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Topic: Help a Beginner to understand... - page 6. (Read 2181 times)

newbie
Activity: 95
Merit: 0
May 04, 2018, 02:01:46 PM
from my experience as a beginner I was told by my friend who is much more experienced than me, so I quickly understand about bitcoin.
hero member
Activity: 1190
Merit: 534
May 04, 2018, 12:35:27 PM
Being a major player in the crypto industry, Bitcoin is a parameter of the sentiments of the users. There is no direct connection between Bitcoin and altcoins but when we see fall in the price of Bitcoin, he tries to defend his rest of the capital by liquidating whole or part of his overall crypto investments and since there is diversification in major altcoins, we see the rely effect of Bitcoin price fall in other coins too.
member
Activity: 182
Merit: 10
May 03, 2018, 02:01:57 PM
we need to help a beginners to understand what cryptocurrencies really is. Now, I am helping my friends to understand it because they didnt even know the word bitcoin or any other cryptocurrencies.
jr. member
Activity: 308
Merit: 3
The Premier Digital Asset Management Ecosystem
May 02, 2018, 09:17:37 AM
Yes, learning is so good. Everyone has experienced a new, and everyone is trying to learn to be experienced and old people. So try to learn how you will succeed in this Crypto market.
full member
Activity: 364
Merit: 100
May 02, 2018, 09:13:03 AM
in the world of crypto is full of risk, you have to know it and the key to be able to get profit and success in crypto is patience and emotional control, if the price goes down then you better to hold and wait for the price rise again, if you sell when the price goes down then you will lose
sr. member
Activity: 444
Merit: 250
May 02, 2018, 07:50:11 AM
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
When did you invest the money, cause I believe your money must have gone up by now? And 25 different cryptosinvestment seems to me a lot for a newbie to handle. But I will still advise you to keep on holding your cryptocurrencies for as long as you can cause the price will soon reach a high price rate again. Yesterday it reached $9000 and just this morning it dropped a little bit to $8,800. Lots of people are saying that the price will go up this April ending or maybe May.
member
Activity: 176
Merit: 12
May 02, 2018, 07:28:55 AM
Beginners need to educate themselves and gain deeply knowledge of market and coins.This forum is blessing provide an opportunity to find all solutions here,so spend more time on this forum to learn and then earn.
jr. member
Activity: 165
Merit: 1
May 02, 2018, 07:22:16 AM
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
Help the beginner and teach them share a little bit of knowledge about bitcoin  so  you can help others too
Yes and there is a section or thread that all of your questions will be answered there as long as you will read every details given by each person who knows enough about what you really want to know.
member
Activity: 196
Merit: 10
May 02, 2018, 06:29:47 AM
The first thing you should do is to prepare yourself with good knowledge about blockchain, cryptocurrency, bitcoin. Once you know the market, start investing, invest small amounts of money in the first place to learn and then learn how to invest more.
full member
Activity: 378
Merit: 100
ADAB ADAB ADAB ADAB
April 30, 2018, 09:07:41 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

The prices of bitcoins is always depending on the supply and demand in the market and there are also fud or fake news which is affecting the thoughts of different holders and it is one of the reason why the price of cryptocurrency is dumping.
hero member
Activity: 840
Merit: 502
April 30, 2018, 09:07:27 PM
I think when you invest something, you need to have knowledge of that field. If you have no knowledge of the field you have invested in, you can lose all of your money without knowing why. You have to invest in yourself before you start investing in something that will help you make more money, I'm not sure you will make a lot of money if you do not have the knowledge. .
Unfortunately this is the truth, many persons think that they can invest in a market they know nothing about and somehow get profits of it, there are people that have been in this market for a long time and not even them are able to obtain profits all the time, what makes people think that they will be able to beat all the odds and still obtain profits were even professionals have trouble getting profits.
jr. member
Activity: 350
Merit: 2
April 30, 2018, 07:54:24 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 beginners for more understanding and give some knowledge or hits by sharing them everything so you can help others also to have some more income
We must help them like to share your knowledge about it and axplain about it, so we can help others or the begginer in that way
newbie
Activity: 53
Merit: 0
April 30, 2018, 07:43:38 PM
alright, so you ask why your coin is cheaper, and suspect it's because bitcoin crashes, if I think bitcoin crashes is one of the reasons why your coins have decreased in price, and besides that I would also share the experience with those others, especially you, just "keep calm and HODL", maybe you've heard or seen the term, honestly I'm also a beginner, but I have experience about it, a few days ago someone told me to sell my coin because at that time the price was soaring, she said "better sell now than the price will decrease again". I appreciate his opinion, but I still hold my coin, and you know what happened tomorrow?
the price is higher than the day before, the price is high, but now the price is much higher, well it's because I hold my coin, maybe you should try it, because than you be the one who sell the loss (beaver) it will be profit for those who buy coins at a cheap price (whales) the point is do not panic, keep calm and Hold, Cheers up  Grin Grin Grin
jr. member
Activity: 165
Merit: 1
April 30, 2018, 07:28:33 PM
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.
Its not all about that you are a beginner because we are all here at trying to learn about how or what are the ways to earn more in cryptocurrency. All i can say is try to review every single detail given by each person who have more experience so that after you have taken all the ideas you can apply it to yourself that`s what i did in my first time as a bitcoin user and don`t forget also to visit at Beginners and Help thread there are many ways on how to earn and your questions will be answered there.
full member
Activity: 420
Merit: 100
CAT.EX Exchange
April 30, 2018, 07:18:54 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'm sure the bitcoin price will go up and it will severely affect other altcoins to ride up the price. Therefore I advise you to stay and wait. you can also trade with your cryptocurrency. But I do not recommend it. Because for beginners it is very risky. I would rather wait and learn as much as possible about cryptocurrency.
full member
Activity: 350
Merit: 100
April 30, 2018, 06:35:34 PM
The crypto market is unstable, and the prices are always volatiles, you should know this before getting started with crypto currencies. Anyway your best choice now is holding your coins until the market go up highly again, and then the prices will also increase and reach higher levels, and in this time you can sell with good profit.
member
Activity: 149
Merit: 12
April 30, 2018, 06:28:20 PM
I think that your issue isn't so big now, but for future - the best thing to do in such situations is just wait.
member
Activity: 282
Merit: 11
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
April 30, 2018, 06:09:38 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
Mate don't worry it's natural that the value of your coins will down its prices because the bitcoin will decrease also.The best you can do was hold for it and wait for the right time
sr. member
Activity: 448
Merit: 281
April 30, 2018, 03:22:28 AM
Only 2 months just passed after you purchase your coins. Cryptocurrency world has a long way journey and you won't see the full development in just a short period of time. This is a good long-term investment. Just be patient. By the end of this year, you'll never regret what you have taken the risk.
It is not that much easy to understand about the overall procedure in a very short time. I can only share the beginning basic steps how to invest in Bitcoin is the same as you are buying a product that can be sugar or another market product of daily use and uses that product because that is in need. Now if you are in need and want to invest in Bitcoin simply buy the coins and then sell the coins and get your profit. But remember one thing buy at low market and sell at high, profit is possible then.
jr. member
Activity: 238
Merit: 1
April 28, 2018, 10:57:05 AM
We all here were a beginner for the first time to get involved in the cryptocurrency.Yes, we need to help a beginners to understand what cryptocurrencies really is. Yes, I am helping my sister and brother to understand it because they didnt even know the word bitcoin or any other cryptocurrencies.
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