and add knowledge about bitcoin and around the world of criptocurrency. saving me for beginners we live alone and stay afloat to invest follow the existing developments, do not easily affected by the news that is not certain the truth. Good luck.

Same as you, I'm also a beginner. All I can say is don't get affected by the fall of prices, if you will study the market and it's fall last year it's almost the same but a huge increase rate occurred.  It's just normal in every trading business. so dont get disappointed, instead study the market well, if you have more capital buy because now is the best time to purchase.

Crypto currencies is a market of fluctuations, that's one thing you need to know and understand first before getting into investment. Not because you heard investment in cryptos makes a lot of profit will only means you can also have it without experiencing this pumps and dumps. Majority of cryptos will soon recover after this drop but I would suggest don't make investment to coins you didn't know and understand well to prevent loss on your part.

It is just correction. Why and how did you choose your 25 different cryptos? Why so many? How do you plan follow the development and news about them?

It's easy to say patient, but hard to do. Six months is not a short time. I experienced the same thing.
one thing to do is buy back at the base price and with large capital so that the next increase will cover the highest purchase.

     Oh well, everyone wants the easiest way for everything right? lol. But, seriously though, you really have to do your own research so you can really understand things better and not rely on other people's opinions that you can never be really sure about since you barely even know the people behind those advises or opinions. But hey, it's all good man, I feel you, sometimes we just don't have a lot of time to spend in studying about cryptos since we all can be busy at some point since we all have jobs and chores to do and others even have to study lessons from school on top of these since they are students. So I will give you a tip. My advice besides from doing your own research is to always be patient enough and greedy with the right moderation. It is important that you have these and can completely control them since these traits can either get you thousands of profits or thousands of losses. Although I agree that this will not be easy at first, but with experience, you will eventually get better at controlling these traits(of course, considering that you also give time to studying about cryptos). And the most important thing? Do not fcking give up just because you failed on your 1st, 2nd, or even 5th try because there is absolutely not a single successful person in any field that has never experienced failing even once.

     Oh, and by the way, on bitcoins or in any altcoin that I truly believe in, I set a realistic desired amount of profit and immediately sell when I reach that mark and don't let my greed make the best of me. I really stick to it. And when there's a dip, even when I haven't taken profits yet because the price didn't reach my mark, I buy more. And when the dip goes deeper, I then buy more. And this continues until the prices get to the mark of my desired profit then back again with the cycle while gradually increasing my capital every cycle. The increase of capital of course, depends on the amount of profit I have acquired since sometimes price hypes are totally unpredictable and can go way over your mark in just hours of sleeping. Keep in mind that this approach I am doing is only done when I still have spare funds that I can afford to lose on my investing plans. Man, I hope that you are also investing funds that you can really afford to lose. But hey, that's your money so whatever you do about it is completely your choice. I just hope that you really make the right decisions.

-Anyways, good luck on your adventures here in the world of crypto op, hope these advises can help you in any way.
-Good day and welcome

What we saw during December was a huge price rise across the whole market. It was clearly unsustainable, and the question was how far it was going to rise before it eventually fell back - but it was definitely always going to fall back hard. Just look at the historic price charts. Every mammoth rise has been followed by a fall.

So the market in early Jan was just waiting for an excuse to correct. There were a slew of negative mainstream news articles, particularly from Asia, and these were enough to trigger the fall that everyone knew was coming.

For people who have been here a long time, even just early 2017 like me, even if the market fell 75% we would still be in profit - but this was not the case for all the newcomers who came into crypto during December. These were the people who fuelled the immense price rise, and these were also the people who would be in a loss-making position the minute the markets fell.
So I think once the fall started, a lot of these people decided to panic sell and cut their losses, which caused the price drops to be much steeper than would otherwise be the case. And then experienced traders could see what was happening and took advantage, selling their coins and buying back in at a lower point. Again this activity caused more price drops.

Just my opinion, but I think panic selling by newcomers cutting their losses was the main reason that the fall was so steep.

Why do alts crash when bitcoin crashes? Because alts are linked to bitcoin in trading pairs, and because bitcoin is much bigger than other coins, and bitcoin news dominates the whole market.
When will it recover? I would say look at price charts over the last year, not just the last week or month. You will see a clear pattern.

This is mostly the same how I feel when Im just a beginner years ago and based on my experienced like in this kind of scenario when almost all coins are in huge decline I have to quickly sell it and convert into cash which is very wrong thats why I advised just keep holding it in your wallet dont ever sell your coins which you bought at a high price just wait, relax and everything will be alright.   

you are investing in some kind of alt it is very good because you have a lot of money but I think the stock market is the same and the market stability depends on the investors, and why you leave bitcoin in my opinion this is the best coin and harganyapun according to the stock exchange board currently get Top rankings, it's very sad if you've left bitcoin because according to the news after the Lunar New Year bitcoin will return stable and rise sharply.

Bitcoin is in the correction phase. And most altcoin's USD value is based from the Bitcoin price. Everytime bitcoin is down their USD value also drops. If you are going to study the charts of BTC and Altcoins along with their BTC and USDT pairs. You will discover that they are related to each other.

If you've invested in some decent crypto currencies like Ethereum, Litecoin, NEM, IOTA, Dash etc. and of course in Bitcoin then don't worry you'll feel much better in several weeks.
Investing in new cryptos which promise you 100x rise in a short period of time is another thing. Those kind of investments may be gone forever and there's nothing can be done about it.