Help a Beginner to understand...

[greed001]

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

[james23]

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

[rerek007]

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

[Viscore]

All I can say is just hold, we do not know when it will recover but I am sure if you continue to hold you will never lose.
That is why the crypto investing is called a high risk is because of this kind of situation, think that the entire marketcap had significantly grow and this time we have witness a lot of bad news which some media have exaggerated it, don't listen to them, do your own analysis because whales are doing everything to buy cheap coins before they will start to pump this again.

[Agaton]

I'm also a beginner, but as what i have known about bitcoin, it is all about privacy control by the founder, talking about price also, it is ordinary that sometimes reach to higher level and it also dramatically going down, being a new in these industry, we must learn and adopt the cultural movement and decision from the top or the organizer decisions.

[cpfreeplz]

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.

[destroyer01]

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

[nakamura12]

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.

[sukamasoto]

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 !

[Wallflower28]

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.

[Pumapipa]

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..

[h0lybyte]

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

[Choyor]

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.

[The_prodigy]

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

[btcton]

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.

[Theb]

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.

[BrewMaster]

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.

[Mevz]

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.

[jademacoy]

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

[icons6]

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.