Help a Beginner to understand...

[Copulative]

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.

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[migz28]

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..

[waynechong1995]

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

[tuikindu01]

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.

[gunungkembar]

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.

[genset88]

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.

[Ragmer]

I am quite surprised with your portfolio. It has so much that you can manage them all. As a longtime investor, I think they are too much and you will not be able to succeed with such large amounts of crypto. Just focus on a few coins, you will feel more effective

[gambitcoin53]

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 all traders did the same strategy as you did, then we are really seing why the price of bitcoin crashed, you see, trading depends on the market share of a specific coin. the value of its market cap matters, if all or most of the traders will buy lots of different coins at the same time, the demand for bitcoin crashes too, you sell, therefore the supply increases, there you create a trend, if you HODL, then the supply will decrease, then the price or value of bitcoin will increase, if it happens, that is the time to sell again, that is how it works. same goes with alt coins.

[Wexnident]

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

In this kind of situation in the market it's not surprising that other people in this field are do nervous and panic but for this situation, the best and strong weapon that we can have is the spirit of having positive mind and strong foundation of trust and belief to the system.It is also better that keep to our mind that it's only a past of it's volatility and soon it will rising up again in much surprising value.  For now, hold on and be calm that is better to do.

[Falmera]

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 !

I like reading posts like this. They could provide me more knowledge aside from researching. Experiences shared by higher rank and older than me here like you is a great help to me and other beginners. So far, I learned that it is good to hold coins if its value is still low or if you think you cannot get your target profit when trading.

[th26378]

Bitcoin is a player in the crypto world. And all of them have pairs exchange with it. When bitcoin goes up or down, all will be affected.

[ahmad21]

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

Its because bitcoin is marked as the barometer of the whole crypto world. Any movements in bitcoin means that the crypto world is growing. But the problem is trading in crypto currencies is to beat the movement of bitcoin and surpass it because if you are earning or losing the same as one would have done if they would have kept money in bitcoin then your trading is a complete failure. Moreover I think that sometimes market even refutes this idea and the alts remain the same while btc goes up or vice versa

[trecore4]

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.

Well that makes the OP more concerned because you have not mentioned whats actually causing the market drop and when it might just recover itself. The down trend that we see is result of the bad news and shit which has been discussed million times in the forum. So its our intellect which you should use to know that in first place. What remains behind is just the recovery of the same and market which is having enormous moments. In such case we cant do much but just to wait and watch the market bounce back to the normal rates which in your case is more than 50% up trend. Crypto markets volatility is prime reason and in any case we can not deny it neither we can stabilise it. Just the simple formula to recover the loss is, wait and watch!

[rat03gopoh]

Bitcoin is a player in the crypto world. And all of them have pairs exchange with it. When bitcoin goes up or down, all will be affected.

But this is not always the case, it is because the volume between btc and alt is not the same and the circulation from both of them I think is never balanced. So it's just a coincidence that their prices are both down at the same time.

[migz28]

yes we must help a Beginner to understand bitcoin by giving them right instructions , procedure ,, so that they can earn and save for their family's expenses.. because we know how difficult because we've been there..

[Rasshemark]

if all traders did the same strategy as you did, then we are really seing why the price of bitcoin crashed, you see, trading depends on the market share of a specific coin.
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.

[serjent05]

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

True that, I have been slow in selling my alts and converting them to BTC and later on changing to USD, so I have lost some profit.  We need to actively monitor stuff closely.  This way the flow of conversion will not hurt us and will eventually benefits us in the long run. 

if all traders did the same strategy as you did, then we are really seing why the price of bitcoin crashed, you see, trading depends on the market share of a specific coin.
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.

Well not all trader have the same strategy, some short their holdings and buy on dip, while others just keep on holding, and other buying.  So this thing make trading more interesting and challenging.

[bololord]

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 you wantto understand about it try to read more here in the forum or search in google or try to watch some videos about cryptocurrency i thinik it will helps you a lot to get more information about it and to understand all about cryptocurrency and how it works and you should need to get more knowledge before you enter in the world of cryptocurrency.

[Demughni]

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 think i'm a beginner but like what i know about bitcoin, it's all about privacy controls by its founders, talking about prices too, it's usual that sometimes reaches to higher levels and also dramatically goes down,

[keycellko]

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, since everything is down, we can't do anything about your loss but just hold it. Don't sell your coins just yet. It is not the end of crypto currency. Corrections happen after a huge increase. When you bought your coins, maybe they were at a high, so now that the correction happened, the alts you bought has decreased in value. Patience is the key so hold until it recovers. Next time you invest make sure you are willing to lose it. We will never know how the market will go.