Help a Beginner to understand... - page 23.

leonora galvan

member

Activity: 182

Merit: 10

Quote from: greed001 on February 01, 2018, 09:25:35 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 should understand the beginner if still they don't know what they are doing we should explain to them slowly how to earn a lot of bitcoin then suddenly they will learn how to do it and how to join a campaign.and just be patience for waiting for your coin.

serjent05

legendary

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Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: greed001 on February 01, 2018, 09:25:35 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

if everything is crashing, the best way to do is hodl and wait. if you believe in your portfolio, patience is the best tool for you to gain profit. There are several reasons why Bitcoin and other cryptocurrency goes down, but once this were all cleared, they will definitely soar up. Don't make a mistake done by lots of weak hands.

len23

newbie

Activity: 175

Merit: 0

Quote from: greed001 on February 01, 2018, 09:25:35 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 should help each other here so don't be sorry.Just ask questions,ask things you don't know and sure someone can help you here.

thrylos

newbie

Activity: 146

Merit: 0

Quote from: greed001 on February 01, 2018, 09:25:35 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

What I understand is in cryptocurrency investment is full of risk because of this kind of situation. One of the reason is when bitcoin falls the value majority of the cryptocurrency follows. But if you are holding the best crypto i believe this panic stage can not stop the future of it, understanding more about how good is yours is more helpful to make you at peace. So I suggest that if you believe your crypto, just hold and face the risk of reality, and let the patience with you.

jhamz03

member

Activity: 224

Merit: 10

Quote from: greed001 on February 01, 2018, 09:25:35 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

Maybe you should just hold it for now and dont get start panic. This isn't the first time, so stay calm and continue holding for sure you will never lose. Obviously you know nothing about investing or trading and you are getting worried about it. In investing you should know its fundamental basic and its risk. You should accept the risk before you step on to it. And remember invest what you can afford to lose.

galkina

jr. member

Activity: 84

Merit: 3

Do not panic like others. Just be patient, it will take at least six months to reach good levels again and you can book profit at that time.

icons6

newbie

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As beginners,we need to know what the bitcoin is all about ?That would help us to understand as beginners what bitcoin is all about.
If you find the concept of Bitcoin confusing, you are not alone.The virtual currency has been a constant source of controversy,but it is still not well understood.
A Bitcoin is a digital token- with no physical backing- that can be sent electronically from one user to another,anywhere in the world. A Bitcoin can be divided out to eight decimal places so you can send someone 0.00000001 Bitcoins. This smallest fraction of a Bitcoin- the penny of the Bitcoin world is refereed to as a Satoshi,after the anonymous creator of Bitcoin.

jademacoy

jr. member

Activity: 224

Merit: 8

This is a very good topic to be discussed since i am newbie also to this bitcoin. I hope i could read some important details on alt coins and how to convert his alt coin to bitcoin. And of course i hope that somebody could share on regards with the process. Actually guys this is my first post and I am excited to venture this kind of invesment. I do hope that I could convert on my own alt coin to bitcoin. And to successfully convert bitcoin to money or invest and upgrade my bitcoin holdings. Please share some inputs. Thank you

Mevz

full member

Activity: 238

Merit: 106

Quote from: greed001 on February 01, 2018, 09:25:35 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

It was like a disaster every year when January comes bitcoin price is so low maybe the price will return in March. All coins are affected, because bitcoin is use to measure the value of any other alternate coins and use it to buy and sell on trading so the price always based on Bitcoins. Just hold your coins it might triple your profit for the following months or buy bitcoins also its time to buy cheap.

BrewMaster

legendary

Activity: 2114

Merit: 1293

There is trouble abrewing

you are losing money because you thought you were diversifying and you were misled by pretty words like "portfolio". sorry to say this but you are a bag holder.

altcoins have never been good investments to begin with. they are highly manipulated and only used for short term pump and dumps. investing in them is not diversification in your investment. investing in them should only be used for short term and profit making.

there may be 2 or 3 exception coins (none of them are in top 10 though) but exception don't make the rules.

