Topic: Im new i have a question about btc and eth - page 2. (Read 10971 times)

Fall and rapid growth is not news in the world of cryptocurrency.  Therefore, in order to feel comfortable here you need to have nerves of steel and a lot of patience.  And then over time, success will come.

a little advice, it's good before investing or trading, you must first understand what you are going to do, so you can understand what causes prices to change, sometimes going up and sometimes going down. and the most influencing price is supply and demand. and why the price of Altcoin like Ethereum is influenced by Bitcoin, the answer is because Bitcoin is a benchmark. CMIIW  

you only need patience because many believe that in the future the price of ETH will be high. so do not ever regret your decision and remain patient when the profit opportunities are visible, do not hesitate to take it.

You means the calculation at the initial time but you should be patient for Eth price to gain momentum so that your lost will be minimized. Crypto price is unpredictable patients is one of the keys to success in the blockchain industries. Do research ask questions so you wouldn't mislead your self best of lock...

Sometimes it follow but not right away, maybe we need to see more increase of bitcoin for ETH to follow and same with other altcoins.


I have faith with ETH and its devs, price maybe too low now and we cannot sell so we are force to hold, selling at a loss would not help us succeed.
ETH has proven it could pump over $1,000, so being patient is necessary, eventually things will change and it will start its uptrend.

That's the volatility of the cryptocurrency market if bitcoin price goes up it doesn't mean that other coins like ETH will follow, you probably trade at the wrong time and bought ETH when the price is about to go down. I think it's better for you to hold because it will go up in the future.

Like me before, I thought that the pattern would always be bitcoin + == altcoins + but that's not the pattern most of the time. For somebody who has invested to bitcoin, you don't have to think on how the altcoins market move because they are into bitcoin's move. And that's when the unpredictable status comes.

Most newly invested folks would worry about this but it's fine as long as they learn from that.

It happens buddy! Sometimes the upward movement of a major coin like Bitcoin may not quickly affect others. So calm down,  it's nothing to really worry about

I agree.  Bitcoin bye is so unpredictable that it can grow and fall in one day.  And in the wake of them, other coins are pulled to the bottom or up.

When the bitcoin price moves fast, all coins, including ETH, continue with loss. But soon there will be a recovery. Nevertheless, you must always be careful. Bitcoin can sometimes make hard moves one after one.

      You are not at a loss unless you withdraw your investment. You do not have to panic and you have to wait until you're on the profit. Investing in crypto is a long-term investment, so you only have to invest the money you can afford to lose. Both Bitcoin and Ethereum have a great potential, so these price oscillations should not worry you.

I read some of the previews reply saying its the wrong move and bitcoins and ethereum are diferent etc...

So what may I write can be the same as other some might be different but here, I hope it will help others basing on my problems and conclusions from the experience I obtain when I got myself into holding bitcoin. Also same as my observations for the market value of crypto currency.

LESSONS AND MY OBSERVATIONS

Top 3

1. Yes it is right that bitcoin and ethereum are different and sometimes going up together up and down.
So, from what I know before that eth can follow bitcoin market increase value but I was wrong now bitcoin value is rising a bit, as of today and while for ethereum, its not.

When you invest/buy bitcoin you possible think that ethereum will be the same but not it can be bumping up and the others are down. So yes the right thing to do is to study the market like evry other company when the value is low buy and wait.

For me with you dont understand  it my lesson was study it because when you study about the crypto currency market you can use it out of the computer which is the market that is paper money/the companies investment value.

2. I have alt coin and Iam patient with it but sometimes I feel like selling it because of now it is really down the moon and rising a bit.

Being patient is need and smart is needed and being ready for sacrifices like the value of a certain altcoin may go shitcoin.

3. Accepting defeat and learn from it to make good decisions in the future when it is possible related to any investment strategies.

If yoy are a beginner,  you shouldn't care too much the daily price and you should not be interested in trading,  but more on holding for middle-long term.

For crypto, unless you have at least $10k to drop on crypto per trade, you're not going to be pulling 1k per month profit. You'll likely have some success when market swings up, but eventually you'll get stuck at some high level.

First you need to understand bitcoin value and usd value of eth,when eth price drops bitcoins do pump and when bitcoin pump  eth price in usd increases together with the bitcoin but bitcoin value of eth gets lower because of bitcoin is gaining price in usd.Simple trading thing you need to know you lose bitcoin value but win on usd value

My question is, did you sell your eth right now? If not, then you are not really losing because you still have ethereum in your wallet although the fact you see that your investment value is down let's say 10%. As long as you are not selling in when the eth price is down, then you will have a chance to see the eth price will increase later.
My advice will be held eth for a long-term, but you can sell ethereum if the price can reach a higher price than the price you bought so you can take the profit.

that has been the thing that happens to altcoins every time bitcoin price rises, they simply get dumped hard since investors (traders) cash out from altcoins to go back to bitcoin market.
this comes from the fact that the purpose of majority of altcoins is to be pumped and dumped and traded during that time so that bitcoin owners can increase the amount of bitcoin they own. the coins on top like ETH are the biggest ones that match this description.

It isn't specific with Binance, whatever exchange you've used for such an investment you could have felt the same thing. The market is something different from common form of trade. The volatility Wil be high and to the same is the profiting. As you're new to the trading platform have patience and watch the market to make better decisions further.

Some answer is great then the other aren' sorry do not be offend because investibg in bitcoin eth or any kind of altcoins are not wasting time thats is negative answer mate because investing in crypto need to always think positive then do not use emotion and be patience.

By the way the generak answer of the op question is because of high volatile movement of each coin and increase rheir price value is depends  in the market demands.

It seems that the value of your Ethereum is shown compared with bitcoin value and not with USD value so its useless to make calculations based on the price of bitcoin and Ethereum in USD. The right move should have probably been to first exchange your bitcoin to USD and then buy Ethereum so that the value of your coins move directly with the market.

Since you are trading EthBtc pair, you should not be concern of $  value of your coin. Focus on its bitcoin value. Since bitcoin is rapidly gaining value, your eth is losing against bitcoin.. You can still salvage this by trading eth to usd then buying bitcoin with usd. Let the bull run its course and convert to usd when its on its peak.