Theb

hero member

Activity: 1680

Merit: 655

Here is the problem people like you with money always buy first before even having a plan, now that cames crashing you will be panicking and questioning everything here in the internet. Why not before buying something you must study first and have a plan in order for you to become independent. Also seeing that your portfolio contains 25 Cryptocurrencies shows that you are vulnerable to hype as you are buying a lot of coins, I can't even call it as diversifying anymore as you must only concentrate 3-5. 25 Cryptocurrencies is a lot to handle even for a experienced trader.

btcton

legendary

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Quote from: greed001 on February 01, 2018, 09:25:35 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

Most cryptocurrencies except for Bitcoin itself (obviously) have their value tied relative to Bitcoin. Furthermore, over the course of the past month, there has been a constant selling out of people from the crypto scene. Now, when these people who sell their Bitcoins have most of their earnings in bitcoins, Bitcoin's price remains decreases but the value of other cryptocurrencies stays the same relative to Bitcoin. However, if those people who are moving to fiat actually have portfolios consisting of other cryptocurrencies, not only does selling off decrease the price of Bitcoin itself as an intermediary to fiat, but it also decreases the value of that cryptocurrency relative to Bitcoin. Arbitraging usually means that these differences are usually reconciled to market price for all trading pairs, but those are the basics of the trading mechanics.

The_prodigy

hero member

Activity: 924

Merit: 500

Quote from: greed001 on February 01, 2018, 09:25:35 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

Bitcoin as a cryptocurrency is a stock in the market which means that even some factors really do vary because it is dependent on this factors to stay afloat and stable and as there is constant battle on cryptocurrency the prices of these coins can vary almost rapidly in a daily basis. However, crytpocurrencies flaws are also its stregths as its decline open its doors for new investments while its high rises are also the tome for a big sale

Choyor

full member

Activity: 672

Merit: 105

Quote from: greed001 on February 01, 2018, 09:25:35 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

For now there is not much to explain why there is a decline in Bitcoin prices today because as we know that Bitcoin is fluctuating, which means that the price is determined by the market that can change at any time, so we no longer feel surprised by the current situation, but I try to calm down and try to hold some of my Bitcoin until the price is stable. because I believe the price of Bitcoin will be stable again.

h0lybyte

hero member

Activity: 924

Merit: 511

What i think is that most investors are now giving preferance to altcoins, there are a lot of altcoins in which some are good for long-term and some are worthless, people prefer to split their money without researching on it and then end up with loss. Now as you are in loss, you shouldn't be panic selling, just hold until they markets come to stable

Pumapipa

full member

Activity: 462

Merit: 100

Quote from: cpfreeplz on February 01, 2018, 11:52:18 PM

Basically it comes down to most things being listed for sale in Bitcoin prices. If your altcoin drops from 250 Satoshis to 200 Satoshis, it's not really that big of a deal and could recover. When you're looking at it from a fiat perspective though, 250 Satoshis 48 hours ago and 200 Satoshis now is a 50% difference in price.

What I'd suggest is choose a coin that you're trying to accumulate more of (Bitcoin) and just follow the market with the value of that coin. If you're up to 300 Satoshis, you're up. The fiat value really doesn't matter because these are all short term gains and losses. Bitcoin and cryptocurrencies are here to stay so HODL and don't let the big swings bring you down. We've dropped 90% before, then blew past that ATH by 1500%. We'll be fine.

i am a bit confused on the sudden drop in the prices because I am also a beginner and have seen this kind of drop in prices for the first time. FRom what I have seen before, bitcoin's price dropped and then just a matter of 2 weeks, it gained momentum and have recovered and jumped to double the value.
iT made me, doubt for a while if I am going to pull out or hodl bitcoin, i have hodled for 2 weeks thinking that bitcoin will recover, but i lost so much money that is why i pulled out. nonetheless, i will just put in more when value starts to increase again..

Wallflower28

member

Activity: 378

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All 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 till you know that you have profits before you sell your coins.
I think bitcoin price as of now is increasing and the price of it does not affect to the price of altcoins.

sukamasoto

legendary

Activity: 1148

Merit: 1006

Black Panther

I believe bitcoin will increase that's why I keep purchase bitcoin every month and keep hold it rather than short term trading.
It's quite risky if you trade bitcoin in short term because the value still too volatile.

Overall if you do not ready to lose, better stay away from bitcoin trading !

nakamura12

hero member

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Bitcoin Casino Est. 2013

I'm a beginner so i can't teach to another beginner if only i am not a beginner i would like to share some knowledge on how to earn profit through any crypto coin as long as i have knowledge of it.

destroyer01

jr. member

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

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